SHE:300896 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	2,452	3,025	2,869	1,939	1,448
Other Revenue	0.51	0.3	-	-	-
Revenue	2,453	3,026	2,869	1,939	1,448
Revenue Growth (YoY)	-18.94%	5.45%	47.99%	33.91%	104.13%
Cost of Revenue	180	162.22	140.77	99.91	91.28
Gross Profit	2,273	2,863	2,729	1,839	1,357
Selling, General & Admin	569.23	399.58	404.59	288.11	221.2
Research & Development	359.72	303.68	250.13	173.11	102.31
Other Operating Expenses	28.4	18.55	15.37	9.5	6.66
Operating Expenses	956.03	719.94	674.21	473.64	330.18
Operating Income	1,317	2,144	2,054	1,365	1,026
Interest Expense	-7.09	-2.55	-2.38	-3.15	-2.14
Interest & Investment Income	70.01	99.7	97.91	81.81	72.69
Currency Exchange Gain (Loss)	-23.03	0.3	-0.83	-	-
Other Non Operating Income (Expenses)	-0.67	0.02	-3.77	-0.04	-2.72
EBT Excluding Unusual Items	1,356	2,241	2,145	1,444	1,094
Gain (Loss) on Sale of Investments	109.68	33.16	-16.08	29.41	27.37
Gain (Loss) on Sale of Assets	0.03	0.07	0.01	0	-0.01
Asset Writedown	-0.22	-0	-0.12	-0.14	-0.03
Other Unusual Items	46.82	6.83	26.44	15.14	0.27
Pretax Income	1,512	2,281	2,156	1,488	1,122
Income Tax Expense	210.59	324.7	300.64	220.72	164.32
Earnings From Continuing Operations	1,302	1,956	1,855	1,268	957.51
Minority Interest in Earnings	-10.5	1.26	3.56	-4.03	0.47
Net Income	1,291	1,958	1,858	1,264	957.98
Net Income to Common	1,291	1,958	1,858	1,264	957.98
Net Income Growth	-34.05%	5.33%	47.08%	31.90%	117.85%
Shares Outstanding (Basic)	302	301	302	303	303
Shares Outstanding (Diluted)	302	301	302	303	303
Shares Change (YoY)	0.16%	-0.34%	-0.24%	0.05%	23.21%
EPS (Basic)	4.28	6.50	6.15	4.17	3.16
EPS (Diluted)	4.28	6.50	6.15	4.17	3.16
EPS Growth	-34.15%	5.69%	47.43%	31.83%	76.81%
Free Cash Flow	1,154	1,688	1,890	1,038	919.75
Free Cash Flow Per Share	3.82	5.61	6.26	3.43	3.04
Dividend Per Share	2.000	3.800	2.979	2.000	1.500
Dividend Growth	-47.37%	27.55%	48.96%	33.33%	8.00%
Gross Margin	92.66%	94.64%	95.09%	94.85%	93.69%
Operating Margin	53.68%	70.84%	71.60%	70.42%	70.89%
Profit Margin	52.64%	64.70%	64.77%	65.17%	66.16%
Free Cash Flow Margin	47.03%	55.79%	65.88%	53.55%	63.52%
EBITDA	1,356	2,173	2,083	1,379	1,037
EBITDA Margin	55.28%	71.83%	72.61%	71.13%	71.64%
D&A For EBITDA	39.3	29.86	29.01	13.78	10.85
EBIT	1,317	2,144	2,054	1,365	1,026
EBIT Margin	53.68%	70.84%	71.60%	70.42%	70.89%
Effective Tax Rate	13.93%	14.24%	13.95%	14.83%	14.65%
Revenue as Reported	2,453	3,026	2,869	1,939	1,448
Advertising Expenses	51.82	24.08	26.74	21.2	12.53

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.