SHE:002170 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	4,660	3,284	3,223	2,797	2,454	2,034
Other Revenue	28.68	28.68	20.43	58.41	30.86	92.6
Revenue	4,688	3,313	3,244	2,855	2,485	2,127
Revenue Growth (YoY)	48.26%	2.15%	13.59%	14.89%	16.87%	-6.67%
Cost of Revenue	2,990	2,414	2,528	2,427	2,100	1,728
Gross Profit	1,699	899.25	715.68	428.32	385.15	398.2
Selling, General & Admin	288.86	233.15	266.65	241.3	234.48	251.62
Research & Development	36.12	33.9	33.34	38.73	31.92	24.3
Other Operating Expenses	175.37	54.17	64.42	19.89	13.53	12.51
Operating Expenses	512.36	327.18	363.08	305.51	289.77	280.16
Operating Income	1,186	572.07	352.6	122.82	95.37	118.05
Interest Expense	-65.88	-78.56	-46.43	-28.24	-25.49	-27.71
Interest & Investment Income	13.9	11.52	11.14	6.67	16.07	6.46
Earnings From Equity Investments	2.36	-	-	-	-	-
Currency Exchange Gain (Loss)	-0	-0	-0.01	0.03	-0.01	-0.02
Other Non Operating Income (Expenses)	10.39	-6.23	16.63	-3.67	-2.71	-3.03
EBT Excluding Unusual Items	1,147	498.8	333.93	97.6	83.24	93.75
Gain (Loss) on Sale of Investments	-	-	-0.46	-	-0.69	-3.21
Gain (Loss) on Sale of Assets	0	-	0.09	-	-	-0.04
Asset Writedown	-2.69	-2.69	-5.49	-0.72	-1.75	-2.02
Legal Settlements	-	-	-	-	-4.13	-0.55
Other Unusual Items	8.92	2.95	9.69	41.98	11.19	12.42
Pretax Income	1,153	499.06	337.76	138.86	87.87	100.35
Income Tax Expense	260.88	89.03	78.01	17.25	7.41	23.67
Earnings From Continuing Operations	892.42	410.04	259.75	121.61	80.46	76.68
Minority Interest in Earnings	-0.73	-0.9	-0.27	-0.4	0.33	0.7
Net Income	891.69	409.14	259.48	121.21	80.79	77.38
Net Income to Common	891.69	409.14	259.48	121.21	80.79	77.38
Net Income Growth	227.06%	57.67%	114.08%	50.04%	4.40%	153.66%
Shares Outstanding (Basic)	951	896	890	889	887	886
Shares Outstanding (Diluted)	951	896	890	889	887	886
Shares Change (YoY)	6.86%	0.74%	0.14%	0.21%	0.04%	-0.05%
EPS (Basic)	0.94	0.46	0.29	0.14	0.09	0.09
EPS (Diluted)	0.94	0.46	0.29	0.14	0.09	0.09
EPS Growth	206.07%	56.52%	113.78%	49.73%	4.35%	153.78%
Free Cash Flow	827.29	120.6	-592.66	-678.46	-39.84	335.61
Free Cash Flow Per Share	0.87	0.14	-0.67	-0.76	-0.04	0.38
Dividend Per Share	0.440	0.280	0.150	0.015	0.010	0.010
Dividend Growth	193.33%	86.67%	900.00%	50.00%	-	66.67%
Gross Margin	36.23%	27.14%	22.07%	15.00%	15.50%	18.73%
Operating Margin	25.30%	17.27%	10.87%	4.30%	3.84%	5.55%
Profit Margin	19.02%	12.35%	8.00%	4.25%	3.25%	3.64%
Free Cash Flow Margin	17.65%	3.64%	-18.27%	-23.76%	-1.60%	15.78%
EBITDA	1,401	760.01	504.34	257.44	233.5	252.66
EBITDA Margin	29.89%	22.94%	15.55%	9.02%	9.40%	11.88%
D&A For EBITDA	215.08	187.94	151.74	134.63	138.13	134.62
EBIT	1,186	572.07	352.6	122.82	95.37	118.05
EBIT Margin	25.30%	17.27%	10.87%	4.30%	3.84%	5.55%
Effective Tax Rate	22.62%	17.84%	23.10%	12.42%	8.43%	23.59%
Revenue as Reported	4,688	3,313	3,244	2,855	2,485	2,127
Advertising Expenses	-	12.87	17.96	24.75	44	49.36

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