SHE:002556 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	15,232	15,519	17,720	18,151	18,962	16,043
Other Revenue	133.1	133.1	112.25	98.76	119.42	59.18
Revenue	15,365	15,652	17,833	18,249	19,081	16,102
Revenue Growth (YoY)	-8.59%	-12.23%	-2.28%	-4.36%	18.50%	-13.55%
Cost of Revenue	14,533	14,796	17,043	16,971	17,646	15,223
Gross Profit	832.5	856.55	790.1	1,278	1,435	879.41
Selling, General & Admin	597.56	578.45	561.67	560.78	690.49	472.94
Research & Development	121.36	130.68	118.39	137.32	115.18	86.08
Other Operating Expenses	4.17	-4.38	5.92	27.12	32.15	19.19
Operating Expenses	724.16	743.21	713.63	728.19	846.98	615.58
Operating Income	108.34	113.33	76.47	549.78	588.33	263.83
Interest Expense	-89.79	-100.56	-97.43	-81.27	-89.27	-110.75
Interest & Investment Income	98.07	137.99	144.55	116.69	94.48	112.28
Currency Exchange Gain (Loss)	2.67	2.67	6.41	-2.63	-4.49	-4.19
Other Non Operating Income (Expenses)	7.5	-4.14	-4.56	-3.27	-4.03	-5.31
EBT Excluding Unusual Items	126.79	149.29	125.43	579.31	585.02	255.87
Impairment of Goodwill	-3.61	-3.61	-35.29	-25.53	-	-6.15
Gain (Loss) on Sale of Investments	3.76	2.51	-0.04	-0.72	-21.36	3.2
Gain (Loss) on Sale of Assets	3.86	5.14	2.75	15.55	4.77	9.72
Asset Writedown	24.22	-0.82	-0.05	-10.15	-4.62	-7.65
Other Unusual Items	54.12	54.12	27.11	59.34	44.46	7.76
Pretax Income	209.15	206.63	119.91	617.8	608.27	262.75
Income Tax Expense	50.73	40.46	38.56	118.91	60.83	77.92
Earnings From Continuing Operations	158.41	166.17	81.35	498.88	547.44	184.83
Minority Interest in Earnings	-8.15	2.75	-4.82	11.58	-41.44	39.83
Net Income	150.27	168.92	76.54	510.47	506.01	224.67
Net Income to Common	150.27	168.92	76.54	510.47	506.01	224.67
Net Income Growth	17.62%	120.71%	-85.01%	0.88%	125.23%	16.14%
Shares Outstanding (Basic)	938	938	957	963	937	864
Shares Outstanding (Diluted)	938	938	957	963	973	936
Shares Change (YoY)	-2.12%	-1.91%	-0.67%	-1.02%	3.95%	11.30%
EPS (Basic)	0.16	0.18	0.08	0.53	0.54	0.26
EPS (Diluted)	0.16	0.18	0.08	0.53	0.52	0.24
EPS Growth	20.17%	125.00%	-84.91%	1.92%	116.67%	4.35%
Free Cash Flow	829.21	-415.59	-929.82	968.79	-116.45	127.51
Free Cash Flow Per Share	0.88	-0.44	-0.97	1.01	-0.12	0.14
Dividend Per Share	0.250	0.200	0.200	0.300	0.400	0.100
Dividend Growth	25.00%	-	-33.33%	-25.00%	300.00%	-
Gross Margin	5.42%	5.47%	4.43%	7.00%	7.52%	5.46%
Operating Margin	0.70%	0.72%	0.43%	3.01%	3.08%	1.64%
Profit Margin	0.98%	1.08%	0.43%	2.80%	2.65%	1.40%
Free Cash Flow Margin	5.40%	-2.66%	-5.21%	5.31%	-0.61%	0.79%
EBITDA	407.26	398.76	343.91	780.81	770.87	410.36
EBITDA Margin	2.65%	2.55%	1.93%	4.28%	4.04%	2.55%
D&A For EBITDA	298.92	285.43	267.44	231.03	182.54	146.53
EBIT	108.34	113.33	76.47	549.78	588.33	263.83
EBIT Margin	0.70%	0.72%	0.43%	3.01%	3.08%	1.64%
Effective Tax Rate	24.26%	19.58%	32.16%	19.25%	10.00%	29.65%
Revenue as Reported	15,365	15,652	17,833	18,249	19,081	16,102
Advertising Expenses	-	10.56	9.76	12.54	10.28	6.77

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