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	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	2,883	3,108	2,930	2,691	2,325	1,627
Other Revenue	2.91	2.79	1.15	1.02	0.89	0.82
Revenue	2,886	3,111	2,931	2,693	2,326	1,628
Revenue Growth	-6.20%	6.15%	8.85%	15.75%	42.92%	66.40%
Cost of Revenue	922.7	849.11	790.88	621.79	522.52	365.47
Gross Profit	1,963	2,262	2,140	2,071	1,804	1,262
Selling, General & Admin	1,359	1,470	1,331	1,405	1,285	878.31
Research & Development	170.77	218.41	245.97	254.12	201.26	146.26
Other Operating Expenses	40.19	28.7	25.15	28.47	25.87	21.04
Operating Expenses	1,569	1,718	1,598	1,696	1,525	1,051
Operating Income	393.93	543.69	541.62	375.12	278.84	211.22
Interest Expense	-23.38	-14.99	-18.63	-11.06	-18.42	-16.01
Interest & Investment Income	1.61	2.46	8.56	7.67	6.8	5.82
Currency Exchange Gain (Loss)	-0.61	-0.06	-0.26	-0.42	-0.27	-0.14
Other Non Operating Income (Expenses)	-20.65	-23.8	-0.58	-0.29	-0.24	-0.19
EBT Excluding Unusual Items	350.9	507.31	530.71	371.02	266.71	200.7
Gain (Loss) on Sale of Investments	-2.23	-0.96	-	-	-	-
Gain (Loss) on Sale of Assets	-0.01	0.05	-	0.03	-	0.02
Asset Writedown	-3.47	-4.22	-1.92	-1.46	-1.3	-1.9
Other Unusual Items	35.23	24.18	43.4	32.57	24.81	27.38
Pretax Income	380.42	526.36	572.19	402.16	290.22	226.19
Income Tax Expense	46.7	56.33	59.82	33.9	20.52	21.94
Earnings From Continuing Operations	333.72	470.04	512.38	368.26	269.7	204.25
Minority Interest in Earnings	7.34	2.78	-	-	-	-
Net Income	341.06	472.82	512.38	368.26	269.7	204.25
Net Income to Common	341.06	472.82	512.38	368.26	269.7	204.25
Net Income Growth	-34.37%	-7.72%	39.13%	36.55%	32.05%	148.29%
Shares Outstanding (Basic)	445	493	488	478	460	461
Shares Outstanding (Diluted)	446	498	493	504	460	461
Shares Change	-11.34%	1.02%	-2.34%	9.55%	-0.15%	0.13%
EPS (Basic)	0.77	0.96	1.05	0.77	0.59	0.44
EPS (Diluted)	0.76	0.95	1.04	0.73	0.59	0.44
EPS Growth	-25.98%	-8.65%	42.47%	24.64%	32.24%	147.98%

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	4.5	-5.83	348.5	4.37	-144.39	64.94
Free Cash Flow Per Share	0.01	-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	68.03%	72.70%	73.01%	76.91%	77.54%	77.55%
Operating Margin	13.65%	17.48%	18.48%	13.93%	11.99%	12.98%
Profit Margin	11.82%	15.20%	17.48%	13.68%	11.59%	12.55%
Free Cash Flow Margin	0.16%	-0.19%	11.89%	0.16%	-6.21%	3.99%
EBITDA	544.87	664.19	636.49	446.5	338.49	264.8
EBITDA Margin	18.88%	21.35%	21.72%	16.58%	14.55%	16.27%
D&A For EBITDA	150.94	120.5	94.87	71.37	59.64	53.58
EBIT	393.93	543.69	541.62	375.12	278.84	211.22
EBIT Margin	13.65%	17.48%	18.48%	13.93%	11.99%	12.98%
Effective Tax Rate	12.28%	10.70%	10.45%	8.43%	7.07%	9.70%
Revenue as Reported	2,886	3,111	2,931	2,693	2,326	1,628
Advertising Expenses	-	39.64	79.64	73.01	77.41	28.51