SHE:300487 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	2,804	2,774	2,542	2,478	1,913	1,191
Other Revenue	12.3	12.3	12.45	11.19	7.45	3.74
Revenue	2,816	2,786	2,554	2,489	1,920	1,195
Revenue Growth (YoY)	12.65%	9.08%	2.62%	29.62%	60.69%	29.51%
Cost of Revenue	1,342	1,356	1,291	1,280	1,075	662.35
Gross Profit	1,474	1,430	1,263	1,208	844.69	532.55
Selling, General & Admin	214.57	210.53	208.98	196.88	176.95	109.76
Research & Development	147.53	150.35	146.04	147.47	121.35	76.83
Other Operating Expenses	21.09	22.45	25.17	24.36	23.11	22.87
Operating Expenses	411.46	411.94	421.3	394.16	338.3	200.69
Operating Income	1,063	1,018	842.06	814.32	506.39	331.86
Interest Expense	-43.85	-43.04	-41.95	-28.94	-6.24	-8.08
Interest & Investment Income	60.03	72.07	45.19	30.29	50.92	25.2
Currency Exchange Gain (Loss)	-22.66	-22.66	12.81	21.39	48.38	-15.55
Other Non Operating Income (Expenses)	-48.68	-0.78	3.44	-5.24	-2.9	-0.5
EBT Excluding Unusual Items	1,007	1,024	861.55	831.82	596.55	332.93
Gain (Loss) on Sale of Investments	-8.21	-6.84	1.96	-33.38	3.15	-1.59
Gain (Loss) on Sale of Assets	-0.04	0.06	0.04	-0.32	-0.01	0.08
Asset Writedown	-0.39	-0.51	-0.27	-	-0.14	-0.03
Legal Settlements	-	-	-	-	-	1
Other Unusual Items	31.91	32.12	43.81	19.25	12.1	14.56
Pretax Income	1,031	1,049	907.08	817.37	611.65	346.95
Income Tax Expense	141.23	145.78	112.63	95.86	76.74	41.5
Earnings From Continuing Operations	889.44	902.89	794.45	721.51	534.92	305.45
Minority Interest in Earnings	-3.55	-5.78	-7.21	-4.48	2.79	5.41
Net Income	885.89	897.11	787.24	717.03	537.7	310.86
Net Income to Common	885.89	897.11	787.24	717.03	537.7	310.86
Net Income Growth	9.20%	13.96%	9.79%	33.35%	72.97%	53.85%
Shares Outstanding (Basic)	506	507	505	501	498	489
Shares Outstanding (Diluted)	506	507	508	509	503	493
Shares Change (YoY)	-0.24%	-0.21%	-0.13%	1.20%	2.02%	5.09%
EPS (Basic)	1.75	1.77	1.56	1.43	1.08	0.64
EPS (Diluted)	1.75	1.77	1.55	1.41	1.07	0.63
EPS Growth	9.47%	14.19%	9.93%	31.78%	69.55%	46.39%
Free Cash Flow	731.4	670	552.96	509.48	643.09	210.62
Free Cash Flow Per Share	1.45	1.32	1.09	1.00	1.28	0.43
Dividend Per Share	0.353	0.353	0.719	0.568	0.428	0.191
Dividend Growth	-50.90%	-50.90%	26.58%	32.71%	123.97%	114.96%
Gross Margin	52.34%	51.34%	49.46%	48.56%	43.99%	44.57%
Operating Margin	37.73%	36.55%	32.97%	32.72%	26.37%	27.77%
Profit Margin	31.46%	32.20%	30.82%	28.81%	28.00%	26.02%
Free Cash Flow Margin	25.97%	24.05%	21.65%	20.47%	33.49%	17.63%
EBITDA	1,178	1,137	972.55	942.53	611	429.39
EBITDA Margin	41.84%	40.81%	38.08%	37.87%	31.82%	35.94%
D&A For EBITDA	115.64	118.61	130.49	128.22	104.62	97.53
EBIT	1,063	1,018	842.06	814.32	506.39	331.86
EBIT Margin	37.73%	36.55%	32.97%	32.72%	26.37%	27.77%
Effective Tax Rate	13.70%	13.90%	12.42%	11.73%	12.55%	11.96%
Revenue as Reported	2,816	2,786	2,554	2,489	1,920	1,195
Advertising Expenses	-	1.8	0.43	0.63	0.36	0.36

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