SHE:301016 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	360.93	364.45	344.69	335.4	450.34	497.9
Other Revenue	20.69	20.69	21.34	12.21	-	12.33
Revenue	381.62	385.13	366.03	347.61	450.34	510.23
Revenue Growth (YoY)	3.93%	5.22%	5.30%	-22.81%	-11.74%	9.29%
Cost of Revenue	244.63	244.92	226.47	235.54	280.49	294.58
Gross Profit	136.99	140.21	139.56	112.08	169.85	215.65
Selling, General & Admin	41.85	42.15	48	42.59	47.05	46.76
Research & Development	21.73	22.33	23.65	20.81	23.47	20.9
Other Operating Expenses	3.22	3.28	3.36	2.22	6.27	4.95
Operating Expenses	69.18	70.14	75.74	67.01	77.73	73.63
Operating Income	67.8	70.07	63.82	45.06	92.13	142.02
Interest Expense	-0.35	-0.35	-1.02	-0.95	-0.13	-1.39
Interest & Investment Income	10.67	10.4	13.94	13.84	10.29	4.5
Currency Exchange Gain (Loss)	0.74	0.74	-0.06	0.88	0.13	-1.33
Other Non Operating Income (Expenses)	-0.37	0.01	-0.07	-0.08	0.04	-0.16
EBT Excluding Unusual Items	78.49	80.86	76.6	58.74	102.46	143.65
Gain (Loss) on Sale of Investments	0.04	0.04	0.33	-	-	-
Gain (Loss) on Sale of Assets	0.39	0.07	0.04	-0.08	-	-
Asset Writedown	0.31	-0.05	-0.13	0.03	-	-0.11
Other Unusual Items	0.4	0.4	1.61	1.88	3.06	5.66
Pretax Income	79.63	81.31	78.46	60.58	105.51	149.2
Income Tax Expense	9.93	10.58	11.34	6.35	14.7	22.3
Earnings From Continuing Operations	69.69	70.73	67.13	54.23	90.81	126.9
Minority Interest in Earnings	0.04	0.09	0.13	-	-	-
Net Income	69.74	70.82	67.25	54.23	90.81	126.9
Net Income to Common	69.74	70.82	67.25	54.23	90.81	126.9
Net Income Growth	4.81%	5.30%	24.02%	-40.28%	-28.44%	10.90%
Shares Outstanding (Basic)	306	306	306	304	304	267
Shares Outstanding (Diluted)	307	306	306	304	304	267
Shares Change (YoY)	11.82%	0.07%	0.72%	-0.26%	13.93%	16.39%
EPS (Basic)	0.23	0.23	0.22	0.18	0.30	0.47
EPS (Diluted)	0.23	0.23	0.22	0.18	0.30	0.47
EPS Growth	-6.27%	5.23%	23.12%	-40.13%	-37.19%	-4.71%
Free Cash Flow	-3.98	7.48	32.98	-41.64	100.99	113.21
Free Cash Flow Per Share	-0.01	0.02	0.11	-0.14	0.33	0.42
Dividend Per Share	0.107	0.107	0.429	0.130	0.086	0.059
Dividend Growth	-75.01%	-75.01%	230.97%	50.06%	46.52%	-
Gross Margin	35.90%	36.41%	38.13%	32.24%	37.72%	42.27%
Operating Margin	17.77%	18.19%	17.44%	12.96%	20.46%	27.83%
Profit Margin	18.27%	18.39%	18.37%	15.60%	20.16%	24.87%
Free Cash Flow Margin	-1.04%	1.94%	9.01%	-11.98%	22.43%	22.19%
EBITDA	86.75	89.32	84.3	62.88	108.54	154.52
EBITDA Margin	22.73%	23.19%	23.03%	18.09%	24.10%	30.29%
D&A For EBITDA	18.94	19.25	20.48	17.81	16.41	12.5
EBIT	67.8	70.07	63.82	45.06	92.13	142.02
EBIT Margin	17.77%	18.19%	17.44%	12.96%	20.46%	27.83%
Effective Tax Rate	12.47%	13.01%	14.45%	10.49%	13.94%	14.95%
Revenue as Reported	385.13	385.13	366.03	347.61	450.34	510.23

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