SHE:002327 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	2,687	2,948	2,968	3,012	3,116	2,820
Other Revenue	63.72	63.72	61.6	68.03	62.9	53.87
Revenue	2,751	3,011	3,030	3,080	3,179	2,874
Revenue Growth (YoY)	-8.06%	-0.60%	-1.62%	-3.14%	10.62%	3.06%
Cost of Revenue	1,241	1,331	1,353	1,449	1,526	1,409
Gross Profit	1,510	1,680	1,677	1,630	1,653	1,465
Selling, General & Admin	928.97	938.39	904.89	913.17	887.04	804.77
Research & Development	73.12	95.44	107.96	109.81	76	70.18
Other Operating Expenses	24.24	8.16	17.63	31.11	33.13	22.91
Operating Expenses	1,026	1,056	1,033	1,058	995.42	898.76
Operating Income	483.74	623.42	643.27	572.06	657.36	566.28
Interest Expense	-10.49	-9.83	-8.35	-7.04	-11.26	-0.65
Interest & Investment Income	35.64	48.6	54.57	100.21	41.94	50.57
Currency Exchange Gain (Loss)	-0.05	-0.05	0.03	-0.17	-0.39	0.31
Other Non Operating Income (Expenses)	-7.79	-4.21	-1.48	-2.56	-0.37	13.2
EBT Excluding Unusual Items	501.05	657.94	688.04	662.51	687.28	629.71
Gain (Loss) on Sale of Investments	1.53	-2.14	-9.65	-79.86	-41.38	-16
Gain (Loss) on Sale of Assets	-0.52	0.89	0.48	35.56	-1.83	-0.52
Asset Writedown	-4.88	-4.88	-4.17	1.19	-6.63	0.57
Other Unusual Items	3.6	3.6	18.61	26.04	40.67	-
Pretax Income	500.78	655.4	693.32	645.44	678.11	613.76
Income Tax Expense	91.99	113.14	121.22	110.85	132.24	97.3
Net Income	408.79	542.25	572.1	534.59	545.87	516.46
Net Income to Common	408.79	542.25	572.1	534.59	545.87	516.46
Net Income Growth	-21.24%	-5.22%	7.02%	-2.07%	5.69%	1.89%
Shares Outstanding (Basic)	854	834	829	822	815	833
Shares Outstanding (Diluted)	854	847	829	822	815	833
Shares Change (YoY)	1.77%	2.19%	0.81%	0.95%	-2.19%	-1.39%
EPS (Basic)	0.48	0.65	0.69	0.65	0.67	0.62
EPS (Diluted)	0.48	0.64	0.69	0.65	0.67	0.62
EPS Growth	-22.61%	-7.25%	6.15%	-2.99%	8.06%	3.33%
Free Cash Flow	751.36	297.35	686.18	669.49	695.73	520.66
Free Cash Flow Per Share	0.88	0.35	0.83	0.81	0.85	0.63
Dividend Per Share	0.620	0.620	0.650	0.600	0.600	0.500
Dividend Growth	-4.61%	-4.61%	8.33%	-	20.00%	-
Gross Margin	54.88%	55.79%	55.34%	52.93%	51.99%	50.98%
Operating Margin	17.59%	20.70%	21.23%	18.58%	20.68%	19.70%
Profit Margin	14.86%	18.01%	18.88%	17.36%	17.17%	17.97%
Free Cash Flow Margin	27.31%	9.88%	22.65%	21.74%	21.88%	18.12%
EBITDA	551.38	692.99	715.42	643.17	724.6	634.19
EBITDA Margin	20.04%	23.01%	23.61%	20.89%	22.79%	22.07%
D&A For EBITDA	67.64	69.57	72.14	71.1	67.24	67.92
EBIT	483.74	623.42	643.27	572.06	657.36	566.28
EBIT Margin	17.59%	20.70%	21.23%	18.58%	20.68%	19.70%
Effective Tax Rate	18.37%	17.26%	17.48%	17.18%	19.50%	15.85%
Revenue as Reported	2,751	3,011	3,030	3,080	3,179	2,874
Advertising Expenses	-	233.93	185.54	166.09	147.82	112.82

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