SHE:300705 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	3,007	3,108	2,930	2,691	2,325	1,627
Other Revenue	2.79	2.79	1.15	1.02	0.89	0.82
Revenue	3,010	3,111	2,931	2,693	2,326	1,628
Revenue Growth (YoY)	-0.85%	6.15%	8.85%	15.75%	42.92%	66.40%
Cost of Revenue	862.53	849.11	790.88	621.79	522.52	365.47
Gross Profit	2,148	2,262	2,140	2,071	1,804	1,262
Selling, General & Admin	1,466	1,470	1,331	1,405	1,285	878.31
Research & Development	189.5	218.41	245.97	254.12	201.26	146.26
Other Operating Expenses	25.99	28.7	25.15	28.47	25.87	21.04
Operating Expenses	1,683	1,718	1,598	1,696	1,525	1,051
Operating Income	464.54	543.69	541.62	375.12	278.84	211.22
Interest Expense	-18.42	-14.99	-18.63	-11.06	-18.42	-16.01
Interest & Investment Income	1.83	2.46	8.56	7.67	6.8	5.82
Currency Exchange Gain (Loss)	-0.06	-0.06	-0.26	-0.42	-0.27	-0.14
Other Non Operating Income (Expenses)	-22.02	-23.8	-0.58	-0.29	-0.24	-0.19
EBT Excluding Unusual Items	425.87	507.31	530.71	371.02	266.71	200.7
Gain (Loss) on Sale of Investments	-1.4	-0.96	-	-	-	-
Gain (Loss) on Sale of Assets	-0.07	0.05	-	0.03	-	0.02
Asset Writedown	-4.37	-4.22	-1.92	-1.46	-1.3	-1.9
Other Unusual Items	24.22	24.18	43.4	32.57	24.81	27.38
Pretax Income	444.26	526.36	572.19	402.16	290.22	226.19
Income Tax Expense	45.73	56.33	59.82	33.9	20.52	21.94
Earnings From Continuing Operations	398.52	470.04	512.38	368.26	269.7	204.25
Minority Interest in Earnings	5.26	2.78	-	-	-	-
Net Income	403.78	472.82	512.38	368.26	269.7	204.25
Net Income to Common	403.78	472.82	512.38	368.26	269.7	204.25
Net Income Growth	-21.21%	-7.72%	39.13%	36.55%	32.05%	148.29%
Shares Outstanding (Basic)	496	493	488	478	460	461
Shares Outstanding (Diluted)	501	498	493	504	460	461
Shares Change (YoY)	0.93%	1.02%	-2.34%	9.55%	-0.15%	0.13%
EPS (Basic)	0.81	0.96	1.05	0.77	0.59	0.44
EPS (Diluted)	0.81	0.95	1.04	0.73	0.59	0.44
EPS Growth	-21.94%	-8.65%	42.47%	24.64%	32.24%	147.98%
Free Cash Flow	-64.97	-5.83	348.5	4.37	-144.39	64.94
Free Cash Flow Per Share	-0.13	-0.01	0.71	0.01	-0.31	0.14
Dividend Per Share	0.400	0.400	0.313	0.229	0.169	0.133
Dividend Growth	27.81%	27.81%	36.49%	36.00%	26.67%	507.76%
Gross Margin	71.35%	72.70%	73.01%	76.91%	77.54%	77.55%
Operating Margin	15.43%	17.48%	18.48%	13.93%	11.99%	12.98%
Profit Margin	13.41%	15.20%	17.48%	13.68%	11.59%	12.55%
Free Cash Flow Margin	-2.16%	-0.19%	11.89%	0.16%	-6.21%	3.99%
EBITDA	591.45	664.19	636.49	446.5	338.49	264.8
EBITDA Margin	19.65%	21.35%	21.72%	16.58%	14.55%	16.27%
D&A For EBITDA	126.91	120.5	94.87	71.37	59.64	53.58
EBIT	464.54	543.69	541.62	375.12	278.84	211.22
EBIT Margin	15.43%	17.48%	18.48%	13.93%	11.99%	12.98%
Effective Tax Rate	10.29%	10.70%	10.45%	8.43%	7.07%	9.70%
Revenue as Reported	3,010	3,111	2,931	2,693	2,326	1,628
Advertising Expenses	-	39.64	79.64	73.01	77.41	28.51

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