SHE:000919 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	3,172	3,256	3,164	2,649	2,789
Other Revenue	25.77	25.02	29.52	22.15	19.62
Revenue	3,197	3,281	3,194	2,671	2,809
Revenue Growth (YoY)	-2.56%	2.74%	19.58%	-4.91%	12.18%
Cost of Revenue	2,531	2,676	2,557	2,142	2,181
Gross Profit	665.96	605.17	637.06	528.55	628.17
Selling, General & Admin	507.86	446.73	460.88	383.48	384.3
Research & Development	110.14	110.69	79.14	74.17	57.01
Other Operating Expenses	23	20.68	13	18.21	19.28
Operating Expenses	641	579.86	556.22	477.52	458.93
Operating Income	24.96	25.31	80.84	51.03	169.24
Interest Expense	-5.21	-2.2	-1.3	-0.26	-0.29
Interest & Investment Income	49.38	63.91	58.14	34.98	46.4
Currency Exchange Gain (Loss)	0.01	0.04	0.02	0.08	-0
Other Non Operating Income (Expenses)	8.4	1.73	-1.07	-1.45	-1.42
EBT Excluding Unusual Items	77.54	88.8	136.63	84.38	213.92
Impairment of Goodwill	-18.05	-86.3	-	-	-45.97
Gain (Loss) on Sale of Investments	-0.11	14.39	-0.96	-27.14	-29.95
Gain (Loss) on Sale of Assets	-0.39	21.34	-0.56	61.83	51.98
Asset Writedown	-0.91	-10.01	-0.15	-	-1.56
Other Unusual Items	7.1	11.8	13.4	8.71	6.38
Pretax Income	65.19	40.01	148.36	127.77	194.81
Income Tax Expense	13.9	22.05	19.6	13.9	41.88
Earnings From Continuing Operations	51.29	17.95	128.76	113.87	152.94
Minority Interest in Earnings	2.62	22.46	-22.57	-8.58	-32.31
Net Income	53.91	40.41	106.19	105.28	120.63
Net Income to Common	53.91	40.41	106.19	105.28	120.63
Net Income Growth	33.42%	-61.95%	0.87%	-12.72%	85.19%
Shares Outstanding (Basic)	622	593	504	504	504
Shares Outstanding (Diluted)	622	593	504	504	504
Shares Change (YoY)	4.95%	17.56%	0.01%	-0.02%	-0.01%
EPS (Basic)	0.09	0.07	0.21	0.21	0.24
EPS (Diluted)	0.09	0.07	0.21	0.21	0.24
EPS Growth	27.13%	-67.63%	0.86%	-12.70%	85.22%
Free Cash Flow	16.34	-47.44	-25.85	-49.05	129.26
Free Cash Flow Per Share	0.03	-0.08	-0.05	-0.10	0.26
Dividend Per Share	0.100	0.100	0.100	0.100	0.100
Gross Margin	20.83%	18.44%	19.95%	19.79%	22.36%
Operating Margin	0.78%	0.77%	2.53%	1.91%	6.02%
Profit Margin	1.69%	1.23%	3.33%	3.94%	4.29%
Free Cash Flow Margin	0.51%	-1.45%	-0.81%	-1.84%	4.60%
EBITDA	168.35	180.06	229.81	173.57	291.14
EBITDA Margin	5.27%	5.49%	7.20%	6.50%	10.37%
D&A For EBITDA	143.38	154.75	148.97	122.54	121.9
EBIT	24.96	25.31	80.84	51.03	169.24
EBIT Margin	0.78%	0.77%	2.53%	1.91%	6.02%
Effective Tax Rate	21.32%	55.12%	13.21%	10.88%	21.50%
Revenue as Reported	3,197	3,281	3,194	2,671	2,809

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