SHE:301020 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	561.61	500.58	487.69	375.92	455.1
Other Revenue	-	26.23	24.59	28.37	40.16
Revenue	561.61	526.81	512.28	404.29	495.27
Revenue Growth (YoY)	6.60%	2.84%	26.71%	-18.37%	1.45%
Cost of Revenue	387.7	384.21	378.71	284.1	310.02
Gross Profit	173.91	142.61	133.57	120.19	185.25
Selling, General & Admin	48.11	45.63	41.88	49.65	64.87
Research & Development	22.6	24.53	24.43	22.11	26.1
Other Operating Expenses	0.87	-1.5	3.89	3.06	3.36
Operating Expenses	71.58	67.91	71.66	77.69	91.37
Operating Income	102.33	74.69	61.91	42.5	93.87
Interest Expense	-	-0.47	-0.45	-	-
Interest & Investment Income	1.25	16.37	17.62	18.62	9.98
Currency Exchange Gain (Loss)	-	0.01	0.01	0.02	-0.1
Other Non Operating Income (Expenses)	13.34	1.24	2.13	0.8	-0.13
EBT Excluding Unusual Items	116.91	91.84	81.23	61.94	103.62
Gain (Loss) on Sale of Investments	-0.03	-0.17	0.02	0.09	0.31
Gain (Loss) on Sale of Assets	0.06	0.13	0.21	0.05	0.51
Asset Writedown	-15.3	-	-	-	-
Other Unusual Items	-	0.82	0.65	7.17	3.85
Pretax Income	101.64	92.62	82.11	69.24	108.29
Income Tax Expense	13.13	10.72	9.75	4.68	15.65
Net Income	88.51	81.9	72.36	64.57	92.65
Net Income to Common	88.51	81.9	72.36	64.57	92.65
Net Income Growth	8.06%	13.18%	12.07%	-30.31%	-8.23%
Shares Outstanding (Basic)	148	146	148	147	129
Shares Outstanding (Diluted)	148	146	148	147	129
Shares Change (YoY)	0.86%	-0.97%	0.64%	14.04%	17.26%
EPS (Basic)	0.60	0.56	0.49	0.44	0.72
EPS (Diluted)	0.60	0.56	0.49	0.44	0.72
EPS Growth	7.14%	14.29%	11.36%	-38.89%	-21.74%
Free Cash Flow	60.86	48.98	55.11	55.1	90.11
Free Cash Flow Per Share	0.41	0.34	0.37	0.38	0.70
Dividend Per Share	-	0.310	0.200	0.180	0.270
Dividend Growth	-	55.00%	11.11%	-33.33%	-
Gross Margin	30.97%	27.07%	26.07%	29.73%	37.40%
Operating Margin	18.22%	14.18%	12.09%	10.51%	18.95%
Profit Margin	15.76%	15.55%	14.12%	15.97%	18.71%
Free Cash Flow Margin	10.84%	9.30%	10.76%	13.63%	18.20%
EBITDA	114.23	87.72	75.28	55.69	106.03
EBITDA Margin	20.34%	16.65%	14.70%	13.78%	21.41%
D&A For EBITDA	11.9	13.03	13.37	13.2	12.16
EBIT	102.33	74.69	61.91	42.5	93.87
EBIT Margin	18.22%	14.18%	12.09%	10.51%	18.95%
Effective Tax Rate	12.92%	11.57%	11.87%	6.76%	14.45%
Revenue as Reported	-	526.81	512.28	404.29	495.27

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.