SHE:301010 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	Mar '26 Mar 31, 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	831.53	861.51	1,114	1,149	898.32	909.04
Other Revenue	-	-	3.27	3.55	4.2	4.97
Revenue	831.53	861.51	1,117	1,152	902.52	914.02
Revenue Growth (YoY)	-25.23%	-22.90%	-3.01%	27.65%	-1.26%	18.28%
Cost of Revenue	719.15	743.39	953.83	979.84	737.36	722.32
Gross Profit	112.39	118.12	163.57	172.26	165.16	191.7
Selling, General & Admin	76.61	77.63	88.48	95.39	82.35	72.69
Research & Development	25.37	25.57	32.73	38.08	28.75	28.91
Other Operating Expenses	-3.98	-4.21	1.44	-7.82	-2.56	-1.06
Operating Expenses	98	98.99	138.18	134.76	127.95	101.25
Operating Income	14.39	19.13	25.39	37.5	37.21	90.46
Interest Expense	-	-	-2.39	-2.6	-1.76	-1.62
Interest & Investment Income	-	-	0.98	0.96	1.14	0.61
Currency Exchange Gain (Loss)	-	-	0.02	0.18	0.22	-0.1
Other Non Operating Income (Expenses)	-6.89	-10.04	5.3	1.94	-0.91	-0.53
EBT Excluding Unusual Items	7.5	9.09	29.3	37.98	35.9	88.82
Gain (Loss) on Sale of Investments	-0.62	-0.6	-1.24	-0.22	0.37	-4.13
Gain (Loss) on Sale of Assets	0.07	0.16	0.13	-	-	-
Asset Writedown	-2.49	-2.54	-	-0.03	-	-0
Other Unusual Items	-	-	2.77	5.29	6.07	-8.32
Pretax Income	4.46	6.11	30.96	43.02	42.34	76.36
Income Tax Expense	-3	-2.2	1.03	5	2.62	9.15
Earnings From Continuing Operations	7.46	8.31	29.94	38.02	39.72	67.21
Minority Interest in Earnings	0.02	0.03	0.01	0.17	0.03	-0.11
Net Income	7.48	8.34	29.95	38.19	39.76	67.1
Net Income to Common	7.48	8.34	29.95	38.19	39.76	67.1
Net Income Growth	-73.96%	-72.16%	-21.59%	-3.93%	-40.75%	11.45%
Shares Outstanding (Basic)	108	108	108	108	108	95
Shares Outstanding (Diluted)	108	108	108	108	108	95
Shares Change (YoY)	-0.07%	-0.01%	0.02%	-0.02%	14.28%	16.16%
EPS (Basic)	0.07	0.08	0.28	0.35	0.37	0.71
EPS (Diluted)	0.07	0.08	0.28	0.35	0.37	0.71
EPS Growth	-73.95%	-72.16%	-21.60%	-3.91%	-48.16%	-4.05%
Free Cash Flow	22.82	51.58	-52.48	10.28	-57.96	-80.39
Free Cash Flow Per Share	0.21	0.48	-0.49	0.10	-0.54	-0.85
Dividend Per Share	-	-	0.200	0.200	0.100	0.200
Dividend Growth	-	-	-	100.00%	-50.00%	-
Gross Margin	13.52%	13.71%	14.64%	14.95%	18.30%	20.97%
Operating Margin	1.73%	2.22%	2.27%	3.26%	4.12%	9.90%
Profit Margin	0.90%	0.97%	2.68%	3.31%	4.41%	7.34%
Free Cash Flow Margin	2.74%	5.99%	-4.70%	0.89%	-6.42%	-8.79%
EBITDA	35.76	40.41	46.32	58.65	51.63	105.2
EBITDA Margin	4.30%	4.69%	4.15%	5.09%	5.72%	11.51%
D&A For EBITDA	21.37	21.28	20.93	21.15	14.43	14.74
EBIT	14.39	19.13	25.39	37.5	37.21	90.46
EBIT Margin	1.73%	2.22%	2.27%	3.26%	4.12%	9.90%
Effective Tax Rate	-	-	3.32%	11.62%	6.19%	11.98%
Revenue as Reported	-	-	1,117	1,152	902.52	914.02

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