SHE:301696 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	1,073	829.86	532.88	361.15
Other Revenue	1.53	1.62	0.89	0.46
Revenue	1,075	831.48	533.77	361.6
Revenue Growth (YoY)	29.25%	55.77%	47.61%	-
Cost of Revenue	441.43	338.68	238.64	174.37
Gross Profit	633.25	492.8	295.13	187.23
Selling, General & Admin	107.4	79.58	67.39	42.05
Research & Development	40.95	36.09	34.76	21.91
Other Operating Expenses	8.42	0.45	-4.52	2.7
Operating Expenses	158.66	116.63	97.78	66.63
Operating Income	474.6	376.17	197.35	120.6
Interest Expense	-0.36	-0.52	-0.87	-1.11
Interest & Investment Income	4.25	2.95	2.42	0.4
Currency Exchange Gain (Loss)	0.43	5.75	1.72	0.66
Other Non Operating Income (Expenses)	-1.85	-1.16	-2.08	-1.48
EBT Excluding Unusual Items	477.07	383.18	198.54	119.07
Gain (Loss) on Sale of Investments	9.72	7.34	2.17	1.59
Gain (Loss) on Sale of Assets	-0.12	0.03	-	-0.02
Asset Writedown	-	-0.12	-0.02	-0.11
Other Unusual Items	8.13	-0.04	1.34	12.84
Pretax Income	494.81	390.39	202.03	133.37
Income Tax Expense	71.66	57.15	29.69	20.21
Earnings From Continuing Operations	423.15	333.24	172.34	113.17
Minority Interest in Earnings	-1.78	-0.74	-0.03	-0.31
Net Income	421.37	332.5	172.31	112.85
Net Income to Common	421.37	332.5	172.31	112.85
Net Income Growth	26.73%	92.96%	52.69%	-
Shares Outstanding (Basic)	360	360	360	-
Shares Outstanding (Diluted)	360	360	360	-
EPS (Basic)	1.17	0.92	0.48	-
EPS (Diluted)	1.17	0.92	0.48	-
EPS Growth	27.17%	92.21%	-	-
Free Cash Flow	354.12	296.31	107.67	134
Free Cash Flow Per Share	0.98	0.82	0.30	-
Dividend Per Share	-	0.111	-	-
Gross Margin	58.93%	59.27%	55.29%	51.78%
Operating Margin	44.16%	45.24%	36.97%	33.35%
Profit Margin	39.21%	39.99%	32.28%	31.21%
Free Cash Flow Margin	32.95%	35.64%	20.17%	37.06%
EBITDA	489.19	389.06	204.43	123.16
EBITDA Margin	45.52%	46.79%	38.30%	34.06%
D&A For EBITDA	14.6	12.89	7.09	2.56
EBIT	474.6	376.17	197.35	120.6
EBIT Margin	44.16%	45.24%	36.97%	33.35%
Effective Tax Rate	14.48%	14.64%	14.70%	15.15%
Revenue as Reported	1,075	831.48	533.77	361.6
Advertising Expenses	3.59	1.9	1.7	1.02

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