SHE:001367 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	531.67	470.54	396.28	421.14	386.79
Other Revenue	0.59	0.97	1.17	1.64	2.19
Revenue	532.26	471.51	397.45	422.78	388.98
Revenue Growth (YoY)	12.88%	18.63%	-5.99%	8.69%	36.58%
Cost of Revenue	291.24	281.91	237.4	266.52	236.12
Gross Profit	241.02	189.6	160.05	156.26	152.87
Selling, General & Admin	52.24	40.65	35.72	32.25	32.94
Research & Development	38.86	27.78	18.84	15.77	12.07
Other Operating Expenses	4.58	4.36	4.16	2.13	3.11
Operating Expenses	98.41	72.88	59.15	51.24	47.85
Operating Income	142.61	116.72	100.9	105.02	105.02
Interest Expense	-0.35	-0.37	-0.03	-0.07	-0.1
Interest & Investment Income	10.7	18.41	15.62	3.55	2.25
Currency Exchange Gain (Loss)	-0.05	3.32	0.87	8.37	-2.17
Other Non Operating Income (Expenses)	-0.28	-0.24	-0.19	0.05	-0.4
EBT Excluding Unusual Items	152.62	137.85	117.17	116.93	104.59
Gain (Loss) on Sale of Investments	1.7	-	-	-3.85	0.74
Gain (Loss) on Sale of Assets	-	-	-0.24	-	-
Asset Writedown	-0.4	-1.23	-0.96	-1.21	-0.67
Other Unusual Items	2.84	5.11	4.71	11.91	3.86
Pretax Income	156.76	141.79	120.68	123.78	108.52
Income Tax Expense	20.88	19.23	16.01	16.19	14.52
Net Income	135.88	122.56	104.67	107.59	94
Net Income to Common	135.88	122.56	104.67	107.59	94
Net Income Growth	10.87%	17.09%	-2.72%	14.46%	49.62%
Shares Outstanding (Basic)	149	149	137	112	112
Shares Outstanding (Diluted)	153	149	137	112	112
Shares Change (YoY)	2.15%	9.03%	22.74%	-0.02%	-
EPS (Basic)	0.91	0.82	0.76	0.96	0.84
EPS (Diluted)	0.89	0.82	0.76	0.96	0.84
EPS Growth	8.54%	7.40%	-20.74%	14.68%	49.60%
Free Cash Flow	25.19	102.41	23.17	54.76	73.72
Free Cash Flow Per Share	0.17	0.69	0.17	0.49	0.66
Dividend Per Share	0.116	0.170	0.228	-	-
Dividend Growth	-31.77%	-25.50%	-	-	-
Gross Margin	45.28%	40.21%	40.27%	36.96%	39.30%
Operating Margin	26.79%	24.75%	25.39%	24.84%	27.00%
Profit Margin	25.53%	25.99%	26.33%	25.45%	24.16%
Free Cash Flow Margin	4.73%	21.72%	5.83%	12.95%	18.95%
EBITDA	164.28	132.04	113.52	118.59	117.37
EBITDA Margin	30.87%	28.00%	28.56%	28.05%	30.17%
D&A For EBITDA	21.68	15.32	12.62	13.56	12.35
EBIT	142.61	116.72	100.9	105.02	105.02
EBIT Margin	26.79%	24.75%	25.39%	24.84%	27.00%
Effective Tax Rate	13.32%	13.56%	13.26%	13.08%	13.38%
Revenue as Reported	532.26	471.51	397.45	422.78	388.98

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