SHE:300729 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	6,634	6,682	5,642	3,875	3,187	2,839
Other Revenue	32.18	32.18	28.83	26.6	20.82	32.03
Revenue	6,666	6,715	5,670	3,902	3,208	2,871
Revenue Growth (YoY)	9.41%	18.41%	45.33%	21.61%	11.74%	47.95%
Cost of Revenue	4,840	4,915	4,034	2,488	2,121	1,741
Gross Profit	1,827	1,799	1,636	1,414	1,087	1,130
Selling, General & Admin	1,237	1,217	1,105	944.93	763.89	798.44
Research & Development	212.77	213.17	193.82	144.83	143.78	129.83
Other Operating Expenses	28.07	21.93	33.14	-29.9	18.75	14.35
Operating Expenses	1,478	1,451	1,346	1,065	927.49	945.61
Operating Income	349.02	348.24	290.2	349.51	159.5	184.46
Interest Expense	-173	-179.64	-135.89	-89.78	-66.73	-43.02
Interest & Investment Income	87.2	89.6	66.79	55.53	23.25	39.72
Currency Exchange Gain (Loss)	7.63	7.63	35.2	23.9	36.78	-16.54
Other Non Operating Income (Expenses)	-78.04	-21.09	-45.43	-27.76	-21.41	-23.82
EBT Excluding Unusual Items	192.81	244.74	210.87	311.4	131.39	140.8
Gain (Loss) on Sale of Investments	2.42	10.14	-11.51	-25.48	-11.62	-6.17
Gain (Loss) on Sale of Assets	19.34	26.56	153.35	515.72	66.04	33.98
Asset Writedown	3.14	-0.67	-0.52	-1.98	-	-0.03
Other Unusual Items	32.9	33.37	42.37	-4.03	83.08	33.78
Pretax Income	250.6	314.13	394.56	795.63	268.89	202.35
Income Tax Expense	42.09	54.66	58.67	161.94	50.15	17.92
Earnings From Continuing Operations	208.51	259.47	335.89	633.68	218.74	184.43
Minority Interest in Earnings	-0	0	-0	0.01	-0.02	0.25
Net Income	208.51	259.47	335.89	633.69	218.73	184.68
Net Income to Common	208.51	259.47	335.89	633.69	218.73	184.68
Net Income Growth	-32.26%	-22.75%	-46.99%	189.72%	18.44%	-14.93%
Shares Outstanding (Basic)	339	341	320	312	308	282
Shares Outstanding (Diluted)	339	341	320	314	312	282
Shares Change (YoY)	2.96%	6.72%	1.97%	0.40%	10.62%	18.10%
EPS (Basic)	0.61	0.76	1.05	2.03	0.71	0.65
EPS (Diluted)	0.61	0.76	1.05	2.02	0.70	0.65
EPS Growth	-34.21%	-27.62%	-48.02%	188.57%	7.07%	-27.97%
Free Cash Flow	77.95	-59.44	29.9	-568.31	-202.22	-46.69
Free Cash Flow Per Share	0.23	-0.17	0.09	-1.81	-0.65	-0.17
Dividend Per Share	0.300	0.300	0.300	0.400	0.269	0.154
Dividend Growth	-	-	-25.00%	48.59%	75.03%	44.41%
Gross Margin	27.40%	26.80%	28.86%	36.24%	33.88%	39.36%
Operating Margin	5.24%	5.19%	5.12%	8.96%	4.97%	6.42%
Profit Margin	3.13%	3.86%	5.92%	16.24%	6.82%	6.43%
Free Cash Flow Margin	1.17%	-0.89%	0.53%	-14.57%	-6.30%	-1.63%
EBITDA	491.07	485.33	407.41	434.65	219.46	238.85
EBITDA Margin	7.37%	7.23%	7.18%	11.14%	6.84%	8.32%
D&A For EBITDA	142.05	137.08	117.21	85.14	59.96	54.39
EBIT	349.02	348.24	290.2	349.51	159.5	184.46
EBIT Margin	5.24%	5.19%	5.12%	8.96%	4.97%	6.42%
Effective Tax Rate	16.80%	17.40%	14.87%	20.35%	18.65%	8.86%
Revenue as Reported	6,666	6,715	5,670	3,902	3,208	2,871
Advertising Expenses	-	348.43	327.55	278.82	231.25	143.74

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