SHE:300965 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	200.51	178.83	-82.92	182.95	190.91
Other Revenue	-	1.2	1.15	0.83	0.04
Revenue	200.51	180.02	-81.77	183.78	190.96
Revenue Growth (YoY)	11.38%	-	-	-3.76%	-10.65%
Cost of Revenue	107.69	102.92	76.59	83.95	79.41
Gross Profit	92.82	77.1	-158.36	99.83	111.55
Selling, General & Admin	34.58	32.56	32.43	34.77	29.71
Research & Development	29.3	23.27	30	18.38	20.95
Other Operating Expenses	2.58	2.34	-1.91	2.35	1.52
Operating Expenses	66.46	71.06	25.19	83.79	55.94
Operating Income	26.36	6.05	-183.55	16.03	55.61
Interest Expense	-	-0.01	-0	-0	-0.01
Interest & Investment Income	11.14	15.17	21.19	21.1	11.06
Other Non Operating Income (Expenses)	3.56	-0.01	-0.02	-0.03	0
EBT Excluding Unusual Items	41.06	21.2	-162.37	37.1	66.66
Gain (Loss) on Sale of Investments	7.39	4.71	2.55	0.2	-
Gain (Loss) on Sale of Assets	-0.05	0.07	0.01	-	0.05
Asset Writedown	-12.33	-0	-0	-0.34	-0.01
Other Unusual Items	-	0.79	3.43	0.73	12.9
Pretax Income	36.07	26.77	-156.38	37.69	79.6
Income Tax Expense	0	0.03	11.03	4.58	11.73
Net Income	36.07	26.74	-167.41	33.12	67.87
Net Income to Common	36.07	26.74	-167.41	33.12	67.87
Net Income Growth	34.87%	-	-	-51.20%	-30.49%
Shares Outstanding (Basic)	60	60	60	60	56
Shares Outstanding (Diluted)	60	60	60	60	56
Shares Change (YoY)	0.00%	-0.00%	-0.01%	6.68%	25.00%
EPS (Basic)	0.60	0.45	-2.79	0.55	1.21
EPS (Diluted)	0.60	0.45	-2.79	0.55	1.21
EPS Growth	34.87%	-	-	-54.26%	-44.39%
Free Cash Flow	57.32	-38.04	-50.03	6.56	41.6
Free Cash Flow Per Share	0.95	-0.63	-0.83	0.11	0.74
Dividend Per Share	-	0.380	-	0.075	0.205
Dividend Growth	-	-	-	-63.41%	-31.67%
Gross Margin	46.29%	42.83%	-	54.32%	58.41%
Operating Margin	13.14%	3.36%	-	8.72%	29.12%
Profit Margin	17.99%	14.85%	-	18.02%	35.54%
Free Cash Flow Margin	28.59%	-21.13%	-	3.57%	21.79%
EBITDA	37.66	17.29	-172.5	26.28	60.28
EBITDA Margin	18.78%	9.61%	-	14.30%	31.57%
D&A For EBITDA	11.31	11.25	11.05	10.25	4.68
EBIT	26.36	6.05	-183.55	16.03	55.61
EBIT Margin	13.14%	3.36%	-	8.72%	29.12%
Effective Tax Rate	0.01%	0.11%	-	12.14%	14.74%
Revenue as Reported	-	180.02	-81.77	183.78	190.96
Advertising Expenses	-	1.64	0.95	1.32	1.04

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.