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	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	1,254	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	1,271	1,237	1,243	1,095	1,418	1,117
Revenue Growth	2.42%	-0.47%	13.58%	-22.78%	26.89%	69.40%
Cost of Revenue	691.66	555.88	519.59	441.4	486.37	350.66
Gross Profit	579.76	681.52	723.7	653.25	931.14	766.44
Selling, General & Admin	179.82	234.8	308.87	378.77	444.55	257.61
Research & Development	78.55	65.46	83.78	90.91	70.34	59.28
Other Operating Expenses	20.65	18.51	13.24	16.44	16.24	3.48
Operating Expenses	276.91	320.89	407.84	483.74	533.66	320.69
Operating Income	302.84	360.63	315.86	169.51	397.48	445.75
Interest Expense	-32.47	-32.47	-35.63	-38.41	-21.82	-10.81
Interest & Investment Income	10.32	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)	-24.35	-0.69	-0.35	-0.3	-0.65	-0.19
EBT Excluding Unusual Items	254.42	335.19	297.19	158.36	399.86	464.46
Gain (Loss) on Sale of Investments	1.85	3.77	0.25	-0.34	-2.83	0.4
Gain (Loss) on Sale of Assets	-0.06	-2.24	31.53	-0.04	17.8	76.22
Asset Writedown	-2.16	-3.98	-0.44	-0.22	-1.01	-0.09
Other Unusual Items	19.76	19.76	30.17	53.27	28.67	48.38
Pretax Income	273.82	352.5	358.69	211.04	442.48	589.37
Income Tax Expense	35.3	47.64	49.48	18.7	58.76	75.42
Earnings From Continuing Operations	238.52	304.86	309.21	192.35	383.72	513.94
Minority Interest in Earnings	0.01	0.01	0	-	-	-30.18
Net Income	238.52	304.86	309.21	192.35	383.72	483.77
Net Income to Common	238.52	304.86	309.21	192.35	383.72	483.77
Net Income Growth	-20.97%	-1.41%	60.76%	-49.87%	-20.68%	83.79%
Shares Outstanding (Basic)	542	544	542	550	548	544
Shares Outstanding (Diluted)	593	598	595	601	548	544
Shares Change	2.05%	0.53%	-1.07%	9.65%	0.85%	7.38%
EPS (Basic)	0.44	0.56	0.57	0.35	0.70	0.89
EPS (Diluted)	0.40	0.51	0.52	0.32	0.70	0.89
EPS Growth	-22.56%	-1.92%	62.50%	-54.29%	-21.35%	71.15%

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	125.65	112.78	-13.97	-84.57	-2.89	-203.33
Free Cash Flow Per Share	0.21	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	45.60%	55.08%	58.21%	59.68%	65.69%	68.61%
Operating Margin	23.82%	29.14%	25.41%	15.48%	28.04%	39.90%
Profit Margin	18.76%	24.64%	24.87%	17.57%	27.07%	43.31%
Free Cash Flow Margin	9.88%	9.11%	-1.12%	-7.72%	-0.20%	-18.20%
EBITDA	497.68	538.72	471.63	302.82	458.27	490.2
EBITDA Margin	39.14%	43.54%	37.93%	27.66%	32.33%	43.88%
D&A For EBITDA	194.84	178.09	155.77	133.31	60.79	44.45
EBIT	302.84	360.63	315.86	169.51	397.48	445.75
EBIT Margin	23.82%	29.14%	25.41%	15.48%	28.04%	39.90%
Effective Tax Rate	12.89%	13.52%	13.80%	8.86%	13.28%	12.80%
Revenue as Reported	1,271	1,237	1,243	1,095	1,418	1,117
Advertising Expenses	-	3.11	2.37	0.97	0.7	0.8