SHE:002962 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	Dec '21 Dec 31, 2021
Operating Revenue	1,219	1,178	1,075	834.38	1,022	782.54
Other Revenue	-	-	9.01	6.73	7.34	5.47
Revenue	1,219	1,178	1,084	841.11	1,029	788.01
Revenue Growth (YoY)	11.82%	8.67%	28.88%	-18.29%	30.64%	33.89%
Cost of Revenue	1,082	1,043	922.31	723.71	872.89	621.2
Gross Profit	136.64	134.88	161.69	117.39	156.53	166.81
Selling, General & Admin	65.29	61.35	55.3	44.26	61.74	71.29
Research & Development	57.39	60.15	73.9	46.15	47.56	39.91
Other Operating Expenses	-3.8	-6.81	4.83	2.26	7.41	-14.53
Operating Expenses	118.88	114.69	133.49	93.1	112.95	95.01
Operating Income	17.77	20.19	28.2	24.29	43.57	71.8
Interest Expense	-	-	-1.18	-0.22	-0.14	-1.2
Interest & Investment Income	0.74	0.74	31.57	37.45	37.37	29.34
Currency Exchange Gain (Loss)	-	-	-0.59	-1.55	2.24	-4.43
Other Non Operating Income (Expenses)	14.62	18.31	-0.07	-0.07	-0.07	-1.81
EBT Excluding Unusual Items	33.13	39.24	57.92	59.91	82.97	93.7
Gain (Loss) on Sale of Investments	5.22	5.2	-0.63	-1.18	-0.46	-0.35
Gain (Loss) on Sale of Assets	-0.23	-0.23	0.73	0.51	-0.09	0.78
Asset Writedown	-5.7	-4.57	-0.2	-0.15	-0.01	-0.19
Other Unusual Items	-	-	7.62	12.77	18.5	-
Pretax Income	32.42	39.64	65.44	71.85	100.92	93.94
Income Tax Expense	3.16	3.24	4.69	3.67	9.84	10.75
Earnings From Continuing Operations	29.26	36.4	60.75	68.18	91.08	83.2
Minority Interest in Earnings	0.83	0.73	4.37	-0.38	-2.23	1.38
Net Income	30.09	37.13	65.12	67.79	88.86	84.58
Net Income to Common	30.09	37.13	65.12	67.79	88.86	84.58
Net Income Growth	-45.12%	-42.98%	-3.94%	-23.71%	5.06%	-39.10%
Shares Outstanding (Basic)	317	286	296	295	296	292
Shares Outstanding (Diluted)	317	286	296	295	296	292
Shares Change (YoY)	9.84%	-3.51%	0.43%	-0.48%	1.55%	-0.25%
EPS (Basic)	0.09	0.13	0.22	0.23	0.30	0.29
EPS (Diluted)	0.09	0.13	0.22	0.23	0.30	0.29
EPS Growth	-50.04%	-40.91%	-4.35%	-23.33%	3.45%	-38.95%
Free Cash Flow	7.52	-13.42	2.84	65.4	188.25	-5.44
Free Cash Flow Per Share	0.02	-0.05	0.01	0.22	0.64	-0.02
Dividend Per Share	-	-	0.200	0.200	0.200	0.200
Dividend Growth	-	-	-	-	-	19.98%
Gross Margin	11.21%	11.45%	14.92%	13.96%	15.20%	21.17%
Operating Margin	1.46%	1.71%	2.60%	2.89%	4.23%	9.11%
Profit Margin	2.47%	3.15%	6.01%	8.06%	8.63%	10.73%
Free Cash Flow Margin	0.62%	-1.14%	0.26%	7.78%	18.29%	-0.69%
EBITDA	91.09	92.5	96.5	88.43	108.42	131.97
EBITDA Margin	7.47%	7.85%	8.90%	10.51%	10.53%	16.75%
D&A For EBITDA	73.32	72.31	68.3	64.14	64.85	60.17
EBIT	17.77	20.19	28.2	24.29	43.57	71.8
EBIT Margin	1.46%	1.71%	2.60%	2.89%	4.23%	9.11%
Effective Tax Rate	9.76%	8.16%	7.16%	5.11%	9.75%	11.44%
Revenue as Reported	-	-	1,084	841.11	1,029	788.01

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