SHE:300628 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	6,245	6,018	5,606	4,334	4,805	3,681
Other Revenue	15.27	15.27	15.6	14.51	5.2	3.28
Revenue	6,260	6,033	5,621	4,348	4,811	3,684
Revenue Growth (YoY)	10.55%	7.33%	29.28%	-9.62%	30.57%	33.76%
Cost of Revenue	2,304	2,234	1,955	1,493	1,782	1,427
Gross Profit	3,956	3,799	3,666	2,855	3,028	2,258
Selling, General & Admin	555.61	537.58	447.69	408.74	367.17	286.66
Research & Development	539.72	529.95	559.35	499.07	495.64	364.68
Other Operating Expenses	90.59	85.89	63.62	46.57	51.24	27.36
Operating Expenses	1,192	1,164	1,071	956.67	915.11	687.26
Operating Income	2,764	2,635	2,596	1,899	2,113	1,570
Interest Expense	-0.36	-0.38	-0.37	-1.21	-1.42	-1.24
Interest & Investment Income	170.02	168.59	163.26	165.86	144.88	164.01
Currency Exchange Gain (Loss)	0.29	0.29	63.89	34.21	123.71	-19.74
Other Non Operating Income (Expenses)	-56.8	-4.7	-4.21	-4.17	-2.14	-1.32
EBT Excluding Unusual Items	2,877	2,799	2,818	2,093	2,378	1,712
Gain (Loss) on Sale of Investments	4.64	-8.36	41.67	45.98	-29.13	21.94
Gain (Loss) on Sale of Assets	0.25	-	-	-0	-0.13	0.04
Asset Writedown	0.58	-2.2	-0.06	-0.13	-	-
Other Unusual Items	58.47	49.73	35.34	41.21	26.5	35.2
Pretax Income	2,941	2,838	2,895	2,180	2,376	1,769
Income Tax Expense	246.84	237.69	247.27	170.06	197.93	153.1
Net Income	2,694	2,601	2,648	2,010	2,178	1,616
Net Income to Common	2,694	2,601	2,648	2,010	2,178	1,616
Net Income Growth	2.01%	-1.78%	31.72%	-7.69%	34.75%	26.38%
Shares Outstanding (Basic)	1,266	1,265	1,264	1,264	1,264	1,258
Shares Outstanding (Diluted)	1,266	1,266	1,265	1,264	1,265	1,261
Shares Change (YoY)	0.07%	0.05%	0.11%	-0.09%	0.33%	0.34%
EPS (Basic)	2.13	2.06	2.10	1.59	1.72	1.28
EPS (Diluted)	2.13	2.05	2.09	1.59	1.72	1.28
EPS Growth	1.94%	-1.84%	31.57%	-7.61%	34.30%	25.95%
Free Cash Flow	1,586	1,779	2,369	1,614	1,465	810.53
Free Cash Flow Per Share	1.25	1.41	1.87	1.28	1.16	0.64
Dividend Per Share	1.800	1.800	1.900	1.400	0.929	0.571
Dividend Growth	-5.26%	-5.26%	35.71%	50.77%	62.51%	23.07%
Gross Margin	63.19%	62.98%	65.22%	65.67%	62.95%	61.28%
Operating Margin	44.16%	43.68%	46.17%	43.66%	43.93%	42.62%
Profit Margin	43.04%	43.10%	47.10%	46.23%	45.27%	43.86%
Free Cash Flow Margin	25.34%	29.49%	42.14%	37.11%	30.45%	22.00%
EBITDA	2,845	2,716	2,675	1,962	2,169	1,604
EBITDA Margin	45.45%	45.02%	47.59%	45.13%	45.09%	43.54%
D&A For EBITDA	81.19	80.92	79.83	63.76	55.59	33.78
EBIT	2,764	2,635	2,596	1,899	2,113	1,570
EBIT Margin	44.16%	43.68%	46.17%	43.66%	43.93%	42.62%
Effective Tax Rate	8.39%	8.37%	8.54%	7.80%	8.33%	8.65%
Revenue as Reported	6,260	6,033	5,621	4,348	4,811	3,684

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