SHE:003019 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	2,520	2,209	1,673	1,807	1,584
Other Revenue	-	4.07	7.45	4.88	8.59
Revenue	2,520	2,214	1,680	1,812	1,592
Revenue Growth (YoY)	13.86%	31.76%	-7.28%	13.79%	33.40%
Cost of Revenue	1,934	1,706	1,274	1,333	1,228
Gross Profit	585.97	507.17	405.76	478.49	364.42
Selling, General & Admin	258.65	218.22	181.52	162.61	137.24
Research & Development	111.18	97.81	69.35	55.89	50.93
Other Operating Expenses	3.27	6.98	7.26	6.82	2.45
Operating Expenses	373.1	323.38	256.47	209.54	199.78
Operating Income	212.88	183.8	149.29	268.95	164.65
Interest Expense	-	-13.61	-8.1	-4.16	-1.97
Interest & Investment Income	-	19.21	15.16	2.48	17.2
Currency Exchange Gain (Loss)	-	12.13	11.13	57.8	-5.38
Other Non Operating Income (Expenses)	6.79	-1.59	1.98	-5.75	-0.54
EBT Excluding Unusual Items	219.67	199.93	169.47	319.32	173.96
Gain (Loss) on Sale of Investments	4.61	25.35	14.32	-2.1	0.65
Gain (Loss) on Sale of Assets	4.74	0	-	0.01	0
Asset Writedown	-1.68	-0.49	-0.02	-0.86	-0.03
Other Unusual Items	-	-0.52	8.99	13.76	13
Pretax Income	227.34	224.27	192.76	330.13	187.57
Income Tax Expense	36.81	47.42	41.73	69.36	36.69
Earnings From Continuing Operations	190.53	176.85	151.03	260.77	150.89
Minority Interest in Earnings	3.65	11.23	8.15	-	-
Net Income	194.18	188.08	159.18	260.77	150.89
Net Income to Common	194.18	188.08	159.18	260.77	150.89
Net Income Growth	3.24%	18.16%	-38.96%	72.82%	35.71%
Shares Outstanding (Basic)	172	169	171	170	169
Shares Outstanding (Diluted)	172	171	171	171	169
Shares Change (YoY)	0.50%	-0.10%	0.02%	1.15%	29.46%
EPS (Basic)	1.13	1.11	0.93	1.53	0.89
EPS (Diluted)	1.13	1.10	0.93	1.52	0.89
EPS Growth	2.73%	18.28%	-38.97%	70.87%	4.83%
Free Cash Flow	68.15	6.8	261.33	362.72	-252.68
Free Cash Flow Per Share	0.40	0.04	1.53	2.12	-1.49
Dividend Per Share	-	0.500	0.429	0.693	0.339
Dividend Growth	-	16.66%	-38.12%	104.43%	4.67%
Gross Margin	23.25%	22.91%	24.15%	26.41%	22.89%
Operating Margin	8.45%	8.30%	8.89%	14.84%	10.34%
Profit Margin	7.70%	8.50%	9.47%	14.39%	9.48%
Free Cash Flow Margin	2.70%	0.31%	15.55%	20.02%	-15.87%
EBITDA	252.65	214	182.95	285.22	181.08
EBITDA Margin	10.02%	9.67%	10.89%	15.74%	11.37%
D&A For EBITDA	39.77	30.2	33.66	16.27	16.44
EBIT	212.88	183.8	149.29	268.95	164.65
EBIT Margin	8.45%	8.30%	8.89%	14.84%	10.34%
Effective Tax Rate	16.19%	21.14%	21.65%	21.01%	19.56%
Revenue as Reported	-	2,214	1,680	1,812	1,592

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