SHE:300478 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	391.75	381.36	387.03	363.31	386.46
Other Revenue	-	2.41	1.53	4.49	0.67
Revenue	391.75	383.77	388.56	367.81	387.13
Revenue Growth (YoY)	2.08%	-1.23%	5.64%	-4.99%	-5.85%
Cost of Revenue	381.11	368.67	367.08	340.38	354.13
Gross Profit	10.64	15.1	21.48	27.42	33
Selling, General & Admin	17.61	14.25	21.74	31.35	35.48
Research & Development	16.49	18.64	23.89	19.62	22.05
Other Operating Expenses	-3.78	-2.75	1.42	1.73	2.05
Operating Expenses	30.33	30.38	47.04	51.14	60.41
Operating Income	-19.68	-15.28	-25.56	-23.72	-27.41
Interest Expense	-	-8.19	-9.54	-11.3	-10.7
Interest & Investment Income	-	0.05	3.42	0.29	0.07
Other Non Operating Income (Expenses)	-5.31	-0.01	58.02	3.07	64.11
EBT Excluding Unusual Items	-25	-23.43	26.34	-31.67	26.07
Gain (Loss) on Sale of Investments	-2.65	-1.89	-0.02	-1.21	-3.98
Gain (Loss) on Sale of Assets	-0.06	-0.28	0	11.34	0.78
Asset Writedown	-3.27	-0.51	-2.07	-0.01	-8.97
Other Unusual Items	-	1.77	-0.6	-0.11	0.87
Pretax Income	-30.98	-24.34	23.65	-21.65	14.76
Income Tax Expense	-	-	-0	-	0
Earnings From Continuing Operations	-30.98	-24.34	23.65	-21.65	14.76
Minority Interest in Earnings	3.62	-	-	-	0.05
Net Income	-27.35	-24.34	23.65	-21.65	14.81
Net Income to Common	-27.35	-24.34	23.65	-21.65	14.81
Shares Outstanding (Basic)	127	127	127	127	123
Shares Outstanding (Diluted)	127	127	127	127	123
Shares Change (YoY)	0.01%	0.02%	-0.03%	2.64%	-2.23%
EPS (Basic)	-0.22	-0.19	0.19	-0.17	0.12
EPS (Diluted)	-0.22	-0.19	0.19	-0.17	0.12
Free Cash Flow	-35.39	-2.93	-42.39	-35.48	-75.59
Free Cash Flow Per Share	-0.28	-0.02	-0.34	-0.28	-0.61
Gross Margin	2.72%	3.94%	5.53%	7.46%	8.53%
Operating Margin	-5.02%	-3.98%	-6.58%	-6.45%	-7.08%
Profit Margin	-6.98%	-6.34%	6.09%	-5.89%	3.83%
Free Cash Flow Margin	-9.03%	-0.76%	-10.91%	-9.65%	-19.52%
EBITDA	0.08	-0.72	-10.87	-8.3	-9.61
EBITDA Margin	0.02%	-0.19%	-2.80%	-2.26%	-2.48%
D&A For EBITDA	19.76	14.56	14.69	15.42	17.8
EBIT	-19.68	-15.28	-25.56	-23.72	-27.41
EBIT Margin	-5.02%	-3.98%	-6.58%	-6.45%	-7.08%
Effective Tax Rate	-	-	-	-	0.00%
Revenue as Reported	-	383.77	388.56	367.81	387.13

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