SHE:002933 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	413.54	461.38	416.22	190.36	245.53
Other Revenue	-	0.19	0.27	0.41	0.52
Revenue	413.54	461.58	416.49	190.77	246.05
Revenue Growth (YoY)	-10.41%	10.82%	118.33%	-22.47%	-23.11%
Cost of Revenue	266.65	369.63	293.61	164.33	184.02
Gross Profit	146.89	91.95	122.88	26.43	62.03
Selling, General & Admin	53.79	60.88	72.94	82.29	61.17
Research & Development	24.52	24.05	29.9	29.07	40.67
Other Operating Expenses	2.55	3.12	1.69	-0.28	0.75
Operating Expenses	80.86	95.04	128.77	108.53	98.38
Operating Income	66.03	-3.09	-5.89	-82.1	-36.35
Interest Expense	-	-10.41	-10.67	-4.36	-4.71
Interest & Investment Income	12.51	25.27	24.45	21.16	20.33
Other Non Operating Income (Expenses)	-18.98	-0.37	-0.75	0.44	-0.3
EBT Excluding Unusual Items	59.56	11.4	7.14	-64.86	-21.04
Gain (Loss) on Sale of Investments	22.43	8.97	0.05	-	-
Gain (Loss) on Sale of Assets	0.03	0.35	0.29	0.06	-
Asset Writedown	-26.51	-0.07	-1.95	-1.48	-0.07
Other Unusual Items	-	5.34	15.66	-2.26	18.27
Pretax Income	55.51	25.99	21.19	-68.54	-2.84
Income Tax Expense	14.07	10.57	8.77	-8.13	0.45
Earnings From Continuing Operations	41.44	15.41	12.42	-60.41	-3.28
Minority Interest in Earnings	-1.97	3.49	1.83	2.77	1.44
Net Income	39.47	18.9	14.25	-57.65	-1.84
Net Income to Common	39.47	18.9	14.25	-57.65	-1.84
Net Income Growth	108.88%	32.62%	-	-	-
Shares Outstanding (Basic)	116	118	119	113	92
Shares Outstanding (Diluted)	116	118	119	113	92
Shares Change (YoY)	-1.70%	-0.54%	5.07%	22.71%	-21.32%
EPS (Basic)	0.34	0.16	0.12	-0.51	-0.02
EPS (Diluted)	0.34	0.16	0.12	-0.51	-0.02
EPS Growth	112.50%	33.33%	-	-	-
Free Cash Flow	-47.74	-77.26	129.28	-32.86	93.4
Free Cash Flow Per Share	-0.41	-0.65	1.09	-0.29	1.01
Dividend Per Share	-	0.020	0.025	-	-
Dividend Growth	-	-20.00%	-	-	-
Gross Margin	35.52%	19.92%	29.50%	13.86%	25.21%
Operating Margin	15.97%	-0.67%	-1.41%	-43.04%	-14.77%
Profit Margin	9.55%	4.09%	3.42%	-30.22%	-0.75%
Free Cash Flow Margin	-11.54%	-16.74%	31.04%	-17.22%	37.96%
EBITDA	81.75	11.45	7.78	-69.23	-26.02
EBITDA Margin	19.77%	2.48%	1.87%	-36.29%	-10.57%
D&A For EBITDA	15.72	14.54	13.67	12.87	10.34
EBIT	66.03	-3.09	-5.89	-82.1	-36.35
EBIT Margin	15.97%	-0.67%	-1.41%	-43.04%	-14.77%
Effective Tax Rate	25.35%	40.69%	41.39%	-	-
Revenue as Reported	-	461.58	416.49	-	246.05

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.