SHE:002478 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	5,479	5,420	6,368	5,936	4,226	3,760
Other Revenue	276.46	276.46	292.53	287.1	-	182.08
Revenue	5,756	5,696	6,661	6,223	4,226	3,942
Revenue Growth (YoY)	-0.25%	-14.48%	7.03%	47.25%	7.22%	-25.42%
Cost of Revenue	4,824	4,766	5,445	5,364	3,871	3,245
Gross Profit	931.2	930.57	1,216	859.49	355.89	696.94
Selling, General & Admin	190.02	190.1	177.91	143.55	150.01	192.24
Research & Development	219.64	211.35	251.15	230.58	158.62	132.33
Other Operating Expenses	33.33	27.85	31.38	22.5	5.27	26.98
Operating Expenses	460.17	423.69	485.2	388.08	327.76	345.82
Operating Income	471.03	506.88	730.63	471.41	28.14	351.12
Interest Expense	-4.31	-3.76	-5.01	-10.36	-11.32	-9.17
Interest & Investment Income	108.03	82.38	72.21	16.12	37.17	36
Currency Exchange Gain (Loss)	81.57	81.57	53.01	110.43	-15.17	-40.08
Other Non Operating Income (Expenses)	5.3	8.42	-2.6	-31.26	183.15	-8.27
EBT Excluding Unusual Items	661.63	675.49	848.24	556.34	221.96	329.6
Impairment of Goodwill	-	-	-	-	-	-205.27
Gain (Loss) on Sale of Investments	5.63	31.41	-33.73	-53.53	-80.9	-
Gain (Loss) on Sale of Assets	5.28	7.03	-0.09	0.08	-1.14	-6.25
Asset Writedown	-4.84	-3.62	-20.66	-21.14	0	0.14
Other Unusual Items	50.56	50.56	114.58	63.98	3.51	54.77
Pretax Income	718.26	760.87	908.34	545.72	143.44	173
Income Tax Expense	82.3	95.04	103.04	61.64	-2.89	34.8
Earnings From Continuing Operations	635.95	665.83	805.3	484.08	146.33	138.21
Minority Interest in Earnings	-20.64	-31.61	-22.27	-13.04	-10.5	-14.56
Net Income	615.31	634.22	783.03	471.03	135.83	123.65
Net Income to Common	615.31	634.22	783.03	471.03	135.83	123.65
Net Income Growth	7.42%	-19.00%	66.24%	246.78%	9.85%	-79.43%
Shares Outstanding (Basic)	904	906	890	906	906	951
Shares Outstanding (Diluted)	904	906	890	906	906	951
Shares Change (YoY)	1.09%	1.82%	-1.77%	0.03%	-4.80%	-0.32%
EPS (Basic)	0.68	0.70	0.88	0.52	0.15	0.13
EPS (Diluted)	0.68	0.70	0.88	0.52	0.15	0.13
EPS Growth	6.26%	-20.46%	69.23%	246.67%	15.38%	-79.36%
Free Cash Flow	680.64	604.97	293.46	696.15	-660.38	284.96
Free Cash Flow Per Share	0.75	0.67	0.33	0.77	-0.73	0.30
Dividend Per Share	0.220	0.220	0.280	0.180	0.080	0.100
Dividend Growth	-21.43%	-21.43%	55.56%	125.00%	-20.00%	-23.08%
Gross Margin	16.18%	16.34%	18.25%	13.81%	8.42%	17.68%
Operating Margin	8.18%	8.90%	10.97%	7.58%	0.67%	8.91%
Profit Margin	10.69%	11.13%	11.76%	7.57%	3.21%	3.14%
Free Cash Flow Margin	11.83%	10.62%	4.41%	11.19%	-15.63%	7.23%
EBITDA	698.45	735.98	961.96	700.05	199.65	554.19
EBITDA Margin	12.13%	12.92%	14.44%	11.25%	4.72%	14.06%
D&A For EBITDA	227.42	229.1	231.33	228.64	171.52	203.07
EBIT	471.03	506.88	730.63	471.41	28.14	351.12
EBIT Margin	8.18%	8.90%	10.97%	7.58%	0.67%	8.91%
Effective Tax Rate	11.46%	12.49%	11.34%	11.30%	-	20.11%
Revenue as Reported	5,756	5,696	6,661	6,223	4,226	3,942
Advertising Expenses	-	1.77	0.3	0.15	0.7	0.83

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