SHE:002226 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	9,576	9,390	8,809	7,715	6,398	3,863
Other Revenue	90.6	90.6	86.24	103.93	83.21	55.62
Revenue	9,667	9,481	8,895	7,819	6,481	3,919
Revenue Growth (YoY)	6.00%	6.59%	13.75%	20.65%	65.39%	7.86%
Cost of Revenue	6,895	6,662	6,306	5,640	4,262	2,439
Gross Profit	2,772	2,818	2,589	2,179	2,219	1,480
Selling, General & Admin	1,055	1,023	878.93	772.65	733	509.75
Research & Development	304.62	301.42	228.38	206.73	153.71	63.17
Other Operating Expenses	59.61	27.89	43.86	50.29	47.7	29.7
Operating Expenses	1,448	1,398	1,184	1,051	955.99	584.65
Operating Income	1,324	1,421	1,405	1,128	1,263	895.52
Interest Expense	-129.52	-135.03	-155.79	-167.28	-212.32	-219.15
Interest & Investment Income	37.72	45.73	28.36	37.26	36.64	27.92
Currency Exchange Gain (Loss)	8.41	8.41	-0.34	5.74	1.65	0.05
Other Non Operating Income (Expenses)	-12.8	-11.74	-16.68	-16.26	-14.73	16.79
EBT Excluding Unusual Items	1,228	1,328	1,261	987.43	1,075	721.14
Impairment of Goodwill	-15.53	-15.53	-30.63	-28.11	-86.88	-53.89
Gain (Loss) on Sale of Investments	30.24	74.14	-57.65	52.19	95.27	-1.26
Gain (Loss) on Sale of Assets	5.06	-0.98	15	-2.17	340.92	-12.91
Asset Writedown	-7.64	-7.38	-17.68	-119.62	-22.95	-3.02
Other Unusual Items	51.66	30.3	61.25	15.11	30.65	23.18
Pretax Income	1,292	1,408	1,231	904.83	1,432	673.22
Income Tax Expense	226.04	275.99	231.31	250.02	230.55	130.42
Earnings From Continuing Operations	1,066	1,132	999.58	654.8	1,201	542.81
Minority Interest in Earnings	-259.94	-241.41	-226.5	-176.06	-148.38	-95.97
Net Income	805.59	891.03	773.09	478.74	1,053	446.84
Net Income to Common	805.59	891.03	773.09	478.74	1,053	446.84
Net Income Growth	-2.09%	15.26%	61.48%	-54.52%	135.58%	10.43%
Shares Outstanding (Basic)	2,648	2,649	2,649	2,649	2,649	2,649
Shares Outstanding (Diluted)	2,648	2,649	2,649	2,649	2,649	2,649
Shares Change (YoY)	-0.06%	-0.02%	-0.00%	0.02%	0.01%	51.47%
EPS (Basic)	0.30	0.34	0.29	0.18	0.40	0.17
EPS (Diluted)	0.30	0.34	0.29	0.18	0.40	0.17
EPS Growth	-2.03%	15.28%	61.48%	-54.53%	135.57%	-27.10%
Free Cash Flow	796.87	568.76	392.63	905.66	87.49	608.56
Free Cash Flow Per Share	0.30	0.21	0.15	0.34	0.03	0.23
Dividend Per Share	0.065	0.075	0.060	0.060	0.060	0.039
Dividend Growth	-7.14%	25.00%	-	-	52.67%	10.08%
Gross Margin	28.68%	29.73%	29.10%	27.87%	34.24%	37.77%
Operating Margin	13.70%	14.98%	15.80%	14.42%	19.49%	22.85%
Profit Margin	8.33%	9.40%	8.69%	6.12%	16.24%	11.40%
Free Cash Flow Margin	8.24%	6.00%	4.41%	11.58%	1.35%	15.53%
EBITDA	1,986	2,069	2,035	1,723	1,778	1,349
EBITDA Margin	20.54%	21.82%	22.88%	22.03%	27.43%	34.42%
D&A For EBITDA	661.62	648.13	630.15	594.87	514.35	453.44
EBIT	1,324	1,421	1,405	1,128	1,263	895.52
EBIT Margin	13.70%	14.98%	15.80%	14.42%	19.49%	22.85%
Effective Tax Rate	17.50%	19.60%	18.79%	27.63%	16.11%	19.37%
Revenue as Reported	9,667	9,481	8,895	7,819	6,481	3,919
Advertising Expenses	-	1.72	4.22	1.58	0.84	-

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