SHE:300394 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	5,082	3,232	1,929	1,178	1,005
Other Revenue	81.1	20.1	9.35	18.76	27.35
Revenue	5,163	3,252	1,939	1,196	1,032
Revenue Growth (YoY)	58.79%	67.73%	62.04%	15.88%	18.20%
Cost of Revenue	2,410	1,408	902.43	595.14	529.96
Gross Profit	2,754	1,843	1,036	601.26	502.43
Selling, General & Admin	152.48	154.99	100.79	80.58	82.83
Research & Development	266.58	232.24	143.26	122.72	99.67
Other Operating Expenses	51.93	28.48	15.26	10.79	8.41
Operating Expenses	489.59	434.12	265.76	212.17	194.67
Operating Income	2,264	1,409	770.4	389.09	307.76
Interest Expense	-1.18	-1.3	-0.55	-1.54	-2.05
Interest & Investment Income	90.99	74.63	68.42	35.23	24.89
Currency Exchange Gain (Loss)	-47.52	25.95	7.1	13.45	-0.54
Other Non Operating Income (Expenses)	-1.96	-1.06	-0.16	-0.42	-0.47
EBT Excluding Unusual Items	2,305	1,508	845.22	435.82	329.59
Gain (Loss) on Sale of Investments	0.05	0.02	1.2	2.34	-
Gain (Loss) on Sale of Assets	0.65	-0.01	0.87	0.14	0.45
Asset Writedown	-8.67	-0.68	-20.25	-2.02	-0.32
Other Unusual Items	47.21	28.19	13.94	14.87	15.59
Pretax Income	2,344	1,535	840.99	451.15	345.31
Income Tax Expense	326.2	192.22	111.11	46.22	36.76
Earnings From Continuing Operations	2,018	1,343	729.88	404.94	308.54
Minority Interest in Earnings	-0.41	0.66	0	-1.99	-2.15
Net Income	2,017	1,344	729.88	402.94	306.39
Net Income to Common	2,017	1,344	729.88	402.94	306.39
Net Income Growth	50.15%	84.08%	81.14%	31.51%	9.77%
Shares Outstanding (Basic)	777	777	774	768	762
Shares Outstanding (Diluted)	779	778	774	769	765
Shares Change (YoY)	0.17%	0.45%	0.72%	0.48%	8.95%
EPS (Basic)	2.60	1.73	0.94	0.52	0.40
EPS (Diluted)	2.59	1.73	0.94	0.52	0.40
EPS Growth	49.90%	83.25%	79.84%	30.88%	0.76%
Free Cash Flow	1,451	811.04	697.38	352.07	245.49
Free Cash Flow Per Share	1.86	1.04	0.90	0.46	0.32
Dividend Per Share	0.700	0.714	0.510	0.255	0.204
Dividend Growth	-2.00%	40.00%	100.00%	24.99%	19.99%
Gross Margin	53.33%	56.69%	53.45%	50.26%	48.67%
Operating Margin	43.85%	43.34%	39.74%	32.52%	29.81%
Profit Margin	39.07%	41.32%	37.65%	33.68%	29.68%
Free Cash Flow Margin	28.10%	24.94%	35.97%	29.43%	23.78%
EBITDA	2,437	1,531	857.62	469.2	375.16
EBITDA Margin	47.21%	47.07%	44.24%	39.22%	36.34%
D&A For EBITDA	173.14	121.25	87.22	80.11	67.4
EBIT	2,264	1,409	770.4	389.09	307.76
EBIT Margin	43.85%	43.34%	39.74%	32.52%	29.81%
Effective Tax Rate	13.92%	12.52%	13.21%	10.24%	10.65%
Revenue as Reported	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.