SHE:300105 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	959.59	1,272	1,125	727.49	535.11
Other Revenue	-	4.53	4.46	5.24	6.66
Revenue	959.59	1,277	1,129	732.73	541.77
Revenue Growth (YoY)	-24.83%	13.06%	54.10%	35.24%	18.22%
Cost of Revenue	749.86	1,089	906.38	602.7	442.93
Gross Profit	209.74	187.63	222.73	130.03	98.84
Selling, General & Admin	113.91	106.11	99.78	99.73	94.73
Research & Development	60.09	45.92	37.26	40	39.19
Other Operating Expenses	-1.75	-0.39	-0.76	6.87	5.81
Operating Expenses	172.24	168.77	133.72	149.73	134.92
Operating Income	37.49	18.86	89.01	-19.71	-36.08
Interest Expense	-	-0.08	-0.02	-0.03	-0.02
Interest & Investment Income	1.75	50.05	25.73	34.45	38.52
Currency Exchange Gain (Loss)	-	0	-	-	-
Other Non Operating Income (Expenses)	-84.24	-0.17	-5.05	-1.75	-0.4
EBT Excluding Unusual Items	-45	68.66	109.67	12.95	2.01
Gain (Loss) on Sale of Assets	0.03	2.87	0.11	68.66	0.07
Asset Writedown	-5.87	-	-	-	-
Other Unusual Items	-	8.24	6.39	6.99	3.88
Pretax Income	-50.84	79.77	116.16	88.6	5.96
Income Tax Expense	-15.17	14.48	-25.07	0.07	0.02
Earnings From Continuing Operations	-35.67	65.29	141.23	88.53	5.95
Net Income	-35.67	65.29	141.23	88.53	5.95
Net Income to Common	-35.67	65.29	141.23	88.53	5.95
Net Income Growth	-	-53.77%	59.53%	1388.55%	-39.29%
Shares Outstanding (Basic)	510	517	515	513	607
Shares Outstanding (Diluted)	510	517	515	513	607
Shares Change (YoY)	-1.34%	0.25%	0.40%	-15.43%	18.33%
EPS (Basic)	-0.07	0.13	0.27	0.17	0.01
EPS (Diluted)	-0.07	0.13	0.27	0.17	0.01
EPS Growth	-	-53.89%	58.90%	1660.20%	-48.69%
Free Cash Flow	215.79	57.21	-94.42	-83.76	53.15
Free Cash Flow Per Share	0.42	0.11	-0.18	-0.16	0.09
Dividend Per Share	-	0.100	0.150	0.200	-
Dividend Growth	-	-33.33%	-25.00%	-	-
Gross Margin	21.86%	14.70%	19.73%	17.75%	18.24%
Operating Margin	3.91%	1.48%	7.88%	-2.69%	-6.66%
Profit Margin	-3.72%	5.11%	12.51%	12.08%	1.10%
Free Cash Flow Margin	22.49%	4.48%	-8.36%	-11.43%	9.81%
EBITDA	78.79	57.66	110.94	1.27	-14.25
EBITDA Margin	8.21%	4.52%	9.83%	0.17%	-2.63%
D&A For EBITDA	41.3	38.8	21.93	20.98	21.84
EBIT	37.49	18.86	89.01	-19.71	-36.08
EBIT Margin	3.91%	1.48%	7.88%	-2.69%	-6.66%
Effective Tax Rate	-	18.15%	-	0.08%	0.29%
Revenue as Reported	-	1,277	1,129	732.73	541.77
Advertising Expenses	-	0.59	0.56	0.24	0.17

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