SHE:300310 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	2,506	2,501	2,660	2,588	2,333
Other Revenue	-	0.97	0.15	3.54	4.05
Revenue	2,506	2,502	2,660	2,592	2,337
Revenue Growth (YoY)	0.16%	-5.93%	2.65%	10.88%	5.55%
Cost of Revenue	2,278	2,288	2,403	2,320	2,071
Gross Profit	228.55	214.8	256.85	271.26	266.64
Selling, General & Admin	114.74	147.73	167.79	159.57	172.33
Research & Development	98.91	105.23	118.94	115.36	93.63
Other Operating Expenses	1.39	6.81	3.68	-6.48	-4.4
Operating Expenses	215.04	279.62	306.25	268.14	264.46
Operating Income	13.51	-64.83	-49.4	3.12	2.17
Interest Expense	-	-3.6	-3.26	-0.76	-0.41
Interest & Investment Income	5.71	75.12	25.58	23.14	43.97
Currency Exchange Gain (Loss)	-	-2.5	-1.52	-	0.96
Other Non Operating Income (Expenses)	-9	-3.15	67.27	-12.04	17.5
EBT Excluding Unusual Items	10.22	1.04	38.66	13.45	64.19
Impairment of Goodwill	-	-31.27	-	-1.89	-11.28
Gain (Loss) on Sale of Investments	2.35	9.69	3.99	1.73	-0.07
Gain (Loss) on Sale of Assets	0.07	0.18	-0.59	0.26	0.11
Asset Writedown	-5.43	0.07	0	0	-2.44
Other Unusual Items	-	-2.62	6.7	5.35	2.45
Pretax Income	7.21	-22.92	48.76	18.91	52.95
Income Tax Expense	-2.88	11.34	4.92	-1.3	5.77
Earnings From Continuing Operations	10.09	-34.26	43.84	20.21	47.18
Minority Interest in Earnings	0.86	3.91	4.35	-0.45	6.63
Net Income	10.95	-30.35	48.19	19.76	53.82
Net Income to Common	10.95	-30.35	48.19	19.76	53.82
Net Income Growth	-	-	143.86%	-63.28%	159.01%
Shares Outstanding (Basic)	1,095	1,012	964	988	897
Shares Outstanding (Diluted)	1,095	1,012	964	988	897
Shares Change (YoY)	8.23%	4.96%	-2.46%	10.16%	-13.66%
EPS (Basic)	0.01	-0.03	0.05	0.02	0.06
EPS (Diluted)	0.01	-0.03	0.05	0.02	0.06
EPS Growth	-	-	150.00%	-66.67%	200.00%
Free Cash Flow	177.26	-268.24	-330.43	55.61	73.4
Free Cash Flow Per Share	0.16	-0.27	-0.34	0.06	0.08
Gross Margin	9.12%	8.58%	9.65%	10.47%	11.41%
Operating Margin	0.54%	-2.59%	-1.86%	0.12%	0.09%
Profit Margin	0.44%	-1.21%	1.81%	0.76%	2.30%
Free Cash Flow Margin	7.07%	-10.72%	-12.42%	2.15%	3.14%
EBITDA	29.34	-50.72	-32.59	21.37	32
EBITDA Margin	1.17%	-2.03%	-1.23%	0.83%	1.37%
D&A For EBITDA	15.83	14.11	16.81	18.25	29.82
EBIT	13.51	-64.83	-49.4	3.12	2.17
EBIT Margin	0.54%	-2.59%	-1.86%	0.12%	0.09%
Effective Tax Rate	-	-	10.09%	-	10.90%
Revenue as Reported	-	2,502	2,660	2,592	2,337
Advertising Expenses	-	-	-	0.4	0.27

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