Shijiazhuang Shangtai Technology Co., Ltd. (SHE:001301)

Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2020	FY 2019	FY 2018
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Negative Electrode Material		4.71B	3.74B	4.20B	1.89B	495.87M
Negative Electrode Material Growth		25.97%	-11.01%	122.29%	280.87%	41.86%
Graphitized Coke		319.48M	432.81M	401.21M	316.68M	109.32M
Graphitized Coke Growth		-26.19%	7.88%	26.69%	189.67%	20.52%
Diamond Carbon Source		11.39M	-	531.22K	47.34M	51.28M
Diamond Carbon Source Growth		-	-	-98.88%	-7.70%	-22.03%
Other Entrusted Processing		848.69K	-	188.46K	15.20M	12.58M
Other Entrusted Processing Growth		-	-	-98.76%	20.88%	4.11%
Entrusted Processing of Negative Electrode Materials		43.72K	272.56K	38.47M	17.83M	1.18M
Entrusted Processing of Negative Electrode Materials Growth		-83.96%	-99.29%	115.70%	1408.94%	-94.03%
Unallocated Other		190.92M	221.53M	143.20M	50.39M	-
Unallocated Other Growth		-13.82%	54.70%	184.20%	-	-
Total		5.23B	4.39B	4.78B	2.34B	670.24M
Total Growth		19.10%	-8.18%	104.70%	248.54%	24.60%

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2020	FY 2019	FY 2018
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
East China		2.93B	2.35B	3.17B	1.46B	-
East China Growth		24.69%	-25.69%	116.48%	-	-
Southwest China		1.40B	674.61M	138.86M	15.40M	-
Southwest China Growth		107.78%	385.84%	801.57%	-	-
Southern China		320.64M	561.82M	625.86M	179.31M	-
Southern China Growth		-42.93%	-10.23%	249.03%	-	-
Central China		232.12M	183.13M	120.01M	94.49M	-
Central China Growth		26.75%	52.60%	27.00%	-	-
Northern China		270.20M	550.33M	420.32M	128.48M	-
Northern China Growth		-50.90%	30.93%	227.14%	-	-
Overseas		14.94M	2.50M	397.83K	-	-
Overseas Growth		498.44%	527.65%	-	-	-
Northeast China		38.48M	34.18M	66.17M	46.43M	-
Northeast China Growth		12.58%	-48.35%	42.52%	-	-
Northwestern China		17.09M	31.03M	243.75M	409.24M	-
Northwestern China Growth		-44.92%	-87.27%	-40.44%	-	-
China		-	-	-	-	681.92M
China Growth		-	-	-	-	24.72%
Total		5.23B	4.39B	4.78B	2.34B	681.92M
Total Growth		19.10%	-8.18%	104.70%	242.57%	24.72%

Source: S&P Global Market Intelligence.