SHE:300049 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	1,587	1,342	1,147	1,001	891.56
Other Revenue	8.35	7.49	6.9	7.37	6.93
Revenue	1,595	1,349	1,154	1,009	898.48
Revenue Growth (YoY)	18.26%	16.93%	14.37%	12.27%	11.26%
Cost of Revenue	400.35	350.73	291.39	267.67	239.14
Gross Profit	1,195	998.28	862.34	741.09	659.34
Selling, General & Admin	675.19	584.24	527.56	474.49	405.7
Research & Development	111.2	99.49	82.47	70.82	64.79
Other Operating Expenses	10.99	7.88	10.43	10.79	12.5
Operating Expenses	795.48	711.39	622	562.68	491.94
Operating Income	399.56	286.89	240.34	178.41	167.4
Interest Expense	-3.22	-2.77	-0.9	-1.58	-2.33
Interest & Investment Income	19.29	16.07	12.38	9.73	10.54
Currency Exchange Gain (Loss)	-32.29	10.37	-2.31	7.93	16.48
Other Non Operating Income (Expenses)	-0.48	-2.03	4.08	-1.28	-0.26
EBT Excluding Unusual Items	382.85	308.53	253.59	193.21	191.83
Impairment of Goodwill	-25.59	-7.7	-	-	-
Gain (Loss) on Sale of Investments	16.83	-23.11	-	-	-
Gain (Loss) on Sale of Assets	0.38	-0.31	-0.82	-1.86	-3.46
Asset Writedown	-6.95	-0	-4.71	-0	-
Legal Settlements	-5.54	-	-	-	-
Other Unusual Items	-11.42	-6.86	-12.66	0.29	0.77
Pretax Income	350.56	270.55	235.4	191.63	189.14
Income Tax Expense	92.14	74.67	58.29	46.22	41.1
Earnings From Continuing Operations	258.42	195.88	177.11	145.41	148.04
Minority Interest in Earnings	-104.33	-82.59	-75.55	-47.52	-52.57
Net Income	154.09	113.29	101.56	97.89	95.47
Net Income to Common	154.09	113.29	101.56	97.89	95.47
Net Income Growth	36.02%	11.54%	3.75%	2.54%	54.22%
Shares Outstanding (Basic)	266	263	263	263	260
Shares Outstanding (Diluted)	266	263	263	263	260
Shares Change (YoY)	0.84%	0.15%	-0.01%	1.30%	1.31%
EPS (Basic)	0.58	0.43	0.39	0.37	0.37
EPS (Diluted)	0.58	0.43	0.39	0.37	0.37
EPS Growth	34.88%	11.37%	3.76%	1.22%	52.22%
Free Cash Flow	162.51	2.44	115.66	98.69	142.94
Free Cash Flow Per Share	0.61	0.01	0.44	0.38	0.55
Dividend Per Share	0.015	-	-	0.200	-
Gross Margin	74.91%	74.00%	74.74%	73.47%	73.38%
Operating Margin	25.05%	21.27%	20.83%	17.69%	18.63%
Profit Margin	9.66%	8.40%	8.80%	9.70%	10.63%
Free Cash Flow Margin	10.19%	0.18%	10.03%	9.78%	15.91%
EBITDA	478.34	359.08	307.52	236.39	221.12
EBITDA Margin	29.98%	26.62%	26.65%	23.43%	24.61%
D&A For EBITDA	78.78	72.19	67.18	57.98	53.71
EBIT	399.56	286.89	240.34	178.41	167.4
EBIT Margin	25.05%	21.27%	20.83%	17.69%	18.63%
Effective Tax Rate	26.28%	27.60%	24.76%	24.12%	21.73%
Revenue as Reported	1,595	1,349	1,154	1,009	898.48
Advertising Expenses	3.13	3.34	4.76	9.83	9.3

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