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	Jun '26 Jun 30, 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	576.72	534.08	500.58	487.69	375.92	455.1
Other Revenue	26.56	27.53	26.23	24.59	28.37	40.16
Revenue	603.27	561.61	526.81	512.28	404.29	495.27
Revenue Growth	7.83%	6.60%	2.84%	26.71%	-18.37%	1.45%
Cost of Revenue	423.13	403.65	384.21	378.71	284.1	310.02
Gross Profit	180.14	157.95	142.61	133.57	120.19	185.25
Selling, General & Admin	50.21	47.81	45.63	41.88	49.65	64.87
Research & Development	25.66	22.24	24.53	24.43	22.11	26.1
Other Operating Expenses	2.15	1.29	-1.5	3.89	3.06	3.36
Operating Expenses	80.83	71.07	67.91	71.66	77.69	91.37
Operating Income	99.31	86.88	74.69	61.91	42.5	93.87
Interest Expense	-0.02	-0.07	-0.47	-0.45	-	-
Interest & Investment Income	12.54	13.44	16.37	17.62	18.62	9.98
Currency Exchange Gain (Loss)	-0.06	-0	0.01	0.01	0.02	-0.1
Other Non Operating Income (Expenses)	0.4	0.53	1.24	2.13	0.8	-0.13
EBT Excluding Unusual Items	112.16	100.79	91.84	81.23	61.94	103.62
Gain (Loss) on Sale of Investments	0.11	-0.03	-0.17	0.02	0.09	0.31
Gain (Loss) on Sale of Assets	0.18	0.06	0.13	0.21	0.05	0.51
Other Unusual Items	0.93	0.82	0.82	0.65	7.17	3.85
Pretax Income	113.39	101.64	92.62	82.11	69.24	108.29
Income Tax Expense	15.96	13.13	10.72	9.75	4.68	15.65
Net Income	97.43	88.51	81.9	72.36	64.57	92.65
Net Income to Common	97.43	88.51	81.9	72.36	64.57	92.65
Net Income Growth	12.12%	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	1.95%	0.86%	-0.97%	0.64%	14.04%	17.26%
EPS (Basic)	0.66	0.60	0.56	0.49	0.44	0.72
EPS (Diluted)	0.66	0.60	0.56	0.49	0.44	0.72
EPS Growth	9.98%	7.14%	14.29%	11.36%	-38.89%	-21.74%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	94.32	60.86	48.98	55.11	55.1	90.11
Free Cash Flow Per Share	0.64	0.41	0.34	0.37	0.38	0.70
Dividend Per Share	0.360	0.330	0.310	0.200	0.180	0.270
Dividend Growth	16.13%	6.45%	55.00%	11.11%	-33.33%	-
Gross Margin	29.86%	28.13%	27.07%	26.07%	29.73%	37.40%
Operating Margin	16.46%	15.47%	14.18%	12.09%	10.51%	18.95%
Profit Margin	16.15%	15.76%	15.55%	14.12%	15.97%	18.71%
Free Cash Flow Margin	15.63%	10.84%	9.30%	10.76%	13.63%	18.20%
EBITDA	110.61	98.2	88.54	75.28	55.69	106.03
EBITDA Margin	18.34%	17.49%	16.81%	14.70%	13.78%	21.41%
D&A For EBITDA	11.31	11.32	13.84	13.37	13.2	12.16
EBIT	99.31	86.88	74.69	61.91	42.5	93.87
EBIT Margin	16.46%	15.47%	14.18%	12.09%	10.51%	18.95%
Effective Tax Rate	14.07%	12.92%	11.57%	11.87%	6.76%	14.45%
Revenue as Reported	603.27	561.61	526.81	512.28	404.29	495.27