SHE:002111 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	3,064	2,841	2,346	2,310	3,205	2,910
Other Revenue	46.43	46.43	58.78	36.2	35.81	54.84
Revenue	3,110	2,888	2,404	2,346	3,241	2,965
Revenue Growth (YoY)	8.38%	20.09%	2.50%	-27.62%	9.31%	16.21%
Cost of Revenue	2,423	2,231	1,797	1,577	2,174	2,043
Gross Profit	687.85	656.44	607.39	768.82	1,067	921.67
Selling, General & Admin	331.32	321.54	285.67	293.2	377.79	310.95
Research & Development	145.41	139.39	128.42	166.92	203.1	157.42
Other Operating Expenses	-2.33	0.78	0.64	21.89	3.4	0.53
Operating Expenses	512.91	510.78	450.6	525.7	632.35	494.07
Operating Income	174.94	145.66	156.79	243.11	434.61	427.6
Interest Expense	-49.51	-42.57	-42.54	-24.21	-20.96	-20.01
Interest & Investment Income	21.66	19.09	17.73	16.79	26.3	14.31
Currency Exchange Gain (Loss)	9.78	9.78	1.96	0.81	11.84	-4.08
Other Non Operating Income (Expenses)	-12.49	-12.4	-8.72	-1.41	-12.62	4.83
EBT Excluding Unusual Items	144.38	119.55	125.21	235.09	439.17	422.64
Impairment of Goodwill	-25.48	-25.48	-3.55	-28.79	-343.55	-
Gain (Loss) on Sale of Investments	0.32	0.93	2.02	0.13	-0.32	0.07
Gain (Loss) on Sale of Assets	0.07	0.19	-0.05	0.37	0.16	0.01
Asset Writedown	-22.37	-7.09	-2.45	-3.72	-0.43	-1.11
Other Unusual Items	0.04	0.04	16.01	62.01	23.21	14.98
Pretax Income	96.94	88.14	137.19	265.08	118.24	436.59
Income Tax Expense	26.23	14.21	13.84	30.06	50.93	52.44
Earnings From Continuing Operations	70.72	73.93	123.35	235.02	67.32	384.15
Minority Interest in Earnings	1.75	0.7	2.33	5.03	-3.36	-1.3
Net Income	72.47	74.62	125.68	240.05	63.95	382.86
Net Income to Common	72.47	74.62	125.68	240.05	63.95	382.86
Net Income Growth	-61.12%	-40.62%	-47.64%	275.35%	-83.30%	15.42%
Shares Outstanding (Basic)	531	533	524	533	533	532
Shares Outstanding (Diluted)	531	533	524	533	533	532
Shares Change (YoY)	-3.24%	1.79%	-1.83%	0.09%	0.22%	0.77%
EPS (Basic)	0.14	0.14	0.24	0.45	0.12	0.72
EPS (Diluted)	0.14	0.14	0.24	0.45	0.12	0.72
EPS Growth	-59.82%	-41.67%	-46.67%	275.00%	-83.33%	14.54%
Free Cash Flow	691.57	-44.39	-131.44	-24.02	-587.22	736.03
Free Cash Flow Per Share	1.30	-0.08	-0.25	-0.04	-1.10	1.38
Dividend Per Share	0.180	0.150	0.100	0.180	0.300	0.286
Dividend Growth	20.00%	50.00%	-44.44%	-40.00%	5.00%	48.11%
Gross Margin	22.11%	22.73%	25.26%	32.77%	32.92%	31.09%
Operating Margin	5.62%	5.04%	6.52%	10.36%	13.41%	14.42%
Profit Margin	2.33%	2.58%	5.23%	10.23%	1.97%	12.91%
Free Cash Flow Margin	22.23%	-1.54%	-5.47%	-1.02%	-18.12%	24.82%
EBITDA	241.91	214.18	227.36	313.74	503.94	495.6
EBITDA Margin	7.78%	7.42%	9.46%	13.37%	15.55%	16.71%
D&A For EBITDA	66.97	68.51	70.57	70.63	69.33	68.01
EBIT	174.94	145.66	156.79	243.11	434.61	427.6
EBIT Margin	5.62%	5.04%	6.52%	10.36%	13.41%	14.42%
Effective Tax Rate	27.05%	16.12%	10.09%	11.34%	43.07%	12.01%
Revenue as Reported	3,110	2,888	2,404	2,346	3,241	2,965
Advertising Expenses	-	4.37	5.08	2.52	8.19	4.93

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