SHE:301608 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	Dec '21 Dec 31, 2021
Operating Revenue	1,759	1,688	1,386	1,111	1,189	1,317
Other Revenue	23.38	23.38	15.31	11.71	20.87	18.88
Revenue	1,782	1,712	1,402	1,123	1,210	1,336
Revenue Growth (YoY)	18.69%	22.11%	24.85%	-7.18%	-9.44%	26.83%
Cost of Revenue	1,344	1,300	1,073	810.07	921.95	997.12
Gross Profit	438.11	411.16	329.17	312.65	287.67	338.58
Selling, General & Admin	69.56	69.67	62.46	48	44.61	49.09
Research & Development	113.3	110.09	95.83	78.63	73.72	71.44
Other Operating Expenses	2.13	0.01	0.96	5.63	8.88	4.7
Operating Expenses	187.45	181.86	163.61	133.83	129.59	127.43
Operating Income	250.66	229.3	165.56	178.82	158.09	211.15
Interest Expense	-0.05	-0.07	-0.13	-0.17	-0.22	-0.19
Interest & Investment Income	11.23	9.81	11.92	7.16	4.16	2.96
Currency Exchange Gain (Loss)	-0.97	-0.97	4.05	-1.09	-3.01	0.47
Other Non Operating Income (Expenses)	-3.66	-0.54	-0.4	-0.3	1.37	-0.86
EBT Excluding Unusual Items	257.22	237.54	181	184.42	160.4	213.53
Gain (Loss) on Sale of Investments	17.82	20.86	11	5.58	2.12	1.65
Gain (Loss) on Sale of Assets	-0.04	-0	-0.02	-0.23	-0.03	0.03
Asset Writedown	-0.59	-0.05	-0.08	-0.13	-0.08	-0.05
Other Unusual Items	2.63	2.51	0.61	1.63	10.52	2.54
Pretax Income	277.04	260.86	192.52	191.27	172.93	217.7
Income Tax Expense	27.52	26.14	16.89	17.06	15.26	23.58
Net Income	249.52	234.72	175.62	174.21	157.67	194.12
Net Income to Common	249.52	234.72	175.62	174.21	157.67	194.12
Net Income Growth	38.09%	33.65%	0.81%	10.50%	-18.78%	67.78%
Shares Outstanding (Basic)	89	89	76	67	67	67
Shares Outstanding (Diluted)	89	89	76	67	67	67
Shares Change (YoY)	9.10%	17.08%	13.89%	0.00%	-	-0.21%
EPS (Basic)	2.80	2.64	2.31	2.61	2.36	2.91
EPS (Diluted)	2.80	2.64	2.31	2.61	2.36	2.91
EPS Growth	26.57%	14.15%	-11.48%	10.61%	-18.86%	68.13%
Free Cash Flow	195.13	220.74	124.27	100.19	236.22	-38.22
Free Cash Flow Per Share	2.19	2.48	1.64	1.50	3.54	-0.57
Dividend Per Share	0.955	0.955	0.967	-	-	-
Dividend Growth	-1.24%	-1.24%	-	-	-	-
Gross Margin	24.58%	24.02%	23.48%	27.85%	23.78%	25.35%
Operating Margin	14.06%	13.40%	11.81%	15.93%	13.07%	15.81%
Profit Margin	14.00%	13.71%	12.53%	15.52%	13.03%	14.53%
Free Cash Flow Margin	10.95%	12.90%	8.87%	8.92%	19.53%	-2.86%
EBITDA	269.64	248.26	184.43	197.47	176.23	225.18
EBITDA Margin	15.13%	14.51%	13.16%	17.59%	14.57%	16.86%
D&A For EBITDA	18.98	18.95	18.87	18.65	18.14	14.03
EBIT	250.66	229.3	165.56	178.82	158.09	211.15
EBIT Margin	14.06%	13.40%	11.81%	15.93%	13.07%	15.81%
Effective Tax Rate	9.93%	10.02%	8.77%	8.92%	8.83%	10.83%
Revenue as Reported	1,782	1,712	1,402	1,123	-	-
Advertising Expenses	-	0.35	0.66	0.59	0.05	0.13

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