SHE:003025 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	733.99	596.55	461.92	488.61	461.09
Other Revenue	-	27.36	23.95	19.61	16.55
Revenue	733.99	623.91	485.87	508.22	477.64
Revenue Growth (YoY)	17.64%	28.41%	-4.40%	6.40%	23.08%
Cost of Revenue	454.03	392.61	302.74	306.51	283.8
Gross Profit	279.97	231.3	183.13	201.71	193.84
Selling, General & Admin	68.16	62.72	56.51	43.12	36.68
Research & Development	26.41	25.97	19.86	20.48	17.24
Other Operating Expenses	1.95	3.58	2.78	3.71	3.41
Operating Expenses	96.52	94.65	77.86	69.88	57.16
Operating Income	183.45	136.66	105.27	131.83	136.68
Interest Expense	-	-0.01	-0.01	-	-
Interest & Investment Income	1.75	7.63	6.11	11.84	8.88
Currency Exchange Gain (Loss)	-	1.99	2.03	10.08	-0.97
Other Non Operating Income (Expenses)	1.41	-0.38	0.2	0.03	-0.36
EBT Excluding Unusual Items	186.61	145.88	113.6	153.77	144.23
Gain (Loss) on Sale of Assets	0.05	64.85	-0.02	0.79	0.01
Asset Writedown	-4.51	0.03	-0.99	-	-
Legal Settlements	-	-	-	0.3	-0.2
Other Unusual Items	-	2.62	2.02	4.36	3.17
Pretax Income	182.14	213.39	114.6	159.22	147.21
Income Tax Expense	27.59	31.61	17.01	19.9	23.75
Net Income	154.55	181.78	97.59	139.32	123.46
Net Income to Common	154.55	181.78	97.59	139.32	123.46
Net Income Growth	-14.98%	86.27%	-29.95%	12.85%	31.86%
Shares Outstanding (Basic)	286	283	286	283	283
Shares Outstanding (Diluted)	286	283	286	283	283
Shares Change (YoY)	1.03%	-0.81%	0.80%	0.24%	32.82%
EPS (Basic)	0.54	0.64	0.34	0.49	0.44
EPS (Diluted)	0.54	0.64	0.34	0.49	0.44
EPS Growth	-15.85%	87.80%	-30.51%	12.57%	-0.73%
Free Cash Flow	219.03	100.09	-101.25	-81.37	22.31
Free Cash Flow Per Share	0.77	0.35	-0.35	-0.29	0.08
Dividend Per Share	-	0.183	0.167	0.207	0.178
Dividend Growth	-	9.96%	-19.43%	16.04%	16.61%
Gross Margin	38.14%	37.07%	37.69%	39.69%	40.58%
Operating Margin	24.99%	21.90%	21.67%	25.94%	28.62%
Profit Margin	21.06%	29.13%	20.09%	27.41%	25.85%
Free Cash Flow Margin	29.84%	16.04%	-20.84%	-16.01%	4.67%
EBITDA	231	173.57	140.75	152.41	150.94
EBITDA Margin	31.47%	27.82%	28.97%	29.99%	31.60%
D&A For EBITDA	47.56	36.91	35.48	20.58	14.27
EBIT	183.45	136.66	105.27	131.83	136.68
EBIT Margin	24.99%	21.90%	21.67%	25.94%	28.62%
Effective Tax Rate	15.15%	14.81%	14.85%	12.50%	16.13%
Revenue as Reported	-	623.91	485.87	508.22	477.64

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