SHE:002835 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,124	1,114	1,128	1,061	944.22	971.14
Other Revenue	-	-	33.97	24.83	26.46	32.62
Revenue	1,124	1,114	1,162	1,085	970.68	1,004
Revenue Growth (YoY)	-2.75%	-4.10%	7.04%	11.82%	-3.29%	27.32%
Cost of Revenue	652.29	636.14	671.52	659.03	632.62	707.16
Gross Profit	471.79	478.06	490.32	426.39	338.06	296.6
Selling, General & Admin	112.14	110.92	103.51	92.62	72.98	65.95
Research & Development	224.02	218.13	198.01	181.77	172.38	143.76
Other Operating Expenses	4.17	0.93	7.77	9.59	8.35	9.07
Operating Expenses	340.34	329.98	309.2	284.89	254.8	221.99
Operating Income	131.45	148.08	181.12	141.5	83.26	74.61
Interest Expense	-	-	-1.01	-2.64	-3.41	-3.21
Interest & Investment Income	7.99	9.83	9.33	5.53	1.18	12.27
Currency Exchange Gain (Loss)	-	-	8.2	3.17	27.73	-8.38
Other Non Operating Income (Expenses)	-17.63	-10.14	-0.92	-0.76	-0.47	-0.72
EBT Excluding Unusual Items	121.81	147.76	196.71	146.81	108.3	74.57
Gain (Loss) on Sale of Investments	-1.14	0.52	-1.33	-0.98	-4.04	-
Gain (Loss) on Sale of Assets	-0.02	-0.02	-0.02	-0.07	-0.01	1.25
Asset Writedown	-4.77	-7.85	-0.39	-0.05	-0.02	-0.01
Other Unusual Items	-	-	4.3	4.62	6.34	13.87
Pretax Income	115.88	140.42	199.26	150.32	110.55	89.68
Income Tax Expense	0.83	1.07	-1.2	-0.27	1.03	-0.64
Net Income	115.05	139.35	200.47	150.59	109.52	90.32
Net Income to Common	115.05	139.35	200.47	150.59	109.52	90.32
Net Income Growth	-45.03%	-30.48%	33.12%	37.51%	21.26%	27.83%
Shares Outstanding (Basic)	217	218	218	218	219	215
Shares Outstanding (Diluted)	217	218	218	218	219	220
Shares Change (YoY)	-0.23%	-0.07%	-0.16%	-0.36%	-0.56%	2.89%
EPS (Basic)	0.53	0.64	0.92	0.69	0.50	0.42
EPS (Diluted)	0.53	0.64	0.92	0.69	0.50	0.41
EPS Growth	-44.91%	-30.44%	33.33%	38.00%	21.95%	24.24%
Free Cash Flow	-59	40.58	196.57	240.39	141.21	-55.91
Free Cash Flow Per Share	-0.27	0.19	0.90	1.10	0.65	-0.25
Dividend Per Share	-	-	0.320	0.210	0.150	0.120
Dividend Growth	-	-	52.38%	40.00%	25.00%	20.00%
Gross Margin	41.97%	42.91%	42.20%	39.28%	34.83%	29.55%
Operating Margin	11.69%	13.29%	15.59%	13.04%	8.58%	7.43%
Profit Margin	10.23%	12.51%	17.25%	13.87%	11.28%	9.00%
Free Cash Flow Margin	-5.25%	3.64%	16.92%	22.15%	14.55%	-5.57%
EBITDA	161.18	176.78	205.74	170.32	110.62	100.6
EBITDA Margin	14.34%	15.87%	17.71%	15.69%	11.40%	10.02%
D&A For EBITDA	29.73	28.71	24.63	28.82	27.36	26
EBIT	131.45	148.08	181.12	141.5	83.26	74.61
EBIT Margin	11.69%	13.29%	15.59%	13.04%	8.58%	7.43%
Effective Tax Rate	0.72%	0.76%	-	-	0.94%	-
Revenue as Reported	-	-	1,162	1,085	970.68	1,004

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