SHE:000856 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	2,779	2,493	2,919	3,197	3,441
Other Revenue	-	2.23	2.17	2.41	9.5
Revenue	2,779	2,495	2,921	3,200	3,450
Revenue Growth (YoY)	11.37%	-14.58%	-8.71%	-7.26%	15.88%
Cost of Revenue	2,570	2,296	2,695	2,986	3,254
Gross Profit	209	198.72	226.08	213.53	196.42
Selling, General & Admin	120.79	134.18	125.67	117.15	118.79
Research & Development	51.5	49.17	43.52	38.59	27.6
Other Operating Expenses	2.18	6.08	16.02	9.08	13.35
Operating Expenses	174.47	181.72	186.1	176.96	166.37
Operating Income	34.54	17	39.98	36.57	30.05
Interest Expense	-	-6.77	-7.12	-8.82	-16.23
Interest & Investment Income	7.24	11.35	2.6	3.29	4.04
Currency Exchange Gain (Loss)	-	0.07	0.16	0.45	-1.44
Other Non Operating Income (Expenses)	-4.34	-0.95	4.06	1.23	2.9
EBT Excluding Unusual Items	37.43	20.7	39.68	32.72	19.33
Gain (Loss) on Sale of Assets	0.06	0.06	0.05	0.09	0.76
Asset Writedown	0.63	0.01	-0.1	0.16	-
Other Unusual Items	-	15.26	13.35	11.35	20.25
Pretax Income	38.13	36.03	52.98	44.33	40.34
Income Tax Expense	9.29	14.33	16.02	24.81	23
Earnings From Continuing Operations	28.84	21.7	36.96	19.51	17.34
Minority Interest in Earnings	-2.73	0.16	-6.29	-5.78	3.59
Net Income	26.12	21.86	30.67	13.73	20.93
Net Income to Common	26.12	21.86	30.67	13.73	20.93
Net Income Growth	19.47%	-28.72%	123.38%	-34.40%	25.34%
Shares Outstanding (Basic)	227	227	227	227	227
Shares Outstanding (Diluted)	227	227	227	227	227
Shares Change (YoY)	0.04%	-0.00%	0.03%	-0.03%	0.06%
EPS (Basic)	0.12	0.10	0.14	0.06	0.09
EPS (Diluted)	0.12	0.10	0.14	0.06	0.09
EPS Growth	19.42%	-28.72%	123.31%	-34.38%	25.27%
Free Cash Flow	-44.17	-41.47	76.92	140.88	-23.2
Free Cash Flow Per Share	-0.19	-0.18	0.34	0.62	-0.10
Gross Margin	7.52%	7.96%	7.74%	6.67%	5.69%
Operating Margin	1.24%	0.68%	1.37%	1.14%	0.87%
Profit Margin	0.94%	0.88%	1.05%	0.43%	0.61%
Free Cash Flow Margin	-1.59%	-1.66%	2.63%	4.40%	-0.67%
EBITDA	51.86	34.14	57.16	52.68	55.13
EBITDA Margin	1.87%	1.37%	1.96%	1.65%	1.60%
D&A For EBITDA	17.33	17.13	17.18	16.12	25.07
EBIT	34.54	17	39.98	36.57	30.05
EBIT Margin	1.24%	0.68%	1.37%	1.14%	0.87%
Effective Tax Rate	24.35%	39.77%	30.24%	55.98%	57.02%
Revenue as Reported	-	2,495	2,921	3,200	3,450

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.