SHE:002375 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	10,667	12,105	12,832	12,056	12,036	10,743
Other Revenue	30.55	30.55	36.78	60.09	39.83	44.42
Revenue	10,698	12,136	12,869	12,116	12,076	10,787
Revenue Growth (YoY)	-13.43%	-5.70%	6.21%	0.33%	11.95%	0.02%
Cost of Revenue	9,221	10,565	11,429	10,594	11,231	9,273
Gross Profit	1,477	1,570	1,440	1,522	845.53	1,514
Selling, General & Admin	452.51	480.35	548.23	593.09	660.09	578.45
Research & Development	295.33	371.82	388.82	371.37	382.92	323.26
Other Operating Expenses	30.23	47.59	50.65	47.5	44.73	39.47
Operating Expenses	984.7	1,135	1,109	1,369	1,664	1,117
Operating Income	492.5	435.83	330.11	152.95	-818.07	397.12
Interest Expense	-45.89	-54.58	-70.76	-78.09	-79.42	-82.42
Interest & Investment Income	9.98	15.41	31.24	25.3	27.22	21.99
Currency Exchange Gain (Loss)	0	0	0	-0	-2.29	0
Other Non Operating Income (Expenses)	-5.98	-14.15	-9.43	-13.35	-5.97	0.86
EBT Excluding Unusual Items	450.61	382.51	281.16	86.81	-878.53	337.55
Impairment of Goodwill	-42.49	-42.49	-22.19	-	-29.69	-
Gain (Loss) on Sale of Investments	-3.41	-5.15	-12.95	3.25	-11.47	31.43
Gain (Loss) on Sale of Assets	-4.58	-1.73	2.61	3.65	15.43	21.39
Asset Writedown	-56.83	-0.01	-0.04	-0.04	-1.57	-0.5
Other Unusual Items	11.96	12.26	19.33	154.58	-99.43	19.13
Pretax Income	355.25	345.39	267.93	248.25	-1,005	408.99
Income Tax Expense	48.34	40.1	14.09	45.4	-132.14	77.35
Earnings From Continuing Operations	306.92	305.29	253.84	202.85	-873.13	331.63
Minority Interest in Earnings	7.9	-2.57	-3.66	-16.61	-14.83	-14.16
Net Income	314.82	302.73	250.19	186.24	-887.96	317.47
Net Income to Common	314.82	302.73	250.19	186.24	-887.96	317.47
Net Income Growth	23.71%	21.00%	34.33%	-	-	-25.42%
Shares Outstanding (Basic)	1,312	1,316	1,317	1,330	1,345	1,323
Shares Outstanding (Diluted)	1,312	1,316	1,317	1,330	1,345	1,323
Shares Change (YoY)	-1.66%	-0.04%	-1.02%	-1.12%	1.71%	-0.56%
EPS (Basic)	0.24	0.23	0.19	0.14	-0.66	0.24
EPS (Diluted)	0.24	0.23	0.19	0.14	-0.66	0.24
EPS Growth	25.80%	21.05%	35.71%	-	-	-25.00%
Free Cash Flow	437.87	146.55	176.86	-39.7	179.81	408.2
Free Cash Flow Per Share	0.33	0.11	0.13	-0.03	0.13	0.31
Dividend Per Share	0.070	0.070	0.020	0.014	0.025	0.025
Dividend Growth	250.00%	250.00%	42.86%	-44.00%	-	-24.24%
Gross Margin	13.81%	12.94%	11.19%	12.57%	7.00%	14.03%
Operating Margin	4.60%	3.59%	2.56%	1.26%	-6.77%	3.68%
Profit Margin	2.94%	2.50%	1.94%	1.54%	-7.35%	2.94%
Free Cash Flow Margin	4.09%	1.21%	1.37%	-0.33%	1.49%	3.78%
EBITDA	538.4	487.27	388.93	216.21	-748.66	464.27
EBITDA Margin	5.03%	4.01%	3.02%	1.78%	-6.20%	4.30%
D&A For EBITDA	45.9	51.44	58.83	63.25	69.41	67.15
EBIT	492.5	435.83	330.11	152.95	-818.07	397.12
EBIT Margin	4.60%	3.59%	2.56%	1.26%	-6.77%	3.68%
Effective Tax Rate	13.61%	11.61%	5.26%	18.29%	-	18.91%
Revenue as Reported	10,698	12,136	12,869	12,116	12,076	10,787

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