SHE:300239 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	745.31	850.21	970.41	937.89	609.82
Other Revenue	-	34.72	4.1	5.51	2.34
Revenue	745.31	884.93	974.51	943.4	612.17
Revenue Growth (YoY)	-15.78%	-9.19%	3.30%	54.11%	36.39%
Cost of Revenue	571.24	687.88	728.53	712.28	515.98
Gross Profit	174.07	197.06	245.98	231.12	96.19
Selling, General & Admin	70.2	67.96	69.75	67.81	40.1
Research & Development	25.48	27.36	26.1	25.83	12.98
Other Operating Expenses	-1.53	4.92	12.58	12.52	9.23
Operating Expenses	94.15	99.82	110.21	106.47	62.34
Operating Income	79.92	97.23	135.77	124.65	33.85
Interest Expense	-	-2.56	-5.14	-7.63	-4.78
Interest & Investment Income	-	7.11	6.37	4.84	2.88
Currency Exchange Gain (Loss)	-	1.03	0.26	0.7	-0.03
Other Non Operating Income (Expenses)	0.08	-0.18	-0.17	-0.21	1.44
EBT Excluding Unusual Items	80	102.63	137.08	122.35	33.37
Gain (Loss) on Sale of Investments	-2.86	-3.74	-4.33	-1.91	-2.53
Gain (Loss) on Sale of Assets	-0.09	-0.28	0.08	0.14	0.09
Asset Writedown	-15.13	-0.88	-0.86	-0.42	-0.6
Other Unusual Items	-	7.79	12.47	11.25	11.21
Pretax Income	61.92	105.63	144.49	131.65	41.54
Income Tax Expense	7.58	14.37	17.12	16.21	5.72
Earnings From Continuing Operations	54.34	91.26	127.37	115.44	35.82
Minority Interest in Earnings	0	-5.28	-7.49	-6	0.66
Net Income	54.34	85.98	119.89	109.44	36.48
Net Income to Common	54.34	85.98	119.89	109.44	36.48
Net Income Growth	-36.80%	-28.28%	9.55%	199.96%	97.74%
Shares Outstanding (Basic)	586	594	593	593	564
Shares Outstanding (Diluted)	626	647	612	593	564
Shares Change (YoY)	-3.24%	5.72%	3.12%	5.25%	7.89%
EPS (Basic)	0.09	0.14	0.20	0.18	0.06
EPS (Diluted)	0.09	0.13	0.20	0.18	0.06
EPS Growth	-34.69%	-32.16%	6.24%	185.01%	83.29%
Free Cash Flow	26.65	-8.04	67.15	86.76	0.15
Free Cash Flow Per Share	0.04	-0.01	0.11	0.15	-
Dividend Per Share	-	0.025	0.022	0.026	0.006
Dividend Growth	-	13.64%	-15.38%	333.33%	-
Gross Margin	23.36%	22.27%	25.24%	24.50%	15.71%
Operating Margin	10.72%	10.99%	13.93%	13.21%	5.53%
Profit Margin	7.29%	9.72%	12.30%	11.60%	5.96%
Free Cash Flow Margin	3.58%	-0.91%	6.89%	9.20%	0.02%
EBITDA	177.18	183.56	217.73	210.16	89.17
EBITDA Margin	23.77%	20.74%	22.34%	22.28%	14.57%
D&A For EBITDA	97.26	86.32	81.96	85.52	55.32
EBIT	79.92	97.23	135.77	124.65	33.85
EBIT Margin	10.72%	10.99%	13.93%	13.21%	5.53%
Effective Tax Rate	12.25%	13.60%	11.85%	12.31%	13.76%
Revenue as Reported	-	884.93	974.51	943.4	612.17
Advertising Expenses	-	0.57	1.12	1.08	0.81

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