SHE:300532 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,360	2,367	3,054	2,411	1,597
Other Revenue	0.91	0.77	1.08	1.42	0.88
Revenue	2,361	2,367	3,055	2,413	1,598
Revenue Growth (YoY)	-0.29%	-22.51%	26.63%	50.99%	71.87%
Cost of Revenue	1,816	1,740	2,224	1,744	1,209
Gross Profit	544.99	627.18	830.8	668.76	388.51
Selling, General & Admin	168.34	172.41	202.18	208.9	174.81
Research & Development	149.41	146.13	171.9	166.03	91.18
Other Operating Expenses	13.94	1.48	2.05	9.78	6.81
Operating Expenses	307.98	341.52	414.77	407.68	294.4
Operating Income	237	285.65	416.03	261.07	94.1
Interest Expense	-4.07	-3.74	-3.59	-7.02	-9.53
Interest & Investment Income	13.98	22.1	12.68	6.53	12.16
Currency Exchange Gain (Loss)	0.34	-0.43	-0.41	-2.61	0.56
Other Non Operating Income (Expenses)	-2.65	-1.95	-8.02	-5.32	-1.65
EBT Excluding Unusual Items	244.6	301.63	416.69	252.66	95.64
Gain (Loss) on Sale of Assets	-0.08	0.15	0.18	0.18	0.61
Asset Writedown	-	-0	-0	-0.04	-0.04
Other Unusual Items	11.2	8.63	15.06	29.67	1.7
Pretax Income	255.73	310.41	431.92	282.47	97.91
Income Tax Expense	20.58	33.97	43.69	24.53	6.25
Earnings From Continuing Operations	235.14	276.43	388.23	257.94	91.66
Net Income	235.14	276.43	388.23	257.94	91.66
Net Income to Common	235.14	276.43	388.23	257.94	91.66
Net Income Growth	-14.94%	-28.80%	50.51%	181.41%	51.52%
Shares Outstanding (Basic)	452	453	446	445	403
Shares Outstanding (Diluted)	452	453	451	445	403
Shares Change (YoY)	-0.21%	0.38%	1.39%	10.56%	0.99%
EPS (Basic)	0.52	0.61	0.87	0.58	0.23
EPS (Diluted)	0.52	0.61	0.86	0.58	0.23
EPS Growth	-14.75%	-29.07%	48.45%	154.53%	50.03%
Free Cash Flow	69.45	192.37	596.37	264.87	-186.63
Free Cash Flow Per Share	0.15	0.42	1.32	0.59	-0.46
Dividend Per Share	0.400	0.445	0.414	0.207	0.083
Dividend Growth	-10.11%	7.54%	100.00%	149.88%	20.00%
Gross Margin	23.09%	26.49%	27.19%	27.72%	24.31%
Operating Margin	10.04%	12.07%	13.62%	10.82%	5.89%
Profit Margin	9.96%	11.68%	12.71%	10.69%	5.74%
Free Cash Flow Margin	2.94%	8.13%	19.52%	10.98%	-11.68%
EBITDA	257.44	309.8	441.87	285.45	111.19
EBITDA Margin	10.91%	13.09%	14.46%	11.83%	6.96%
D&A For EBITDA	20.43	24.15	25.84	24.37	17.08
EBIT	237	285.65	416.03	261.07	94.1
EBIT Margin	10.04%	12.07%	13.62%	10.82%	5.89%
Effective Tax Rate	8.05%	10.95%	10.12%	8.68%	6.39%
Revenue as Reported	2,361	2,367	3,055	2,413	1,598
Advertising Expenses	3.48	2.73	3.49	2.5	2.54

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