SHE:301203 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	330.79	300.23	315.12	308.98	363.38	328.91
Other Revenue	-	-	0.49	0.5	2.94	1.71
Revenue	330.79	300.23	315.61	309.48	366.32	330.61
Revenue Growth (YoY)	3.17%	-4.87%	1.98%	-15.52%	10.80%	-27.54%
Cost of Revenue	175.46	133.22	143.64	128.33	174.58	147.09
Gross Profit	155.33	167.01	171.97	181.15	191.74	183.53
Selling, General & Admin	26.72	26.08	24.07	30.06	21.31	23.64
Research & Development	18.6	18.67	25.91	24.23	19.64	20.98
Other Operating Expenses	-5.84	-6.48	-5.31	-6.72	-5.49	-7.05
Operating Expenses	39.49	38.28	47.71	48.16	37.96	39.02
Operating Income	115.84	128.74	124.26	132.99	153.78	144.51
Interest Expense	-	-	-0.2	-0.18	-0.15	-0.14
Interest & Investment Income	5.16	5.68	22.1	23.66	13.91	5.89
Currency Exchange Gain (Loss)	-	-	0	-	-	-
Other Non Operating Income (Expenses)	2.76	-0.61	-1.34	-0.49	0.4	-0.58
EBT Excluding Unusual Items	123.77	133.81	144.82	155.97	167.95	149.68
Gain (Loss) on Sale of Investments	0.04	0.04	-	-	-	-
Gain (Loss) on Sale of Assets	0.48	0.48	0.09	0.01	0.16	-0.01
Asset Writedown	-0.07	-0.03	-	-	-	-0.03
Other Unusual Items	-	-	9.69	6.24	7.24	15.33
Pretax Income	124.21	134.3	154.6	162.22	175.35	164.98
Income Tax Expense	17.14	18.37	20.23	19.77	23.92	22.55
Earnings From Continuing Operations	107.07	115.94	134.37	142.45	151.43	142.43
Minority Interest in Earnings	-1.19	-2.06	-2.45	-3.89	-3.23	-1.94
Net Income	105.89	113.88	131.92	138.57	148.19	140.49
Net Income to Common	105.89	113.88	131.92	138.57	148.19	140.49
Net Income Growth	-15.57%	-13.68%	-4.79%	-6.49%	5.48%	-23.72%
Shares Outstanding (Basic)	80	80	80	75	60	60
Shares Outstanding (Diluted)	80	80	80	75	60	60
Shares Change (YoY)	0.44%	0.30%	6.74%	24.84%	-0.07%	0.06%
EPS (Basic)	1.32	1.42	1.65	1.85	2.47	2.34
EPS (Diluted)	1.32	1.42	1.65	1.85	2.47	2.34
EPS Growth	-15.94%	-13.94%	-10.81%	-25.10%	5.56%	-23.77%
Free Cash Flow	34.03	65.91	75.15	122.46	72.44	40.94
Free Cash Flow Per Share	0.42	0.82	0.94	1.64	1.21	0.68
Dividend Per Share	-	-	1.500	1.500	1.500	1.000
Dividend Growth	-	-	-	-	50.00%	-
Gross Margin	46.96%	55.63%	54.49%	58.53%	52.34%	55.51%
Operating Margin	35.02%	42.88%	39.37%	42.97%	41.98%	43.71%
Profit Margin	32.01%	37.93%	41.80%	44.77%	40.45%	42.49%
Free Cash Flow Margin	10.29%	21.95%	23.81%	39.57%	19.78%	12.38%
EBITDA	119.88	132.81	128.47	138.83	162.65	153.78
EBITDA Margin	36.24%	44.24%	40.71%	44.86%	44.40%	46.51%
D&A For EBITDA	4.04	4.07	4.21	5.84	8.87	9.27
EBIT	115.84	128.74	124.26	132.99	153.78	144.51
EBIT Margin	35.02%	42.88%	39.37%	42.97%	41.98%	43.71%
Effective Tax Rate	13.80%	13.68%	13.08%	12.19%	13.64%	13.67%
Revenue as Reported	-	-	315.61	309.48	366.32	330.61

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