SHE:002098 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	2,765	2,593	2,022	2,080	2,229	1,568
Other Revenue	35.13	35.13	32	32.5	32.33	22.04
Revenue	2,800	2,629	2,054	2,112	2,262	1,590
Revenue Growth (YoY)	12.85%	27.98%	-2.78%	-6.60%	42.25%	-17.16%
Cost of Revenue	1,913	1,790	1,407	1,490	1,532	1,050
Gross Profit	886.99	838.87	646.49	622.34	729.66	540.15
Selling, General & Admin	548.65	488.73	390.81	430.84	458.9	343.46
Research & Development	91.9	87.66	85.85	76.46	69.35	46.02
Other Operating Expenses	15.43	13.85	11.99	16.87	18.5	13.92
Operating Expenses	659	595.68	493.62	529.51	557.83	411.36
Operating Income	228	243.19	152.87	92.83	171.83	128.79
Interest Expense	-7.67	-8.91	-11.64	-21.97	-34.92	-51.8
Interest & Investment Income	2.68	3.2	3.27	3.87	5.8	7.96
Currency Exchange Gain (Loss)	3.59	3.59	0.04	10.61	-4.3	-8.22
Other Non Operating Income (Expenses)	-0.43	-3.27	-3.86	-4.77	0.72	-21.15
EBT Excluding Unusual Items	226.16	237.8	140.68	80.57	139.13	55.58
Gain (Loss) on Sale of Investments	0.04	-0.12	-13.56	-17.6	-6.55	192.15
Gain (Loss) on Sale of Assets	-6.62	-4.07	-1.24	-1.58	-3.56	-1.61
Asset Writedown	-4.84	-3.88	-2.48	-12.96	-2.85	-31.85
Other Unusual Items	11.37	6.08	10.44	8.48	11.13	24.69
Pretax Income	226.11	235.8	133.84	56.9	137.29	238.95
Income Tax Expense	29.36	32.99	19.94	-4.95	14.07	50.85
Earnings From Continuing Operations	196.76	202.81	113.9	61.85	123.22	188.1
Minority Interest in Earnings	0.31	-0.91	6.73	19.99	2.91	12.51
Net Income	197.06	201.9	120.63	81.85	126.13	200.6
Net Income to Common	197.06	201.9	120.63	81.85	126.13	200.6
Net Income Growth	3.26%	67.37%	47.38%	-35.11%	-37.12%	268.08%
Shares Outstanding (Basic)	358	358	358	358	358	358
Shares Outstanding (Diluted)	358	358	358	358	358	358
Shares Change (YoY)	-0.01%	0.01%	-0.03%	0.01%	-0.00%	-0.02%
EPS (Basic)	0.55	0.56	0.34	0.23	0.35	0.56
EPS (Diluted)	0.55	0.56	0.34	0.23	0.35	0.56
EPS Growth	3.26%	67.36%	47.42%	-35.11%	-37.12%	268.13%
Free Cash Flow	127.13	109.63	130.94	221.02	35.55	218.45
Free Cash Flow Per Share	0.35	0.31	0.37	0.62	0.10	0.61
Dividend Per Share	0.100	0.100	0.110	-	-	-
Dividend Growth	-9.09%	-9.09%	-	-	-	-
Gross Margin	31.68%	31.91%	31.48%	29.46%	32.26%	33.97%
Operating Margin	8.14%	9.25%	7.44%	4.40%	7.60%	8.10%
Profit Margin	7.04%	7.68%	5.87%	3.88%	5.58%	12.62%
Free Cash Flow Margin	4.54%	4.17%	6.38%	10.46%	1.57%	13.74%
EBITDA	312.73	326.05	233.24	174.85	248.22	211.94
EBITDA Margin	11.17%	12.40%	11.36%	8.28%	10.97%	13.33%
D&A For EBITDA	84.73	82.86	80.37	82.02	76.38	83.15
EBIT	228	243.19	152.87	92.83	171.83	128.79
EBIT Margin	8.14%	9.25%	7.44%	4.40%	7.60%	8.10%
Effective Tax Rate	12.98%	13.99%	14.90%	-	10.25%	21.28%
Revenue as Reported	2,800	2,629	2,054	2,112	2,262	1,590
Advertising Expenses	-	56.93	46.83	63.64	73.61	23.04

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