SHE:300620 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,396	964.4	685.02	623.24	651.87
Other Revenue	77.93	34.47	24.88	19.2	15.93
Revenue	1,474	998.87	709.9	642.44	667.8
Revenue Growth (YoY)	47.56%	40.71%	10.50%	-3.80%	35.84%
Cost of Revenue	984.86	677.5	469.42	408.33	389.99
Gross Profit	489.11	321.37	240.48	234.11	277.81
Selling, General & Admin	156.11	136.11	98.35	92.04	95.68
Research & Development	163.04	141.49	123.91	99.93	77.34
Other Operating Expenses	8.05	5.99	2.8	3.36	2.88
Operating Expenses	339.88	292.56	228.84	196.01	179.02
Operating Income	149.23	28.81	11.64	38.1	98.78
Interest Expense	-19.83	-8.2	-1.16	-1.23	-1.27
Interest & Investment Income	29.02	20.22	14.73	17.57	20.17
Currency Exchange Gain (Loss)	-12.19	-1.99	1.13	15.32	2.15
Other Non Operating Income (Expenses)	-1.4	-1.05	0.16	-0.78	-0.62
EBT Excluding Unusual Items	144.82	37.8	26.51	68.99	119.23
Gain (Loss) on Sale of Investments	0.63	0.09	-	-	-
Gain (Loss) on Sale of Assets	-1.39	-0.96	-0.18	-0.28	-0.06
Asset Writedown	-0.11	-0.29	-	-0.18	-0.02
Other Unusual Items	43.03	23.25	23.06	41.5	25.2
Pretax Income	186.98	59.89	49.39	110.02	144.34
Income Tax Expense	6.61	-12.6	-10.24	-7.78	13.53
Earnings From Continuing Operations	180.37	72.49	59.64	117.8	130.81
Minority Interest in Earnings	-3.7	-5.51	-	-	-
Net Income	176.67	66.98	59.64	117.8	130.81
Net Income to Common	176.67	66.98	59.64	117.8	130.81
Net Income Growth	163.76%	12.32%	-49.38%	-9.94%	120.94%
Shares Outstanding (Basic)	249	249	245	245	245
Shares Outstanding (Diluted)	253	249	245	246	245
Shares Change (YoY)	1.54%	1.47%	-0.32%	0.40%	-0.02%
EPS (Basic)	0.71	0.27	0.24	0.48	0.53
EPS (Diluted)	0.70	0.27	0.24	0.48	0.53
EPS Growth	159.75%	10.70%	-49.22%	-10.30%	120.99%
Free Cash Flow	118.5	34.98	-126.22	-198.16	-80.45
Free Cash Flow Per Share	0.47	0.14	-0.52	-0.81	-0.33
Dividend Per Share	0.200	0.100	-	0.133	0.133
Dividend Growth	100.00%	-	-	-	49.94%
Gross Margin	33.18%	32.17%	33.88%	36.44%	41.60%
Operating Margin	10.12%	2.88%	1.64%	5.93%	14.79%
Profit Margin	11.99%	6.71%	8.40%	18.34%	19.59%
Free Cash Flow Margin	8.04%	3.50%	-17.78%	-30.84%	-12.05%
EBITDA	233.37	100.82	69.99	74.81	132.2
EBITDA Margin	15.83%	10.09%	9.86%	11.64%	19.80%
D&A For EBITDA	84.14	72.01	58.35	36.71	33.42
EBIT	149.23	28.81	11.64	38.1	98.78
EBIT Margin	10.12%	2.88%	1.64%	5.93%	14.79%
Effective Tax Rate	3.54%	-	-	-	9.38%
Revenue as Reported	1,474	998.87	709.9	642.44	667.8
Advertising Expenses	4.44	2.74	1.82	1.35	1.33

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