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	Sep '26 Sep 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	115,250	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	115,277	35,251	24,271	11,268	13,772	9,206
Revenue Growth	237.46%	45.24%	115.40%	-18.19%	49.61%	3376.71%
Cost of Revenue	104,137	33,871	23,379	10,628	13,224	8,854
Gross Profit	11,140	1,380	892.52	639.47	548	351.55
Selling, General & Admin	1,818	298.56	261.92	113.87	90.17	89.21
Research & Development	121.35	18.71	20.84	10.57	12.66	8.44
Other Operating Expenses	12.01	1.28	-0.79	0.35	-0.72	2.55
Operating Expenses	1,949	318.63	281.69	123.56	103.47	100.45
Operating Income	9,191	1,061	610.83	515.91	444.53	251.09
Interest Expense	-637.12	-246.89	-250.25	-144.83	-117.97	-53.96
Interest & Investment Income	105.58	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)	-38.89	-22.31	-15.12	-8.68	-13.76	-12.67
EBT Excluding Unusual Items	8,630	821.23	370.09	373.14	345.17	253.17
Gain (Loss) on Sale of Investments	88.82	30.93	-69.63	93.96	41.25	9.32
Gain (Loss) on Sale of Assets	0.74	0.29	1.09	0.91	0.11	3.15
Asset Writedown	18.72	-	-0.15	-	-	-0
Other Unusual Items	2.08	4.16	2.41	1.72	3.13	3.56
Pretax Income	8,740	856.6	303.8	469.73	389.66	269.21
Income Tax Expense	1,507	161.47	45.87	94.36	75.5	47.71
Earnings From Continuing Operations	7,233	695.13	257.94	375.37	314.16	221.49
Minority Interest in Earnings	-1,707	-150.54	6.14	2.29	-0.19	2.38
Net Income	5,525	544.59	264.07	377.66	313.97	223.87
Net Income to Common	5,525	544.59	264.07	377.66	313.97	223.87
Net Income Growth	2032.55%	106.23%	-30.08%	20.29%	40.25%	247.76%
Shares Outstanding (Basic)	466	462	455	450	419	422
Shares Outstanding (Diluted)	474	465	472	450	419	422
Shares Change	-0.24%	-1.29%	4.88%	7.40%	-0.89%	-1.58%
EPS (Basic)	11.85	1.18	0.58	0.84	0.75	0.53
EPS (Diluted)	11.65	1.17	0.56	0.84	0.75	0.53
EPS Growth	2037.71%	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	Sep '26 Sep 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	6,900	1,428	-67.91	703.36	-685.11	-120.71
Free Cash Flow Per Share	14.55	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	9.66%	3.91%	3.68%	5.67%	3.98%	3.82%
Operating Margin	7.97%	3.01%	2.52%	4.58%	3.23%	2.73%
Profit Margin	4.79%	1.54%	1.09%	3.35%	2.28%	2.43%
Free Cash Flow Margin	5.99%	4.05%	-0.28%	6.24%	-4.98%	-1.31%
EBITDA	9,203	1,073	622.84	526.64	455.26	265.83
EBITDA Margin	7.98%	3.04%	2.57%	4.67%	3.31%	2.89%
D&A For EBITDA	12.04	12.03	12.01	10.74	10.73	14.74
EBIT	9,191	1,061	610.83	515.91	444.53	251.09
EBIT Margin	7.97%	3.01%	2.52%	4.58%	3.23%	2.73%
Effective Tax Rate	17.24%	18.85%	15.10%	20.09%	19.38%	17.72%
Revenue as Reported	115,277	35,251	24,271	11,268	13,772	9,206
Advertising Expenses	-	-	-	0.52	0.16	-