SHE:001239 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	1,871	786.29	767.38	769.95	928.49
Other Revenue	168.66	63.09	53.45	63.06	74.18
Revenue	2,040	849.38	820.84	833	1,003
Revenue Growth (YoY)	140.13%	3.48%	-1.46%	-16.92%	29.26%
Cost of Revenue	1,811	688.1	636.7	643.25	794.89
Gross Profit	228.1	161.28	184.14	189.76	207.77
Selling, General & Admin	76.83	55.62	41.04	41.42	44.86
Research & Development	53.84	15.11	7.41	7.14	12.63
Other Operating Expenses	-0.91	5.06	6.19	7.93	6.73
Operating Expenses	135.59	89.69	58.36	53.06	68.42
Operating Income	92.51	71.6	125.78	136.7	139.35
Interest Expense	-27.99	-14.88	-14.9	-17.4	-19.44
Interest & Investment Income	10.32	8.04	0.68	0.66	1.22
Currency Exchange Gain (Loss)	3.49	-1.33	-	-	-
Other Non Operating Income (Expenses)	-1.47	22.83	-1.82	-2.07	-2.34
EBT Excluding Unusual Items	76.85	86.26	109.74	117.88	118.8
Gain (Loss) on Sale of Investments	-2.03	2.56	-4.83	-7.8	-9.41
Gain (Loss) on Sale of Assets	40.43	1	1.1	1.36	0.56
Asset Writedown	-1.94	-0.03	-	-	-0.75
Other Unusual Items	10.42	12.45	13.83	11.45	4.29
Pretax Income	123.72	102.24	119.84	122.89	113.49
Income Tax Expense	8.08	15.89	28.62	29.83	25.08
Earnings From Continuing Operations	115.64	86.34	91.23	93.05	88.41
Minority Interest in Earnings	-68.11	-7.26	-	-	-
Net Income	47.53	79.08	91.23	93.05	88.41
Net Income to Common	47.53	79.08	91.23	93.05	88.41
Net Income Growth	-39.89%	-13.31%	-1.96%	5.25%	43.12%
Shares Outstanding (Basic)	240	240	180	180	180
Shares Outstanding (Diluted)	240	240	180	180	180
Shares Change (YoY)	-0.02%	33.33%	0.01%	-0.00%	-
EPS (Basic)	0.20	0.33	0.51	0.52	0.49
EPS (Diluted)	0.20	0.33	0.51	0.52	0.49
EPS Growth	-39.88%	-34.98%	-1.97%	5.25%	-
Free Cash Flow	91.67	-71.82	-172.88	-70.25	2.33
Free Cash Flow Per Share	0.38	-0.30	-0.96	-0.39	0.01
Gross Margin	11.18%	18.99%	22.43%	22.78%	20.72%
Operating Margin	4.54%	8.43%	15.32%	16.41%	13.90%
Profit Margin	2.33%	9.31%	11.11%	11.17%	8.82%
Free Cash Flow Margin	4.50%	-8.46%	-21.06%	-8.43%	0.23%
EBITDA	181.29	119.54	162.78	171.87	169.84
EBITDA Margin	8.89%	14.07%	19.83%	20.63%	16.94%
D&A For EBITDA	88.78	47.94	37	35.17	30.49
EBIT	92.51	71.6	125.78	136.7	139.35
EBIT Margin	4.54%	8.43%	15.32%	16.41%	13.90%
Effective Tax Rate	6.53%	15.55%	23.88%	24.28%	22.10%
Revenue as Reported	2,040	849.38	820.84	833	1,003

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