SHE:300154 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	894.18	998.77	1,135	1,059	1,068
Other Revenue	-	16.06	14.61	13.42	14.21
Revenue	894.18	1,015	1,150	1,073	1,083
Revenue Growth (YoY)	-11.89%	-11.73%	7.18%	-0.92%	94.85%
Cost of Revenue	687.72	813.92	898.76	861.54	841.99
Gross Profit	206.46	200.91	250.98	211.14	240.68
Selling, General & Admin	104.89	122.83	115.42	110.92	95.5
Research & Development	33.79	35.97	33.26	35.19	34.25
Other Operating Expenses	-0.16	5.95	7.08	5.76	6.78
Operating Expenses	138.52	168.53	165.84	151.62	141.85
Operating Income	67.93	32.38	85.14	59.51	98.82
Interest Expense	-	-11.21	-10.57	-3.29	-3.75
Interest & Investment Income	48.16	79.86	44.48	24.65	21.01
Currency Exchange Gain (Loss)	-	12.88	-2.56	20.35	2.37
Other Non Operating Income (Expenses)	3.22	-1.49	-1.77	0.39	-1.98
EBT Excluding Unusual Items	119.31	112.42	114.71	101.61	116.47
Merger & Restructuring Charges	-	-	-	3.5	-
Gain (Loss) on Sale of Investments	10.91	63.5	-3.94	-14.42	14.04
Gain (Loss) on Sale of Assets	0.05	2.84	-0.04	-0.15	-0.19
Asset Writedown	-12.57	-0.34	-2.75	-0.21	-
Other Unusual Items	-	8.66	9.34	9.14	5.73
Pretax Income	117.7	187.08	117.33	99.47	136.05
Income Tax Expense	19.27	39.02	26.68	13.47	18.09
Earnings From Continuing Operations	98.43	148.06	90.65	86	117.96
Minority Interest in Earnings	5.96	2.24	9.91	-2.39	-1.09
Net Income	104.38	150.3	100.55	83.61	116.87
Net Income to Common	104.38	150.3	100.55	83.61	116.87
Net Income Growth	-30.55%	49.48%	20.27%	-28.46%	74.75%
Shares Outstanding (Basic)	454	455	457	440	450
Shares Outstanding (Diluted)	454	455	457	440	450
Shares Change (YoY)	-0.36%	-0.35%	3.86%	-2.10%	0.82%
EPS (Basic)	0.23	0.33	0.22	0.19	0.26
EPS (Diluted)	0.23	0.33	0.22	0.19	0.26
EPS Growth	-30.30%	50.00%	15.79%	-26.92%	73.33%
Free Cash Flow	27.81	14.67	-68.3	-115.82	25.45
Free Cash Flow Per Share	0.06	0.03	-0.15	-0.26	0.06
Dividend Per Share	-	0.200	0.200	0.150	0.200
Dividend Growth	-	-	33.33%	-25.00%	33.33%
Gross Margin	23.09%	19.80%	21.83%	19.68%	22.23%
Operating Margin	7.60%	3.19%	7.41%	5.55%	9.13%
Profit Margin	11.67%	14.81%	8.75%	7.80%	10.79%
Free Cash Flow Margin	3.11%	1.44%	-5.94%	-10.80%	2.35%
EBITDA	89.93	53.15	103.16	76.64	113.79
EBITDA Margin	10.06%	5.24%	8.97%	7.14%	10.51%
D&A For EBITDA	21.99	20.76	18.02	17.13	14.96
EBIT	67.93	32.38	85.14	59.51	98.82
EBIT Margin	7.60%	3.19%	7.41%	5.55%	9.13%
Effective Tax Rate	16.37%	20.86%	22.74%	13.55%	13.30%
Revenue as Reported	-	1,015	1,150	1,073	1,083
Advertising Expenses	-	5.59	5.39	3.49	3.94

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