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

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