SHE:002518 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	4,818	4,121	5,401	4,359	2,764	2,391
Other Revenue	38.12	38.12	38.54	42.01	41.57	31.49
Revenue	4,856	4,159	5,440	4,401	2,806	2,423
Revenue Growth (YoY)	13.38%	-23.54%	23.61%	56.84%	15.82%	-7.19%
Cost of Revenue	3,550	2,981	3,755	3,036	1,942	1,547
Gross Profit	1,306	1,178	1,685	1,365	863.64	875.57
Selling, General & Admin	438.56	425.03	415.86	401.74	328	347.34
Research & Development	273.83	271.52	243.2	169.99	153.6	155.44
Other Operating Expenses	51.43	42.13	48.41	37.67	31	24.76
Operating Expenses	847.72	823.4	761.48	647.66	501.16	566.99
Operating Income	457.98	354.76	923.17	717.21	362.48	308.57
Interest Expense	-4.2	-5.05	-2.83	-3.46	-2.69	-3.18
Interest & Investment Income	60.31	76.02	55.2	32.88	33.59	36.22
Currency Exchange Gain (Loss)	21.76	21.76	12.27	20.22	-5.58	-32.91
Other Non Operating Income (Expenses)	-0.14	-3.4	-3.49	-1.69	-1.73	-1.24
EBT Excluding Unusual Items	535.7	444.09	984.32	765.16	386.08	307.47
Gain (Loss) on Sale of Investments	0.84	0.91	0.05	0.55	10.87	3.31
Gain (Loss) on Sale of Assets	-0.04	-0.05	0.1	-0.8	-	2.92
Asset Writedown	36.08	-0.59	0.36	-3.33	-0.42	-1.21
Other Unusual Items	37.12	37.12	28.89	33.68	16.31	21.98
Pretax Income	609.7	481.49	1,014	795.26	412.84	334.47
Income Tax Expense	120.08	86.67	142.54	113.22	40.47	30.37
Earnings From Continuing Operations	489.61	394.82	871.18	682.04	372.37	304.11
Minority Interest in Earnings	-6.44	-0.61	-25.7	-25.55	0.83	-1
Net Income	483.17	394.2	845.48	656.49	373.2	303.1
Net Income to Common	483.17	394.2	845.48	656.49	373.2	303.1
Net Income Growth	-5.37%	-53.37%	28.79%	75.91%	23.13%	-5.49%
Shares Outstanding (Basic)	575	580	583	581	583	583
Shares Outstanding (Diluted)	575	580	583	581	583	583
Shares Change (YoY)	-1.82%	-0.58%	0.37%	-0.37%	0.04%	-0.03%
EPS (Basic)	0.84	0.68	1.45	1.13	0.64	0.52
EPS (Diluted)	0.84	0.68	1.45	1.13	0.64	0.52
EPS Growth	-3.61%	-53.10%	28.32%	76.56%	23.08%	-5.46%
Free Cash Flow	635.25	324.19	333.72	692.52	259.54	160.04
Free Cash Flow Per Share	1.10	0.56	0.57	1.19	0.45	0.28
Dividend Per Share	0.230	0.230	0.450	0.350	0.250	0.200
Dividend Growth	-48.89%	-48.89%	28.57%	40.00%	25.00%	-
Gross Margin	26.89%	28.33%	30.97%	31.01%	30.78%	36.14%
Operating Margin	9.43%	8.53%	16.97%	16.30%	12.92%	12.74%
Profit Margin	9.95%	9.48%	15.54%	14.92%	13.30%	12.51%
Free Cash Flow Margin	13.08%	7.80%	6.13%	15.74%	9.25%	6.61%
EBITDA	552.45	448.68	1,016	804.94	432.62	375.34
EBITDA Margin	11.38%	10.79%	18.68%	18.29%	15.42%	15.49%
D&A For EBITDA	94.47	93.93	93.21	87.73	70.14	66.76
EBIT	457.98	354.76	923.17	717.21	362.48	308.57
EBIT Margin	9.43%	8.53%	16.97%	16.30%	12.92%	12.74%
Effective Tax Rate	19.70%	18.00%	14.06%	14.24%	9.80%	9.08%
Revenue as Reported	4,856	4,159	5,440	4,401	2,806	2,423
Advertising Expenses	-	27.83	22.08	12.35	11.46	7.91

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