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	Jun '26 Jun 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	2,700	2,453	1,924	1,440	1,227	1,024
Other Revenue	11	19.92	19.49	27.86	23.2	3.6
Revenue	2,711	2,473	1,943	1,468	1,250	1,028
Revenue Growth	22.43%	27.24%	32.42%	17.42%	21.59%	49.26%
Cost of Revenue	494.18	477.94	424.53	340.36	270.08	229.01
Gross Profit	2,217	1,995	1,519	1,127	979.78	798.91
Selling, General & Admin	988.8	938.52	875.78	689.8	595.39	456.54
Research & Development	295.45	225.91	220.66	167.3	145.61	88.45
Other Operating Expenses	37.12	18.92	10.68	7.16	6.66	13.8
Operating Expenses	1,323	1,184	1,110	867.29	748.58	558.6
Operating Income	893.82	810.48	408.42	259.93	231.2	240.31
Interest Expense	-2.31	-4.44	-5.71	-1.44	-0.94	-5.99
Interest & Investment Income	1.72	2.25	5.66	7.91	9.93	3.98
Currency Exchange Gain (Loss)	1.66	-1.67	-0.11	0.2	-0.09	-0.13
Other Non Operating Income (Expenses)	10.08	-1.49	-2.11	-1.15	-19.31	-1.05
EBT Excluding Unusual Items	904.97	805.14	406.15	265.45	220.79	237.12
Gain (Loss) on Sale of Investments	5.13	-	-0.02	-	-	-
Gain (Loss) on Sale of Assets	-0.01	0.05	-0.98	-0.04	0.42	5.16
Asset Writedown	-3.74	-3.7	-14.05	-	-0	-0
Other Unusual Items	-8.48	-1.22	3.94	-0.42	12.51	1.26
Pretax Income	897.87	800.28	395.03	264.99	233.72	243.54
Income Tax Expense	106.43	104.42	56.97	24.96	22.03	34.43
Earnings From Continuing Operations	791.43	695.86	338.06	240.04	211.68	209.11
Minority Interest in Earnings	-	-	-	-	-	-14.41
Net Income	791.43	695.86	338.06	240.04	211.68	194.7
Net Income to Common	791.43	695.86	338.06	240.04	211.68	194.7
Net Income Growth	57.16%	105.84%	40.84%	13.39%	8.72%	121.31%
Shares Outstanding (Basic)	358	357	355	353	350	324
Shares Outstanding (Diluted)	358	357	355	353	350	325
Shares Change	0.66%	0.37%	0.60%	0.95%	7.46%	-0.31%
EPS (Basic)	2.21	1.95	0.95	0.68	0.61	0.60
EPS (Diluted)	2.21	1.95	0.95	0.68	0.61	0.60
EPS Growth	56.13%	105.08%	40.00%	12.33%	1.17%	120.43%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	597.98	482.86	218.27	55.61	-12.96	211.9
Free Cash Flow Per Share	1.67	1.35	0.61	0.16	-0.04	0.65
Dividend Per Share	0.990	1.172	0.739	1.302	0.377	0.163
Dividend Growth	1.46%	58.67%	-43.24%	245.33%	130.72%	160.19%
Gross Margin	81.77%	80.67%	78.16%	76.81%	78.39%	77.72%
Operating Margin	32.97%	32.77%	21.02%	17.71%	18.50%	23.38%
Profit Margin	29.19%	28.14%	17.39%	16.36%	16.94%	18.94%
Free Cash Flow Margin	22.06%	19.53%	11.23%	3.79%	-1.04%	20.61%
EBITDA	1,007	911.51	502.42	340.3	297.23	297.55
EBITDA Margin	37.16%	36.86%	25.85%	23.19%	23.78%	28.95%
D&A For EBITDA	113.61	101.04	94	80.38	66.03	57.24
EBIT	893.82	810.48	408.42	259.93	231.2	240.31
EBIT Margin	32.97%	32.77%	21.02%	17.71%	18.50%	23.38%
Effective Tax Rate	11.85%	13.05%	14.42%	9.42%	9.43%	14.14%
Revenue as Reported	2,711	2,473	1,943	1,468	1,250	1,028
Advertising Expenses	-	-	-	13.81	13	5.22