SHE:301505 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	266.57	306.7	389.78	403.32	386
Other Revenue	4.19	1.1	1.04	1.05	1.13
Revenue	270.76	307.81	390.82	404.37	387.13
Revenue Growth (YoY)	-12.04%	-21.24%	-3.35%	4.45%	10.25%
Cost of Revenue	160.86	180.48	209.67	224.71	215.19
Gross Profit	109.9	127.32	181.15	179.65	171.94
Selling, General & Admin	47.73	54.3	53.12	51.13	52.58
Research & Development	23.25	23.36	27.95	24.37	23.36
Other Operating Expenses	2.67	2.55	1.19	1.4	2.82
Operating Expenses	94.78	107.72	106.7	92.76	93.99
Operating Income	15.12	19.61	74.44	86.89	77.95
Interest Expense	-2.26	-2.2	-0.75	-0.58	-0.65
Interest & Investment Income	7.18	14.99	9.74	5.59	5.41
Other Non Operating Income (Expenses)	-0.02	-0.57	-0.11	-0.33	-0.18
EBT Excluding Unusual Items	20.02	31.83	83.33	91.57	82.54
Impairment of Goodwill	-	-2.39	-	-	-
Gain (Loss) on Sale of Investments	2.89	2.89	0.15	-	-0.08
Gain (Loss) on Sale of Assets	0.58	0	0.21	-0.04	0.02
Asset Writedown	-0.08	-	-	-	-
Other Unusual Items	0.39	0.25	6.58	0.97	1.7
Pretax Income	23.81	32.58	90.27	92.5	84.18
Income Tax Expense	1.98	3.75	11.57	12.23	10.01
Earnings From Continuing Operations	21.82	28.83	78.7	80.27	74.17
Minority Interest in Earnings	0.31	0.23	-0.65	-0.72	-1.09
Net Income	22.13	29.06	78.05	79.55	73.08
Net Income to Common	22.13	29.06	78.05	79.55	73.08
Net Income Growth	-23.83%	-62.77%	-1.88%	8.85%	8.01%
Shares Outstanding (Basic)	116	116	98	86	86
Shares Outstanding (Diluted)	116	116	98	86	86
Shares Change (YoY)	0.22%	18.95%	14.16%	-0.14%	0.24%
EPS (Basic)	0.19	0.25	0.80	0.93	0.85
EPS (Diluted)	0.19	0.25	0.80	0.93	0.85
EPS Growth	-24.00%	-68.70%	-14.05%	9.01%	7.76%
Free Cash Flow	22.94	-44.4	-45.34	23.54	18.14
Free Cash Flow Per Share	0.20	-0.38	-0.46	0.28	0.21
Dividend Per Share	0.170	0.201	0.615	-	-
Dividend Growth	-15.34%	-67.32%	-	-	-
Gross Margin	40.59%	41.37%	46.35%	44.43%	44.41%
Operating Margin	5.58%	6.37%	19.05%	21.49%	20.14%
Profit Margin	8.17%	9.44%	19.97%	19.67%	18.88%
Free Cash Flow Margin	8.47%	-14.42%	-11.60%	5.82%	4.69%
EBITDA	23.51	25.92	79.17	91.59	82.1
EBITDA Margin	8.68%	8.42%	20.26%	22.65%	21.21%
D&A For EBITDA	8.39	6.31	4.73	4.7	4.15
EBIT	15.12	19.61	74.44	86.89	77.95
EBIT Margin	5.58%	6.37%	19.05%	21.49%	20.14%
Effective Tax Rate	8.33%	11.50%	12.82%	13.23%	11.89%
Revenue as Reported	270.76	307.81	390.82	404.37	387.13
Advertising Expenses	0.06	0.39	0.73	0.77	0.79

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