SHE:002879 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	1,436	1,236	1,019	980.42	1,055
Other Revenue	4.14	5.58	23.05	8.5	2.66
Revenue	1,440	1,242	1,042	988.91	1,058
Revenue Growth (YoY)	15.96%	19.18%	5.39%	-6.51%	12.46%
Cost of Revenue	998.78	791.66	592.6	552.74	540.37
Gross Profit	441.59	450.41	449.58	436.17	517.4
Selling, General & Admin	193.15	271.23	288	337.22	300.18
Research & Development	71.97	92.85	86.4	76.09	76.69
Other Operating Expenses	4.52	0.98	7.32	11.47	11.11
Operating Expenses	266.56	368.77	388.07	439.21	391.33
Operating Income	175.02	81.64	61.5	-3.04	126.07
Interest Expense	-5.84	-1.66	-0.23	-0.26	-0.08
Interest & Investment Income	2.71	4.96	7.78	10.22	14.15
Currency Exchange Gain (Loss)	0.07	0.33	-	-	-
Other Non Operating Income (Expenses)	-1.16	-0.34	-0.29	-0.39	-1.11
EBT Excluding Unusual Items	170.81	84.94	68.77	6.54	139.03
Gain (Loss) on Sale of Investments	-0.95	-0.45	-	-	-
Gain (Loss) on Sale of Assets	0.49	2.21	0.11	-0.04	0.13
Asset Writedown	0.03	-0.19	-1.07	-0.02	-0.24
Other Unusual Items	3.73	3.3	6.39	15.81	13.39
Pretax Income	174.12	89.82	74.19	22.29	152.31
Income Tax Expense	23.92	7.48	2.06	-7.42	11.93
Earnings From Continuing Operations	150.2	82.35	72.13	29.71	140.38
Minority Interest in Earnings	-16.43	-7.66	-	-	-
Net Income	133.76	74.68	72.13	29.71	140.38
Net Income to Common	133.76	74.68	72.13	29.71	140.38
Net Income Growth	79.11%	3.53%	142.79%	-78.84%	-13.13%
Shares Outstanding (Basic)	171	182	190	198	180
Shares Outstanding (Diluted)	171	182	190	198	180
Shares Change (YoY)	-5.85%	-4.04%	-4.16%	10.05%	0.24%
EPS (Basic)	0.78	0.41	0.38	0.15	0.78
EPS (Diluted)	0.78	0.41	0.38	0.15	0.78
EPS Growth	90.24%	7.90%	153.33%	-80.77%	-13.33%
Free Cash Flow	69.29	52.5	74.42	-150.41	23.95
Free Cash Flow Per Share	0.40	0.29	0.39	-0.76	0.13
Dividend Per Share	0.500	0.200	0.250	0.150	0.220
Dividend Growth	150.00%	-20.00%	66.67%	-31.82%	-4.35%
Gross Margin	30.66%	36.26%	43.14%	44.11%	48.91%
Operating Margin	12.15%	6.57%	5.90%	-0.31%	11.92%
Profit Margin	9.29%	6.01%	6.92%	3.00%	13.27%
Free Cash Flow Margin	4.81%	4.23%	7.14%	-15.21%	2.26%
EBITDA	245.4	144.05	99.8	30.13	156.4
EBITDA Margin	17.04%	11.60%	9.58%	3.05%	14.79%
D&A For EBITDA	70.38	62.41	38.29	33.16	30.33
EBIT	175.02	81.64	61.5	-3.04	126.07
EBIT Margin	12.15%	6.57%	5.90%	-0.31%	11.92%
Effective Tax Rate	13.74%	8.32%	2.78%	-	7.83%
Revenue as Reported	1,440	1,242	1,042	988.91	1,058

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