SHE:001279 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	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,510	1,455	1,452	1,399	1,558	1,474
Other Revenue	27.04	27.04	27.39	26.41	30.69	28.08
Revenue	1,537	1,482	1,479	1,425	1,588	1,503
Revenue Growth (YoY)	1.95%	0.21%	3.77%	-10.26%	5.72%	37.52%
Cost of Revenue	1,396	1,340	1,301	1,238	1,386	1,330
Gross Profit	140.21	142.74	178.26	187.72	202.06	172.55
Selling, General & Admin	55.89	51.48	48.71	42	41.53	42.51
Research & Development	51.36	49.88	51.25	48.58	54.81	48.59
Other Operating Expenses	2.01	-1.03	-0.24	-1.13	3.58	1.18
Operating Expenses	112.63	103.06	101.95	90.14	100.49	90.92
Operating Income	27.58	39.68	76.31	97.58	101.57	81.63
Interest Expense	-1.14	-1.03	-1.19	-2.52	-4.69	-3.07
Interest & Investment Income	15.63	16.54	4.5	3.42	2	0.14
Currency Exchange Gain (Loss)	-2.59	-2.59	8.11	2.92	-0.71	-2
Other Non Operating Income (Expenses)	-8.01	-1.12	-0.38	-0.35	-0.27	-0.1
EBT Excluding Unusual Items	31.47	51.46	87.35	101.06	97.9	76.59
Gain (Loss) on Sale of Investments	0.59	0.02	-	-	-	-0.04
Gain (Loss) on Sale of Assets	0.26	0.26	-	-0.08	-0.01	-
Asset Writedown	-0.86	-0.86	-0.31	-0.32	-0.33	-0.16
Other Unusual Items	6.37	5.3	4.37	4.62	13.04	2.87
Pretax Income	37.83	56.18	91.41	105.28	110.59	79.26
Income Tax Expense	1.53	3.81	9.09	11.77	11.7	8.8
Earnings From Continuing Operations	36.3	52.37	82.32	93.51	98.89	70.47
Minority Interest in Earnings	3.04	1.15	-	-	-	-
Net Income	39.34	53.52	82.32	93.51	98.89	70.47
Net Income to Common	39.34	53.52	82.32	93.51	98.89	70.47
Net Income Growth	-53.75%	-34.98%	-11.97%	-5.44%	40.34%	-8.10%
Shares Outstanding (Basic)	160	160	127	120	121	114
Shares Outstanding (Diluted)	160	160	127	120	121	114
Shares Change (YoY)	17.08%	26.32%	5.55%	-0.50%	6.11%	162.79%
EPS (Basic)	0.25	0.33	0.65	0.78	0.82	0.62
EPS (Diluted)	0.25	0.33	0.65	0.78	0.82	0.62
EPS Growth	-60.50%	-48.53%	-16.61%	-4.96%	32.26%	-65.03%
Free Cash Flow	180.72	341.53	13.67	77.46	103.72	11.12
Free Cash Flow Per Share	1.13	2.13	0.11	0.65	0.86	0.10
Dividend Per Share	0.188	0.188	0.125	-	-	-
Dividend Growth	50.00%	50.00%	-	-	-	-
Gross Margin	9.13%	9.63%	12.05%	13.17%	12.72%	11.48%
Operating Margin	1.80%	2.68%	5.16%	6.84%	6.39%	5.43%
Profit Margin	2.56%	3.61%	5.56%	6.56%	6.23%	4.69%
Free Cash Flow Margin	11.76%	23.04%	0.92%	5.43%	6.53%	0.74%
EBITDA	45.52	57.27	92.5	114.38	118.65	98.28
EBITDA Margin	2.96%	3.86%	6.25%	8.02%	7.47%	6.54%
D&A For EBITDA	17.94	17.59	16.19	16.8	17.08	16.66
EBIT	27.58	39.68	76.31	97.58	101.57	81.63
EBIT Margin	1.80%	2.68%	5.16%	6.84%	6.39%	5.43%
Effective Tax Rate	4.06%	6.78%	9.95%	11.18%	10.58%	11.10%
Revenue as Reported	1,537	1,482	1,479	1,425	1,588	1,503