SHE:002469 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	2,790	2,542	2,646	2,589	2,572	664.74
Other Revenue	12.46	12.46	11.62	20.4	59.48	11.22
Revenue	2,802	2,554	2,657	2,610	2,631	675.96
Revenue Growth (YoY)	18.82%	-3.88%	1.82%	-0.82%	289.29%	7.12%
Cost of Revenue	2,243	2,006	2,097	2,102	1,969	461.28
Gross Profit	558.77	548.22	560.88	508.1	662.36	214.68
Selling, General & Admin	138.69	138.35	126.97	116.3	119.23	111.2
Research & Development	111.76	111.8	114.17	101.82	103.01	32.71
Other Operating Expenses	6.33	3.68	5.07	9.16	14.71	5.51
Operating Expenses	247.81	249.51	252.27	211.16	232.25	130.83
Operating Income	310.95	298.71	308.6	296.94	430.11	83.85
Interest Expense	-	-	-0.06	-0.84	-1.7	-1.93
Interest & Investment Income	39.51	43.56	34.44	34.26	28.97	15.09
Currency Exchange Gain (Loss)	0.73	0.73	0.18	0.35	-2.52	-0.14
Other Non Operating Income (Expenses)	-11.23	-9.94	-7.23	-13.91	-25.24	-0.24
EBT Excluding Unusual Items	339.95	333.05	335.95	316.81	429.61	96.63
Impairment of Goodwill	-19.25	-19.25	-	-	-	-
Gain (Loss) on Sale of Investments	1.63	1.63	0.4	0.21	-	-
Gain (Loss) on Sale of Assets	-11.73	-11.03	0.02	0.09	0.11	-
Asset Writedown	-5.49	-0.31	-0.68	-7.02	-0.65	-0.02
Other Unusual Items	1.96	2.03	5.55	6.19	7.85	288.64
Pretax Income	307.07	306.12	341.24	316.28	436.92	385.25
Income Tax Expense	44.28	42.53	51.9	37.91	52.91	13.45
Earnings From Continuing Operations	262.79	263.58	289.34	278.37	384.01	371.8
Minority Interest in Earnings	7.37	-0.93	-7.15	-4.66	-6.52	1.18
Net Income	270.16	262.65	282.18	273.71	377.49	372.98
Net Income to Common	270.16	262.65	282.18	273.71	377.49	372.98
Net Income Growth	17.60%	-6.92%	3.10%	-27.49%	1.21%	382.11%
Shares Outstanding (Basic)	657	657	656	652	651	511
Shares Outstanding (Diluted)	657	657	656	652	651	511
Shares Change (YoY)	0.03%	0.06%	0.70%	0.13%	27.38%	-0.94%
EPS (Basic)	0.41	0.40	0.43	0.42	0.58	0.73
EPS (Diluted)	0.41	0.40	0.43	0.42	0.58	0.73
EPS Growth	17.56%	-6.98%	2.38%	-27.59%	-20.55%	386.67%
Free Cash Flow	91.85	235.24	456.83	440.29	240.35	226.67
Free Cash Flow Per Share	0.14	0.36	0.70	0.68	0.37	0.44
Dividend Per Share	0.400	0.400	0.300	0.250	0.250	0.150
Dividend Growth	-	33.33%	20.00%	-	66.67%	50.00%
Gross Margin	19.94%	21.46%	21.11%	19.47%	25.17%	31.76%
Operating Margin	11.10%	11.70%	11.61%	11.38%	16.35%	12.40%
Profit Margin	9.64%	10.28%	10.62%	10.49%	14.34%	55.18%
Free Cash Flow Margin	3.28%	9.21%	17.19%	16.87%	9.13%	33.53%
EBITDA	363.92	358.86	378.32	369.63	496.73	104.23
EBITDA Margin	12.99%	14.05%	14.24%	14.16%	18.88%	15.42%
D&A For EBITDA	52.97	60.15	69.72	72.69	66.62	20.38
EBIT	310.95	298.71	308.6	296.94	430.11	83.85
EBIT Margin	11.10%	11.70%	11.61%	11.38%	16.35%	12.40%
Effective Tax Rate	14.42%	13.89%	15.21%	11.99%	12.11%	3.49%
Revenue as Reported	2,802	2,554	2,657	2,610	2,631	675.96
Advertising Expenses	-	0.02	0.29	0.02	0.18	0.03

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