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	3,371	3,045	2,684	2,063	1,987
Other Revenue	27.56	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	2,004	1,820	1,527	1,075	969.26
Gross Profit	1,395	1,250	1,182	1,010	1,038
Selling, General & Admin	708.73	640.33	584.43	486.89	529.17
Research & Development	251.74	196.04	172.47	132.1	116.64
Other Operating Expenses	23.11	21.89	20.04	20.4	18.97
Operating Expenses	1,012	874.82	803.78	659.1	682.72
Operating Income	382.25	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)	-0.14	0.78	0.51	0.41	-0.28
Other Non Operating Income (Expenses)	-7.6	-5.59	-6.12	0.43	-3.21
EBT Excluding Unusual Items	376.06	353.12	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	-1.3	-0.14	-0.47	-0.11	-9.1
Other Unusual Items	16.27	26.04	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	0.400	0.300	0.400	0.300	0.350
Dividend Growth	33.33%	-25.00%	33.33%	-14.29%	-12.50%
Gross Margin	41.04%	40.71%	43.65%	48.44%	51.71%
Operating Margin	11.25%	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	592.74	569.07	517.4	457.89	439.13
EBITDA Margin	17.44%	18.54%	19.10%	21.97%	21.88%
D&A For EBITDA	210.49	194.03	138.76	107.45	83.97
EBIT	382.25	375.04	378.65	350.43	355.16
EBIT Margin	11.25%	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	16.17	13.04	7.44	6.64	7.72

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