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	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	5,915	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	5,996	5,163	3,252	1,939	1,196	1,032
Revenue Growth	25.56%	58.79%	67.73%	62.04%	15.88%	18.20%
Cost of Revenue	2,302	2,410	1,408	902.43	595.14	529.96
Gross Profit	3,694	2,754	1,843	1,036	601.26	502.43
Selling, General & Admin	145.04	152.48	154.99	100.79	80.58	82.83
Research & Development	362.07	266.58	232.24	143.26	122.72	99.67
Other Operating Expenses	65.08	51.93	28.48	15.26	10.79	8.41
Operating Expenses	617.84	489.59	434.12	265.76	212.17	194.67
Operating Income	3,076	2,264	1,409	770.4	389.09	307.76
Interest Expense	-1.94	-1.18	-1.3	-0.55	-1.54	-2.05
Interest & Investment Income	104.21	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)	-114.85	-1.96	-1.06	-0.16	-0.42	-0.47
EBT Excluding Unusual Items	3,016	2,305	1,508	845.22	435.82	329.59
Gain (Loss) on Sale of Investments	-0.05	0.05	0.02	1.2	2.34	-
Gain (Loss) on Sale of Assets	-3.76	0.65	-0.01	0.87	0.14	0.45
Asset Writedown	-3.68	-8.67	-0.68	-20.25	-2.02	-0.32
Other Unusual Items	46.72	47.21	28.19	13.94	14.87	15.59
Pretax Income	3,055	2,344	1,535	840.99	451.15	345.31
Income Tax Expense	419.37	326.2	192.22	111.11	46.22	36.76
Earnings From Continuing Operations	2,636	2,018	1,343	729.88	404.94	308.54
Minority Interest in Earnings	-0.42	-0.41	0.66	0	-1.99	-2.15
Net Income	2,635	2,017	1,344	729.88	402.94	306.39
Net Income to Common	2,635	2,017	1,344	729.88	402.94	306.39
Net Income Growth	43.82%	50.15%	84.08%	81.14%	31.51%	9.77%
Shares Outstanding (Basic)	1,090	1,088	1,088	1,084	1,075	1,067
Shares Outstanding (Diluted)	1,093	1,090	1,089	1,084	1,076	1,071
Shares Change	0.25%	0.16%	0.45%	0.72%	0.50%	8.93%
EPS (Basic)	2.42	1.85	1.23	0.67	0.37	0.29
EPS (Diluted)	2.41	1.85	1.23	0.67	0.37	0.29
EPS Growth	43.46%	49.90%	83.25%	79.84%	30.85%	0.78%

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	1,386	1,451	811.04	697.38	352.07	245.49
Free Cash Flow Per Share	1.27	1.33	0.74	0.64	0.33	0.23
Dividend Per Share	0.643	0.500	0.510	0.364	0.182	0.146
Dividend Growth	5.01%	-2.00%	40.01%	100.00%	24.97%	20.00%
Gross Margin	61.60%	53.33%	56.69%	53.45%	50.26%	48.67%
Operating Margin	51.30%	43.85%	43.34%	39.74%	32.52%	29.81%
Profit Margin	43.95%	39.07%	41.32%	37.65%	33.68%	29.68%
Free Cash Flow Margin	23.11%	28.10%	24.94%	35.97%	29.43%	23.78%
EBITDA	3,288	2,437	1,531	857.62	469.2	375.16
EBITDA Margin	54.84%	47.21%	47.07%	44.24%	39.22%	36.34%
D&A For EBITDA	212.05	173.14	121.25	87.22	80.11	67.4
EBIT	3,076	2,264	1,409	770.4	389.09	307.76
EBIT Margin	51.30%	43.85%	43.34%	39.74%	32.52%	29.81%
Effective Tax Rate	13.73%	13.92%	12.52%	13.21%	10.24%	10.65%
Revenue as Reported	5,996	5,163	3,252	1,939	1,196	1,032
Advertising Expenses	-	2.24	1.48	0.83	0.93	0.75