SHE:300316 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	9,529	10,938	16,730	17,049	10,095	5,585
Other Revenue	419.75	419.75	846.87	934.55	543.56	376.09
Revenue	9,949	11,357	17,577	17,983	10,638	5,961
Revenue Growth (YoY)	-38.60%	-35.38%	-2.26%	69.04%	78.45%	56.44%
Cost of Revenue	7,909	8,961	12,676	10,752	6,499	3,635
Gross Profit	2,041	2,396	4,900	7,231	4,139	2,326
Selling, General & Admin	616.48	581.08	597.04	492.18	331.1	230.1
Research & Development	965.27	954.98	1,119	1,145	796.33	353.58
Other Operating Expenses	51.42	-94.36	-75.76	-230.02	-267.17	-164.91
Operating Expenses	1,754	1,543	1,856	1,510	965.63	471.79
Operating Income	286.46	853	3,044	5,722	3,173	1,855
Interest Expense	-39.37	-39.58	-56.25	-51.96	-11.04	-4.72
Interest & Investment Income	154.27	167.05	74.04	83.96	131.64	81.91
Currency Exchange Gain (Loss)	-20.37	-20.37	-21.75	-9.17	-6.68	-8.6
Other Non Operating Income (Expenses)	-6.23	-0.03	-34.75	-3.85	-1.06	-4.43
EBT Excluding Unusual Items	374.75	960.07	3,005	5,741	3,286	1,919
Gain (Loss) on Sale of Investments	17.37	19.08	-8.05	32.45	44.59	-
Gain (Loss) on Sale of Assets	0.53	0.5	-7.61	-3.43	-30.45	34.01
Asset Writedown	11.61	-0.72	-	6.02	-27.27	-3.2
Other Unusual Items	176.59	153.41	80.62	179.33	146.04	34.64
Pretax Income	580.85	1,132	3,070	5,955	3,419	1,984
Income Tax Expense	185.48	273.34	405.84	641.98	339.87	255.88
Earnings From Continuing Operations	395.37	859	2,664	5,313	3,079	1,728
Minority Interest in Earnings	19.01	25.74	-154.75	-755.49	-154.84	-16.54
Net Income	414.38	884.73	2,510	4,558	2,924	1,712
Net Income to Common	414.38	884.73	2,510	4,558	2,924	1,712
Net Income Growth	-79.41%	-64.75%	-44.93%	55.85%	70.84%	99.46%
Shares Outstanding (Basic)	1,302	1,307	1,307	1,306	1,294	1,287
Shares Outstanding (Diluted)	1,302	1,307	1,307	1,306	1,294	1,287
Shares Change (YoY)	-0.32%	0.02%	0.10%	0.92%	0.54%	0.48%
EPS (Basic)	0.32	0.68	1.92	3.49	2.26	1.33
EPS (Diluted)	0.32	0.68	1.92	3.49	2.26	1.33
EPS Growth	-79.35%	-64.75%	-44.99%	54.43%	69.92%	98.51%
Free Cash Flow	-255.79	179.73	128.14	613.06	-1,010	958.75
Free Cash Flow Per Share	-0.20	0.14	0.10	0.47	-0.78	0.74
Dividend Per Share	0.150	0.150	0.400	0.700	0.450	0.280
Dividend Growth	-62.50%	-62.50%	-42.86%	55.56%	60.71%	107.41%
Gross Margin	20.51%	21.10%	27.88%	40.21%	38.91%	39.02%
Operating Margin	2.88%	7.51%	17.32%	31.82%	29.83%	31.11%
Profit Margin	4.17%	7.79%	14.28%	25.34%	27.49%	28.71%
Free Cash Flow Margin	-2.57%	1.58%	0.73%	3.41%	-9.49%	16.08%
EBITDA	1,035	1,585	3,713	6,181	3,515	1,993
EBITDA Margin	10.40%	13.96%	21.13%	34.37%	33.04%	33.43%
D&A For EBITDA	748.17	732.37	669.19	459.62	341.33	138.6
EBIT	286.46	853	3,044	5,722	3,173	1,855
EBIT Margin	2.88%	7.51%	17.32%	31.82%	29.83%	31.11%
Effective Tax Rate	31.93%	24.14%	13.22%	10.78%	9.94%	12.90%
Revenue as Reported	9,949	11,357	17,577	17,983	10,638	5,961
Advertising Expenses	-	6.18	4.98	5.36	1.56	2.26

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