SHE:000419 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020	2015 - 2019
Operating Revenue	1,924	1,781	1,823	1,815	1,967	1,960	Upgrade
Other Revenue	298.34	301.69	310.1	315.71	361.49	357.89	Upgrade
Revenue	2,222	2,083	2,133	2,131	2,329	2,318	Upgrade
Revenue Growth (YoY)	13.17%	-2.36%	0.11%	-8.52%	0.48%	-36.33%	Upgrade
Cost of Revenue	1,665	1,520	1,520	1,534	1,655	1,576	Upgrade
Gross Profit	557.31	562.16	613.09	596.33	674.42	741.75	Upgrade
Selling, General & Admin	403.41	391.92	428.46	448.75	468.78	558.21	Upgrade
Other Operating Expenses	27.56	26.84	27.72	26.03	28.73	49.46	Upgrade
Operating Expenses	435.2	421.69	455.63	474.86	497.51	607.67	Upgrade
Operating Income	122.11	140.47	157.46	121.47	176.91	134.08	Upgrade
Interest Expense	-26.05	-26.98	-31.17	-39	-59.54	-12.8	Upgrade
Interest & Investment Income	56.93	52.84	54.38	56.87	52.96	117.49	Upgrade
Other Non Operating Income (Expenses)	-13.17	-12.72	-8.36	-3.22	0.97	-3.17	Upgrade
EBT Excluding Unusual Items	139.82	153.61	172.31	136.12	171.31	235.59	Upgrade
Gain (Loss) on Sale of Assets	18.88	48.96	2.66	77.95	12.82	-	Upgrade
Asset Writedown	0.01	-0.34	-0.12	-1.37	0.2	-0.44	Upgrade
Other Unusual Items	8.96	11.65	9.5	-7	18.47	23.25	Upgrade
Pretax Income	167.67	213.88	184.36	205.71	202.8	258.4	Upgrade
Income Tax Expense	32.4	41.76	32.53	40.21	42.09	51.75	Upgrade
Earnings From Continuing Operations	135.26	172.12	151.84	165.5	160.71	206.66	Upgrade
Minority Interest in Earnings	-15.58	-21.87	-22.23	-19.75	-22.23	-25.54	Upgrade
Net Income	119.68	150.26	129.61	145.75	138.47	181.12	Upgrade
Net Income to Common	119.68	150.26	129.61	145.75	138.47	181.12	Upgrade
Net Income Growth	-15.66%	15.93%	-11.08%	5.26%	-23.55%	3.84%	Upgrade
Shares Outstanding (Basic)	544	544	544	544	544	544	Upgrade
Shares Outstanding (Diluted)	544	544	544	544	544	544	Upgrade
Shares Change (YoY)	0.03%	-0.01%	0.00%	-0.00%	0.02%	0.00%	Upgrade
EPS (Basic)	0.22	0.28	0.24	0.27	0.25	0.33	Upgrade
EPS (Diluted)	0.22	0.28	0.24	0.27	0.25	0.33	Upgrade
EPS Growth	-15.68%	15.94%	-11.08%	5.26%	-23.56%	3.83%	Upgrade
Free Cash Flow	90.47	151.05	243.17	13.25	318.34	43.32	Upgrade
Free Cash Flow Per Share	0.17	0.28	0.45	0.02	0.59	0.08	Upgrade
Dividend Per Share	0.150	0.150	0.120	0.150	0.160	0.150	Upgrade
Dividend Growth	25.00%	25.00%	-20.00%	-6.25%	6.67%	-	Upgrade
Gross Margin	25.08%	26.99%	28.74%	27.99%	28.96%	32.00%	Upgrade
Operating Margin	5.50%	6.74%	7.38%	5.70%	7.60%	5.79%	Upgrade
Profit Margin	5.39%	7.22%	6.08%	6.84%	5.95%	7.81%	Upgrade
Free Cash Flow Margin	4.07%	7.25%	11.40%	0.62%	13.67%	1.87%	Upgrade
EBITDA	178.89	199.41	223.2	189.21	245.28	202.44	Upgrade
EBITDA Margin	8.05%	9.58%	10.46%	8.88%	10.53%	8.73%	Upgrade
D&A For EBITDA	56.77	58.94	65.74	67.74	68.37	68.36	Upgrade
EBIT	122.11	140.47	157.46	121.47	176.91	134.08	Upgrade
EBIT Margin	5.50%	6.74%	7.38%	5.70%	7.60%	5.79%	Upgrade
Effective Tax Rate	19.33%	19.52%	17.64%	19.55%	20.76%	20.03%	Upgrade
Revenue as Reported	2,222	2,083	2,133	2,131	2,329	2,318	Upgrade
Advertising Expenses	-	10.13	11.1	8.06	10.59	8.3	Upgrade

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