SHE:002580 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	2015 - 2019
Period Ending	Jun '25 Jun 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	2015 - 2019
Operating Revenue	3,236	2,962	2,752	2,646	2,010	1,701	Upgrade
Other Revenue	61.3	53.51	60.99	150.72	80.75	60.42	Upgrade
Revenue	3,297	3,015	2,813	2,796	2,091	1,761	Upgrade
Revenue Growth (YoY)	18.09%	7.17%	0.61%	33.76%	18.69%	-5.13%	Upgrade
Cost of Revenue	2,689	2,438	2,297	2,367	1,810	1,493	Upgrade
Gross Profit	608.48	577.37	516.58	429.59	280.14	268.62	Upgrade
Selling, General & Admin	173.02	169.3	173.42	145.92	116.68	92.83	Upgrade
Research & Development	97.34	97.31	91.02	87.32	66.98	67.5	Upgrade
Other Operating Expenses	121.97	116.69	100.62	90.22	79.29	68.15	Upgrade
Operating Expenses	418.12	402.92	367.51	339.3	265.3	226.96	Upgrade
Operating Income	190.36	174.44	149.07	90.29	14.84	41.66	Upgrade
Interest Expense	-12.02	-9.7	-7.32	-6.27	-7.14	-11.23	Upgrade
Interest & Investment Income	9.48	19.51	12.85	29.13	19.46	9.61	Upgrade
Currency Exchange Gain (Loss)	10.72	5.68	6.74	11.88	-9.53	-16.58	Upgrade
Other Non Operating Income (Expenses)	-2.41	-1.87	-1.11	3.86	-5.94	-0.81	Upgrade
EBT Excluding Unusual Items	196.13	188.07	160.23	128.89	11.68	22.64	Upgrade
Gain (Loss) on Sale of Investments	-2.05	-	-	-	-	-0.9	Upgrade
Gain (Loss) on Sale of Assets	-	-	0.11	-	0	0.63	Upgrade
Asset Writedown	-0.8	-0	-0.43	-	-3.19	-1.23	Upgrade
Legal Settlements	-	-	-	-	-	-4.55	Upgrade
Other Unusual Items	18.25	22.36	23.99	11.94	24.58	13.57	Upgrade
Pretax Income	211.53	210.42	183.9	140.83	33.07	30.16	Upgrade
Income Tax Expense	29.13	30.83	14.77	5.65	-1.14	1.17	Upgrade
Earnings From Continuing Operations	182.41	179.59	169.12	135.18	34.22	28.99	Upgrade
Minority Interest in Earnings	37.35	25.67	4.45	1.07	-0.26	-0.35	Upgrade
Net Income	219.76	205.26	173.58	136.25	33.95	28.65	Upgrade
Net Income to Common	219.76	205.26	173.58	136.25	33.95	28.65	Upgrade
Net Income Growth	24.39%	18.25%	27.40%	301.31%	18.52%	21.43%	Upgrade
Shares Outstanding (Basic)	449	456	457	454	485	358	Upgrade
Shares Outstanding (Diluted)	449	456	457	454	485	358	Upgrade
Shares Change (YoY)	-0.93%	-0.14%	0.58%	-6.36%	35.45%	6.25%	Upgrade
EPS (Basic)	0.49	0.45	0.38	0.30	0.07	0.08	Upgrade
EPS (Diluted)	0.49	0.45	0.38	0.30	0.07	0.08	Upgrade
EPS Growth	25.56%	18.42%	26.67%	328.57%	-12.50%	14.29%	Upgrade
Free Cash Flow	-14.42	66.92	-184.98	-137.75	-157.54	134.28	Upgrade
Free Cash Flow Per Share	-0.03	0.15	-0.41	-0.30	-0.33	0.38	Upgrade
Dividend Per Share	0.040	0.040	0.057	0.019	-	0.025	Upgrade
Dividend Growth	-29.83%	-29.83%	200.00%	-	-	-	Upgrade
Gross Margin	18.45%	19.15%	18.36%	15.36%	13.40%	15.25%	Upgrade
Operating Margin	5.77%	5.79%	5.30%	3.23%	0.71%	2.37%	Upgrade
Profit Margin	6.67%	6.81%	6.17%	4.87%	1.62%	1.63%	Upgrade
Free Cash Flow Margin	-0.44%	2.22%	-6.58%	-4.93%	-7.54%	7.62%	Upgrade
EBITDA	289.08	250.49	210.45	149.34	67.17	78.64	Upgrade
EBITDA Margin	8.77%	8.31%	7.48%	5.34%	3.21%	4.46%	Upgrade
D&A For EBITDA	98.71	76.05	61.37	59.05	52.33	36.98	Upgrade
EBIT	190.36	174.44	149.07	90.29	14.84	41.66	Upgrade
EBIT Margin	5.77%	5.79%	5.30%	3.23%	0.71%	2.37%	Upgrade
Effective Tax Rate	13.77%	14.65%	8.03%	4.01%	-	3.87%	Upgrade
Revenue as Reported	3,297	3,015	2,813	2,796	2,091	1,761	Upgrade
Advertising Expenses	-	4.82	4.65	1.04	1.97	2.64	Upgrade

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