SHE:300389 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	4,196	4,134	3,643	3,997	2,782	2,323
Other Revenue	23.86	23.86	19.2	9.08	13.69	4.78
Revenue	4,220	4,158	3,663	4,006	2,796	2,328
Revenue Growth (YoY)	16.45%	13.53%	-8.58%	43.29%	20.09%	41.78%
Cost of Revenue	2,902	2,872	2,678	2,846	1,917	1,756
Gross Profit	1,318	1,286	984.83	1,160	878.98	572.43
Selling, General & Admin	872.31	831.12	758.72	691.11	560.53	467.28
Research & Development	188.82	182.47	166.47	162.2	124.73	107.61
Other Operating Expenses	18.45	19.04	4.9	12.16	4.59	7.19
Operating Expenses	1,076	1,037	930.46	854.84	710.67	583.57
Operating Income	241.62	249.3	54.37	305.39	168.31	-11.14
Interest Expense	-1.37	-1.28	-1.2	-1.69	-2.71	-1.87
Interest & Investment Income	53.21	38.91	20.45	19.92	17.09	13.92
Currency Exchange Gain (Loss)	-9.81	-9.81	25.12	0.73	2.74	-4.21
Other Non Operating Income (Expenses)	-24.09	-6.37	-3.13	-4.7	-2.61	-2.13
EBT Excluding Unusual Items	259.56	270.74	95.61	319.64	182.82	-5.43
Gain (Loss) on Sale of Investments	9.14	-0.96	-0.38	0.16	-0.24	-1.25
Gain (Loss) on Sale of Assets	0.21	0.07	0.23	0.54	2.24	0.54
Asset Writedown	2.55	-1.03	-0.31	-0.2	-0.4	-0.19
Other Unusual Items	12.08	12.08	16.22	17.13	25.37	21.76
Pretax Income	283.54	280.9	111.37	337.27	209.8	15.44
Income Tax Expense	34.82	35.4	8.69	27.81	6.17	-14.33
Earnings From Continuing Operations	248.73	245.5	102.69	309.46	203.63	29.77
Minority Interest in Earnings	6.01	6.37	14.21	6.29	-0.61	0.17
Net Income	254.74	251.87	116.89	315.74	203.02	29.94
Net Income to Common	254.74	251.87	116.89	315.74	203.02	29.94
Net Income Growth	209.38%	115.47%	-62.98%	55.53%	578.03%	-
Shares Outstanding (Basic)	369	369	366	362	340	314
Shares Outstanding (Diluted)	369	369	366	367	342	315
Shares Change (YoY)	0.51%	0.82%	-0.31%	7.43%	8.72%	0.17%
EPS (Basic)	0.69	0.68	0.32	0.87	0.60	0.10
EPS (Diluted)	0.69	0.68	0.32	0.86	0.59	0.10
EPS Growth	207.80%	113.72%	-62.86%	44.77%	523.63%	-
Free Cash Flow	593.44	768.43	74.23	323.78	493.66	173.21
Free Cash Flow Per Share	1.61	2.08	0.20	0.88	1.44	0.55
Dividend Per Share	0.200	0.200	0.150	0.300	1.800	-
Dividend Growth	33.33%	33.33%	-50.00%	-83.33%	-	-
Gross Margin	31.23%	30.94%	26.89%	28.96%	31.44%	24.59%
Operating Margin	5.73%	6.00%	1.48%	7.62%	6.02%	-0.48%
Profit Margin	6.04%	6.06%	3.19%	7.88%	7.26%	1.29%
Free Cash Flow Margin	14.06%	18.48%	2.03%	8.08%	17.66%	7.44%
EBITDA	323.13	331.27	138.2	364.52	224.94	53.41
EBITDA Margin	7.66%	7.97%	3.77%	9.10%	8.04%	2.29%
D&A For EBITDA	81.51	81.97	83.83	59.14	56.63	64.55
EBIT	241.62	249.3	54.37	305.39	168.31	-11.14
EBIT Margin	5.73%	6.00%	1.48%	7.62%	6.02%	-0.48%
Effective Tax Rate	12.28%	12.60%	7.80%	8.25%	2.94%	-
Revenue as Reported	4,220	4,158	3,663	4,006	2,796	2,328

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