SHE:300181 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	3,104	3,031	2,569	1,937	1,787	1,450
Other Revenue	9.77	9.77	8.95	5.2	18.23	7.26
Revenue	3,114	3,041	2,578	1,942	1,805	1,457
Revenue Growth (YoY)	14.10%	17.96%	32.71%	7.61%	23.86%	33.60%
Cost of Revenue	1,181	1,178	1,019	616.36	534.65	420.35
Gross Profit	1,934	1,863	1,559	1,326	1,271	1,037
Selling, General & Admin	1,140	1,090	949.08	874.18	921.45	794.25
Research & Development	66.61	69.42	71.94	79.38	64.43	45.63
Other Operating Expenses	-54.64	-54.55	-58.7	-49.99	-42.32	-28.31
Operating Expenses	1,155	1,112	968.57	904.42	948.8	812.78
Operating Income	778.39	750.52	590.51	421.66	321.71	224.26
Interest Expense	-15.79	-14.44	-9.29	-7.62	-8.32	-12.07
Interest & Investment Income	3.93	4.78	15.95	22	4.64	4.41
Currency Exchange Gain (Loss)	-0	-0	0	0	-0	-
Other Non Operating Income (Expenses)	1.81	-0.23	-0.47	0.18	-0.01	-1.13
EBT Excluding Unusual Items	768.35	740.63	596.7	436.21	318.02	215.47
Gain (Loss) on Sale of Investments	-4	-3.46	-0.66	-0.1	0.08	0.52
Gain (Loss) on Sale of Assets	0.58	0.59	0.35	0.28	-9.71	-1.92
Asset Writedown	-4.63	-1.7	-8.06	-0.53	-	-
Other Unusual Items	19.24	19.61	8.36	10.78	15.74	8.24
Pretax Income	779.54	755.67	596.69	446.64	324.12	222.31
Income Tax Expense	118.48	113.23	80.73	55.88	38.6	30.33
Earnings From Continuing Operations	661.06	642.44	515.96	390.76	285.52	191.98
Net Income to Company	661.06	642.44	515.96	390.76	285.52	191.98
Minority Interest in Earnings	-10.69	-10.5	-8.19	-7.83	-12.51	-12.58
Net Income	650.37	631.93	507.77	382.94	273.01	179.41
Net Income to Common	650.37	631.93	507.77	382.94	273.01	179.41
Net Income Growth	19.01%	24.45%	32.60%	40.27%	52.17%	102.03%
Shares Outstanding (Basic)	687	687	696	696	607	619
Shares Outstanding (Diluted)	694	694	696	696	607	619
Shares Change (YoY)	-0.16%	-0.17%	-0.10%	14.76%	-1.93%	1.64%
EPS (Basic)	0.95	0.92	0.73	0.55	0.45	0.29
EPS (Diluted)	0.94	0.91	0.73	0.55	0.45	0.29
EPS Growth	19.19%	24.66%	32.73%	22.22%	55.17%	98.77%
Free Cash Flow	355.75	124.66	34.16	156.75	140.56	103.84
Free Cash Flow Per Share	0.51	0.18	0.05	0.23	0.23	0.17
Dividend Per Share	0.350	0.350	0.600	0.450	0.300	0.200
Dividend Growth	-41.67%	-41.67%	33.33%	50.00%	50.00%	100.00%
Gross Margin	62.09%	61.25%	60.48%	68.27%	70.38%	71.16%
Operating Margin	25.00%	24.68%	22.91%	21.71%	17.82%	15.39%
Profit Margin	20.89%	20.78%	19.70%	19.71%	15.12%	12.31%
Free Cash Flow Margin	11.42%	4.10%	1.32%	8.07%	7.79%	7.12%
EBITDA	854.98	825.44	658.75	483.23	378.43	277.87
EBITDA Margin	27.46%	27.15%	25.55%	24.88%	20.96%	19.07%
D&A For EBITDA	76.59	74.92	68.24	61.58	56.72	53.61
EBIT	778.39	750.52	590.51	421.66	321.71	224.26
EBIT Margin	25.00%	24.68%	22.91%	21.71%	17.82%	15.39%
Effective Tax Rate	15.20%	14.98%	13.53%	12.51%	11.91%	13.64%
Revenue as Reported	3,114	3,041	2,578	1,942	1,805	1,457
Advertising Expenses	-	736.24	633.38	15.71	675.37	528.45

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