SHE:300201 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	1,875	1,701	1,577	1,336	1,012	1,638
Other Revenue	19.11	19.11	14.45	16.18	12.15	28.3
Revenue	1,894	1,720	1,591	1,352	1,024	1,666
Revenue Growth (YoY)	10.54%	8.07%	17.70%	32.03%	-38.52%	-18.16%
Cost of Revenue	1,280	1,162	1,053	912.29	697.42	1,201
Gross Profit	614.41	558.01	538.69	439.9	326.75	464.8
Selling, General & Admin	225.71	216.64	206.22	190.94	150.79	151.87
Research & Development	48.89	42.63	64.87	50.43	44.32	66.23
Other Operating Expenses	5.69	2.91	14.59	10.98	9.94	4.99
Operating Expenses	267.01	244.29	298.07	257.71	214.6	264.38
Operating Income	347.4	313.72	240.63	182.19	112.16	200.42
Interest Expense	-8.63	-7.08	-6.47	-6.35	-7.97	-17.46
Interest & Investment Income	39.52	39.92	4.61	54.99	3.44	25.71
Currency Exchange Gain (Loss)	-0.04	-0.04	-0.73	0.04	0	-0.01
Other Non Operating Income (Expenses)	-3.5	-3.64	0.42	3.14	-26.96	-96.6
EBT Excluding Unusual Items	374.15	342.89	238.47	234.01	80.68	112.07
Impairment of Goodwill	-	-	-	-	-1.14	-
Gain (Loss) on Sale of Investments	-	-	-4.56	-17.05	-0.04	-39.38
Gain (Loss) on Sale of Assets	2.09	2.82	4.38	0	-0.42	-3.9
Asset Writedown	-0.01	-0.01	-0.01	-0.1	0.54	-2.34
Legal Settlements	0.04	0.04	-0.04	-0.68	-0.45	-6.63
Other Unusual Items	3.97	4.01	15.89	11.08	2.51	11
Pretax Income	380.24	349.74	254.14	227.27	81.67	70.82
Income Tax Expense	45.85	38.82	29.27	23.18	8.93	-60.38
Earnings From Continuing Operations	334.38	310.92	224.87	204.08	72.74	131.19
Minority Interest in Earnings	-10.98	-1.88	-1.23	1.78	-0.01	-0.53
Net Income	323.4	309.04	223.64	205.86	72.73	130.67
Net Income to Common	323.4	309.04	223.64	205.86	72.73	130.67
Net Income Growth	40.81%	38.19%	8.64%	183.05%	-44.34%	-
Shares Outstanding (Basic)	995	988	988	1,035	1,040	1,041
Shares Outstanding (Diluted)	995	988	988	1,035	1,040	1,041
Shares Change (YoY)	1.83%	0.01%	-4.52%	-0.53%	-0.07%	0.01%
EPS (Basic)	0.33	0.31	0.23	0.20	0.07	0.13
EPS (Diluted)	0.33	0.31	0.23	0.20	0.07	0.13
EPS Growth	38.28%	38.18%	13.78%	184.55%	-44.30%	-
Free Cash Flow	210.87	455.44	-73.44	327.12	28.87	-48.79
Free Cash Flow Per Share	0.21	0.46	-0.07	0.32	0.03	-0.05
Dividend Per Share	0.030	0.030	0.030	0.035	-	-
Dividend Growth	-	-	-14.29%	-	-	-
Gross Margin	32.43%	32.44%	33.85%	32.53%	31.90%	27.90%
Operating Margin	18.34%	18.24%	15.12%	13.47%	10.95%	12.03%
Profit Margin	17.07%	17.97%	14.05%	15.22%	7.10%	7.84%
Free Cash Flow Margin	11.13%	26.48%	-4.61%	24.19%	2.82%	-2.93%
EBITDA	385.36	350.43	272.35	216.81	149.03	240.91
EBITDA Margin	20.34%	20.38%	17.11%	16.03%	14.55%	14.46%
D&A For EBITDA	37.96	36.71	31.73	34.62	36.88	40.48
EBIT	347.4	313.72	240.63	182.19	112.16	200.42
EBIT Margin	18.34%	18.24%	15.12%	13.47%	10.95%	12.03%
Effective Tax Rate	12.06%	11.10%	11.52%	10.20%	10.93%	-
Revenue as Reported	1,894	1,720	1,591	-	1,024	1,666
Advertising Expenses	-	3.39	2.7	4.76	1.74	2.19

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