SHE:002522 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	1,600	1,668	1,710	1,865	1,775	1,435
Other Revenue	42.36	42.36	18.14	18.78	21.32	14.43
Revenue	1,642	1,710	1,728	1,884	1,796	1,449
Revenue Growth (YoY)	-1.94%	-1.05%	-8.28%	4.92%	23.90%	16.35%
Cost of Revenue	1,379	1,442	1,437	1,520	1,372	1,069
Gross Profit	263.09	268.49	291.03	363.99	423.92	380.2
Selling, General & Admin	116.7	128.2	119.91	122.34	136.69	110.61
Research & Development	73.44	69.81	66.96	68.18	63.84	54.13
Other Operating Expenses	20.91	11.66	9.32	15.11	15.18	15.16
Operating Expenses	211.12	210.14	196.36	205.74	216.32	180.01
Operating Income	51.97	58.35	94.67	158.25	207.6	200.19
Interest Expense	-29.37	-33.51	-38.57	-40.56	-42.65	-52.69
Interest & Investment Income	27.83	29.24	31.56	29.37	28.8	23.32
Currency Exchange Gain (Loss)	0.96	0.96	2.72	1.05	-3.03	-4.29
Other Non Operating Income (Expenses)	-1.1	-1.76	-1.86	-2.14	-2.35	-3.91
EBT Excluding Unusual Items	50.28	53.27	88.52	145.96	188.38	162.61
Gain (Loss) on Sale of Investments	0.65	0.08	-1.31	1.34	0.22	1.64
Gain (Loss) on Sale of Assets	-1.72	-0.96	-1.32	-4.79	-0.92	-0.01
Asset Writedown	-10.07	-14.98	-0	-0.01	-18.36	-2.19
Other Unusual Items	15.86	5.21	7.88	11.6	10.28	9.3
Pretax Income	54.99	42.62	93.77	154.1	179.6	171.34
Income Tax Expense	20.34	22.77	25.28	30.53	38.5	36.81
Earnings From Continuing Operations	34.65	19.85	68.49	123.57	141.11	134.53
Minority Interest in Earnings	42.62	54.31	35.54	29.86	36.53	35.07
Net Income	77.27	74.17	104.04	153.42	177.64	169.6
Net Income to Common	77.27	74.17	104.04	153.42	177.64	169.6
Net Income Growth	27.62%	-28.71%	-32.19%	-13.63%	4.74%	164.33%
Shares Outstanding (Basic)	974	927	946	902	888	893
Shares Outstanding (Diluted)	974	927	946	902	888	893
Shares Change (YoY)	2.05%	-1.98%	4.80%	1.61%	-0.50%	-2.61%
EPS (Basic)	0.08	0.08	0.11	0.17	0.20	0.19
EPS (Diluted)	0.08	0.08	0.11	0.17	0.20	0.19
EPS Growth	25.05%	-27.27%	-35.29%	-15.00%	5.26%	171.43%
Free Cash Flow	142.32	195.32	52.97	46.13	-24.27	265.72
Free Cash Flow Per Share	0.15	0.21	0.06	0.05	-0.03	0.30
Dividend Per Share	0.025	0.025	0.035	0.030	0.030	0.080
Dividend Growth	-28.57%	-28.57%	16.67%	-	-62.50%	14.29%
Gross Margin	16.02%	15.70%	16.84%	19.32%	23.60%	26.23%
Operating Margin	3.16%	3.41%	5.48%	8.40%	11.56%	13.81%
Profit Margin	4.70%	4.34%	6.02%	8.14%	9.89%	11.70%
Free Cash Flow Margin	8.67%	11.42%	3.06%	2.45%	-1.35%	18.33%
EBITDA	209.23	214.47	249.28	298.66	342.2	330.37
EBITDA Margin	12.74%	12.54%	14.42%	15.85%	19.05%	22.79%
D&A For EBITDA	157.26	156.12	154.6	140.41	134.6	130.18
EBIT	51.97	58.35	94.67	158.25	207.6	200.19
EBIT Margin	3.16%	3.41%	5.48%	8.40%	11.56%	13.81%
Effective Tax Rate	36.99%	53.42%	26.96%	19.81%	21.44%	21.48%
Revenue as Reported	1,642	1,710	1,728	1,884	1,796	1,449
Advertising Expenses	-	-	-	-	0.12	0.2

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