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	Jun '26 Jun 30, 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	2,587	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	2,591	2,520	2,214	1,680	1,812	1,592
Revenue Growth	23.47%	13.86%	31.76%	-7.28%	13.79%	33.40%
Cost of Revenue	1,994	1,936	1,706	1,274	1,333	1,228
Gross Profit	597.13	584.29	507.17	405.76	478.49	364.42
Selling, General & Admin	266.14	258.65	218.22	181.52	162.61	137.24
Research & Development	116.96	111.18	97.81	69.35	55.89	50.93
Other Operating Expenses	7.74	10.8	6.74	7.16	6.82	2.45
Operating Expenses	394.1	385	323.14	256.37	209.54	199.78
Operating Income	203.03	199.29	184.03	149.39	268.95	164.65
Interest Expense	-14.97	-14.56	-13.61	-8.1	-4.16	-1.97
Interest & Investment Income	27.35	22.96	19.21	15.16	2.48	17.2
Currency Exchange Gain (Loss)	-16.54	-2.31	12.13	11.13	57.8	-5.38
Other Non Operating Income (Expenses)	2.01	4.16	-1.59	1.98	-5.75	-0.54
EBT Excluding Unusual Items	200.88	209.53	200.17	169.57	319.32	173.96
Gain (Loss) on Sale of Investments	-0.48	4.61	25.35	14.32	-2.1	0.65
Gain (Loss) on Sale of Assets	0.98	4.74	0	-	0.01	0
Asset Writedown	-0.39	0.01	-0.49	-0.02	-0.86	-0.03
Other Unusual Items	10.62	8.44	-0.76	8.89	13.76	13
Pretax Income	211.61	227.34	224.27	192.76	330.13	187.57
Income Tax Expense	38.43	36.81	47.42	41.73	69.36	36.69
Earnings From Continuing Operations	173.17	190.53	176.85	151.03	260.77	150.89
Minority Interest in Earnings	1.28	3.65	11.23	8.15	-	-
Net Income	174.45	194.18	188.08	159.18	260.77	150.89
Net Income to Common	174.45	194.18	188.08	159.18	260.77	150.89
Net Income Growth	2.61%	3.24%	18.16%	-38.96%	72.82%	35.71%
Shares Outstanding (Basic)	170	172	169	171	170	169
Shares Outstanding (Diluted)	170	172	171	171	171	169
Shares Change	-3.73%	0.50%	-0.10%	0.02%	1.15%	29.46%
EPS (Basic)	1.02	1.13	1.11	0.93	1.53	0.89
EPS (Diluted)	1.02	1.13	1.10	0.93	1.52	0.89
EPS Growth	6.59%	2.73%	18.28%	-38.97%	70.87%	4.83%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	-154.81	68.15	6.8	261.33	362.72	-252.68
Free Cash Flow Per Share	-0.91	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	0%	0%	16.66%	-38.12%	104.43%	4.67%
Gross Margin	23.04%	23.18%	22.91%	24.15%	26.41%	22.89%
Operating Margin	7.83%	7.91%	8.31%	8.89%	14.84%	10.34%
Profit Margin	6.73%	7.70%	8.50%	9.47%	14.39%	9.48%
Free Cash Flow Margin	-5.97%	2.70%	0.31%	15.55%	20.02%	-15.87%
EBITDA	238.63	235.17	217.31	183.05	285.22	181.08
EBITDA Margin	9.21%	9.33%	9.82%	10.90%	15.74%	11.37%
D&A For EBITDA	35.6	35.88	33.27	33.66	16.27	16.44
EBIT	203.03	199.29	184.03	149.39	268.95	164.65
EBIT Margin	7.83%	7.91%	8.31%	8.89%	14.84%	10.34%
Effective Tax Rate	18.16%	16.19%	21.14%	21.65%	21.01%	19.56%
Revenue as Reported	2,597	2,520	2,214	1,680	1,812	1,592