SHE:301696 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	1,214	1,073	829.86	532.88	361.15
Other Revenue	1.53	1.53	1.62	0.89	0.46
Revenue	1,215	1,075	831.48	533.77	361.6
Revenue Growth (YoY)	236.09%	29.25%	55.77%	47.61%	-
Cost of Revenue	503.64	441.43	338.68	238.64	174.37
Gross Profit	711.69	633.25	492.8	295.13	187.23
Selling, General & Admin	116.58	107.4	79.58	67.39	42.05
Research & Development	45.29	40.95	36.09	34.76	21.91
Other Operating Expenses	15.33	8.42	0.45	-4.52	2.7
Operating Expenses	181.3	158.66	116.63	97.78	66.63
Operating Income	530.38	474.6	376.17	197.35	120.6
Interest Expense	-0.46	-0.36	-0.52	-0.87	-1.11
Interest & Investment Income	3.94	4.25	2.95	2.42	0.4
Currency Exchange Gain (Loss)	-2.39	0.43	5.75	1.72	0.66
Other Non Operating Income (Expenses)	-1.5	-1.85	-1.16	-2.08	-1.48
EBT Excluding Unusual Items	529.97	477.07	383.18	198.54	119.07
Gain (Loss) on Sale of Investments	10.27	9.72	7.34	2.17	1.59
Gain (Loss) on Sale of Assets	-0.13	-0.12	0.03	-	-0.02
Asset Writedown	-3.59	-	-0.12	-0.02	-0.11
Other Unusual Items	8.13	8.13	-0.04	1.34	12.84
Pretax Income	544.65	494.81	390.39	202.03	133.37
Income Tax Expense	72.96	71.66	57.15	29.69	20.21
Earnings From Continuing Operations	471.68	423.15	333.24	172.34	113.17
Minority Interest in Earnings	-2.73	-1.78	-0.74	-0.03	-0.31
Net Income	468.95	421.37	332.5	172.31	112.85
Net Income to Common	468.95	421.37	332.5	172.31	112.85
Net Income Growth	315.53%	26.73%	92.96%	52.69%	-
Shares Outstanding (Basic)	361	360	360	360	-
Shares Outstanding (Diluted)	361	360	360	360	-
EPS (Basic)	1.30	1.17	0.92	0.48	-
EPS (Diluted)	1.30	1.17	0.92	0.48	-
EPS Growth	-	27.17%	92.21%	-	-
Free Cash Flow	333	354.12	296.31	107.67	134
Free Cash Flow Per Share	0.92	0.98	0.82	0.30	-
Dividend Per Share	-	-	0.111	-	-
Gross Margin	58.56%	58.93%	59.27%	55.29%	51.78%
Operating Margin	43.64%	44.16%	45.24%	36.97%	33.35%
Profit Margin	38.59%	39.21%	39.99%	32.28%	31.21%
Free Cash Flow Margin	27.40%	32.95%	35.64%	20.17%	37.06%
EBITDA	545.41	489.19	389.06	204.43	123.16
EBITDA Margin	44.88%	45.52%	46.79%	38.30%	34.06%
D&A For EBITDA	15.02	14.6	12.89	7.09	2.56
EBIT	530.38	474.6	376.17	197.35	120.6
EBIT Margin	43.64%	44.16%	45.24%	36.97%	33.35%
Effective Tax Rate	13.40%	14.48%	14.64%	14.70%	15.15%
Revenue as Reported	1,215	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.