SHE:301008 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	1,138	1,020	876.59	819.11	759.79
Other Revenue	8.48	6.72	7.94	7.31	8.03
Revenue	1,147	1,027	884.53	826.42	767.82
Revenue Growth (YoY)	11.68%	16.09%	7.03%	7.63%	33.07%
Cost of Revenue	997.34	860.82	712.92	679.22	623.91
Gross Profit	149.42	166.05	171.61	147.2	143.92
Selling, General & Admin	84.64	73.72	49.42	50.69	47.07
Research & Development	47.08	44.38	40.16	34.2	31.82
Other Operating Expenses	-6.01	-3.89	-2.08	5.06	2.64
Operating Expenses	120.26	117.26	87.65	92.96	86.38
Operating Income	29.16	48.79	83.96	54.24	57.54
Interest Expense	-7.64	-16.53	-9.3	-2.11	-1.9
Interest & Investment Income	9.5	11.21	11.97	10.37	8.62
Currency Exchange Gain (Loss)	-1.21	0.81	0.72	1.79	-0.35
Other Non Operating Income (Expenses)	-1.03	1.31	1.45	-4.43	-0.11
EBT Excluding Unusual Items	28.79	45.59	88.8	59.86	63.8
Impairment of Goodwill	-	-0.04	-	-	-
Gain (Loss) on Sale of Investments	2.97	2.08	0.48	-0.23	-2.1
Gain (Loss) on Sale of Assets	0.17	0.03	-0.09	-0.04	-0.27
Asset Writedown	-0.15	-0.23	-0.05	-0.03	-0.02
Other Unusual Items	6.78	9.05	6.48	12.08	11.8
Pretax Income	38.55	56.48	95.63	71.64	73.2
Income Tax Expense	5.93	4.74	9.57	4.5	5.18
Earnings From Continuing Operations	32.62	51.74	86.05	67.14	68.03
Minority Interest in Earnings	0.22	0.72	-0.14	0.13	0.01
Net Income	32.84	52.47	85.91	67.26	68.04
Net Income to Common	32.84	52.47	85.91	67.26	68.04
Net Income Growth	-37.41%	-38.93%	27.72%	-1.14%	-16.93%
Shares Outstanding (Basic)	122	112	112	112	98
Shares Outstanding (Diluted)	122	112	112	112	98
Shares Change (YoY)	8.95%	0.05%	-0.47%	14.74%	16.45%
EPS (Basic)	0.27	0.47	0.77	0.60	0.70
EPS (Diluted)	0.27	0.47	0.77	0.60	0.70
EPS Growth	-42.55%	-38.96%	28.33%	-13.84%	-28.66%
Free Cash Flow	96.83	-35.04	-6.5	-91.85	-47.5
Free Cash Flow Per Share	0.80	-0.31	-0.06	-0.82	-0.49
Dividend Per Share	0.028	0.100	0.429	0.286	0.357
Dividend Growth	-72.00%	-76.67%	50.02%	-19.99%	-
Gross Margin	13.03%	16.17%	19.40%	17.81%	18.74%
Operating Margin	2.54%	4.75%	9.49%	6.56%	7.49%
Profit Margin	2.86%	5.11%	9.71%	8.14%	8.86%
Free Cash Flow Margin	8.44%	-3.41%	-0.73%	-11.11%	-6.19%
EBITDA	87.46	96.39	120.17	86.23	82.79
EBITDA Margin	7.63%	9.39%	13.59%	10.43%	10.78%
D&A For EBITDA	58.31	47.59	36.21	31.98	25.26
EBIT	29.16	48.79	83.96	54.24	57.54
EBIT Margin	2.54%	4.75%	9.49%	6.56%	7.49%
Effective Tax Rate	15.39%	8.39%	10.01%	6.28%	7.07%
Revenue as Reported	1,147	1,027	884.53	826.42	767.82

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