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	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	Dec '21 Dec 31, 2021
Operating Revenue	78,303	35,223	24,258	11,254	13,763	9,190
Other Revenue	29.62	27.57	13.09	13.39	9.33	15.2
Revenue	78,332	35,251	24,271	11,268	13,772	9,206
Revenue Growth	133.21%	45.24%	115.40%	-18.19%	49.61%	3376.71%
Cost of Revenue	70,404	33,871	23,379	10,628	13,224	8,854
Gross Profit	7,928	1,380	892.52	639.47	548	351.55
Selling, General & Admin	1,416	298.56	261.92	113.87	90.17	89.21
Research & Development	119.85	18.71	20.84	10.57	12.66	8.44
Other Operating Expenses	7.39	1.28	-0.79	0.35	-0.72	2.55
Operating Expenses	1,544	318.63	281.69	123.56	103.47	100.45
Operating Income	6,385	1,061	610.83	515.91	444.53	251.09
Interest Expense	-453.67	-246.89	-250.25	-144.83	-117.97	-53.96
Interest & Investment Income	54.84	20.23	25.15	2.35	33.94	68.23
Currency Exchange Gain (Loss)	-0.49	8.95	-0.52	8.4	-1.56	0.47
Other Non Operating Income (Expenses)	-30.09	-22.31	-15.12	-8.68	-13.76	-12.67
EBT Excluding Unusual Items	5,955	821.23	370.09	373.14	345.17	253.17
Gain (Loss) on Sale of Investments	174.33	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	-0	-	-0.15	-	-	-0
Other Unusual Items	6.3	4.16	2.41	1.72	3.13	3.56
Pretax Income	6,136	856.6	303.8	469.73	389.66	269.21
Income Tax Expense	1,173	161.47	45.87	94.36	75.5	47.71
Earnings From Continuing Operations	4,964	695.13	257.94	375.37	314.16	221.49
Minority Interest in Earnings	-935.27	-150.54	6.14	2.29	-0.19	2.38
Net Income	4,028	544.59	264.07	377.66	313.97	223.87
Net Income to Common	4,028	544.59	264.07	377.66	313.97	223.87
Net Income Growth	1416.88%	106.23%	-30.08%	20.29%	40.25%	247.76%
Shares Outstanding (Basic)	462	462	455	450	419	422
Shares Outstanding (Diluted)	469	465	472	450	419	422
Shares Change	-0.96%	-1.29%	4.88%	7.40%	-0.89%	-1.58%
EPS (Basic)	8.71	1.18	0.58	0.84	0.75	0.53
EPS (Diluted)	8.59	1.17	0.56	0.84	0.75	0.53
EPS Growth	1431.56%	108.93%	-33.33%	12.00%	41.51%	253.33%

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	Dec '21 Dec 31, 2021
Free Cash Flow	7,652	1,428	-67.91	703.36	-685.11	-120.71
Free Cash Flow Per Share	16.31	3.07	-0.14	1.56	-1.64	-0.29
Dividend Per Share	0.083	0.118	0.058	0.166	0.140	0.107
Dividend Growth	-10.75%	103.45%	-65.06%	18.57%	30.84%	-
Gross Margin	10.12%	3.91%	3.68%	5.67%	3.98%	3.82%
Operating Margin	8.15%	3.01%	2.52%	4.58%	3.23%	2.73%
Profit Margin	5.14%	1.54%	1.09%	3.35%	2.28%	2.43%
Free Cash Flow Margin	9.77%	4.05%	-0.28%	6.24%	-4.98%	-1.31%
EBITDA	6,396	1,073	622.84	526.64	455.26	265.83
EBITDA Margin	8.17%	3.04%	2.57%	4.67%	3.31%	2.89%
D&A For EBITDA	11.95	12.03	12.01	10.74	10.73	14.74
EBIT	6,385	1,061	610.83	515.91	444.53	251.09
EBIT Margin	8.15%	3.01%	2.52%	4.58%	3.23%	2.73%
Effective Tax Rate	19.11%	18.85%	15.10%	20.09%	19.38%	17.72%
Revenue as Reported	78,332	35,251	24,271	11,268	13,772	9,206
Advertising Expenses	-	-	-	0.52	0.16	-