SHE:300508 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	Dec '21 Dec 31, 2021
Operating Revenue	538.91	465.21	440.96	386.82	412.68
Other Revenue	6.97	0.48	0.3	0.7	0.8
Revenue	545.89	465.69	441.26	387.52	413.49
Revenue Growth (YoY)	17.22%	5.53%	13.87%	-6.28%	97.61%
Cost of Revenue	253.02	191.23	179.73	174.05	195.31
Gross Profit	292.87	274.46	261.53	213.47	218.17
Selling, General & Admin	111.67	102.08	97.74	64.13	73.5
Research & Development	108.58	113.53	125.71	109.09	95.91
Other Operating Expenses	-6.54	-6.65	-9.04	-15.1	-7.45
Operating Expenses	216.21	209.13	213.74	159.34	162.51
Operating Income	76.66	65.33	47.79	54.13	55.67
Interest Expense	-1.84	-0.52	-0.58	-0.49	-0.32
Interest & Investment Income	19.72	6.31	1.48	4.05	9.44
Currency Exchange Gain (Loss)	-0.09	0.1	0.06	0.74	-0.17
Other Non Operating Income (Expenses)	-0.02	7.93	-0.02	-0.02	0.5
EBT Excluding Unusual Items	94.43	79.14	48.72	58.41	65.11
Impairment of Goodwill	-	-	-7.6	-	-
Gain (Loss) on Sale of Investments	-13.29	7.12	-4.52	-7.55	-0.85
Gain (Loss) on Sale of Assets	6.47	6.5	0.03	0.04	-0.1
Other Unusual Items	4.1	2.6	3.12	-0.06	-
Pretax Income	91.71	95.36	39.75	50.84	64.16
Income Tax Expense	4.14	0.08	0.52	1.83	5.46
Earnings From Continuing Operations	87.57	95.28	39.23	49.01	58.7
Minority Interest in Earnings	0.24	0.14	0.3	1.59	0.41
Net Income	87.81	95.42	39.53	50.6	59.11
Net Income to Common	87.81	95.42	39.53	50.6	59.11
Net Income Growth	-7.98%	141.38%	-21.87%	-14.39%	103.25%
Shares Outstanding (Basic)	108	109	109	109	109
Shares Outstanding (Diluted)	109	109	109	109	109
Shares Change (YoY)	-0.77%	0.21%	0.12%	0.01%	0.01%
EPS (Basic)	0.81	0.87	0.36	0.46	0.54
EPS (Diluted)	0.81	0.87	0.36	0.46	0.54
EPS Growth	-7.26%	140.87%	-21.97%	-14.40%	103.23%
Free Cash Flow	72.45	66.98	61.29	-9.04	-27.03
Free Cash Flow Per Share	0.67	0.61	0.56	-0.08	-0.25
Dividend Per Share	0.161	0.188	0.080	0.088	0.124
Dividend Growth	-14.36%	135.00%	-9.09%	-29.15%	338.87%
Gross Margin	53.65%	58.94%	59.27%	55.08%	52.76%
Operating Margin	14.04%	14.03%	10.83%	13.97%	13.46%
Profit Margin	16.09%	20.49%	8.96%	13.06%	14.29%
Free Cash Flow Margin	13.27%	14.38%	13.89%	-2.33%	-6.54%
EBITDA	98.61	87.47	65.57	61.51	63.32
EBITDA Margin	18.07%	18.78%	14.86%	15.87%	15.31%
D&A For EBITDA	21.95	22.14	17.78	7.38	7.65
EBIT	76.66	65.33	47.79	54.13	55.67
EBIT Margin	14.04%	14.03%	10.83%	13.97%	13.46%
Effective Tax Rate	4.52%	0.09%	1.32%	3.60%	8.51%
Revenue as Reported	545.89	465.69	441.26	387.52	413.49
Advertising Expenses	2.88	2.61	3.17	-	-

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