SHE:301560 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,077	1,064	914.61	763.69	662.65	548.99
Other Revenue	-	-	63.68	58.4	50.65	44.37
Revenue	1,077	1,064	978.29	822.08	713.29	593.36
Revenue Growth (YoY)	5.97%	8.74%	19.00%	15.25%	20.21%	33.87%
Cost of Revenue	869.5	843.03	743.48	643.13	547.49	471.35
Gross Profit	207.27	220.72	234.81	178.95	165.8	122.01
Selling, General & Admin	102.82	102.18	76.28	66.31	43.85	39.27
Research & Development	46.36	47.86	37.78	36.28	30.91	26.31
Other Operating Expenses	-0.64	0.52	1.13	0.6	4.38	1.6
Operating Expenses	148.54	150.56	119.47	103.8	81.83	67.56
Operating Income	58.73	70.17	115.34	75.15	83.97	54.46
Interest Expense	-	-	-13.19	-9.91	-4.25	-3.77
Interest & Investment Income	0.49	0.34	3.59	1.2	0.7	7.19
Currency Exchange Gain (Loss)	-	-	7.12	22.11	8.77	-7.72
Other Non Operating Income (Expenses)	-13.29	4.13	-1.46	-1.24	-0.64	0.89
EBT Excluding Unusual Items	45.94	74.63	111.4	87.31	88.55	51.05
Gain (Loss) on Sale of Investments	0.47	0.27	-0.12	-2.91	-1.99	0.51
Gain (Loss) on Sale of Assets	-0.36	-0.36	-	0.2	-0.01	0.05
Asset Writedown	-4.64	-5.77	-0	0	-0.01	-0.03
Other Unusual Items	-	-	1.12	1.99	-1.18	1.29
Pretax Income	41.42	68.78	112.4	86.6	85.37	52.88
Income Tax Expense	4.71	6.73	17.14	4.09	7.05	4.01
Earnings From Continuing Operations	36.7	62.04	95.26	82.51	78.32	48.87
Minority Interest in Earnings	1.71	0.95	0.13	0.04	-0.01	0.07
Net Income	38.41	62.99	95.39	82.55	78.31	48.95
Net Income to Common	38.41	62.99	95.39	82.55	78.31	48.95
Net Income Growth	-62.39%	-33.96%	15.55%	5.42%	59.99%	2.76%
Shares Outstanding (Basic)	122	111	91	91	91	87
Shares Outstanding (Diluted)	122	111	91	91	91	87
Shares Change (YoY)	34.14%	21.64%	0.14%	-0.38%	4.18%	-0.91%
EPS (Basic)	0.31	0.57	1.05	0.91	0.86	0.56
EPS (Diluted)	0.31	0.57	1.05	0.91	0.86	0.56
EPS Growth	-71.96%	-45.71%	15.38%	5.81%	53.57%	3.70%
Free Cash Flow	-131.36	-89.65	34.41	-77.19	28.13	-72.11
Free Cash Flow Per Share	-1.07	-0.81	0.38	-0.85	0.31	-0.82
Gross Margin	19.25%	20.75%	24.00%	21.77%	23.24%	20.56%
Operating Margin	5.45%	6.60%	11.79%	9.14%	11.77%	9.18%
Profit Margin	3.57%	5.92%	9.75%	10.04%	10.98%	8.25%
Free Cash Flow Margin	-12.20%	-8.43%	3.52%	-9.39%	3.94%	-12.15%
EBITDA	122.11	131.11	166.56	111.87	115.47	79.71
EBITDA Margin	11.34%	12.32%	17.03%	13.61%	16.19%	13.43%
D&A For EBITDA	63.38	60.95	51.22	36.73	31.5	25.26
EBIT	58.73	70.17	115.34	75.15	83.97	54.46
EBIT Margin	5.45%	6.60%	11.79%	9.14%	11.77%	9.18%
Effective Tax Rate	11.38%	9.79%	15.25%	4.72%	8.26%	7.58%
Revenue as Reported	-	-	978.29	822.08	713.29	593.36

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