SHE:300172 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	Mar '26 Mar 31, 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	712.34	704.76	818.13	991.95	997.86	847.17
Other Revenue	11.6	11.6	19.18	14.04	25.52	27.21
Revenue	723.93	716.36	837.3	1,006	1,023	874.38
Revenue Growth (YoY)	-10.39%	-14.44%	-16.77%	-1.70%	17.04%	-4.94%
Cost of Revenue	524.9	518	613.75	765.94	776.25	632.05
Gross Profit	199.03	198.36	223.55	240.05	247.13	242.33
Selling, General & Admin	81.25	82.51	81.88	84.91	85.07	90.78
Research & Development	34.74	35.18	40.71	39.1	46.29	37.84
Other Operating Expenses	3.71	1.01	-0.57	4.55	3	3.41
Operating Expenses	110.9	103.93	137.88	156.44	150.77	153.82
Operating Income	88.14	94.43	85.67	83.61	96.35	88.51
Interest Expense	-2.23	-2.26	-5.17	-9.73	-13.86	-14.45
Interest & Investment Income	17.83	15.51	12.83	12.15	12.54	8.96
Currency Exchange Gain (Loss)	-0.17	-0.17	0.3	0.07	0	-0
Other Non Operating Income (Expenses)	-1.62	-1.62	-0.68	-0.11	-1.93	0.22
EBT Excluding Unusual Items	101.94	105.88	92.95	86	93.1	83.24
Impairment of Goodwill	-	-	-	-	-42.08	-
Gain (Loss) on Sale of Investments	6.04	4.76	11.03	21.98	17.52	18.86
Gain (Loss) on Sale of Assets	-0.21	-0	-0	0	-0	0
Asset Writedown	-22.3	-22.82	-25.74	-26.46	-0.55	-0.02
Legal Settlements	-0.84	-0.84	-	-	-	-
Other Unusual Items	11.91	10.94	9.47	14.05	17.68	15.96
Pretax Income	96.55	97.91	87.71	95.56	85.67	118.04
Income Tax Expense	13.59	14.27	11.3	15.34	16.17	10.61
Earnings From Continuing Operations	82.96	83.65	76.4	80.22	69.5	107.43
Minority Interest in Earnings	-3.65	-1.96	-2.24	5.6	6.74	-0.87
Net Income	79.31	81.69	74.16	85.82	76.25	106.56
Net Income to Common	79.31	81.69	74.16	85.82	76.25	106.56
Net Income Growth	10.51%	10.16%	-13.58%	12.55%	-28.45%	-39.80%
Shares Outstanding (Basic)	681	681	674	660	693	666
Shares Outstanding (Diluted)	681	681	674	660	693	666
Shares Change (YoY)	1.05%	0.98%	2.13%	-4.76%	4.08%	-2.18%
EPS (Basic)	0.12	0.12	0.11	0.13	0.11	0.16
EPS (Diluted)	0.12	0.12	0.11	0.13	0.11	0.16
EPS Growth	9.37%	9.09%	-15.38%	18.18%	-31.25%	-38.46%
Free Cash Flow	266.29	388.01	239.04	80.36	85.44	27.81
Free Cash Flow Per Share	0.39	0.57	0.35	0.12	0.12	0.04
Dividend Per Share	0.100	0.100	0.050	0.030	0.050	0.050
Dividend Growth	100.00%	100.00%	66.67%	-40.00%	-	29.87%
Gross Margin	27.49%	27.69%	26.70%	23.86%	24.15%	27.71%
Operating Margin	12.17%	13.18%	10.23%	8.31%	9.41%	10.12%
Profit Margin	10.96%	11.40%	8.86%	8.53%	7.45%	12.19%
Free Cash Flow Margin	36.78%	54.16%	28.55%	7.99%	8.35%	3.18%
EBITDA	149.43	164.46	190.68	196.82	219.54	180.09
EBITDA Margin	20.64%	22.96%	22.77%	19.56%	21.45%	20.60%
D&A For EBITDA	61.3	70.04	105.01	113.21	123.19	91.57
EBIT	88.14	94.43	85.67	83.61	96.35	88.51
EBIT Margin	12.17%	13.18%	10.23%	8.31%	9.41%	10.12%
Effective Tax Rate	14.07%	14.57%	12.89%	16.05%	18.87%	8.99%
Revenue as Reported	723.93	716.36	837.3	1,006	1,023	874.38

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