SHE:002041 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	1,165	1,229	1,531	1,311	1,083	891.81
Other Revenue	16.24	16.24	20.85	14.59	17.92	8.93
Revenue	1,181	1,246	1,552	1,326	1,101	900.74
Revenue Growth (YoY)	-20.01%	-19.74%	17.06%	20.45%	22.20%	9.42%
Cost of Revenue	962.51	1,027	1,117	912.84	691.21	671.18
Gross Profit	218.59	218.63	434.59	412.96	409.52	229.57
Selling, General & Admin	190.82	189.73	182.87	162.6	178.95	161.64
Research & Development	71.93	76.68	59.51	44.15	62.26	63.97
Other Operating Expenses	37	7.87	6.67	5.2	6.31	5.79
Operating Expenses	302.49	273.64	252.68	213.15	248.79	231.6
Operating Income	-83.89	-55.01	181.91	199.81	160.73	-2.04
Interest Expense	-1.18	-0.93	-0.59	-0.39	-0.51	-0.56
Interest & Investment Income	60.04	65.31	78.52	105.64	68.58	56.01
Other Non Operating Income (Expenses)	3.36	-0.96	-0.92	-0.53	-0.86	-0.44
EBT Excluding Unusual Items	-21.67	8.41	258.93	304.53	227.94	52.98
Gain (Loss) on Sale of Investments	1.89	4.49	6.64	-23.95	10.98	8.45
Gain (Loss) on Sale of Assets	5.96	-0.73	0.59	-0.36	1.19	-1.02
Asset Writedown	0.11	-0.16	-0.25	-0.02	-1.31	-2.28
Other Unusual Items	86.43	49.83	35.14	12.69	0.76	10.89
Pretax Income	72.73	61.84	301.04	292.89	239.55	69.03
Income Tax Expense	-3.01	-21.82	1.84	3.95	0.89	20.14
Earnings From Continuing Operations	75.74	83.66	299.2	288.95	238.66	48.89
Minority Interest in Earnings	-23.7	-27.03	-43.42	-35.73	-5.87	53.06
Net Income	52.04	56.63	255.78	253.22	232.8	101.96
Net Income to Common	52.04	56.63	255.78	253.22	232.8	101.96
Net Income Growth	-76.24%	-77.86%	1.01%	8.77%	128.33%	145.19%
Shares Outstanding (Basic)	880	881	880	880	880	880
Shares Outstanding (Diluted)	880	881	880	880	880	880
Shares Change (YoY)	0.07%	0.09%	0.00%	-0.03%	0.05%	0.06%
EPS (Basic)	0.06	0.06	0.29	0.29	0.26	0.12
EPS (Diluted)	0.06	0.06	0.29	0.29	0.26	0.12
EPS Growth	-76.26%	-77.88%	1.01%	8.81%	128.21%	145.03%
Free Cash Flow	137.7	-6.65	59.83	-40.99	297.9	336.12
Free Cash Flow Per Share	0.16	-0.01	0.07	-0.05	0.34	0.38
Dividend Per Share	0.029	0.029	0.036	-	0.036	0.035
Dividend Growth	-19.44%	-19.44%	-	-	2.86%	-41.67%
Gross Margin	18.51%	17.55%	28.00%	31.15%	37.20%	25.49%
Operating Margin	-7.10%	-4.42%	11.72%	15.07%	14.60%	-0.23%
Profit Margin	4.41%	4.55%	16.48%	19.10%	21.15%	11.32%
Free Cash Flow Margin	11.66%	-0.53%	3.85%	-3.09%	27.06%	37.32%
EBITDA	-13.76	11.61	243.85	265.51	226.56	69.7
EBITDA Margin	-1.17%	0.93%	15.71%	20.03%	20.58%	7.74%
D&A For EBITDA	70.13	66.62	61.93	65.7	65.83	71.74
EBIT	-83.89	-55.01	181.91	199.81	160.73	-2.04
EBIT Margin	-7.10%	-4.42%	11.72%	15.07%	14.60%	-0.23%
Effective Tax Rate	-	-	0.61%	1.35%	0.37%	29.18%
Revenue as Reported	1,181	1,246	1,552	1,326	1,101	900.74
Advertising Expenses	-	21.61	14.84	11.1	20.69	16.4

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