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	1,188	1,237	1,221	1,082	1,397	1,107
Other Revenue	-	-	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	549.64	549.06	519.59	441.4	486.37	350.66
Gross Profit	638.25	688.34	723.7	653.25	931.14	766.44
Selling, General & Admin	222.84	236.95	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	4.24	2.9	13.24	16.44	16.24	3.48
Operating Expenses	299.51	305.31	407.87	483.74	533.66	320.69
Operating Income	338.74	383.03	315.83	169.51	397.48	445.75
Interest Expense	-	-	-35.63	-38.41	-21.82	-10.81
Interest & Investment Income	1.55	1.41	11.01	20.54	13.75	32.49
Currency Exchange Gain (Loss)	-	-	6.31	7.02	11.1	-2.79
Other Non Operating Income (Expenses)	-36.67	-26.5	-0.32	-0.3	-0.65	-0.19
EBT Excluding Unusual Items	303.62	357.93	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	-6.95	-6.96	-0.44	-0.22	-1.01	-0.09
Other Unusual Items	-	-	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	-	-	0.114	0.071	0.140	0.188
Dividend Growth	-	-	60.56%	-49.29%	-25.53%	82.52%
Gross Margin	53.73%	55.63%	58.21%	59.68%	65.69%	68.61%
Operating Margin	28.52%	30.95%	25.40%	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	522.8	561.37	471.35	302.82	458.27	490.2
EBITDA Margin	44.01%	45.37%	37.91%	27.66%	32.33%	43.88%
D&A For EBITDA	184.05	178.35	155.52	133.31	60.79	44.45
EBIT	338.74	383.03	315.83	169.51	397.48	445.75
EBIT Margin	28.52%	30.95%	25.40%	15.48%	28.04%	39.90%
Effective Tax Rate	13.12%	13.52%	13.80%	8.86%	13.28%	12.80%
Revenue as Reported	-	-	1,243	1,095	1,418	1,117
Advertising Expenses	-	-	2.37	0.97	0.7	0.8

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