SHE:300838 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	955.79	926.67	1,109	1,012	687.47
Other Revenue	-	6.14	1.9	1.11	0.89
Revenue	955.79	932.81	1,111	1,013	688.36
Revenue Growth (YoY)	2.46%	-16.05%	9.71%	47.14%	46.53%
Cost of Revenue	797.29	765.66	844.57	770.46	499.6
Gross Profit	158.5	167.15	266.64	242.37	188.76
Selling, General & Admin	91.09	91.29	87.83	73.3	61.53
Research & Development	38.78	37.85	42.71	36.02	27.7
Other Operating Expenses	1.45	2.42	2.59	4.99	3.57
Operating Expenses	131.32	149.55	156.42	132.69	100.71
Operating Income	27.19	17.6	110.22	109.68	88.05
Interest Expense	-	-2.85	-1.52	-3.45	-1.15
Interest & Investment Income	-	0.99	2.46	11.37	4.91
Currency Exchange Gain (Loss)	-	0.52	0.55	1.12	-0.39
Other Non Operating Income (Expenses)	-37.41	-0.65	1.31	-2.09	-0.31
EBT Excluding Unusual Items	-10.22	15.61	113.01	116.64	91.11
Gain (Loss) on Sale of Investments	-2.27	-0.89	-0.42	-	2.13
Gain (Loss) on Sale of Assets	-0.37	0.32	-0.16	-0.47	-0.63
Asset Writedown	-25.37	-	-	-	-
Other Unusual Items	-	0.26	6.24	1.57	3.31
Pretax Income	-38.23	15.3	118.67	117.73	95.93
Income Tax Expense	-5.37	-0.46	11.61	10.92	10.66
Earnings From Continuing Operations	-32.86	15.76	107.06	106.81	85.27
Minority Interest in Earnings	5.25	2.57	-	-	-
Net Income	-27.61	18.33	107.06	106.81	85.27
Net Income to Common	-27.61	18.33	107.06	106.81	85.27
Net Income Growth	-	-82.88%	0.24%	25.26%	37.34%
Shares Outstanding (Basic)	138	141	137	137	135
Shares Outstanding (Diluted)	138	141	137	137	135
Shares Change (YoY)	-2.10%	2.75%	0.24%	1.17%	-0.73%
EPS (Basic)	-0.20	0.13	0.78	0.78	0.63
EPS (Diluted)	-0.20	0.13	0.78	0.78	0.63
EPS Growth	-	-83.33%	-	23.81%	38.35%
Free Cash Flow	-97.31	-29.94	-19.97	-64.49	-65.41
Free Cash Flow Per Share	-0.70	-0.21	-0.15	-0.47	-0.48
Dividend Per Share	-	0.150	0.250	0.250	0.200
Dividend Growth	-	-40.00%	-	25.00%	33.33%
Gross Margin	16.58%	17.92%	24.00%	23.93%	27.42%
Operating Margin	2.84%	1.89%	9.92%	10.83%	12.79%
Profit Margin	-2.89%	1.97%	9.63%	10.54%	12.39%
Free Cash Flow Margin	-10.18%	-3.21%	-1.80%	-6.37%	-9.50%
EBITDA	58.38	39.52	132.1	125.84	101.78
EBITDA Margin	6.11%	4.24%	11.89%	12.43%	14.79%
D&A For EBITDA	31.19	21.92	21.88	16.16	13.74
EBIT	27.19	17.6	110.22	109.68	88.05
EBIT Margin	2.84%	1.89%	9.92%	10.83%	12.79%
Effective Tax Rate	-	-	9.78%	9.28%	11.11%
Revenue as Reported	-	932.81	1,111	1,013	688.36

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