SHE:001285 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	Jun '26 Jun 30, 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	2,611	2,354	1,940	1,727	1,298	1,346
Other Revenue	47	38.58	37.81	33.61	27.32	37.37
Revenue	2,658	2,393	1,977	1,760	1,326	1,383
Revenue Growth	23.58%	21.01%	12.32%	32.81%	-4.18%	8.87%
Cost of Revenue	1,925	1,731	1,430	1,281	1,038	1,018
Gross Profit	732.68	661.71	547.21	479.78	288.05	365.95
Selling, General & Admin	161.37	153.66	132.72	120.65	89.77	88.76
Research & Development	162.13	137.46	115.83	96.79	93.73	84.3
Other Operating Expenses	11.51	-0.89	-9.13	-10.21	-8.07	-20.15
Operating Expenses	350.47	301.56	248.46	203.34	189.64	141.44
Operating Income	382.22	360.16	298.75	276.44	98.4	224.51
Interest Expense	-1.66	-4.95	-9.16	-15.62	-16.18	-4.82
Interest & Investment Income	20.05	12.42	3.73	2.77	4.53	4.31
Currency Exchange Gain (Loss)	-11.5	1.75	-2.29	1.23	1.5	-0.42
Other Non Operating Income (Expenses)	-0.35	-0.83	-0.51	1.58	-1.28	0.72
EBT Excluding Unusual Items	388.76	368.55	290.52	266.4	86.97	224.3
Gain (Loss) on Sale of Investments	15.33	-2.93	3.1	-0.07	-	-0.07
Gain (Loss) on Sale of Assets	-1.84	-1.07	-0.07	0.11	-0.84	-0.9
Asset Writedown	-1.47	-1.5	-0.4	-2.07	-1.26	-0.67
Other Unusual Items	19.26	12.93	11.87	3.02	17.58	5.05
Pretax Income	420.04	375.98	305.02	267.39	102.46	227.71
Income Tax Expense	38.65	38.82	30.23	28.08	-2.38	28.38
Earnings From Continuing Operations	381.39	337.16	274.8	239.31	104.84	199.33
Minority Interest in Earnings	-4.5	-4.13	-5.68	-3.38	-7.87	-1.82
Net Income	376.89	333.03	269.12	235.93	96.96	197.52
Net Income to Common	376.89	333.03	269.12	235.93	96.96	197.52
Net Income Growth	29.73%	23.75%	14.07%	143.32%	-50.91%	-20.42%
Shares Outstanding (Basic)	169	147	135	135	135	117
Shares Outstanding (Diluted)	169	147	135	135	135	117
Shares Change	25.29%	8.48%	0.31%	0.11%	15.23%	18.67%
EPS (Basic)	2.23	2.27	1.99	1.75	0.72	1.69
EPS (Diluted)	2.23	2.27	1.99	1.75	0.72	1.69
EPS Growth	3.54%	14.07%	13.71%	143.06%	-57.40%	-32.94%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	-25.08	176.33	343.86	111.19	-118.62	325.97
Free Cash Flow Per Share	-0.15	1.20	2.54	0.82	-0.88	2.79
Dividend Per Share	0.556	0.556	-	-	-	-
Dividend Growth	-	-	-	-	-	-
Gross Margin	27.57%	27.66%	27.67%	27.25%	21.73%	26.45%
Operating Margin	14.38%	15.05%	15.11%	15.70%	7.42%	16.23%
Profit Margin	14.18%	13.92%	13.61%	13.40%	7.32%	14.28%
Free Cash Flow Margin	-0.94%	7.37%	17.39%	6.32%	-8.95%	23.56%
EBITDA	471	434.97	367.67	342.75	157.62	273.94
EBITDA Margin	17.72%	18.18%	18.59%	19.47%	11.89%	19.80%
D&A For EBITDA	88.79	74.82	68.91	66.31	59.22	49.43
EBIT	382.22	360.16	298.75	276.44	98.4	224.51
EBIT Margin	14.38%	15.05%	15.11%	15.70%	7.42%	16.23%
Effective Tax Rate	9.20%	10.33%	9.91%	10.50%	-	12.46%
Revenue as Reported	2,658	2,393	1,977	-	-	-