SHE:002349 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	1,436	1,388	1,496	1,550	1,336	1,256	Upgrade
Other Revenue	13.63	13.63	15.41	22.58	21.41	25.31	Upgrade
Revenue	1,449	1,402	1,512	1,573	1,358	1,281	Upgrade
Revenue Growth (YoY)	0.83%	-7.25%	-3.90%	15.85%	5.97%	10.71%	Upgrade
Cost of Revenue	712.86	719.73	781.18	847.06	739.21	695.09	Upgrade
Gross Profit	736.34	682.36	730.58	726	618.66	586.27	Upgrade
Selling, General & Admin	391.6	366.72	346.78	401.01	352.64	302.35	Upgrade
Research & Development	58.18	61.79	64.62	86.98	74.76	52.05	Upgrade
Other Operating Expenses	24.5	17.48	17.77	22.39	20.17	19.71	Upgrade
Operating Expenses	476.13	449.36	431.89	514.64	462.16	372.54	Upgrade
Operating Income	260.2	233	298.69	211.36	156.51	213.73	Upgrade
Interest Expense	-	-1.34	-2.57	-6.79	-12.94	-19.65	Upgrade
Interest & Investment Income	36.89	48.38	23.87	39.71	14.16	23.27	Upgrade
Currency Exchange Gain (Loss)	2.34	2.34	2.35	6.86	-1.48	-6.19	Upgrade
Other Non Operating Income (Expenses)	2.49	-0.3	0.43	-1.24	1.45	-1.58	Upgrade
EBT Excluding Unusual Items	301.92	282.09	322.76	249.9	157.7	209.58	Upgrade
Impairment of Goodwill	-	-	-	-	-	-5.56	Upgrade
Gain (Loss) on Sale of Investments	3.28	3.82	6.83	4.99	31.44	-3.52	Upgrade
Gain (Loss) on Sale of Assets	-0.17	-0.2	-0.09	-0.06	-0.58	3.36	Upgrade
Asset Writedown	-6.09	-2.13	-4.52	-16.96	-16.7	-148.15	Upgrade
Other Unusual Items	12.21	9.75	4.71	12.34	7.03	8.04	Upgrade
Pretax Income	311.16	293.32	329.7	250.21	178.89	63.74	Upgrade
Income Tax Expense	44.65	45.85	53.23	37.92	38.93	35.82	Upgrade
Earnings From Continuing Operations	266.51	247.47	276.47	212.29	139.96	27.93	Upgrade
Minority Interest in Earnings	-41.72	-34.81	-28.77	-0.06	20.74	83.07	Upgrade
Net Income	224.79	212.65	247.7	212.23	160.7	110.99	Upgrade
Net Income to Common	224.79	212.65	247.7	212.23	160.7	110.99	Upgrade
Net Income Growth	3.79%	-14.15%	16.71%	32.06%	44.79%	-	Upgrade
Shares Outstanding (Basic)	819	814	814	814	814	814	Upgrade
Shares Outstanding (Diluted)	819	814	814	814	814	814	Upgrade
Shares Change (YoY)	0.62%	-0.01%	0.02%	-0.00%	-0.03%	0.03%	Upgrade
EPS (Basic)	0.27	0.26	0.30	0.26	0.20	0.14	Upgrade
EPS (Diluted)	0.27	0.26	0.30	0.26	0.20	0.14	Upgrade
EPS Growth	3.15%	-14.13%	16.69%	32.07%	44.83%	-	Upgrade
Free Cash Flow	334.83	280.1	262.93	296.8	225.02	209.75	Upgrade
Free Cash Flow Per Share	0.41	0.34	0.32	0.36	0.28	0.26	Upgrade
Dividend Per Share	0.079	0.079	0.092	0.080	0.060	0.041	Upgrade
Dividend Growth	-14.67%	-14.67%	15.00%	33.33%	46.34%	-	Upgrade
Gross Margin	50.81%	48.67%	48.33%	46.15%	45.56%	45.75%	Upgrade
Operating Margin	17.95%	16.62%	19.76%	13.44%	11.53%	16.68%	Upgrade
Profit Margin	15.51%	15.17%	16.38%	13.49%	11.83%	8.66%	Upgrade
Free Cash Flow Margin	23.11%	19.98%	17.39%	18.87%	16.57%	16.37%	Upgrade
EBITDA	328.2	307.95	382.89	319.43	257.8	297.72	Upgrade
EBITDA Margin	22.65%	21.96%	25.33%	20.31%	18.99%	23.23%	Upgrade
D&A For EBITDA	67.99	74.94	84.21	108.07	101.29	83.99	Upgrade
EBIT	260.2	233	298.69	211.36	156.51	213.73	Upgrade
EBIT Margin	17.95%	16.62%	19.76%	13.44%	11.53%	16.68%	Upgrade
Effective Tax Rate	14.35%	15.63%	16.14%	15.16%	21.76%	56.19%	Upgrade
Revenue as Reported	1,449	1,402	1,512	1,573	1,358	1,281	Upgrade
Advertising Expenses	-	13.69	13.65	7.27	11.6	17.18	Upgrade

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