SHE:002271 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	26,741	27,839	32,165	30,355	30,911	21,654
Other Revenue	216.62	216.62	657.29	858.92	1,023	76.72
Revenue	26,958	28,056	32,823	31,214	31,934	21,730
Revenue Growth (YoY)	-7.56%	-14.52%	5.15%	-2.26%	46.96%	19.70%
Cost of Revenue	20,851	20,819	23,735	23,174	22,184	13,684
Gross Profit	6,106	7,237	9,087	8,039	9,750	8,046
Selling, General & Admin	4,158	4,660	4,518	4,453	3,862	3,048
Research & Development	509.83	585.95	605.65	556.32	559.31	463.65
Other Operating Expenses	6.7	22.15	-8.07	59.23	116.59	88.59
Operating Expenses	5,529	6,037	5,777	5,367	4,778	3,803
Operating Income	577.33	1,200	3,310	2,673	4,972	4,242
Interest Expense	-158.08	-149.02	-126.62	-197.19	-144.13	-260.62
Interest & Investment Income	82.04	75.15	52.25	71.27	142.92	247.28
Currency Exchange Gain (Loss)	-10.19	-10.19	12.57	-17.6	10.52	-29.3
Other Non Operating Income (Expenses)	-155.79	-169.89	-239.74	-206.38	-232.35	-178.12
EBT Excluding Unusual Items	335.3	946.32	3,009	2,323	4,749	4,022
Impairment of Goodwill	-6.11	-6.11	-	-	-	-
Gain (Loss) on Sale of Investments	-95.27	-65.41	-56.33	-16.83	-49.58	0.89
Gain (Loss) on Sale of Assets	-228.33	-200.23	1.34	0.39	-8.62	-28.52
Asset Writedown	-209	-252.37	-195.44	-15.87	-	-
Legal Settlements	-	-	-	-	-	-19.74
Other Unusual Items	112.6	112.6	195	313.01	409.62	180.95
Pretax Income	-90.81	534.79	2,953	2,603	5,100	4,155
Income Tax Expense	308.41	459.28	666.49	484.51	886.85	768.51
Earnings From Continuing Operations	-399.22	75.51	2,287	2,119	4,213	3,387
Minority Interest in Earnings	39.8	32.66	-13.64	2.47	-8.61	2.06
Net Income	-359.42	108.17	2,273	2,121	4,205	3,389
Net Income to Common	-359.42	108.17	2,273	2,121	4,205	3,389
Net Income Growth	-	-95.24%	7.16%	-49.55%	24.07%	64.03%
Shares Outstanding (Basic)	2,431	2,487	2,498	2,496	2,416	2,244
Shares Outstanding (Diluted)	2,431	2,516	2,526	2,525	2,473	2,321
Shares Change (YoY)	-1.60%	-0.41%	0.02%	2.10%	6.56%	2.24%
EPS (Basic)	-0.15	0.04	0.91	0.85	1.74	1.51
EPS (Diluted)	-0.15	0.04	0.90	0.84	1.70	1.46
EPS Growth	-	-95.22%	7.14%	-50.59%	16.44%	60.44%
Free Cash Flow	3,275	2,284	218.73	-3,569	-387.33	2,428
Free Cash Flow Per Share	1.35	0.91	0.09	-1.41	-0.16	1.05
Dividend Per Share	2.775	2.450	0.600	0.100	0.300	0.300
Dividend Growth	131.25%	308.33%	500.00%	-66.67%	-	50.00%
Gross Margin	22.65%	25.79%	27.69%	25.76%	30.53%	37.03%
Operating Margin	2.14%	4.28%	10.09%	8.56%	15.57%	19.52%
Profit Margin	-1.33%	0.39%	6.93%	6.80%	13.17%	15.60%
Free Cash Flow Margin	12.15%	8.14%	0.67%	-11.43%	-1.21%	11.17%
EBITDA	1,649	2,184	4,176	3,430	5,512	4,716
EBITDA Margin	6.12%	7.78%	12.72%	10.99%	17.26%	21.70%
D&A For EBITDA	1,072	983.42	865.54	757.48	540.61	473.44
EBIT	577.33	1,200	3,310	2,673	4,972	4,242
EBIT Margin	2.14%	4.28%	10.09%	8.56%	15.57%	19.52%
Effective Tax Rate	-	85.88%	22.57%	18.61%	17.39%	18.50%
Revenue as Reported	26,958	28,056	32,823	31,214	31,934	21,730
Advertising Expenses	-	848.84	899.99	682.57	631.71	463.88

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