SHE:300852 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	1,999	1,831	1,346	1,270	1,182	1,022
Other Revenue	100.33	100.33	67.17	44.88	37.23	28.13
Revenue	2,099	1,932	1,413	1,315	1,219	1,050
Revenue Growth (YoY)	40.17%	36.69%	7.49%	7.85%	16.13%	61.44%
Cost of Revenue	1,706	1,569	1,108	974.4	879.17	745.62
Gross Profit	393.03	362.64	304.73	340.29	339.78	304.07
Selling, General & Admin	106.52	103.72	85.41	59.47	52.53	48.09
Research & Development	82.2	75.2	58.32	53.1	54.53	47.03
Other Operating Expenses	10.04	9.8	8.33	6.89	6.98	5.93
Operating Expenses	207.35	198.31	153.57	121.58	117.21	104.77
Operating Income	185.69	164.33	151.16	218.71	222.58	199.31
Interest Expense	-18.09	-25.91	-30.19	-11.91	-0.89	-0.18
Interest & Investment Income	28.18	29.77	28.74	11.42	7.24	9.33
Currency Exchange Gain (Loss)	-9.66	-9.66	13.71	-	19.79	-6.11
Other Non Operating Income (Expenses)	-16.89	-0.87	-0.51	2.95	-0.5	-0.3
EBT Excluding Unusual Items	169.23	157.65	162.91	221.18	248.22	202.05
Gain (Loss) on Sale of Investments	-2.44	-0.07	-3.35	4.28	-1.11	0.8
Gain (Loss) on Sale of Assets	-0.71	-0.68	-0.2	-0.56	0.34	0.95
Asset Writedown	-14.26	-3.13	-0.52	-1.61	-1.02	-0.01
Other Unusual Items	6.76	6.76	4.53	5.31	5.22	5.27
Pretax Income	158.58	160.53	163.37	228.6	251.65	209.07
Income Tax Expense	29.63	32.33	23.12	24.28	26.12	24.82
Earnings From Continuing Operations	128.95	128.19	140.25	204.33	225.54	184.24
Minority Interest in Earnings	-0.05	-0.07	0.03	0.07	0.05	-
Net Income	128.9	128.12	140.28	204.4	225.59	184.24
Net Income to Common	128.9	128.12	140.28	204.4	225.59	184.24
Net Income Growth	5.10%	-8.67%	-31.37%	-9.39%	22.44%	52.94%
Shares Outstanding (Basic)	150	146	125	142	143	143
Shares Outstanding (Diluted)	150	146	125	144	143	143
Shares Change (YoY)	19.88%	16.24%	-12.90%	0.63%	0.28%	16.60%
EPS (Basic)	0.86	0.88	1.12	1.44	1.58	1.29
EPS (Diluted)	0.86	0.88	1.12	1.42	1.58	1.29
EPS Growth	-12.32%	-21.43%	-21.20%	-9.96%	22.10%	31.17%
Free Cash Flow	-302.31	-177.23	-62.85	46.86	158.89	-145.95
Free Cash Flow Per Share	-2.01	-1.22	-0.50	0.33	1.11	-1.02
Dividend Per Share	0.140	0.140	0.140	0.214	0.236	0.236
Dividend Growth	-	-	-34.67%	-9.08%	-	48.52%
Gross Margin	18.72%	18.77%	21.56%	25.88%	27.88%	28.97%
Operating Margin	8.85%	8.51%	10.70%	16.64%	18.26%	18.99%
Profit Margin	6.14%	6.63%	9.93%	15.55%	18.51%	17.55%
Free Cash Flow Margin	-14.40%	-9.18%	-4.45%	3.56%	13.04%	-13.90%
EBITDA	324.9	295.23	248.79	297.2	284.35	235.75
EBITDA Margin	15.48%	15.28%	17.61%	22.61%	23.33%	22.46%
D&A For EBITDA	139.22	130.9	97.63	78.49	61.77	36.45
EBIT	185.69	164.33	151.16	218.71	222.58	199.31
EBIT Margin	8.85%	8.51%	10.70%	16.64%	18.26%	18.99%
Effective Tax Rate	18.68%	20.14%	14.15%	10.62%	10.38%	11.87%
Revenue as Reported	2,099	1,932	1,413	1,315	1,219	1,050
Advertising Expenses	-	1.24	1.65	0.95	0.9	0.86

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