SHE:001270 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	Jan '22 Jan 1, 2022
Revenue	404.62	211.54	287.35	277.79	210.93
Revenue Growth (YoY)	91.28%	-26.38%	3.44%	31.70%	20.60%
Cost of Revenue	110.56	94.86	108.41	80.91	48.72
Gross Profit	294.06	116.68	178.95	196.88	162.22
Selling, General & Admin	41.81	39.66	35.58	27.63	22.93
Research & Development	145.97	87.86	68.03	43.28	29.79
Other Operating Expenses	-4.99	-3.34	0.38	2	2.09
Operating Expenses	182.8	167.8	120.56	78.22	57.28
Operating Income	111.26	-51.12	58.39	118.67	104.94
Interest Expense	-	-0.01	-0.06	-0.01	-0.02
Interest & Investment Income	1.16	5.1	9.11	5.35	3.95
Other Non Operating Income (Expenses)	-1.18	0.21	-0.06	-0.13	-0.02
EBT Excluding Unusual Items	111.24	-45.82	67.39	123.87	108.84
Gain (Loss) on Sale of Investments	0.1	0.25	2.29	0.96	1.33
Gain (Loss) on Sale of Assets	-	0	-0.04	-	-0.01
Asset Writedown	3.93	-0.14	-0.34	-0	-0.01
Other Unusual Items	-	7.89	10.54	17.38	44.43
Pretax Income	115.27	-37.81	79.84	142.22	154.59
Income Tax Expense	-1.84	-6.69	0.13	9.47	-5.39
Net Income	117.11	-31.12	79.71	132.75	159.98
Net Income to Common	117.11	-31.12	79.71	132.75	159.98
Net Income Growth	-	-	-39.96%	-17.02%	251.71%
Shares Outstanding (Basic)	203	204	203	182	153
Shares Outstanding (Diluted)	208	204	203	182	153
Shares Change (YoY)	2.06%	0.01%	11.63%	19.45%	14.75%
EPS (Basic)	0.58	-0.15	0.39	0.73	1.05
EPS (Diluted)	0.56	-0.15	0.39	0.73	1.05
EPS Growth	-	-	-46.21%	-30.53%	206.49%
Free Cash Flow	-60.9	-193.44	-131.1	-80.68	-1.73
Free Cash Flow Per Share	-0.29	-0.95	-0.64	-0.44	-0.01
Dividend Per Share	-	-	0.154	0.198	-
Dividend Growth	-	-	-22.25%	-	-
Gross Margin	72.67%	55.16%	62.27%	70.88%	76.90%
Operating Margin	27.50%	-24.16%	20.32%	42.72%	49.75%
Profit Margin	28.94%	-14.71%	27.74%	47.79%	75.84%
Free Cash Flow Margin	-15.05%	-91.44%	-45.62%	-29.04%	-0.82%
EBITDA	145.05	-24.28	73.84	127.17	112.67
EBITDA Margin	35.85%	-11.48%	25.70%	45.78%	53.42%
D&A For EBITDA	33.79	26.84	15.44	8.5	7.73
EBIT	111.26	-51.12	58.39	118.67	104.94
EBIT Margin	27.50%	-24.16%	20.32%	42.72%	49.75%
Effective Tax Rate	-	-	0.16%	6.66%	-
Revenue as Reported	-	211.54	287.35	277.79	210.93

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