SHE:002728 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	923.81	686.91	1,066	886.15	757.93
Other Revenue	0.72	0.88	0.74	0.43	0.23
Revenue	924.53	687.79	1,067	886.57	758.16
Revenue Growth (YoY)	34.42%	-35.55%	20.38%	16.94%	19.83%
Cost of Revenue	421.17	386.47	467.98	451.83	356.12
Gross Profit	503.36	301.32	599.23	434.74	402.04
Selling, General & Admin	371.5	225.54	240.67	176.38	175.95
Research & Development	44.41	43.33	43.06	38.01	37.78
Other Operating Expenses	7.91	2.05	9.38	1.75	9.27
Operating Expenses	422.54	270.89	293.19	216.74	224.72
Operating Income	80.82	30.43	306.04	217.99	177.33
Interest Expense	-4.23	-5.32	-16.36	-29.13	-29.51
Interest & Investment Income	3.57	10.34	12.34	8.55	12.14
Other Non Operating Income (Expenses)	0.37	-0.45	-0.4	-1.44	-0.42
EBT Excluding Unusual Items	80.53	34.99	301.61	195.97	159.53
Impairment of Goodwill	-	-11.63	-13.17	-	-23.06
Gain (Loss) on Sale of Assets	-0.07	0.01	0.12	0.04	0.1
Asset Writedown	-0.82	-0.16	-0.27	-0.12	-0.37
Other Unusual Items	2.64	-1.16	4.7	0.43	10.91
Pretax Income	82.28	22.05	292.99	196.32	147.1
Income Tax Expense	0.61	1.56	39.82	18.12	20.18
Net Income	81.67	20.5	253.18	178.2	126.92
Net Income to Common	81.67	20.5	253.18	178.2	126.92
Net Income Growth	298.50%	-91.91%	42.07%	40.41%	189.66%
Shares Outstanding (Basic)	510	512	460	438	401
Shares Outstanding (Diluted)	510	512	460	438	401
Shares Change (YoY)	-0.38%	11.31%	5.16%	9.09%	2.75%
EPS (Basic)	0.16	0.04	0.55	0.41	0.32
EPS (Diluted)	0.16	0.04	0.55	0.41	0.32
EPS Growth	300.00%	-92.73%	35.10%	28.71%	181.91%
Free Cash Flow	164.54	-136.11	112.51	281.39	147.24
Free Cash Flow Per Share	0.32	-0.27	0.24	0.64	0.37
Dividend Per Share	0.150	0.050	0.357	0.332	0.332
Dividend Growth	200.00%	-86.00%	7.69%	-	-
Gross Margin	54.45%	43.81%	56.15%	49.04%	53.03%
Operating Margin	8.74%	4.42%	28.68%	24.59%	23.39%
Profit Margin	8.83%	2.98%	23.72%	20.10%	16.74%
Free Cash Flow Margin	17.80%	-19.79%	10.54%	31.74%	19.42%
EBITDA	150.64	94.79	366.14	270.52	228.63
EBITDA Margin	16.29%	13.78%	34.31%	30.51%	30.16%
D&A For EBITDA	69.82	64.37	60.1	52.52	51.31
EBIT	80.82	30.43	306.04	217.99	177.33
EBIT Margin	8.74%	4.42%	28.68%	24.59%	23.39%
Effective Tax Rate	0.74%	7.06%	13.59%	9.23%	13.72%
Revenue as Reported	924.53	687.79	1,067	886.57	758.16

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