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	Jun '26 Jun 30, 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	505.18	540.45	503.28	559.35	505.05	466.66
Other Revenue	10.94	9.01	10.43	11.6	12.79	12.06
Revenue	516.12	549.46	513.71	570.95	517.84	478.72
Revenue Growth	-3.35%	6.96%	-10.03%	10.26%	8.17%	-24.28%
Cost of Revenue	356.75	373.57	345.2	376.04	348.16	328.45
Gross Profit	159.37	175.88	168.51	194.91	169.68	150.27
Selling, General & Admin	33.66	34.15	31.87	28.47	25.1	16.41
Research & Development	29.03	28.11	27.79	24.02	23.01	20.51
Other Operating Expenses	3.04	2.17	0.66	1.17	2.39	2.77
Operating Expenses	65.19	65.68	64.89	54.98	50.21	38.75
Operating Income	94.18	110.2	103.62	139.93	119.46	111.52
Interest Expense	-0.23	-0.23	-0.11	-0	-	-0.16
Interest & Investment Income	22.61	24.16	32.6	25.67	15.66	2.04
Currency Exchange Gain (Loss)	-2.74	-1.14	0.12	0.87	1.35	1.59
Other Non Operating Income (Expenses)	-0.19	-0.19	-0.17	-0.12	-0.09	-0.11
EBT Excluding Unusual Items	113.64	132.79	136.05	166.35	136.38	114.89
Gain (Loss) on Sale of Investments	0.48	0.41	0.88	3.96	1.97	-
Gain (Loss) on Sale of Assets	0	0	-0.13	-	0.03	-
Asset Writedown	-0.39	-0.19	-0.18	-0.55	-0.01	-0.21
Other Unusual Items	3.33	3.44	2.64	2.65	0.16	2.82
Pretax Income	117.07	136.46	139.26	172.41	138.53	117.49
Income Tax Expense	15.68	18.8	17.77	23.62	17.36	16.14
Earnings From Continuing Operations	101.39	117.66	121.49	148.79	121.18	101.36
Minority Interest in Earnings	0.9	1.09	0.11	-	-	-
Net Income	102.29	118.75	121.6	148.79	121.18	101.36
Net Income to Common	102.29	118.75	121.6	148.79	121.18	101.36
Net Income Growth	-15.59%	-2.35%	-18.27%	22.79%	19.56%	-18.36%
Shares Outstanding (Basic)	150	150	152	152	146	114
Shares Outstanding (Diluted)	150	150	152	152	146	114
Shares Change	0.03%	-1.40%	-0.20%	4.43%	27.73%	0.14%
EPS (Basic)	0.68	0.79	0.80	0.98	0.83	0.89
EPS (Diluted)	0.68	0.79	0.80	0.98	0.83	0.89
EPS Growth	-15.61%	-0.96%	-18.11%	17.59%	-6.40%	-18.48%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	91.47	78.25	85.89	113.22	100.36	71.98
Free Cash Flow Per Share	0.61	0.52	0.56	0.74	0.69	0.63
Dividend Per Share	0.635	0.538	0.500	0.385	0.355	0.355
Dividend Growth	17.89%	7.70%	30.00%	8.34%	0%	-40.00%
Gross Margin	30.88%	32.01%	32.80%	34.14%	32.77%	31.39%
Operating Margin	18.25%	20.06%	20.17%	24.51%	23.07%	23.30%
Profit Margin	19.82%	21.61%	23.67%	26.06%	23.40%	21.17%
Free Cash Flow Margin	17.72%	14.24%	16.72%	19.83%	19.38%	15.04%
EBITDA	117.51	132.68	124.54	158.62	134.2	124.36
EBITDA Margin	22.77%	24.15%	24.24%	27.78%	25.91%	25.98%
D&A For EBITDA	23.33	22.48	20.92	18.69	14.74	12.84
EBIT	94.18	110.2	103.62	139.93	119.46	111.52
EBIT Margin	18.25%	20.06%	20.17%	24.51%	23.07%	23.30%
Effective Tax Rate	13.40%	13.78%	12.76%	13.70%	12.53%	13.73%
Revenue as Reported	516.12	549.46	513.71	570.95	517.84	478.72