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	234.92	247.39	385.62	488.18	498.74
Other Revenue	3.92	3.42	-	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	161.37	158.98	235.82	292.54	277.71
Gross Profit	77.47	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	58.79	58.01	60.66	58.87	67.5
Operating Income	18.68	33.82	89.14	145.21	166.44
Interest Expense	-0.07	-0.08	-0.07	-	-
Interest & Investment Income	19.2	25	29.79	9.1	6.25
Currency Exchange Gain (Loss)	-2.74	1.48	1.42	4.81	-1.18
Other Non Operating Income (Expenses)	-0.09	-0.62	0.07	0.35	38.43
EBT Excluding Unusual Items	34.98	59.6	120.35	159.47	209.94
Gain (Loss) on Sale of Investments	5.31	4.81	-	-	-
Gain (Loss) on Sale of Assets	0.17	0.13	0	40.82	28.72
Asset Writedown	-0.21	-0	-	-0.19	-0
Other Unusual Items	-0.4	0.75	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	0.312	1.222	1.250	1.250	1.000
Dividend Growth	-74.47%	-2.24%	-	25.00%	38.89%
Gross Margin	32.44%	36.61%	38.85%	41.09%	45.72%
Operating Margin	7.82%	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	39.44	50.59	101.06	155.98	177.83
EBITDA Margin	16.51%	20.17%	26.21%	31.41%	34.76%
D&A For EBITDA	20.75	16.77	11.91	10.76	11.4
EBIT	18.68	33.82	89.14	145.21	166.44
EBIT Margin	7.82%	13.48%	23.12%	29.24%	32.53%
Effective Tax Rate	14.43%	11.87%	12.87%	13.74%	13.58%
Revenue as Reported	238.84	250.81	385.62	496.63	511.65
Advertising Expenses	0.07	0.09	0.05	0.09	0.24

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