SHE:301638 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
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
Operating Revenue	7,654	7,208	6,026	4,119	5,540
Other Revenue	9.33	9.33	64.17	115.27	145.87
Revenue	7,663	7,217	6,090	4,234	5,686
Revenue Growth (YoY)	34.76%	18.52%	43.81%	-25.53%	-
Cost of Revenue	5,502	5,157	4,312	2,852	3,947
Gross Profit	2,161	2,061	1,778	1,383	1,740
Selling, General & Admin	802.99	815.43	728.6	650.55	574.5
Research & Development	494.63	513.2	398.82	347.4	500.69
Other Operating Expenses	37.43	32.78	34.82	5.75	-22.1
Operating Expenses	1,349	1,376	1,174	1,011	1,103
Operating Income	811.42	684.83	603.32	371.47	636.33
Interest Expense	-7.5	-7.5	-7.41	-8.56	-12.24
Interest & Investment Income	36.86	31.26	62.09	69.51	178.24
Currency Exchange Gain (Loss)	-	-	-	-	-0.03
Other Non Operating Income (Expenses)	-9.1	0.76	-10.2	9.23	-12.46
EBT Excluding Unusual Items	831.68	709.35	647.8	441.66	789.83
Gain (Loss) on Sale of Assets	7.06	7.95	0.56	3.06	6.36
Asset Writedown	-8.87	-4.56	-1.7	-21.93	-8.65
Other Unusual Items	5.88	5.88	9.51	12.2	20.31
Pretax Income	835.75	718.61	656.16	434.99	807.85
Income Tax Expense	133.62	82.67	81.7	57.55	154.58
Earnings From Continuing Operations	702.13	635.94	574.46	377.44	653.27
Minority Interest in Earnings	-5.37	-6.14	-4.15	-	-0.02
Net Income	696.76	629.8	570.31	377.44	653.25
Net Income to Common	696.76	629.8	570.31	377.44	653.25
Net Income Growth	6.66%	10.43%	51.10%	-42.22%	-
Shares Outstanding (Basic)	2,859	2,738	2,716	2,293	2,000
Shares Outstanding (Diluted)	2,859	2,738	2,716	2,293	2,000
Shares Change (YoY)	42.95%	0.83%	18.45%	14.64%	-
EPS (Basic)	0.24	0.23	0.21	0.16	0.33
EPS (Diluted)	0.24	0.23	0.21	0.16	0.33
EPS Growth	-25.39%	9.52%	31.25%	-51.01%	-
Free Cash Flow	390.31	345.34	831.71	2,182	4.6
Free Cash Flow Per Share	0.14	0.13	0.31	0.95	0.00
Dividend Per Share	0.060	0.060	-	-	-
Gross Margin	28.20%	28.55%	29.19%	32.65%	30.59%
Operating Margin	10.59%	9.49%	9.91%	8.77%	11.19%
Profit Margin	9.09%	8.73%	9.37%	8.91%	11.49%
Free Cash Flow Margin	5.09%	4.78%	13.66%	51.54%	0.08%
EBITDA	1,149	996.43	811.38	546.26	926.84
EBITDA Margin	14.99%	13.81%	13.32%	12.90%	16.30%
D&A For EBITDA	337.48	311.6	208.06	174.79	290.51
EBIT	811.42	684.83	603.32	371.47	636.33
EBIT Margin	10.59%	9.49%	9.91%	8.77%	11.19%
Effective Tax Rate	15.99%	11.51%	12.45%	13.23%	19.13%
Revenue as Reported	7,217	7,217	6,090	4,234	5,686
Advertising Expenses	-	6.6	2.19	-	-

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