SHE:301300 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	513.65	470.81	393.23	366.31	404.07
Other Revenue	-	0.54	0.6	0.66	0.88
Revenue	513.65	471.34	393.83	366.98	404.95
Revenue Growth (YoY)	8.98%	19.68%	7.32%	-9.38%	26.08%
Cost of Revenue	362.12	366.67	315.11	274.59	280.15
Gross Profit	151.53	104.68	78.72	92.39	124.8
Selling, General & Admin	34.67	34.58	29.19	21.38	19.13
Research & Development	16.97	18.15	15.76	12.81	13.98
Other Operating Expenses	1.13	0.74	0.4	1.96	3.31
Operating Expenses	52.77	57.42	51.69	44.23	36.76
Operating Income	98.77	47.25	27.02	48.16	88.04
Interest Expense	-	-0.48	-0.57	-0.71	-2.21
Interest & Investment Income	0.01	8.37	9.88	4.07	0.29
Currency Exchange Gain (Loss)	-	0.01	0.02	0.05	-0.05
Other Non Operating Income (Expenses)	5.85	-0.01	-0.08	-0.01	-0.02
EBT Excluding Unusual Items	104.63	55.15	36.27	51.56	86.04
Gain (Loss) on Sale of Investments	0.16	-0.07	0.81	0.11	-0.25
Gain (Loss) on Sale of Assets	-0.05	0	-	0	-
Asset Writedown	-2.13	-0.28	-0.99	-0.42	-0.35
Other Unusual Items	-	0.72	2.82	7.86	2.89
Pretax Income	102.61	55.52	38.91	59.12	88.32
Income Tax Expense	12.7	7.3	4.51	5.86	11.45
Net Income	89.91	48.22	34.41	53.26	76.87
Net Income to Common	89.91	48.22	34.41	53.26	76.87
Net Income Growth	86.45%	40.15%	-35.40%	-30.71%	17.15%
Shares Outstanding (Basic)	63	63	64	53	48
Shares Outstanding (Diluted)	63	63	65	53	48
Shares Change (YoY)	-0.21%	-2.26%	21.88%	10.86%	-0.43%
EPS (Basic)	1.43	0.77	0.54	1.00	1.60
EPS (Diluted)	1.42	0.76	0.53	1.00	1.60
EPS Growth	86.84%	43.40%	-47.00%	-37.50%	17.65%
Free Cash Flow	51.82	-24.22	22.92	56.44	73.13
Free Cash Flow Per Share	0.82	-0.38	0.35	1.06	1.52
Dividend Per Share	-	1.000	0.400	0.400	0.400
Dividend Growth	-	150.00%	-	-	-
Gross Margin	29.50%	22.21%	19.99%	25.17%	30.82%
Operating Margin	19.23%	10.03%	6.86%	13.12%	21.74%
Profit Margin	17.50%	10.23%	8.74%	14.51%	18.98%
Free Cash Flow Margin	10.09%	-5.14%	5.82%	15.38%	18.06%
EBITDA	115.81	63.06	39.1	58.92	98.94
EBITDA Margin	22.55%	13.38%	9.93%	16.05%	24.43%
D&A For EBITDA	17.05	15.81	12.08	10.75	10.9
EBIT	98.77	47.25	27.02	48.16	88.04
EBIT Margin	19.23%	10.03%	6.86%	13.12%	21.74%
Effective Tax Rate	12.38%	13.15%	11.58%	9.91%	12.97%
Revenue as Reported	-	471.34	393.83	366.98	404.95
Advertising Expenses	-	0.58	0.03	-	-

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