SHE:301200 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	6,425	5,430	3,061	1,412	2,593	3,899
Other Revenue	342.91	342.91	282.12	222.44	192.95	181.31
Revenue	6,768	5,773	3,343	1,634	2,786	4,081
Revenue Growth (YoY)	90.53%	72.68%	104.56%	-41.34%	-31.72%	84.61%
Cost of Revenue	4,415	3,783	2,429	1,149	1,769	2,613
Gross Profit	2,353	1,990	914.26	485.19	1,017	1,468
Selling, General & Admin	672.41	601.91	394.23	243.11	368.1	454.82
Research & Development	500.33	455.04	264.72	190.65	226.47	259.94
Other Operating Expenses	-95.59	-77.82	-99.31	-30.7	-125.87	-52.16
Operating Expenses	1,065	967.19	576.54	430.21	469.69	693.27
Operating Income	1,288	1,022	337.72	54.98	546.97	774.57
Interest Expense	-19.02	-19.02	-10.06	-5.4	-14.78	-13.26
Interest & Investment Income	58.37	58.7	30.73	58.11	40.72	6.94
Currency Exchange Gain (Loss)	-35.71	-35.71	-2.34	-7.05	1.75	15.47
Other Non Operating Income (Expenses)	-72.27	-41.8	-2.33	-1.95	-3.96	-0.43
EBT Excluding Unusual Items	1,219	984.59	353.71	98.69	570.71	783.3
Impairment of Goodwill	-61.4	-61.4	-79.64	-	-	-
Gain (Loss) on Sale of Investments	-17.63	-16.09	60.16	-	-67.01	-7.78
Gain (Loss) on Sale of Assets	0.4	0.04	0.21	0.5	0.92	-2.94
Asset Writedown	-0.24	-0.06	-0.29	-0.29	-0.15	-
Legal Settlements	-	-	-	-	-0.61	-
Other Unusual Items	24.26	24.26	-4.57	38.53	-20.54	21.24
Pretax Income	1,164	931.34	329.58	137.43	483.32	793.82
Income Tax Expense	136.81	113.01	30	1.76	51.31	95.44
Earnings From Continuing Operations	1,028	818.33	299.58	135.67	432.01	698.38
Minority Interest in Earnings	2.82	5.94	1.6	-0.12	2.68	0.51
Net Income	1,030	824.27	301.18	135.55	434.69	698.89
Net Income to Common	1,030	824.27	301.18	135.55	434.69	698.89
Net Income Growth	190.79%	173.68%	122.20%	-68.82%	-37.80%	130.21%
Shares Outstanding (Basic)	429	423	418	424	414	378
Shares Outstanding (Diluted)	443	434	424	424	414	378
Shares Change (YoY)	4.93%	2.27%	0.14%	2.32%	9.58%	5.77%
EPS (Basic)	2.40	1.95	0.72	0.32	1.05	1.85
EPS (Diluted)	2.32	1.90	0.71	0.32	1.05	1.85
EPS Growth	177.14%	167.61%	121.88%	-69.52%	-43.24%	117.65%
Free Cash Flow	-286.71	23.27	-69.12	174.35	511.53	-348.38
Free Cash Flow Per Share	-0.65	0.05	-0.16	0.41	1.24	-0.92
Dividend Per Share	0.600	0.600	0.400	-	2.000	0.400
Dividend Growth	50.00%	50.00%	-	-	400.00%	-
Gross Margin	34.76%	34.46%	27.35%	29.69%	36.49%	35.97%
Operating Margin	19.02%	17.71%	10.10%	3.36%	19.63%	18.98%
Profit Margin	15.22%	14.28%	9.01%	8.29%	15.60%	17.13%
Free Cash Flow Margin	-4.24%	0.40%	-2.07%	10.67%	18.36%	-8.54%
EBITDA	1,328	1,059	357.04	73.36	565.75	794.21
EBITDA Margin	19.62%	18.34%	10.68%	4.49%	20.31%	19.46%
D&A For EBITDA	40.54	36.29	19.32	18.38	18.78	19.64
EBIT	1,288	1,022	337.72	54.98	546.97	774.57
EBIT Margin	19.02%	17.71%	10.10%	3.36%	19.63%	18.98%
Effective Tax Rate	11.75%	12.13%	9.10%	1.28%	10.62%	12.02%
Revenue as Reported	5,773	5,773	3,343	1,634	2,786	4,081
Advertising Expenses	-	14.82	4.85	0.49	0.37	7.1

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