SHE:300718 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	1,312	1,246	1,113	1,082	1,046	964.79
Other Revenue	21.35	21.35	24.75	23.86	25.12	20.19
Revenue	1,334	1,268	1,137	1,105	1,071	984.97
Revenue Growth (YoY)	16.65%	11.46%	2.89%	3.18%	8.77%	50.32%
Cost of Revenue	870.92	830.09	743.8	714.88	763.9	716.58
Gross Profit	462.88	437.69	393.65	390.57	307.49	268.4
Selling, General & Admin	102.75	102.34	88.15	83.5	80.08	77.55
Research & Development	52.66	51.15	49.82	49.68	44.32	41.21
Other Operating Expenses	9.35	9.39	8.57	6.96	8.17	6.45
Operating Expenses	164.64	163.43	147.64	140.25	133.28	124.51
Operating Income	298.24	274.26	246.01	250.33	174.22	143.89
Interest Expense	-2.15	-2.54	-3.19	-2.91	-3.35	-1
Interest & Investment Income	13.15	15.25	16.42	19.3	23.95	28.46
Currency Exchange Gain (Loss)	11.75	11.75	1.97	9.03	7.59	-10.54
Other Non Operating Income (Expenses)	-13.19	-0.43	-0.85	-1.01	-0.28	-0.29
EBT Excluding Unusual Items	307.8	298.3	260.36	274.75	202.12	160.52
Gain (Loss) on Sale of Investments	3.96	1.73	6.08	5.14	-100.27	4.07
Gain (Loss) on Sale of Assets	-0.06	0.16	-0.16	0.57	0.15	4.17
Asset Writedown	-0.27	-0.27	-0.95	-5.21	-0.07	-0.06
Other Unusual Items	11.49	11.52	9.14	6.73	11.35	9.73
Pretax Income	322.91	311.44	274.48	281.98	113.28	178.43
Income Tax Expense	45.52	45.45	38.72	40.12	12.14	22.71
Earnings From Continuing Operations	277.4	265.99	235.76	241.85	101.14	155.72
Minority Interest in Earnings	-16.05	-12.65	-6.66	0.39	0.95	-0.67
Net Income	261.35	253.35	229.1	242.24	102.1	155.05
Net Income to Common	261.35	253.35	229.1	242.24	102.1	155.05
Net Income Growth	13.68%	10.59%	-5.43%	137.26%	-34.15%	6.69%
Shares Outstanding (Basic)	301	298	298	299	300	298
Shares Outstanding (Diluted)	301	298	298	299	300	298
Shares Change (YoY)	2.15%	0.18%	-0.51%	-0.41%	0.71%	0.54%
EPS (Basic)	0.87	0.85	0.77	0.81	0.34	0.52
EPS (Diluted)	0.87	0.85	0.77	0.81	0.34	0.52
EPS Growth	11.29%	10.39%	-4.94%	138.23%	-34.62%	6.12%
Free Cash Flow	176.82	214.72	227.58	189.78	76.55	2.13
Free Cash Flow Per Share	0.59	0.72	0.77	0.64	0.26	0.01
Dividend Per Share	0.428	0.428	0.403	0.403	0.350	0.350
Dividend Growth	6.20%	6.20%	-	15.14%	-	5.01%
Gross Margin	34.70%	34.52%	34.61%	35.33%	28.70%	27.25%
Operating Margin	22.36%	21.63%	21.63%	22.64%	16.26%	14.61%
Profit Margin	19.59%	19.98%	20.14%	21.91%	9.53%	15.74%
Free Cash Flow Margin	13.26%	16.94%	20.01%	17.17%	7.14%	0.22%
EBITDA	369.45	344.57	312.7	314.2	232.47	195.3
EBITDA Margin	27.70%	27.18%	27.49%	28.42%	21.70%	19.83%
D&A For EBITDA	71.21	70.31	66.69	63.87	58.26	51.41
EBIT	298.24	274.26	246.01	250.33	174.22	143.89
EBIT Margin	22.36%	21.63%	21.63%	22.64%	16.26%	14.61%
Effective Tax Rate	14.09%	14.59%	14.11%	14.23%	10.71%	12.73%
Revenue as Reported	1,334	1,268	1,137	1,105	1,071	984.97
Advertising Expenses	-	0.86	0.93	0.67	0.28	0.66

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