SHE:001207 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	2,307	2,218	1,871	1,798	1,408
Other Revenue	50.22	47.35	45.79	36.92	38.98
Revenue	2,357	2,266	1,917	1,835	1,447
Revenue Growth (YoY)	4.03%	18.21%	4.45%	26.81%	45.29%
Cost of Revenue	1,892	1,830	1,629	1,626	1,167
Gross Profit	465.45	436.06	287.39	208.82	279.82
Selling, General & Admin	54.9	56.98	48.98	44.21	39.27
Research & Development	82.08	80.22	70.94	67.37	59.16
Other Operating Expenses	-3.16	-3.08	-3.72	3.75	6.12
Operating Expenses	135.56	135.79	107.27	119.24	109.65
Operating Income	329.89	300.27	180.13	89.57	170.17
Interest Expense	-3.02	-1.59	-0.39	-	-2.97
Interest & Investment Income	13.23	18.73	16.33	13.38	9.64
Currency Exchange Gain (Loss)	0.61	0.64	0.11	0.23	-0.63
Other Non Operating Income (Expenses)	-0.27	-0.37	-0.48	-1.68	-1.22
EBT Excluding Unusual Items	340.44	317.68	195.7	101.5	174.98
Gain (Loss) on Sale of Investments	-2.99	-7.06	-7.59	0.45	-0.84
Gain (Loss) on Sale of Assets	0.98	0.34	0.15	0.64	0.04
Asset Writedown	-0.41	-0.37	-0.1	-0.2	-0.67
Other Unusual Items	3.23	1.67	4.37	18.16	14.54
Pretax Income	341.24	312.26	192.53	120.55	188.05
Income Tax Expense	46.52	37.93	22.15	7.78	23.53
Earnings From Continuing Operations	294.72	274.34	170.38	112.77	164.51
Minority Interest in Earnings	-2.03	-2.19	-1.83	-1.34	-0.99
Net Income	292.69	272.15	168.55	111.43	163.52
Net Income to Common	292.69	272.15	168.55	111.43	163.52
Net Income Growth	7.55%	61.46%	51.27%	-31.86%	38.08%
Shares Outstanding (Basic)	203	200	192	183	159
Shares Outstanding (Diluted)	203	200	192	183	159
Shares Change (YoY)	1.57%	4.48%	4.86%	15.06%	16.31%
EPS (Basic)	1.44	1.36	0.88	0.61	1.03
EPS (Diluted)	1.44	1.36	0.88	0.61	1.03
EPS Growth	5.88%	54.55%	44.26%	-40.78%	18.72%
Free Cash Flow	365.14	143.62	53.98	-33.96	-34.73
Free Cash Flow Per Share	1.80	0.72	0.28	-0.19	-0.22
Dividend Per Share	0.800	0.400	0.500	0.200	0.500
Dividend Growth	100.00%	-20.00%	150.00%	-60.00%	-
Gross Margin	19.75%	19.25%	14.99%	11.38%	19.34%
Operating Margin	13.99%	13.25%	9.40%	4.88%	11.76%
Profit Margin	12.42%	12.01%	8.79%	6.07%	11.30%
Free Cash Flow Margin	15.49%	6.34%	2.82%	-1.85%	-2.40%
EBITDA	438.73	385.74	257.91	160.93	229.45
EBITDA Margin	18.61%	17.02%	13.46%	8.77%	15.86%
D&A For EBITDA	108.84	85.46	77.78	71.36	59.29
EBIT	329.89	300.27	180.13	89.57	170.17
EBIT Margin	13.99%	13.25%	9.40%	4.88%	11.76%
Effective Tax Rate	13.63%	12.14%	11.50%	6.46%	12.52%
Revenue as Reported	2,357	2,266	1,917	1,835	1,447

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