SHE:300394 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	5,468	5,082	3,232	1,929	1,178	1,005
Other Revenue	81.1	81.1	20.1	9.35	18.76	27.35
Revenue	5,549	5,163	3,252	1,939	1,196	1,032
Revenue Growth (YoY)	60.16%	58.79%	67.73%	62.04%	15.88%	18.20%
Cost of Revenue	2,543	2,410	1,408	902.43	595.14	529.96
Gross Profit	3,006	2,754	1,843	1,036	601.26	502.43
Selling, General & Admin	154.78	152.48	154.99	100.79	80.58	82.83
Research & Development	292.4	266.58	232.24	143.26	122.72	99.67
Other Operating Expenses	53.04	51.93	28.48	15.26	10.79	8.41
Operating Expenses	526.01	489.59	434.12	265.76	212.17	194.67
Operating Income	2,480	2,264	1,409	770.4	389.09	307.76
Interest Expense	-0.83	-1.18	-1.3	-0.55	-1.54	-2.05
Interest & Investment Income	100.13	90.99	74.63	68.42	35.23	24.89
Currency Exchange Gain (Loss)	-47.52	-47.52	25.95	7.1	13.45	-0.54
Other Non Operating Income (Expenses)	-46.56	-1.96	-1.06	-0.16	-0.42	-0.47
EBT Excluding Unusual Items	2,485	2,305	1,508	845.22	435.82	329.59
Gain (Loss) on Sale of Investments	-0.06	0.05	0.02	1.2	2.34	-
Gain (Loss) on Sale of Assets	0.36	0.65	-0.01	0.87	0.14	0.45
Asset Writedown	-6.7	-8.67	-0.68	-20.25	-2.02	-0.32
Other Unusual Items	44.51	47.21	28.19	13.94	14.87	15.59
Pretax Income	2,523	2,344	1,535	840.99	451.15	345.31
Income Tax Expense	350.9	326.2	192.22	111.11	46.22	36.76
Earnings From Continuing Operations	2,172	2,018	1,343	729.88	404.94	308.54
Minority Interest in Earnings	-0.36	-0.41	0.66	0	-1.99	-2.15
Net Income	2,172	2,017	1,344	729.88	402.94	306.39
Net Income to Common	2,172	2,017	1,344	729.88	402.94	306.39
Net Income Growth	54.88%	50.15%	84.08%	81.14%	31.51%	9.77%
Shares Outstanding (Basic)	777	777	777	774	768	762
Shares Outstanding (Diluted)	779	779	778	774	769	765
Shares Change (YoY)	0.10%	0.17%	0.45%	0.72%	0.48%	8.95%
EPS (Basic)	2.79	2.60	1.73	0.94	0.52	0.40
EPS (Diluted)	2.79	2.59	1.73	0.94	0.52	0.40
EPS Growth	54.73%	49.90%	83.25%	79.84%	30.88%	0.76%
Free Cash Flow	1,320	1,451	811.04	697.38	352.07	245.49
Free Cash Flow Per Share	1.69	1.86	1.04	0.90	0.46	0.32
Dividend Per Share	0.700	0.700	0.714	0.510	0.255	0.204
Dividend Growth	-2.00%	-2.00%	40.00%	100.00%	24.99%	19.99%
Gross Margin	54.17%	53.33%	56.69%	53.45%	50.26%	48.67%
Operating Margin	44.69%	43.85%	43.34%	39.74%	32.52%	29.81%
Profit Margin	39.14%	39.07%	41.32%	37.65%	33.68%	29.68%
Free Cash Flow Margin	23.79%	28.10%	24.94%	35.97%	29.43%	23.78%
EBITDA	2,666	2,437	1,531	857.62	469.2	375.16
EBITDA Margin	48.04%	47.21%	47.07%	44.24%	39.22%	36.34%
D&A For EBITDA	186.11	173.14	121.25	87.22	80.11	67.4
EBIT	2,480	2,264	1,409	770.4	389.09	307.76
EBIT Margin	44.69%	43.85%	43.34%	39.74%	32.52%	29.81%
Effective Tax Rate	13.91%	13.92%	12.52%	13.21%	10.24%	10.65%
Revenue as Reported	5,549	5,163	3,252	1,939	1,196	1,032
Advertising Expenses	-	2.24	1.48	0.83	0.93	0.75

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