SHE:301206 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	649.51	698.51	482.71	655.82	1,641
Other Revenue	-	14.4	16.79	19.09	33.93
Revenue	649.51	712.9	499.5	674.91	1,675
Revenue Growth (YoY)	-8.89%	42.72%	-25.99%	-59.71%	113.91%
Cost of Revenue	544.82	635.4	485.47	586.98	973.9
Gross Profit	104.69	77.51	14.03	87.92	701.42
Selling, General & Admin	37.87	25.05	20.05	20.3	18.8
Research & Development	34.42	41.23	50.66	34.08	59
Other Operating Expenses	2.27	2.88	2.54	3.21	7.01
Operating Expenses	74.56	69.8	73.31	57.34	85.17
Operating Income	30.13	7.71	-59.28	30.58	616.26
Interest Expense	-	-	-	-	-0
Interest & Investment Income	69.51	111.41	117.1	100.34	3.5
Currency Exchange Gain (Loss)	-	7.45	2.68	42.83	-7.47
Other Non Operating Income (Expenses)	5.63	-0.25	-0.2	-0.27	-0.73
EBT Excluding Unusual Items	105.27	126.31	60.31	173.48	611.55
Gain (Loss) on Sale of Investments	0.37	-	-2.89	-0.33	0.26
Gain (Loss) on Sale of Assets	0.07	-	-	-	-0.59
Asset Writedown	-0.27	-0.07	-	-0.21	-0.01
Other Unusual Items	-	1.96	1.4	11.02	8.68
Pretax Income	105.43	128.2	58.82	183.96	619.9
Income Tax Expense	14.13	23.25	2.84	20.27	84.48
Earnings From Continuing Operations	91.3	104.95	55.98	163.69	535.42
Minority Interest in Earnings	0.11	-	-	-	-
Net Income	91.41	104.95	55.98	163.69	535.42
Net Income to Common	91.41	104.95	55.98	163.69	535.42
Net Income Growth	-12.90%	87.47%	-65.80%	-69.43%	130.21%
Shares Outstanding (Basic)	199	202	200	200	152
Shares Outstanding (Diluted)	199	202	200	200	152
Shares Change (YoY)	-1.54%	0.95%	0.16%	31.61%	-0.00%
EPS (Basic)	0.46	0.52	0.28	0.82	3.53
EPS (Diluted)	0.46	0.52	0.28	0.82	3.53
EPS Growth	-11.54%	85.71%	-65.85%	-76.77%	130.22%
Free Cash Flow	-176.33	-155.41	-65.68	-158.4	207.7
Free Cash Flow Per Share	-0.89	-0.77	-0.33	-0.79	1.37
Dividend Per Share	-	1.400	0.250	0.700	0.667
Dividend Growth	-	460.00%	-64.29%	5.00%	42.85%
Gross Margin	16.12%	10.87%	2.81%	13.03%	41.87%
Operating Margin	4.64%	1.08%	-11.87%	4.53%	36.78%
Profit Margin	14.07%	14.72%	11.21%	24.25%	31.96%
Free Cash Flow Margin	-27.15%	-21.80%	-13.15%	-23.47%	12.40%
EBITDA	103.66	73.92	0.32	69.33	641.9
EBITDA Margin	15.96%	10.37%	0.07%	10.27%	38.31%
D&A For EBITDA	73.53	66.21	59.61	38.75	25.65
EBIT	30.13	7.71	-59.28	30.58	616.26
EBIT Margin	4.64%	1.08%	-11.87%	4.53%	36.78%
Effective Tax Rate	13.40%	18.14%	4.82%	11.02%	13.63%
Revenue as Reported	-	712.9	499.5	674.91	1,675
Advertising Expenses	-	1.26	1.17	0.72	1.08

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