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	Jun '26 Jun 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	4,288	4,134	3,643	3,997	2,782	2,323
Other Revenue	24.61	23.86	19.2	9.08	13.69	4.78
Revenue	4,312	4,158	3,663	4,006	2,796	2,328
Revenue Growth	17.08%	13.53%	-8.58%	43.29%	20.09%	41.78%
Cost of Revenue	2,907	2,872	2,678	2,846	1,917	1,756
Gross Profit	1,406	1,286	984.83	1,160	878.98	572.43
Selling, General & Admin	900.97	831.12	758.72	691.11	560.53	467.28
Research & Development	189.66	182.47	166.47	162.2	124.73	107.61
Other Operating Expenses	25.45	19.04	4.9	12.16	4.59	7.19
Operating Expenses	1,112	1,037	930.46	854.84	710.67	583.57
Operating Income	293.98	249.3	54.37	305.39	168.31	-11.14
Interest Expense	-1.5	-1.28	-1.2	-1.69	-2.71	-1.87
Interest & Investment Income	56.57	38.91	20.45	19.92	17.09	13.92
Currency Exchange Gain (Loss)	-39.73	-9.81	25.12	0.73	2.74	-4.21
Other Non Operating Income (Expenses)	-6.37	-6.37	-3.13	-4.7	-2.61	-2.13
EBT Excluding Unusual Items	302.94	270.74	95.61	319.64	182.82	-5.43
Gain (Loss) on Sale of Investments	6.7	-0.96	-0.38	0.16	-0.24	-1.25
Gain (Loss) on Sale of Assets	0.24	0.07	0.23	0.54	2.24	0.54
Asset Writedown	-0.29	-1.03	-0.31	-0.2	-0.4	-0.19
Other Unusual Items	11.27	12.08	16.22	17.13	25.37	21.76
Pretax Income	320.86	280.9	111.37	337.27	209.8	15.44
Income Tax Expense	46.63	35.4	8.69	27.81	6.17	-14.33
Earnings From Continuing Operations	274.23	245.5	102.69	309.46	203.63	29.77
Minority Interest in Earnings	6.16	6.37	14.21	6.29	-0.61	0.17
Net Income	280.39	251.87	116.89	315.74	203.02	29.94
Net Income to Common	280.39	251.87	116.89	315.74	203.02	29.94
Net Income Growth	94.36%	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	0.18%	0.82%	-0.31%	7.43%	8.72%	0.17%
EPS (Basic)	0.76	0.68	0.32	0.87	0.60	0.10
EPS (Diluted)	0.76	0.68	0.32	0.86	0.59	0.10
EPS Growth	94.02%	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	Jun '26 Jun 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	382.41	768.43	74.23	323.78	493.66	173.21
Free Cash Flow Per Share	1.03	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	32.60%	30.94%	26.89%	28.96%	31.44%	24.59%
Operating Margin	6.82%	6.00%	1.48%	7.62%	6.02%	-0.48%
Profit Margin	6.50%	6.06%	3.19%	7.88%	7.26%	1.29%
Free Cash Flow Margin	8.87%	18.48%	2.03%	8.08%	17.66%	7.44%
EBITDA	375.46	331.27	138.2	364.52	224.94	53.41
EBITDA Margin	8.71%	7.97%	3.77%	9.10%	8.04%	2.29%
D&A For EBITDA	81.49	81.97	83.83	59.14	56.63	64.55
EBIT	293.98	249.3	54.37	305.39	168.31	-11.14
EBIT Margin	6.82%	6.00%	1.48%	7.62%	6.02%	-0.48%
Effective Tax Rate	14.53%	12.60%	7.80%	8.25%	2.94%	-
Revenue as Reported	4,004	4,158	3,663	4,006	2,796	2,328