SHE:301638 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	7,208	6,026	4,119	5,540
Other Revenue	9.33	64.17	115.27	145.87
Revenue	7,217	6,090	4,234	5,686
Revenue Growth (YoY)	18.52%	43.81%	-25.53%	-
Cost of Revenue	5,157	4,312	2,852	3,947
Gross Profit	2,061	1,778	1,383	1,740
Selling, General & Admin	815.43	728.6	650.55	574.5
Research & Development	513.2	398.82	347.4	500.69
Other Operating Expenses	32.78	34.81	5.75	-22.1
Operating Expenses	1,376	1,174	1,011	1,103
Operating Income	684.83	603.32	371.47	636.33
Interest Expense	-7.5	-7.41	-8.56	-12.24
Interest & Investment Income	31.26	62.09	69.51	178.24
Currency Exchange Gain (Loss)	-	-	-	-0.03
Other Non Operating Income (Expenses)	0.76	-10.2	9.23	-12.46
EBT Excluding Unusual Items	709.35	647.8	441.66	789.83
Gain (Loss) on Sale of Assets	7.95	0.56	3.06	6.36
Asset Writedown	-4.56	-1.7	-21.93	-8.65
Other Unusual Items	5.88	9.5	12.2	20.31
Pretax Income	718.61	656.16	434.99	807.85
Income Tax Expense	82.67	81.7	57.55	154.58
Earnings From Continuing Operations	635.94	574.46	377.44	653.27
Minority Interest in Earnings	-6.14	-4.15	-	-0.02
Net Income	629.8	570.31	377.44	653.25
Net Income to Common	629.8	570.31	377.44	653.25
Net Income Growth	10.43%	51.10%	-42.22%	-
Shares Outstanding (Basic)	2,738	2,716	2,293	2,000
Shares Outstanding (Diluted)	2,738	2,716	2,293	2,000
Shares Change (YoY)	0.83%	18.45%	14.64%	-
EPS (Basic)	0.23	0.21	0.16	0.33
EPS (Diluted)	0.23	0.21	0.16	0.33
EPS Growth	9.52%	31.25%	-51.01%	-
Free Cash Flow	345.34	831.71	2,182	4.6
Free Cash Flow Per Share	0.13	0.31	0.95	0.00
Dividend Per Share	0.060	-	-	-
Gross Margin	28.55%	29.19%	32.65%	30.59%
Operating Margin	9.49%	9.91%	8.77%	11.19%
Profit Margin	8.73%	9.37%	8.91%	11.49%
Free Cash Flow Margin	4.78%	13.66%	51.54%	0.08%
EBITDA	996.43	811.38	546.26	926.84
EBITDA Margin	13.81%	13.32%	12.90%	16.30%
D&A For EBITDA	311.6	208.06	174.79	290.51
EBIT	684.83	603.32	371.47	636.33
EBIT Margin	9.49%	9.91%	8.77%	11.19%
Effective Tax Rate	11.51%	12.45%	13.23%	19.13%
Revenue as Reported	7,217	6,090	4,234	5,686
Advertising Expenses	6.6	2.19	-	-

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