SHE:002568 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	2,897	3,014	3,200	2,537	2,559	1,911
Other Revenue	34.55	34.55	63.41	56.44	35.53	16.12
Revenue	2,931	3,048	3,264	2,593	2,594	1,927
Revenue Growth (YoY)	-8.20%	-6.61%	25.85%	-0.04%	34.66%	31.20%
Cost of Revenue	886.45	925.28	1,088	940.07	897.65	665.28
Gross Profit	2,045	2,123	2,176	1,653	1,697	1,261
Selling, General & Admin	908.44	953.97	901.46	798.29	703.24	529.2
Research & Development	99.05	99.54	105.07	85.43	72.6	62.93
Other Operating Expenses	205.39	177.18	176.28	162.05	145.28	100.14
Operating Expenses	1,210	1,232	1,185	1,045	922.5	692.1
Operating Income	834.83	890.85	991.01	608.21	774.21	569.26
Interest Expense	-67.34	-65.94	-62.05	-44	-11.04	-2.32
Interest & Investment Income	46.19	44.27	60.32	41.67	32.13	11.42
Currency Exchange Gain (Loss)	-0.15	-0.15	0.03	1.83	-0.23	-0.93
Other Non Operating Income (Expenses)	-2.7	-2.31	-1.06	-1.49	-0.77	-0.85
EBT Excluding Unusual Items	810.82	866.71	988.25	606.22	794.29	576.58
Gain (Loss) on Sale of Assets	-0.41	0.05	0.4	-0.16	0.01	-0.03
Asset Writedown	-0.89	-0.89	-0.13	-0.59	-0.19	-0.26
Other Unusual Items	100.03	57.55	39.12	45.56	48.36	98.51
Pretax Income	909.55	923.43	1,028	651.04	842.47	674.8
Income Tax Expense	215.35	207.1	220.95	130.19	177.99	139.32
Earnings From Continuing Operations	694.2	716.33	806.7	520.84	664.47	535.49
Minority Interest in Earnings	-0.04	2.81	2.72	0.44	1.59	0.02
Net Income	694.16	719.14	809.42	521.28	666.06	535.51
Net Income to Common	694.16	719.14	809.42	521.28	666.06	535.51
Net Income Growth	-3.38%	-11.15%	55.27%	-21.74%	24.38%	78.31%
Shares Outstanding (Basic)	1,034	1,039	1,038	1,043	1,049	1,021
Shares Outstanding (Diluted)	1,034	1,039	1,038	1,043	1,049	1,021
Shares Change (YoY)	-0.74%	0.16%	-0.46%	-0.61%	2.75%	0.58%
EPS (Basic)	0.67	0.69	0.78	0.50	0.63	0.52
EPS (Diluted)	0.67	0.69	0.78	0.50	0.63	0.52
EPS Growth	-2.67%	-11.29%	56.00%	-20.64%	20.83%	76.21%
Free Cash Flow	422.72	-163.06	-549.15	279.69	436.01	338.19
Free Cash Flow Per Share	0.41	-0.16	-0.53	0.27	0.42	0.33
Dividend Per Share	0.300	0.300	0.500	-	0.357	0.474
Dividend Growth	-	-40.00%	-	-	-24.66%	132.24%
Gross Margin	69.76%	69.64%	66.68%	63.75%	65.40%	65.47%
Operating Margin	28.48%	29.23%	30.36%	23.45%	29.84%	29.55%
Profit Margin	23.68%	23.59%	24.80%	20.10%	25.67%	27.79%
Free Cash Flow Margin	14.42%	-5.35%	-16.83%	10.79%	16.81%	17.55%
EBITDA	1,056	1,094	1,170	762.8	876.41	660.97
EBITDA Margin	36.03%	35.89%	35.84%	29.41%	33.78%	34.31%
D&A For EBITDA	221.32	203.13	178.87	154.58	102.21	91.71
EBIT	834.83	890.85	991.01	608.21	774.21	569.26
EBIT Margin	28.48%	29.23%	30.36%	23.45%	29.84%	29.55%
Effective Tax Rate	23.68%	22.43%	21.50%	20.00%	21.13%	20.64%
Revenue as Reported	2,931	3,048	3,264	2,593	2,594	1,927
Advertising Expenses	-	255.59	190.29	175.85	149.88	112.8

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