SHE:300803 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,045	1,452	1,078	1,248	932.42
Other Revenue	115.24	87.92	43.49	8.94	-
Revenue	2,160	1,540	1,122	1,257	932.42
Revenue Growth (YoY)	40.24%	37.28%	-10.77%	34.83%	34.63%
Cost of Revenue	193.29	173.37	141	134.56	110.89
Gross Profit	1,967	1,367	980.78	1,123	821.53
Selling, General & Admin	1,761	1,257	834.16	737.2	568.26
Research & Development	164.47	162.57	145.93	125.16	108.9
Other Operating Expenses	9.69	-33.95	4.6	3.59	-2.39
Operating Expenses	1,936	1,385	985.16	865.72	674.7
Operating Income	30.81	-18.13	-4.37	256.87	146.82
Interest Expense	-31.19	-23.49	-17.77	-8.83	-0.39
Interest & Investment Income	229.5	150.28	78.95	37.6	46.51
Other Non Operating Income (Expenses)	-11.35	-8.3	-4.85	-7.93	-6.4
EBT Excluding Unusual Items	217.76	100.37	51.96	277.71	186.54
Gain (Loss) on Sale of Investments	-7.94	-0.94	10.6	-5.37	-
Gain (Loss) on Sale of Assets	0.99	0.11	-0.23	0.17	0.05
Asset Writedown	-0.13	-0.22	-0.25	-0.04	-0.61
Other Unusual Items	-5.37	1.9	0.6	2.04	3.68
Pretax Income	205.31	101.23	62.68	274.51	189.67
Income Tax Expense	-20.28	-2.96	-9.92	-63.94	13.48
Earnings From Continuing Operations	225.59	104.19	72.6	338.44	176.2
Minority Interest in Earnings	2.32	0.01	0.01	-0.04	-
Net Income	227.92	104.2	72.61	338.4	176.2
Net Income to Common	227.92	104.2	72.61	338.4	176.2
Net Income Growth	118.74%	43.50%	-78.54%	92.06%	97.51%
Shares Outstanding (Basic)	600	579	585	591	581
Shares Outstanding (Diluted)	616	613	585	591	594
Shares Change (YoY)	0.50%	4.76%	-1.03%	-0.48%	1.02%
EPS (Basic)	0.38	0.18	0.12	0.57	0.30
EPS (Diluted)	0.37	0.17	0.12	0.57	0.30
EPS Growth	117.65%	36.99%	-78.32%	92.99%	95.52%
Free Cash Flow	2,940	4,360	1,372	332.18	357.79
Free Cash Flow Per Share	4.77	7.11	2.35	0.56	0.60
Dividend Per Share	0.080	-	-	-	-
Gross Margin	91.05%	88.74%	87.43%	89.30%	88.11%
Operating Margin	1.43%	-1.18%	-0.39%	20.43%	15.75%
Profit Margin	10.55%	6.77%	6.47%	26.92%	18.90%
Free Cash Flow Margin	136.14%	283.11%	122.29%	26.42%	38.37%
EBITDA	72.86	25.3	40.28	286.77	164.44
EBITDA Margin	3.37%	1.64%	3.59%	22.81%	17.64%
D&A For EBITDA	42.04	43.43	44.66	29.9	17.61
EBIT	30.81	-18.13	-4.37	256.87	146.82
EBIT Margin	1.43%	-1.18%	-0.39%	20.43%	15.75%
Effective Tax Rate	-	-	-	-	7.11%
Revenue as Reported	2,146	1,529	1,113	1,255	932.42
Advertising Expenses	653.05	391.54	286.34	266.15	235.12

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