SHE:301683 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	977.71	811.2	716.02	657.31
Other Revenue	7.47	5.71	1.36	6.29
Revenue	985.18	816.91	717.37	663.6
Revenue Growth (YoY)	20.60%	13.88%	8.10%	-
Cost of Revenue	550.45	489.95	451.63	482.7
Gross Profit	434.73	326.96	265.74	180.89
Selling, General & Admin	127.55	111.02	109.57	104.49
Research & Development	67.96	54.91	50.6	47.89
Other Operating Expenses	6.53	2.12	2.9	5
Operating Expenses	201.84	171.54	166.58	156.75
Operating Income	232.89	155.42	99.16	24.15
Interest Expense	-0.09	-	-2.62	-3.96
Interest & Investment Income	3.98	4.28	10.5	2.79
Currency Exchange Gain (Loss)	-0.06	0.26	0.07	0.3
Other Non Operating Income (Expenses)	-0.19	1.28	-0.18	0.14
EBT Excluding Unusual Items	236.53	161.24	106.93	23.41
Gain (Loss) on Sale of Investments	-	-	0.91	0.62
Gain (Loss) on Sale of Assets	-0.04	0.37	5.08	0.05
Asset Writedown	-0.21	-0.3	-0.79	-0.14
Other Unusual Items	0.72	3.33	4.15	3.1
Pretax Income	237.01	164.64	116.28	27.05
Income Tax Expense	30.22	18.85	10.65	1.1
Earnings From Continuing Operations	206.79	145.79	105.63	25.95
Minority Interest in Earnings	-	-	2.93	4.14
Net Income	206.79	145.79	108.56	30.09
Net Income to Common	206.79	145.79	108.56	30.09
Net Income Growth	41.84%	34.29%	260.77%	-
Shares Outstanding (Basic)	47	47	46	-
Shares Outstanding (Diluted)	47	47	46	-
Shares Change (YoY)	-0.03%	3.33%	-	-
EPS (Basic)	4.37	3.08	2.37	-
EPS (Diluted)	4.37	3.08	2.37	-
EPS Growth	41.88%	29.96%	-	-
Free Cash Flow	98.07	68.74	87.53	10.95
Free Cash Flow Per Share	2.07	1.45	1.91	-
Dividend Per Share	-	0.730	-	-
Gross Margin	44.13%	40.02%	37.04%	27.26%
Operating Margin	23.64%	19.03%	13.82%	3.64%
Profit Margin	20.99%	17.85%	15.13%	4.54%
Free Cash Flow Margin	9.95%	8.41%	12.20%	1.65%
EBITDA	259.26	180.27	123.87	48.36
EBITDA Margin	26.32%	22.07%	17.27%	7.29%
D&A For EBITDA	26.37	24.85	24.7	24.22
EBIT	232.89	155.42	99.16	24.15
EBIT Margin	23.64%	19.03%	13.82%	3.64%
Effective Tax Rate	12.75%	11.45%	9.16%	4.05%

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