SHE:002223 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	8,040	7,523	7,919	7,034	6,831	6,666
Other Revenue	42.9	42.9	52.81	67.77	63.18	59.94
Revenue	8,083	7,566	7,972	7,102	6,894	6,726
Revenue Growth (YoY)	10.17%	-5.09%	12.25%	3.01%	2.51%	45.08%
Cost of Revenue	4,034	3,796	3,916	3,709	3,586	3,189
Gross Profit	4,048	3,770	4,055	3,393	3,308	3,537
Selling, General & Admin	2,125	1,790	1,499	1,452	1,334	1,114
Research & Development	586.2	546.68	504.37	496.4	425.67	401.52
Other Operating Expenses	-6.58	-1.69	32.96	44.67	31.99	27.28
Operating Expenses	2,717	2,355	2,027	2,006	1,818	1,528
Operating Income	1,332	1,415	2,029	1,387	1,490	2,009
Interest Expense	-3.39	-20.73	-58.55	-57.74	-30.49	-15.25
Interest & Investment Income	280.1	261.13	357.97	185.19	156.79	153.1
Currency Exchange Gain (Loss)	19.69	19.69	3.66	99.33	-0.04	-138.06
Other Non Operating Income (Expenses)	-17.61	-0.94	-2.41	-1.4	-1.79	-0.59
EBT Excluding Unusual Items	1,610	1,674	2,329	1,612	1,614	2,008
Impairment of Goodwill	-22.39	-22.39	-40.95	-77.43	-	-29.66
Gain (Loss) on Sale of Investments	-	-	-4.11	2.16	2.17	-0.32
Gain (Loss) on Sale of Assets	1.89	6.16	555.26	170.7	0.29	-5.88
Asset Writedown	-5.76	-2.56	-13.66	-1.99	-0.86	-0.12
Other Unusual Items	277.78	277.78	23.03	136.63	85.75	46.72
Pretax Income	1,862	1,933	2,849	1,842	1,702	2,019
Income Tax Expense	124.88	128.56	472.36	269.73	217.82	262.04
Earnings From Continuing Operations	1,737	1,804	2,376	1,573	1,484	1,757
Minority Interest in Earnings	3.02	1.43	19.38	22.35	-1.6	2.45
Net Income	1,740	1,806	2,396	1,595	1,482	1,759
Net Income to Common	1,740	1,806	2,396	1,595	1,482	1,759
Net Income Growth	0.19%	-24.63%	50.21%	7.60%	-15.73%	133.74%
Shares Outstanding (Basic)	999	998	994	991	995	1,005
Shares Outstanding (Diluted)	999	998	994	991	995	1,005
Shares Change (YoY)	0.28%	0.35%	0.35%	-0.42%	-1.02%	0.18%
EPS (Basic)	1.74	1.81	2.41	1.61	1.49	1.75
EPS (Diluted)	1.74	1.81	2.41	1.61	1.49	1.75
EPS Growth	-0.09%	-24.90%	49.69%	8.05%	-14.86%	133.33%
Free Cash Flow	1,771	1,688	1,994	1,926	916.88	2,152
Free Cash Flow Per Share	1.77	1.69	2.01	1.94	0.92	2.14
Dividend Per Share	0.800	0.800	0.800	0.600	0.300	0.300
Dividend Growth	-33.33%	-	33.33%	100.00%	-	-25.00%
Gross Margin	50.09%	49.83%	50.87%	47.77%	47.99%	52.59%
Operating Margin	16.48%	18.70%	25.45%	19.53%	21.61%	29.87%
Profit Margin	21.53%	23.87%	30.05%	22.46%	21.50%	26.15%
Free Cash Flow Margin	21.91%	22.31%	25.02%	27.11%	13.30%	32.00%
EBITDA	1,545	1,625	2,236	1,586	1,677	2,170
EBITDA Margin	19.12%	21.48%	28.04%	22.33%	24.33%	32.26%
D&A For EBITDA	213.39	210.62	206.92	199.14	187.27	161.02
EBIT	1,332	1,415	2,029	1,387	1,490	2,009
EBIT Margin	16.48%	18.70%	25.45%	19.53%	21.61%	29.87%
Effective Tax Rate	6.71%	6.65%	16.58%	14.64%	12.80%	12.98%
Revenue as Reported	8,083	7,566	7,972	7,102	6,894	6,726
Advertising Expenses	-	171.34	121.54	147.18	-	-

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