SHE:000821 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	7,450	8,668	7,148	4,818	4,035	3,022
Other Revenue	54.88	54.88	65.87	49.91	50.38	37.68
Revenue	7,505	8,723	7,214	4,868	4,086	3,060
Revenue Growth (YoY)	-15.86%	20.92%	48.20%	19.14%	33.52%	35.54%
Cost of Revenue	6,133	7,168	5,742	3,855	3,318	2,478
Gross Profit	1,372	1,555	1,472	1,012	768.05	581.72
Selling, General & Admin	620.42	612.97	544.38	383.35	335.95	267.1
Research & Development	426.9	451.07	457.44	266.01	194.27	153.19
Other Operating Expenses	58.99	31.06	-16.25	0.23	-1.84	2.79
Operating Expenses	1,199	1,182	1,046	692.48	600.39	497.59
Operating Income	173.3	372.67	426.33	319.97	167.66	84.14
Interest Expense	-56.96	-43.99	-42.32	-29.1	-32.02	-32.31
Interest & Investment Income	73.5	82.7	36.4	25.35	32.61	14.47
Currency Exchange Gain (Loss)	34.39	34.39	28.67	45.77	-18.79	-24.03
Other Non Operating Income (Expenses)	3.74	-3.28	-3.68	-2.62	-1.88	-1.62
EBT Excluding Unusual Items	227.98	442.49	445.41	359.38	147.57	40.64
Impairment of Goodwill	-	-	-35.8	-	-	-26.12
Gain (Loss) on Sale of Investments	2.04	2.25	-5.51	-6.2	-10.49	10.2
Gain (Loss) on Sale of Assets	0.01	0.85	1.8	1.12	1.75	1.47
Asset Writedown	-10.64	-2.02	-2.03	-2.25	-0.65	-0.54
Legal Settlements	-0.66	-0.66	-1.3	-1.12	-1.9	-2.6
Other Unusual Items	110.27	87.88	34.08	25.54	-0.92	14.22
Pretax Income	328.99	530.79	436.66	376.48	135.37	37.27
Income Tax Expense	12.23	29.21	43.5	48.41	16.59	1.91
Earnings From Continuing Operations	316.76	501.58	393.16	328.07	118.78	35.36
Minority Interest in Earnings	-36.17	-72.79	-56.64	-26.12	27.06	18.45
Net Income	280.59	428.79	336.52	301.95	145.83	53.81
Net Income to Common	280.59	428.79	336.52	301.95	145.83	53.81
Net Income Growth	-40.43%	27.42%	11.45%	107.05%	171.04%	-
Shares Outstanding (Basic)	622	621	623	616	561	489
Shares Outstanding (Diluted)	622	621	623	616	561	489
Shares Change (YoY)	0.17%	-0.28%	1.13%	9.87%	14.67%	-7.38%
EPS (Basic)	0.45	0.69	0.54	0.49	0.26	0.11
EPS (Diluted)	0.45	0.69	0.54	0.49	0.26	0.11
EPS Growth	-40.53%	27.78%	10.20%	88.46%	136.36%	-
Free Cash Flow	-25.21	-652.06	975.78	-137.08	506.38	179.08
Free Cash Flow Per Share	-0.04	-1.05	1.57	-0.22	0.90	0.37
Dividend Per Share	0.070	0.070	0.087	-	-	-
Dividend Growth	-19.54%	-19.54%	-	-	-	-
Gross Margin	18.28%	17.82%	20.41%	20.80%	18.80%	19.01%
Operating Margin	2.31%	4.27%	5.91%	6.57%	4.10%	2.75%
Profit Margin	3.74%	4.92%	4.67%	6.20%	3.57%	1.76%
Free Cash Flow Margin	-0.34%	-7.47%	13.53%	-2.82%	12.39%	5.85%
EBITDA	287.63	470	501.01	387.97	252.46	156.97
EBITDA Margin	3.83%	5.39%	6.94%	7.97%	6.18%	5.13%
D&A For EBITDA	114.33	97.34	74.68	68	84.81	72.83
EBIT	173.3	372.67	426.33	319.97	167.66	84.14
EBIT Margin	2.31%	4.27%	5.91%	6.57%	4.10%	2.75%
Effective Tax Rate	3.72%	5.50%	9.96%	12.86%	12.26%	5.13%
Revenue as Reported	7,505	8,723	7,214	4,868	4,086	3,060
Advertising Expenses	-	1.66	1.32	1.31	1.34	0.97

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