SHE:300037 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	10,950	9,591	7,819	7,455	9,559	6,796
Other Revenue	48.38	48.38	27.5	29.01	101.27	154.95
Revenue	10,998	9,639	7,847	7,484	9,661	6,951
Revenue Growth (YoY)	31.97%	22.84%	4.85%	-22.53%	38.98%	134.76%
Cost of Revenue	8,377	7,343	5,808	5,338	6,590	4,495
Gross Profit	2,621	2,297	2,039	2,146	3,071	2,456
Selling, General & Admin	625.49	578.3	499.42	495.53	504.49	516.31
Research & Development	525.43	501.87	392.85	485.13	537.27	407.22
Other Operating Expenses	11.57	-6.78	-6.86	2.04	71.88	48.61
Operating Expenses	1,226	1,137	906.06	1,008	1,100	989.31
Operating Income	1,395	1,160	1,133	1,138	1,971	1,467
Interest Expense	-84.93	-84.93	-67.88	-55.53	-38.5	-26.09
Interest & Investment Income	282.48	175.04	51.31	45.81	63.05	71.38
Currency Exchange Gain (Loss)	22.82	22.82	4.91	22.18	36	-8.14
Other Non Operating Income (Expenses)	-75.06	-1.63	-3.43	-2.98	-2.67	3.02
EBT Excluding Unusual Items	1,540	1,271	1,118	1,148	2,029	1,507
Impairment of Goodwill	-2.33	-2.33	-	-	-	-
Gain (Loss) on Sale of Investments	34.81	20.22	-27.46	0.79	-1.35	1.04
Gain (Loss) on Sale of Assets	0.72	-0.1	-0.08	0.43	-0.03	-0.88
Asset Writedown	-28.37	-34.63	-12.26	-28.27	-2.13	-11.67
Other Unusual Items	6.72	6.72	16.83	43.87	34.02	34.82
Pretax Income	1,552	1,261	1,095	1,165	2,059	1,530
Income Tax Expense	199.07	161.63	142.8	153.86	236.55	165.68
Earnings From Continuing Operations	1,353	1,099	952.09	1,011	1,823	1,364
Minority Interest in Earnings	-4.83	-1.82	-10.04	0.4	-64.35	-57.84
Net Income	1,348	1,097	942.05	1,011	1,758	1,307
Net Income to Common	1,348	1,097	942.05	1,011	1,758	1,307
Net Income Growth	33.87%	16.48%	-6.83%	-42.50%	34.57%	152.36%
Shares Outstanding (Basic)	754	752	748	743	742	738
Shares Outstanding (Diluted)	770	767	779	784	755	742
Shares Change (YoY)	-0.54%	-1.44%	-0.67%	3.85%	1.65%	2.77%
EPS (Basic)	1.79	1.46	1.26	1.36	2.37	1.77
EPS (Diluted)	1.75	1.43	1.21	1.29	2.33	1.76
EPS Growth	34.59%	18.18%	-6.20%	-44.64%	32.39%	145.57%
Free Cash Flow	503.69	196.25	-362.99	1,658	50.18	-149.25
Free Cash Flow Per Share	0.66	0.26	-0.47	2.12	0.07	-0.20
Dividend Per Share	0.500	0.500	0.400	0.600	0.500	0.378
Dividend Growth	25.00%	25.00%	-33.33%	20.00%	32.34%	70.03%
Gross Margin	23.83%	23.83%	25.99%	28.68%	31.79%	35.33%
Operating Margin	12.68%	12.03%	14.44%	15.21%	20.40%	21.10%
Profit Margin	12.26%	11.38%	12.01%	13.51%	18.20%	18.80%
Free Cash Flow Margin	4.58%	2.04%	-4.63%	22.15%	0.52%	-2.15%
EBITDA	1,913	1,663	1,579	1,436	2,207	1,651
EBITDA Margin	17.39%	17.25%	20.12%	19.19%	22.84%	23.75%
D&A For EBITDA	518.03	503.6	445.88	297.79	235.93	184.22
EBIT	1,395	1,160	1,133	1,138	1,971	1,467
EBIT Margin	12.68%	12.03%	14.44%	15.21%	20.40%	21.10%
Effective Tax Rate	12.83%	12.82%	13.04%	13.21%	11.49%	10.83%
Revenue as Reported	9,639	9,639	7,847	7,484	9,661	6,951
Advertising Expenses	-	3.65	3.73	2.1	1.02	1.21

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