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	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	Jan '22 Jan 1, 2022
Operating Revenue	3,017	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	3,029	2,786	2,554	2,489	1,920	1,195
Revenue Growth	16.69%	9.08%	2.62%	29.62%	60.69%	29.51%
Cost of Revenue	1,470	1,356	1,291	1,280	1,075	662.35
Gross Profit	1,559	1,430	1,263	1,208	844.69	532.55
Selling, General & Admin	226.72	210.53	208.98	196.88	176.95	109.76
Research & Development	164.8	150.35	146.04	147.47	121.35	76.83
Other Operating Expenses	37.95	22.45	25.17	24.36	23.11	22.87
Operating Expenses	456.35	411.94	421.3	394.16	338.3	200.69
Operating Income	1,103	1,018	842.06	814.32	506.39	331.86
Interest Expense	-45.43	-43.04	-41.95	-28.94	-6.24	-8.08
Interest & Investment Income	59.04	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)	-115.79	-0.78	3.44	-5.24	-2.9	-0.5
EBT Excluding Unusual Items	977.75	1,024	861.55	831.82	596.55	332.93
Gain (Loss) on Sale of Investments	-6.65	-6.84	1.96	-33.38	3.15	-1.59
Gain (Loss) on Sale of Assets	-0.45	0.06	0.04	-0.32	-0.01	0.08
Asset Writedown	-3.26	-0.51	-0.27	-	-0.14	-0.03
Legal Settlements	-	-	-	-	-	1
Other Unusual Items	40.39	32.12	43.81	19.25	12.1	14.56
Pretax Income	1,008	1,049	907.08	817.37	611.65	346.95
Income Tax Expense	114.89	145.78	112.63	95.86	76.74	41.5
Earnings From Continuing Operations	892.88	902.89	794.45	721.51	534.92	305.45
Minority Interest in Earnings	-0.89	-5.78	-7.21	-4.48	2.79	5.41
Net Income	891.99	897.11	787.24	717.03	537.7	310.86
Net Income to Common	891.99	897.11	787.24	717.03	537.7	310.86
Net Income Growth	5.87%	13.96%	9.79%	33.35%	72.97%	53.85%
Shares Outstanding (Basic)	510	507	505	501	498	489
Shares Outstanding (Diluted)	510	507	508	509	503	493
Shares Change	-0.18%	-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	6.06%	14.19%	9.93%	31.78%	69.55%	46.39%

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	Jan '22 Jan 1, 2022
Free Cash Flow	805.83	670	552.96	509.48	643.09	210.62
Free Cash Flow Per Share	1.58	1.32	1.09	1.00	1.28	0.43
Dividend Per Share	0.291	0.353	0.719	0.568	0.428	0.191
Dividend Growth	-62.69%	-50.90%	26.58%	32.71%	123.97%	114.96%
Gross Margin	51.47%	51.34%	49.46%	48.56%	43.99%	44.57%
Operating Margin	36.40%	36.55%	32.97%	32.72%	26.37%	27.77%
Profit Margin	29.45%	32.20%	30.82%	28.81%	28.00%	26.02%
Free Cash Flow Margin	26.61%	24.05%	21.65%	20.47%	33.49%	17.63%
EBITDA	1,212	1,137	972.55	942.53	611	429.39
EBITDA Margin	40.02%	40.81%	38.08%	37.87%	31.82%	35.94%
D&A For EBITDA	109.7	118.61	130.49	128.22	104.62	97.53
EBIT	1,103	1,018	842.06	814.32	506.39	331.86
EBIT Margin	36.40%	36.55%	32.97%	32.72%	26.37%	27.77%
Effective Tax Rate	11.40%	13.90%	12.42%	11.73%	12.55%	11.96%
Revenue as Reported	3,029	2,786	2,554	2,489	1,920	1,195
Advertising Expenses	-	1.8	0.43	0.63	0.36	0.36