SHE:300119 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	3,398	3,045	2,684	2,063	1,987
Other Revenue	-	25.33	24.98	21.44	20.23
Revenue	3,398	3,070	2,709	2,084	2,007
Revenue Growth (YoY)	10.70%	13.32%	29.98%	3.84%	0.34%
Cost of Revenue	1,996	1,820	1,527	1,075	969.26
Gross Profit	1,403	1,250	1,182	1,010	1,038
Selling, General & Admin	708.73	640.33	584.43	486.89	529.17
Research & Development	253.02	196.04	172.47	132.1	116.64
Other Operating Expenses	-0.76	21.89	20.04	20.4	18.97
Operating Expenses	995.58	874.82	803.78	659.1	682.72
Operating Income	407.22	375.04	378.65	350.43	355.16
Interest Expense	-35.16	-31.21	-25.42	-28.43	-23.82
Interest & Investment Income	36.71	14.11	20.81	15.25	24.27
Currency Exchange Gain (Loss)	-	0.78	0.51	0.41	-0.28
Other Non Operating Income (Expenses)	-10.88	-4.63	-6.12	0.43	-3.21
EBT Excluding Unusual Items	397.89	354.08	368.42	338.1	352.12
Gain (Loss) on Sale of Investments	75.83	-10.71	61.26	51.38	113.8
Gain (Loss) on Sale of Assets	3.82	-0.02	114.09	-0.01	0.1
Asset Writedown	-6.85	-0.14	-0.47	-0.11	-9.1
Other Unusual Items	-	25.07	27.89	22.16	30.88
Pretax Income	470.69	368.29	571.19	413.81	487.79
Income Tax Expense	36.22	38.46	56.18	40.04	54.2
Earnings From Continuing Operations	434.47	329.83	515	373.77	433.59
Minority Interest in Earnings	-33.96	-29.11	-61.41	-27.07	-20.81
Net Income	400.51	300.72	453.59	346.7	412.78
Net Income to Common	400.51	300.72	453.59	346.7	412.78
Net Income Growth	33.18%	-33.70%	30.83%	-16.01%	3.66%
Shares Outstanding (Basic)	454	460	464	463	402
Shares Outstanding (Diluted)	454	460	464	463	402
Shares Change (YoY)	-1.29%	-0.69%	0.11%	15.06%	1.61%
EPS (Basic)	0.88	0.65	0.98	0.75	1.03
EPS (Diluted)	0.88	0.65	0.98	0.75	1.03
EPS Growth	34.93%	-33.24%	30.69%	-27.00%	2.02%
Free Cash Flow	121.43	550.21	158.47	17.05	76.75
Free Cash Flow Per Share	0.27	1.20	0.34	0.04	0.19
Dividend Per Share	-	0.300	0.400	0.300	0.350
Dividend Growth	-	-25.00%	33.33%	-14.29%	-12.50%
Gross Margin	41.28%	40.71%	43.65%	48.44%	51.71%
Operating Margin	11.98%	12.22%	13.98%	16.81%	17.70%
Profit Margin	11.79%	9.80%	16.74%	16.63%	20.57%
Free Cash Flow Margin	3.57%	17.92%	5.85%	0.82%	3.82%
EBITDA	619.37	567.43	517.4	457.89	439.13
EBITDA Margin	18.22%	18.48%	19.10%	21.97%	21.88%
D&A For EBITDA	212.15	192.39	138.76	107.45	83.97
EBIT	407.22	375.04	378.65	350.43	355.16
EBIT Margin	11.98%	12.22%	13.98%	16.81%	17.70%
Effective Tax Rate	7.70%	10.44%	9.84%	9.68%	11.11%
Revenue as Reported	3,398	3,070	2,709	2,084	2,007
Advertising Expenses	-	13.04	7.44	6.64	7.72

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