SHE:300722 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	435.56	433.29	381.11	334.23	283.63
Other Revenue	11.59	11.8	7.5	6.52	9.67
Revenue	447.15	445.08	388.61	340.75	293.31
Revenue Growth (YoY)	0.46%	14.53%	14.04%	16.17%	20.44%
Cost of Revenue	243.63	255.69	206.24	183.04	151.25
Gross Profit	203.52	189.39	182.37	157.71	142.06
Selling, General & Admin	61.78	53.41	50.95	47.22	44.2
Research & Development	42.81	38.81	42.3	33.63	30.87
Other Operating Expenses	1.72	1.99	2.62	1.02	-0.79
Operating Expenses	111.31	98.45	99.17	84.92	74.77
Operating Income	92.21	90.95	83.2	72.79	67.28
Interest Expense	-0.03	-0.04	-0.02	-0.03	-
Interest & Investment Income	1.07	1.82	1.89	1.85	1.44
Earnings From Equity Investments	-1.04	-0.08	-0.05	-0.04	-0.08
Currency Exchange Gain (Loss)	0.04	-	-	-	-
Other Non Operating Income (Expenses)	0.06	-0.97	-0.54	-0.16	-0.09
EBT Excluding Unusual Items	92.3	91.67	84.48	74.41	68.54
Impairment of Goodwill	-	-1.56	-1.12	-	-
Gain (Loss) on Sale of Assets	-0.06	-	0	-0.04	0.05
Asset Writedown	-0.37	-0.03	-0.02	-0.08	-0.18
Legal Settlements	-4.05	-	-	-	-
Other Unusual Items	2.76	-1.5	0.77	-0.22	1.25
Pretax Income	90.59	88.58	84.11	74.07	69.67
Income Tax Expense	7.98	10.9	9.26	8.16	7.08
Earnings From Continuing Operations	82.61	77.68	74.86	65.91	62.59
Minority Interest in Earnings	-0.13	1.5	0.87	0.48	-0.45
Net Income	82.48	79.18	75.73	66.39	62.14
Net Income to Common	82.48	79.18	75.73	66.39	62.14
Net Income Growth	4.17%	4.56%	14.07%	6.84%	26.29%
Shares Outstanding (Basic)	275	273	280	275	280
Shares Outstanding (Diluted)	275	273	280	275	280
Shares Change (YoY)	0.70%	-2.65%	2.11%	-1.78%	0.49%
EPS (Basic)	0.30	0.29	0.27	0.24	0.22
EPS (Diluted)	0.30	0.29	0.27	0.24	0.22
EPS Growth	3.45%	7.41%	11.71%	8.78%	25.68%
Free Cash Flow	61.44	59	74.44	42.22	46.05
Free Cash Flow Per Share	0.22	0.22	0.27	0.15	0.17
Dividend Per Share	0.180	0.180	0.133	0.104	0.107
Dividend Growth	-	35.03%	27.93%	-2.89%	-7.26%
Gross Margin	45.51%	42.55%	46.93%	46.28%	48.43%
Operating Margin	20.62%	20.43%	21.41%	21.36%	22.94%
Profit Margin	18.45%	17.79%	19.49%	19.48%	21.19%
Free Cash Flow Margin	13.74%	13.26%	19.16%	12.39%	15.70%
EBITDA	112.43	108.47	101.14	87.08	80.85
EBITDA Margin	25.14%	24.37%	26.03%	25.56%	27.57%
D&A For EBITDA	20.23	17.52	17.94	14.29	13.57
EBIT	92.21	90.95	83.2	72.79	67.28
EBIT Margin	20.62%	20.43%	21.41%	21.36%	22.94%
Effective Tax Rate	8.81%	12.30%	11.00%	11.02%	10.16%
Revenue as Reported	447.15	445.08	388.61	340.75	293.31
Advertising Expenses	0.68	0.2	0.26	0.28	-

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