SHE:300539 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	938.58	733.81	653.67	637.69	646.85
Other Revenue	25.61	17.19	23.94	30.35	49.16
Revenue	964.19	751	677.61	668.04	696.02
Revenue Growth (YoY)	28.39%	10.83%	1.43%	-4.02%	20.38%
Cost of Revenue	773.37	591.1	540.76	536.79	575.9
Gross Profit	190.82	159.9	136.84	131.25	120.12
Selling, General & Admin	61.36	62.53	53.08	52.25	49.23
Research & Development	49.05	35.72	33.46	33.85	26.81
Other Operating Expenses	7.69	7.33	6.34	6.99	7.51
Operating Expenses	125.44	109.91	93.86	95.86	83.51
Operating Income	65.38	49.99	42.99	35.39	36.61
Interest Expense	-9.32	-12.24	-12.21	-13.75	-13.16
Interest & Investment Income	1.56	0.35	0.32	0.38	0.35
Currency Exchange Gain (Loss)	-0.77	0.95	1.93	3.12	-1.05
Other Non Operating Income (Expenses)	-0.29	-0.13	-0.49	0.4	-0.25
EBT Excluding Unusual Items	56.56	38.93	32.53	25.55	22.49
Gain (Loss) on Sale of Investments	0.58	-1.15	-0.29	-1.47	0.21
Gain (Loss) on Sale of Assets	0.03	0.08	-0.01	0.11	0.18
Asset Writedown	-0.06	-0.07	0	-0.05	0
Other Unusual Items	3.03	3.8	2.02	3.83	2.39
Pretax Income	60.14	41.59	34.24	27.97	25.28
Income Tax Expense	7.28	2.56	1.45	-0.19	3.68
Earnings From Continuing Operations	52.87	39.03	32.8	28.16	21.6
Minority Interest in Earnings	-0.11	-1.03	1.07	-0.21	0.46
Net Income	52.76	38	33.87	27.95	22.06
Net Income to Common	52.76	38	33.87	27.95	22.06
Net Income Growth	38.83%	12.18%	21.18%	26.74%	51.98%
Shares Outstanding (Basic)	240	224	226	215	221
Shares Outstanding (Diluted)	240	224	226	215	221
Shares Change (YoY)	7.27%	-1.01%	5.02%	-2.51%	6.38%
EPS (Basic)	0.22	0.17	0.15	0.13	0.10
EPS (Diluted)	0.22	0.17	0.15	0.13	0.10
EPS Growth	29.41%	13.33%	15.38%	30.00%	42.86%
Free Cash Flow	-44.53	-64.13	65.94	13.44	12.56
Free Cash Flow Per Share	-0.19	-0.29	0.29	0.06	0.06
Dividend Per Share	0.190	0.135	0.080	0.080	0.080
Dividend Growth	40.74%	68.75%	-	-	0.11%
Gross Margin	19.79%	21.29%	20.20%	19.65%	17.26%
Operating Margin	6.78%	6.66%	6.34%	5.30%	5.26%
Profit Margin	5.47%	5.06%	5.00%	4.18%	3.17%
Free Cash Flow Margin	-4.62%	-8.54%	9.73%	2.01%	1.80%
EBITDA	113.23	97.18	89.18	81.33	84.08
EBITDA Margin	11.74%	12.94%	13.16%	12.17%	12.08%
D&A For EBITDA	47.85	47.18	46.19	45.94	47.47
EBIT	65.38	49.99	42.99	35.39	36.61
EBIT Margin	6.78%	6.66%	6.34%	5.30%	5.26%
Effective Tax Rate	12.10%	6.15%	4.22%	-	14.56%
Revenue as Reported	964.19	751	677.61	668.04	696.02
Advertising Expenses	0.07	0	0.12	0.12	0.28

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