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

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