SHE:001380 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	1,981	1,847	1,233	879.33	706.97
Other Revenue	10.95	13.3	10.45	10.89	10.8
Revenue	1,992	1,860	1,243	890.23	717.78
Revenue Growth (YoY)	7.08%	49.66%	39.63%	24.03%	35.76%
Cost of Revenue	1,476	1,397	915.53	682.52	566.68
Gross Profit	516.49	463.9	327.52	207.71	151.1
Selling, General & Admin	127.72	107.82	73.08	51.26	46.37
Research & Development	107.55	89.68	61.67	40.74	31.6
Other Operating Expenses	6.19	-3.18	-0.69	5.05	5.23
Operating Expenses	232.2	222.51	154.38	98.95	85.15
Operating Income	284.29	241.39	173.14	108.75	65.95
Interest Expense	-1.61	-3.09	-4.25	-1.78	-4
Interest & Investment Income	7.41	13.34	6.93	0.49	0.18
Currency Exchange Gain (Loss)	-1.56	0.93	1.88	7.54	3.58
Other Non Operating Income (Expenses)	-1.17	-1.64	-1.07	-0.38	-0.42
EBT Excluding Unusual Items	287.36	250.94	176.63	114.63	65.28
Gain (Loss) on Sale of Investments	0.14	1.52	1.55	-1.88	-0.5
Gain (Loss) on Sale of Assets	4.15	0.47	-0.01	-0.07	0.24
Asset Writedown	-0.06	-	-0.49	-	-
Other Unusual Items	19.91	8.14	9.05	9.46	4.18
Pretax Income	311.5	261.07	186.73	122.13	69.2
Income Tax Expense	32.58	27.02	19.26	9.8	5.88
Earnings From Continuing Operations	278.92	234.05	167.47	112.33	63.32
Minority Interest in Earnings	-3.84	-7.63	-3.4	0.36	-1.42
Net Income	275.08	226.42	164.07	112.69	61.9
Net Income to Common	275.08	226.42	164.07	112.69	61.9
Net Income Growth	21.49%	38.00%	45.59%	82.07%	-15.15%
Shares Outstanding (Basic)	270	270	243	202	203
Shares Outstanding (Diluted)	270	270	243	202	203
Shares Change (YoY)	0.05%	11.01%	19.95%	-0.35%	-
EPS (Basic)	1.02	0.84	0.68	0.56	0.30
EPS (Diluted)	1.02	0.84	0.68	0.56	0.30
EPS Growth	21.43%	24.32%	21.38%	82.82%	-14.68%
Free Cash Flow	168.06	-379.18	-183.77	38.76	13.78
Free Cash Flow Per Share	0.62	-1.41	-0.76	0.19	0.07
Dividend Per Share	0.100	0.300	0.271	-	0.095
Dividend Growth	-66.67%	10.62%	-	-	-
Gross Margin	25.93%	24.94%	26.35%	23.33%	21.05%
Operating Margin	14.27%	12.97%	13.93%	12.22%	9.19%
Profit Margin	13.81%	12.17%	13.20%	12.66%	8.62%
Free Cash Flow Margin	8.44%	-20.38%	-14.78%	4.35%	1.92%
EBITDA	349.04	291.95	208.3	139.8	94.59
EBITDA Margin	17.52%	15.69%	16.76%	15.70%	13.18%
D&A For EBITDA	64.75	50.56	35.16	31.05	28.65
EBIT	284.29	241.39	173.14	108.75	65.95
EBIT Margin	14.27%	12.97%	13.93%	12.22%	9.19%
Effective Tax Rate	10.46%	10.35%	10.32%	8.02%	8.50%
Revenue as Reported	1,992	1,860	1,243	890.23	717.78

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