SHE:301113 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	355.67	293.4	156.27	171.33	445.53
Other Revenue	-	2.38	1.71	2.49	2.87
Revenue	355.67	295.78	157.98	173.82	448.4
Revenue Growth (YoY)	20.25%	87.22%	-9.11%	-61.24%	39.72%
Cost of Revenue	236.89	205.51	102.12	108.59	288.97
Gross Profit	118.78	90.27	55.86	65.23	159.43
Selling, General & Admin	104.3	68.79	27.47	20.55	27.29
Research & Development	9.88	15.12	11.35	8.78	14.91
Other Operating Expenses	2.68	2.23	2.12	1.13	1.37
Operating Expenses	116.86	86.68	41.46	27.44	43.35
Operating Income	1.92	3.59	14.41	37.79	116.09
Interest Expense	-	-0	-	-0.02	-0
Interest & Investment Income	1.42	7.18	11.58	16.94	1.81
Currency Exchange Gain (Loss)	-	2	-0.29	4.25	-2.7
Other Non Operating Income (Expenses)	3.01	-0.23	-0.13	0.02	-0.37
EBT Excluding Unusual Items	6.36	12.53	25.56	58.99	114.83
Gain (Loss) on Sale of Investments	18.35	3.43	-1.23	-	0.06
Gain (Loss) on Sale of Assets	-0.18	0.01	0.04	0.01	0.04
Asset Writedown	-9.93	-0.12	-0.37	-0.06	-0.39
Other Unusual Items	-	0.44	1.81	3.8	3.78
Pretax Income	14.59	16.29	25.81	62.74	118.32
Income Tax Expense	7.01	5.12	7.04	13.71	24.51
Net Income	7.58	11.17	18.77	49.03	93.8
Net Income to Common	7.58	11.17	18.77	49.03	93.8
Net Income Growth	-32.14%	-40.49%	-61.71%	-47.73%	10.95%
Shares Outstanding (Basic)	95	91	90	91	68
Shares Outstanding (Diluted)	95	91	90	91	68
Shares Change (YoY)	4.41%	0.41%	-0.74%	33.64%	-0.20%
EPS (Basic)	0.08	0.12	0.21	0.54	1.38
EPS (Diluted)	0.08	0.12	0.21	0.54	1.38
EPS Growth	-35.01%	-40.73%	-61.43%	-60.89%	11.18%
Free Cash Flow	8.9	-83.44	-61.28	-84.61	68.36
Free Cash Flow Per Share	0.09	-0.92	-0.68	-0.93	1.00
Dividend Per Share	-	0.538	0.023	-	1.000
Dividend Growth	-	2231.17%	-	-	-
Gross Margin	33.40%	30.52%	35.36%	37.53%	35.56%
Operating Margin	0.54%	1.21%	9.12%	21.74%	25.89%
Profit Margin	2.13%	3.78%	11.88%	28.21%	20.92%
Free Cash Flow Margin	2.50%	-28.21%	-38.79%	-48.68%	15.25%
EBITDA	25.82	23.96	26.39	43.06	120.62
EBITDA Margin	7.26%	8.10%	16.70%	24.77%	26.90%
D&A For EBITDA	23.9	20.37	11.98	5.27	4.53
EBIT	1.92	3.59	14.41	37.79	116.09
EBIT Margin	0.54%	1.21%	9.12%	21.74%	25.89%
Effective Tax Rate	48.06%	31.45%	27.27%	21.86%	20.72%
Revenue as Reported	-	295.78	157.98	173.82	448.4
Advertising Expenses	-	14.62	1.04	0.78	0.28

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