SHE:300389 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	4,134	3,643	3,997	2,782	2,323
Other Revenue	23.86	19.2	9.08	13.69	4.78
Revenue	4,158	3,663	4,006	2,796	2,328
Revenue Growth (YoY)	13.53%	-8.58%	43.29%	20.09%	41.78%
Cost of Revenue	2,872	2,678	2,846	1,917	1,756
Gross Profit	1,286	984.83	1,160	878.98	572.43
Selling, General & Admin	831.12	758.72	691.11	560.53	467.28
Research & Development	182.47	166.47	162.2	124.73	107.61
Other Operating Expenses	19.04	4.9	12.16	4.59	7.19
Operating Expenses	1,037	930.46	854.84	710.67	583.57
Operating Income	249.3	54.37	305.39	168.31	-11.14
Interest Expense	-1.28	-1.2	-1.69	-2.71	-1.87
Interest & Investment Income	38.91	20.45	19.92	17.09	13.92
Currency Exchange Gain (Loss)	-9.81	25.12	0.73	2.74	-4.21
Other Non Operating Income (Expenses)	-6.37	-3.13	-4.7	-2.61	-2.13
EBT Excluding Unusual Items	270.74	95.61	319.64	182.82	-5.43
Gain (Loss) on Sale of Investments	-0.96	-0.38	0.16	-0.24	-1.25
Gain (Loss) on Sale of Assets	0.07	0.23	0.54	2.24	0.54
Asset Writedown	-1.03	-0.31	-0.2	-0.4	-0.19
Other Unusual Items	12.08	16.22	17.13	25.37	21.76
Pretax Income	280.9	111.37	337.27	209.8	15.44
Income Tax Expense	35.4	8.69	27.81	6.17	-14.33
Earnings From Continuing Operations	245.5	102.69	309.46	203.63	29.77
Minority Interest in Earnings	6.37	14.21	6.29	-0.61	0.17
Net Income	251.87	116.89	315.74	203.02	29.94
Net Income to Common	251.87	116.89	315.74	203.02	29.94
Net Income Growth	115.47%	-62.98%	55.53%	578.03%	-
Shares Outstanding (Basic)	369	366	362	340	314
Shares Outstanding (Diluted)	369	366	367	342	315
Shares Change (YoY)	0.82%	-0.31%	7.43%	8.72%	0.17%
EPS (Basic)	0.68	0.32	0.87	0.60	0.10
EPS (Diluted)	0.68	0.32	0.86	0.59	0.10
EPS Growth	113.72%	-62.86%	44.77%	523.63%	-
Free Cash Flow	768.43	74.23	323.78	493.66	173.21
Free Cash Flow Per Share	2.08	0.20	0.88	1.44	0.55
Dividend Per Share	0.200	0.150	0.300	1.800	-
Dividend Growth	33.33%	-50.00%	-83.33%	-	-
Gross Margin	30.94%	26.89%	28.96%	31.44%	24.59%
Operating Margin	6.00%	1.48%	7.62%	6.02%	-0.48%
Profit Margin	6.06%	3.19%	7.88%	7.26%	1.29%
Free Cash Flow Margin	18.48%	2.03%	8.08%	17.66%	7.44%
EBITDA	331.27	138.2	364.52	224.94	53.41
EBITDA Margin	7.97%	3.77%	9.10%	8.04%	2.29%
D&A For EBITDA	81.97	83.83	59.14	56.63	64.55
EBIT	249.3	54.37	305.39	168.31	-11.14
EBIT Margin	6.00%	1.48%	7.62%	6.02%	-0.48%
Effective Tax Rate	12.60%	7.80%	8.25%	2.94%	-
Revenue as Reported	4,158	3,663	4,006	2,796	2,328

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