SHE:300822 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	Mar '26 Mar 31, 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	762.93	801.73	815.55	835.71	964.72	1,063
Other Revenue	36.68	36.68	35.83	31.13	29.07	17.6
Revenue	799.61	838.41	851.38	866.84	993.78	1,081
Revenue Growth (YoY)	-7.53%	-1.52%	-1.78%	-12.77%	-8.07%	22.03%
Cost of Revenue	614.76	642.65	659.95	683.77	841.49	847.02
Gross Profit	184.86	195.76	191.43	183.07	152.29	233.96
Selling, General & Admin	109.53	113.75	101.63	89.24	70.03	52.87
Research & Development	53.32	51.98	45.32	48.66	45.04	48.94
Other Operating Expenses	4.3	4.94	2.48	2.51	3.92	4.77
Operating Expenses	166.27	172.03	152.61	133.75	118.69	109.05
Operating Income	18.59	23.73	38.82	49.31	33.6	124.91
Interest Expense	-0.49	-0.6	-0.96	-1.55	-1.52	-1.04
Interest & Investment Income	24.42	4.76	8.72	8.87	9.97	7.67
Currency Exchange Gain (Loss)	-5.09	-5.09	6.05	1.75	25.21	-5.77
Other Non Operating Income (Expenses)	-3.14	-0.01	-0.28	-1.17	-0.32	-0.27
EBT Excluding Unusual Items	34.27	22.78	52.34	57.21	66.95	125.5
Impairment of Goodwill	-	-	-	-12.81	-10.83	-
Gain (Loss) on Sale of Investments	0.46	-	-1.16	-	-3.81	-
Gain (Loss) on Sale of Assets	2.59	2.58	0.61	0.06	-0.82	0.02
Asset Writedown	-28.78	-28.78	-7.56	-0.25	-0.35	-0
Other Unusual Items	1.77	1.77	-1.67	-	5.67	9.67
Pretax Income	10.31	-1.64	42.56	44.21	56.81	135.19
Income Tax Expense	2.05	3.11	6.58	10.87	14.67	10.04
Earnings From Continuing Operations	8.26	-4.75	35.98	33.34	42.14	125.15
Minority Interest in Earnings	15.39	16.93	19.27	14.27	3.24	2.24
Net Income	23.66	12.17	55.25	47.61	45.38	127.39
Net Income to Common	23.66	12.17	55.25	47.61	45.38	127.39
Net Income Growth	-51.84%	-77.97%	16.06%	4.90%	-64.38%	-24.67%
Shares Outstanding (Basic)	310	310	310	312	312	312
Shares Outstanding (Diluted)	310	310	310	312	312	312
Shares Change (YoY)	-0.01%	-0.14%	-0.37%	-0.11%	-0.03%	6.91%
EPS (Basic)	0.08	0.04	0.18	0.15	0.15	0.41
EPS (Diluted)	0.08	0.04	0.18	0.15	0.15	0.41
EPS Growth	-51.84%	-77.94%	16.49%	5.02%	-64.36%	-29.54%
Free Cash Flow	21.61	29.1	11.07	177.36	33.42	-358.54
Free Cash Flow Per Share	0.07	0.09	0.04	0.57	0.11	-1.15
Dividend Per Share	0.030	0.030	0.100	0.077	0.077	0.077
Dividend Growth	-70.00%	-70.00%	30.04%	-	-	-55.00%
Gross Margin	23.12%	23.35%	22.48%	21.12%	15.32%	21.64%
Operating Margin	2.32%	2.83%	4.56%	5.69%	3.38%	11.55%
Profit Margin	2.96%	1.45%	6.49%	5.49%	4.57%	11.79%
Free Cash Flow Margin	2.70%	3.47%	1.30%	20.46%	3.36%	-33.17%
EBITDA	67.44	71.09	80.21	92.03	69.44	147.77
EBITDA Margin	8.43%	8.48%	9.42%	10.62%	6.99%	13.67%
D&A For EBITDA	48.85	47.36	41.38	42.72	35.84	22.86
EBIT	18.59	23.73	38.82	49.31	33.6	124.91
EBIT Margin	2.32%	2.83%	4.56%	5.69%	3.38%	11.55%
Effective Tax Rate	19.87%	-	15.46%	24.59%	25.82%	7.43%
Revenue as Reported	799.61	838.41	851.38	866.84	993.78	1,081

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