SHE:300699 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	2,968	2,847	2,443	2,508	2,502	2,587
Other Revenue	9.52	12.16	7.18	9.95	8.7	20.09
Revenue	2,978	2,860	2,450	2,518	2,511	2,607
Revenue Growth	19.36%	16.72%	-2.69%	0.26%	-3.69%	23.25%
Cost of Revenue	1,878	1,774	1,392	1,356	1,323	1,475
Gross Profit	1,100	1,085	1,058	1,162	1,188	1,132
Selling, General & Admin	164.17	160.74	149.99	152.63	145.54	106.79
Research & Development	224.3	208.11	161.75	163.39	177.15	212.74
Other Operating Expenses	56.09	25.57	-58.39	-0.29	-42.08	-28.8
Operating Expenses	489.56	412.25	243.08	366.37	301.21	281.84
Operating Income	609.99	673.09	815.23	795.23	886.57	849.97
Interest Expense	-41.29	-40.42	-23	-9.61	-5.94	-5.22
Interest & Investment Income	39.03	33.35	20.42	18.16	17.65	4.9
Earnings From Equity Investments	-0.12	0.04	0.08	-	-	1.6
Currency Exchange Gain (Loss)	-57.38	-19.57	6.2	19.06	91.94	-7.81
Other Non Operating Income (Expenses)	-0.66	-1.34	-2.22	4.18	-8.7	-0.85
EBT Excluding Unusual Items	549.57	645.15	816.72	827.04	981.52	842.59
Merger & Restructuring Charges	-	-	-	-10.52	-7.75	-
Gain (Loss) on Sale of Investments	0.51	0.61	1.94	10.19	8.11	9.35
Gain (Loss) on Sale of Assets	-0.05	0.1	1.22	-	0.24	2.37
Asset Writedown	-2.16	-0.17	-0.01	-13.34	-0.87	-1.38
Other Unusual Items	77.58	62.77	-6.16	179.53	62.74	-1.38
Pretax Income	625.45	708.46	813.71	992.88	1,044	851.56
Income Tax Expense	97.49	109.13	127.57	151.97	137.82	95.37
Earnings From Continuing Operations	527.96	599.32	686.14	840.91	906.15	756.19
Minority Interest in Earnings	4.82	4.08	55.05	32.25	28.1	2.2
Net Income	532.79	603.4	741.18	873.17	934.25	758.38
Net Income to Common	532.79	603.4	741.18	873.17	934.25	758.38
Net Income Growth	-17.05%	-18.59%	-15.12%	-6.54%	23.19%	18.18%
Shares Outstanding (Basic)	822	825	826	831	829	831
Shares Outstanding (Diluted)	822	825	826	831	829	831
Shares Change	-0.77%	-0.10%	-0.57%	0.15%	-0.21%	0.37%
EPS (Basic)	0.65	0.73	0.90	1.05	1.13	0.91
EPS (Diluted)	0.65	0.73	0.90	1.05	1.13	0.91
EPS Growth	-16.59%	-18.66%	-14.63%	-6.68%	23.45%	17.74%

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	156.66	547.56	23.79	-210.45	-550.53	595.23
Free Cash Flow Per Share	0.19	0.66	0.03	-0.25	-0.66	0.72
Dividend Per Share	0.500	0.500	0.500	0.500	0.438	0.313
Dividend Growth	0%	0%	0%	14.29%	40.00%	0%
Gross Margin	36.93%	37.96%	43.20%	46.14%	47.30%	43.41%
Operating Margin	20.49%	23.54%	33.28%	31.59%	35.31%	32.60%
Profit Margin	17.89%	21.10%	30.25%	34.68%	37.20%	29.09%
Free Cash Flow Margin	5.26%	19.15%	0.97%	-8.36%	-21.92%	22.83%
EBITDA	1,037	1,061	1,086	990.1	1,061	993.49
EBITDA Margin	34.82%	37.11%	44.32%	39.33%	42.27%	38.10%
D&A For EBITDA	426.62	388.07	270.68	194.86	174.83	143.52
EBIT	609.99	673.09	815.23	795.23	886.57	849.97
EBIT Margin	20.49%	23.54%	33.28%	31.59%	35.31%	32.60%
Effective Tax Rate	15.59%	15.40%	15.68%	15.31%	13.20%	11.20%
Revenue as Reported	2,978	2,860	2,450	2,518	2,511	2,607
Advertising Expenses	-	5.71	4.49	2.57	4	1.82