SHE:002003 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	4,655	4,603	3,858	3,580	3,307	2,459
Other Revenue	71.61	71.61	48.5	47.58	48.23	37.52
Revenue	4,727	4,674	3,907	3,628	3,356	2,496
Revenue Growth (YoY)	3.16%	19.66%	7.67%	8.12%	34.44%	-8.30%
Cost of Revenue	2,719	2,726	2,310	2,213	2,081	1,535
Gross Profit	2,008	1,949	1,597	1,415	1,274	961.62
Selling, General & Admin	967.81	918.67	753.47	683.65	574.42	504.32
Research & Development	179.54	180.64	159.79	151.38	138.6	103.29
Other Operating Expenses	39	25.99	25.15	39.48	30.64	22.52
Operating Expenses	1,188	1,130	945.08	871.05	755.84	630.49
Operating Income	819.68	818.81	651.49	543.61	518.38	331.12
Interest Expense	-31.34	-32.5	-35.11	-26	-16.11	-14.6
Interest & Investment Income	29.14	45.36	34.35	20.73	19.6	126.8
Currency Exchange Gain (Loss)	10.09	10.09	8.67	47.89	-9.93	-19.09
Other Non Operating Income (Expenses)	-46.13	-9.47	-11.19	-11.03	-7.06	-4.93
EBT Excluding Unusual Items	781.43	832.29	648.21	575.2	504.89	419.3
Gain (Loss) on Sale of Investments	-	-0.07	0.36	0.36	0.36	0.36
Gain (Loss) on Sale of Assets	-0.18	-0.65	20.94	-0.75	-4.06	0.55
Asset Writedown	-2.59	-2.59	-3.27	-22.26	-6.94	-1.49
Other Unusual Items	18.01	18.01	-	27.41	21.54	39.87
Pretax Income	796.66	846.98	666.23	579.96	515.79	458.59
Income Tax Expense	130.89	140	109.09	93.14	70.41	63.44
Earnings From Continuing Operations	665.78	706.98	557.14	486.82	445.38	395.15
Net Income to Company	665.78	706.98	557.14	486.82	445.38	395.15
Minority Interest in Earnings	-5.71	-6.65	0.97	1.83	3.26	1.12
Net Income	660.07	700.33	558.11	488.65	448.64	396.27
Net Income to Common	660.07	700.33	558.11	488.65	448.64	396.27
Net Income Growth	1.64%	25.48%	14.21%	8.92%	13.22%	36.34%
Shares Outstanding (Basic)	1,160	1,167	1,053	1,018	997	991
Shares Outstanding (Diluted)	1,160	1,167	1,053	1,018	997	991
Shares Change (YoY)	-0.68%	10.85%	3.44%	2.11%	0.64%	2.26%
EPS (Basic)	0.57	0.60	0.53	0.48	0.45	0.40
EPS (Diluted)	0.57	0.60	0.53	0.48	0.45	0.40
EPS Growth	2.34%	13.21%	10.42%	6.67%	12.50%	33.33%
Free Cash Flow	162.7	324.12	16.4	60.62	184.78	280.73
Free Cash Flow Per Share	0.14	0.28	0.02	0.06	0.18	0.28
Dividend Per Share	0.400	0.500	0.450	0.350	0.385	0.308
Dividend Growth	-38.46%	11.11%	28.57%	-9.00%	24.99%	-
Gross Margin	42.47%	41.69%	40.87%	38.99%	37.97%	38.52%
Operating Margin	17.34%	17.52%	16.68%	14.98%	15.45%	13.27%
Profit Margin	13.96%	14.98%	14.29%	13.47%	13.37%	15.88%
Free Cash Flow Margin	3.44%	6.93%	0.42%	1.67%	5.51%	11.25%
EBITDA	1,089	1,078	895.69	747.57	692.27	499.91
EBITDA Margin	23.04%	23.05%	22.93%	20.61%	20.63%	20.03%
D&A For EBITDA	269.61	258.72	244.2	203.96	173.89	168.79
EBIT	819.68	818.81	651.49	543.61	518.38	331.12
EBIT Margin	17.34%	17.52%	16.68%	14.98%	15.45%	13.27%
Effective Tax Rate	16.43%	16.53%	16.38%	16.06%	13.65%	13.83%
Revenue as Reported	4,727	4,674	3,907	3,628	3,356	2,496
Advertising Expenses	-	-	-	-	0.44	0.58

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