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

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