SHE:001358 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	474.56	467.85	630.02	774.22	506.14
Other Revenue	-	0.29	0.22	0.25	0.31
Revenue	474.56	468.14	630.24	774.47	506.44
Revenue Growth (YoY)	1.37%	-25.72%	-18.62%	52.92%	35.60%
Cost of Revenue	342.05	322.81	412.15	464.27	314.49
Gross Profit	132.51	145.33	218.1	310.2	191.95
Selling, General & Admin	60.87	51.91	39.47	41.45	34.55
Research & Development	24.86	20.52	25.51	29.12	18.78
Other Operating Expenses	-1.7	4.09	3.8	5.23	4.17
Operating Expenses	84.03	76.47	68.28	76.53	56.74
Operating Income	48.48	68.86	149.81	233.67	135.21
Interest Expense	-	-0.49	-1.42	-1.93	-2.64
Interest & Investment Income	9.45	20.18	2.76	1.12	0.36
Currency Exchange Gain (Loss)	-	0.86	1.2	6.12	-0.61
Other Non Operating Income (Expenses)	-0.52	-0.59	-0.07	-0.45	-0.28
EBT Excluding Unusual Items	57.41	88.83	152.28	238.52	132.04
Gain (Loss) on Sale of Assets	0.11	0.35	-	-	-
Asset Writedown	-7.18	-0.15	-0.03	-1.64	-0.02
Other Unusual Items	-	3.94	3.09	4.04	0.77
Pretax Income	50.34	92.97	155.35	240.92	132.8
Income Tax Expense	7.45	14.35	13.77	32.03	17.26
Earnings From Continuing Operations	42.89	78.62	141.58	208.9	115.54
Minority Interest in Earnings	5.42	2.53	-	-	-
Net Income	48.31	81.15	141.58	208.9	115.54
Net Income to Common	48.31	81.15	141.58	208.9	115.54
Net Income Growth	-40.46%	-42.68%	-32.23%	80.81%	125.32%
Shares Outstanding (Basic)	124	123	93	92	92
Shares Outstanding (Diluted)	124	123	93	92	92
Shares Change (YoY)	0.76%	32.88%	0.30%	-0.19%	0.42%
EPS (Basic)	0.39	0.66	1.53	2.26	1.25
EPS (Diluted)	0.39	0.66	1.53	2.26	1.25
EPS Growth	-40.91%	-56.86%	-32.43%	81.14%	124.38%
Free Cash Flow	-90.15	42.18	85.49	96.63	47.17
Free Cash Flow Per Share	-0.73	0.34	0.92	1.05	0.51
Dividend Per Share	-	0.500	1.200	-	-
Dividend Growth	-	-58.33%	-	-	-
Gross Margin	27.92%	31.05%	34.61%	40.05%	37.90%
Operating Margin	10.22%	14.71%	23.77%	30.17%	26.70%
Profit Margin	10.18%	17.34%	22.46%	26.97%	22.81%
Free Cash Flow Margin	-19.00%	9.01%	13.56%	12.48%	9.31%
EBITDA	98.43	99.77	175.13	257.81	157.96
EBITDA Margin	20.74%	21.31%	27.79%	33.29%	31.19%
D&A For EBITDA	49.95	30.9	25.32	24.15	22.75
EBIT	48.48	68.86	149.81	233.67	135.21
EBIT Margin	10.22%	14.71%	23.77%	30.17%	26.70%
Effective Tax Rate	14.79%	15.43%	8.87%	13.29%	13.00%
Revenue as Reported	-	468.14	630.24	774.47	507.99
Advertising Expenses	-	2.33	1.01	0.01	0.09

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