SHE:002081 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	16,907	18,253	20,127	21,755	25,300	31,168
Other Revenue	76.47	76.47	59.31	58.12	74.58	75.26
Revenue	16,984	18,329	20,187	21,813	25,374	31,243
Revenue Growth (YoY)	-7.37%	-9.20%	-7.46%	-14.03%	-18.79%	1.32%
Cost of Revenue	14,677	15,809	17,199	18,374	21,284	26,072
Gross Profit	2,307	2,520	2,988	3,440	4,090	5,171
Selling, General & Admin	943.28	952.43	942.8	899.6	845.41	967.34
Research & Development	552.11	564.69	664.62	732.61	841.02	955.78
Other Operating Expenses	59.59	52.46	55.71	64.02	83.71	107.74
Operating Expenses	1,528	1,833	1,750	3,554	7,801	2,275
Operating Income	779.01	687.31	1,237	-114.35	-3,711	2,895
Interest Expense	-70.56	-86.36	-97.16	-105.38	-125.55	-145.52
Interest & Investment Income	34.17	73.93	97.2	59.53	85.51	79.12
Currency Exchange Gain (Loss)	-5.48	-5.48	-4.86	3.62	0.28	-10.43
Other Non Operating Income (Expenses)	-15.33	-16.35	-29.45	-33.72	-12.21	-21.78
EBT Excluding Unusual Items	721.82	653.05	1,203	-190.3	-3,763	2,797
Impairment of Goodwill	-6.65	-6.65	-7.33	-	-244.42	-
Gain (Loss) on Sale of Investments	-27.51	-15.3	-28.06	-1.53	-54.85	-0.72
Gain (Loss) on Sale of Assets	8.3	15.06	-6.38	-1.5	-0.62	0.11
Asset Writedown	-180.23	-26.11	0.01	-0.4	-1.03	-0.63
Other Unusual Items	13.63	8.4	3.46	1,613	-1,395	-85.34
Pretax Income	529.35	628.44	1,165	1,420	-5,459	2,710
Income Tax Expense	45.74	64.78	125.13	115.3	-584.49	369.67
Earnings From Continuing Operations	483.62	563.66	1,040	1,304	-4,875	2,341
Minority Interest in Earnings	-26.25	-19.83	-15.7	-30.63	-75.24	33.31
Net Income	457.37	543.84	1,024	1,274	-4,950	2,374
Net Income to Common	457.37	543.84	1,024	1,274	-4,950	2,374
Net Income Growth	-28.65%	-46.89%	-19.61%	-	-	1.04%
Shares Outstanding (Basic)	2,656	2,655	2,655	2,654	2,676	2,698
Shares Outstanding (Diluted)	2,656	2,655	2,655	2,654	2,676	2,698
Shares Change (YoY)	0.05%	0.01%	0.05%	-0.82%	-0.81%	1.04%
EPS (Basic)	0.17	0.20	0.39	0.48	-1.85	0.88
EPS (Diluted)	0.17	0.20	0.39	0.48	-1.85	0.88
EPS Growth	-28.69%	-46.90%	-19.65%	-	-	-
Free Cash Flow	440.65	315.7	268.39	225.94	749.05	1,620
Free Cash Flow Per Share	0.17	0.12	0.10	0.09	0.28	0.60
Dividend Per Share	0.100	0.100	0.100	0.100	-	0.200
Gross Margin	13.58%	13.75%	14.80%	15.77%	16.12%	16.55%
Operating Margin	4.59%	3.75%	6.13%	-0.52%	-14.63%	9.27%
Profit Margin	2.69%	2.97%	5.07%	5.84%	-19.51%	7.60%
Free Cash Flow Margin	2.60%	1.72%	1.33%	1.04%	2.95%	5.19%
EBITDA	897.15	786.61	1,312	-41	-3,643	2,964
EBITDA Margin	5.28%	4.29%	6.50%	-0.19%	-14.36%	9.49%
D&A For EBITDA	118.14	99.3	74.18	73.35	67.58	68.82
EBIT	779.01	687.31	1,237	-114.35	-3,711	2,895
EBIT Margin	4.59%	3.75%	6.13%	-0.52%	-14.63%	9.27%
Effective Tax Rate	8.64%	10.31%	10.74%	8.12%	-	13.64%
Revenue as Reported	16,984	18,329	20,187	21,813	25,374	31,243
Advertising Expenses	-	1.84	5.81	5.67	3.86	21.12

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.