SHE:300479 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	899.93	910.6	413.12	379.63	363.99
Other Revenue	-	0.92	1.48	-	2.15
Revenue	899.93	911.52	414.59	379.63	366.14
Revenue Growth (YoY)	-1.27%	119.86%	9.21%	3.68%	-2.52%
Cost of Revenue	634.94	690.66	282	258.65	257.43
Gross Profit	264.99	220.86	132.59	120.97	108.71
Selling, General & Admin	140.65	129.6	120.66	109.59	118.62
Research & Development	85.63	83.26	85.15	65.55	59.57
Other Operating Expenses	-3.42	0.33	-1.38	-2.54	-2.33
Operating Expenses	222.86	223.98	217.65	178.64	191.14
Operating Income	42.13	-3.12	-85.06	-57.67	-82.43
Interest Expense	-	-2.91	-2.88	-3.01	-5.38
Interest & Investment Income	-	2.39	3.34	1.85	0.64
Earnings From Equity Investments	-	-	-	-0	0.05
Other Non Operating Income (Expenses)	-14.65	-0.08	-1.84	-0.18	-0.96
EBT Excluding Unusual Items	27.48	-3.71	-86.44	-59.02	-88.08
Impairment of Goodwill	-	-	-	-69.26	-101.92
Gain (Loss) on Sale of Investments	-	-	-0.63	-	-
Gain (Loss) on Sale of Assets	-0.07	-0.06	0.06	0.36	0.05
Asset Writedown	-16.37	-0.01	-0.16	-0	-0.03
Other Unusual Items	-	8.79	10.99	7.63	9.71
Pretax Income	11.04	5	-76.19	-120.29	-180.26
Income Tax Expense	-1.72	-5.14	-1.8	-1.67	-3.81
Earnings From Continuing Operations	12.76	10.14	-74.39	-118.62	-176.46
Minority Interest in Earnings	4.03	6.16	5.06	2.79	11.56
Net Income	16.79	16.3	-69.33	-115.83	-164.89
Net Income to Common	16.79	16.3	-69.33	-115.83	-164.89
Net Income Growth	2.99%	-	-	-	-
Shares Outstanding (Basic)	187	204	198	197	174
Shares Outstanding (Diluted)	187	204	198	197	174
Shares Change (YoY)	-8.45%	2.87%	0.53%	13.14%	2.74%
EPS (Basic)	0.09	0.08	-0.35	-0.59	-0.95
EPS (Diluted)	0.09	0.08	-0.35	-0.59	-0.95
EPS Growth	12.50%	-	-	-	-
Free Cash Flow	122.79	-43.35	187.72	-18.27	31.3
Free Cash Flow Per Share	0.66	-0.21	0.95	-0.09	0.18
Gross Margin	29.45%	24.23%	31.98%	31.87%	29.69%
Operating Margin	4.68%	-0.34%	-20.52%	-15.19%	-22.51%
Profit Margin	1.87%	1.79%	-16.72%	-30.51%	-45.03%
Free Cash Flow Margin	13.64%	-4.76%	45.28%	-4.81%	8.55%
EBITDA	64.98	6.98	-67.24	-39.44	-65.31
EBITDA Margin	7.22%	0.77%	-16.22%	-10.39%	-17.84%
D&A For EBITDA	22.86	10.1	17.82	18.23	17.12
EBIT	42.13	-3.12	-85.06	-57.67	-82.43
EBIT Margin	4.68%	-0.34%	-20.52%	-15.19%	-22.51%
Revenue as Reported	-	911.52	414.59	379.63	366.14

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