SHE:300408 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	8,869	7,266	5,682	5,089	6,182
Other Revenue	138.63	108.86	45.16	60.66	36.22
Revenue	9,007	7,375	5,727	5,149	6,218
Revenue Growth (YoY)	22.13%	28.78%	11.21%	-17.19%	55.69%
Cost of Revenue	5,250	4,240	3,451	2,956	3,205
Gross Profit	3,758	3,135	2,275	2,193	3,013
Selling, General & Admin	562.96	480.66	499.02	528.85	495.57
Research & Development	653.44	583.07	545.81	452.17	418.54
Other Operating Expenses	107.78	14.69	35.3	57.68	57.48
Operating Expenses	1,340	1,091	1,103	1,021	989.27
Operating Income	2,418	2,044	1,172	1,172	2,024
Interest Expense	-20.4	-27.7	-22.49	-8.9	-5.62
Interest & Investment Income	238.59	220.71	231.48	252.31	178.21
Currency Exchange Gain (Loss)	-46.57	-1.79	10.04	29.75	0.3
Other Non Operating Income (Expenses)	-1.89	-1.8	29.96	-15.08	-9.38
EBT Excluding Unusual Items	2,587	2,234	1,421	1,430	2,187
Gain (Loss) on Sale of Investments	30.47	49.77	55.02	20.01	-
Gain (Loss) on Sale of Assets	0.37	-1.34	1.93	-0.98	-3.85
Asset Writedown	-2.94	-9.46	-3.53	-4.33	-27.61
Other Unusual Items	392.82	246.31	308.45	221.52	147.91
Pretax Income	3,008	2,519	1,783	1,666	2,304
Income Tax Expense	391.2	328.71	199.7	160.21	290.22
Earnings From Continuing Operations	2,617	2,190	1,583	1,506	2,013
Minority Interest in Earnings	1.4	0.22	-2.16	-1.4	-2.5
Net Income	2,618	2,190	1,581	1,505	2,011
Net Income to Common	2,618	2,190	1,581	1,505	2,011
Net Income Growth	19.54%	38.55%	5.07%	-25.17%	39.68%
Shares Outstanding (Basic)	1,911	1,921	1,928	1,905	1,828
Shares Outstanding (Diluted)	1,911	1,921	1,928	1,905	1,828
Shares Change (YoY)	-0.53%	-0.34%	1.23%	4.20%	4.13%
EPS (Basic)	1.37	1.14	0.82	0.79	1.10
EPS (Diluted)	1.37	1.14	0.82	0.79	1.10
EPS Growth	20.18%	39.02%	3.80%	-28.18%	34.15%
Free Cash Flow	2,298	1,764	1,173	949.06	-756.04
Free Cash Flow Per Share	1.20	0.92	0.61	0.50	-0.41
Dividend Per Share	0.450	0.380	0.280	0.250	0.320
Dividend Growth	18.42%	35.71%	12.00%	-21.88%	28.00%
Gross Margin	41.72%	42.51%	39.73%	42.59%	48.45%
Operating Margin	26.84%	27.72%	20.46%	22.76%	32.54%
Profit Margin	29.07%	29.70%	27.61%	29.22%	32.34%
Free Cash Flow Margin	25.51%	23.92%	20.48%	18.43%	-12.16%
EBITDA	3,142	2,689	1,766	1,696	2,396
EBITDA Margin	34.89%	36.46%	30.84%	32.95%	38.53%
D&A For EBITDA	724.48	644.37	593.95	524.49	372.52
EBIT	2,418	2,044	1,172	1,172	2,024
EBIT Margin	26.84%	27.72%	20.46%	22.76%	32.54%
Effective Tax Rate	13.00%	13.05%	11.20%	9.62%	12.60%
Revenue as Reported	9,007	7,375	5,727	5,149	6,218

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.