SHE:003019 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	Jan '22 Jan 1, 2022
Operating Revenue	2,478	2,516	2,209	1,673	1,807	1,584
Other Revenue	4.61	4.61	4.07	7.45	4.88	8.59
Revenue	2,483	2,520	2,214	1,680	1,812	1,592
Revenue Growth (YoY)	13.15%	13.86%	31.76%	-7.28%	13.79%	33.40%
Cost of Revenue	1,893	1,936	1,706	1,274	1,333	1,228
Gross Profit	590.05	584.29	507.17	405.76	478.49	364.42
Selling, General & Admin	266.55	258.65	218.22	181.52	162.61	137.24
Research & Development	113.21	111.18	97.81	69.35	55.89	50.93
Other Operating Expenses	13.59	10.8	6.74	7.16	6.82	2.45
Operating Expenses	397.72	385	323.14	256.37	209.54	199.78
Operating Income	192.34	199.29	184.03	149.39	268.95	164.65
Interest Expense	-14.56	-14.56	-13.61	-8.1	-4.16	-1.97
Interest & Investment Income	25.45	22.96	19.21	15.16	2.48	17.2
Currency Exchange Gain (Loss)	-2.31	-2.31	12.13	11.13	57.8	-5.38
Other Non Operating Income (Expenses)	-5.18	4.16	-1.59	1.98	-5.75	-0.54
EBT Excluding Unusual Items	195.73	209.53	200.17	169.57	319.32	173.96
Gain (Loss) on Sale of Investments	1.34	4.61	25.35	14.32	-2.1	0.65
Gain (Loss) on Sale of Assets	0.97	4.74	0	-	0.01	0
Asset Writedown	-6.61	0.01	-0.49	-0.02	-0.86	-0.03
Other Unusual Items	8.44	8.44	-0.76	8.89	13.76	13
Pretax Income	199.86	227.34	224.27	192.76	330.13	187.57
Income Tax Expense	32.52	36.81	47.42	41.73	69.36	36.69
Earnings From Continuing Operations	167.34	190.53	176.85	151.03	260.77	150.89
Minority Interest in Earnings	4.86	3.65	11.23	8.15	-	-
Net Income	172.2	194.18	188.08	159.18	260.77	150.89
Net Income to Common	172.2	194.18	188.08	159.18	260.77	150.89
Net Income Growth	-0.16%	3.24%	18.16%	-38.96%	72.82%	35.71%
Shares Outstanding (Basic)	171	172	169	171	170	169
Shares Outstanding (Diluted)	171	172	171	171	171	169
Shares Change (YoY)	-1.01%	0.50%	-0.10%	0.02%	1.15%	29.46%
EPS (Basic)	1.01	1.13	1.11	0.93	1.53	0.89
EPS (Diluted)	1.01	1.13	1.10	0.93	1.52	0.89
EPS Growth	0.85%	2.73%	18.28%	-38.97%	70.87%	4.83%
Free Cash Flow	-51.63	68.15	6.8	261.33	362.72	-252.68
Free Cash Flow Per Share	-0.30	0.40	0.04	1.53	2.12	-1.49
Dividend Per Share	0.500	0.500	0.500	0.429	0.693	0.339
Dividend Growth	-	-	16.66%	-38.12%	104.43%	4.67%
Gross Margin	23.76%	23.18%	22.91%	24.15%	26.41%	22.89%
Operating Margin	7.75%	7.91%	8.31%	8.89%	14.84%	10.34%
Profit Margin	6.93%	7.70%	8.50%	9.47%	14.39%	9.48%
Free Cash Flow Margin	-2.08%	2.70%	0.31%	15.55%	20.02%	-15.87%
EBITDA	228.87	235.17	217.31	183.05	285.22	181.08
EBITDA Margin	9.22%	9.33%	9.82%	10.90%	15.74%	11.37%
D&A For EBITDA	36.53	35.88	33.27	33.66	16.27	16.44
EBIT	192.34	199.29	184.03	149.39	268.95	164.65
EBIT Margin	7.75%	7.91%	8.31%	8.89%	14.84%	10.34%
Effective Tax Rate	16.27%	16.19%	21.14%	21.65%	21.01%	19.56%
Revenue as Reported	2,520	2,520	2,214	1,680	1,812	1,592

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