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	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	414.98	299.78	315.12	308.98	363.38	328.91
Other Revenue	0.45	0.45	0.49	0.5	2.94	1.71
Revenue	415.43	300.23	315.61	309.48	366.32	330.61
Revenue Growth	32.43%	-4.87%	1.98%	-15.52%	10.80%	-27.54%
Cost of Revenue	275.69	133.22	143.64	128.33	174.58	147.09
Gross Profit	139.74	167.01	171.97	181.15	191.74	183.53
Selling, General & Admin	28	26.08	24.07	30.06	21.31	23.64
Research & Development	19.28	18.67	25.91	24.23	19.64	20.98
Other Operating Expenses	-0.04	-3.3	-5.31	-6.72	-5.49	-7.05
Operating Expenses	54.23	48.46	47.71	48.16	37.96	39.02
Operating Income	85.51	118.55	124.26	132.99	153.78	144.51
Interest Expense	-0.2	-0.2	-0.2	-0.18	-0.15	-0.14
Interest & Investment Income	25.33	22.88	22.1	23.66	13.91	5.89
Currency Exchange Gain (Loss)	-	-	0	-	-	-
Other Non Operating Income (Expenses)	-6.46	-7.32	-1.34	-0.49	0.4	-0.58
EBT Excluding Unusual Items	104.17	133.91	144.82	155.97	167.95	149.68
Gain (Loss) on Sale of Investments	0.72	0.04	-	-	-	-
Gain (Loss) on Sale of Assets	-0.17	0.36	0.09	0.01	0.16	-0.01
Asset Writedown	-0.53	-	-	-	-	-0.03
Other Unusual Items	-0.01	-0.01	9.69	6.24	7.24	15.33
Pretax Income	104.19	134.3	154.6	162.22	175.35	164.98
Income Tax Expense	13.6	18.37	20.23	19.77	23.92	22.55
Earnings From Continuing Operations	90.58	115.94	134.37	142.45	151.43	142.43
Minority Interest in Earnings	-0.22	-2.06	-2.45	-3.89	-3.23	-1.94
Net Income	90.37	113.88	131.92	138.57	148.19	140.49
Net Income to Common	90.37	113.88	131.92	138.57	148.19	140.49
Net Income Growth	-29.07%	-13.68%	-4.79%	-6.49%	5.48%	-23.72%
Shares Outstanding (Basic)	78	80	80	75	60	60
Shares Outstanding (Diluted)	78	80	80	75	60	60
Shares Change	-2.42%	0.30%	6.74%	24.84%	-0.07%	0.06%
EPS (Basic)	1.16	1.42	1.65	1.85	2.47	2.34
EPS (Diluted)	1.16	1.42	1.65	1.85	2.47	2.34
EPS Growth	-27.31%	-13.94%	-10.81%	-25.10%	5.56%	-23.77%

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	-24.21	65.91	75.15	122.46	72.44	40.94
Free Cash Flow Per Share	-0.31	0.82	0.94	1.64	1.21	0.68
Dividend Per Share	0.800	0.800	1.500	1.500	1.500	1.000
Dividend Growth	-46.67%	-46.67%	0%	0%	50.00%	0%
Gross Margin	33.64%	55.63%	54.49%	58.53%	52.34%	55.51%
Operating Margin	20.58%	39.49%	39.37%	42.97%	41.98%	43.71%
Profit Margin	21.75%	37.93%	41.80%	44.77%	40.45%	42.49%
Free Cash Flow Margin	-5.83%	21.95%	23.81%	39.57%	19.78%	12.38%
EBITDA	89.63	122.6	128.51	138.83	162.65	153.78
EBITDA Margin	21.57%	40.84%	40.72%	44.86%	44.40%	46.51%
D&A For EBITDA	4.12	4.05	4.26	5.84	8.87	9.27
EBIT	85.51	118.55	124.26	132.99	153.78	144.51
EBIT Margin	20.58%	39.49%	39.37%	42.97%	41.98%	43.71%
Effective Tax Rate	13.05%	13.68%	13.08%	12.19%	13.64%	13.67%
Revenue as Reported	300.23	300.23	315.61	309.48	366.32	330.61