SHE:300828 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	492.21	480.85	593.66	673.76	511.82
Other Revenue	102.09	141.18	71.05	91.95	62.69
Revenue	594.3	622.02	664.71	765.71	574.5
Revenue Growth (YoY)	-4.46%	-6.42%	-13.19%	33.28%	55.91%
Cost of Revenue	498.88	507.98	520.22	599.23	432.4
Gross Profit	95.42	114.05	144.49	166.49	142.11
Selling, General & Admin	34.4	33.26	32.25	29.29	26.54
Research & Development	26.24	24.67	29.42	29.48	27.48
Other Operating Expenses	1.46	1.24	3.83	4.21	3.64
Operating Expenses	60.41	58.23	67.62	65.13	61.34
Operating Income	35.01	55.81	76.87	101.35	80.76
Interest Expense	-1.3	-0.61	-1.98	-1.13	-0.01
Interest & Investment Income	2.84	3.51	4.71	3.6	4.2
Currency Exchange Gain (Loss)	-2.08	1.16	0.16	3.93	-1.32
Other Non Operating Income (Expenses)	-0.16	-0.41	-0.64	-0.61	-0.66
EBT Excluding Unusual Items	34.31	59.46	79.12	107.13	82.98
Gain (Loss) on Sale of Investments	-	-	-	-	0.17
Gain (Loss) on Sale of Assets	0.03	-0.01	0	0.03	0.01
Other Unusual Items	0.77	0.96	4.3	2.43	2.07
Pretax Income	35.11	60.41	83.43	109.59	85.22
Income Tax Expense	2.51	5.11	8.06	12.35	9.52
Net Income	32.6	55.3	75.36	97.23	75.7
Net Income to Common	32.6	55.3	75.36	97.23	75.7
Net Income Growth	-41.06%	-26.62%	-22.49%	28.44%	15.14%
Shares Outstanding (Basic)	163	168	167	165	165
Shares Outstanding (Diluted)	163	168	167	168	165
Shares Change (YoY)	-2.74%	0.07%	-0.10%	1.87%	8.46%
EPS (Basic)	0.20	0.33	0.45	0.59	0.46
EPS (Diluted)	0.20	0.33	0.45	0.58	0.46
EPS Growth	-39.39%	-26.67%	-22.41%	26.09%	6.16%
Free Cash Flow	30.31	15.72	73.27	28.38	-14.08
Free Cash Flow Per Share	0.19	0.09	0.44	0.17	-0.09
Dividend Per Share	0.060	0.300	0.550	0.400	0.267
Dividend Growth	-80.00%	-45.45%	37.50%	49.98%	33.35%
Gross Margin	16.05%	18.34%	21.74%	21.74%	24.73%
Operating Margin	5.89%	8.97%	11.56%	13.24%	14.06%
Profit Margin	5.49%	8.89%	11.34%	12.70%	13.18%
Free Cash Flow Margin	5.10%	2.53%	11.02%	3.71%	-2.45%
EBITDA	65.53	87.87	109.88	132.82	111.13
EBITDA Margin	11.03%	14.13%	16.53%	17.35%	19.34%
D&A For EBITDA	30.52	32.05	33.01	31.47	30.36
EBIT	35.01	55.81	76.87	101.35	80.76
EBIT Margin	5.89%	8.97%	11.56%	13.24%	14.06%
Effective Tax Rate	7.16%	8.45%	9.66%	11.27%	11.17%
Revenue as Reported	594.3	622.02	664.71	765.71	574.5
Advertising Expenses	0.16	0.06	0.09	0.1	0.09

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