SHE:301016 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	364.45	344.69	335.4	450.34	497.9
Other Revenue	20.69	21.34	12.21	-	12.33
Revenue	385.13	366.03	347.61	450.34	510.23
Revenue Growth (YoY)	5.22%	5.30%	-22.81%	-11.74%	9.29%
Cost of Revenue	244.92	226.47	235.54	280.49	294.58
Gross Profit	140.21	139.56	112.08	169.85	215.65
Selling, General & Admin	42.15	48	42.59	47.05	46.76
Research & Development	22.33	23.65	20.81	23.47	20.9
Other Operating Expenses	3.28	3.36	2.22	6.27	4.95
Operating Expenses	70.14	75.74	67.01	77.73	73.63
Operating Income	70.07	63.82	45.06	92.13	142.02
Interest Expense	-0.35	-1.02	-0.95	-0.13	-1.39
Interest & Investment Income	10.4	13.94	13.84	10.29	4.5
Currency Exchange Gain (Loss)	0.74	-0.06	0.88	0.13	-1.33
Other Non Operating Income (Expenses)	0.01	-0.07	-0.08	0.04	-0.16
EBT Excluding Unusual Items	80.86	76.6	58.74	102.46	143.65
Gain (Loss) on Sale of Investments	0.04	0.33	-	-	-
Gain (Loss) on Sale of Assets	0.07	0.04	-0.08	-	-
Asset Writedown	-0.05	-0.13	0.03	-	-0.11
Other Unusual Items	0.4	1.61	1.88	3.06	5.66
Pretax Income	81.31	78.46	60.58	105.51	149.2
Income Tax Expense	10.58	11.34	6.35	14.7	22.3
Earnings From Continuing Operations	70.73	67.13	54.23	90.81	126.9
Minority Interest in Earnings	0.09	0.13	-	-	-
Net Income	70.82	67.25	54.23	90.81	126.9
Net Income to Common	70.82	67.25	54.23	90.81	126.9
Net Income Growth	5.30%	24.02%	-40.28%	-28.44%	10.90%
Shares Outstanding (Basic)	218	218	217	217	191
Shares Outstanding (Diluted)	219	218	217	217	191
Shares Change (YoY)	0.10%	0.69%	-0.25%	13.92%	16.41%
EPS (Basic)	0.32	0.31	0.25	0.42	0.66
EPS (Diluted)	0.32	0.31	0.25	0.42	0.66
EPS Growth	5.20%	23.16%	-40.13%	-37.18%	-4.73%
Free Cash Flow	7.48	32.98	-41.64	100.99	113.21
Free Cash Flow Per Share	0.03	0.15	-0.19	0.46	0.59
Dividend Per Share	0.150	0.600	0.181	0.121	0.082
Dividend Growth	-75.00%	230.94%	49.96%	46.72%	-
Gross Margin	36.41%	38.13%	32.24%	37.72%	42.27%
Operating Margin	18.19%	17.44%	12.96%	20.46%	27.83%
Profit Margin	18.39%	18.37%	15.60%	20.16%	24.87%
Free Cash Flow Margin	1.94%	9.01%	-11.98%	22.43%	22.19%
EBITDA	89.32	84.3	62.88	108.54	154.52
EBITDA Margin	23.19%	23.03%	18.09%	24.10%	30.29%
D&A For EBITDA	19.25	20.48	17.81	16.41	12.5
EBIT	70.07	63.82	45.06	92.13	142.02
EBIT Margin	18.19%	17.44%	12.96%	20.46%	27.83%
Effective Tax Rate	13.01%	14.45%	10.49%	13.94%	14.95%
Revenue as Reported	385.13	366.03	347.61	450.34	510.23

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