SHE:300921 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	559.6	552.95	587.76	586.32	558.23	571.4
Other Revenue	-	-	13.6	17.39	9.07	5.34
Revenue	559.6	552.95	601.36	603.71	567.3	576.73
Revenue Growth (YoY)	-0.30%	-8.05%	-0.39%	6.42%	-1.64%	16.50%
Cost of Revenue	363.8	362.68	422.37	410.01	360.19	381.55
Gross Profit	195.8	190.27	178.99	193.7	207.11	195.18
Selling, General & Admin	107.42	109.84	111.88	122.53	111.07	96.75
Research & Development	51.41	52.17	56.01	58.07	55.55	52.44
Other Operating Expenses	0.1	0.19	1.07	-1.06	-2.86	-3.75
Operating Expenses	158.93	162.21	175.22	181.36	166.23	147.24
Operating Income	36.87	28.06	3.78	12.34	40.89	47.94
Interest Expense	-	-	-1.63	-1.55	-1.57	-0.92
Interest & Investment Income	2.41	2.28	5.03	10.21	12.28	15.51
Currency Exchange Gain (Loss)	-	-	0.19	-0.19	0.85	-0.23
Other Non Operating Income (Expenses)	-11.92	-12.71	-0.25	-0.12	-0.03	-0.24
EBT Excluding Unusual Items	27.35	17.64	7.12	20.69	52.42	62.06
Gain (Loss) on Sale of Investments	10.68	11.61	10.69	8.91	6.58	0.27
Gain (Loss) on Sale of Assets	-	-	0.05	0.02	0.01	-0.22
Asset Writedown	-2.56	-2.55	-0.37	-0.51	-0.34	-
Other Unusual Items	-	-	1.61	4.33	1.25	4.06
Pretax Income	35.48	26.7	19.11	33.43	59.92	66.17
Income Tax Expense	6.57	6.38	1.82	-0.93	5.07	3.95
Earnings From Continuing Operations	28.91	20.32	17.29	34.36	54.85	62.22
Minority Interest in Earnings	0.8	0.83	1.01	3.16	2.46	0.6
Net Income	29.71	21.14	18.3	37.52	57.31	62.82
Net Income to Common	29.71	21.14	18.3	37.52	57.31	62.82
Net Income Growth	45.49%	15.52%	-51.22%	-34.52%	-8.78%	-17.42%
Shares Outstanding (Basic)	177	176	183	181	182	183
Shares Outstanding (Diluted)	177	176	183	181	182	183
Shares Change (YoY)	-2.70%	-3.74%	1.01%	-0.63%	-0.47%	32.46%
EPS (Basic)	0.17	0.12	0.10	0.21	0.31	0.34
EPS (Diluted)	0.17	0.12	0.10	0.21	0.31	0.34
EPS Growth	49.52%	20.00%	-51.71%	-34.11%	-8.34%	-37.66%
Free Cash Flow	21.22	29.63	0.63	10.86	56.76	16.91
Free Cash Flow Per Share	0.12	0.17	0.00	0.06	0.31	0.09
Dividend Per Share	-	-	0.071	0.143	0.143	0.164
Dividend Growth	-	-	-50.03%	-	-13.03%	-48.24%
Gross Margin	34.99%	34.41%	29.76%	32.09%	36.51%	33.84%
Operating Margin	6.59%	5.08%	0.63%	2.04%	7.21%	8.31%
Profit Margin	5.31%	3.82%	3.04%	6.22%	10.10%	10.89%
Free Cash Flow Margin	3.79%	5.36%	0.10%	1.80%	10.01%	2.93%
EBITDA	61.66	52.81	28.31	37.93	64.29	69.74
EBITDA Margin	11.02%	9.55%	4.71%	6.28%	11.33%	12.09%
D&A For EBITDA	24.8	24.74	24.54	25.59	23.41	21.79
EBIT	36.87	28.06	3.78	12.34	40.89	47.94
EBIT Margin	6.59%	5.08%	0.63%	2.04%	7.21%	8.31%
Effective Tax Rate	18.51%	23.89%	9.53%	-	8.47%	5.97%
Revenue as Reported	-	-	601.36	603.71	567.3	576.73

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