SHE:301103 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	1,106	1,093	1,088	1,179	949.91	958.69
Other Revenue	-	-	7.82	6.63	5.41	3.77
Revenue	1,106	1,093	1,096	1,185	955.31	962.45
Revenue Growth (YoY)	0.36%	-0.27%	-7.56%	24.07%	-0.74%	14.79%
Cost of Revenue	651.14	644.79	674.34	691.5	588.89	575.01
Gross Profit	455.18	447.83	421.29	493.73	366.43	387.45
Selling, General & Admin	384.67	379.77	401.11	392.28	301.73	251.46
Research & Development	17.91	16.28	18.11	12.62	0.66	0.63
Other Operating Expenses	1.73	1.4	7.6	5.82	5.74	5.09
Operating Expenses	404.31	397.45	426.85	412.16	308.38	257.14
Operating Income	50.88	50.38	-5.56	81.57	58.04	130.3
Interest Expense	-	-	-11.34	-13.6	-12.18	-12.1
Interest & Investment Income	13.85	13.66	21.65	34.92	23.58	9.9
Currency Exchange Gain (Loss)	-	-	-0	0.06	-	-
Other Non Operating Income (Expenses)	-12.37	-9.07	-3.7	-3.86	-3.11	-3.23
EBT Excluding Unusual Items	52.35	54.96	1.05	99.09	66.33	124.87
Gain (Loss) on Sale of Investments	1.83	0.79	0.99	-	-	-
Gain (Loss) on Sale of Assets	0.76	0.75	1.4	3.53	-0.06	-0.31
Asset Writedown	0.47	-0.47	-0.71	-1.45	-0.24	-0.21
Other Unusual Items	-	-	-1.1	4.22	5.52	11.96
Pretax Income	55.42	56.03	1.63	105.38	71.55	136.32
Income Tax Expense	27.06	29.63	36.9	47.59	39.44	49.95
Earnings From Continuing Operations	28.36	26.4	-35.28	57.79	32.11	86.36
Minority Interest in Earnings	-0.86	0.93	7.88	5.76	0.49	-
Net Income	27.49	27.34	-27.4	63.55	32.59	86.36
Net Income to Common	27.49	27.34	-27.4	63.55	32.59	86.36
Net Income Growth	-	-	-	94.99%	-62.26%	-13.84%
Shares Outstanding (Basic)	158	158	158	158	148	118
Shares Outstanding (Diluted)	158	158	158	158	148	118
Shares Change (YoY)	0.00%	0.01%	-0.00%	6.71%	25.10%	0.00%
EPS (Basic)	0.17	0.17	-0.17	0.40	0.22	0.73
EPS (Diluted)	0.17	0.17	-0.17	0.40	0.22	0.73
EPS Growth	-	-	-	82.73%	-69.83%	-13.84%
Free Cash Flow	116.16	123.19	39.31	-11.74	98.87	142.38
Free Cash Flow Per Share	0.73	0.78	0.25	-0.07	0.67	1.20
Dividend Per Share	-	-	0.150	0.600	1.000	0.462
Dividend Growth	-	-	-75.00%	-40.00%	116.68%	-
Gross Margin	41.14%	40.99%	38.45%	41.66%	38.36%	40.26%
Operating Margin	4.60%	4.61%	-0.51%	6.88%	6.08%	13.54%
Profit Margin	2.48%	2.50%	-2.50%	5.36%	3.41%	8.97%
Free Cash Flow Margin	10.50%	11.27%	3.59%	-0.99%	10.35%	14.79%
EBITDA	105.98	104.96	46.92	133.63	109.77	179.92
EBITDA Margin	9.58%	9.61%	4.28%	11.28%	11.49%	18.69%
D&A For EBITDA	55.1	54.58	52.48	52.06	51.73	49.61
EBIT	50.88	50.38	-5.56	81.57	58.04	130.3
EBIT Margin	4.60%	4.61%	-0.51%	6.88%	6.08%	13.54%
Effective Tax Rate	48.83%	52.88%	2267.93%	45.16%	55.13%	36.64%
Revenue as Reported	-	-	1,096	1,185	955.31	962.45

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