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	534.08	500.58	487.69	375.92	455.1
Other Revenue	27.53	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	403.65	384.21	378.71	284.1	310.02
Gross Profit	157.95	142.61	133.57	120.19	185.25
Selling, General & Admin	47.81	45.63	41.88	49.65	64.87
Research & Development	22.24	24.53	24.43	22.11	26.1
Other Operating Expenses	1.29	-1.5	3.89	3.06	3.36
Operating Expenses	71.07	67.91	71.66	77.69	91.37
Operating Income	86.88	74.69	61.91	42.5	93.87
Interest Expense	-0.07	-0.47	-0.45	-	-
Interest & Investment Income	13.44	16.37	17.62	18.62	9.98
Currency Exchange Gain (Loss)	-0	0.01	0.01	0.02	-0.1
Other Non Operating Income (Expenses)	0.53	1.24	2.13	0.8	-0.13
EBT Excluding Unusual Items	100.79	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
Other Unusual Items	0.82	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	0.330	0.310	0.200	0.180	0.270
Dividend Growth	6.45%	55.00%	11.11%	-33.33%	-
Gross Margin	28.13%	27.07%	26.07%	29.73%	37.40%
Operating Margin	15.47%	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	98.2	88.54	75.28	55.69	106.03
EBITDA Margin	17.49%	16.81%	14.70%	13.78%	21.41%
D&A For EBITDA	11.32	13.84	13.37	13.2	12.16
EBIT	86.88	74.69	61.91	42.5	93.87
EBIT Margin	15.47%	14.18%	12.09%	10.51%	18.95%
Effective Tax Rate	12.92%	11.57%	11.87%	6.76%	14.45%
Revenue as Reported	561.61	526.81	512.28	404.29	495.27

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