SHE:002017 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	1,262	1,366	1,365	1,271	1,056	1,049
Other Revenue	18.9	18.9	17.53	14.65	16.91	13.32
Revenue	1,281	1,385	1,382	1,286	1,072	1,063
Revenue Growth (YoY)	-8.65%	0.18%	7.50%	19.88%	0.92%	-9.84%
Cost of Revenue	858.82	948.79	962.25	926.13	819.02	798.87
Gross Profit	421.83	435.84	419.93	359.6	253.47	263.81
Selling, General & Admin	144.31	133.65	135.53	150.8	148	141.88
Research & Development	136.08	135.01	133.48	113.65	102.7	102.56
Other Operating Expenses	2.61	-3.98	0.52	2.89	-4.41	-3.8
Operating Expenses	282.75	264.21	267.84	269.3	246.2	244.09
Operating Income	139.07	171.63	152.09	90.3	7.27	19.73
Interest Expense	-0.22	-0.28	-0.24	-1.21	-0.54	-0.82
Interest & Investment Income	32.77	20.79	35.43	45.4	39.75	29.04
Currency Exchange Gain (Loss)	0.64	0.64	1.38	-1.49	-2.6	-9.55
Other Non Operating Income (Expenses)	3.25	-0.68	-0.7	-16.9	-0.67	-1.1
EBT Excluding Unusual Items	175.68	192.11	187.96	116.1	43.21	37.3
Gain (Loss) on Sale of Investments	-	-	-	-	-3.73	-2.66
Gain (Loss) on Sale of Assets	-0	-0	-	-0.68	-0.6	-1.96
Asset Writedown	-2.3	0.11	-0	-	-	-1.57
Legal Settlements	-0.18	-0.18	-0.11	-	-	-
Other Unusual Items	25.85	17.34	21.07	6.94	14.13	9.76
Pretax Income	199.04	209.38	208.91	122.37	53.01	40.88
Income Tax Expense	14.98	18.11	28.83	21.01	7.8	4.15
Earnings From Continuing Operations	184.06	191.27	180.08	101.35	45.2	36.73
Minority Interest in Earnings	-0.74	-1.46	-8.24	-9.61	-1.75	-1.27
Net Income	183.32	189.81	171.84	91.74	43.46	35.46
Net Income to Common	183.32	189.81	171.84	91.74	43.46	35.46
Net Income Growth	-1.91%	10.46%	87.31%	111.10%	22.56%	-10.26%
Shares Outstanding (Basic)	581	580	580	580	581	580
Shares Outstanding (Diluted)	581	580	580	580	581	580
Shares Change (YoY)	0.01%	0.02%	0.01%	-0.12%	0.11%	6.19%
EPS (Basic)	0.32	0.33	0.30	0.16	0.07	0.06
EPS (Diluted)	0.32	0.33	0.30	0.16	0.07	0.06
EPS Growth	-1.92%	10.44%	87.29%	111.36%	22.42%	-15.49%
Free Cash Flow	160.53	172.38	207.79	248.41	188.21	110.3
Free Cash Flow Per Share	0.28	0.30	0.36	0.43	0.32	0.19
Dividend Per Share	0.164	0.164	0.150	0.077	0.038	0.023
Dividend Growth	9.33%	9.33%	95.06%	99.74%	66.67%	-
Gross Margin	32.94%	31.48%	30.38%	27.97%	23.63%	24.82%
Operating Margin	10.86%	12.40%	11.00%	7.02%	0.68%	1.86%
Profit Margin	14.31%	13.71%	12.43%	7.13%	4.05%	3.34%
Free Cash Flow Margin	12.53%	12.45%	15.03%	19.32%	17.55%	10.38%
EBITDA	166.94	200.99	183.43	125.13	43.33	62.19
EBITDA Margin	13.04%	14.52%	13.27%	9.73%	4.04%	5.85%
D&A For EBITDA	27.87	29.36	31.34	34.83	36.05	42.46
EBIT	139.07	171.63	152.09	90.3	7.27	19.73
EBIT Margin	10.86%	12.40%	11.00%	7.02%	0.68%	1.86%
Effective Tax Rate	7.53%	8.65%	13.80%	17.17%	14.72%	10.15%
Revenue as Reported	1,281	1,385	1,382	1,286	1,072	1,063
Advertising Expenses	-	0.09	0.05	0	0.01	0.08

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