SHE:002384 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	37,084	36,479	33,476	31,451	31,683	28,018
Other Revenue	291.18	291.18	175.23	129.33	110.42	75.51
Revenue	37,375	36,770	33,651	31,580	31,793	28,093
Revenue Growth (YoY)	-0.64%	9.27%	6.56%	-0.67%	13.17%	19.28%
Cost of Revenue	32,588	32,102	28,969	26,482	27,312	23,768
Gross Profit	4,787	4,668	4,682	5,098	4,481	4,325
Selling, General & Admin	1,642	1,532	1,288	1,148	1,105	1,012
Research & Development	1,241	1,267	1,161	940.09	1,029	910.25
Other Operating Expenses	109.59	128.88	122.16	107.06	73.6	87.91
Operating Expenses	2,966	2,972	2,611	2,271	2,227	2,152
Operating Income	1,821	1,696	2,071	2,827	2,255	2,173
Interest Expense	-415.74	-438.23	-463.69	-383.65	-371.34	-562.32
Interest & Investment Income	207.44	243.07	229.75	42.13	104.4	106.4
Currency Exchange Gain (Loss)	286.98	286.98	93.4	204.34	-70.48	-103.1
Other Non Operating Income (Expenses)	8.59	-33.09	-44.44	-62.44	-57.66	-53.92
EBT Excluding Unusual Items	1,908	1,755	1,886	2,628	1,860	1,560
Impairment of Goodwill	-89.59	-89.59	-33.24	-19.78	-8.87	-
Gain (Loss) on Sale of Investments	23.75	-39.93	115.75	-67.54	8.65	13.23
Gain (Loss) on Sale of Assets	-213.05	-234.75	-18.24	-5.51	-14.06	21.38
Asset Writedown	-410.66	-402.78	-7.03	-15.57	-1.97	-10.45
Other Unusual Items	479.59	479.59	247.68	321.65	267.56	202.08
Pretax Income	1,698	1,468	2,191	2,841	2,111	1,786
Income Tax Expense	456.24	382.65	226.04	472.84	249.92	249.14
Earnings From Continuing Operations	1,242	1,085	1,965	2,368	1,861	1,537
Minority Interest in Earnings	-0.22	0.58	-0.52	0.29	1.58	-7.05
Net Income	1,242	1,086	1,965	2,368	1,862	1,530
Net Income to Common	1,242	1,086	1,965	2,368	1,862	1,530
Net Income Growth	-26.93%	-44.74%	-17.05%	27.16%	21.72%	117.76%
Shares Outstanding (Basic)	1,716	1,696	1,708	1,704	1,709	1,645
Shares Outstanding (Diluted)	1,716	1,696	1,708	1,704	1,709	1,645
Shares Change (YoY)	-0.13%	-0.70%	0.26%	-0.28%	3.85%	3.03%
EPS (Basic)	0.72	0.64	1.15	1.39	1.09	0.93
EPS (Diluted)	0.72	0.64	1.15	1.39	1.09	0.93
EPS Growth	-26.84%	-44.35%	-17.27%	27.52%	17.20%	111.36%
Free Cash Flow	380.65	1,194	1,706	1,255	160.34	541.45
Free Cash Flow Per Share	0.22	0.70	1.00	0.74	0.09	0.33
Dividend Per Share	0.070	0.070	0.250	0.110	0.200	0.100
Dividend Growth	-72.00%	-72.00%	127.27%	-45.10%	100.36%	100.00%
Gross Margin	12.81%	12.70%	13.91%	16.14%	14.09%	15.39%
Operating Margin	4.87%	4.61%	6.16%	8.95%	7.09%	7.74%
Profit Margin	3.32%	2.95%	5.84%	7.50%	5.86%	5.45%
Free Cash Flow Margin	1.02%	3.25%	5.07%	3.97%	0.50%	1.93%
EBITDA	4,184	3,867	3,984	4,583	3,884	3,682
EBITDA Margin	11.19%	10.52%	11.84%	14.51%	12.22%	13.11%
D&A For EBITDA	2,363	2,170	1,913	1,756	1,630	1,509
EBIT	1,821	1,696	2,071	2,827	2,255	2,173
EBIT Margin	4.87%	4.61%	6.16%	8.95%	7.09%	7.74%
Effective Tax Rate	26.87%	26.07%	10.32%	16.64%	11.84%	13.95%
Revenue as Reported	37,375	36,770	33,651	31,580	31,793	28,093

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