SHE:002267 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	8,506	8,981	7,729	8,488	7,537	8,183
Other Revenue	52.34	52.34	84.19	26.94	25.2	12.86
Revenue	8,558	9,033	7,813	8,515	7,563	8,196
Revenue Growth (YoY)	-6.69%	15.62%	-8.24%	12.59%	-7.72%	-15.93%
Cost of Revenue	7,337	7,679	6,761	7,405	6,784	7,404
Gross Profit	1,221	1,355	1,052	1,110	778.4	792.25
Selling, General & Admin	319.19	302.95	264.34	213.58	180.26	154.37
Research & Development	39.38	41.05	40.46	37.98	23.87	34.98
Other Operating Expenses	58.96	53.14	33.39	42.5	33.52	42.42
Operating Expenses	421.96	436.57	347.96	301.06	244.65	258.07
Operating Income	799.38	917.93	703.94	809.18	533.75	534.18
Interest Expense	-126.99	-86.16	-91.64	-100.26	-118.15	-129.66
Interest & Investment Income	-	11.03	14.05	58.8	64.15	56.59
Earnings From Equity Investments	39.99	39.99	50.34	-	-	-
Other Non Operating Income (Expenses)	5.97	1.12	-5.63	-10.43	19.4	-1.91
EBT Excluding Unusual Items	718.34	883.91	671.07	757.29	499.14	459.2
Impairment of Goodwill	-7.03	-7.03	-20.47	-6.8	-15.91	-
Gain (Loss) on Sale of Assets	0.1	0.2	0.24	-0.54	7.85	0.99
Asset Writedown	-7.19	-8.14	-1.87	-2.54	-2.57	-2.9
Other Unusual Items	15.72	12.18	4.39	10.66	26.12	10.73
Pretax Income	718.26	881.12	653.35	758.06	514.63	468.02
Income Tax Expense	121.65	137.38	89.11	126.72	73.82	90.13
Earnings From Continuing Operations	596.61	743.74	564.23	631.34	440.82	377.89
Minority Interest in Earnings	-21.22	-19.78	-19.94	-15.81	-19.56	-21.33
Net Income	575.39	723.97	544.29	615.54	421.26	356.56
Net Income to Common	575.39	723.97	544.29	615.54	421.26	356.56
Net Income Growth	-33.13%	33.01%	-11.58%	46.12%	18.14%	-21.79%
Shares Outstanding (Basic)	1,112	1,112	1,112	1,112	1,112	1,112
Shares Outstanding (Diluted)	1,112	1,112	1,112	1,112	1,112	1,112
Shares Change (YoY)	-0.01%	-0.01%	0.01%	-	-0.01%	0.02%
EPS (Basic)	0.52	0.65	0.49	0.55	0.38	0.32
EPS (Diluted)	0.52	0.65	0.49	0.55	0.38	0.32
EPS Growth	-33.12%	33.02%	-11.58%	46.12%	18.15%	-21.80%
Free Cash Flow	629.6	490.96	86.36	626.32	265.87	468.05
Free Cash Flow Per Share	0.57	0.44	0.08	0.56	0.24	0.42
Dividend Per Share	0.350	0.450	0.300	0.600	0.300	0.200
Dividend Growth	-12.50%	50.00%	-50.00%	100.00%	50.00%	-
Gross Margin	14.27%	14.99%	13.46%	13.04%	10.29%	9.67%
Operating Margin	9.34%	10.16%	9.01%	9.50%	7.06%	6.52%
Profit Margin	6.72%	8.02%	6.97%	7.23%	5.57%	4.35%
Free Cash Flow Margin	7.36%	5.44%	1.10%	7.36%	3.52%	5.71%
EBITDA	1,492	1,582	1,329	1,321	1,011	960.22
EBITDA Margin	17.43%	17.51%	17.01%	15.52%	13.36%	11.72%
D&A For EBITDA	692.58	663.67	625.12	511.97	476.87	426.04
EBIT	799.38	917.93	703.94	809.18	533.75	534.18
EBIT Margin	9.34%	10.16%	9.01%	9.50%	7.06%	6.52%
Effective Tax Rate	16.94%	15.59%	13.64%	16.72%	14.34%	19.26%
Revenue as Reported	8,558	9,033	7,813	8,515	7,563	8,196
Advertising Expenses	-	1.06	0.84	1.16	1.17	0.19

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