SHE:300537 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	481.58	516.64	509.34	496.64	615.43
Other Revenue	-	1.59	0.6	1.23	3.47
Revenue	481.58	518.23	509.94	497.87	618.9
Revenue Growth (YoY)	-7.07%	1.63%	2.42%	-19.56%	-17.82%
Cost of Revenue	320.4	328.09	337.37	376.61	456.95
Gross Profit	161.18	190.14	172.56	121.27	161.96
Selling, General & Admin	99.15	103.09	101.01	125.36	161.39
Research & Development	21.03	23.56	29.17	33.37	46.1
Other Operating Expenses	4.51	4.23	3.32	5.7	5.03
Operating Expenses	124.68	144.32	137.48	162.08	228.31
Operating Income	36.5	45.82	35.08	-40.82	-66.35
Interest Expense	-	-5.6	-6.98	-5.03	-6.63
Interest & Investment Income	0.44	3.09	1.63	0.97	1
Currency Exchange Gain (Loss)	-	0.03	0.13	0.2	-0.04
Other Non Operating Income (Expenses)	-6.59	0.23	-4.35	0.23	-2.37
EBT Excluding Unusual Items	30.35	43.57	25.51	-44.44	-74.4
Impairment of Goodwill	-	-29.91	-28	-	-339.12
Gain (Loss) on Sale of Investments	0.88	-0.55	1.16	0.17	-5.22
Gain (Loss) on Sale of Assets	-0.93	-1.34	4.91	0.06	-0.11
Asset Writedown	-11.13	-3.34	-0.2	-0.57	-14.52
Other Unusual Items	-	-3.71	6.4	4.75	10.01
Pretax Income	19.17	4.73	9.78	-40.04	-423.37
Income Tax Expense	5.54	34.73	0.95	-0.94	-7.96
Earnings From Continuing Operations	13.62	-30.01	8.83	-39.1	-415.4
Minority Interest in Earnings	0.06	-2.06	-1.93	7.11	4.84
Net Income	13.68	-32.07	6.9	-31.99	-410.56
Net Income to Common	13.68	-32.07	6.9	-31.99	-410.56
Shares Outstanding (Basic)	200	200	194	188	193
Shares Outstanding (Diluted)	201	200	194	188	193
Shares Change (YoY)	0.21%	3.32%	2.96%	-2.38%	-0.13%
EPS (Basic)	0.07	-0.16	0.04	-0.17	-2.13
EPS (Diluted)	0.07	-0.16	0.04	-0.17	-2.13
Free Cash Flow	48.86	-54.92	-32.48	-20.4	-10.27
Free Cash Flow Per Share	0.24	-0.27	-0.17	-0.11	-0.05
Gross Margin	33.47%	36.69%	33.84%	24.36%	26.17%
Operating Margin	7.58%	8.84%	6.88%	-8.20%	-10.72%
Profit Margin	2.84%	-6.19%	1.35%	-6.42%	-66.34%
Free Cash Flow Margin	10.15%	-10.60%	-6.37%	-4.10%	-1.66%
EBITDA	67.81	79.22	57.23	-11.58	-35.46
EBITDA Margin	14.08%	15.29%	11.22%	-2.33%	-5.73%
D&A For EBITDA	31.31	33.4	22.16	29.23	30.89
EBIT	36.5	45.82	35.08	-40.82	-66.35
EBIT Margin	7.58%	8.84%	6.88%	-8.20%	-10.72%
Effective Tax Rate	28.92%	735.06%	9.72%	-	-
Revenue as Reported	-	518.23	509.94	497.87	618.9
Advertising Expenses	-	0.71	1.62	0.85	1.21

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