SHE:001225 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	Dec '21 Dec 31, 2021
Operating Revenue	238.84	250.81	385.62	488.18	498.74
Other Revenue	-	-	-	8.45	12.91
Revenue	238.84	250.81	385.62	496.63	511.65
Revenue Growth (YoY)	-4.77%	-34.96%	-22.35%	-2.94%	24.65%
Cost of Revenue	156.64	158.98	235.82	292.54	277.71
Gross Profit	82.2	91.83	149.8	204.09	233.94
Selling, General & Admin	36.86	34.59	38.61	32.06	35.94
Research & Development	21.44	18.65	26.01	24.45	27.75
Other Operating Expenses	-0.18	2	-5.3	2.7	3.35
Operating Expenses	58.13	58.01	60.66	58.87	67.5
Operating Income	24.08	33.82	89.14	145.21	166.44
Interest Expense	-	-0.08	-0.07	-	-
Interest & Investment Income	7.84	25	29.79	9.1	6.25
Currency Exchange Gain (Loss)	-	1.48	1.42	4.81	-1.18
Other Non Operating Income (Expenses)	6.86	-0.11	0.07	0.35	38.43
EBT Excluding Unusual Items	38.78	60.11	120.35	159.47	209.94
Gain (Loss) on Sale of Investments	5.31	1.97	-	-	-
Gain (Loss) on Sale of Assets	0.17	0.13	0	40.82	28.72
Asset Writedown	-4.41	-0	-	-0.19	-0
Other Unusual Items	-	3.08	10.32	56.06	-
Pretax Income	39.85	65.29	130.68	256.16	238.65
Income Tax Expense	5.75	7.75	16.82	35.2	32.42
Net Income	34.1	57.54	113.86	220.97	206.23
Net Income to Common	34.1	57.54	113.86	220.97	206.23
Net Income Growth	-40.73%	-49.47%	-48.47%	7.14%	85.32%
Shares Outstanding (Basic)	64	65	62	48	49
Shares Outstanding (Diluted)	64	65	62	48	49
Shares Change (YoY)	-0.47%	4.47%	27.70%	-0.14%	-0.14%
EPS (Basic)	0.53	0.89	1.84	4.56	4.25
EPS (Diluted)	0.53	0.89	1.84	4.56	4.25
EPS Growth	-40.45%	-51.63%	-59.65%	7.29%	85.59%
Free Cash Flow	11.23	51.67	29.22	109.55	89.84
Free Cash Flow Per Share	0.17	0.80	0.47	2.26	1.85
Dividend Per Share	-	1.222	1.250	1.250	1.000
Dividend Growth	-	-2.24%	-	25.00%	38.89%
Gross Margin	34.42%	36.61%	38.85%	41.09%	45.72%
Operating Margin	10.08%	13.48%	23.12%	29.24%	32.53%
Profit Margin	14.28%	22.94%	29.53%	44.49%	40.31%
Free Cash Flow Margin	4.70%	20.60%	7.58%	22.06%	17.56%
EBITDA	45.85	49.57	101.06	155.98	177.83
EBITDA Margin	19.20%	19.76%	26.21%	31.41%	34.76%
D&A For EBITDA	21.77	15.75	11.91	10.76	11.4
EBIT	24.08	33.82	89.14	145.21	166.44
EBIT Margin	10.08%	13.48%	23.12%	29.24%	32.53%
Effective Tax Rate	14.43%	11.87%	12.87%	13.74%	13.58%
Revenue as Reported	-	250.81	385.62	496.63	511.65
Advertising Expenses	-	0.09	0.05	0.09	0.24

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