SHE:000544 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
Period Ending	Sep '25 Sep 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
Operating Revenue	5,191	5,379	7,674	7,764	5,957	2,016
Other Revenue	64.13	64.13	139.2	87.58	183.73	133.29
Revenue	5,255	5,443	7,813	7,852	6,140	2,150
Revenue Growth (YoY)	-20.91%	-30.33%	-0.50%	27.87%	185.64%	23.57%
Cost of Revenue	2,772	3,034	5,614	6,157	4,829	1,336
Gross Profit	2,483	2,409	2,199	1,696	1,311	813.93
Selling, General & Admin	271.41	273.43	228.4	229.19	160.48	123.87
Research & Development	143.36	114.63	112.52	88.38	91.94	65.96
Other Operating Expenses	28.95	48.32	52.09	-122.25	22.53	-10.1
Operating Expenses	611.17	522.35	460.71	312.26	308.66	188.88
Operating Income	1,872	1,887	1,738	1,383	1,003	625.04
Interest Expense	-744.13	-769.63	-768.63	-557.68	-367.26	-118.47
Interest & Investment Income	4.43	8.38	22.69	25.92	23.47	33.95
Currency Exchange Gain (Loss)	-	-	-	2.17	-	-
Other Non Operating Income (Expenses)	-0.17	-12.67	-15.49	0.51	-1.73	100.12
EBT Excluding Unusual Items	1,135	1,113	976.96	854.18	657.2	640.64
Gain (Loss) on Sale of Investments	-	-	-0.03	-	-	-
Gain (Loss) on Sale of Assets	-0.23	68.33	-0.01	-0.12	-0.02	-2.27
Asset Writedown	-38.76	-87.25	-18.18	-0.9	-31.9	-16.92
Other Unusual Items	30.21	30.21	51.02	34.03	28.22	0.01
Pretax Income	1,126	1,124	1,010	887.19	653.51	621.47
Income Tax Expense	32.55	52.98	105.1	121.44	113.16	103.99
Earnings From Continuing Operations	1,094	1,071	904.66	765.75	540.36	517.48
Minority Interest in Earnings	-33.09	-39.2	-44.54	-51.78	-31.69	-21.39
Net Income	1,061	1,032	860.12	713.96	508.67	496.09
Preferred Dividends & Other Adjustments	33.02	33.02	-	-	-	-
Net Income to Common	1,028	999.15	860.12	713.96	508.67	496.09
Net Income Growth	3.82%	20.00%	20.47%	40.36%	2.54%	6.78%
Shares Outstanding (Basic)	998	975	975	975	978	975
Shares Outstanding (Diluted)	998	975	975	975	978	975
Shares Change (YoY)	2.40%	-	-0.00%	-0.36%	0.36%	0.70%
EPS (Basic)	1.03	1.03	0.88	0.73	0.52	0.51
EPS (Diluted)	1.03	1.03	0.88	0.73	0.52	0.51
EPS Growth	-1.77%	16.16%	20.47%	40.87%	2.17%	6.04%
Free Cash Flow	-1,251	-1,481	-3,366	-3,428	-3,145	-2,256
Free Cash Flow Per Share	-1.25	-1.52	-3.45	-3.52	-3.21	-2.31
Dividend Per Share	0.260	0.260	0.180	0.150	0.250	0.250
Dividend Growth	44.44%	44.44%	20.00%	-40.00%	-	-
Gross Margin	47.25%	44.26%	28.15%	21.59%	21.36%	37.86%
Operating Margin	35.62%	34.67%	22.25%	17.62%	16.33%	29.07%
Profit Margin	19.55%	18.36%	11.01%	9.09%	8.28%	23.08%
Free Cash Flow Margin	-23.80%	-27.21%	-43.09%	-43.65%	-51.22%	-104.93%
EBITDA	2,393	2,354	2,134	1,851	1,260	852.58
EBITDA Margin	45.53%	43.25%	27.31%	23.57%	20.52%	39.66%
D&A For EBITDA	521.08	467.25	395.48	467.56	257.04	227.53
EBIT	1,872	1,887	1,738	1,383	1,003	625.04
EBIT Margin	35.62%	34.67%	22.25%	17.62%	16.33%	29.07%
Effective Tax Rate	2.89%	4.71%	10.41%	13.69%	17.32%	16.73%
Revenue as Reported	5,255	5,443	7,813	7,852	6,140	2,150
Advertising Expenses	-	2.08	1.21	1.05	2.81	2.3

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