SHE:300373 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	7,509	6,958	5,892	5,286	5,351	4,344
Other Revenue	171.81	171.81	141.73	124	52.28	52.87
Revenue	7,681	7,130	6,033	5,410	5,404	4,397
Revenue Growth (YoY)	22.22%	18.18%	11.53%	0.12%	22.90%	68.00%
Cost of Revenue	5,069	4,756	4,090	3,832	3,488	2,879
Gross Profit	2,611	2,374	1,943	1,577	1,916	1,518
Selling, General & Admin	729.98	680.78	583.52	541.12	442.12	374.37
Research & Development	492.01	471.06	423.47	355.85	292.7	241.84
Other Operating Expenses	-69.09	-57.63	-67.89	-16.48	15.95	14.1
Operating Expenses	1,159	1,096	959.68	897.95	761.33	646.73
Operating Income	1,452	1,278	983.44	679.46	1,154	870.89
Interest Expense	-67.15	-67.15	-52.39	-35.51	-17.22	-11.51
Interest & Investment Income	193.56	189.08	205.27	153.84	36.39	58.19
Currency Exchange Gain (Loss)	-58.9	-58.9	32.57	56.15	11.5	-0.67
Other Non Operating Income (Expenses)	-59.18	-3.22	-11.44	-3.22	3.49	-1.42
EBT Excluding Unusual Items	1,460	1,338	1,157	850.72	1,188	915.48
Impairment of Goodwill	-21.49	-21.49	-11.91	-1.26	-0.11	-0.34
Gain (Loss) on Sale of Investments	99.07	96.82	0.13	185.92	42	3.51
Gain (Loss) on Sale of Assets	-0.06	2.57	2.93	1.49	0.34	2.83
Asset Writedown	8.28	-4.58	-0.69	-0.87	-2.25	-3.89
Other Unusual Items	9.54	9.12	22.18	5.35	22.03	-13.86
Pretax Income	1,556	1,420	1,170	1,041	1,250	943.11
Income Tax Expense	201.27	175.17	169.48	119.8	156.76	117.59
Earnings From Continuing Operations	1,354	1,245	1,001	921.55	1,094	825.51
Minority Interest in Earnings	16.18	13.51	1.83	2.37	-33.56	-57.41
Net Income	1,371	1,259	1,002	923.93	1,060	768.1
Net Income to Common	1,371	1,259	1,002	923.93	1,060	768.1
Net Income Growth	25.17%	25.55%	8.50%	-12.85%	38.02%	103.06%
Shares Outstanding (Basic)	539	540	542	531	512	509
Shares Outstanding (Diluted)	539	540	542	531	512	509
Shares Change (YoY)	-0.44%	-0.31%	2.05%	3.68%	0.68%	7.58%
EPS (Basic)	2.54	2.33	1.85	1.74	2.07	1.51
EPS (Diluted)	2.54	2.33	1.85	1.74	2.07	1.51
EPS Growth	25.73%	25.95%	6.32%	-15.94%	37.09%	88.75%
Free Cash Flow	546.98	684.61	528.45	442.74	-38.78	-456.54
Free Cash Flow Per Share	1.01	1.27	0.97	0.83	-0.08	-0.90
Dividend Per Share	0.920	0.920	0.660	0.600	0.500	0.220
Dividend Growth	39.39%	39.39%	10.00%	20.00%	127.27%	46.67%
Gross Margin	34.00%	33.29%	32.21%	29.16%	35.45%	34.52%
Operating Margin	18.90%	17.92%	16.30%	12.56%	21.36%	19.81%
Profit Margin	17.84%	17.65%	16.61%	17.08%	19.62%	17.47%
Free Cash Flow Margin	7.12%	9.60%	8.76%	8.18%	-0.72%	-10.38%
EBITDA	2,069	1,886	1,556	1,209	1,492	1,071
EBITDA Margin	26.94%	26.45%	25.79%	22.35%	27.60%	24.37%
D&A For EBITDA	617.2	608.21	572.26	529.57	337.27	200.58
EBIT	1,452	1,278	983.44	679.46	1,154	870.89
EBIT Margin	18.90%	17.92%	16.30%	12.56%	21.36%	19.81%
Effective Tax Rate	12.94%	12.33%	14.48%	11.50%	12.54%	12.47%
Revenue as Reported	7,681	7,130	6,033	5,410	5,404	4,397
Advertising Expenses	-	9.59	7.24	7.38	7.35	2.04

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