SHE:301282 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	1,858	1,494	1,267	1,443	1,285
Other Revenue	202.96	106.15	63.86	53.94	42.67
Revenue	2,061	1,600	1,331	1,496	1,328
Revenue Growth (YoY)	28.74%	20.24%	-11.05%	12.73%	67.59%
Cost of Revenue	1,786	1,392	1,160	1,208	1,093
Gross Profit	274.93	208.43	170.69	288.62	234.8
Selling, General & Admin	107.69	83.54	79.66	66.89	55.46
Research & Development	100.05	77.41	67.84	71.49	57.51
Other Operating Expenses	-13.44	-3.79	1.09	5.22	4.18
Operating Expenses	198.68	164.14	153.51	146.1	121.07
Operating Income	76.25	44.28	17.18	142.53	113.73
Interest Expense	-3.81	-4.43	-5.56	-7.43	-11.17
Interest & Investment Income	12.35	18.61	15.82	5.19	0.37
Currency Exchange Gain (Loss)	-4.88	7.6	3.78	6.9	-3.12
Other Non Operating Income (Expenses)	-0.49	-0.82	-0.76	-0.4	-0.37
EBT Excluding Unusual Items	79.41	65.24	30.46	146.79	99.45
Gain (Loss) on Sale of Investments	-0.18	0.79	1.25	2.17	-0.51
Gain (Loss) on Sale of Assets	0.39	-0.54	-0.32	-1.32	-0.82
Asset Writedown	-1.36	-0.84	-1.96	-0.68	-
Legal Settlements	-0.33	-	-	-	0.19
Other Unusual Items	5.84	17.46	9.64	7.62	8.18
Pretax Income	83.78	82.11	39.07	154.58	106.5
Income Tax Expense	-0.28	1.92	-3.34	13.5	6.21
Earnings From Continuing Operations	84.06	80.19	42.41	141.08	100.29
Minority Interest in Earnings	6.34	-	-	-	-
Net Income	90.4	80.19	42.41	141.08	100.29
Net Income to Common	90.4	80.19	42.41	141.08	100.29
Net Income Growth	12.73%	89.09%	-69.94%	40.68%	48.80%
Shares Outstanding (Basic)	151	141	151	126	114
Shares Outstanding (Diluted)	151	141	151	126	114
Shares Change (YoY)	7.09%	-7.12%	20.24%	10.53%	2.55%
EPS (Basic)	0.60	0.57	0.28	1.12	0.88
EPS (Diluted)	0.60	0.57	0.28	1.12	0.88
EPS Growth	5.26%	103.57%	-75.00%	27.27%	45.10%
Free Cash Flow	-236.44	-154.42	-190.15	-87.11	19.3
Free Cash Flow Per Share	-1.57	-1.10	-1.25	-0.69	0.17
Dividend Per Share	0.300	0.200	0.100	0.500	-
Dividend Growth	50.00%	100.00%	-80.00%	-	-
Gross Margin	13.34%	13.02%	12.82%	19.29%	17.69%
Operating Margin	3.70%	2.77%	1.29%	9.52%	8.57%
Profit Margin	4.39%	5.01%	3.19%	9.43%	7.55%
Free Cash Flow Margin	-11.47%	-9.65%	-14.29%	-5.82%	1.45%
EBITDA	200.16	139.23	89.86	199.85	160.44
EBITDA Margin	9.71%	8.70%	6.75%	13.35%	12.09%
D&A For EBITDA	123.91	94.94	72.68	57.32	46.71
EBIT	76.25	44.28	17.18	142.53	113.73
EBIT Margin	3.70%	2.77%	1.29%	9.52%	8.57%
Effective Tax Rate	-	2.33%	-	8.73%	5.83%
Revenue as Reported	2,061	1,600	1,331	1,496	1,328
Advertising Expenses	1.01	-	-	5.2	-

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