SHE:301181 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	531.6	540.45	503.28	559.35	505.05	466.66
Other Revenue	9.01	9.01	10.43	11.6	12.79	12.06
Revenue	540.6	549.46	513.71	570.95	517.84	478.72
Revenue Growth (YoY)	4.40%	6.96%	-10.03%	10.26%	8.17%	-24.28%
Cost of Revenue	370.68	373.57	345.2	376.04	348.16	328.45
Gross Profit	169.92	175.88	168.51	194.91	169.68	150.27
Selling, General & Admin	33.72	34.15	31.87	28.47	25.1	16.41
Research & Development	27.86	28.11	27.79	24.02	23.01	20.51
Other Operating Expenses	3.06	2.17	0.66	1.17	2.39	2.77
Operating Expenses	65.89	65.68	64.89	54.98	50.21	38.75
Operating Income	104.03	110.2	103.62	139.93	119.46	111.52
Interest Expense	-0.23	-0.23	-0.11	-0	-	-0.16
Interest & Investment Income	23.9	24.16	32.6	25.67	15.66	2.04
Currency Exchange Gain (Loss)	-1.14	-1.14	0.12	0.87	1.35	1.59
Other Non Operating Income (Expenses)	0.02	-0.19	-0.17	-0.12	-0.09	-0.11
EBT Excluding Unusual Items	126.58	132.79	136.05	166.35	136.38	114.89
Gain (Loss) on Sale of Investments	-0.14	0.41	0.88	3.96	1.97	-
Gain (Loss) on Sale of Assets	0	0	-0.13	-	0.03	-
Asset Writedown	-0.49	-0.19	-0.18	-0.55	-0.01	-0.21
Other Unusual Items	3.44	3.44	2.64	2.65	0.16	2.82
Pretax Income	129.4	136.46	139.26	172.41	138.53	117.49
Income Tax Expense	17.43	18.8	17.77	23.62	17.36	16.14
Earnings From Continuing Operations	111.97	117.66	121.49	148.79	121.18	101.36
Minority Interest in Earnings	1.22	1.09	0.11	-	-	-
Net Income	113.2	118.75	121.6	148.79	121.18	101.36
Net Income to Common	113.2	118.75	121.6	148.79	121.18	101.36
Net Income Growth	-5.83%	-2.35%	-18.27%	22.79%	19.56%	-18.36%
Shares Outstanding (Basic)	116	115	117	117	112	88
Shares Outstanding (Diluted)	116	115	117	117	112	88
Shares Change (YoY)	-0.98%	-1.40%	-0.20%	4.42%	27.73%	0.15%
EPS (Basic)	0.98	1.03	1.04	1.27	1.08	1.15
EPS (Diluted)	0.98	1.03	1.04	1.27	1.08	1.15
EPS Growth	-4.89%	-0.96%	-18.11%	17.59%	-6.40%	-18.48%
Free Cash Flow	76.83	78.25	85.89	113.22	100.36	71.98
Free Cash Flow Per Share	0.67	0.68	0.73	0.97	0.90	0.82
Dividend Per Share	0.700	0.700	0.650	0.500	0.462	0.462
Dividend Growth	7.69%	7.69%	30.00%	8.34%	-	-40.00%
Gross Margin	31.43%	32.01%	32.80%	34.14%	32.77%	31.39%
Operating Margin	19.24%	20.06%	20.17%	24.51%	23.07%	23.30%
Profit Margin	20.94%	21.61%	23.67%	26.06%	23.40%	21.17%
Free Cash Flow Margin	14.21%	14.24%	16.72%	19.83%	19.38%	15.04%
EBITDA	126.9	132.68	124.54	158.62	134.2	124.36
EBITDA Margin	23.47%	24.15%	24.24%	27.78%	25.91%	25.98%
D&A For EBITDA	22.87	22.48	20.92	18.69	14.74	12.84
EBIT	104.03	110.2	103.62	139.93	119.46	111.52
EBIT Margin	19.24%	20.06%	20.17%	24.51%	23.07%	23.30%
Effective Tax Rate	13.47%	13.78%	12.76%	13.70%	12.53%	13.73%
Revenue as Reported	549.46	549.46	513.71	570.95	517.84	478.72

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