SHE:301301 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	4,227	5,397	4,515	3,574	3,055
Other Revenue	389.55	361.61	308.58	246.72	177.08
Revenue	4,616	5,758	4,823	3,821	3,232
Revenue Growth (YoY)	-19.83%	19.38%	26.24%	18.21%	-11.44%
Cost of Revenue	3,290	3,680	3,343	2,890	2,637
Gross Profit	1,326	2,078	1,480	930.89	595.07
Selling, General & Admin	181.2	190.87	165.7	155.54	130.22
Research & Development	102.49	77.73	55.26	35.38	32.95
Other Operating Expenses	67.21	79.51	66.52	54.94	36.7
Operating Expenses	354.59	341.43	293.98	260.12	198.27
Operating Income	971.68	1,737	1,186	670.77	396.8
Interest Expense	-33.82	-61.91	-87.78	-142.34	-176.88
Interest & Investment Income	4.66	7.38	16.18	5.21	9.2
Currency Exchange Gain (Loss)	-0.38	6.69	12.18	14.71	-5.37
Other Non Operating Income (Expenses)	-5.39	-5.83	-3.74	-0.64	-0.95
EBT Excluding Unusual Items	936.74	1,683	1,123	547.7	222.8
Gain (Loss) on Sale of Investments	-5.74	-9.16	-14.73	-8.96	0.55
Gain (Loss) on Sale of Assets	0.35	-	1.34	-	0.26
Asset Writedown	-1.39	-1.25	-1.28	-0.68	-5.79
Other Unusual Items	8.73	2.46	9.25	-50.43	-83.74
Pretax Income	938.69	1,675	1,118	487.63	134.08
Income Tax Expense	170.34	274.74	177.15	76.11	22.73
Earnings From Continuing Operations	768.35	1,400	940.56	411.52	111.35
Minority Interest in Earnings	0.66	-0.03	-0	0	-0
Net Income	769.01	1,400	940.56	411.52	111.35
Net Income to Common	769.01	1,400	940.56	411.52	111.35
Net Income Growth	-45.08%	48.88%	128.56%	269.58%	-51.38%
Shares Outstanding (Basic)	2,262	2,223	2,239	1,960	1,856
Shares Outstanding (Diluted)	2,262	2,223	2,239	1,960	1,856
Shares Change (YoY)	1.76%	-0.75%	14.28%	5.59%	-7.21%
EPS (Basic)	0.34	0.63	0.42	0.21	0.06
EPS (Diluted)	0.34	0.63	0.42	0.21	0.06
EPS Growth	-46.03%	50.00%	100.00%	250.00%	-45.45%
Free Cash Flow	451.85	1,748	947.26	644.44	750.94
Free Cash Flow Per Share	0.20	0.79	0.42	0.33	0.41
Dividend Per Share	0.173	0.270	0.225	0.093	-
Dividend Growth	-35.93%	20.00%	141.94%	-	-
Gross Margin	28.73%	36.09%	30.69%	24.37%	18.41%
Operating Margin	21.05%	30.16%	24.59%	17.56%	12.28%
Profit Margin	16.66%	24.32%	19.50%	10.77%	3.45%
Free Cash Flow Margin	9.79%	30.36%	19.64%	16.87%	23.23%
EBITDA	1,542	2,278	1,730	1,217	919.79
EBITDA Margin	33.39%	39.57%	35.87%	31.85%	28.46%
D&A For EBITDA	569.86	541.74	543.6	546.07	522.99
EBIT	971.68	1,737	1,186	670.77	396.8
EBIT Margin	21.05%	30.16%	24.59%	17.56%	12.28%
Effective Tax Rate	18.15%	16.40%	15.85%	15.61%	16.96%
Revenue as Reported	4,616	5,758	4,823	3,821	3,232

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