SHE:001389 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 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	5,102	3,479	2,537	2,076	1,607
Other Revenue	383.48	254.91	141.13	-	-
Revenue	5,485	3,734	2,678	2,076	1,607
Revenue Growth (YoY)	46.89%	39.43%	29.04%	29.12%	20.46%
Cost of Revenue	3,671	2,560	1,820	1,722	1,234
Gross Profit	1,814	1,175	858.51	353.83	373.14
Selling, General & Admin	340.3	238.57	180.95	146.76	110.84
Research & Development	279.79	179.2	120.59	92.58	74.81
Other Operating Expenses	15.75	14.27	20.57	-10.5	-24.02
Operating Expenses	676.38	449.22	334.51	241.37	161.74
Operating Income	1,138	725.47	524	112.46	211.4
Interest Expense	-16.57	-15.87	-13.93	-5.78	-6.2
Interest & Investment Income	31.18	17.35	4.47	1.35	1.52
Currency Exchange Gain (Loss)	-30.3	48.61	8.94	-	-
Other Non Operating Income (Expenses)	-2.02	-1.48	-2.12	-16.77	-39.4
EBT Excluding Unusual Items	1,120	774.08	521.37	91.26	167.33
Gain (Loss) on Sale of Investments	3.51	-11.96	-41.54	5.35	10.69
Gain (Loss) on Sale of Assets	-1.4	-0.63	-0.58	0.57	0.63
Asset Writedown	-2.03	-7.62	-2.11	-1.27	-4.54
Other Unusual Items	16.45	8.61	19.75	-	-
Pretax Income	1,137	762.48	496.88	95.91	174.1
Income Tax Expense	121.11	86.38	82.2	-5.18	18.57
Net Income	1,016	676.1	414.69	101.09	155.53
Net Income to Common	1,016	676.1	414.69	101.09	155.53
Net Income Growth	50.24%	63.04%	310.21%	-35.00%	48.04%
Shares Outstanding (Basic)	423	407	380	361	346
Shares Outstanding (Diluted)	425	410	380	361	346
Shares Change (YoY)	3.72%	7.70%	5.38%	4.46%	1.98%
EPS (Basic)	2.40	1.66	1.09	0.28	0.45
EPS (Diluted)	2.39	1.65	1.09	0.28	0.45
EPS Growth	44.85%	51.38%	289.29%	-37.78%	45.16%
Free Cash Flow	-277.86	-31.23	123.45	-269.06	-110.56
Free Cash Flow Per Share	-0.65	-0.08	0.32	-0.74	-0.32
Dividend Per Share	0.646	0.480	0.250	-	-
Dividend Growth	34.58%	92.00%	-	-	-
Gross Margin	33.08%	31.46%	32.05%	17.05%	23.21%
Operating Margin	20.75%	19.43%	19.56%	5.42%	13.15%
Profit Margin	18.52%	18.11%	15.48%	4.87%	9.68%
Free Cash Flow Margin	-5.07%	-0.84%	4.61%	-12.96%	-6.88%
EBITDA	1,350	889.84	677.9	194.45	261.61
EBITDA Margin	24.61%	23.83%	25.31%	9.37%	16.28%
D&A For EBITDA	212.12	164.37	153.9	81.99	50.21
EBIT	1,138	725.47	524	112.46	211.4
EBIT Margin	20.75%	19.43%	19.56%	5.42%	13.15%
Effective Tax Rate	10.65%	11.33%	16.54%	-	10.66%
Revenue as Reported	5,485	3,734	2,678	2,076	1,607

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