SHE:002890 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	299.65	314.71	355.54	390.95	400.76
Other Revenue	-	7.1	8.68	6.63	9.43
Revenue	299.65	321.81	364.23	397.57	410.2
Revenue Growth (YoY)	-6.89%	-11.65%	-8.39%	-3.08%	0.97%
Cost of Revenue	249.22	269.81	307.31	335.49	342
Gross Profit	50.43	52	56.92	62.08	68.2
Selling, General & Admin	25.73	24.66	25.05	27.7	27.49
Research & Development	13.89	13.31	12.19	13.28	13.75
Other Operating Expenses	1.17	0.78	1.41	3.49	2.77
Operating Expenses	40.8	38.37	38.47	44.74	44.62
Operating Income	9.64	13.63	18.45	17.34	23.58
Interest & Investment Income	0.14	0.14	0.32	0.8	0.58
Currency Exchange Gain (Loss)	-	0.03	0.17	-0.04	-0
Other Non Operating Income (Expenses)	-0.74	-0.03	-0.03	-0.05	-0.07
EBT Excluding Unusual Items	9.03	13.76	18.91	18.05	24.08
Gain (Loss) on Sale of Investments	3.2	3.4	4.08	3.4	2.4
Gain (Loss) on Sale of Assets	0.01	0.02	-0.04	-0.03	-
Asset Writedown	-2.31	-0.04	-0.07	-0.11	-0.16
Other Unusual Items	-	0.65	0.79	1.47	0.55
Pretax Income	9.93	17.79	23.67	22.78	26.86
Income Tax Expense	-0.42	0.93	2.13	0.17	2.11
Net Income	10.35	16.87	21.54	22.61	24.74
Net Income to Common	10.35	16.87	21.54	22.61	24.74
Net Income Growth	-38.64%	-21.69%	-4.74%	-8.62%	5.66%
Shares Outstanding (Basic)	170	170	170	170	170
Shares Outstanding (Diluted)	170	170	170	170	170
Shares Change (YoY)	0.06%	-0.01%	-0.00%	0.03%	-0.36%
EPS (Basic)	0.06	0.10	0.13	0.13	0.15
EPS (Diluted)	0.06	0.10	0.13	0.13	0.15
EPS Growth	-38.67%	-21.69%	-4.73%	-8.65%	6.04%
Free Cash Flow	-55.81	15.78	-15.04	36.64	0.74
Free Cash Flow Per Share	-0.33	0.09	-0.09	0.22	0.00
Dividend Per Share	-	0.026	0.077	0.077	0.055
Dividend Growth	-	-66.19%	-	40.07%	-
Gross Margin	16.83%	16.16%	15.63%	15.62%	16.63%
Operating Margin	3.22%	4.24%	5.07%	4.36%	5.75%
Profit Margin	3.45%	5.24%	5.91%	5.69%	6.03%
Free Cash Flow Margin	-18.63%	4.90%	-4.13%	9.22%	0.18%
EBITDA	28.6	31.39	34.61	32.91	40.91
EBITDA Margin	9.54%	9.75%	9.50%	8.28%	9.97%
D&A For EBITDA	18.96	17.76	16.17	15.56	17.33
EBIT	9.64	13.63	18.45	17.34	23.58
EBIT Margin	3.22%	4.24%	5.07%	4.36%	5.75%
Effective Tax Rate	-	5.21%	9.00%	0.73%	7.87%
Revenue as Reported	-	321.81	364.23	397.57	410.2

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