SHE:002461 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	5,840	5,654	5,300	4,837	4,418	4,143
Other Revenue	76.81	76.81	78.41	90.88	119.41	106.66
Revenue	5,917	5,731	5,378	4,928	4,538	4,249
Revenue Growth (YoY)	3.56%	6.56%	9.13%	8.60%	6.79%	0.13%
Cost of Revenue	3,060	3,077	3,085	2,850	2,546	2,151
Gross Profit	2,857	2,654	2,293	2,078	1,991	2,098
Selling, General & Admin	1,327	1,279	1,217	1,078	1,058	1,102
Research & Development	182.43	179.5	151.18	165.91	148.2	137.21
Other Operating Expenses	472.47	457.61	449.45	438.87	419.04	387.86
Operating Expenses	1,983	1,916	1,818	1,683	1,627	1,637
Operating Income	874.78	738.67	474.45	395.74	364.62	460.83
Interest Expense	-29.28	-32.22	-38.37	-37.4	-37.86	-22.58
Interest & Investment Income	215.25	198.6	225.5	266.23	262.9	242.47
Currency Exchange Gain (Loss)	0.12	0.12	0.05	0.06	-0.04	-15.06
Other Non Operating Income (Expenses)	-3.6	-1.75	-1.15	-1.08	-1.1	-3.07
EBT Excluding Unusual Items	1,057	903.42	660.47	623.55	588.51	662.59
Gain (Loss) on Sale of Investments	7.63	1.89	9.19	6.45	8.01	1.34
Gain (Loss) on Sale of Assets	-22.03	-23.37	1.22	1.73	56.44	-33.52
Asset Writedown	-6.56	-14.31	-11.77	-3.27	-3.01	-8.76
Other Unusual Items	86.31	85	80.89	77.86	80.35	81.51
Pretax Income	1,123	952.63	740	706.32	730.3	703.15
Income Tax Expense	159.58	121.85	96.5	100.71	102.9	117.45
Earnings From Continuing Operations	963.03	830.78	643.5	605.6	627.4	585.71
Minority Interest in Earnings	-15.22	-20.51	-19.99	-7.34	-16.21	-16.42
Net Income	947.81	810.27	623.51	598.26	611.19	569.28
Net Income to Common	947.81	810.27	623.51	598.26	611.19	569.28
Net Income Growth	20.49%	29.95%	4.22%	-2.11%	7.36%	14.43%
Shares Outstanding (Basic)	2,190	2,190	2,227	2,216	2,183	2,190
Shares Outstanding (Diluted)	2,190	2,190	2,227	2,216	2,183	2,190
Shares Change (YoY)	-1.65%	-1.66%	0.50%	1.51%	-0.31%	-3.17%
EPS (Basic)	0.43	0.37	0.28	0.27	0.28	0.26
EPS (Diluted)	0.43	0.37	0.28	0.27	0.28	0.26
EPS Growth	22.51%	32.14%	3.70%	-3.57%	7.69%	18.18%
Free Cash Flow	274.4	514.07	281.41	163.56	352.16	396.15
Free Cash Flow Per Share	0.13	0.23	0.13	0.07	0.16	0.18
Dividend Per Share	0.170	0.170	0.125	0.120	0.120	0.115
Dividend Growth	36.00%	36.00%	4.17%	-	4.35%	15.00%
Gross Margin	48.29%	46.32%	42.63%	42.17%	43.89%	49.38%
Operating Margin	14.78%	12.89%	8.82%	8.03%	8.04%	10.85%
Profit Margin	16.02%	14.14%	11.59%	12.14%	13.47%	13.40%
Free Cash Flow Margin	4.64%	8.97%	5.23%	3.32%	7.76%	9.32%
EBITDA	1,173	1,033	764.1	678.21	639.78	751.43
EBITDA Margin	19.83%	18.03%	14.21%	13.76%	14.10%	17.68%
D&A For EBITDA	298.59	294.76	289.66	282.47	275.16	290.6
EBIT	874.78	738.67	474.45	395.74	364.62	460.83
EBIT Margin	14.78%	12.89%	8.82%	8.03%	8.04%	10.85%
Effective Tax Rate	14.21%	12.79%	13.04%	14.26%	14.09%	16.70%
Revenue as Reported	5,917	5,731	5,378	4,928	4,538	4,249
Advertising Expenses	-	165.28	140.65	126.8	108.8	112.84

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