SHE:300922 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	232.2	230.34	153.92	144.45	239.29
Other Revenue	-	0.2	0.66	3.45	1.73
Revenue	232.2	230.54	154.58	147.91	241.02
Revenue Growth (YoY)	0.72%	49.14%	4.51%	-38.63%	4.71%
Cost of Revenue	151	151.36	99.29	105.21	143.84
Gross Profit	81.2	79.18	55.29	42.7	97.18
Selling, General & Admin	30.01	29.52	14.74	11.81	12.66
Research & Development	11.89	8.15	8.79	9.95	10.22
Other Operating Expenses	0.38	-0.04	0.55	1.49	1.1
Operating Expenses	42.27	42.23	27.67	21.64	25.47
Operating Income	38.93	36.95	27.62	21.06	71.71
Interest & Investment Income	1.31	10.79	14.35	14.84	15.75
Currency Exchange Gain (Loss)	-	-	-0	0	-0
Other Non Operating Income (Expenses)	8.71	-0.02	-0.02	-0.02	-0.01
EBT Excluding Unusual Items	48.95	47.72	41.95	35.88	87.45
Impairment of Goodwill	-	-	-	-4.32	-
Gain (Loss) on Sale of Investments	0.78	0.02	0.03	0.73	-
Gain (Loss) on Sale of Assets	0	-	0.03	0.26	-0.02
Asset Writedown	-2.05	-0.26	-1.05	-	-
Other Unusual Items	-	-0.42	0.77	-1.61	5.85
Pretax Income	47.68	47.06	41.73	30.94	93.28
Income Tax Expense	5.33	5.38	9.54	4.05	12.61
Earnings From Continuing Operations	42.35	41.68	32.19	26.89	80.67
Minority Interest in Earnings	-0	-0	-	-	-
Net Income	42.34	41.68	32.19	26.89	80.67
Net Income to Common	42.34	41.68	32.19	26.89	80.67
Net Income Growth	1.59%	29.49%	19.70%	-66.66%	25.27%
Shares Outstanding (Basic)	156	154	153	158	158
Shares Outstanding (Diluted)	160	154	153	158	158
Shares Change (YoY)	3.78%	0.71%	-3.10%	0.01%	35.09%
EPS (Basic)	0.27	0.27	0.21	0.17	0.51
EPS (Diluted)	0.26	0.27	0.21	0.17	0.51
EPS Growth	-2.11%	28.57%	23.53%	-66.67%	-7.27%
Free Cash Flow	-23.17	-7.04	-23.11	6.76	44.88
Free Cash Flow Per Share	-0.14	-0.05	-0.15	0.04	0.28
Dividend Per Share	-	0.180	0.150	0.100	0.250
Dividend Growth	-	20.00%	50.00%	-60.00%	-
Gross Margin	34.97%	34.34%	35.77%	28.87%	40.32%
Operating Margin	16.77%	16.03%	17.87%	14.24%	29.75%
Profit Margin	18.24%	18.08%	20.82%	18.18%	33.47%
Free Cash Flow Margin	-9.98%	-3.05%	-14.95%	4.57%	18.62%
EBITDA	49.19	47.82	38.53	32.08	82.36
EBITDA Margin	21.18%	20.74%	24.93%	21.69%	34.17%
D&A For EBITDA	10.26	10.87	10.91	11.02	10.65
EBIT	38.93	36.95	27.62	21.06	71.71
EBIT Margin	16.77%	16.03%	17.87%	14.24%	29.75%
Effective Tax Rate	11.19%	11.43%	22.86%	13.08%	13.52%
Revenue as Reported	-	230.54	154.58	147.91	241.02

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