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	3,010	3,111	2,930	2,691	2,325	1,627
Other Revenue	-	-	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	855.11	841.68	790.88	621.79	522.52	365.47
Gross Profit	2,155	2,269	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	-5.36	-2.65	25.15	28.47	25.87	21.04
Operating Expenses	1,650	1,686	1,598	1,696	1,525	1,051
Operating Income	505.33	583.19	541.62	375.12	278.84	211.22
Interest Expense	-0.17	-	-18.63	-11.06	-18.42	-16.01
Interest & Investment Income	-	-	8.56	7.67	6.8	5.82
Currency Exchange Gain (Loss)	-	-	-0.26	-0.42	-0.27	-0.14
Other Non Operating Income (Expenses)	-28.56	-25.07	-0.58	-0.29	-0.24	-0.19
EBT Excluding Unusual Items	476.61	558.12	530.71	371.02	266.71	200.7
Gain (Loss) on Sale of Investments	-1.4	-0.96	-	-	-	-
Gain (Loss) on Sale of Assets	0.05	0.05	-	0.03	-	0.02
Asset Writedown	-31	-30.85	-1.92	-1.46	-1.3	-1.9
Other Unusual Items	-	-	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	-	-	0.313	0.229	0.169	0.133
Dividend Growth	-	-	36.49%	36.00%	26.67%	507.76%
Gross Margin	71.59%	72.94%	73.01%	76.91%	77.54%	77.55%
Operating Margin	16.79%	18.75%	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	637.45	707.33	633.88	446.5	338.49	264.8
EBITDA Margin	21.18%	22.74%	21.63%	16.58%	14.55%	16.27%
D&A For EBITDA	132.11	124.14	92.26	71.37	59.64	53.58
EBIT	505.33	583.19	541.62	375.12	278.84	211.22
EBIT Margin	16.79%	18.75%	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	-	-	2,931	2,693	2,326	1,628
Advertising Expenses	-	-	79.64	73.01	77.41	28.51

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.