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	785.14	684.31	678.29	724.14	956.54
Other Revenue	-	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	521.76	477.17	492.06	518.36	718.47
Gross Profit	263.38	251.58	228.08	272.82	270.7
Selling, General & Admin	132.27	132.91	158.07	164.57	159.72
Research & Development	43.54	52.01	51.08	44.17	44.79
Other Operating Expenses	-10.83	-6.16	-11.98	-8.77	-10.06
Operating Expenses	164.99	189.88	199.22	205.5	208.26
Operating Income	98.39	61.7	28.86	67.32	62.44
Interest Expense	-	-0.19	-0.64	-	-0.36
Interest & Investment Income	0.63	25.86	7.92	4.46	13.34
Currency Exchange Gain (Loss)	-	3.4	2.63	10	-1.61
Other Non Operating Income (Expenses)	7.57	-0.84	0.92	-0.28	-5.9
EBT Excluding Unusual Items	106.6	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	-13.75	-0.31	-0.08	-0.43	-
Other Unusual Items	-	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	-	0.780	0.125	-	0.500
Dividend Growth	-	524.00%	-	-	400.00%
Gross Margin	33.55%	34.52%	31.67%	34.48%	27.37%
Operating Margin	12.53%	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	117.93	81.82	61.53	99.73	91.65
EBITDA Margin	15.02%	11.23%	8.54%	12.61%	9.27%
D&A For EBITDA	19.53	20.12	32.66	32.41	29.22
EBIT	98.39	61.7	28.86	67.32	62.44
EBIT Margin	12.53%	8.47%	4.01%	8.51%	6.31%
Effective Tax Rate	9.60%	9.18%	16.45%	6.69%	11.56%
Revenue as Reported	-	728.75	720.15	791.18	989.18

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