SHE:300408 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	Jun '26 Jun 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	11,075	8,869	7,266	5,682	5,089	6,182
Other Revenue	207.17	138.63	108.86	45.16	60.66	36.22
Revenue	11,282	9,007	7,375	5,727	5,149	6,218
Revenue Growth	39.34%	22.13%	28.78%	11.21%	-17.19%	55.69%
Cost of Revenue	6,461	5,250	4,240	3,451	2,956	3,205
Gross Profit	4,821	3,758	3,135	2,275	2,193	3,013
Selling, General & Admin	629.26	562.96	480.66	499.02	528.85	495.57
Research & Development	701.07	653.44	583.07	545.81	452.17	418.54
Other Operating Expenses	268.73	107.78	14.69	35.3	57.68	57.48
Operating Expenses	1,656	1,340	1,091	1,103	1,021	989.27
Operating Income	3,164	2,418	2,044	1,172	1,172	2,024
Interest Expense	-23	-20.4	-27.7	-22.49	-8.9	-5.62
Interest & Investment Income	236.86	238.59	220.71	231.48	252.31	178.21
Currency Exchange Gain (Loss)	-73.49	-46.57	-1.79	10.04	29.75	0.3
Other Non Operating Income (Expenses)	-6.11	-1.89	-1.8	29.96	-15.08	-9.38
EBT Excluding Unusual Items	3,299	2,587	2,234	1,421	1,430	2,187
Gain (Loss) on Sale of Investments	32.69	30.47	49.77	55.02	20.01	-
Gain (Loss) on Sale of Assets	-3.94	0.37	-1.34	1.93	-0.98	-3.85
Asset Writedown	-30.84	-2.94	-9.46	-3.53	-4.33	-27.61
Other Unusual Items	508.41	392.82	246.31	308.45	221.52	147.91
Pretax Income	3,805	3,008	2,519	1,783	1,666	2,304
Income Tax Expense	493.11	391.2	328.71	199.7	160.21	290.22
Earnings From Continuing Operations	3,312	2,617	2,190	1,583	1,506	2,013
Minority Interest in Earnings	1.47	1.4	0.22	-2.16	-1.4	-2.5
Net Income	3,313	2,618	2,190	1,581	1,505	2,011
Net Income to Common	3,313	2,618	2,190	1,581	1,505	2,011
Net Income Growth	37.94%	19.54%	38.55%	5.07%	-25.17%	39.68%
Shares Outstanding (Basic)	1,911	1,911	1,921	1,928	1,905	1,828
Shares Outstanding (Diluted)	1,911	1,911	1,921	1,928	1,905	1,828
Shares Change	-0.63%	-0.53%	-0.34%	1.23%	4.20%	4.13%
EPS (Basic)	1.73	1.37	1.14	0.82	0.79	1.10
EPS (Diluted)	1.73	1.37	1.14	0.82	0.79	1.10
EPS Growth	38.82%	20.18%	39.02%	3.80%	-28.18%	34.15%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	2,198	2,298	1,764	1,173	949.06	-756.04
Free Cash Flow Per Share	1.15	1.20	0.92	0.61	0.50	-0.41
Dividend Per Share	0.450	0.450	0.380	0.280	0.250	0.320
Dividend Growth	18.42%	18.42%	35.71%	12.00%	-21.88%	28.00%
Gross Margin	42.73%	41.72%	42.51%	39.73%	42.59%	48.45%
Operating Margin	28.05%	26.84%	27.72%	20.46%	22.76%	32.54%
Profit Margin	29.37%	29.07%	29.70%	27.61%	29.22%	32.34%
Free Cash Flow Margin	19.48%	25.51%	23.92%	20.48%	18.43%	-12.16%
EBITDA	3,932	3,142	2,689	1,766	1,696	2,396
EBITDA Margin	34.86%	34.89%	36.46%	30.84%	32.95%	38.53%
D&A For EBITDA	767.82	724.48	644.37	593.95	524.49	372.52
EBIT	3,164	2,418	2,044	1,172	1,172	2,024
EBIT Margin	28.05%	26.84%	27.72%	20.46%	22.76%	32.54%
Effective Tax Rate	12.96%	13.00%	13.05%	11.20%	9.62%	12.60%
Revenue as Reported	11,282	9,007	7,375	5,727	5,149	6,218