SHE:301181 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	549.46	503.28	559.35	505.05	466.66
Other Revenue	-	10.43	11.6	12.79	12.06
Revenue	549.46	513.71	570.95	517.84	478.72
Revenue Growth (YoY)	6.96%	-10.03%	10.26%	8.17%	-24.28%
Cost of Revenue	372.42	345.2	376.04	348.16	328.45
Gross Profit	177.04	168.51	194.91	169.68	150.27
Selling, General & Admin	34.15	31.87	28.47	25.1	16.41
Research & Development	28.11	27.79	24.02	23.01	20.51
Other Operating Expenses	-1.02	0.66	1.17	2.39	2.77
Operating Expenses	61.24	64.89	54.98	50.21	38.75
Operating Income	115.8	103.62	139.93	119.46	111.52
Interest Expense	-	-0.11	-0	-	-0.16
Interest & Investment Income	22.13	32.6	25.67	15.66	2.04
Currency Exchange Gain (Loss)	-	0.12	0.87	1.35	1.59
Other Non Operating Income (Expenses)	-0.73	-0.18	-0.12	-0.09	-0.11
EBT Excluding Unusual Items	137.21	136.05	166.35	136.38	114.89
Gain (Loss) on Sale of Investments	0.41	0.88	3.96	1.97	-
Gain (Loss) on Sale of Assets	-	-0.13	-	0.03	-
Asset Writedown	-1.15	-0.18	-0.55	-0.01	-0.21
Other Unusual Items	-	2.64	2.65	0.16	2.82
Pretax Income	136.46	139.26	172.41	138.53	117.49
Income Tax Expense	18.8	17.77	23.62	17.36	16.14
Earnings From Continuing Operations	117.66	121.49	148.79	121.18	101.36
Minority Interest in Earnings	1.09	0.11	-	-	-
Net Income	118.75	121.6	148.79	121.18	101.36
Net Income to Common	118.75	121.6	148.79	121.18	101.36
Net Income Growth	-2.35%	-18.27%	22.79%	19.56%	-18.36%
Shares Outstanding (Basic)	115	117	117	112	88
Shares Outstanding (Diluted)	115	117	117	112	88
Shares Change (YoY)	-1.40%	-0.20%	4.42%	27.73%	0.15%
EPS (Basic)	1.03	1.04	1.27	1.08	1.15
EPS (Diluted)	1.03	1.04	1.27	1.08	1.15
EPS Growth	-0.96%	-18.11%	17.59%	-6.40%	-18.48%
Free Cash Flow	78.25	85.89	113.22	100.36	71.98
Free Cash Flow Per Share	0.68	0.73	0.97	0.90	0.82
Dividend Per Share	-	0.650	0.500	0.462	0.462
Dividend Growth	-	30.00%	8.34%	-	-40.00%
Gross Margin	32.22%	32.80%	34.14%	32.77%	31.39%
Operating Margin	21.08%	20.17%	24.51%	23.07%	23.30%
Profit Margin	21.61%	23.67%	26.06%	23.40%	21.17%
Free Cash Flow Margin	14.24%	16.72%	19.83%	19.38%	15.04%
EBITDA	139	123.69	158.62	134.2	124.36
EBITDA Margin	25.30%	24.08%	27.78%	25.91%	25.98%
D&A For EBITDA	23.2	20.07	18.69	14.74	12.84
EBIT	115.8	103.62	139.93	119.46	111.52
EBIT Margin	21.08%	20.17%	24.51%	23.07%	23.30%
Effective Tax Rate	13.78%	12.76%	13.70%	12.53%	13.73%
Revenue as Reported	-	513.71	570.95	517.84	478.72

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.