SHE:002281 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	2015 - 2019
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	2015 - 2019
Operating Revenue	11,384	8,230	6,053	6,904	6,484	6,043	Upgrade
Other Revenue	42.33	42.33	8.17	7.56	2.43	3.36	Upgrade
Revenue	11,426	8,272	6,061	6,912	6,486	6,046	Upgrade
Revenue Growth (YoY)	60.66%	36.48%	-12.31%	6.56%	7.28%	13.27%	Upgrade
Cost of Revenue	9,099	6,644	4,836	5,445	5,062	4,772	Upgrade
Gross Profit	2,327	1,628	1,225	1,467	1,425	1,274	Upgrade
Selling, General & Admin	453.31	359.43	243.83	299.15	278.66	258	Upgrade
Research & Development	875.2	712.95	559.59	660.33	661.11	555.82	Upgrade
Other Operating Expenses	-86.2	-60.36	-42.69	17.26	18.82	12.67	Upgrade
Operating Expenses	1,239	1,005	769.39	976.38	955.28	829.18	Upgrade
Operating Income	1,089	623.23	455.9	490.31	469.27	444.59	Upgrade
Interest Expense	-13.33	-12.5	-11.53	-14.52	-6.88	-7.21	Upgrade
Interest & Investment Income	52.9	95.25	136.38	94.1	77.66	53.1	Upgrade
Earnings From Equity Investments	-4.27	1.94	1.03	-	-	4.12	Upgrade
Currency Exchange Gain (Loss)	-20	-20	31.53	50.2	-23.84	-31.14	Upgrade
Other Non Operating Income (Expenses)	-29.64	-3.49	-2.34	-2.59	-3.9	-3.2	Upgrade
EBT Excluding Unusual Items	1,074	684.43	610.96	617.5	512.32	460.25	Upgrade
Impairment of Goodwill	-	-	-	-10.52	-	-1.93	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-8.84	-	Upgrade
Gain (Loss) on Sale of Assets	-0.11	-0.01	0.03	-1.31	0.4	1.15	Upgrade
Asset Writedown	-101.24	-	-2.25	-0.69	-0.93	-0.01	Upgrade
Other Unusual Items	36.78	36.44	68.35	79.91	117.09	38.37	Upgrade
Pretax Income	1,010	720.86	677.09	684.89	620.03	497.84	Upgrade
Income Tax Expense	110.02	64.69	57.96	71.31	54.27	45.44	Upgrade
Earnings From Continuing Operations	899.67	656.16	619.13	613.58	565.76	452.4	Upgrade
Minority Interest in Earnings	16.62	5.15	-0.06	-5.17	1.51	34.98	Upgrade
Net Income	916.28	661.32	619.08	608.41	567.27	487.38	Upgrade
Net Income to Common	916.28	661.32	619.08	608.41	567.27	487.38	Upgrade
Net Income Growth	36.81%	6.82%	1.75%	7.25%	16.39%	36.25%	Upgrade
Shares Outstanding (Basic)	784	778	746	676	667	668	Upgrade
Shares Outstanding (Diluted)	784	787	784	699	667	668	Upgrade
Shares Change (YoY)	-8.64%	0.46%	12.06%	4.79%	-0.04%	0.79%	Upgrade
EPS (Basic)	1.17	0.85	0.83	0.90	0.85	0.73	Upgrade
EPS (Diluted)	1.17	0.84	0.79	0.87	0.85	0.73	Upgrade
EPS Growth	49.74%	6.33%	-9.20%	2.35%	16.44%	35.19%	Upgrade
Free Cash Flow	657.37	-1,348	379.84	211.11	326.41	683.09	Upgrade
Free Cash Flow Per Share	0.84	-1.71	0.48	0.30	0.49	1.02	Upgrade
Dividend Per Share	0.260	0.260	0.240	0.170	0.170	0.170	Upgrade
Dividend Growth	8.33%	8.33%	41.18%	-	-	-	Upgrade
Gross Margin	20.37%	19.68%	20.22%	21.22%	21.96%	21.07%	Upgrade
Operating Margin	9.53%	7.53%	7.52%	7.09%	7.23%	7.35%	Upgrade
Profit Margin	8.02%	7.99%	10.21%	8.80%	8.75%	8.06%	Upgrade
Free Cash Flow Margin	5.75%	-16.29%	6.27%	3.05%	5.03%	11.30%	Upgrade
EBITDA	1,364	906.89	749.93	784.42	733.36	658.67	Upgrade
EBITDA Margin	11.94%	10.96%	12.37%	11.35%	11.31%	10.89%	Upgrade
D&A For EBITDA	275.87	283.65	294.03	294.11	264.09	214.09	Upgrade
EBIT	1,089	623.23	455.9	490.31	469.27	444.59	Upgrade
EBIT Margin	9.53%	7.53%	7.52%	7.09%	7.23%	7.35%	Upgrade
Effective Tax Rate	10.90%	8.97%	8.56%	10.41%	8.75%	9.13%	Upgrade
Revenue as Reported	11,426	8,272	6,061	6,912	6,486	6,046	Upgrade
Advertising Expenses	-	5.17	4.64	4.54	2.83	1.59	Upgrade

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