SHE:001207 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	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	2,523	2,307	2,218	1,871	1,798	1,408
Other Revenue	50.22	50.22	47.35	45.79	36.92	38.98
Revenue	2,573	2,357	2,266	1,917	1,835	1,447
Revenue Growth	6.84%	4.03%	18.21%	4.45%	26.81%	45.29%
Cost of Revenue	2,061	1,892	1,830	1,629	1,626	1,167
Gross Profit	511.42	465.45	436.06	287.39	208.82	279.82
Selling, General & Admin	63.21	54.9	56.98	48.98	44.21	39.27
Research & Development	88.96	82.08	80.22	70.94	67.37	59.16
Other Operating Expenses	0.73	-3.16	-3.08	-3.72	3.75	6.12
Operating Expenses	159.86	135.56	135.79	107.27	119.24	109.65
Operating Income	351.56	329.89	300.27	180.13	89.57	170.17
Interest Expense	-4	-3.02	-1.59	-0.39	-	-2.97
Interest & Investment Income	13.22	13.23	18.73	16.33	13.38	9.64
Currency Exchange Gain (Loss)	0.61	0.61	0.64	0.11	0.23	-0.63
Other Non Operating Income (Expenses)	1.1	-0.27	-0.37	-0.48	-1.68	-1.22
EBT Excluding Unusual Items	362.49	340.44	317.68	195.7	101.5	174.98
Gain (Loss) on Sale of Investments	4.94	-2.99	-7.06	-7.59	0.45	-0.84
Gain (Loss) on Sale of Assets	0.2	0.98	0.34	0.15	0.64	0.04
Asset Writedown	-0.99	-0.41	-0.37	-0.1	-0.2	-0.67
Other Unusual Items	2.8	3.23	1.67	4.37	18.16	14.54
Pretax Income	369.43	341.24	312.26	192.53	120.55	188.05
Income Tax Expense	50.68	46.52	37.93	22.15	7.78	23.53
Earnings From Continuing Operations	318.76	294.72	274.34	170.38	112.77	164.51
Minority Interest in Earnings	-0.73	-2.03	-2.19	-1.83	-1.34	-0.99
Net Income	318.03	292.69	272.15	168.55	111.43	163.52
Net Income to Common	318.03	292.69	272.15	168.55	111.43	163.52
Net Income Growth	5.08%	7.55%	61.46%	51.27%	-31.86%	38.08%
Shares Outstanding (Basic)	286	285	280	268	256	222
Shares Outstanding (Diluted)	286	285	280	268	256	222
Shares Change	-3.02%	1.57%	4.48%	4.85%	15.06%	16.31%
EPS (Basic)	1.11	1.03	0.97	0.63	0.44	0.74
EPS (Diluted)	1.11	1.03	0.97	0.63	0.44	0.74
EPS Growth	8.35%	5.89%	54.53%	44.27%	-40.78%	18.72%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Free Cash Flow	441.55	365.14	143.62	53.98	-33.96	-34.73
Free Cash Flow Per Share	1.54	1.28	0.51	0.20	-0.13	-0.16
Dividend Per Share	0.871	0.571	0.286	0.357	0.143	0.357
Dividend Growth	306.63%	100.00%	-19.99%	149.90%	-59.98%	-
Gross Margin	19.88%	19.75%	19.25%	14.99%	11.38%	19.34%
Operating Margin	13.66%	13.99%	13.25%	9.40%	4.88%	11.76%
Profit Margin	12.36%	12.42%	12.01%	8.79%	6.07%	11.30%
Free Cash Flow Margin	17.16%	15.49%	6.34%	2.82%	-1.85%	-2.40%
EBITDA	477.93	438.73	385.74	257.91	160.93	229.45
EBITDA Margin	18.58%	18.61%	17.02%	13.46%	8.77%	15.86%
D&A For EBITDA	126.38	108.84	85.46	77.78	71.36	59.29
EBIT	351.56	329.89	300.27	180.13	89.57	170.17
EBIT Margin	13.66%	13.99%	13.25%	9.40%	4.88%	11.76%
Effective Tax Rate	13.72%	13.63%	12.14%	11.50%	6.46%	12.52%
Revenue as Reported	2,573	2,357	2,266	1,917	1,835	1,447