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	Sep '26 Sep 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	2,889	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	2,892	3,111	2,931	2,693	2,326	1,628
Revenue Growth	-5.28%	6.15%	8.85%	15.75%	42.92%	66.40%
Cost of Revenue	1,052	849.11	790.88	621.79	522.52	365.47
Gross Profit	1,840	2,262	2,140	2,071	1,804	1,262
Selling, General & Admin	1,256	1,470	1,331	1,405	1,285	878.31
Research & Development	160.78	218.41	245.97	254.12	201.26	146.26
Other Operating Expenses	45.25	28.7	25.15	28.47	25.87	21.04
Operating Expenses	1,462	1,718	1,598	1,696	1,525	1,051
Operating Income	377.48	543.69	541.62	375.12	278.84	211.22
Interest Expense	-4.56	-14.99	-18.63	-11.06	-18.42	-16.01
Interest & Investment Income	0.47	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)	-41.37	-23.8	-0.58	-0.29	-0.24	-0.19
EBT Excluding Unusual Items	331.97	507.31	530.71	371.02	266.71	200.7
Gain (Loss) on Sale of Investments	-2.33	-0.96	-	-	-	-
Gain (Loss) on Sale of Assets	-0.03	0.05	-	0.03	-	0.02
Asset Writedown	-10.49	-4.22	-1.92	-1.46	-1.3	-1.9
Other Unusual Items	35.2	24.18	43.4	32.57	24.81	27.38
Pretax Income	354.32	526.36	572.19	402.16	290.22	226.19
Income Tax Expense	59.75	56.33	59.82	33.9	20.52	21.94
Earnings From Continuing Operations	294.57	470.04	512.38	368.26	269.7	204.25
Minority Interest in Earnings	11.79	2.78	-	-	-	-
Net Income	306.36	472.82	512.38	368.26	269.7	204.25
Net Income to Common	306.36	472.82	512.38	368.26	269.7	204.25
Net Income Growth	-34.68%	-7.72%	39.13%	36.55%	32.05%	148.29%
Shares Outstanding (Basic)	488	493	488	478	460	461
Shares Outstanding (Diluted)	488	498	493	504	460	461
Shares Change	-4.65%	1.02%	-2.34%	9.55%	-0.15%	0.13%
EPS (Basic)	0.63	0.96	1.05	0.77	0.59	0.44
EPS (Diluted)	0.63	0.95	1.04	0.73	0.59	0.44
EPS Growth	-31.50%	-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	Sep '26 Sep 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	134.44	-5.83	348.5	4.37	-144.39	64.94
Free Cash Flow Per Share	0.28	-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	63.62%	72.70%	73.01%	76.91%	77.54%	77.55%
Operating Margin	13.05%	17.48%	18.48%	13.93%	11.99%	12.98%
Profit Margin	10.60%	15.20%	17.48%	13.68%	11.59%	12.55%
Free Cash Flow Margin	4.65%	-0.19%	11.89%	0.16%	-6.21%	3.99%
EBITDA	517.21	664.19	636.49	446.5	338.49	264.8
EBITDA Margin	17.89%	21.35%	21.72%	16.58%	14.55%	16.27%
D&A For EBITDA	139.73	120.5	94.87	71.37	59.64	53.58
EBIT	377.48	543.69	541.62	375.12	278.84	211.22
EBIT Margin	13.05%	17.48%	18.48%	13.93%	11.99%	12.98%
Effective Tax Rate	16.86%	10.70%	10.45%	8.43%	7.07%	9.70%
Revenue as Reported	842.86	3,111	2,931	2,693	2,326	1,628
Advertising Expenses	-	39.64	79.64	73.01	77.41	28.51