SHE:300821 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	Dec '21 Dec 31, 2021
Operating Revenue	3,770	5,066	4,745	6,647	4,268
Other Revenue	-	84.99	56.37	87.23	65.09
Revenue	3,770	5,151	4,801	6,734	4,333
Revenue Growth (YoY)	-26.80%	7.27%	-28.70%	55.40%	73.10%
Cost of Revenue	3,588	4,840	4,805	5,827	2,723
Gross Profit	182.58	310.78	-3.88	906.97	1,610
Selling, General & Admin	69.36	64.44	72.97	87.72	77.53
Research & Development	133.35	164.16	233.53	316.58	231.82
Other Operating Expenses	-24.05	-10.17	5.46	11.51	11.1
Operating Expenses	178.66	219.54	311.75	415.83	321.51
Operating Income	3.91	91.24	-315.63	491.14	1,289
Interest Expense	-	-	-0.02	-0.08	-0.13
Interest & Investment Income	1.55	10.92	18.95	30.26	42.96
Currency Exchange Gain (Loss)	-	5.9	-2.27	27.92	-7.48
Other Non Operating Income (Expenses)	-8.77	-1.09	-1.01	-5.81	-1.37
EBT Excluding Unusual Items	-3.31	106.97	-299.99	543.43	1,323
Gain (Loss) on Sale of Assets	-0.01	-0.27	0.02	0.14	-4.18
Asset Writedown	-16.27	-39.26	-4.03	-6.18	-15.11
Other Unusual Items	-	5.45	4.52	4.59	10.84
Pretax Income	-19.59	72.89	-298.99	542	1,315
Income Tax Expense	-	20.06	-27.43	31.01	164.05
Earnings From Continuing Operations	-19.59	52.83	-271.56	510.98	1,151
Minority Interest in Earnings	0.28	3.93	0.43	0.14	-
Net Income	-19.31	56.76	-271.12	511.12	1,151
Net Income to Common	-19.31	56.76	-271.12	511.12	1,151
Net Income Growth	-	-	-	-55.58%	309.87%
Shares Outstanding (Basic)	965	1,135	1,179	1,189	1,199
Shares Outstanding (Diluted)	965	1,135	1,179	1,189	1,199
Shares Change (YoY)	-14.95%	-3.70%	-0.83%	-0.83%	6.74%
EPS (Basic)	-0.02	0.05	-0.23	0.43	0.96
EPS (Diluted)	-0.02	0.05	-0.23	0.43	0.96
EPS Growth	-	-	-	-55.21%	284.00%
Free Cash Flow	193.78	199.64	-368.24	-438.45	-568.36
Free Cash Flow Per Share	0.20	0.18	-0.31	-0.37	-0.47
Dividend Per Share	-	0.015	-	0.100	0.380
Dividend Growth	-	-	-	-73.68%	204.00%
Gross Margin	4.84%	6.03%	-0.08%	13.47%	37.16%
Operating Margin	0.10%	1.77%	-6.57%	7.29%	29.74%
Profit Margin	-0.51%	1.10%	-5.65%	7.59%	26.55%
Free Cash Flow Margin	5.14%	3.88%	-7.67%	-6.51%	-13.12%
EBITDA	378.07	446.62	14.08	755.42	1,406
EBITDA Margin	10.03%	8.67%	0.29%	11.22%	32.45%
D&A For EBITDA	374.15	355.38	329.72	264.28	117.28
EBIT	3.91	91.24	-315.63	491.14	1,289
EBIT Margin	0.10%	1.77%	-6.57%	7.29%	29.74%
Effective Tax Rate	-	27.52%	-	5.72%	12.48%
Revenue as Reported	-	5,151	4,801	6,734	4,333

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