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	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	5,444	5,082	3,232	1,929	1,178	1,005
Other Revenue	91.94	81.1	20.1	9.35	18.76	27.35
Revenue	5,535	5,163	3,252	1,939	1,196	1,032
Revenue Growth	33.33%	58.79%	67.73%	62.04%	15.88%	18.20%
Cost of Revenue	2,298	2,410	1,408	902.43	595.14	529.96
Gross Profit	3,237	2,754	1,843	1,036	601.26	502.43
Selling, General & Admin	145.98	152.48	154.99	100.79	80.58	82.83
Research & Development	336.01	266.58	232.24	143.26	122.72	99.67
Other Operating Expenses	81.61	51.93	28.48	15.26	10.79	8.41
Operating Expenses	578.99	489.59	434.12	265.76	212.17	194.67
Operating Income	2,658	2,264	1,409	770.4	389.09	307.76
Interest Expense	-0.51	-1.18	-1.3	-0.55	-1.54	-2.05
Interest & Investment Income	104.82	90.99	74.63	68.42	35.23	24.89
Currency Exchange Gain (Loss)	-127.21	-47.52	25.95	7.1	13.45	-0.54
Other Non Operating Income (Expenses)	-7.16	-1.96	-1.06	-0.16	-0.42	-0.47
EBT Excluding Unusual Items	2,628	2,305	1,508	845.22	435.82	329.59
Gain (Loss) on Sale of Investments	1.39	0.05	0.02	1.2	2.34	-
Gain (Loss) on Sale of Assets	0.18	0.65	-0.01	0.87	0.14	0.45
Asset Writedown	-9.54	-8.67	-0.68	-20.25	-2.02	-0.32
Other Unusual Items	66.95	47.21	28.19	13.94	14.87	15.59
Pretax Income	2,687	2,344	1,535	840.99	451.15	345.31
Income Tax Expense	364.56	326.2	192.22	111.11	46.22	36.76
Earnings From Continuing Operations	2,323	2,018	1,343	729.88	404.94	308.54
Minority Interest in Earnings	-0.35	-0.41	0.66	0	-1.99	-2.15
Net Income	2,322	2,017	1,344	729.88	402.94	306.39
Net Income to Common	2,322	2,017	1,344	729.88	402.94	306.39
Net Income Growth	46.19%	50.15%	84.08%	81.14%	31.51%	9.77%
Shares Outstanding (Basic)	1,089	1,088	1,088	1,084	1,075	1,067
Shares Outstanding (Diluted)	1,092	1,090	1,089	1,084	1,076	1,071
Shares Change	0.27%	0.16%	0.45%	0.72%	0.50%	8.93%
EPS (Basic)	2.13	1.85	1.23	0.67	0.37	0.29
EPS (Diluted)	2.13	1.85	1.23	0.67	0.37	0.29
EPS Growth	45.80%	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	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	1,740	1,451	811.04	697.38	352.07	245.49
Free Cash Flow Per Share	1.59	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	58.48%	53.33%	56.69%	53.45%	50.26%	48.67%
Operating Margin	48.02%	43.85%	43.34%	39.74%	32.52%	29.81%
Profit Margin	41.95%	39.07%	41.32%	37.65%	33.68%	29.68%
Free Cash Flow Margin	31.43%	28.10%	24.94%	35.97%	29.43%	23.78%
EBITDA	2,857	2,437	1,531	857.62	469.2	375.16
EBITDA Margin	51.61%	47.21%	47.07%	44.24%	39.22%	36.34%
D&A For EBITDA	198.76	173.14	121.25	87.22	80.11	67.4
EBIT	2,658	2,264	1,409	770.4	389.09	307.76
EBIT Margin	48.02%	43.85%	43.34%	39.74%	32.52%	29.81%
Effective Tax Rate	13.57%	13.92%	12.52%	13.21%	10.24%	10.65%
Revenue as Reported	5,163	5,163	3,252	1,939	1,196	1,032
Advertising Expenses	-	2.24	1.48	0.83	0.93	0.75