SHE:301419 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	Dec '21 Dec 31, 2021
Operating Revenue	436.94	340.11	377.48	392.21	363.29
Other Revenue	-	11.09	9.76	6.28	8.92
Revenue	436.94	351.2	387.24	398.49	372.21
Revenue Growth (YoY)	24.41%	-9.31%	-2.82%	7.06%	21.25%
Cost of Revenue	271.46	221.54	241.12	251.43	228.74
Gross Profit	165.47	129.66	146.12	147.06	143.47
Selling, General & Admin	58.21	57.52	59.27	37.04	32.86
Research & Development	35.21	33.75	36.35	26.68	27.07
Other Operating Expenses	2.66	3.51	4.26	2.39	0.73
Operating Expenses	96.07	95.57	96.78	67.91	61.02
Operating Income	69.4	34.09	49.34	79.14	82.45
Interest Expense	-	-0.35	-2.14	-7.77	-3.37
Interest & Investment Income	0.01	14.66	7.41	0.52	0.93
Currency Exchange Gain (Loss)	-	4.07	2.56	8.09	-1.97
Other Non Operating Income (Expenses)	3.08	-0.31	-0.35	-0.08	-0.14
EBT Excluding Unusual Items	72.49	52.15	56.82	79.91	77.91
Gain (Loss) on Sale of Assets	-0.22	0.02	0.12	0.1	0.11
Asset Writedown	-3.11	-0.31	-1.04	-0.02	-0.22
Other Unusual Items	-	1.57	5.01	1.06	0.18
Pretax Income	69.16	53.43	60.91	81.05	77.97
Income Tax Expense	6.77	8.95	5.43	6.99	7.86
Earnings From Continuing Operations	62.39	44.48	55.49	74.06	70.12
Minority Interest in Earnings	1.2	1.3	1.23	0.21	0.09
Net Income	63.6	45.78	56.71	74.27	70.2
Net Income to Common	63.6	45.78	56.71	74.27	70.2
Net Income Growth	38.91%	-19.28%	-23.64%	5.79%	1.21%
Shares Outstanding (Basic)	120	120	115	90	90
Shares Outstanding (Diluted)	120	120	115	90	90
Shares Change (YoY)	-0.01%	4.36%	27.78%	-0.01%	-0.52%
EPS (Basic)	0.53	0.38	0.49	0.83	0.78
EPS (Diluted)	0.53	0.38	0.49	0.83	0.78
EPS Growth	38.92%	-22.65%	-40.24%	5.81%	1.74%
Free Cash Flow	68.76	28.55	90.34	15.94	-8.79
Free Cash Flow Per Share	0.57	0.24	0.79	0.18	-0.10
Dividend Per Share	-	0.417	0.417	0.417	-
Gross Margin	37.87%	36.92%	37.73%	36.90%	38.55%
Operating Margin	15.88%	9.71%	12.74%	19.86%	22.15%
Profit Margin	14.56%	13.04%	14.65%	18.64%	18.86%
Free Cash Flow Margin	15.74%	8.13%	23.33%	4.00%	-2.36%
EBITDA	92.32	56.14	70.28	95.85	91.92
EBITDA Margin	21.13%	15.98%	18.15%	24.05%	24.70%
D&A For EBITDA	22.92	22.05	20.94	16.71	9.47
EBIT	69.4	34.09	49.34	79.14	82.45
EBIT Margin	15.88%	9.71%	12.74%	19.86%	22.15%
Effective Tax Rate	9.78%	16.74%	8.91%	8.62%	10.08%
Revenue as Reported	-	351.2	387.24	398.49	372.21

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