SHE:301007 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	641.11	687.32	643.93	573.63	508.95
Other Revenue	2.69	3.13	2.72	2.52	3.2
Revenue	643.8	690.44	646.65	576.14	512.15
Revenue Growth (YoY)	-6.76%	6.77%	12.24%	12.50%	15.38%
Cost of Revenue	511.05	556.14	515.13	458.42	396.09
Gross Profit	132.75	134.3	131.53	117.73	116.06
Selling, General & Admin	47.7	47.88	42.73	36.57	37.12
Research & Development	32.04	29.69	29.77	28.55	27.12
Other Operating Expenses	4.49	3.81	2.82	5.74	4.22
Operating Expenses	83.32	79.77	76.73	73.01	68.25
Operating Income	49.42	54.54	54.8	44.71	47.82
Interest Expense	-1.89	-2.07	-2.84	-3.72	-5.48
Interest & Investment Income	2.09	2.04	1.73	1.22	0.65
Currency Exchange Gain (Loss)	1.45	1	2.14	3.54	-2.62
Other Non Operating Income (Expenses)	-0.11	-0.17	-0.28	-0.16	-0.93
EBT Excluding Unusual Items	50.96	55.34	55.56	45.6	39.44
Gain (Loss) on Sale of Assets	-0.11	-0.08	0.02	-0.03	0.01
Asset Writedown	-0.54	-0.84	-0	-0.06	-0
Other Unusual Items	5.08	3.96	2.23	4.77	14.36
Pretax Income	55.4	58.38	57.81	50.28	53.8
Income Tax Expense	3.72	4.4	4.46	3.36	4.39
Net Income	51.68	53.98	53.35	46.92	49.41
Net Income to Common	51.68	53.98	53.35	46.92	49.41
Net Income Growth	-4.25%	1.18%	13.71%	-5.05%	-2.64%
Shares Outstanding (Basic)	152	154	152	151	134
Shares Outstanding (Diluted)	152	154	152	151	134
Shares Change (YoY)	-1.44%	1.18%	0.71%	13.33%	15.78%
EPS (Basic)	0.34	0.35	0.35	0.31	0.37
EPS (Diluted)	0.34	0.35	0.35	0.31	0.37
EPS Growth	-2.86%	-	12.90%	-16.22%	-15.91%
Free Cash Flow	77.96	65.68	17.32	49.47	-81.21
Free Cash Flow Per Share	0.51	0.43	0.11	0.33	-0.61
Dividend Per Share	0.070	0.230	0.150	0.150	0.100
Dividend Growth	-69.56%	53.33%	-	50.00%	-
Gross Margin	20.62%	19.45%	20.34%	20.43%	22.66%
Operating Margin	7.68%	7.90%	8.48%	7.76%	9.34%
Profit Margin	8.03%	7.82%	8.25%	8.14%	9.65%
Free Cash Flow Margin	12.11%	9.51%	2.68%	8.59%	-15.86%
EBITDA	104.77	109.38	105.44	89.06	87.17
EBITDA Margin	16.27%	15.84%	16.30%	15.46%	17.02%
D&A For EBITDA	55.35	54.85	50.63	44.34	39.36
EBIT	49.42	54.54	54.8	44.71	47.82
EBIT Margin	7.68%	7.90%	8.48%	7.76%	9.34%
Effective Tax Rate	6.71%	7.54%	7.71%	6.69%	8.16%
Revenue as Reported	643.8	690.44	646.65	576.14	512.15

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