SHE:300019 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	3,751	3,150	2,583	2,685	2,550
Other Revenue	-	8.51	22.26	9.75	5.94
Revenue	3,751	3,159	2,606	2,694	2,556
Revenue Growth (YoY)	18.75%	21.24%	-3.30%	5.43%	67.74%
Cost of Revenue	2,962	2,501	1,949	2,170	1,999
Gross Profit	789.22	658.19	656.76	524.79	556.7
Selling, General & Admin	309.3	276.83	194.51	145.53	144.41
Research & Development	117.83	111.87	102.27	109.92	109.91
Other Operating Expenses	11.49	6.19	5.44	13.01	16.98
Operating Expenses	438.62	400.47	321.58	276.65	285.61
Operating Income	350.6	257.72	335.18	248.14	271.08
Interest Expense	-	-8.16	-8.07	-4.93	-5.47
Interest & Investment Income	2.49	19.77	22.09	16.26	13.15
Currency Exchange Gain (Loss)	-	2.83	0.31	0.75	-0.71
Other Non Operating Income (Expenses)	6.11	-1.42	-1.34	-1.49	-0.52
EBT Excluding Unusual Items	359.21	270.75	348.17	258.73	277.54
Gain (Loss) on Sale of Investments	5.85	-	0.32	1.19	-
Gain (Loss) on Sale of Assets	0.09	0.62	-7.53	-1.03	-1.58
Asset Writedown	-24.27	-0.39	-0.38	-0.18	-2.76
Other Unusual Items	-	8.03	14.91	17.58	26.14
Pretax Income	340.87	279.02	355.49	276.29	299.35
Income Tax Expense	62.37	38.17	40.33	25.96	31.67
Earnings From Continuing Operations	278.51	240.85	315.16	250.32	267.67
Minority Interest in Earnings	-	-3.33	-	-	-
Net Income	278.51	237.53	315.16	250.32	267.67
Net Income to Common	278.51	237.53	315.16	250.32	267.67
Net Income Growth	17.25%	-24.63%	25.90%	-6.48%	33.00%
Shares Outstanding (Basic)	393	392	391	391	381
Shares Outstanding (Diluted)	393	392	391	391	381
Shares Change (YoY)	0.39%	0.13%	-0.02%	2.64%	15.16%
EPS (Basic)	0.71	0.61	0.81	0.64	0.70
EPS (Diluted)	0.71	0.61	0.81	0.64	0.70
EPS Growth	16.80%	-24.73%	25.92%	-8.88%	15.49%
Free Cash Flow	446.13	314.84	246.54	19.44	87.71
Free Cash Flow Per Share	1.14	0.80	0.63	0.05	0.23
Dividend Per Share	-	0.300	0.300	0.300	0.300
Dividend Growth	-	-	-	-	50.00%
Gross Margin	21.04%	20.84%	25.20%	19.48%	21.78%
Operating Margin	9.35%	8.16%	12.86%	9.21%	10.61%
Profit Margin	7.42%	7.52%	12.10%	9.29%	10.47%
Free Cash Flow Margin	11.89%	9.97%	9.46%	0.72%	3.43%
EBITDA	454.89	338.11	395.48	303.84	320.67
EBITDA Margin	12.13%	10.70%	15.18%	11.28%	12.55%
D&A For EBITDA	104.29	80.39	60.3	55.7	49.59
EBIT	350.6	257.72	335.18	248.14	271.08
EBIT Margin	9.35%	8.16%	12.86%	9.21%	10.61%
Effective Tax Rate	18.30%	13.68%	11.34%	9.40%	10.58%
Revenue as Reported	-	3,159	2,606	2,694	2,556
Advertising Expenses	-	11.66	10.96	6.04	6.14

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