SHE:301049 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	195.23	290.38	263.55	211.09	226.22
Other Revenue	-	0.16	0.01	-	-
Revenue	195.23	290.55	263.56	211.09	226.22
Revenue Growth (YoY)	-32.81%	10.24%	24.86%	-6.69%	-26.44%
Cost of Revenue	258.7	280.38	297.16	196.12	120.17
Gross Profit	-63.47	10.17	-33.6	14.96	106.05
Selling, General & Admin	39.27	49.35	45.51	27	22.46
Research & Development	13.75	14.13	18.86	9.13	10.45
Other Operating Expenses	4.42	8.88	7.67	3.55	2.8
Operating Expenses	57.44	73.71	77.52	45.67	31.06
Operating Income	-120.91	-63.54	-111.12	-30.71	75
Interest Expense	-	-8.49	-4.54	-4.31	-5.44
Interest & Investment Income	-	0.24	1.39	3.91	2.72
Other Non Operating Income (Expenses)	-10.83	-2.97	-3.11	-3.01	-0.3
EBT Excluding Unusual Items	-131.74	-74.77	-117.38	-34.13	71.97
Gain (Loss) on Sale of Assets	-	-0.19	-0.15	-	-0.23
Asset Writedown	-11.38	-2.59	-9.62	-1.63	-
Legal Settlements	-	-	-	-0.02	-
Other Unusual Items	-	6.19	13.44	8.35	21.41
Pretax Income	-143.11	-71.35	-113.71	-27.43	93.15
Income Tax Expense	1.26	0	6.89	-5.81	7.48
Earnings From Continuing Operations	-144.37	-71.35	-120.6	-21.63	85.67
Minority Interest in Earnings	3.19	2.01	0.78	-	-
Net Income	-141.18	-69.34	-119.82	-21.63	85.67
Net Income to Common	-141.18	-69.34	-119.82	-21.63	85.67
Net Income Growth	-	-	-	-	-39.49%
Shares Outstanding (Basic)	94	94	94	94	79
Shares Outstanding (Diluted)	94	94	94	94	79
Shares Change (YoY)	0.45%	-0.68%	0.34%	19.63%	11.03%
EPS (Basic)	-1.50	-0.74	-1.27	-0.23	1.09
EPS (Diluted)	-1.50	-0.74	-1.27	-0.23	1.09
EPS Growth	-	-	-	-	-45.50%
Free Cash Flow	-6.94	-51.52	-202.4	-217.3	-46.4
Free Cash Flow Per Share	-0.07	-0.55	-2.15	-2.31	-0.59
Dividend Per Share	-	-	-	-	0.250
Gross Margin	-32.51%	3.50%	-12.75%	7.09%	46.88%
Operating Margin	-61.93%	-21.87%	-42.16%	-14.55%	33.15%
Profit Margin	-72.31%	-23.87%	-45.46%	-10.24%	37.87%
Free Cash Flow Margin	-3.56%	-17.73%	-76.79%	-102.94%	-20.51%
EBITDA	-52.18	4.69	-47.91	13.2	95.06
EBITDA Margin	-26.73%	1.61%	-18.18%	6.25%	42.02%
D&A For EBITDA	68.73	68.23	63.21	43.91	20.06
EBIT	-120.91	-63.54	-111.12	-30.71	75
EBIT Margin	-61.93%	-21.87%	-42.16%	-14.55%	33.15%
Effective Tax Rate	-	-	-	-	8.03%
Revenue as Reported	-	290.55	263.56	211.09	226.22
Advertising Expenses	-	-	0.32	-	-

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