SHE:300049 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	Jan '22 Jan 1, 2022
Operating Revenue	1,617	1,587	1,342	1,147	1,001	891.56
Other Revenue	8.35	8.35	7.49	6.9	7.37	6.93
Revenue	1,625	1,595	1,349	1,154	1,009	898.48
Revenue Growth (YoY)	19.79%	18.26%	16.93%	14.37%	12.27%	11.26%
Cost of Revenue	414	400.35	350.73	291.39	267.67	239.14
Gross Profit	1,211	1,195	998.28	862.34	741.09	659.34
Selling, General & Admin	677.94	675.19	584.24	527.56	474.49	405.7
Research & Development	120.55	111.2	99.49	82.47	70.82	64.79
Other Operating Expenses	10.77	10.99	7.88	10.43	10.79	12.5
Operating Expenses	809.18	795.48	711.39	622	562.68	491.94
Operating Income	401.95	399.56	286.89	240.34	178.41	167.4
Interest Expense	-3.49	-3.22	-2.77	-0.9	-1.58	-2.33
Interest & Investment Income	17.64	19.29	16.07	12.38	9.73	10.54
Currency Exchange Gain (Loss)	-32.29	-32.29	10.37	-2.31	7.93	16.48
Other Non Operating Income (Expenses)	14.03	-0.48	-2.03	4.08	-1.28	-0.26
EBT Excluding Unusual Items	397.84	382.85	308.53	253.59	193.21	191.83
Impairment of Goodwill	-25.59	-25.59	-7.7	-	-	-
Gain (Loss) on Sale of Investments	14.8	16.83	-23.11	-	-	-
Gain (Loss) on Sale of Assets	0.38	0.38	-0.31	-0.82	-1.86	-3.46
Asset Writedown	-6.95	-6.95	-0	-4.71	-0	-
Legal Settlements	-5.54	-5.54	-	-	-	-
Other Unusual Items	-11.42	-11.42	-6.86	-12.66	0.29	0.77
Pretax Income	363.52	350.56	270.55	235.4	191.63	189.14
Income Tax Expense	94.66	92.14	74.67	58.29	46.22	41.1
Earnings From Continuing Operations	268.87	258.42	195.88	177.11	145.41	148.04
Minority Interest in Earnings	-111.62	-104.33	-82.59	-75.55	-47.52	-52.57
Net Income	157.25	154.09	113.29	101.56	97.89	95.47
Net Income to Common	157.25	154.09	113.29	101.56	97.89	95.47
Net Income Growth	58.51%	36.02%	11.54%	3.75%	2.54%	54.22%
Shares Outstanding (Basic)	267	266	263	263	263	260
Shares Outstanding (Diluted)	267	266	263	263	263	260
Shares Change (YoY)	1.54%	0.84%	0.15%	-0.01%	1.30%	1.31%
EPS (Basic)	0.59	0.58	0.43	0.39	0.37	0.37
EPS (Diluted)	0.59	0.58	0.43	0.39	0.37	0.37
EPS Growth	56.10%	34.88%	11.37%	3.76%	1.22%	52.22%
Free Cash Flow	185.4	162.51	2.44	115.66	98.69	142.94
Free Cash Flow Per Share	0.69	0.61	0.01	0.44	0.38	0.55
Dividend Per Share	0.015	0.015	-	-	0.200	-
Gross Margin	74.52%	74.91%	74.00%	74.74%	73.47%	73.38%
Operating Margin	24.73%	25.05%	21.27%	20.83%	17.69%	18.63%
Profit Margin	9.68%	9.66%	8.40%	8.80%	9.70%	10.63%
Free Cash Flow Margin	11.41%	10.19%	0.18%	10.03%	9.78%	15.91%
EBITDA	482.37	478.34	359.08	307.52	236.39	221.12
EBITDA Margin	29.68%	29.98%	26.62%	26.65%	23.43%	24.61%
D&A For EBITDA	80.43	78.78	72.19	67.18	57.98	53.71
EBIT	401.95	399.56	286.89	240.34	178.41	167.4
EBIT Margin	24.73%	25.05%	21.27%	20.83%	17.69%	18.63%
Effective Tax Rate	26.04%	26.28%	27.60%	24.76%	24.12%	21.73%
Revenue as Reported	1,625	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.