SHE:301502 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	401.99	464.13	470.52	452.78	498.54
Other Revenue	-	19.28	5.44	10.66	-
Revenue	401.99	483.41	475.96	463.44	498.54
Revenue Growth (YoY)	-16.84%	1.57%	2.70%	-7.04%	25.97%
Cost of Revenue	326.31	391	362.57	348.1	374.62
Gross Profit	75.68	92.41	113.39	115.33	123.92
Selling, General & Admin	33.8	38.25	25.85	23.56	24.52
Research & Development	16.4	18.84	19.82	21.87	19.68
Other Operating Expenses	-0.14	-0.18	0.67	2.96	2.71
Operating Expenses	50.06	60.33	48.57	46.43	49.01
Operating Income	25.62	32.09	64.82	68.9	74.91
Interest Expense	-	-1.1	-1.55	-2.41	-1.38
Interest & Investment Income	4.64	4.91	0.14	0.17	0.45
Currency Exchange Gain (Loss)	-	0.07	0.05	0.15	-0.09
Other Non Operating Income (Expenses)	-2.86	-0.05	0.06	-0.12	0.12
EBT Excluding Unusual Items	27.4	35.92	63.52	66.69	74.01
Gain (Loss) on Sale of Investments	0.31	0.16	-0	0	-0.03
Gain (Loss) on Sale of Assets	-0	-0.05	0.04	0.03	-
Asset Writedown	-5.48	-0.28	-0.05	-0.08	-0.91
Legal Settlements	-	0.06	0.21	-0.27	-
Other Unusual Items	-	1.7	9.24	3.58	1.06
Pretax Income	22.22	37.51	72.96	69.96	74.14
Income Tax Expense	0.95	3.87	7.63	6.47	9
Earnings From Continuing Operations	21.27	33.64	65.33	63.48	65.14
Minority Interest in Earnings	0.04	0	0.02	0.01	0.03
Net Income	21.31	33.65	65.35	63.5	65.17
Net Income to Common	21.31	33.65	65.35	63.5	65.17
Net Income Growth	-36.66%	-48.51%	2.92%	-2.57%	7.96%
Shares Outstanding (Basic)	57	56	43	43	43
Shares Outstanding (Diluted)	57	56	43	43	43
Shares Change (YoY)	1.78%	30.99%	-0.00%	-0.14%	0.15%
EPS (Basic)	0.37	0.60	1.53	1.48	1.52
EPS (Diluted)	0.37	0.60	1.53	1.48	1.52
EPS Growth	-37.77%	-60.69%	2.93%	-2.43%	7.80%
Free Cash Flow	-19.67	-23.71	7.32	-38.86	-50.06
Free Cash Flow Per Share	-0.34	-0.42	0.17	-0.91	-1.17
Dividend Per Share	-	0.350	0.525	-	-
Dividend Growth	-	-33.33%	-	-	-
Gross Margin	18.82%	19.12%	23.82%	24.89%	24.86%
Operating Margin	6.37%	6.64%	13.62%	14.87%	15.02%
Profit Margin	5.30%	6.96%	13.73%	13.70%	13.07%
Free Cash Flow Margin	-4.89%	-4.91%	1.54%	-8.38%	-10.04%
EBITDA	53.58	54.48	86.39	85.42	87.42
EBITDA Margin	13.33%	11.27%	18.15%	18.43%	17.54%
D&A For EBITDA	27.97	22.39	21.57	16.52	12.52
EBIT	25.62	32.09	64.82	68.9	74.91
EBIT Margin	6.37%	6.64%	13.62%	14.87%	15.02%
Effective Tax Rate	4.29%	10.31%	10.45%	9.25%	12.13%
Revenue as Reported	-	483.41	475.96	463.44	-
Advertising Expenses	-	0.29	0.51	0.3	0.05

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