SHE:300803 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	2,205	2,045	1,452	1,078	1,248	932.42
Other Revenue	123.11	115.24	87.92	43.49	8.94	-
Revenue	2,328	2,160	1,540	1,122	1,257	932.42
Revenue Growth (YoY)	30.14%	40.24%	37.28%	-10.77%	34.83%	34.63%
Cost of Revenue	203.49	193.29	173.37	141	134.56	110.89
Gross Profit	2,124	1,967	1,367	980.78	1,123	821.53
Selling, General & Admin	1,870	1,761	1,257	834.16	737.2	568.26
Research & Development	166.23	164.47	162.57	145.93	125.16	108.9
Other Operating Expenses	8.6	9.69	-33.95	4.6	3.59	-2.39
Operating Expenses	2,045	1,936	1,385	985.16	865.72	674.7
Operating Income	78.65	30.81	-18.13	-4.37	256.87	146.82
Interest Expense	-31.8	-31.19	-23.49	-17.77	-8.83	-0.39
Interest & Investment Income	162.2	229.5	150.28	78.95	37.6	46.51
Other Non Operating Income (Expenses)	-12.17	-11.35	-8.3	-4.85	-7.93	-6.4
EBT Excluding Unusual Items	196.88	217.76	100.37	51.96	277.71	186.54
Gain (Loss) on Sale of Investments	-3.87	-7.94	-0.94	10.6	-5.37	-
Gain (Loss) on Sale of Assets	0.95	0.99	0.11	-0.23	0.17	0.05
Asset Writedown	-0.13	-0.13	-0.22	-0.25	-0.04	-0.61
Other Unusual Items	-5.37	-5.37	1.9	0.6	2.04	3.68
Pretax Income	188.46	205.31	101.23	62.68	274.51	189.67
Income Tax Expense	-9.54	-20.28	-2.96	-9.92	-63.94	13.48
Earnings From Continuing Operations	198	225.59	104.19	72.6	338.44	176.2
Minority Interest in Earnings	2.47	2.32	0.01	0.01	-0.04	-
Net Income	200.47	227.92	104.2	72.61	338.4	176.2
Net Income to Common	200.47	227.92	104.2	72.61	338.4	176.2
Net Income Growth	-11.33%	118.74%	43.50%	-78.54%	92.06%	97.51%
Shares Outstanding (Basic)	604	600	579	585	591	581
Shares Outstanding (Diluted)	620	616	613	585	591	594
Shares Change (YoY)	-0.64%	0.50%	4.76%	-1.03%	-0.48%	1.02%
EPS (Basic)	0.33	0.38	0.18	0.12	0.57	0.30
EPS (Diluted)	0.32	0.37	0.17	0.12	0.57	0.30
EPS Growth	-10.75%	117.65%	36.99%	-78.32%	92.99%	95.52%
Free Cash Flow	4,463	2,940	4,360	1,372	332.18	357.79
Free Cash Flow Per Share	7.20	4.77	7.11	2.35	0.56	0.60
Dividend Per Share	0.080	0.080	-	-	-	-
Gross Margin	91.26%	91.05%	88.74%	87.43%	89.30%	88.11%
Operating Margin	3.38%	1.43%	-1.18%	-0.39%	20.43%	15.75%
Profit Margin	8.61%	10.55%	6.77%	6.47%	26.92%	18.90%
Free Cash Flow Margin	191.74%	136.14%	283.11%	122.29%	26.42%	38.37%
EBITDA	120.34	72.86	25.3	40.28	286.77	164.44
EBITDA Margin	5.17%	3.37%	1.64%	3.59%	22.81%	17.64%
D&A For EBITDA	41.7	42.04	43.43	44.66	29.9	17.61
EBIT	78.65	30.81	-18.13	-4.37	256.87	146.82
EBIT Margin	3.38%	1.43%	-1.18%	-0.39%	20.43%	15.75%
Effective Tax Rate	-	-	-	-	-	7.11%
Revenue as Reported	2,314	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.