SHE:301359 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Operating Revenue	342.93	311.63	253.28	241.22	299.49
Other Revenue	-	6.04	6.54	5.85	2.66
Revenue	342.93	317.67	259.81	247.08	302.16
Revenue Growth (YoY)	7.95%	22.27%	5.16%	-18.23%	20.04%
Cost of Revenue	247.57	230.79	183.86	170.51	197.49
Gross Profit	95.36	86.88	75.95	76.57	104.66
Selling, General & Admin	32.56	28.36	25.44	25.08	28.15
Research & Development	18.12	16.55	15.24	14.74	13.7
Other Operating Expenses	0.24	2.23	2.76	-2.92	3.04
Operating Expenses	50.91	49.13	45	36.37	42.45
Operating Income	44.44	37.75	30.95	40.2	62.21
Interest Expense	-	-0.01	-0.01	-0.07	-0.19
Interest & Investment Income	0.69	9.28	11.69	1.94	0.31
Currency Exchange Gain (Loss)	-	0.5	0.27	0.57	-0.28
Other Non Operating Income (Expenses)	2.58	-0.09	-0.07	-0.03	-0.05
EBT Excluding Unusual Items	47.71	47.43	42.84	42.6	62.01
Gain (Loss) on Sale of Investments	3.79	2.71	-	-	-
Gain (Loss) on Sale of Assets	-	0.17	0.04	0.34	-0.04
Asset Writedown	-6.65	-0.02	-0.13	-0.04	-0.21
Other Unusual Items	-	1	0.59	-	6.48
Pretax Income	44.85	51.29	43.33	42.9	68.23
Income Tax Expense	4.41	5.44	4.27	3.48	7.94
Net Income	40.44	45.85	39.06	39.42	60.28
Net Income to Common	40.44	45.85	39.06	39.42	60.28
Net Income Growth	-11.79%	17.38%	-0.90%	-34.62%	-5.65%
Shares Outstanding (Basic)	119	121	119	92	90
Shares Outstanding (Diluted)	119	121	119	92	90
Shares Change (YoY)	-1.78%	1.88%	29.26%	2.43%	1.27%
EPS (Basic)	0.34	0.38	0.33	0.43	0.67
EPS (Diluted)	0.34	0.38	0.33	0.43	0.67
EPS Growth	-10.20%	15.22%	-23.33%	-36.16%	-6.83%
Free Cash Flow	30.53	20.79	35.96	64.8	3.7
Free Cash Flow Per Share	0.26	0.17	0.30	0.70	0.04
Dividend Per Share	-	0.357	0.357	0.179	-
Dividend Growth	-	-	99.94%	-	-
Gross Margin	27.81%	27.35%	29.23%	30.99%	34.64%
Operating Margin	12.96%	11.88%	11.91%	16.27%	20.59%
Profit Margin	11.79%	14.43%	15.04%	15.95%	19.95%
Free Cash Flow Margin	8.90%	6.54%	13.84%	26.23%	1.22%
EBITDA	67.59	59.61	53.5	60.62	78.51
EBITDA Margin	19.71%	18.77%	20.59%	24.54%	25.98%
D&A For EBITDA	23.14	21.86	22.55	20.42	16.29
EBIT	44.44	37.75	30.95	40.2	62.21
EBIT Margin	12.96%	11.88%	11.91%	16.27%	20.59%
Effective Tax Rate	9.83%	10.61%	9.85%	8.12%	11.64%
Revenue as Reported	-	317.67	259.81	-	302.16
Advertising Expenses	-	1.76	0.63	0.23	0.55

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