SHE:002046 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	3,116	2,626	2,741	3,392	3,282	2,309
Other Revenue	31.8	31.8	42.87	44.34	46.36	45.77
Revenue	3,148	2,658	2,784	3,436	3,328	2,355
Revenue Growth (YoY)	23.65%	-4.53%	-18.98%	3.25%	41.30%	12.95%
Cost of Revenue	2,091	1,734	1,886	2,635	2,701	1,867
Gross Profit	1,057	923.88	897.41	801.3	626.44	488.62
Selling, General & Admin	431.04	382.73	364.33	322.69	306.69	262.82
Research & Development	258.6	221	223.12	200.32	161.17	106.37
Other Operating Expenses	30.91	30.63	26.67	27.4	25.02	21.52
Operating Expenses	795.99	691.47	685.41	598.86	507.15	379.49
Operating Income	260.92	232.41	212	202.44	119.29	109.13
Interest Expense	-19.41	-20.33	-26.99	-30.19	-26.79	-29.06
Interest & Investment Income	53.96	9.8	5.24	6.95	4.47	8.85
Currency Exchange Gain (Loss)	3.31	3.31	-1.5	15.93	-4.89	-8.37
Other Non Operating Income (Expenses)	-10.98	-6.23	-5.58	-2.2	-5.63	-8.34
EBT Excluding Unusual Items	287.8	218.95	183.18	192.94	86.45	72.21
Impairment of Goodwill	-	-	-	-	-17.4	-1.73
Gain (Loss) on Sale of Investments	19.76	33.33	-5.95	-25.01	-5.72	-24.68
Gain (Loss) on Sale of Assets	0.18	0.76	0.79	0.58	0.51	0.07
Asset Writedown	-21.41	-4.49	-4.19	-6.07	-0.21	-3.12
Other Unusual Items	84.43	84.43	131.58	91.75	95.6	68.68
Pretax Income	370.76	332.98	305.41	254.2	159.23	111.44
Income Tax Expense	48.03	42.89	35.06	15.91	27.78	24.9
Earnings From Continuing Operations	322.74	290.09	270.35	238.29	131.46	86.54
Minority Interest in Earnings	-41.32	-10.28	-11.54	-5.04	-4.07	-24.26
Net Income	281.41	279.8	258.8	233.25	127.38	62.27
Net Income to Common	281.41	279.8	258.8	233.25	127.38	62.27
Net Income Growth	26.54%	8.11%	10.96%	83.11%	104.55%	126.35%
Shares Outstanding (Basic)	528	526	526	525	524	524
Shares Outstanding (Diluted)	528	526	526	525	524	524
Shares Change (YoY)	0.34%	0.06%	0.11%	0.20%	0.04%	0.03%
EPS (Basic)	0.53	0.53	0.49	0.44	0.24	0.12
EPS (Diluted)	0.53	0.53	0.49	0.44	0.24	0.12
EPS Growth	26.11%	8.05%	10.84%	82.75%	104.46%	126.29%
Free Cash Flow	-1,045	-137.57	151.37	66.87	-32.85	236.73
Free Cash Flow Per Share	-1.98	-0.26	0.29	0.13	-0.06	0.45
Dividend Per Share	0.210	0.210	0.200	0.177	0.102	0.045
Dividend Growth	5.00%	5.00%	12.99%	73.53%	126.67%	181.25%
Gross Margin	33.57%	34.76%	32.24%	23.32%	18.82%	20.75%
Operating Margin	8.29%	8.74%	7.62%	5.89%	3.58%	4.63%
Profit Margin	8.94%	10.53%	9.30%	6.79%	3.83%	2.64%
Free Cash Flow Margin	-33.18%	-5.18%	5.44%	1.95%	-0.99%	10.05%
EBITDA	424.76	390	361.26	351.51	245.98	220.72
EBITDA Margin	13.49%	14.67%	12.98%	10.23%	7.39%	9.37%
D&A For EBITDA	163.84	157.59	149.26	149.07	126.68	111.59
EBIT	260.92	232.41	212	202.44	119.29	109.13
EBIT Margin	8.29%	8.74%	7.62%	5.89%	3.58%	4.63%
Effective Tax Rate	12.95%	12.88%	11.48%	6.26%	17.45%	22.34%
Revenue as Reported	3,148	2,658	2,784	3,436	3,328	2,355
Advertising Expenses	-	1.9	1.51	0.94	0.54	0.65

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