SHE:001914 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Jan '21 Jan 1, 2021
Revenue	18,954	17,172	15,627	13,024	10,591	8,651
Revenue Growth (YoY)	11.95%	9.89%	19.99%	22.97%	22.42%	42.34%
Cost of Revenue	16,665	15,119	13,821	11,551	9,244	7,470
Gross Profit	2,289	2,053	1,806	1,473	1,347	1,181
Selling, General & Admin	832.11	716.9	699.33	540.16	473.56	412.99
Research & Development	79.07	78.15	98.9	48.26	37.54	19.62
Other Operating Expenses	144.52	88.56	28.62	26.2	41.62	28.54
Operating Expenses	1,098	921.78	863.71	647.57	579.19	461.43
Operating Income	1,190	1,131	942.26	825.56	767.93	719.31
Interest Expense	-30.62	-47.55	-94.85	-117.13	-144.39	-184.67
Interest & Investment Income	29.66	40.87	53.13	80.04	30.07	20.14
Currency Exchange Gain (Loss)	0.03	0.03	0.04	-0.01	-0.05	-0.02
Other Non Operating Income (Expenses)	-26.15	-20.51	-21.61	-6.44	-5.47	3.16
EBT Excluding Unusual Items	1,163	1,104	878.97	782.01	648.1	557.92
Gain (Loss) on Sale of Investments	10.82	0.55	5.97	-8.46	106.7	-0.01
Gain (Loss) on Sale of Assets	3.77	2.5	0.59	0.85	1.07	-0.24
Asset Writedown	-1.86	-0.79	-1.48	-1.84	-0.93	-0.47
Other Unusual Items	49.23	32.4	44.36	49.03	-8.56	71.75
Pretax Income	1,225	1,139	928.41	821.58	746.37	628.96
Income Tax Expense	303.84	269.25	189.75	252.81	293.73	217.97
Earnings From Continuing Operations	921.5	869.47	738.65	568.77	452.64	410.99
Net Income to Company	921.5	869.47	738.65	568.77	452.64	410.99
Minority Interest in Earnings	-14.63	-28.98	-2.93	24.74	60.23	26.43
Net Income	906.87	840.5	735.73	593.51	512.87	437.41
Net Income to Common	906.87	840.5	735.73	593.51	512.87	437.41
Net Income Growth	19.22%	14.24%	23.96%	15.72%	17.25%	52.82%
Shares Outstanding (Basic)	1,059	1,060	1,060	1,060	1,060	1,060
Shares Outstanding (Diluted)	1,059	1,060	1,060	1,060	1,060	1,060
Shares Change (YoY)	-0.08%	0.00%	-0.01%	0.01%	-0.01%	51.52%
EPS (Basic)	0.86	0.79	0.69	0.56	0.48	0.41
EPS (Diluted)	0.86	0.79	0.69	0.56	0.48	0.41
EPS Growth	19.32%	14.24%	23.98%	15.71%	17.26%	0.86%
Free Cash Flow	1,708	1,813	1,786	966.9	684.16	957.02
Free Cash Flow Per Share	1.61	1.71	1.68	0.91	0.65	0.90
Dividend Per Share	0.240	0.240	0.170	0.120	0.100	0.130
Dividend Growth	41.23%	41.23%	41.67%	20.00%	-23.08%	30.00%
Gross Margin	12.07%	11.96%	11.56%	11.31%	12.72%	13.65%
Operating Margin	6.28%	6.59%	6.03%	6.34%	7.25%	8.31%
Profit Margin	4.78%	4.90%	4.71%	4.56%	4.84%	5.06%
Free Cash Flow Margin	9.01%	10.55%	11.43%	7.42%	6.46%	11.06%
EBITDA	1,224	1,174	998.14	871.67	804.33	754.84
EBITDA Margin	6.46%	6.84%	6.39%	6.69%	7.60%	8.72%
D&A For EBITDA	33.22	42.93	55.88	46.11	36.4	35.53
EBIT	1,190	1,131	942.26	825.56	767.93	719.31
EBIT Margin	6.28%	6.59%	6.03%	6.34%	7.25%	8.31%
Effective Tax Rate	24.80%	23.64%	20.44%	30.77%	39.36%	34.66%
Revenue as Reported	1,782	-	-	-	10,591	8,651
Advertising Expenses	-	0.94	0.42	0.81	2.04	12.03

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.