SHE:301398 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	Mar '26 Mar 31, 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	452.88	423.99	404.84	346.83	265.98	214.68
Other Revenue	-	4.86	3.77	5.39	4.63	4.33
Revenue	452.88	428.85	408.6	352.22	270.61	219.01
Revenue Growth (YoY)	9.23%	4.95%	16.01%	30.16%	23.56%	25.88%
Cost of Revenue	346.21	317.72	268.36	229.57	170.66	127.67
Gross Profit	106.67	111.12	140.25	122.64	99.95	91.35
Selling, General & Admin	46.47	39.13	38.04	32.73	24.24	21.57
Research & Development	32.67	29.12	21.3	19.81	15.06	11.17
Other Operating Expenses	-3.48	3.21	4.08	3.42	3.13	1.84
Operating Expenses	75.67	74.52	66.06	58.31	46	35.74
Operating Income	31	36.6	74.18	64.33	53.95	55.6
Interest Expense	-	-0.44	-	-0.07	-1.99	-1.33
Interest & Investment Income	4.12	7.85	10.08	14.89	0.54	1.04
Currency Exchange Gain (Loss)	-	-0.8	0.98	2.33	6.23	-1.91
Other Non Operating Income (Expenses)	-4.16	-0.17	-0.41	-0.45	0.27	-0.27
EBT Excluding Unusual Items	30.96	43.04	84.83	81.04	59	53.13
Gain (Loss) on Sale of Investments	0.9	0.28	0.45	-	0.01	0.7
Gain (Loss) on Sale of Assets	0.39	0.25	-	-	-	-
Asset Writedown	-21.74	-0.01	-0.06	-0.03	-0.12	-0.24
Other Unusual Items	-	6.28	5.94	9.71	4.33	7.85
Pretax Income	10.52	49.84	91.15	90.71	63.23	61.45
Income Tax Expense	-2.9	3.84	10.82	10.63	7	7.8
Net Income	13.42	46.01	80.33	80.08	56.23	53.65
Net Income to Common	13.42	46.01	80.33	80.08	56.23	53.65
Net Income Growth	-83.15%	-42.73%	0.31%	42.42%	4.82%	-10.89%
Shares Outstanding (Basic)	112	112	112	112	84	84
Shares Outstanding (Diluted)	112	112	112	112	84	84
Shares Change (YoY)	0.57%	0.58%	-0.48%	33.86%	-0.75%	0.45%
EPS (Basic)	0.12	0.41	0.72	0.71	0.67	0.64
EPS (Diluted)	0.12	0.41	0.72	0.71	0.67	0.64
EPS Growth	-83.24%	-43.06%	0.80%	6.39%	5.62%	-11.29%
Free Cash Flow	-346.7	-212.55	-102.85	-18.09	-40.57	-58.23
Free Cash Flow Per Share	-3.09	-1.89	-0.92	-0.16	-0.48	-0.69
Dividend Per Share	-	0.150	0.375	0.250	0.225	-
Dividend Growth	-	-60.00%	50.00%	11.11%	-	-
Gross Margin	23.55%	25.91%	34.32%	34.82%	36.93%	41.71%
Operating Margin	6.85%	8.53%	18.15%	18.27%	19.94%	25.39%
Profit Margin	2.96%	10.73%	19.66%	22.74%	20.78%	24.49%
Free Cash Flow Margin	-76.55%	-49.56%	-25.17%	-5.14%	-14.99%	-26.59%
EBITDA	68.78	72.21	105.86	89.77	77.12	72.33
EBITDA Margin	15.19%	16.84%	25.91%	25.49%	28.50%	33.02%
D&A For EBITDA	37.77	35.61	31.67	25.43	23.17	16.72
EBIT	31	36.6	74.18	64.33	53.95	55.6
EBIT Margin	6.85%	8.53%	18.15%	18.27%	19.94%	25.39%
Effective Tax Rate	-	7.69%	11.87%	11.71%	11.07%	12.70%
Revenue as Reported	-	428.85	408.6	352.22	270.61	219.01

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