SHE:300409 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	8,343	7,867	7,540	7,102	6,340	6,440
Other Revenue	289.59	289.59	212.21	193.43	521.89	128.94
Revenue	8,633	8,156	7,752	7,296	6,862	6,569
Revenue Growth (YoY)	14.98%	5.22%	6.25%	6.32%	4.46%	98.18%
Cost of Revenue	6,570	6,337	6,445	6,228	5,960	5,054
Gross Profit	2,062	1,820	1,307	1,067	902.51	1,516
Selling, General & Admin	708.31	636.29	553.89	468.71	339.58	369.48
Research & Development	232.08	218.79	239.35	286.8	300.36	247.8
Other Operating Expenses	284.94	255.58	201.79	131.16	65.49	76.53
Operating Expenses	1,228	1,108	1,003	917.51	741.69	748.37
Operating Income	834.41	711.36	304.16	149.95	160.82	767.3
Interest Expense	-112.57	-114.74	-220.54	-167.31	-111.28	-82.89
Interest & Investment Income	63.12	72.93	103.53	43.55	14	16.99
Currency Exchange Gain (Loss)	-46.06	-46.06	47.04	3.42	-15.16	-10.91
Other Non Operating Income (Expenses)	-36.55	-9.52	3.75	-16.83	-19.53	-19.44
EBT Excluding Unusual Items	702.36	613.97	237.94	12.77	28.85	671.05
Impairment of Goodwill	-11.5	-11.5	-25.91	-6.11	-	-
Gain (Loss) on Sale of Investments	95.71	66.88	7.14	-16.98	-12.13	-
Gain (Loss) on Sale of Assets	-	-	0.02	-4.81	0.89	-8.6
Asset Writedown	-34.63	-31.45	-26.34	-18.96	-4.3	-22.41
Other Unusual Items	34.91	34.91	53.01	51.66	42.44	11.92
Pretax Income	786.85	672.82	245.86	17.56	55.75	651.97
Income Tax Expense	152.75	110.66	53.83	45.4	-18.1	84.41
Earnings From Continuing Operations	634.11	562.16	192.03	-27.84	73.85	567.56
Minority Interest in Earnings	-63.33	-55.31	-35.17	-0.06	12.34	-5.86
Net Income	570.78	506.85	156.86	-27.89	86.19	561.7
Net Income to Common	570.78	506.85	156.86	-27.89	86.19	561.7
Net Income Growth	206.31%	223.13%	-	-	-84.66%	828.18%
Shares Outstanding (Basic)	769	746	580	558	575	551
Shares Outstanding (Diluted)	769	746	580	558	575	551
Shares Change (YoY)	27.20%	28.59%	4.02%	-2.91%	4.34%	18.30%
EPS (Basic)	0.74	0.68	0.27	-0.05	0.15	1.02
EPS (Diluted)	0.74	0.68	0.27	-0.05	0.15	1.02
EPS Growth	140.81%	151.28%	-	-	-85.29%	684.62%
Free Cash Flow	-782.83	727.57	-48.4	-405.57	-2,178	-326.82
Free Cash Flow Per Share	-1.02	0.97	-0.08	-0.73	-3.79	-0.59
Dividend Per Share	0.250	0.250	0.360	0.200	0.050	0.050
Dividend Growth	-30.56%	-30.56%	79.90%	300.22%	-	-
Gross Margin	23.89%	22.31%	16.86%	14.63%	13.15%	23.07%
Operating Margin	9.67%	8.72%	3.92%	2.05%	2.34%	11.68%
Profit Margin	6.61%	6.21%	2.02%	-0.38%	1.26%	8.55%
Free Cash Flow Margin	-9.07%	8.92%	-0.62%	-5.56%	-31.75%	-4.98%
EBITDA	1,266	1,122	632.84	496.07	364.41	912.11
EBITDA Margin	14.66%	13.76%	8.16%	6.80%	5.31%	13.88%
D&A For EBITDA	431.27	410.75	328.68	346.12	203.59	144.8
EBIT	834.41	711.36	304.16	149.95	160.82	767.3
EBIT Margin	9.67%	8.72%	3.92%	2.05%	2.34%	11.68%
Effective Tax Rate	19.41%	16.45%	21.90%	258.49%	-	12.95%
Revenue as Reported	8,633	8,156	7,752	7,296	6,862	6,569
Advertising Expenses	-	1.78	9.34	2.61	2.92	4.47

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