SHE:300896 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	Jun '26 Jun 30, 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	2,368	2,452	3,025	2,869	1,939	1,448
Other Revenue	1.67	0.51	0.3	-	-	-
Revenue	2,369	2,453	3,026	2,869	1,939	1,448
Revenue Growth	-11.20%	-18.94%	5.45%	47.99%	33.91%	104.13%
Cost of Revenue	186.08	180	162.22	140.77	99.91	91.28
Gross Profit	2,183	2,273	2,863	2,729	1,839	1,357
Selling, General & Admin	685.22	569.23	399.58	404.59	288.11	221.2
Research & Development	343.3	359.72	303.68	250.13	173.11	102.31
Other Operating Expenses	50.55	28.4	18.55	15.37	9.5	6.66
Operating Expenses	1,073	956.03	719.94	674.21	473.64	330.18
Operating Income	1,110	1,317	2,144	2,054	1,365	1,026
Interest Expense	-10.48	-7.09	-2.55	-2.38	-3.15	-2.14
Interest & Investment Income	42.89	70.01	99.7	97.91	81.81	72.69
Currency Exchange Gain (Loss)	-5.67	-23.03	0.3	-0.83	-	-
Other Non Operating Income (Expenses)	2.19	-0.67	0.02	-3.77	-0.04	-2.72
EBT Excluding Unusual Items	1,139	1,356	2,241	2,145	1,444	1,094
Gain (Loss) on Sale of Investments	118.02	109.68	33.16	-16.08	29.41	27.37
Gain (Loss) on Sale of Assets	-0.04	0.03	0.07	0.01	0	-0.01
Asset Writedown	-0.22	-0.22	-0	-0.12	-0.14	-0.03
Other Unusual Items	37.63	46.82	6.83	26.44	15.14	0.27
Pretax Income	1,295	1,512	2,281	2,156	1,488	1,122
Income Tax Expense	184.18	210.59	324.7	300.64	220.72	164.32
Earnings From Continuing Operations	1,111	1,302	1,956	1,855	1,268	957.51
Minority Interest in Earnings	-15.57	-10.5	1.26	3.56	-4.03	0.47
Net Income	1,095	1,291	1,958	1,858	1,264	957.98
Net Income to Common	1,095	1,291	1,958	1,858	1,264	957.98
Net Income Growth	-32.67%	-34.05%	5.33%	47.08%	31.90%	117.85%
Shares Outstanding (Basic)	302	302	301	302	303	303
Shares Outstanding (Diluted)	302	302	301	302	303	303
Shares Change	0.14%	0.16%	-0.34%	-0.24%	0.05%	23.21%
EPS (Basic)	3.63	4.28	6.50	6.15	4.17	3.16
EPS (Diluted)	3.63	4.28	6.50	6.15	4.17	3.16
EPS Growth	-32.76%	-34.15%	5.69%	47.43%	31.83%	76.81%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	1,007	1,154	1,688	1,890	1,038	919.75
Free Cash Flow Per Share	3.34	3.82	5.61	6.26	3.43	3.04
Dividend Per Share	1.800	2.000	3.800	2.979	2.000	1.500
Dividend Growth	-64.00%	-47.37%	27.55%	48.96%	33.33%	8.00%
Gross Margin	92.15%	92.66%	94.64%	95.09%	94.85%	93.69%
Operating Margin	46.87%	53.68%	70.84%	71.60%	70.42%	70.89%
Profit Margin	46.22%	52.64%	64.70%	64.77%	65.17%	66.16%
Free Cash Flow Margin	42.52%	47.03%	55.79%	65.88%	53.55%	63.52%
EBITDA	1,154	1,356	2,173	2,083	1,379	1,037
EBITDA Margin	48.72%	55.28%	71.83%	72.61%	71.13%	71.64%
D&A For EBITDA	43.93	39.3	29.86	29.01	13.78	10.85
EBIT	1,110	1,317	2,144	2,054	1,365	1,026
EBIT Margin	46.87%	53.68%	70.84%	71.60%	70.42%	70.89%
Effective Tax Rate	14.23%	13.93%	14.24%	13.95%	14.83%	14.65%
Revenue as Reported	2,369	2,453	3,026	2,869	1,939	1,448
Advertising Expenses	-	51.82	24.08	26.74	21.2	12.53