SHE:300281 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	437.93	461.03	444.21	463.51	521.24
Other Revenue	-	13.34	10.28	8.9	7.33
Revenue	437.93	474.37	454.49	472.41	528.57
Revenue Growth (YoY)	-7.68%	4.37%	-3.79%	-10.63%	30.02%
Cost of Revenue	368.49	416.26	397.05	422.32	438.72
Gross Profit	69.44	58.11	57.44	50.09	89.86
Selling, General & Admin	51.57	44.13	42.94	42.19	38.42
Research & Development	23.64	23.18	24.22	23.77	26.62
Other Operating Expenses	-1.31	2.96	4.68	4.88	5.07
Operating Expenses	73.9	70.73	72.68	72.56	67.74
Operating Income	-4.46	-12.62	-15.25	-22.47	22.12
Interest Expense	-	-	-0.01	-0	-0.02
Interest & Investment Income	5.12	6.13	7.29	7.01	17.2
Currency Exchange Gain (Loss)	-	1.3	1.43	0.94	-0.32
Other Non Operating Income (Expenses)	-0.48	-0.35	-0.28	-0.2	-0.16
EBT Excluding Unusual Items	0.18	-5.54	-6.82	-14.73	38.82
Gain (Loss) on Sale of Investments	8.68	8.13	6.55	3.59	0.84
Gain (Loss) on Sale of Assets	-0.96	-	0.02	0.08	0.02
Asset Writedown	-13.91	-	-0.03	-0.06	-0
Other Unusual Items	-	3.68	4.5	6.47	6.85
Pretax Income	-6.01	6.27	4.23	-4.64	46.53
Income Tax Expense	-2.52	-0.85	-2.49	-3.06	6.01
Earnings From Continuing Operations	-3.49	7.11	6.72	-1.58	40.53
Net Income	-3.49	7.11	6.72	-1.58	40.53
Net Income to Common	-3.49	7.11	6.72	-1.58	40.53
Net Income Growth	-	5.93%	-	-	10.03%
Shares Outstanding (Basic)	436	418	420	395	419
Shares Outstanding (Diluted)	436	418	420	395	419
Shares Change (YoY)	4.16%	-0.30%	6.31%	-5.80%	0.02%
EPS (Basic)	-0.01	0.02	0.02	-0.00	0.10
EPS (Diluted)	-0.01	0.02	0.02	-0.00	0.10
EPS Growth	-	6.25%	-	-	10.01%
Free Cash Flow	11.65	42.75	-9.8	-23.46	35.33
Free Cash Flow Per Share	0.03	0.10	-0.02	-0.06	0.08
Dividend Per Share	-	0.060	0.020	-	0.040
Dividend Growth	-	200.00%	-	-	42.86%
Gross Margin	15.86%	12.25%	12.64%	10.60%	17.00%
Operating Margin	-1.02%	-2.66%	-3.35%	-4.76%	4.18%
Profit Margin	-0.80%	1.50%	1.48%	-0.33%	7.67%
Free Cash Flow Margin	2.66%	9.01%	-2.16%	-4.97%	6.69%
EBITDA	29.72	20.38	18.37	11.78	53.33
EBITDA Margin	6.79%	4.30%	4.04%	2.49%	10.09%
D&A For EBITDA	34.18	33	33.62	34.25	31.21
EBIT	-4.46	-12.62	-15.25	-22.47	22.12
EBIT Margin	-1.02%	-2.66%	-3.35%	-4.76%	4.18%
Effective Tax Rate	-	-	-	-	12.91%
Revenue as Reported	-	474.37	454.49	472.41	528.57
Advertising Expenses	-	0.43	0.51	0.26	0.88

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