SHE:002907 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	788.12	815.21	764.14	680.84	774.72	837.23
Other Revenue	11.93	11.93	10.68	10.7	10.47	8.91
Revenue	800.05	827.14	774.82	691.54	785.18	846.14
Revenue Growth (YoY)	1.87%	6.75%	12.04%	-11.93%	-7.20%	-4.12%
Cost of Revenue	341.4	353.96	332.91	312.45	320.55	400.53
Gross Profit	458.64	473.18	441.91	379.1	464.63	445.61
Selling, General & Admin	309.39	317.2	308.36	263.88	292.53	297.82
Research & Development	96.94	89.76	59.13	78.12	58.82	41.72
Other Operating Expenses	12.15	13.22	12.11	11.01	12.34	11.58
Operating Expenses	418.68	420.38	381.01	351.31	367.04	350.65
Operating Income	39.97	52.8	60.9	27.78	97.59	94.95
Interest Expense	-0.14	-0.14	-	-0.95	-14.42	-18.22
Interest & Investment Income	15.88	14.79	10.32	9.81	11.5	16.4
Currency Exchange Gain (Loss)	0.02	0.02	0	-0	-	-
Other Non Operating Income (Expenses)	-1.24	-0.3	0.27	-0.17	-0.03	-0.03
EBT Excluding Unusual Items	54.48	67.17	71.49	36.48	94.64	93.11
Gain (Loss) on Sale of Investments	2.33	1.42	1.38	-4.67	-2.61	-1.33
Gain (Loss) on Sale of Assets	10.25	10.25	-	0.06	-	-0.01
Asset Writedown	-0.36	-0.44	-0.03	-2.37	-0.17	-
Other Unusual Items	-0.94	-0.94	20.6	13.3	16.37	11.65
Pretax Income	65.76	77.46	93.44	42.8	108.24	103.42
Income Tax Expense	21.99	22.25	16.71	10.1	9.84	11.64
Earnings From Continuing Operations	43.76	55.21	76.73	32.7	98.4	91.78
Minority Interest in Earnings	13.76	9.88	-	-	-	-
Net Income	57.52	65.09	76.73	32.7	98.4	91.78
Net Income to Common	57.52	65.09	76.73	32.7	98.4	91.78
Net Income Growth	-25.04%	-15.17%	134.66%	-66.77%	7.21%	-22.99%
Shares Outstanding (Basic)	417	417	418	418	403	401
Shares Outstanding (Diluted)	417	417	418	418	403	401
Shares Change (YoY)	-0.05%	-0.05%	0.02%	3.60%	0.49%	0.06%
EPS (Basic)	0.14	0.16	0.18	0.08	0.24	0.23
EPS (Diluted)	0.14	0.16	0.18	0.08	0.24	0.23
EPS Growth	-25.00%	-15.13%	134.61%	-67.92%	6.69%	-23.04%
Free Cash Flow	45.7	47.68	145.62	126.52	-47.57	26.21
Free Cash Flow Per Share	0.11	0.11	0.35	0.30	-0.12	0.07
Dividend Per Share	0.075	0.075	0.085	0.050	0.070	0.050
Dividend Growth	-11.77%	-11.77%	70.00%	-28.57%	40.00%	78.57%
Gross Margin	57.33%	57.21%	57.03%	54.82%	59.17%	52.66%
Operating Margin	5.00%	6.38%	7.86%	4.02%	12.43%	11.22%
Profit Margin	7.19%	7.87%	9.90%	4.73%	12.53%	10.85%
Free Cash Flow Margin	5.71%	5.76%	18.79%	18.30%	-6.06%	3.10%
EBITDA	125.38	138.5	147.74	109.68	172.13	164.7
EBITDA Margin	15.67%	16.74%	19.07%	15.86%	21.92%	19.46%
D&A For EBITDA	85.41	85.7	86.84	81.9	74.54	69.74
EBIT	39.97	52.8	60.9	27.78	97.59	94.95
EBIT Margin	5.00%	6.38%	7.86%	4.02%	12.43%	11.22%
Effective Tax Rate	33.45%	28.72%	17.89%	23.59%	9.09%	11.25%
Revenue as Reported	827.14	827.14	774.82	691.54	785.18	846.14

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