SHE:300450 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	15,026	14,434	11,844	16,622	13,914	10,031
Other Revenue	9.22	9.22	11.17	6.48	18.52	5.95
Revenue	15,035	14,443	11,855	16,628	13,932	10,037
Revenue Growth (YoY)	29.14%	21.83%	-28.71%	19.35%	38.82%	71.32%
Cost of Revenue	10,475	10,054	8,352	11,171	8,804	6,686
Gross Profit	4,560	4,390	3,503	5,457	5,128	3,351
Selling, General & Admin	1,345	1,335	1,356	1,406	1,116	790.92
Research & Development	1,612	1,603	1,668	1,674	1,346	897.16
Other Operating Expenses	-156.56	-179.27	-264.31	-193.32	-183.87	-159.27
Operating Expenses	2,752	2,652	3,310	3,635	2,749	1,762
Operating Income	1,809	1,737	193.59	1,822	2,379	1,589
Interest Expense	-165.72	-120.72	-61.98	-20.22	-20.14	-22.77
Interest & Investment Income	53.74	46.27	38.41	61.25	100.06	90.11
Currency Exchange Gain (Loss)	21.32	21.32	45.86	9.52	31.74	-2.16
Other Non Operating Income (Expenses)	-11.01	-7.85	-15.17	-13.33	-12.23	-7.11
EBT Excluding Unusual Items	1,707	1,676	200.71	1,859	2,479	1,647
Impairment of Goodwill	-	-	-	-	-1.31	-1.49
Gain (Loss) on Sale of Investments	2.34	0.84	-16.76	-7.24	1.11	8.23
Gain (Loss) on Sale of Assets	-4.53	-4.53	-5.19	-15.14	0.21	-2.22
Asset Writedown	5.02	-	-	-	-	-
Other Unusual Items	16.22	16.22	-66.51	74.28	62.09	53.69
Pretax Income	1,726	1,689	112.26	1,911	2,541	1,705
Income Tax Expense	127.78	129.01	-155.78	139.92	222.75	120.36
Earnings From Continuing Operations	1,598	1,560	268.03	1,771	2,318	1,585
Minority Interest in Earnings	5.68	3.94	18.07	3.79	-	-
Net Income	1,604	1,564	286.1	1,775	2,318	1,585
Net Income to Common	1,604	1,564	286.1	1,775	2,318	1,585
Net Income Growth	1746.72%	446.58%	-83.88%	-23.45%	46.28%	106.47%
Shares Outstanding (Basic)	1,541	1,548	1,589	1,569	1,564	1,235
Shares Outstanding (Diluted)	1,557	1,564	1,589	1,569	1,565	1,236
Shares Change (YoY)	-2.36%	-1.62%	1.31%	0.25%	26.56%	-12.47%
EPS (Basic)	1.04	1.01	0.18	1.13	1.48	1.28
EPS (Diluted)	1.03	1.00	0.18	1.13	1.48	1.28
EPS Growth	1791.30%	455.56%	-84.09%	-23.64%	15.58%	135.89%
Free Cash Flow	4,828	4,403	-2,440	-1,414	704.22	837.15
Free Cash Flow Per Share	3.10	2.81	-1.53	-0.90	0.45	0.68
Dividend Per Share	0.287	0.287	0.056	0.343	0.537	0.500
Dividend Growth	412.50%	412.50%	-83.67%	-36.13%	7.40%	166.67%
Gross Margin	30.33%	30.39%	29.55%	32.82%	36.81%	33.38%
Operating Margin	12.03%	12.03%	1.63%	10.96%	17.08%	15.83%
Profit Margin	10.67%	10.83%	2.41%	10.67%	16.64%	15.79%
Free Cash Flow Margin	32.11%	30.48%	-20.58%	-8.51%	5.05%	8.34%
EBITDA	2,083	2,008	448.35	2,036	2,526	1,692
EBITDA Margin	13.85%	13.90%	3.78%	12.24%	18.13%	16.86%
D&A For EBITDA	274.27	270.36	254.76	214.37	146.53	103.68
EBIT	1,809	1,737	193.59	1,822	2,379	1,589
EBIT Margin	12.03%	12.03%	1.63%	10.95%	17.08%	15.83%
Effective Tax Rate	7.40%	7.64%	-	7.32%	8.77%	7.06%
Revenue as Reported	15,035	14,443	11,855	16,628	13,932	10,037
Advertising Expenses	-	-	-	9.8	5.39	3.13

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