SHE:300920 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	421.91	403.41	357.28	387.34	498.5
Other Revenue	-	3.13	1.98	2.36	3
Revenue	421.91	406.55	359.26	389.7	501.5
Revenue Growth (YoY)	3.78%	13.16%	-7.81%	-22.29%	15.52%
Cost of Revenue	322.2	325.1	276.95	311.57	328.24
Gross Profit	99.71	81.45	82.32	78.13	173.26
Selling, General & Admin	55.13	49.94	39.98	45.14	43.31
Research & Development	11.76	15.34	11.03	21.9	22.86
Other Operating Expenses	3.63	3.41	2.88	3.47	4.61
Operating Expenses	70.52	69.78	59.38	68.72	71.71
Operating Income	29.19	11.67	22.94	9.41	101.55
Interest Expense	-	-1.54	-1.55	-4.35	-6.09
Interest & Investment Income	-	13.73	14.98	14.17	12.1
Currency Exchange Gain (Loss)	-	-1.34	-0.66	10.59	-1.64
Other Non Operating Income (Expenses)	3.64	0.19	-0.42	-0.3	-0.48
EBT Excluding Unusual Items	32.82	22.71	35.29	29.52	105.44
Gain (Loss) on Sale of Investments	-0.53	0	-	-	-
Gain (Loss) on Sale of Assets	-0.24	-0.03	0.02	0.03	0.59
Asset Writedown	-14.16	-2.03	-0.89	-0.4	-0.23
Other Unusual Items	-	0.49	3.51	9.54	9.59
Pretax Income	17.88	21.15	37.92	38.69	115.39
Income Tax Expense	-2.38	5.56	-1.26	5.22	25.32
Earnings From Continuing Operations	20.26	15.59	39.19	33.47	90.07
Minority Interest in Earnings	6.7	9.85	2.87	-	-
Net Income	26.97	25.44	42.05	33.47	90.07
Net Income to Common	26.97	25.44	42.05	33.47	90.07
Net Income Growth	6.01%	-39.51%	25.66%	-62.84%	-29.05%
Shares Outstanding (Basic)	100	102	100	101	100
Shares Outstanding (Diluted)	100	102	100	101	100
Shares Change (YoY)	-1.84%	1.62%	-1.27%	1.33%	33.22%
EPS (Basic)	0.27	0.25	0.42	0.33	0.90
EPS (Diluted)	0.27	0.25	0.42	0.33	0.90
EPS Growth	8.00%	-40.48%	27.27%	-63.33%	-46.75%
Free Cash Flow	-69.54	-69.97	-42.62	-42.83	-85.52
Free Cash Flow Per Share	-0.70	-0.69	-0.43	-0.42	-0.85
Dividend Per Share	-	0.100	0.200	-	0.800
Dividend Growth	-	-50.00%	-	-	100.00%
Gross Margin	23.63%	20.03%	22.91%	20.05%	34.55%
Operating Margin	6.92%	2.87%	6.38%	2.41%	20.25%
Profit Margin	6.39%	6.26%	11.71%	8.59%	17.96%
Free Cash Flow Margin	-16.48%	-17.21%	-11.86%	-10.99%	-17.05%
EBITDA	76.75	53.72	61.84	40.27	123.98
EBITDA Margin	18.19%	13.21%	17.21%	10.33%	24.72%
D&A For EBITDA	47.57	42.05	38.91	30.86	22.43
EBIT	29.19	11.67	22.94	9.41	101.55
EBIT Margin	6.92%	2.87%	6.38%	2.41%	20.25%
Effective Tax Rate	-	26.27%	-	13.50%	21.94%
Revenue as Reported	-	406.55	359.26	389.7	501.5
Advertising Expenses	-	0.18	0.07	0.58	2.1

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