SHE:301149 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	6,688	6,208	5,513	4,910	3,036	4,139
Other Revenue	112.04	112.04	111.28	111.29	131.77	136
Revenue	6,800	6,320	5,624	5,021	3,168	4,275
Revenue Growth (YoY)	17.65%	12.38%	12.01%	58.50%	-25.90%	77.20%
Cost of Revenue	6,526	6,066	5,402	4,642	2,958	3,993
Gross Profit	273.48	254.45	222.33	379.31	209.41	281.84
Selling, General & Admin	110.01	101.93	74.69	76.98	66.98	51.21
Research & Development	19.92	19.99	16.63	10.69	8.97	6.87
Other Operating Expenses	-24.43	-26.54	-44.65	6.41	4.6	2.29
Operating Expenses	111.7	99.17	47.65	95.29	78.97	62.36
Operating Income	161.78	155.28	174.67	284.02	130.43	219.48
Interest Expense	-10.21	-12.06	-12.83	-3.67	-0.06	-1.19
Interest & Investment Income	10.5	12.93	17.46	14.47	19.34	2.94
Currency Exchange Gain (Loss)	2.66	2.66	5.29	-0.31	-0.83	2.51
Other Non Operating Income (Expenses)	-8.73	-2.72	0.1	1.9	-3.59	-0.53
EBT Excluding Unusual Items	156	156.09	184.69	296.4	145.29	223.21
Gain (Loss) on Sale of Investments	2.65	4.28	2.81	0.09	2.65	1.05
Gain (Loss) on Sale of Assets	-0.09	-0.09	-1.19	-0.21	-0.24	0.09
Asset Writedown	-7.52	-	0.22	-7.76	-7.76	-
Legal Settlements	-1.42	-1.42	-0.23	-0.08	-0.19	-0.38
Other Unusual Items	2.43	0.98	6.67	1.57	10.12	4.84
Pretax Income	152.04	159.83	192.98	290.01	149.88	228.81
Income Tax Expense	23.41	19.46	21.6	41.98	22.9	34.8
Earnings From Continuing Operations	128.63	140.37	171.38	248.03	126.98	194.01
Minority Interest in Earnings	3.45	2.15	-	-	-	-
Net Income	132.08	142.52	171.38	248.03	126.98	194.01
Net Income to Common	132.08	142.52	171.38	248.03	126.98	194.01
Net Income Growth	-26.91%	-16.84%	-30.90%	95.34%	-34.55%	81.91%
Shares Outstanding (Basic)	428	432	428	428	423	366
Shares Outstanding (Diluted)	428	432	428	428	423	366
Shares Change (YoY)	-0.36%	0.80%	0.19%	1.04%	15.62%	2.97%
EPS (Basic)	0.31	0.33	0.40	0.58	0.30	0.53
EPS (Diluted)	0.31	0.33	0.40	0.58	0.30	0.53
EPS Growth	-26.65%	-17.50%	-31.03%	93.33%	-43.40%	76.67%
Free Cash Flow	34.56	-49.09	-301.31	-197.74	-73.37	45.31
Free Cash Flow Per Share	0.08	-0.11	-0.70	-0.46	-0.17	0.12
Dividend Per Share	0.150	0.150	0.150	0.150	0.100	0.100
Dividend Growth	-	-	-	50.00%	-	-
Gross Margin	4.02%	4.03%	3.95%	7.55%	6.61%	6.59%
Operating Margin	2.38%	2.46%	3.11%	5.66%	4.12%	5.13%
Profit Margin	1.94%	2.25%	3.05%	4.94%	4.01%	4.54%
Free Cash Flow Margin	0.51%	-0.78%	-5.36%	-3.94%	-2.32%	1.06%
EBITDA	288.11	268.11	233.44	331.72	174.73	255.38
EBITDA Margin	4.24%	4.24%	4.15%	6.61%	5.52%	5.97%
D&A For EBITDA	126.33	112.82	58.77	47.7	44.3	35.91
EBIT	161.78	155.28	174.67	284.02	130.43	219.48
EBIT Margin	2.38%	2.46%	3.11%	5.66%	4.12%	5.13%
Effective Tax Rate	15.40%	12.18%	11.19%	14.48%	15.28%	15.21%
Revenue as Reported	6,800	6,320	5,624	5,021	3,168	4,275
Advertising Expenses	-	1.63	1.95	0.54	-	0.51

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