SHE:002947 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	2,858	2,449	1,784	1,520	1,105
Other Revenue	-	37.18	34.32	27.73	25.61
Revenue	2,858	2,486	1,818	1,548	1,130
Revenue Growth (YoY)	14.94%	36.74%	17.48%	36.95%	75.59%
Cost of Revenue	1,944	1,735	1,282	1,109	844.26
Gross Profit	913.78	750.72	536.4	438.67	285.91
Selling, General & Admin	146.14	150.87	140.14	172.29	179.56
Research & Development	130.76	112.61	85.46	71.19	55.14
Other Operating Expenses	9.67	5.36	3.52	8.26	5.76
Operating Expenses	286.57	290	240.22	264.88	255.91
Operating Income	627.2	460.71	296.19	173.79	30
Interest Expense	-	-3.95	-4.62	-3.73	-0.86
Interest & Investment Income	13.61	38.95	24.39	22.41	20.38
Currency Exchange Gain (Loss)	-	26.14	0.67	30.97	-9.07
Other Non Operating Income (Expenses)	-7.75	-0.29	-0.25	-0.14	-0.24
EBT Excluding Unusual Items	633.07	521.56	316.38	223.29	40.21
Impairment of Goodwill	-	-	-	-0.45	-
Gain (Loss) on Sale of Investments	1.8	0.78	0.01	-0.02	-
Gain (Loss) on Sale of Assets	-0.06	-0.03	4.29	6.1	0.46
Asset Writedown	-24.71	-0	-3.61	-1.93	0.05
Other Unusual Items	-	0.95	2.8	2.66	2.61
Pretax Income	610.1	523.26	319.88	229.66	43.34
Income Tax Expense	76.49	67.46	38.25	36.67	13.51
Earnings From Continuing Operations	533.61	455.8	281.63	192.99	29.83
Minority Interest in Earnings	-1.69	1.05	-0.24	0.41	1.44
Net Income	531.92	456.85	281.39	193.4	31.26
Net Income to Common	531.92	456.85	281.39	193.4	31.26
Net Income Growth	16.43%	62.36%	45.50%	518.60%	-70.23%
Shares Outstanding (Basic)	256	239	229	230	223
Shares Outstanding (Diluted)	256	239	229	230	223
Shares Change (YoY)	6.92%	4.55%	-0.64%	3.10%	7.94%
EPS (Basic)	2.08	1.91	1.23	0.84	0.14
EPS (Diluted)	2.08	1.91	1.23	0.84	0.14
EPS Growth	8.90%	55.28%	46.43%	500.00%	-72.42%
Free Cash Flow	614.47	174.09	50.72	-9.69	-225.89
Free Cash Flow Per Share	2.40	0.73	0.22	-0.04	-1.01
Dividend Per Share	-	0.600	0.500	0.300	0.154
Dividend Growth	-	20.00%	66.67%	95.06%	-13.35%
Gross Margin	31.98%	30.20%	29.50%	28.34%	25.30%
Operating Margin	21.95%	18.53%	16.29%	11.23%	2.66%
Profit Margin	18.61%	18.38%	15.48%	12.50%	2.77%
Free Cash Flow Margin	21.50%	7.00%	2.79%	-0.63%	-19.99%
EBITDA	688.72	512.05	335.08	205.7	54.67
EBITDA Margin	24.10%	20.60%	18.43%	13.29%	4.84%
D&A For EBITDA	61.51	51.34	38.89	31.91	24.67
EBIT	627.2	460.71	296.19	173.79	30
EBIT Margin	21.95%	18.53%	16.29%	11.23%	2.66%
Effective Tax Rate	12.54%	12.89%	11.96%	15.97%	31.17%
Revenue as Reported	-	2,486	1,818	1,548	1,130

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