SHE:301175 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	1,873	1,613	1,372	1,586	1,504
Other Revenue	-	49.57	31.63	10.32	12.07
Revenue	1,873	1,663	1,404	1,597	1,516
Revenue Growth (YoY)	12.62%	18.43%	-12.07%	5.34%	120.80%
Operations & Maintenance	-	0.01	0.07	0.03	0.98
Selling, General & Admin	-	148.53	125.6	107.28	89.04
Provision for Bad Debts	-	6.15	18.83	-9.35	14.9
Other Operating Expenses	1,409	995.49	835.83	1,115	1,075
Total Operating Expenses	1,409	1,199	1,012	1,242	1,197
Operating Income	463.26	463.86	391.81	354.71	318.55
Interest Expense	-	-83.41	-83.81	-74.3	-77.37
Interest Income	-	19.65	30.11	18.78	7.6
Net Interest Expense	-	-63.76	-53.7	-55.52	-69.77
Currency Exchange Gain (Loss)	-	-	-	-0.34	0.13
Other Non-Operating Income (Expenses)	-0.98	-0.34	2.92	-10.18	-7.93
EBT Excluding Unusual Items	462.28	399.77	341.03	288.67	240.98
Gain (Loss) on Sale of Investments	-	-	2.68	-	-
Gain (Loss) on Sale of Assets	-	-0.65	1.15	-0.03	-0.14
Asset Writedown	-	-4.58	0.1	-0.47	0
Other Unusual Items	-	6.77	8.55	8.45	3.91
Pretax Income	462.28	401.32	353.51	296.62	244.76
Income Tax Expense	80.52	39.68	42.84	46.39	46.44
Earnings From Continuing Ops.	381.76	361.64	310.67	250.23	198.31
Minority Interest in Earnings	-	-40.94	-41	-38.09	-25.09
Net Income	381.76	320.69	269.67	212.14	173.22
Net Income to Common	381.76	320.69	269.67	212.14	173.22
Net Income Growth	19.04%	18.92%	27.12%	22.47%	30.21%
Shares Outstanding (Basic)	1,468	1,458	1,498	1,248	1,083
Shares Outstanding (Diluted)	1,468	1,458	1,498	1,248	1,083
Shares Change (YoY)	0.73%	-2.70%	20.06%	15.26%	5.80%
EPS (Basic)	0.26	0.22	0.18	0.17	0.16
EPS (Diluted)	0.26	0.22	0.18	0.17	0.16
EPS Growth	18.18%	22.22%	5.88%	6.25%	23.08%
Free Cash Flow	-	166.4	-311.36	-185.37	-296.3
Free Cash Flow Per Share	-	0.11	-0.21	-0.15	-0.27
Dividend Per Share	-	0.135	0.100	0.055	-
Dividend Growth	-	35.00%	81.82%	-	-
Profit Margin	20.39%	19.29%	19.21%	13.29%	11.43%
Free Cash Flow Margin	-	10.01%	-22.18%	-11.61%	-19.55%
EBITDA	698.48	699.08	570.12	499.41	450.08
EBITDA Margin	37.30%	42.04%	40.61%	31.28%	29.69%
D&A For EBITDA	235.22	235.22	178.31	144.71	131.52
EBIT	463.26	463.86	391.81	354.71	318.55
EBIT Margin	24.74%	27.90%	27.91%	22.21%	21.02%
Effective Tax Rate	17.42%	9.89%	12.12%	15.64%	18.97%
Revenue as Reported	-	1,663	1,404	1,597	1,516

Source: S&P Global Market Intelligence. Utility template. Financial Sources.