SHE:300573 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	2,600	2,453	1,924	1,440	1,227	1,024
Other Revenue	19.92	19.92	19.49	27.86	23.2	3.6
Revenue	2,620	2,473	1,943	1,468	1,250	1,028
Revenue Growth (YoY)	23.03%	27.24%	32.42%	17.42%	21.59%	49.26%
Cost of Revenue	494.19	477.94	424.53	340.36	270.08	229.01
Gross Profit	2,126	1,995	1,519	1,127	979.78	798.91
Selling, General & Admin	974.5	938.52	875.78	689.8	595.39	456.54
Research & Development	263.31	225.91	220.66	167.3	145.61	88.45
Other Operating Expenses	32.43	18.92	10.68	7.16	6.66	13.8
Operating Expenses	1,271	1,184	1,110	867.29	748.58	558.6
Operating Income	854.39	810.48	408.42	259.93	231.2	240.31
Interest Expense	-3.42	-4.44	-5.71	-1.44	-0.94	-5.99
Interest & Investment Income	1.94	2.25	5.66	7.91	9.93	3.98
Currency Exchange Gain (Loss)	-1.67	-1.67	-0.11	0.2	-0.09	-0.13
Other Non Operating Income (Expenses)	0.09	-1.49	-2.11	-1.15	-19.31	-1.05
EBT Excluding Unusual Items	851.34	805.14	406.15	265.45	220.79	237.12
Gain (Loss) on Sale of Investments	-	-	-0.02	-	-	-
Gain (Loss) on Sale of Assets	-0.02	0.05	-0.98	-0.04	0.42	5.16
Asset Writedown	2.67	-3.7	-14.05	-	-0	-0
Other Unusual Items	-1.13	-1.22	3.94	-0.42	12.51	1.26
Pretax Income	852.86	800.28	395.03	264.99	233.72	243.54
Income Tax Expense	96.49	104.42	56.97	24.96	22.03	34.43
Earnings From Continuing Operations	756.37	695.86	338.06	240.04	211.68	209.11
Minority Interest in Earnings	-	-	-	-	-	-14.41
Net Income	756.37	695.86	338.06	240.04	211.68	194.7
Net Income to Common	756.37	695.86	338.06	240.04	211.68	194.7
Net Income Growth	68.38%	105.84%	40.84%	13.39%	8.72%	121.31%
Shares Outstanding (Basic)	245	246	245	244	241	224
Shares Outstanding (Diluted)	245	246	245	244	241	224
Shares Change (YoY)	-0.20%	0.37%	0.60%	0.96%	7.45%	-0.30%
EPS (Basic)	3.08	2.83	1.38	0.99	0.88	0.87
EPS (Diluted)	3.08	2.83	1.38	0.99	0.88	0.87
EPS Growth	68.72%	105.07%	40.00%	12.32%	1.19%	120.40%
Free Cash Flow	507.4	482.86	218.27	55.61	-12.96	211.9
Free Cash Flow Per Share	2.07	1.96	0.89	0.23	-0.05	0.94
Dividend Per Share	1.700	1.700	1.071	1.888	0.547	0.237
Dividend Growth	58.67%	58.67%	-43.25%	245.37%	130.73%	160.04%
Gross Margin	81.14%	80.67%	78.16%	76.81%	78.39%	77.72%
Operating Margin	32.61%	32.77%	21.02%	17.71%	18.50%	23.38%
Profit Margin	28.87%	28.14%	17.39%	16.36%	16.94%	18.94%
Free Cash Flow Margin	19.37%	19.53%	11.23%	3.79%	-1.04%	20.61%
EBITDA	957.19	911.51	502.42	340.3	297.23	297.55
EBITDA Margin	36.53%	36.86%	25.85%	23.19%	23.78%	28.95%
D&A For EBITDA	102.8	101.04	94	80.38	66.03	57.24
EBIT	854.39	810.48	408.42	259.93	231.2	240.31
EBIT Margin	32.61%	32.77%	21.02%	17.71%	18.50%	23.38%
Effective Tax Rate	11.31%	13.05%	14.42%	9.42%	9.43%	14.14%
Revenue as Reported	2,620	2,473	1,943	1,468	1,250	1,028
Advertising Expenses	-	-	-	13.81	13	5.22

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