SHE:002044 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	10,442	10,657	10,870	8,602	9,200	7,824
Other Revenue	45.22	45.22	23.21	14.18	15.96	24.07
Revenue	10,487	10,702	10,894	8,616	9,216	7,848
Revenue Growth (YoY)	-2.45%	-1.76%	26.44%	-6.51%	17.43%	-7.94%
Cost of Revenue	6,086	6,123	6,232	5,649	5,580	4,934
Gross Profit	4,400	4,579	4,661	2,967	3,636	2,914
Selling, General & Admin	3,280	3,430	3,395	2,863	2,819	2,474
Research & Development	54.32	54.96	62.65	56.35	60.22	45.91
Other Operating Expenses	3	4.96	3.73	2.6	1.76	1.12
Operating Expenses	3,427	3,626	3,446	3,074	2,962	2,675
Operating Income	973.26	952.39	1,216	-106.83	674.33	239.16
Interest Expense	-313.08	-319.37	-303.68	-291.43	-353.66	-373.79
Interest & Investment Income	23.95	25.11	21.63	14.06	88.04	1,267
Currency Exchange Gain (Loss)	0.03	0.03	-0.02	-0.33	2.17	73.58
Other Non Operating Income (Expenses)	-35.97	-20.21	-33.94	-24.98	-32.81	-86.88
EBT Excluding Unusual Items	648.19	637.95	899.55	-409.52	378.07	1,119
Impairment of Goodwill	-6.71	-6.71	-41.86	-	-	-327.3
Gain (Loss) on Sale of Investments	10.99	-29.37	1.78	5.84	-0.57	-4.43
Gain (Loss) on Sale of Assets	-10.23	-8.49	-6.89	-8.16	-6.17	-4.92
Asset Writedown	-17.68	-18.24	-26.96	-66.84	-28.27	-36.77
Legal Settlements	-	-	-	-	-7.92	-5.6
Other Unusual Items	17.37	17.37	22.43	27.96	29.61	36.51
Pretax Income	641.94	592.52	848.06	-450.72	364.75	776.32
Income Tax Expense	222.03	183.53	179.23	50.86	205.57	140.56
Earnings From Continuing Operations	419.91	408.99	668.82	-501.58	159.19	635.76
Minority Interest in Earnings	-110.44	-126.75	-163.2	-57.44	-97.61	-84.74
Net Income	309.47	282.24	505.62	-559.02	61.58	551.02
Net Income to Common	309.47	282.24	505.62	-559.02	61.58	551.02
Net Income Growth	0.76%	-44.18%	-	-	-88.83%	-
Shares Outstanding (Basic)	6,074	4,032	3,889	3,993	3,079	3,936
Shares Outstanding (Diluted)	6,074	4,032	3,889	3,993	3,079	3,936
Shares Change (YoY)	106.06%	3.67%	-2.60%	29.69%	-21.77%	4.48%
EPS (Basic)	0.05	0.07	0.13	-0.14	0.02	0.14
EPS (Diluted)	0.05	0.07	0.13	-0.14	0.02	0.14
EPS Growth	-51.10%	-46.15%	-	-	-85.71%	-
Free Cash Flow	1,358	1,216	1,616	1,128	1,624	656.36
Free Cash Flow Per Share	0.22	0.30	0.41	0.28	0.53	0.17
Dividend Per Share	0.013	0.013	0.019	-	-	-
Dividend Growth	-28.95%	-28.95%	-	-	-	-
Gross Margin	41.96%	42.78%	42.79%	34.44%	39.46%	37.13%
Operating Margin	9.28%	8.90%	11.16%	-1.24%	7.32%	3.05%
Profit Margin	2.95%	2.64%	4.64%	-6.49%	0.67%	7.02%
Free Cash Flow Margin	12.95%	11.36%	14.83%	13.09%	17.62%	8.36%
EBITDA	1,403	1,393	1,672	337.89	1,094	646.8
EBITDA Margin	13.38%	13.02%	15.35%	3.92%	11.87%	8.24%
D&A For EBITDA	429.52	440.95	456.19	444.73	419.94	407.64
EBIT	973.26	952.39	1,216	-106.83	674.33	239.16
EBIT Margin	9.28%	8.90%	11.16%	-1.24%	7.32%	3.05%
Effective Tax Rate	34.59%	30.97%	21.13%	-	56.36%	18.11%
Revenue as Reported	10,487	10,702	10,894	8,616	9,216	7,848
Advertising Expenses	-	100.49	72.53	67.81	94.96	94.03

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