SHE:300680 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	2,618	2,554	2,290	1,751	1,082	881.03
Other Revenue	38.02	91.62	107.4	75.55	66.4	48.67
Revenue	2,656	2,646	2,397	1,827	1,148	929.7
Revenue Growth	3.72%	10.37%	31.21%	59.11%	23.51%	60.83%
Cost of Revenue	2,218	2,208	1,978	1,517	937.08	716.24
Gross Profit	438.51	438.16	419.34	309.65	211.21	213.46
Selling, General & Admin	103.14	101.48	96.39	76.09	62.07	64.84
Research & Development	112.9	104.55	92.86	74.1	51.95	38.9
Other Operating Expenses	-23.22	-7.12	-18.59	0.1	1.8	-0.71
Operating Expenses	192.76	196.73	183.43	167.74	130.38	110
Operating Income	245.75	241.43	235.92	141.91	80.83	103.46
Interest Expense	-18.8	-32.56	-34.55	-24.95	-20.84	-9.43
Interest & Investment Income	-	1.81	6.32	17.26	5.62	5.03
Currency Exchange Gain (Loss)	0.09	-1.92	1.42	-0.85	-0.97	-0.73
Other Non Operating Income (Expenses)	-11.18	-0.7	2.78	4.22	0.94	1.39
EBT Excluding Unusual Items	215.87	208.06	211.88	137.6	65.58	99.72
Gain (Loss) on Sale of Investments	50.39	72.93	40.97	13.5	0.34	0.75
Gain (Loss) on Sale of Assets	0.04	0.04	0.23	0.22	-0.01	-0.06
Asset Writedown	-9.39	-2.63	-0.33	-0.01	-0	-
Other Unusual Items	6.96	10.2	5.34	14.05	6.23	9.42
Pretax Income	263.41	288.6	258.09	165.36	72.13	109.81
Income Tax Expense	30.17	36.71	28.55	16.72	-0.02	12.12
Earnings From Continuing Operations	233.24	251.89	229.54	148.64	72.15	97.69
Minority Interest in Earnings	-12.54	-11.59	-5.18	-1.81	3.43	-0.05
Net Income	220.69	240.3	224.36	146.82	75.57	97.65
Net Income to Common	220.69	240.3	224.36	146.82	75.57	97.65
Net Income Growth	-2.26%	7.10%	52.81%	94.28%	-22.60%	81.94%
Shares Outstanding (Basic)	293	296	297	299	269	264
Shares Outstanding (Diluted)	293	296	297	299	269	264
Shares Change	-1.31%	-0.25%	-0.61%	11.08%	1.62%	8.32%
EPS (Basic)	0.75	0.81	0.76	0.49	0.28	0.37
EPS (Diluted)	0.75	0.81	0.76	0.49	0.28	0.37
EPS Growth	-0.95%	7.37%	53.74%	74.89%	-23.84%	67.97%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Free Cash Flow	55.55	76.85	59.44	-143.43	-504.5	-184.25
Free Cash Flow Per Share	0.19	0.26	0.20	-0.48	-1.88	-0.70
Dividend Per Share	0.154	0.154	0.154	0.154	0.077	0.077
Dividend Growth	0%	0%	0%	100.00%	0%	40.07%
Gross Margin	16.51%	16.56%	17.49%	16.95%	18.39%	22.96%
Operating Margin	9.25%	9.12%	9.84%	7.77%	7.04%	11.13%
Profit Margin	8.31%	9.08%	9.36%	8.04%	6.58%	10.50%
Free Cash Flow Margin	2.09%	2.90%	2.48%	-7.85%	-43.94%	-19.82%
EBITDA	374.78	358.38	331.72	213.78	131.43	143.14
EBITDA Margin	14.11%	13.54%	13.84%	11.70%	11.45%	15.40%
D&A For EBITDA	129.03	116.95	95.81	71.87	50.6	39.68
EBIT	245.75	241.43	235.92	141.91	80.83	103.46
EBIT Margin	9.25%	9.12%	9.84%	7.77%	7.04%	11.13%
Effective Tax Rate	11.45%	12.72%	11.06%	10.11%	-	11.04%
Revenue as Reported	1,422	2,646	2,397	1,827	1,148	929.7