SHE:002484 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	5,355	4,777	4,811	4,475	3,500	2,612
Other Revenue	30.91	30.91	33.95	47.14	49.45	23.2
Revenue	5,386	4,808	4,845	4,522	3,550	2,635
Revenue Growth (YoY)	16.95%	-0.76%	7.15%	27.38%	34.71%	24.12%
Cost of Revenue	4,085	3,629	3,601	3,348	2,637	1,905
Gross Profit	1,302	1,179	1,244	1,174	912.42	729.87
Selling, General & Admin	235.44	228.58	228.4	219.38	223.96	201.29
Research & Development	291.63	269.9	232.21	218.95	196.99	154.44
Other Operating Expenses	45.39	-20.4	25.28	23.63	19.69	16.5
Operating Expenses	571.37	484.12	488.89	473.65	445.19	369.51
Operating Income	730.44	695.25	754.85	700.21	467.23	360.35
Interest Expense	-10.36	-11.82	-11.15	-10.23	-7.58	-6.32
Interest & Investment Income	8.55	14.59	12.26	13.43	20.81	11.66
Currency Exchange Gain (Loss)	15.16	15.16	16.91	39.64	-4.82	-23.58
Other Non Operating Income (Expenses)	-16.01	-2.87	-3.11	-0.79	-1.5	-2.48
EBT Excluding Unusual Items	727.78	710.31	769.77	742.26	474.14	339.64
Impairment of Goodwill	-	-	-	-15.14	-	-
Gain (Loss) on Sale of Investments	0.1	0.76	0.25	0.09	1.05	13.71
Gain (Loss) on Sale of Assets	-4.19	-4.19	-1.46	-1.4	-1.22	-1.56
Asset Writedown	-23.71	-13.99	-	-	-	-
Other Unusual Items	70.67	48.45	54.47	23.21	24.54	74.44
Pretax Income	770.89	741.57	823.73	749.68	500.91	426.35
Income Tax Expense	72.79	81.23	113.28	87.21	62.54	43.28
Earnings From Continuing Operations	698.1	660.34	710.45	662.47	438.38	383.06
Minority Interest in Earnings	-2.96	-5.67	-3.38	-1.23	-3.45	-10.25
Net Income	695.14	654.66	707.07	661.24	434.92	372.81
Net Income to Common	695.14	654.66	707.07	661.24	434.92	372.81
Net Income Growth	6.31%	-7.41%	6.93%	52.04%	16.66%	54.95%
Shares Outstanding (Basic)	844	844	842	835	821	818
Shares Outstanding (Diluted)	844	844	846	840	836	833
Shares Change (YoY)	-0.18%	-0.16%	0.65%	0.47%	0.37%	0.92%
EPS (Basic)	0.82	0.78	0.84	0.79	0.53	0.46
EPS (Diluted)	0.82	0.78	0.84	0.79	0.52	0.45
EPS Growth	6.50%	-7.26%	6.24%	51.33%	16.23%	53.53%
Free Cash Flow	537.98	351.13	276.61	-44.01	-63.08	75.81
Free Cash Flow Per Share	0.64	0.42	0.33	-0.05	-0.07	0.09
Dividend Per Share	0.260	0.260	0.260	0.150	0.120	0.120
Dividend Growth	-	-	73.33%	25.00%	-	50.00%
Gross Margin	24.17%	24.53%	25.67%	25.96%	25.70%	27.70%
Operating Margin	13.56%	14.46%	15.58%	15.49%	13.16%	13.68%
Profit Margin	12.90%	13.62%	14.59%	14.62%	12.25%	14.15%
Free Cash Flow Margin	9.99%	7.30%	5.71%	-0.97%	-1.78%	2.88%
EBITDA	999.1	939.94	967.58	877.38	626.02	486.17
EBITDA Margin	18.55%	19.55%	19.97%	19.40%	17.64%	18.45%
D&A For EBITDA	268.66	244.69	212.73	177.17	158.79	125.81
EBIT	730.44	695.25	754.85	700.21	467.23	360.35
EBIT Margin	13.56%	14.46%	15.58%	15.49%	13.16%	13.68%
Effective Tax Rate	9.44%	10.95%	13.75%	11.63%	12.48%	10.15%
Revenue as Reported	5,386	4,808	4,845	4,522	3,550	2,635
Advertising Expenses	-	2.84	2.56	7.16	7.98	3.35

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