SHE:300112 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	1,032	1,017	1,116	1,088	937.31
Other Revenue	-	13.99	11.45	10.13	10.32
Revenue	1,032	1,031	1,127	1,098	947.63
Revenue Growth (YoY)	0.07%	-8.54%	2.67%	15.85%	29.42%
Cost of Revenue	-	571.93	613.9	572.23	465.04
Gross Profit	1,032	458.99	513.24	525.61	482.59
Selling, General & Admin	-	332.81	342.55	320.55	284.88
Research & Development	-	97.09	88.49	84.16	70.16
Other Operating Expenses	1,086	-4.56	-9.34	-2.66	-3.6
Operating Expenses	1,086	432.44	426.09	407.26	355.59
Operating Income	-54.27	26.55	87.15	118.35	127
Interest Expense	-	-15.35	-15.28	-14.62	-10.38
Interest & Investment Income	-	5.36	19.34	6.3	5.53
Currency Exchange Gain (Loss)	-	0.19	-1.54	-0.79	1.45
Other Non Operating Income (Expenses)	1.38	-0.56	-0.04	-1.27	-1.28
EBT Excluding Unusual Items	-52.89	16.2	89.64	107.97	122.31
Impairment of Goodwill	-	-73.24	-59.05	-	-12.95
Gain (Loss) on Sale of Investments	-	-2.92	-2.36	0.35	-0.94
Gain (Loss) on Sale of Assets	-	0	0.2	0.19	0.06
Asset Writedown	-	-9.43	-0.2	-0.32	-0.11
Other Unusual Items	-	6.12	5.06	7.3	5.72
Pretax Income	-52.89	-63.27	33.28	115.49	114.09
Income Tax Expense	14.3	-0.01	3.24	12.98	17.37
Earnings From Continuing Operations	-67.19	-63.26	30.04	102.51	96.72
Minority Interest in Earnings	-	-3.36	-4.94	-7.71	-4.17
Net Income	-67.19	-66.62	25.1	94.8	92.54
Net Income to Common	-67.19	-66.62	25.1	94.8	92.54
Net Income Growth	-	-	-73.52%	2.44%	2.33%
Shares Outstanding (Basic)	292	290	314	287	289
Shares Outstanding (Diluted)	292	290	314	287	289
Shares Change (YoY)	0.86%	-7.69%	9.22%	-0.67%	2.33%
EPS (Basic)	-0.23	-0.23	0.08	0.33	0.32
EPS (Diluted)	-0.23	-0.23	0.08	0.33	0.32
EPS Growth	-	-	-75.76%	3.13%	-
Free Cash Flow	-	-30.47	48.34	45.59	36.08
Free Cash Flow Per Share	-	-0.10	0.15	0.16	0.13
Dividend Per Share	-	-	0.200	0.200	0.200
Gross Margin	100.00%	44.52%	45.53%	47.88%	50.93%
Operating Margin	-5.26%	2.57%	7.73%	10.78%	13.40%
Profit Margin	-6.51%	-6.46%	2.23%	8.63%	9.77%
Free Cash Flow Margin	-	-2.96%	4.29%	4.15%	3.81%
EBITDA	-18.28	62.55	119.88	155.76	160.76
EBITDA Margin	-1.77%	6.07%	10.64%	14.19%	16.96%
D&A For EBITDA	36	36	32.73	37.4	33.75
EBIT	-54.27	26.55	87.15	118.35	127
EBIT Margin	-5.26%	2.57%	7.73%	10.78%	13.40%
Effective Tax Rate	-	-	9.74%	11.24%	15.23%
Revenue as Reported	-	1,031	1,127	1,098	947.63

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