SHE:300395 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	2,226	2,011	1,706	2,017	1,665	1,169
Other Revenue	5.5	5.5	35.42	73.56	54.1	54.67
Revenue	2,232	2,016	1,742	2,091	1,719	1,224
Revenue Growth (YoY)	28.43%	15.76%	-16.68%	21.59%	40.52%	41.68%
Cost of Revenue	1,212	1,109	1,037	1,074	850.75	609.93
Gross Profit	1,019	906.85	705.18	1,016	868.61	613.62
Selling, General & Admin	228.01	206.6	168.96	204.64	169.15	125.28
Research & Development	289.12	273.77	243.47	216.47	151.91	91.49
Other Operating Expenses	15.81	11.46	1.52	7.68	16.88	8.59
Operating Expenses	545.89	505.83	421.48	438.21	344.62	225.6
Operating Income	473.48	401.02	283.7	578.05	523.99	388.02
Interest Expense	-8.84	-9.34	-13.21	-4.55	-0.18	-0.28
Interest & Investment Income	4.81	13.39	21.12	18.83	20.97	24.18
Currency Exchange Gain (Loss)	-6.08	-6.08	4.6	3.69	12.48	-2.49
Other Non Operating Income (Expenses)	-13.37	-2.17	-1.31	-1.69	-0.7	-0.57
EBT Excluding Unusual Items	449.99	396.82	294.89	594.33	556.56	408.86
Gain (Loss) on Sale of Investments	26.88	19.85	16.52	16.12	0.47	0.94
Gain (Loss) on Sale of Assets	0.69	0.76	-2.07	0.32	0.23	-5.38
Asset Writedown	-4.48	-4.72	-7.33	-3.85	-2.54	-3.04
Other Unusual Items	53.82	53.82	42.34	37.24	11.3	21.42
Pretax Income	526.89	466.53	344.35	644.16	566.01	422.8
Income Tax Expense	48.21	40.13	18.08	69.74	53.01	47
Earnings From Continuing Operations	478.68	426.4	326.27	574.41	513	375.79
Minority Interest in Earnings	3.13	16.79	-12.06	-36.77	-24.13	-5.67
Net Income	481.82	443.18	314.21	537.65	488.87	370.12
Net Income to Common	481.82	443.18	314.21	537.65	488.87	370.12
Net Income Growth	40.94%	41.05%	-41.56%	9.98%	32.08%	55.44%
Shares Outstanding (Basic)	533	521	519	511	507	507
Shares Outstanding (Diluted)	534	521	519	514	515	509
Shares Change (YoY)	5.15%	0.32%	1.08%	-0.25%	1.15%	0.50%
EPS (Basic)	0.90	0.85	0.60	1.05	0.96	0.73
EPS (Diluted)	0.90	0.85	0.60	1.05	0.95	0.73
EPS Growth	34.03%	40.59%	-42.18%	10.25%	30.59%	54.67%
Free Cash Flow	-522.59	-297.09	-105.09	-278.02	-165.24	-24.72
Free Cash Flow Per Share	-0.98	-0.57	-0.20	-0.54	-0.32	-0.05
Dividend Per Share	-	-	0.130	0.210	0.190	0.153
Dividend Growth	-	-	-38.09%	10.53%	23.94%	27.75%
Gross Margin	45.67%	44.98%	40.48%	48.61%	50.52%	50.15%
Operating Margin	21.21%	19.89%	16.29%	27.65%	30.48%	31.71%
Profit Margin	21.59%	21.98%	18.04%	25.72%	28.43%	30.25%
Free Cash Flow Margin	-23.42%	-14.73%	-6.03%	-13.30%	-9.61%	-2.02%
EBITDA	714.75	632.69	476.96	737.65	632.61	468.66
EBITDA Margin	32.03%	31.38%	27.38%	35.28%	36.79%	38.30%
D&A For EBITDA	241.27	231.67	193.26	159.6	108.63	80.64
EBIT	473.48	401.02	283.7	578.05	523.99	388.02
EBIT Margin	21.21%	19.89%	16.29%	27.65%	30.48%	31.71%
Effective Tax Rate	9.15%	8.60%	5.25%	10.83%	9.37%	11.12%
Revenue as Reported	2,232	2,016	1,742	2,091	1,719	1,224
Advertising Expenses	-	5.79	7.04	5.04	3.41	-

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.