SHE:300475 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	Dec '21 Dec 31, 2021
Operating Revenue	51,082	35,223	24,258	11,254	13,763	9,190
Other Revenue	27.57	27.57	13.09	13.39	9.33	15.2
Revenue	51,110	35,251	24,271	11,268	13,772	9,206
Revenue Growth (YoY)	71.08%	45.24%	115.40%	-18.19%	49.61%	3376.71%
Cost of Revenue	47,719	33,871	23,379	10,628	13,224	8,854
Gross Profit	3,391	1,380	892.52	639.47	548	351.55
Selling, General & Admin	617.37	298.56	261.92	113.87	90.17	89.21
Research & Development	20.32	18.71	20.84	10.57	12.66	8.44
Other Operating Expenses	1.32	1.28	-0.79	0.35	-0.72	2.55
Operating Expenses	636.31	318.63	281.69	123.56	103.47	100.45
Operating Income	2,754	1,061	610.83	515.91	444.53	251.09
Interest Expense	-369.16	-246.89	-250.25	-144.83	-117.97	-53.96
Interest & Investment Income	29.87	20.23	25.15	2.35	33.94	68.23
Currency Exchange Gain (Loss)	8.95	8.95	-0.52	8.4	-1.56	0.47
Other Non Operating Income (Expenses)	-24.09	-22.31	-15.12	-8.68	-13.76	-12.67
EBT Excluding Unusual Items	2,400	821.23	370.09	373.14	345.17	253.17
Gain (Loss) on Sale of Investments	61.25	30.93	-69.63	93.96	41.25	9.32
Gain (Loss) on Sale of Assets	0.33	0.29	1.09	0.91	0.11	3.15
Asset Writedown	6.54	-	-0.15	-	-	-0
Other Unusual Items	4.17	4.16	2.41	1.72	3.13	3.56
Pretax Income	2,472	856.6	303.8	469.73	389.66	269.21
Income Tax Expense	447.54	161.47	45.87	94.36	75.5	47.71
Earnings From Continuing Operations	2,025	695.13	257.94	375.37	314.16	221.49
Minority Interest in Earnings	-169.48	-150.54	6.14	2.29	-0.19	2.38
Net Income	1,855	544.59	264.07	377.66	313.97	223.87
Net Income to Common	1,855	544.59	264.07	377.66	313.97	223.87
Net Income Growth	595.64%	106.23%	-30.08%	20.29%	40.25%	247.76%
Shares Outstanding (Basic)	473	462	455	450	419	422
Shares Outstanding (Diluted)	478	465	472	450	419	422
Shares Change (YoY)	4.26%	-1.29%	4.88%	7.40%	-0.89%	-1.58%
EPS (Basic)	3.92	1.18	0.58	0.84	0.75	0.53
EPS (Diluted)	3.88	1.17	0.56	0.84	0.75	0.53
EPS Growth	567.20%	108.93%	-33.33%	12.00%	41.51%	253.33%
Free Cash Flow	4,120	1,428	-67.91	703.36	-685.11	-120.71
Free Cash Flow Per Share	8.62	3.07	-0.14	1.56	-1.64	-0.29
Dividend Per Share	0.118	0.118	0.058	0.166	0.140	0.107
Dividend Growth	103.45%	103.45%	-65.06%	18.57%	30.84%	-
Gross Margin	6.63%	3.91%	3.68%	5.67%	3.98%	3.82%
Operating Margin	5.39%	3.01%	2.52%	4.58%	3.23%	2.73%
Profit Margin	3.63%	1.54%	1.09%	3.35%	2.28%	2.43%
Free Cash Flow Margin	8.06%	4.05%	-0.28%	6.24%	-4.98%	-1.31%
EBITDA	2,766	1,073	622.84	526.64	455.26	265.83
EBITDA Margin	5.41%	3.04%	2.57%	4.67%	3.31%	2.89%
D&A For EBITDA	12.03	12.03	12.01	10.74	10.73	14.74
EBIT	2,754	1,061	610.83	515.91	444.53	251.09
EBIT Margin	5.39%	3.01%	2.52%	4.58%	3.23%	2.73%
Effective Tax Rate	18.10%	18.85%	15.10%	20.09%	19.38%	17.72%
Revenue as Reported	51,110	35,251	24,271	11,268	13,772	9,206
Advertising Expenses	-	-	-	0.52	0.16	-

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