SHE:301349 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	1,161	804.79	929.86	881.64	491.83
Other Revenue	-	5.3	18.99	22.08	0.15
Revenue	1,161	810.09	948.85	903.72	491.98
Revenue Growth (YoY)	43.28%	-14.62%	4.99%	83.69%	80.88%
Cost of Revenue	1,029	774.79	850.23	660.09	293.39
Gross Profit	131.44	35.3	98.62	243.63	198.59
Selling, General & Admin	66.61	58.48	56.86	34.68	27.33
Research & Development	29.87	23.31	31.48	42.85	23.08
Other Operating Expenses	-3.51	2.7	1.75	4.67	4.37
Operating Expenses	92.98	90.24	90.18	86.51	53.69
Operating Income	38.46	-54.94	8.44	157.12	144.9
Interest Expense	-	-7.39	-5.41	-6.08	-2.02
Interest & Investment Income	27.34	28.62	34.67	3.74	0.05
Currency Exchange Gain (Loss)	-	0	-	-	-
Other Non Operating Income (Expenses)	-18.1	-0.26	0.09	-0.61	-3.05
EBT Excluding Unusual Items	47.7	-33.97	37.79	154.16	139.88
Gain (Loss) on Sale of Investments	8.41	8.35	9.81	9.97	-
Gain (Loss) on Sale of Assets	-	-0.78	-0.94	-0.12	0.01
Asset Writedown	-0.68	-	-	-	-
Other Unusual Items	-	-0.73	0.52	1.66	20.16
Pretax Income	55.44	-27.12	47.18	165.68	160.05
Income Tax Expense	8.02	-1.25	3.68	16.69	22.37
Earnings From Continuing Operations	47.41	-25.88	43.5	148.99	137.68
Minority Interest in Earnings	-8.8	-7.16	-2.2	-	-
Net Income	38.62	-33.04	41.3	148.99	137.68
Net Income to Common	38.62	-33.04	41.3	148.99	137.68
Net Income Growth	-	-	-72.28%	8.21%	59.88%
Shares Outstanding (Basic)	101	101	102	83	77
Shares Outstanding (Diluted)	101	101	102	83	77
Shares Change (YoY)	-0.18%	-0.85%	23.06%	8.33%	0.09%
EPS (Basic)	0.38	-0.33	0.40	1.80	1.80
EPS (Diluted)	0.38	-0.33	0.40	1.80	1.80
EPS Growth	-	-	-77.48%	-0.11%	59.73%
Free Cash Flow	-267.95	-63.16	-121.12	-145.79	-44.7
Free Cash Flow Per Share	-2.65	-0.63	-1.19	-1.76	-0.58
Dividend Per Share	-	-	0.300	0.667	-
Dividend Growth	-	-	-55.00%	-	-
Gross Margin	11.32%	4.36%	10.39%	26.96%	40.37%
Operating Margin	3.31%	-6.78%	0.89%	17.39%	29.45%
Profit Margin	3.33%	-4.08%	4.35%	16.49%	27.98%
Free Cash Flow Margin	-23.09%	-7.80%	-12.76%	-16.13%	-9.09%
EBITDA	95.68	2.73	47.57	171.86	157.75
EBITDA Margin	8.24%	0.34%	5.01%	19.02%	32.06%
D&A For EBITDA	57.22	57.67	39.13	14.74	12.86
EBIT	38.46	-54.94	8.44	157.12	144.9
EBIT Margin	3.31%	-6.78%	0.89%	17.39%	29.45%
Effective Tax Rate	14.47%	-	7.80%	10.07%	13.98%
Revenue as Reported	-	810.09	948.85	903.72	491.98

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