SHE:300400 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	727.98	684.31	678.29	724.14	956.54
Other Revenue	57.15	44.44	41.86	67.03	32.64
Revenue	785.14	728.75	720.15	791.18	989.18
Revenue Growth (YoY)	7.74%	1.19%	-8.98%	-20.02%	11.92%
Cost of Revenue	536.71	477.17	492.06	518.36	718.47
Gross Profit	248.43	251.58	228.08	272.82	270.7
Selling, General & Admin	130.91	132.91	158.07	164.57	159.72
Research & Development	43.54	52.01	51.08	44.17	44.79
Other Operating Expenses	-10.63	-6.16	-11.98	-8.77	-10.06
Operating Expenses	162.31	189.88	199.22	205.5	208.26
Operating Income	86.12	61.7	28.86	67.32	62.44
Interest Expense	-	-0.19	-0.64	-	-0.36
Interest & Investment Income	10.13	25.86	7.92	4.46	13.34
Currency Exchange Gain (Loss)	-4.28	3.4	2.63	10	-1.61
Other Non Operating Income (Expenses)	-0.1	-0.84	0.92	-0.28	-5.9
EBT Excluding Unusual Items	91.87	89.93	39.71	81.51	67.91
Gain (Loss) on Sale of Investments	-	-	-1.81	-	-
Gain (Loss) on Sale of Assets	0.05	-0	0	0.02	-0.32
Asset Writedown	-0.25	-0.31	-0.08	-0.43	-
Other Unusual Items	1.22	2.03	5.48	14.23	11.91
Pretax Income	92.89	91.65	43.3	95.32	79.5
Income Tax Expense	8.92	8.41	7.12	6.38	9.19
Earnings From Continuing Operations	83.98	83.24	36.18	88.94	70.31
Minority Interest in Earnings	-	-0.07	3.25	0.17	9.66
Net Income	83.98	83.17	39.42	89.1	79.98
Net Income to Common	83.98	83.17	39.42	89.1	79.98
Net Income Growth	0.97%	110.98%	-55.76%	11.41%	-34.84%
Shares Outstanding (Basic)	240	245	246	243	242
Shares Outstanding (Diluted)	240	245	246	245	242
Shares Change (YoY)	-1.92%	-0.71%	0.48%	1.17%	0.70%
EPS (Basic)	0.35	0.34	0.16	0.37	0.33
EPS (Diluted)	0.35	0.34	0.16	0.36	0.33
EPS Growth	2.94%	112.50%	-55.97%	10.12%	-35.29%
Free Cash Flow	190.69	120.03	94.58	122.78	4.91
Free Cash Flow Per Share	0.80	0.49	0.38	0.50	0.02
Dividend Per Share	0.410	0.780	0.125	-	0.500
Dividend Growth	-47.44%	524.00%	-	-	400.00%
Gross Margin	31.64%	34.52%	31.67%	34.48%	27.37%
Operating Margin	10.97%	8.47%	4.01%	8.51%	6.31%
Profit Margin	10.70%	11.41%	5.47%	11.26%	8.09%
Free Cash Flow Margin	24.29%	16.47%	13.13%	15.52%	0.50%
EBITDA	105.65	81.82	61.53	99.73	91.65
EBITDA Margin	13.46%	11.23%	8.54%	12.61%	9.27%
D&A For EBITDA	19.53	20.12	32.66	32.41	29.22
EBIT	86.12	61.7	28.86	67.32	62.44
EBIT Margin	10.97%	8.47%	4.01%	8.51%	6.31%
Effective Tax Rate	9.60%	9.18%	16.45%	6.69%	11.56%
Revenue as Reported	785.14	728.75	720.15	791.18	989.18

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