SHE:000789 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	5,236	5,927	8,168	11,259	14,158	12,512
Other Revenue	29.89	29.89	22.07	22.32	46.13	17.39
Revenue	5,266	5,957	8,190	11,282	14,205	12,529
Revenue Growth (YoY)	-15.37%	-27.27%	-27.40%	-20.58%	13.37%	10.00%
Cost of Revenue	4,306	4,930	6,686	9,314	10,319	9,004
Gross Profit	959.9	1,026	1,505	1,968	3,886	3,525
Selling, General & Admin	692.77	734.81	799.61	1,004	810.88	692.54
Research & Development	58.02	50.26	35.95	23.62	24.98	37.58
Other Operating Expenses	85.06	82.38	70.37	54.19	34.11	32.03
Operating Expenses	852.53	904.15	988.36	1,172	892.82	776.98
Operating Income	107.37	122.28	516.19	795.85	2,993	2,748
Interest Expense	-98.05	-110.62	-121.94	-103.96	-103.79	-50.63
Interest & Investment Income	79.15	92.06	126.48	277.52	255.55	125.32
Currency Exchange Gain (Loss)	0	0	0	-0	-	-
Other Non Operating Income (Expenses)	-7.21	-1.23	-0.03	-8.8	-2.76	1.74
EBT Excluding Unusual Items	81.26	102.49	520.7	960.61	3,142	2,825
Impairment of Goodwill	-11.15	-11.15	-15.73	-12.61	-48.95	-6.52
Gain (Loss) on Sale of Investments	-17.39	-16.75	17.6	-97.39	-96.28	80.81
Gain (Loss) on Sale of Assets	38.89	18.19	2.43	-6.31	27.37	-0.87
Asset Writedown	-46.23	-46.48	-56.48	-107.7	-3.59	-12.45
Other Unusual Items	72.45	72.45	40.04	64.95	15.26	-24.56
Pretax Income	117.83	118.74	508.55	801.56	3,035	2,861
Income Tax Expense	100.57	99.53	193.62	217.07	728.02	664.43
Earnings From Continuing Operations	17.26	19.2	314.93	584.49	2,307	2,197
Minority Interest in Earnings	-3.58	-6.04	-86.34	-195.92	-714.19	-716.22
Net Income	13.68	13.17	228.59	388.57	1,593	1,481
Net Income to Common	13.68	13.17	228.59	388.57	1,593	1,481
Net Income Growth	-	-94.24%	-41.17%	-75.61%	7.61%	8.15%
Shares Outstanding (Basic)	782	798	797	797	797	797
Shares Outstanding (Diluted)	782	798	797	817	836	837
Shares Change (YoY)	-1.49%	0.10%	-2.39%	-2.30%	-0.17%	5.03%
EPS (Basic)	0.02	0.02	0.29	0.49	2.00	1.86
EPS (Diluted)	0.02	0.02	0.29	0.48	1.91	1.77
EPS Growth	-	-94.25%	-39.73%	-75.04%	7.80%	2.97%
Free Cash Flow	688.84	558.7	158.16	-178.97	647.32	737.07
Free Cash Flow Per Share	0.88	0.70	0.20	-0.22	0.77	0.88
Dividend Per Share	0.150	0.150	0.090	0.260	0.800	0.700
Dividend Growth	66.67%	66.67%	-65.39%	-67.50%	14.29%	-
Gross Margin	18.23%	17.23%	18.37%	17.44%	27.35%	28.14%
Operating Margin	2.04%	2.05%	6.30%	7.05%	21.07%	21.94%
Profit Margin	0.26%	0.22%	2.79%	3.44%	11.22%	11.82%
Free Cash Flow Margin	13.08%	9.38%	1.93%	-1.59%	4.56%	5.88%
EBITDA	674.55	685.67	1,075	1,361	3,527	3,165
EBITDA Margin	12.81%	11.51%	13.12%	12.06%	24.83%	25.26%
D&A For EBITDA	567.18	563.39	558.34	565.21	534.61	416.72
EBIT	107.37	122.28	516.19	795.85	2,993	2,748
EBIT Margin	2.04%	2.05%	6.30%	7.05%	21.07%	21.94%
Effective Tax Rate	85.35%	83.83%	38.07%	27.08%	23.98%	23.22%
Revenue as Reported	5,266	5,957	8,190	11,282	14,205	12,529
Advertising Expenses	-	2.69	4.84	3.52	6	5.37

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