SHE:300693 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	Dec '21 Dec 31, 2021
Operating Revenue	3,515	3,375	2,972	2,592	1,466	998.73
Other Revenue	87.9	87.9	64.34	59.28	37.34	22.66
Revenue	3,603	3,463	3,036	2,651	1,503	1,021
Revenue Growth (YoY)	18.45%	14.05%	14.53%	76.37%	47.16%	32.41%
Cost of Revenue	2,238	2,160	1,868	1,584	854.42	587.72
Gross Profit	1,365	1,302	1,169	1,067	648.68	433.66
Selling, General & Admin	531.39	516.95	475.57	424.92	268.34	200.65
Research & Development	292.32	286.84	256.75	231	147.97	113.48
Other Operating Expenses	-4.83	-17.06	-26.16	-18.99	-15.59	-19.25
Operating Expenses	840.82	808.67	718.4	647.75	414.86	306.09
Operating Income	524.29	493.83	450.19	419	233.82	127.57
Interest Expense	-5.3	-5.3	-7.84	-5.23	-5.18	-4.6
Interest & Investment Income	15.52	15.52	3.5	6.07	3.97	1.37
Currency Exchange Gain (Loss)	-0.53	-0.53	3.22	10.92	5.61	-3.82
Other Non Operating Income (Expenses)	-13.11	-1.08	-0.56	0.59	-1.88	1.3
EBT Excluding Unusual Items	520.87	502.44	448.52	431.35	236.34	121.83
Gain (Loss) on Sale of Investments	2.09	4.35	5.59	5.23	3.57	3.09
Gain (Loss) on Sale of Assets	0.24	0.23	0.67	0.58	0.03	-0.01
Asset Writedown	-1.58	-0.69	-0.56	-0.23	-1.38	-0.19
Legal Settlements	-	-	-0.37	-1.34	-	-
Other Unusual Items	8.64	8.64	8.58	20.37	7.74	-0.02
Pretax Income	530.27	514.98	462.43	455.96	246.3	124.7
Income Tax Expense	41.64	40.69	38.07	54.89	22.76	11.25
Earnings From Continuing Operations	488.63	474.29	424.37	401.07	223.55	113.45
Minority Interest in Earnings	-0.23	1.82	4.61	1.76	-	-
Net Income	488.4	476.11	428.98	402.83	223.55	113.45
Net Income to Common	488.4	476.11	428.98	402.83	223.55	113.45
Net Income Growth	12.14%	10.99%	6.49%	80.20%	97.04%	6.93%
Shares Outstanding (Basic)	312	311	310	309	307	309
Shares Outstanding (Diluted)	312	311	310	309	308	309
Shares Change (YoY)	0.34%	0.34%	0.31%	0.57%	-0.33%	0.47%
EPS (Basic)	1.57	1.53	1.38	1.30	0.73	0.37
EPS (Diluted)	1.57	1.53	1.38	1.30	0.73	0.37
EPS Growth	11.77%	10.62%	6.16%	79.17%	97.69%	6.43%
Free Cash Flow	573.71	577.42	216.29	292.73	58.97	-32.51
Free Cash Flow Per Share	1.84	1.85	0.70	0.95	0.19	-0.10
Dividend Per Share	0.500	0.500	0.500	0.330	0.147	0.080
Dividend Growth	-	-	51.52%	124.49%	83.29%	12.48%
Gross Margin	37.89%	37.61%	38.49%	40.24%	43.16%	42.46%
Operating Margin	14.55%	14.26%	14.83%	15.80%	15.56%	12.49%
Profit Margin	13.56%	13.75%	14.13%	15.20%	14.87%	11.11%
Free Cash Flow Margin	15.93%	16.68%	7.12%	11.04%	3.92%	-3.18%
EBITDA	576.43	544.07	492.87	446.47	254.32	140.93
EBITDA Margin	16.00%	15.71%	16.23%	16.84%	16.92%	13.80%
D&A For EBITDA	52.14	50.25	42.68	27.47	20.49	13.36
EBIT	524.29	493.83	450.19	419	233.82	127.57
EBIT Margin	14.55%	14.26%	14.83%	15.80%	15.56%	12.49%
Effective Tax Rate	7.85%	7.90%	8.23%	12.04%	9.24%	9.02%
Revenue as Reported	3,463	3,463	3,036	2,651	1,503	-
Advertising Expenses	-	19.55	17.53	11.73	-	3.68

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