SHE:300832 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	4,575	4,571	4,527	3,920	3,040	2,539
Other Revenue	6.08	6.08	8.2	9.91	6.47	6.17
Revenue	4,581	4,577	4,535	3,930	3,047	2,545
Revenue Growth (YoY)	-1.25%	0.91%	15.42%	28.97%	19.70%	15.97%
Cost of Revenue	1,347	1,407	1,267	1,064	906.2	734.3
Gross Profit	3,234	3,170	3,269	2,866	2,141	1,811
Selling, General & Admin	864.06	863.66	839.96	736.09	463.67	537.29
Research & Development	483.17	477.77	453.59	366.05	317.71	215.05
Other Operating Expenses	57.69	37.56	16	15.25	12.49	8.57
Operating Expenses	1,416	1,397	1,336	1,128	807.89	753.54
Operating Income	1,818	1,773	1,933	1,739	1,333	1,058
Interest Expense	-0.5	-0.53	-0.42	-0.43	-0.27	-0.15
Interest & Investment Income	113.24	93.47	108.16	89.8	66.76	56.6
Currency Exchange Gain (Loss)	-14.66	-14.66	18.64	17.71	68.98	-31.3
Other Non Operating Income (Expenses)	-55.53	-5.02	-3.37	-2.83	-2.23	-1.43
EBT Excluding Unusual Items	1,861	1,846	2,056	1,843	1,466	1,081
Gain (Loss) on Sale of Investments	17.17	19.77	28.94	18.55	15.62	18.76
Gain (Loss) on Sale of Assets	-0.21	0.03	0.04	0.05	0.62	0.1
Asset Writedown	-1.67	-1.67	-0.43	-1.52	-1.52	-1.86
Other Unusual Items	-7.98	-9.11	9.1	33.23	20.38	37.24
Pretax Income	1,868	1,855	2,093	1,893	1,501	1,136
Income Tax Expense	243.09	235.01	264.74	239.41	173.28	161.83
Net Income	1,625	1,620	1,828	1,654	1,328	973.7
Net Income to Common	1,625	1,620	1,828	1,654	1,328	973.7
Net Income Growth	-11.69%	-11.39%	10.57%	24.53%	36.38%	3.68%
Shares Outstanding (Basic)	786	786	786	785	785	784
Shares Outstanding (Diluted)	786	786	786	786	786	786
Shares Change (YoY)	-0.00%	0.00%	-0.01%	-0.07%	0.04%	4.76%
EPS (Basic)	2.07	2.06	2.33	2.11	1.69	1.24
EPS (Diluted)	2.07	2.06	2.33	2.10	1.69	1.24
EPS Growth	-11.68%	-11.39%	10.59%	24.61%	36.32%	-1.03%
Free Cash Flow	1,520	1,211	917.24	1,096	559.17	430.28
Free Cash Flow Per Share	1.93	1.54	1.17	1.40	0.71	0.55
Dividend Per Share	1.200	1.200	1.300	1.000	0.700	0.600
Dividend Growth	-7.69%	-7.69%	30.00%	42.86%	16.67%	-54.40%
Gross Margin	70.60%	69.25%	72.07%	72.93%	70.26%	71.15%
Operating Margin	39.69%	38.74%	42.61%	44.24%	43.74%	41.55%
Profit Margin	35.47%	35.40%	40.31%	42.08%	43.58%	38.25%
Free Cash Flow Margin	33.18%	26.46%	20.22%	27.89%	18.35%	16.90%
EBITDA	2,012	1,965	2,114	1,888	1,445	1,151
EBITDA Margin	43.93%	42.92%	46.60%	48.05%	47.42%	45.23%
D&A For EBITDA	194.14	191.52	181.07	149.58	111.87	93.64
EBIT	1,818	1,773	1,933	1,739	1,333	1,058
EBIT Margin	39.69%	38.74%	42.61%	44.24%	43.74%	41.55%
Effective Tax Rate	13.01%	12.67%	12.65%	12.65%	11.54%	14.25%
Revenue as Reported	4,581	4,577	4,535	3,930	3,047	2,545
Advertising Expenses	-	69.71	73.75	58.54	34.34	20.25

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