SHE:301389 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	749.46	502	287.64	263.9	375.8	428.25
Other Revenue	2.25	2.25	0.3	1.45	0.65	0.09
Revenue	751.71	504.25	287.94	265.36	376.45	428.34
Revenue Growth	102.92%	75.12%	8.51%	-29.51%	-12.12%	0.70%
Cost of Revenue	396.33	258.2	158	153.56	172.99	160.24
Gross Profit	355.38	246.05	129.95	111.8	203.46	268.1
Selling, General & Admin	152.2	87.02	45.72	34.96	22.88	26.86
Research & Development	56.56	34.16	25.27	24.06	21.59	21.39
Other Operating Expenses	8.22	4.8	2.48	0.8	3.4	4.22
Operating Expenses	215.27	127.24	73.86	58.49	45.55	52.1
Operating Income	140.11	118.81	56.09	53.31	157.91	216
Interest Expense	-10.36	-4.64	-0.62	-0.65	-0.33	-0.27
Interest & Investment Income	25.02	31.91	37	54.85	22.57	9.16
Currency Exchange Gain (Loss)	-5.62	-5.62	2.45	3.42	16.46	-2.64
Other Non Operating Income (Expenses)	5.7	0.33	-0.13	-0.1	-0.19	-0.04
EBT Excluding Unusual Items	154.86	140.8	94.79	110.84	196.42	222.22
Gain (Loss) on Sale of Investments	-2.92	-2.61	0.16	1.48	1.33	0.3
Gain (Loss) on Sale of Assets	0.73	0.16	0.01	-0	0.04	0
Asset Writedown	-10.42	-0.02	-0	-0.01	-0.07	-
Other Unusual Items	2.91	2.91	1.92	1.28	0.07	7.64
Pretax Income	145.15	141.25	96.87	113.59	197.79	230.16
Income Tax Expense	31.67	26.61	14.64	16.83	28.93	32.48
Earnings From Continuing Operations	113.48	114.64	82.23	96.76	168.86	197.68
Minority Interest in Earnings	-23.09	-10.86	-	-	-	-
Net Income	90.39	103.78	82.23	96.76	168.86	197.68
Net Income to Common	90.39	103.78	82.23	96.76	168.86	197.68
Net Income Growth	-18.78%	26.20%	-15.02%	-42.70%	-14.58%	18.63%
Shares Outstanding (Basic)	283	280	284	285	225	213
Shares Outstanding (Diluted)	283	280	284	285	225	213
Shares Change	-1.52%	-1.09%	-0.36%	26.41%	5.92%	8.43%
EPS (Basic)	0.32	0.37	0.29	0.34	0.75	0.93
EPS (Diluted)	0.32	0.37	0.29	0.34	0.75	0.93
EPS Growth	-17.53%	27.59%	-14.71%	-54.67%	-19.36%	9.41%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Free Cash Flow	160.79	54.57	6.31	-18.66	156.29	189.4
Free Cash Flow Per Share	0.57	0.20	0.02	-0.07	0.69	0.89
Dividend Per Share	0.097	0.367	0.250	0.300	0.700	-
Dividend Growth	-81.35%	46.80%	-16.67%	-57.14%	-	-
Gross Margin	47.28%	48.80%	45.13%	42.13%	54.05%	62.59%
Operating Margin	18.64%	23.56%	19.48%	20.09%	41.95%	50.43%
Profit Margin	12.03%	20.58%	28.56%	36.46%	44.86%	46.15%
Free Cash Flow Margin	21.39%	10.82%	2.19%	-7.03%	41.52%	44.22%
EBITDA	196.8	158.34	72.74	62.24	165.5	222.42
EBITDA Margin	26.18%	31.40%	25.26%	23.46%	43.96%	51.92%
D&A For EBITDA	56.69	39.53	16.65	8.93	7.59	6.41
EBIT	140.11	118.81	56.09	53.31	157.91	216
EBIT Margin	18.64%	23.56%	19.48%	20.09%	41.95%	50.43%
Effective Tax Rate	21.82%	18.84%	15.11%	14.81%	14.63%	14.11%
Revenue as Reported	751.71	504.25	287.94	265.36	376.45	428.34