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	1,107	1,098	1,128	1,061	944.22	971.14
Other Revenue	16.7	16.7	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	659.95	643.8	671.52	659.03	632.62	707.16
Gross Profit	464.13	470.4	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	11.32	7.67	7.77	9.59	8.35	9.07
Operating Expenses	348.17	337.71	309.2	284.89	254.8	221.99
Operating Income	115.96	132.68	181.12	141.5	83.26	74.61
Interest Expense	-0.4	-0.5	-1.01	-2.64	-3.41	-3.21
Interest & Investment Income	10.93	12.93	9.33	5.53	1.18	12.27
Currency Exchange Gain (Loss)	-11.4	-11.4	8.2	3.17	27.73	-8.38
Other Non Operating Income (Expenses)	-8.21	-0.46	-0.92	-0.76	-0.47	-0.72
EBT Excluding Unusual Items	106.88	133.25	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	3.02	-0.06	-0.39	-0.05	-0.02	-0.01
Other Unusual Items	7.13	6.7	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	0.280	0.280	0.320	0.210	0.150	0.120
Dividend Growth	-12.50%	-12.50%	52.38%	40.00%	25.00%	20.00%
Gross Margin	41.29%	42.22%	42.20%	39.28%	34.83%	29.55%
Operating Margin	10.32%	11.91%	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	143.07	159.66	207.55	170.32	110.62	100.6
EBITDA Margin	12.73%	14.33%	17.86%	15.69%	11.40%	10.02%
D&A For EBITDA	27.12	26.98	26.43	28.82	27.36	26
EBIT	115.96	132.68	181.12	141.5	83.26	74.61
EBIT Margin	10.32%	11.91%	15.59%	13.04%	8.58%	7.43%
Effective Tax Rate	0.72%	0.76%	-	-	0.94%	-
Revenue as Reported	1,124	1,114	1,162	1,085	970.68	1,004

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