SHE:301107 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	684.27	690.78	535.79	508.86	548.25	647.66
Other Revenue	16.27	16.27	13.03	-	11.95	7.36
Revenue	700.54	707.05	548.82	508.86	560.2	655.02
Revenue Growth (YoY)	9.70%	28.83%	7.85%	-9.17%	-14.48%	60.16%
Cost of Revenue	541.06	536.31	408.48	380.68	437.07	505.47
Gross Profit	159.47	170.74	140.34	128.18	123.13	149.55
Selling, General & Admin	51.9	49.08	42.7	39.96	38.93	33.15
Research & Development	48.07	48.22	46.05	39.75	30.13	22.93
Other Operating Expenses	7.09	5.15	4.92	4.11	4.99	3.11
Operating Expenses	107.31	103.33	96.68	83.79	71.41	61.31
Operating Income	52.16	67.41	43.66	44.39	51.72	88.24
Interest Expense	-2.59	-2.52	-2.55	-1.18	-2.09	-2.45
Interest & Investment Income	14.61	14.16	14.43	12.59	6.61	0.45
Currency Exchange Gain (Loss)	0.58	0.58	2.04	1.57	3.41	-0.87
Other Non Operating Income (Expenses)	-1.25	-0.4	-1.44	-0.32	-0.69	-0.39
EBT Excluding Unusual Items	63.52	79.23	56.14	57.05	58.96	84.97
Gain (Loss) on Sale of Investments	-0.2	-0	-1.87	0.48	-	-
Gain (Loss) on Sale of Assets	0.5	0.5	-0.02	0.02	-0.14	0.14
Asset Writedown	-4.16	-2.37	-	-	-	-
Other Unusual Items	12.52	9.79	8.16	7.09	13.44	7.91
Pretax Income	72.18	87.15	62.42	64.64	72.26	93.02
Income Tax Expense	10.25	11.94	10.39	3.91	6.65	10.9
Earnings From Continuing Operations	61.93	75.21	52.03	60.73	65.61	82.12
Minority Interest in Earnings	-	-	0.9	1.87	0.11	-
Net Income	61.93	75.21	52.92	62.6	65.71	82.12
Net Income to Common	61.93	75.21	52.92	62.6	65.71	82.12
Net Income Growth	-12.84%	42.11%	-15.47%	-4.73%	-19.98%	41.33%
Shares Outstanding (Basic)	143	142	142	144	129	108
Shares Outstanding (Diluted)	143	142	142	144	129	108
Shares Change (YoY)	0.04%	-0.15%	-1.29%	12.07%	19.23%	0.15%
EPS (Basic)	0.43	0.53	0.37	0.43	0.51	0.76
EPS (Diluted)	0.43	0.53	0.37	0.43	0.51	0.76
EPS Growth	-12.87%	42.33%	-14.37%	-14.99%	-32.89%	41.12%
Free Cash Flow	62.43	81.21	37.55	69.5	36.21	-33.73
Free Cash Flow Per Share	0.44	0.57	0.26	0.48	0.28	-0.31
Dividend Per Share	0.214	0.214	0.500	0.204	0.281	-
Dividend Growth	-57.14%	-57.14%	144.98%	-27.26%	-	-
Gross Margin	22.77%	24.15%	25.57%	25.19%	21.98%	22.83%
Operating Margin	7.45%	9.54%	7.95%	8.72%	9.23%	13.47%
Profit Margin	8.84%	10.64%	9.64%	12.30%	11.73%	12.54%
Free Cash Flow Margin	8.91%	11.49%	6.84%	13.66%	6.46%	-5.15%
EBITDA	81.84	97.05	73.17	71.15	70.87	105.91
EBITDA Margin	11.68%	13.73%	13.33%	13.98%	12.65%	16.17%
D&A For EBITDA	29.67	29.64	29.51	26.76	19.15	17.67
EBIT	52.16	67.41	43.66	44.39	51.72	88.24
EBIT Margin	7.45%	9.54%	7.95%	8.72%	9.23%	13.47%
Effective Tax Rate	14.20%	13.70%	16.64%	6.05%	9.21%	11.72%
Revenue as Reported	700.54	707.05	548.82	508.86	560.2	655.02