SHE:300922 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	Jun '26 Jun 30, 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	176.06	232.1	230.34	153.92	144.45	239.29
Other Revenue	0.1	0.1	0.2	0.66	3.45	1.73
Revenue	176.16	232.2	230.54	154.58	147.91	241.02
Revenue Growth	-28.90%	0.72%	49.14%	4.51%	-38.63%	4.71%
Cost of Revenue	116.2	153.06	151.36	99.29	105.21	143.84
Gross Profit	59.96	79.13	79.18	55.29	42.7	97.18
Selling, General & Admin	33.43	30	29.52	14.74	11.81	12.66
Research & Development	11.81	11.89	8.15	8.79	9.95	10.22
Other Operating Expenses	0.19	0.47	-0.04	0.55	1.49	1.1
Operating Expenses	40.78	37.71	42.23	27.67	21.64	25.47
Operating Income	19.18	41.43	36.95	27.62	21.06	71.71
Interest Expense	-0.02	-0.02	-	-	-	-
Interest & Investment Income	15.08	9.41	10.79	14.35	14.84	15.75
Currency Exchange Gain (Loss)	-	-	-	-0	0	-0
Other Non Operating Income (Expenses)	6.55	-0.05	-0.02	-0.02	-0.02	-0.01
EBT Excluding Unusual Items	40.8	50.77	47.72	41.95	35.88	87.45
Impairment of Goodwill	-	-	-	-	-4.32	-
Gain (Loss) on Sale of Investments	1.72	0.78	0.02	0.03	0.73	-
Gain (Loss) on Sale of Assets	0	0	-	0.03	0.26	-0.02
Asset Writedown	-0.01	-0.01	-0.26	-1.05	-	-
Other Unusual Items	-3.86	-3.86	-0.42	0.77	-1.61	5.85
Pretax Income	38.65	47.68	47.06	41.73	30.94	93.28
Income Tax Expense	4.27	5.33	5.38	9.54	4.05	12.61
Earnings From Continuing Operations	34.38	42.35	41.68	32.19	26.89	80.67
Minority Interest in Earnings	0.58	-0	-0	-	-	-
Net Income	34.96	42.34	41.68	32.19	26.89	80.67
Net Income to Common	34.96	42.34	41.68	32.19	26.89	80.67
Net Income Growth	-17.00%	1.59%	29.49%	19.70%	-66.66%	25.27%
Shares Outstanding (Basic)	158	156	156	153	158	158
Shares Outstanding (Diluted)	160	160	160	153	158	158
Shares Change	-2.89%	0.01%	4.51%	-3.10%	0.01%	35.09%
EPS (Basic)	0.22	0.27	0.27	0.21	0.17	0.51
EPS (Diluted)	0.22	0.26	0.26	0.21	0.17	0.51
EPS Growth	-14.54%	1.58%	23.91%	23.53%	-66.67%	-7.27%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	15.88	-23.17	-7.04	-23.11	6.76	44.88
Free Cash Flow Per Share	0.10	-0.14	-0.04	-0.15	0.04	0.28
Dividend Per Share	0.200	0.200	0.180	0.150	0.100	0.250
Dividend Growth	11.11%	11.11%	20.00%	50.00%	-60.00%	0%
Gross Margin	34.03%	34.08%	34.34%	35.77%	28.87%	40.32%
Operating Margin	10.89%	17.84%	16.03%	17.87%	14.24%	29.75%
Profit Margin	19.85%	18.24%	18.08%	20.82%	18.18%	33.47%
Free Cash Flow Margin	9.01%	-9.98%	-3.05%	-14.95%	4.57%	18.62%
EBITDA	29.75	51.68	47.84	38.53	32.08	82.36
EBITDA Margin	16.89%	22.26%	20.75%	24.93%	21.69%	34.17%
D&A For EBITDA	10.57	10.26	10.89	10.91	11.02	10.65
EBIT	19.18	41.43	36.95	27.62	21.06	71.71
EBIT Margin	10.89%	17.84%	16.03%	17.87%	14.24%	29.75%
Effective Tax Rate	11.04%	11.19%	11.43%	22.86%	13.08%	13.52%
Revenue as Reported	232.2	232.2	230.54	154.58	147.91	241.02