SHE:300346 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	2,494	2,460	2,229	1,648	1,489	951.41
Other Revenue	125.64	125.64	122.66	54.85	92.45	33.03
Revenue	2,620	2,585	2,352	1,703	1,581	984.45
Revenue Growth (YoY)	6.06%	9.93%	38.08%	7.72%	60.62%	65.46%
Cost of Revenue	1,640	1,627	1,438	991.18	894.08	620.4
Gross Profit	979.36	958.72	914.07	712.08	687.15	364.04
Selling, General & Admin	299	297.21	284.43	261.15	289.34	181.31
Research & Development	208.26	207.33	213.05	194.47	175.95	58.48
Other Operating Expenses	9.98	3.06	-14.56	12.88	14.86	9.89
Operating Expenses	531.94	512.77	500.67	470.56	483.07	250.25
Operating Income	447.41	445.95	413.41	241.52	204.07	113.8
Interest Expense	-27.37	-28.47	-55.42	-60.3	-31.84	-14.64
Interest & Investment Income	56.56	69.69	62.39	38.57	22.17	11.28
Currency Exchange Gain (Loss)	-5.24	-5.24	2.76	1.83	5.1	-1.68
Other Non Operating Income (Expenses)	-13.65	-8.65	-4.4	-1.73	-0.7	-0.62
EBT Excluding Unusual Items	457.71	473.29	418.73	219.89	198.81	108.13
Impairment of Goodwill	-31.39	-31.39	-41.5	-	-	-
Gain (Loss) on Sale of Investments	8.72	-2.5	-2.81	9.82	6.12	7.77
Gain (Loss) on Sale of Assets	-0.52	-0.65	-1.75	-3.82	-2.9	-
Asset Writedown	-41.35	-70.92	-40.08	-33.1	-20.08	-4.86
Other Unusual Items	103.84	101.45	102.53	119.31	95.8	81.82
Pretax Income	497.02	469.27	435.13	312.09	277.76	192.86
Income Tax Expense	70.9	65.61	63.21	38.05	23.03	9.71
Earnings From Continuing Operations	426.12	403.66	371.92	274.04	254.73	183.16
Minority Interest in Earnings	-77.73	-83.9	-100.94	-62.58	-68.02	-46.93
Net Income	348.4	319.76	270.98	211.46	186.71	136.23
Net Income to Common	348.4	319.76	270.98	211.46	186.71	136.23
Net Income Growth	22.49%	18.00%	28.15%	13.26%	37.06%	56.55%
Shares Outstanding (Basic)	697	695	661	651	659	629
Shares Outstanding (Diluted)	697	695	661	651	659	629
Shares Change (YoY)	4.44%	5.17%	1.58%	-1.28%	4.84%	1.86%
EPS (Basic)	0.50	0.46	0.41	0.33	0.28	0.22
EPS (Diluted)	0.50	0.46	0.41	0.33	0.28	0.22
EPS Growth	17.28%	12.20%	26.15%	14.72%	30.73%	53.69%
Free Cash Flow	516.6	562.49	425.5	358.64	-304.26	-401.77
Free Cash Flow Per Share	0.74	0.81	0.64	0.55	-0.46	-0.64
Dividend Per Share	0.460	0.460	0.125	0.071	0.058	0.032
Dividend Growth	268.00%	268.00%	76.55%	21.44%	81.62%	25.39%
Gross Margin	37.39%	37.08%	38.87%	41.81%	43.46%	36.98%
Operating Margin	17.08%	17.25%	17.58%	14.18%	12.91%	11.56%
Profit Margin	13.30%	12.37%	11.52%	12.41%	11.81%	13.84%
Free Cash Flow Margin	19.72%	21.76%	18.09%	21.06%	-19.24%	-40.81%
EBITDA	780.65	781.33	757.4	514.44	422.43	266.38
EBITDA Margin	29.80%	30.22%	32.20%	30.20%	26.71%	27.06%
D&A For EBITDA	333.23	335.38	343.99	272.92	218.35	152.58
EBIT	447.41	445.95	413.41	241.52	204.07	113.8
EBIT Margin	17.08%	17.25%	17.58%	14.18%	12.91%	11.56%
Effective Tax Rate	14.26%	13.98%	14.53%	12.19%	8.29%	5.03%
Revenue as Reported	2,620	2,585	2,352	1,703	1,581	984.45
Advertising Expenses	-	0.87	1.33	0.44	0.08	0.1

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.