SHE:301682 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
Period Ending	Dec '25 Dec 31, 2025	Jan '25 Jan 1, 2025	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	2,555	2,419	2,658	3,088
Other Revenue	61.53	74.35	68.14	58.07
Revenue	2,617	2,494	2,727	3,146
Revenue Growth (YoY)	4.93%	-8.54%	-13.33%	-
Cost of Revenue	1,445	1,448	1,343	1,613
Gross Profit	1,172	1,046	1,383	1,533
Selling, General & Admin	369.94	374.43	421.05	378.87
Research & Development	234.52	208.13	256.72	294.88
Other Operating Expenses	25.73	2.57	29.05	26.52
Operating Expenses	661.16	609.39	722.64	708.09
Operating Income	510.6	436.67	660.79	824.75
Interest Expense	-10.09	-14.52	-19.95	-31.55
Interest & Investment Income	9.24	13.75	6.69	3.62
Currency Exchange Gain (Loss)	-0.87	6.33	3.37	21.96
Other Non Operating Income (Expenses)	-0.61	-2.6	-0.3	-0.84
EBT Excluding Unusual Items	508.27	439.62	650.61	817.94
Gain (Loss) on Sale of Investments	-4.86	-0.44	-0.67	-6.18
Gain (Loss) on Sale of Assets	0.58	0.02	0.09	-
Asset Writedown	0.58	-0.02	-15.61	-28.29
Other Unusual Items	12.76	2.51	50.83	-2.12
Pretax Income	517.33	441.7	685.24	781.35
Income Tax Expense	56.79	55.8	87.25	91.25
Earnings From Continuing Operations	460.54	385.9	597.99	690.1
Minority Interest in Earnings	-141.82	-117.66	-186.32	-214.58
Net Income	318.72	268.24	411.67	475.52
Net Income to Common	318.72	268.24	411.67	475.52
Net Income Growth	18.82%	-34.84%	-13.43%	-
Shares Outstanding (Basic)	91	79	91	91
Shares Outstanding (Diluted)	91	79	91	91
Shares Change (YoY)	16.03%	-13.71%	-0.02%	-
EPS (Basic)	3.50	3.41	4.52	5.22
EPS (Diluted)	3.50	3.41	4.52	5.22
EPS Growth	2.40%	-24.49%	-13.41%	-
Free Cash Flow	69.34	278.78	472.74	29.69
Free Cash Flow Per Share	0.76	3.55	5.19	0.33
Dividend Per Share	-	0.800	1.100	1.200
Dividend Growth	-	-27.27%	-8.33%	-
Gross Margin	44.78%	41.95%	50.74%	48.72%
Operating Margin	19.51%	17.51%	24.23%	26.21%
Profit Margin	12.18%	10.76%	15.10%	15.12%
Free Cash Flow Margin	2.65%	11.18%	17.34%	0.94%
EBITDA	638.38	552.57	765.98	912.32
EBITDA Margin	24.40%	22.16%	28.09%	29.00%
D&A For EBITDA	127.78	115.9	105.19	87.57
EBIT	510.6	436.67	660.79	824.75
EBIT Margin	19.51%	17.51%	24.23%	26.21%
Effective Tax Rate	10.98%	12.63%	12.73%	11.68%
Revenue as Reported	-	-	2,727	3,146

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