SHE:002119 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	2,182	1,951	1,765	1,690	2,179
Other Revenue	17.11	13.57	14.43	12.52	15.98
Revenue	2,199	1,965	1,780	1,703	2,195
Revenue Growth (YoY)	11.96%	10.38%	4.53%	-22.41%	41.71%
Cost of Revenue	1,896	1,745	1,563	1,445	1,783
Gross Profit	303.37	219.41	216.88	257.6	411.74
Selling, General & Admin	101.16	90.39	87.6	83.36	90.74
Research & Development	88.47	80.03	72.95	73.57	80.35
Other Operating Expenses	-33.5	-27.71	-21.17	3.01	9.38
Operating Expenses	167.42	149.63	145.27	154.6	185.97
Operating Income	135.95	69.78	71.61	103	225.78
Interest Expense	-17.58	-17.21	-18.75	-21.61	-28.88
Interest & Investment Income	39.34	19.94	17.61	2.4	0.74
Currency Exchange Gain (Loss)	-4.01	3.3	2.31	14.13	-3.5
Other Non Operating Income (Expenses)	-2.81	-0.69	-0.4	-0.41	-0.52
EBT Excluding Unusual Items	150.89	75.11	72.37	97.52	193.62
Gain (Loss) on Sale of Investments	8.72	0.55	-1.66	4.52	-1.82
Gain (Loss) on Sale of Assets	2.49	0.33	1.7	2.62	-3.05
Asset Writedown	-44.46	-0.57	-0.2	-0.28	-1.68
Other Unusual Items	6.43	8.11	8.78	4.43	13.65
Pretax Income	124.07	83.53	80.99	108.81	200.72
Income Tax Expense	7.6	0.34	0.42	6.83	19.49
Earnings From Continuing Operations	116.47	83.19	80.58	101.98	181.24
Net Income	116.47	83.19	80.58	101.98	181.24
Net Income to Common	116.47	83.19	80.58	101.98	181.24
Net Income Growth	40.01%	3.24%	-20.99%	-43.73%	106.11%
Shares Outstanding (Basic)	376	378	384	378	378
Shares Outstanding (Diluted)	376	378	384	378	378
Shares Change (YoY)	-0.64%	-1.45%	1.59%	0.03%	-1.24%
EPS (Basic)	0.31	0.22	0.21	0.27	0.48
EPS (Diluted)	0.31	0.22	0.21	0.27	0.48
EPS Growth	40.91%	4.76%	-22.22%	-43.75%	108.70%
Free Cash Flow	24.39	27.64	-21.24	272.92	77.32
Free Cash Flow Per Share	0.07	0.07	-0.06	0.72	0.20
Dividend Per Share	0.040	0.030	0.030	0.030	0.050
Dividend Growth	33.33%	-	-	-40.00%	92.31%
Gross Margin	13.79%	11.17%	12.19%	15.13%	18.76%
Operating Margin	6.18%	3.55%	4.02%	6.05%	10.29%
Profit Margin	5.29%	4.23%	4.53%	5.99%	8.26%
Free Cash Flow Margin	1.11%	1.41%	-1.19%	16.03%	3.52%
EBITDA	227.36	159.99	160.18	187.21	304.59
EBITDA Margin	10.34%	8.14%	9.00%	10.99%	13.88%
D&A For EBITDA	91.4	90.21	88.57	84.21	78.81
EBIT	135.95	69.78	71.61	103	225.78
EBIT Margin	6.18%	3.55%	4.02%	6.05%	10.29%
Effective Tax Rate	6.13%	0.40%	0.52%	6.28%	9.71%
Revenue as Reported	2,199	1,965	1,780	1,703	2,195

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