SHE:301173 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	Dec '21 Dec 31, 2021
Operating Revenue	2,280	2,380	2,467	1,999	1,682
Other Revenue	-	27.78	23.79	21.95	11.36
Revenue	2,280	2,407	2,491	2,021	1,694
Revenue Growth (YoY)	-5.28%	-3.35%	23.25%	19.32%	28.63%
Cost of Revenue	1,873	2,003	2,108	1,721	1,457
Gross Profit	407.51	404.93	383.09	300.3	236.31
Selling, General & Admin	118.6	99.35	98.04	115.88	108.68
Research & Development	58.18	69.36	68.46	62.25	66.93
Other Operating Expenses	-0.71	-4.76	2.09	4.37	-5.52
Operating Expenses	176.07	186.06	174.31	190.44	173.09
Operating Income	231.44	218.87	208.78	109.86	63.22
Interest Expense	-	-1.23	-5.49	-12.37	-11.45
Interest & Investment Income	9.97	5.57	2.66	2.1	0.67
Currency Exchange Gain (Loss)	-	0.33	0.2	2.27	-0.21
Other Non Operating Income (Expenses)	-9.2	-4.79	-5.24	-3.15	-1.97
EBT Excluding Unusual Items	232.2	218.74	200.91	98.72	50.26
Gain (Loss) on Sale of Investments	-	-	-	-	-0.25
Gain (Loss) on Sale of Assets	0.59	0.51	-0.12	0.08	-0.02
Asset Writedown	-18.31	-5.67	-1.22	-0.42	-0.23
Other Unusual Items	-	6.83	6.15	3.08	1.27
Pretax Income	214.49	220.42	205.73	101.46	51.03
Income Tax Expense	41.59	49.17	46.98	31.04	8.19
Earnings From Continuing Operations	172.9	171.24	158.75	70.42	42.83
Minority Interest in Earnings	0.14	-0.44	0.9	0.95	-
Net Income	173.04	170.8	159.65	71.37	42.83
Net Income to Common	173.04	170.8	159.65	71.37	42.83
Net Income Growth	1.31%	6.98%	123.69%	66.63%	-41.68%
Shares Outstanding (Basic)	84	66	66	60	56
Shares Outstanding (Diluted)	84	66	66	60	56
Shares Change (YoY)	27.78%	-0.00%	9.23%	7.69%	-
EPS (Basic)	2.06	2.59	2.42	1.18	0.76
EPS (Diluted)	2.06	2.59	2.42	1.18	0.76
EPS Growth	-20.71%	6.98%	104.79%	54.73%	-
Free Cash Flow	294.69	-25.28	163.86	94.73	93.62
Free Cash Flow Per Share	3.50	-0.38	2.49	1.57	1.67
Gross Margin	17.87%	16.82%	15.38%	14.86%	13.95%
Operating Margin	10.15%	9.09%	8.38%	5.44%	3.73%
Profit Margin	7.59%	7.09%	6.41%	3.53%	2.53%
Free Cash Flow Margin	12.92%	-1.05%	6.58%	4.69%	5.53%
EBITDA	288.95	267.65	261.26	152.66	96.73
EBITDA Margin	12.67%	11.12%	10.49%	7.55%	5.71%
D&A For EBITDA	57.52	48.78	52.48	42.8	33.51
EBIT	231.44	218.87	208.78	109.86	63.22
EBIT Margin	10.15%	9.09%	8.38%	5.44%	3.73%
Effective Tax Rate	19.39%	22.31%	22.83%	30.59%	16.06%
Revenue as Reported	-	2,407	2,491	2,021	1,694
Advertising Expenses	-	-	0	0.01	1.25

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