SHE:002128 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	29,858	29,265	26,236	26,314	24,281	19,740
Other Revenue	594.21	594.21	609.22	478.73	391.42	334.27
Revenue	30,452	29,859	26,846	26,793	24,673	20,074
Revenue Growth (YoY)	5.28%	11.22%	0.20%	8.59%	22.91%	4.80%
Cost of Revenue	20,276	19,698	18,314	18,386	16,292	13,812
Gross Profit	10,176	10,161	8,531	8,407	8,380	6,262
Selling, General & Admin	1,012	1,044	944.17	796.64	659.13	577.74
Research & Development	71.34	78.11	31.69	60.58	11.6	10.84
Other Operating Expenses	1,692	1,716	1,549	1,566	1,481	1,359
Operating Expenses	2,752	2,833	2,533	2,410	2,148	1,946
Operating Income	7,425	7,327	5,998	5,997	6,232	4,316
Interest Expense	-146.9	-208.93	-122.06	-284.38	-355.65	-441.37
Interest & Investment Income	147.76	113.02	170.06	114.13	14.5	92.37
Earnings From Equity Investments	-	-	-	-	92.73	-
Currency Exchange Gain (Loss)	0.08	0.08	-	0	-0	-0
Other Non Operating Income (Expenses)	-281.9	-218.62	-146.8	-81.68	-94.49	-412.85
EBT Excluding Unusual Items	7,144	7,013	5,899	5,745	5,889	3,554
Gain (Loss) on Sale of Investments	-0.85	-0.85	1.01	2.15	0.01	-244.97
Gain (Loss) on Sale of Assets	5.69	9.1	2.52	0.33	-0.04	-0.13
Asset Writedown	-106.84	-105.7	-26.9	-157.39	-144.75	-47.54
Other Unusual Items	10.67	10.67	-23.56	-6.14	-100.59	36.83
Pretax Income	7,052	6,926	5,852	5,584	5,644	3,298
Income Tax Expense	1,248	1,055	831.52	878.01	851.52	725.99
Earnings From Continuing Operations	5,804	5,871	5,021	4,706	4,792	2,572
Minority Interest in Earnings	-744.6	-529.54	-461.05	-719.6	-1,210	-501.67
Net Income	5,060	5,342	4,560	3,986	3,582	2,071
Net Income to Common	5,060	5,342	4,560	3,986	3,582	2,071
Net Income Growth	-5.85%	17.15%	14.39%	11.27%	73.00%	-16.04%
Shares Outstanding (Basic)	2,239	2,244	2,161	1,926	1,926	1,917
Shares Outstanding (Diluted)	2,239	2,244	2,161	1,926	1,926	1,917
Shares Change (YoY)	0.21%	3.86%	12.22%	-0.02%	0.45%	-0.50%
EPS (Basic)	2.26	2.38	2.11	2.07	1.86	1.08
EPS (Diluted)	2.26	2.38	2.11	2.07	1.86	1.08
EPS Growth	-6.05%	12.80%	1.93%	11.29%	72.22%	-15.63%
Free Cash Flow	1,216	3,765	-925.92	1,776	2,996	3,445
Free Cash Flow Per Share	0.54	1.68	-0.43	0.92	1.56	1.80
Dividend Per Share	1.100	0.850	0.680	0.500	0.500	0.400
Dividend Growth	50.69%	25.00%	36.00%	-	25.00%	-50.00%
Gross Margin	33.42%	34.03%	31.78%	31.38%	33.97%	31.20%
Operating Margin	24.38%	24.54%	22.34%	22.38%	25.26%	21.50%
Profit Margin	16.62%	17.89%	16.98%	14.88%	14.52%	10.32%
Free Cash Flow Margin	3.99%	12.61%	-3.45%	6.63%	12.14%	17.16%
EBITDA	10,686	10,142	8,217	8,128	8,290	6,236
EBITDA Margin	35.09%	33.97%	30.61%	30.34%	33.60%	31.07%
D&A For EBITDA	3,262	2,815	2,219	2,132	2,058	1,920
EBIT	7,425	7,327	5,998	5,997	6,232	4,316
EBIT Margin	24.38%	24.54%	22.34%	22.38%	25.26%	21.50%
Effective Tax Rate	17.69%	15.23%	14.21%	15.72%	15.09%	22.01%
Revenue as Reported	30,452	29,859	26,846	26,793	24,673	20,074
Advertising Expenses	-	7.86	10.15	6.02	-	4.35

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