SHE:301388 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	470.92	461.9	433.81	472.65	517.27
Other Revenue	5.66	6.6	1.25	8.69	3.86
Revenue	476.58	468.5	435.06	481.34	521.14
Revenue Growth (YoY)	1.73%	7.69%	-9.62%	-7.64%	17.00%
Cost of Revenue	376.21	378.63	339.64	356.09	369.56
Gross Profit	100.37	89.86	95.42	125.25	151.58
Selling, General & Admin	59.29	58.1	50.22	34.71	36.69
Research & Development	26.28	30.47	32.32	27.41	27.46
Other Operating Expenses	1.97	1.17	1.21	3	3.58
Operating Expenses	88.79	91.91	84.64	67.81	67.74
Operating Income	11.58	-2.04	10.78	57.45	83.85
Interest Expense	-0.64	-1.59	-2.88	-3.44	-3.37
Interest & Investment Income	8.03	12.9	17.82	3.21	0.47
Currency Exchange Gain (Loss)	0	0.59	0.18	0.3	-0.22
Other Non Operating Income (Expenses)	-0.07	-0.17	-0.14	-0.06	-0.15
EBT Excluding Unusual Items	18.9	9.69	25.75	57.45	80.58
Gain (Loss) on Sale of Investments	-	-	-	0	-
Gain (Loss) on Sale of Assets	0.04	0.07	16.27	0.19	-0.04
Asset Writedown	-0.84	-0.58	-0.82	-0.08	-0.4
Other Unusual Items	5.51	2.76	5.05	10.04	15.19
Pretax Income	23.61	11.94	46.26	67.6	95.33
Income Tax Expense	0.03	-3.38	1.27	2.81	9.8
Earnings From Continuing Operations	23.57	15.32	44.98	64.78	85.53
Minority Interest in Earnings	-2.42	-0.01	-2.17	-4.26	-3.39
Net Income	21.16	15.31	42.81	60.52	82.15
Net Income to Common	21.16	15.31	42.81	60.52	82.15
Net Income Growth	38.14%	-64.23%	-29.26%	-26.33%	-1.64%
Shares Outstanding (Basic)	101	102	102	81	77
Shares Outstanding (Diluted)	101	102	102	81	77
Shares Change (YoY)	-1.33%	0.16%	26.32%	5.02%	-
EPS (Basic)	0.21	0.15	0.42	0.75	1.07
EPS (Diluted)	0.21	0.15	0.42	0.75	1.07
EPS Growth	40.00%	-64.29%	-44.00%	-29.85%	-1.64%
Free Cash Flow	4.84	-21.15	-12.62	-19.15	-58.36
Free Cash Flow Per Share	0.05	-0.21	-0.12	-0.24	-0.76
Dividend Per Share	0.200	0.100	0.350	0.600	-
Dividend Growth	100.00%	-71.43%	-41.67%	-	-
Gross Margin	21.06%	19.18%	21.93%	26.02%	29.09%
Operating Margin	2.43%	-0.44%	2.48%	11.94%	16.09%
Profit Margin	4.44%	3.27%	9.84%	12.57%	15.76%
Free Cash Flow Margin	1.02%	-4.51%	-2.90%	-3.98%	-11.20%
EBITDA	54.92	38.57	42.55	78.54	103.26
EBITDA Margin	11.52%	8.23%	9.78%	16.32%	19.81%
D&A For EBITDA	43.34	40.62	31.77	21.09	19.41
EBIT	11.58	-2.04	10.78	57.45	83.85
EBIT Margin	2.43%	-0.44%	2.48%	11.94%	16.09%
Effective Tax Rate	0.15%	-	2.76%	4.16%	10.28%
Revenue as Reported	476.58	468.5	435.06	481.34	521.14
Advertising Expenses	2.86	2.92	1.34	0.68	1.04

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