SHE:002275 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	2,080	2,192	2,168	1,954	1,739	1,564
Other Revenue	1.76	1.76	3.66	5.27	2.71	2.79
Revenue	2,082	2,194	2,172	1,960	1,741	1,566
Revenue Growth (YoY)	-1.56%	1.03%	10.81%	12.55%	11.15%	-4.51%
Cost of Revenue	576.55	610.47	602.57	574.37	457.04	449.25
Gross Profit	1,505	1,584	1,569	1,385	1,284	1,117
Selling, General & Admin	825.1	888.26	920.66	812.68	722.13	628.74
Research & Development	149.5	173.29	158.06	217.04	201.6	147.56
Other Operating Expenses	61.96	32.28	29.89	36.09	32.8	30.4
Operating Expenses	1,050	1,103	1,109	1,070	957.81	803.92
Operating Income	454.88	480.47	460.41	315.65	326.37	313.31
Interest Expense	-8.79	-13.84	-16.36	-20.24	-18.21	-11.55
Interest & Investment Income	44.5	34.4	33.17	40.64	39.8	29.41
Currency Exchange Gain (Loss)	0.19	0.19	-0.08	-3.59	0.57	0.01
Other Non Operating Income (Expenses)	-8.08	-0.25	0.05	-0.58	-1.23	-0.14
EBT Excluding Unusual Items	482.7	500.97	477.2	331.89	347.31	331.05
Gain (Loss) on Sale of Investments	8.4	4.65	1.19	0.16	1.77	-1.37
Gain (Loss) on Sale of Assets	79.23	83.36	1.67	31.26	15.5	-
Asset Writedown	2.21	-0.86	-0.17	-1.02	-8.12	-1.71
Other Unusual Items	75.96	55.82	38.39	83.89	72.61	16.2
Pretax Income	648.49	643.93	518.28	446.18	429.06	344.17
Income Tax Expense	125.61	122.4	96.99	116.65	85.34	67.14
Net Income	522.88	521.53	421.3	329.53	343.72	277.02
Net Income to Common	522.88	521.53	421.3	329.53	343.72	277.02
Net Income Growth	28.07%	23.79%	27.85%	-4.13%	24.08%	-29.36%
Shares Outstanding (Basic)	581	586	585	588	573	577
Shares Outstanding (Diluted)	581	586	585	588	573	577
Shares Change (YoY)	-1.61%	0.15%	-0.56%	2.72%	-0.74%	-1.39%
EPS (Basic)	0.90	0.89	0.72	0.56	0.60	0.48
EPS (Diluted)	0.90	0.89	0.72	0.56	0.60	0.48
EPS Growth	30.16%	23.61%	28.57%	-6.67%	25.00%	-28.36%
Free Cash Flow	579.5	506.16	472.85	466.4	266.15	392.52
Free Cash Flow Per Share	1.00	0.86	0.81	0.79	0.47	0.68
Dividend Per Share	0.550	0.600	0.600	0.800	0.900	0.400
Dividend Growth	-	-	-25.00%	-11.11%	125.00%	73.91%
Gross Margin	72.30%	72.17%	72.25%	70.69%	73.75%	71.32%
Operating Margin	21.85%	21.90%	21.20%	16.11%	18.74%	20.00%
Profit Margin	25.12%	23.77%	19.40%	16.81%	19.74%	17.68%
Free Cash Flow Margin	27.84%	23.07%	21.77%	23.80%	15.29%	25.06%
EBITDA	527.7	571.42	575.53	412.21	412.97	393.58
EBITDA Margin	25.35%	26.05%	26.50%	21.03%	23.72%	25.12%
D&A For EBITDA	72.83	90.95	115.12	96.55	86.6	80.27
EBIT	454.88	480.47	460.41	315.65	326.37	313.31
EBIT Margin	21.85%	21.90%	21.20%	16.11%	18.74%	20.00%
Effective Tax Rate	19.37%	19.01%	18.71%	26.15%	19.89%	19.51%
Revenue as Reported	2,082	2,194	2,172	1,960	1,741	1,566
Advertising Expenses	-	530.36	514.72	361.86	378.93	64.35

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