SHE:301020 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	545.29	534.08	500.58	487.69	375.92	455.1
Other Revenue	27.53	27.53	26.23	24.59	28.37	40.16
Revenue	572.82	561.61	526.81	512.28	404.29	495.27
Revenue Growth (YoY)	3.01%	6.60%	2.84%	26.71%	-18.37%	1.45%
Cost of Revenue	407.82	403.65	384.21	378.71	284.1	310.02
Gross Profit	165	157.95	142.61	133.57	120.19	185.25
Selling, General & Admin	48.22	47.81	45.63	41.88	49.65	64.87
Research & Development	22.94	22.24	24.53	24.43	22.11	26.1
Other Operating Expenses	1.53	1.29	-1.5	3.89	3.06	3.36
Operating Expenses	72.71	71.07	67.91	71.66	77.69	91.37
Operating Income	92.29	86.88	74.69	61.91	42.5	93.87
Interest Expense	-0.08	-0.07	-0.47	-0.45	-	-
Interest & Investment Income	12.82	13.44	16.37	17.62	18.62	9.98
Currency Exchange Gain (Loss)	-0	-0	0.01	0.01	0.02	-0.1
Other Non Operating Income (Expenses)	0.52	0.53	1.24	2.13	0.8	-0.13
EBT Excluding Unusual Items	105.55	100.79	91.84	81.23	61.94	103.62
Gain (Loss) on Sale of Investments	0.08	-0.03	-0.17	0.02	0.09	0.31
Gain (Loss) on Sale of Assets	0.02	0.06	0.13	0.21	0.05	0.51
Other Unusual Items	0.84	0.82	0.82	0.65	7.17	3.85
Pretax Income	106.49	101.64	92.62	82.11	69.24	108.29
Income Tax Expense	14.8	13.13	10.72	9.75	4.68	15.65
Net Income	91.69	88.51	81.9	72.36	64.57	92.65
Net Income to Common	91.69	88.51	81.9	72.36	64.57	92.65
Net Income Growth	6.05%	8.06%	13.18%	12.07%	-30.31%	-8.23%
Shares Outstanding (Basic)	148	148	146	148	147	129
Shares Outstanding (Diluted)	148	148	146	148	147	129
Shares Change (YoY)	0.94%	0.86%	-0.97%	0.64%	14.04%	17.26%
EPS (Basic)	0.62	0.60	0.56	0.49	0.44	0.72
EPS (Diluted)	0.62	0.60	0.56	0.49	0.44	0.72
EPS Growth	5.07%	7.14%	14.29%	11.36%	-38.89%	-21.74%
Free Cash Flow	125.73	60.86	48.98	55.11	55.1	90.11
Free Cash Flow Per Share	0.85	0.41	0.34	0.37	0.38	0.70
Dividend Per Share	0.330	0.330	0.310	0.200	0.180	0.270
Dividend Growth	6.45%	6.45%	55.00%	11.11%	-33.33%	-
Gross Margin	28.80%	28.13%	27.07%	26.07%	29.73%	37.40%
Operating Margin	16.11%	15.47%	14.18%	12.09%	10.51%	18.95%
Profit Margin	16.01%	15.76%	15.55%	14.12%	15.97%	18.71%
Free Cash Flow Margin	21.95%	10.84%	9.30%	10.76%	13.63%	18.20%
EBITDA	102.98	98.2	88.54	75.28	55.69	106.03
EBITDA Margin	17.98%	17.49%	16.81%	14.70%	13.78%	21.41%
D&A For EBITDA	10.69	11.32	13.84	13.37	13.2	12.16
EBIT	92.29	86.88	74.69	61.91	42.5	93.87
EBIT Margin	16.11%	15.47%	14.18%	12.09%	10.51%	18.95%
Effective Tax Rate	13.89%	12.92%	11.57%	11.87%	6.76%	14.45%
Revenue as Reported	572.82	561.61	526.81	512.28	404.29	495.27

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