SHE:301023 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	241.75	253.68	279.09	173.64	182.8	206.08
Other Revenue	5.56	4.68	3.19	0.93	0.39	0.34
Revenue	247.31	258.36	282.27	174.57	183.19	206.43
Revenue Growth	-14.92%	-8.47%	61.69%	-4.70%	-11.26%	11.91%
Cost of Revenue	144.97	147.16	156.76	99.33	100.43	112.29
Gross Profit	102.34	111.2	125.51	75.25	82.76	94.14
Selling, General & Admin	26.08	27.09	23.13	17.72	15.74	14.22
Research & Development	14.25	16.04	13.2	9.27	9.86	9.84
Other Operating Expenses	2.92	2.79	2.46	1.25	2.43	1.04
Operating Expenses	43.14	45.03	41.6	28.81	28.22	25.88
Operating Income	59.2	66.16	83.91	46.43	54.54	68.26
Interest Expense	-0.54	-0.08	-0.04	-0.06	-0.01	-
Interest & Investment Income	13.88	15.75	21.68	9.38	9.61	5.68
Currency Exchange Gain (Loss)	-4.17	-1.52	1.94	-0.15	21.33	-3.58
Other Non Operating Income (Expenses)	-0.03	-0.1	-0.08	-0.07	-0.09	-0.1
EBT Excluding Unusual Items	68.33	80.22	107.4	55.53	85.38	70.27
Gain (Loss) on Sale of Investments	-1.64	-0.77	-1.18	-3.18	-1.01	3.04
Gain (Loss) on Sale of Assets	0.02	-	-	0.01	0	-
Asset Writedown	-0	-0	-0.01	-0.01	-0.01	-0.01
Other Unusual Items	1.62	1.49	0.37	1.47	7.67	2.18
Pretax Income	68.33	80.93	106.57	53.83	92.03	75.48
Income Tax Expense	8.94	10.34	13.59	7.4	12.79	9.95
Earnings From Continuing Operations	59.39	70.6	92.98	46.43	79.24	65.53
Minority Interest in Earnings	0.34	0.74	1.53	1.17	0.55	-
Net Income	59.73	71.34	94.51	47.61	79.78	65.53
Net Income to Common	59.73	71.34	94.51	47.61	79.78	65.53
Net Income Growth	-32.82%	-24.51%	98.51%	-40.33%	21.75%	-3.48%
Shares Outstanding (Basic)	92	93	93	93	94	80
Shares Outstanding (Diluted)	92	93	93	93	94	80
Shares Change	-1.92%	-0.48%	-0.05%	-1.47%	17.47%	13.66%
EPS (Basic)	0.65	0.77	1.02	0.51	0.85	0.82
EPS (Diluted)	0.65	0.77	1.02	0.51	0.85	0.82
EPS Growth	-31.98%	-24.59%	98.61%	-39.43%	3.64%	-15.08%

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	68.42	73.31	26.59	3.89	36.28	37.53
Free Cash Flow Per Share	0.74	0.79	0.29	0.04	0.38	0.47
Dividend Per Share	0.650	0.750	0.893	0.554	0.602	0.278
Dividend Growth	-28.16%	-16.00%	61.29%	-8.09%	116.81%	-
Gross Margin	41.38%	43.04%	44.47%	43.10%	45.18%	45.60%
Operating Margin	23.94%	25.61%	29.73%	26.60%	29.77%	33.07%
Profit Margin	24.15%	27.61%	33.48%	27.27%	43.55%	31.74%
Free Cash Flow Margin	27.66%	28.38%	9.42%	2.23%	19.81%	18.18%
EBITDA	68.47	75.06	92.01	53.18	59.66	73.25
EBITDA Margin	27.69%	29.05%	32.60%	30.46%	32.56%	35.49%
D&A For EBITDA	9.27	8.9	8.1	6.75	5.11	4.99
EBIT	59.2	66.16	83.91	46.43	54.54	68.26
EBIT Margin	23.94%	25.61%	29.73%	26.60%	29.77%	33.07%
Effective Tax Rate	13.08%	12.77%	12.75%	13.74%	13.90%	13.19%
Revenue as Reported	247.31	258.36	282.27	174.57	183.19	206.43