SHE:002110 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	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020	2015 - 2019
Operating Revenue	42,810	42,720	44,460	47,570	58,809	44,631	Upgrade
Other Revenue	3,338	3,338	3,481	4,088	3,944	4,006	Upgrade
Revenue	46,148	46,058	47,941	51,658	62,753	48,636	Upgrade
Revenue Growth (YoY)	-1.29%	-3.93%	-7.20%	-17.68%	29.03%	-4.71%	Upgrade
Cost of Revenue	42,806	44,114	45,440	48,846	55,065	42,978	Upgrade
Gross Profit	3,342	1,945	2,500	2,812	7,688	5,658	Upgrade
Selling, General & Admin	723.96	720.38	678.26	679.26	556.74	611.61	Upgrade
Research & Development	1,697	1,546	1,652	1,521	1,384	1,170	Upgrade
Other Operating Expenses	208.69	181.29	151.57	164.25	169.41	167.74	Upgrade
Operating Expenses	2,624	2,445	2,500	2,367	2,110	1,949	Upgrade
Operating Income	717.27	-500.17	0.55	445.66	5,578	3,710	Upgrade
Interest Expense	-401.02	-401.32	-333.69	-281.74	-304.16	-186.73	Upgrade
Interest & Investment Income	52.15	72.39	202.69	231.8	231.01	177.55	Upgrade
Other Non Operating Income (Expenses)	747.37	-18.14	-20.43	-10.84	-2.28	-1.91	Upgrade
EBT Excluding Unusual Items	1,116	-847.23	-150.87	384.88	5,502	3,698	Upgrade
Gain (Loss) on Sale of Investments	20.39	5.46	9.55	16.61	8.8	2.09	Upgrade
Gain (Loss) on Sale of Assets	2.95	3.98	5.52	-9.1	4.42	-0.01	Upgrade
Asset Writedown	-813.97	-816.85	-781.23	-225.45	-265.5	-308.96	Upgrade
Other Unusual Items	80.96	47.33	33.04	3.09	-	31.89	Upgrade
Pretax Income	406.1	-1,607	-883.99	170.03	5,250	3,424	Upgrade
Income Tax Expense	161.56	-338.48	-224.95	19.56	1,252	858.65	Upgrade
Earnings From Continuing Operations	244.55	-1,269	-659.04	150.47	3,998	2,565	Upgrade
Minority Interest in Earnings	-8.24	-7.8	-8.6	-11.3	-18.61	-9.04	Upgrade
Net Income	236.3	-1,277	-667.65	139.17	3,979	2,556	Upgrade
Net Income to Common	236.3	-1,277	-667.65	139.17	3,979	2,556	Upgrade
Net Income Growth	-	-	-	-96.50%	55.69%	-40.90%	Upgrade
Shares Outstanding (Basic)	2,287	2,409	2,473	2,319	2,426	2,458	Upgrade
Shares Outstanding (Diluted)	2,287	2,409	2,473	2,319	2,426	2,458	Upgrade
Shares Change (YoY)	-7.41%	-2.59%	6.61%	-4.40%	-1.27%	0.02%	Upgrade
EPS (Basic)	0.10	-0.53	-0.27	0.06	1.64	1.04	Upgrade
EPS (Diluted)	0.10	-0.53	-0.27	0.06	1.64	1.04	Upgrade
EPS Growth	-	-	-	-96.34%	57.69%	-40.91%	Upgrade
Free Cash Flow	586.97	-809.83	-2,578	-3,577	-1,297	2,267	Upgrade
Free Cash Flow Per Share	0.26	-0.34	-1.04	-1.54	-0.54	0.92	Upgrade
Dividend Per Share	-	-	-	0.050	0.820	0.450	Upgrade
Dividend Growth	-	-	-	-93.90%	82.22%	80.00%	Upgrade
Gross Margin	7.24%	4.22%	5.22%	5.44%	12.25%	11.63%	Upgrade
Operating Margin	1.55%	-1.09%	0.00%	0.86%	8.89%	7.63%	Upgrade
Profit Margin	0.51%	-2.77%	-1.39%	0.27%	6.34%	5.25%	Upgrade
Free Cash Flow Margin	1.27%	-1.76%	-5.38%	-6.93%	-2.07%	4.66%	Upgrade
EBITDA	2,485	1,100	1,377	1,654	6,788	4,887	Upgrade
EBITDA Margin	5.38%	2.39%	2.87%	3.20%	10.82%	10.05%	Upgrade
D&A For EBITDA	1,768	1,600	1,376	1,209	1,210	1,178	Upgrade
EBIT	717.27	-500.17	0.55	445.66	5,578	3,710	Upgrade
EBIT Margin	1.55%	-1.09%	0.00%	0.86%	8.89%	7.63%	Upgrade
Effective Tax Rate	39.78%	-	-	11.51%	23.85%	25.08%	Upgrade
Revenue as Reported	46,148	46,058	47,941	51,658	62,753	48,636	Upgrade
Advertising Expenses	-	0.58	1.81	1.98	2.96	2.41	Upgrade

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