SHE:002742 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	Jan '22 Jan 1, 2022
Operating Revenue	899.85	1,169	2,004	2,055	2,450
Other Revenue	-	26.22	25.85	22.13	38.69
Revenue	899.85	1,196	2,030	2,077	2,489
Revenue Growth (YoY)	-24.74%	-41.10%	-2.25%	-16.56%	-2.37%
Cost of Revenue	758.75	998.94	1,650	1,769	2,084
Gross Profit	141.1	196.78	380.04	307.68	405.41
Selling, General & Admin	211	241.23	271.58	242.93	286.29
Research & Development	17.88	20.87	17.37	14.88	27.5
Other Operating Expenses	11.35	17.08	14.9	17.11	19.57
Operating Expenses	240.23	327.47	349.32	309.49	450.81
Operating Income	-99.14	-130.69	30.72	-1.81	-45.39
Interest Expense	-	-204.97	-161.34	-157.58	-161.03
Interest & Investment Income	48.66	126.78	0.96	2	8.32
Currency Exchange Gain (Loss)	-	4.29	0	1.66	-9.04
Other Non Operating Income (Expenses)	-227.39	-3.09	-7.88	-14.68	-6.15
EBT Excluding Unusual Items	-277.86	-207.67	-137.53	-170.42	-213.29
Impairment of Goodwill	-	-181.77	-	-	-
Gain (Loss) on Sale of Assets	-0.14	21.07	0.81	21.01	14.81
Asset Writedown	-158.7	-205.1	-143.51	-64.53	-124.39
Other Unusual Items	-	-55.47	-47.72	-26.39	-19.69
Pretax Income	-436.7	-628.95	-327.94	-240.33	-342.55
Income Tax Expense	22.08	20.8	81.37	51.26	18.28
Earnings From Continuing Operations	-458.79	-649.75	-409.31	-291.59	-360.84
Minority Interest in Earnings	39.11	-0.38	-42.73	-26.29	27.4
Net Income	-419.68	-650.13	-452.05	-317.88	-333.44
Net Income to Common	-419.68	-650.13	-452.05	-317.88	-333.44
Shares Outstanding (Basic)	688	433	431	430	432
Shares Outstanding (Diluted)	688	433	431	430	432
Shares Change (YoY)	58.74%	0.67%	0.22%	-0.57%	0.01%
EPS (Basic)	-0.61	-1.50	-1.05	-0.74	-0.77
EPS (Diluted)	-0.61	-1.50	-1.05	-0.74	-0.77
Free Cash Flow	-35.29	-105.43	-98.07	4.87	41.03
Free Cash Flow Per Share	-0.05	-0.24	-0.23	0.01	0.10
Gross Margin	15.68%	16.46%	18.72%	14.81%	16.29%
Operating Margin	-11.02%	-10.93%	1.51%	-0.09%	-1.82%
Profit Margin	-46.64%	-54.37%	-22.27%	-15.30%	-13.40%
Free Cash Flow Margin	-3.92%	-8.82%	-4.83%	0.24%	1.65%
EBITDA	-6.22	-16.88	157.21	130.33	103.84
EBITDA Margin	-0.69%	-1.41%	7.74%	6.28%	4.17%
D&A For EBITDA	92.91	113.81	126.49	132.15	149.23
EBIT	-99.14	-130.69	30.72	-1.81	-45.39
EBIT Margin	-11.02%	-10.93%	1.51%	-0.09%	-1.82%
Revenue as Reported	-	1,196	2,030	2,077	2,489

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