SHE:002050 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	30,589	27,123	23,942	20,495	15,320	11,665
Other Revenue	824.16	824.16	615.74	853.05	700.65	444.46
Revenue	31,414	27,947	24,558	21,348	16,021	12,110
Revenue Growth (YoY)	20.15%	13.80%	15.04%	33.25%	32.30%	7.29%
Cost of Revenue	22,718	20,305	17,815	15,875	11,959	8,797
Gross Profit	8,695	7,642	6,743	5,473	4,062	3,313
Selling, General & Admin	2,399	2,494	2,074	1,780	1,325	1,129
Research & Development	1,463	1,352	1,097	988.95	751.14	518.4
Other Operating Expenses	144.92	66.36	45.48	77.98	62.69	61.77
Operating Expenses	4,048	3,968	3,268	2,944	2,196	1,738
Operating Income	4,647	3,674	3,475	2,529	1,866	1,575
Interest Expense	-155.67	-152.27	-212.08	-233.21	-146.89	-64.73
Interest & Investment Income	192.95	130.32	159.15	188.13	304.72	141.31
Currency Exchange Gain (Loss)	83.15	83.15	133.52	228.84	-95.99	-112.68
Other Non Operating Income (Expenses)	-98.42	-8.12	-7.83	-6.22	-4.37	-3.68
EBT Excluding Unusual Items	4,669	3,727	3,548	2,706	1,923	1,535
Impairment of Goodwill	-6.79	-6.79	-0.81	-	-31.96	-
Gain (Loss) on Sale of Investments	-17.22	-116.31	-83.33	-192.09	3.22	31.85
Gain (Loss) on Sale of Assets	0.86	3.02	8.74	459.76	-0.39	-0.49
Asset Writedown	-46.14	-38.49	-23.26	-14.39	-16.21	-10.41
Other Unusual Items	239.84	123.53	104.13	91.85	98.55	135.97
Pretax Income	4,840	3,692	3,553	3,051	1,977	1,692
Income Tax Expense	758.27	579.96	619.55	443.21	271.8	218.7
Earnings From Continuing Operations	4,081	3,112	2,934	2,608	1,705	1,473
Minority Interest in Earnings	-41.73	-12.56	-12.72	-34.71	-20.78	-11.16
Net Income	4,040	3,099	2,921	2,573	1,684	1,462
Net Income to Common	4,040	3,099	2,921	2,573	1,684	1,462
Net Income Growth	31.87%	6.10%	13.51%	52.81%	15.17%	2.88%
Shares Outstanding (Basic)	3,763	3,699	3,606	3,574	3,583	3,566
Shares Outstanding (Diluted)	3,771	3,707	3,606	3,574	3,583	3,566
Shares Change (YoY)	2.17%	2.79%	0.90%	-0.25%	0.47%	0.37%
EPS (Basic)	1.07	0.84	0.81	0.72	0.47	0.41
EPS (Diluted)	1.07	0.84	0.81	0.72	0.47	0.41
EPS Growth	29.34%	3.45%	12.50%	53.19%	14.63%	2.50%
Free Cash Flow	2,428	1,076	978.5	-432.14	-396.19	937.98
Free Cash Flow Per Share	0.64	0.29	0.27	-0.12	-0.11	0.26
Dividend Per Share	0.370	0.350	0.300	0.300	0.150	0.350
Dividend Growth	5.71%	16.67%	-	100.00%	-57.14%	203.29%
Gross Margin	27.68%	27.35%	27.46%	25.64%	25.35%	27.36%
Operating Margin	14.79%	13.15%	14.15%	11.85%	11.65%	13.00%
Profit Margin	12.86%	11.09%	11.89%	12.05%	10.51%	12.07%
Free Cash Flow Margin	7.73%	3.85%	3.98%	-2.02%	-2.47%	7.75%
EBITDA	5,557	4,536	4,273	3,094	2,346	1,994
EBITDA Margin	17.69%	16.23%	17.40%	14.49%	14.64%	16.46%
D&A For EBITDA	910.13	862.19	798.27	565.19	480.06	419
EBIT	4,647	3,674	3,475	2,529	1,866	1,575
EBIT Margin	14.79%	13.15%	14.15%	11.85%	11.65%	13.00%
Effective Tax Rate	15.67%	15.71%	17.44%	14.52%	13.75%	12.93%
Revenue as Reported	31,414	27,947	24,558	21,348	16,021	12,110
Advertising Expenses	-	30.74	24.04	17.67	12.06	12.8

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