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	Sep '26 Sep 30, 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	4,277	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	4,301	4,158	3,663	4,006	2,796	2,328
Revenue Growth	12.70%	13.53%	-8.58%	43.29%	20.09%	41.78%
Cost of Revenue	2,856	2,872	2,678	2,846	1,917	1,756
Gross Profit	1,445	1,286	984.83	1,160	878.98	572.43
Selling, General & Admin	891.42	831.12	758.72	691.11	560.53	467.28
Research & Development	191.98	182.47	166.47	162.2	124.73	107.61
Other Operating Expenses	12.45	19.04	4.9	12.16	4.59	7.19
Operating Expenses	1,094	1,037	930.46	854.84	710.67	583.57
Operating Income	350.95	249.3	54.37	305.39	168.31	-11.14
Interest Expense	-0.25	-1.28	-1.2	-1.69	-2.71	-1.87
Interest & Investment Income	38.82	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)	-23.29	-6.37	-3.13	-4.7	-2.61	-2.13
EBT Excluding Unusual Items	356.41	270.74	95.61	319.64	182.82	-5.43
Gain (Loss) on Sale of Investments	-2.93	-0.96	-0.38	0.16	-0.24	-1.25
Gain (Loss) on Sale of Assets	0.31	0.07	0.23	0.54	2.24	0.54
Asset Writedown	-2.43	-1.03	-0.31	-0.2	-0.4	-0.19
Other Unusual Items	11.08	12.08	16.22	17.13	25.37	21.76
Pretax Income	362.44	280.9	111.37	337.27	209.8	15.44
Income Tax Expense	50.28	35.4	8.69	27.81	6.17	-14.33
Earnings From Continuing Operations	312.16	245.5	102.69	309.46	203.63	29.77
Minority Interest in Earnings	5.99	6.37	14.21	6.29	-0.61	0.17
Net Income	318.16	251.87	116.89	315.74	203.02	29.94
Net Income to Common	318.16	251.87	116.89	315.74	203.02	29.94
Net Income Growth	72.57%	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	-0.72%	0.82%	-0.31%	7.43%	8.72%	0.17%
EPS (Basic)	0.86	0.68	0.32	0.87	0.60	0.10
EPS (Diluted)	0.86	0.68	0.32	0.86	0.59	0.10
EPS Growth	73.82%	113.72%	-62.86%	44.77%	523.63%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	45.78	768.43	74.23	323.78	493.66	173.21
Free Cash Flow Per Share	0.12	2.08	0.20	0.88	1.44	0.55
Dividend Per Share	-	0.200	0.150	0.300	1.800	-
Dividend Growth	-	33.33%	-50.00%	-83.33%	-	-
Gross Margin	33.60%	30.94%	26.89%	28.96%	31.44%	24.59%
Operating Margin	8.16%	6.00%	1.48%	7.62%	6.02%	-0.48%
Profit Margin	7.40%	6.06%	3.19%	7.88%	7.26%	1.29%
Free Cash Flow Margin	1.06%	18.48%	2.03%	8.08%	17.66%	7.44%
EBITDA	431.53	331.27	138.2	364.52	224.94	53.41
EBITDA Margin	10.03%	7.97%	3.77%	9.10%	8.04%	2.29%
D&A For EBITDA	80.58	81.97	83.83	59.14	56.63	64.55
EBIT	350.95	249.3	54.37	305.39	168.31	-11.14
EBIT Margin	8.16%	6.00%	1.48%	7.62%	6.02%	-0.48%
Effective Tax Rate	13.87%	12.60%	7.80%	8.25%	2.94%	-
Revenue as Reported	1,132	4,158	3,663	4,006	2,796	2,328