SHE:003015 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	667.36	570.2	471.19	461.08	478.69
Other Revenue	-	12.85	6.74	8.06	9.65
Revenue	667.36	583.05	477.93	469.14	488.34
Revenue Growth (YoY)	14.46%	22.00%	1.87%	-3.93%	-5.60%
Cost of Revenue	451.19	434.91	389.39	348.51	324.24
Gross Profit	216.17	148.14	88.54	120.63	164.1
Selling, General & Admin	70.49	46.75	50.01	46.54	45.88
Research & Development	43.71	33.79	31.74	25.53	24.82
Other Operating Expenses	-0.45	-2.8	1.75	2.94	3.17
Operating Expenses	113.75	77.57	100.45	74	72.77
Operating Income	102.43	70.57	-11.91	46.63	91.33
Interest Expense	-	-2.36	-4.05	-4.86	-7.11
Interest & Investment Income	0.22	3.37	3.34	2.87	7.88
Currency Exchange Gain (Loss)	-	-0.15	0.96	-0.28	0.51
Other Non Operating Income (Expenses)	3.5	0.1	0.14	-0.19	-0.5
EBT Excluding Unusual Items	106.14	71.54	-11.53	44.17	92.11
Gain (Loss) on Sale of Investments	0.02	-	0.06	-0.53	-
Gain (Loss) on Sale of Assets	-	0.04	-	-0	-
Asset Writedown	-9.41	-0	-4.51	-0.09	-0.02
Other Unusual Items	-	3.01	2.17	4.15	3.78
Pretax Income	96.75	74.59	-13.8	47.7	95.87
Income Tax Expense	-7.8	7.11	2.78	7.8	13.51
Net Income	104.55	67.47	-16.58	39.89	82.36
Net Income to Common	104.55	67.47	-16.58	39.89	82.36
Net Income Growth	54.94%	-	-	-51.56%	-16.88%
Shares Outstanding (Basic)	275	270	276	266	284
Shares Outstanding (Diluted)	275	270	276	266	284
Shares Change (YoY)	1.93%	-2.34%	3.92%	-6.36%	28.98%
EPS (Basic)	0.38	0.25	-0.06	0.15	0.29
EPS (Diluted)	0.38	0.25	-0.06	0.15	0.29
EPS Growth	52.00%	-	-	-48.28%	-35.56%
Free Cash Flow	35.07	131.41	92.59	8.3	-81.07
Free Cash Flow Per Share	0.13	0.49	0.34	0.03	-0.28
Dividend Per Share	-	0.200	0.100	0.200	0.200
Dividend Growth	-	100.00%	-50.00%	-	33.33%
Gross Margin	32.39%	25.41%	18.52%	25.71%	33.60%
Operating Margin	15.35%	12.10%	-2.49%	9.94%	18.70%
Profit Margin	15.67%	11.57%	-3.47%	8.50%	16.87%
Free Cash Flow Margin	5.25%	22.54%	19.37%	1.77%	-16.60%
EBITDA	185.32	156.88	79.15	113.11	150.74
EBITDA Margin	27.77%	26.91%	16.56%	24.11%	30.87%
D&A For EBITDA	82.89	86.31	91.06	66.47	59.4
EBIT	102.43	70.57	-11.91	46.63	91.33
EBIT Margin	15.35%	12.10%	-2.49%	9.94%	18.70%
Effective Tax Rate	-	9.54%	-	16.36%	14.09%
Revenue as Reported	-	583.05	477.93	469.14	488.34
Advertising Expenses	-	2.09	2.05	0.78	2.9

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