SHE:301586 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	763.76	626.66	461.83	590.03	426.02
Other Revenue	-	0.17	1.1	1.81	1.81
Revenue	763.76	626.83	462.93	591.84	427.83
Revenue Growth (YoY)	21.84%	35.41%	-21.78%	38.33%	82.13%
Cost of Revenue	625.17	452.51	312.68	340.6	232.15
Gross Profit	138.59	174.32	150.24	251.24	195.68
Selling, General & Admin	47.34	38.5	35.02	39.88	30.82
Research & Development	47.16	34.16	33.16	37.26	21.29
Other Operating Expenses	-20.49	0.58	0.66	6.73	2.6
Operating Expenses	74.02	88	67.16	90.48	58.29
Operating Income	64.58	86.32	83.08	160.77	137.39
Interest Expense	-	-2.46	-0.76	-3.77	-2.98
Interest & Investment Income	1.18	4.91	4.86	1.92	0.62
Other Non Operating Income (Expenses)	3.39	-0.03	-0.03	-0.05	0.66
EBT Excluding Unusual Items	69.15	88.74	87.16	158.86	135.69
Gain (Loss) on Sale of Investments	0.15	-	-	-0.08	-
Gain (Loss) on Sale of Assets	-0	-0	-0.07	-0.02	-0.07
Asset Writedown	-8.67	-0.04	-0.01	-	-0.13
Other Unusual Items	-	24.76	28.48	11.55	13.26
Pretax Income	60.63	113.46	115.56	170.32	148.75
Income Tax Expense	3.31	13.06	13.05	20.05	20.02
Net Income	57.32	100.41	102.51	150.26	128.74
Net Income to Common	57.32	100.41	102.51	150.26	128.74
Net Income Growth	-42.91%	-2.05%	-31.78%	16.72%	136.78%
Shares Outstanding (Basic)	83	69	62	62	55
Shares Outstanding (Diluted)	83	69	62	62	55
Shares Change (YoY)	19.97%	11.46%	-0.17%	14.08%	4.34%
EPS (Basic)	0.69	1.45	1.65	2.41	2.36
EPS (Diluted)	0.69	1.45	1.65	2.41	2.36
EPS Growth	-52.41%	-12.12%	-31.54%	2.12%	126.92%
Free Cash Flow	118.29	-89.96	124.28	-19.67	-66.39
Free Cash Flow Per Share	1.42	-1.30	2.00	-0.32	-1.22
Dividend Per Share	-	0.480	-	-	-
Gross Margin	18.15%	27.81%	32.45%	42.45%	45.74%
Operating Margin	8.46%	13.77%	17.95%	27.16%	32.11%
Profit Margin	7.51%	16.02%	22.14%	25.39%	30.09%
Free Cash Flow Margin	15.49%	-14.35%	26.85%	-3.32%	-15.52%
EBITDA	116.19	130.57	126.7	186.27	151.96
EBITDA Margin	15.21%	20.83%	27.37%	31.47%	35.52%
D&A For EBITDA	51.61	44.25	43.62	25.51	14.57
EBIT	64.58	86.32	83.08	160.77	137.39
EBIT Margin	8.46%	13.77%	17.95%	27.16%	32.11%
Effective Tax Rate	5.45%	11.51%	11.30%	11.77%	13.46%
Revenue as Reported	-	626.83	462.93	-	427.83
Advertising Expenses	-	-	-	0.01	0.3

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