SHE:002048 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	26,862	25,795	22,714	18,934	16,809	15,849
Other Revenue	529.92	529.92	568.9	782.56	778.59	1,044
Revenue	27,392	26,324	23,282	19,716	17,588	16,892
Revenue Growth (YoY)	9.43%	13.07%	18.09%	12.10%	4.12%	-1.18%
Cost of Revenue	22,850	22,171	19,548	16,449	14,289	13,794
Gross Profit	4,542	4,154	3,735	3,267	3,299	3,098
Selling, General & Admin	1,461	1,520	1,275	1,116	1,028	1,299
Research & Development	1,011	953.4	823.45	710.77	640.42	525.5
Other Operating Expenses	83.62	57.53	43.32	104.87	87.02	82.79
Operating Expenses	2,665	2,646	2,250	2,025	1,840	1,934
Operating Income	1,877	1,508	1,485	1,243	1,459	1,165
Interest Expense	-132.1	-126.93	-90.57	-52.28	-48.18	-21.14
Interest & Investment Income	82.76	290.22	291.88	313.21	314.51	265.37
Currency Exchange Gain (Loss)	-60.62	-60.62	65.77	31.13	-58.28	-23.58
Other Non Operating Income (Expenses)	117.34	-10.99	-8.12	-9.18	-11.5	-8.63
EBT Excluding Unusual Items	1,884	1,599	1,744	1,525	1,655	1,377
Impairment of Goodwill	-80.29	-80.29	-86.42	-98.07	-	-94.38
Gain (Loss) on Sale of Investments	-973.75	5.71	-22.27	-45.54	-0.1	-16.81
Gain (Loss) on Sale of Assets	-2.38	3.5	0.71	18.66	-1.62	11.73
Asset Writedown	-83.27	-83.04	-28.6	-1.8	-94.42	-58.82
Other Unusual Items	93.07	93.07	99.04	79.4	134.25	114.64
Pretax Income	838.3	1,539	1,710	1,478	1,694	1,333
Income Tax Expense	312.74	283.41	263.33	161.67	171.28	204.81
Earnings From Continuing Operations	525.57	1,256	1,446	1,316	1,522	1,128
Net Income to Company	525.57	1,256	1,446	1,316	1,522	1,128
Minority Interest in Earnings	-204.29	-302.64	-415.98	-331.25	-256.56	-278.84
Net Income	321.27	953.01	1,030	985.12	1,266	849.44
Net Income to Common	321.27	953.01	1,030	985.12	1,266	849.44
Net Income Growth	-64.75%	-7.51%	4.59%	-22.17%	49.00%	-13.42%
Shares Outstanding (Basic)	814	815	811	814	627	625
Shares Outstanding (Diluted)	814	815	811	814	627	625
Shares Change (YoY)	0.48%	0.40%	-0.35%	29.94%	0.32%	-0.05%
EPS (Basic)	0.39	1.17	1.27	1.21	2.02	1.36
EPS (Diluted)	0.39	1.17	1.27	1.21	2.02	1.36
EPS Growth	-64.92%	-7.87%	4.96%	-40.10%	48.53%	-13.38%
Free Cash Flow	1,572	763.38	797.85	408.66	1,336	2,104
Free Cash Flow Per Share	1.93	0.94	0.98	0.50	2.13	3.37
Dividend Per Share	0.469	0.469	0.632	0.250	3.323	0.500
Dividend Growth	-25.79%	-25.79%	152.80%	-92.48%	564.60%	212.50%
Gross Margin	16.58%	15.78%	16.04%	16.57%	18.76%	18.34%
Operating Margin	6.85%	5.73%	6.38%	6.30%	8.29%	6.89%
Profit Margin	1.17%	3.62%	4.42%	5.00%	7.20%	5.03%
Free Cash Flow Margin	5.74%	2.90%	3.43%	2.07%	7.60%	12.46%
EBITDA	2,790	2,352	2,237	1,920	2,073	1,757
EBITDA Margin	10.19%	8.94%	9.61%	9.74%	11.79%	10.40%
D&A For EBITDA	913.52	844.37	752.17	677.33	614.09	592.72
EBIT	1,877	1,508	1,485	1,243	1,459	1,165
EBIT Margin	6.85%	5.73%	6.38%	6.30%	8.29%	6.89%
Effective Tax Rate	37.31%	18.41%	15.40%	10.94%	10.11%	15.36%
Revenue as Reported	27,392	26,324	23,282	19,716	17,588	16,892

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