SHE:002332 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	3,568	3,980	4,079	4,358	4,335	4,002
Other Revenue	21.17	21.17	43.96	21.52	22.46	16.91
Revenue	3,589	4,001	4,123	4,380	4,357	4,019
Revenue Growth (YoY)	-12.95%	-2.98%	-5.85%	0.52%	8.42%	8.37%
Cost of Revenue	1,341	1,744	1,972	1,865	1,848	1,801
Gross Profit	2,249	2,256	2,152	2,515	2,509	2,218
Selling, General & Admin	1,487	1,344	1,271	1,532	1,560	1,344
Research & Development	278.85	265.17	261	266.77	243.37	208.39
Other Operating Expenses	25.86	19.26	22.04	32.92	32.73	34.43
Operating Expenses	1,801	1,639	1,547	1,836	1,836	1,578
Operating Income	447.51	617.42	604.79	678.81	672.92	640.05
Interest Expense	-4.97	-3.13	-3.37	-6.29	-23.1	-49.23
Interest & Investment Income	4.97	29.48	38.28	76.54	43.19	14.97
Currency Exchange Gain (Loss)	10.57	10.57	-9.32	11.8	17.44	-25.01
Other Non Operating Income (Expenses)	-10.91	-2.7	-5.53	-11.25	-5.26	-18.64
EBT Excluding Unusual Items	447.17	651.63	624.85	749.6	705.19	562.13
Gain (Loss) on Sale of Investments	-20.39	-8.14	-8.97	-0	0.64	-
Gain (Loss) on Sale of Assets	47.28	0.28	-1.48	91.62	14.51	-0.74
Asset Writedown	-1.96	-1.31	-0.42	-0.91	-1.68	-1.12
Other Unusual Items	-170.81	-170.81	27.7	31.58	11.2	32.36
Pretax Income	327.97	498.33	641.68	871.89	729.87	621.25
Income Tax Expense	74.87	98.4	79.56	124.49	108.6	92.25
Earnings From Continuing Operations	253.1	399.92	562.12	747.4	621.26	529
Minority Interest in Earnings	20.59	-2.74	0.97	2.01	-1.94	-24.49
Net Income	273.68	397.18	563.08	749.41	619.33	504.51
Net Income to Common	273.68	397.18	563.08	749.41	619.33	504.51
Net Income Growth	-55.98%	-29.46%	-24.86%	21.00%	22.76%	22.94%
Shares Outstanding (Basic)	993	993	988	989	989	917
Shares Outstanding (Diluted)	993	993	988	989	989	917
Shares Change (YoY)	0.54%	0.51%	-0.13%	0.00%	7.84%	0.59%
EPS (Basic)	0.28	0.40	0.57	0.76	0.63	0.55
EPS (Diluted)	0.28	0.40	0.57	0.76	0.63	0.55
EPS Growth	-56.21%	-29.83%	-24.76%	21.00%	13.84%	22.22%
Free Cash Flow	104.27	191.07	360.85	326.74	409.31	671.06
Free Cash Flow Per Share	0.10	0.19	0.36	0.33	0.41	0.73
Dividend Per Share	0.400	0.300	0.300	0.300	0.150	0.150
Dividend Growth	33.33%	-	-	100.00%	-	50.00%
Gross Margin	62.64%	56.40%	52.18%	57.42%	57.58%	55.18%
Operating Margin	12.47%	15.43%	14.67%	15.50%	15.44%	15.93%
Profit Margin	7.63%	9.93%	13.66%	17.11%	14.21%	12.55%
Free Cash Flow Margin	2.90%	4.78%	8.75%	7.46%	9.39%	16.70%
EBITDA	670.11	835.24	816.24	866.26	857.11	817.16
EBITDA Margin	18.67%	20.88%	19.79%	19.78%	19.67%	20.33%
D&A For EBITDA	222.6	217.82	211.45	187.46	184.19	177.11
EBIT	447.51	617.42	604.79	678.81	672.92	640.05
EBIT Margin	12.47%	15.43%	14.67%	15.50%	15.44%	15.93%
Effective Tax Rate	22.83%	19.75%	12.40%	14.28%	14.88%	14.85%
Revenue as Reported	3,589	4,001	4,123	4,380	4,357	4,019
Advertising Expenses	-	712.54	685.06	991.03	1,035	864.56

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