SHE:300401 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	1,170	1,220	1,221	1,082	1,397	1,107
Other Revenue	17.7	17.7	22.45	12.93	20.39	9.75
Revenue	1,188	1,237	1,243	1,095	1,418	1,117
Revenue Growth (YoY)	-4.16%	-0.47%	13.58%	-22.78%	26.89%	69.40%
Cost of Revenue	556.46	555.88	519.59	441.4	486.37	350.66
Gross Profit	631.43	681.52	723.7	653.25	931.14	766.44
Selling, General & Admin	220.69	234.8	308.87	378.77	444.55	257.61
Research & Development	72.43	65.46	83.78	90.91	70.34	59.28
Other Operating Expenses	21.96	18.51	13.24	16.44	16.24	3.48
Operating Expenses	313.1	320.89	407.84	483.74	533.66	320.69
Operating Income	318.33	360.63	315.86	169.51	397.48	445.75
Interest Expense	-31.91	-32.47	-35.63	-38.41	-21.82	-10.81
Interest & Investment Income	10.51	9.64	11.01	20.54	13.75	32.49
Currency Exchange Gain (Loss)	-1.92	-1.92	6.31	7.02	11.1	-2.79
Other Non Operating Income (Expenses)	-16.38	-0.69	-0.35	-0.3	-0.65	-0.19
EBT Excluding Unusual Items	278.63	335.19	297.19	158.36	399.86	464.46
Gain (Loss) on Sale of Investments	3.23	3.77	0.25	-0.34	-2.83	0.4
Gain (Loss) on Sale of Assets	-2.24	-2.24	31.53	-0.04	17.8	76.22
Asset Writedown	-3.97	-3.98	-0.44	-0.22	-1.01	-0.09
Other Unusual Items	22.01	19.76	30.17	53.27	28.67	48.38
Pretax Income	297.67	352.5	358.69	211.04	442.48	589.37
Income Tax Expense	39.05	47.64	49.48	18.7	58.76	75.42
Earnings From Continuing Operations	258.62	304.86	309.21	192.35	383.72	513.94
Minority Interest in Earnings	0.01	0.01	0	-	-	-30.18
Net Income	258.62	304.86	309.21	192.35	383.72	483.77
Net Income to Common	258.62	304.86	309.21	192.35	383.72	483.77
Net Income Growth	-17.70%	-1.41%	60.76%	-49.87%	-20.68%	83.79%
Shares Outstanding (Basic)	550	544	542	550	548	544
Shares Outstanding (Diluted)	603	598	595	601	548	544
Shares Change (YoY)	4.71%	0.53%	-1.07%	9.65%	0.85%	7.38%
EPS (Basic)	0.47	0.56	0.57	0.35	0.70	0.89
EPS (Diluted)	0.43	0.51	0.52	0.32	0.70	0.89
EPS Growth	-21.40%	-1.92%	62.50%	-54.29%	-21.35%	71.15%
Free Cash Flow	197.07	112.78	-13.97	-84.57	-2.89	-203.33
Free Cash Flow Per Share	0.33	0.19	-0.02	-0.14	-0.01	-0.37
Dividend Per Share	0.113	0.113	0.114	0.071	0.140	0.188
Dividend Growth	-0.88%	-0.88%	60.56%	-49.29%	-25.53%	82.52%
Gross Margin	53.16%	55.08%	58.21%	59.68%	65.69%	68.61%
Operating Margin	26.80%	29.14%	25.41%	15.48%	28.04%	39.90%
Profit Margin	21.77%	24.64%	24.87%	17.57%	27.07%	43.31%
Free Cash Flow Margin	16.59%	9.11%	-1.12%	-7.72%	-0.20%	-18.20%
EBITDA	502.01	538.72	471.63	302.82	458.27	490.2
EBITDA Margin	42.26%	43.54%	37.93%	27.66%	32.33%	43.88%
D&A For EBITDA	183.67	178.09	155.77	133.31	60.79	44.45
EBIT	318.33	360.63	315.86	169.51	397.48	445.75
EBIT Margin	26.80%	29.14%	25.41%	15.48%	28.04%	39.90%
Effective Tax Rate	13.12%	13.52%	13.80%	8.86%	13.28%	12.80%
Revenue as Reported	1,188	1,237	1,243	1,095	1,418	1,117
Advertising Expenses	-	3.11	2.37	0.97	0.7	0.8

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