SHE:002632 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	1,476	1,401	1,306	1,264	1,267	1,245
Other Revenue	39.98	39.98	16.32	22.49	16.49	21.84
Revenue	1,516	1,441	1,323	1,287	1,284	1,266
Revenue Growth (YoY)	9.81%	8.96%	2.81%	0.22%	1.37%	-9.00%
Cost of Revenue	1,035	997.27	910.63	913.26	815.55	792.22
Gross Profit	480.4	443.95	412.08	373.34	468.24	474.24
Selling, General & Admin	144.61	150.3	170.96	159.52	163.66	149.95
Research & Development	60.92	63.87	68.25	63.37	70.76	52.39
Other Operating Expenses	27.15	12.02	15.27	14.7	12.44	15.27
Operating Expenses	265.12	234.31	254.68	248.08	255.12	220.35
Operating Income	215.29	209.63	157.4	125.26	213.12	253.89
Interest Expense	-5.93	-5.83	-3.52	-0.37	-0.9	-10.01
Interest & Investment Income	14.06	13.06	14.42	239.4	6.97	11.58
Currency Exchange Gain (Loss)	-29.82	-29.82	4.86	33.41	-16.94	-33.68
Other Non Operating Income (Expenses)	22.21	-2.27	-1.14	-1.16	-0.78	-0.78
EBT Excluding Unusual Items	215.81	184.78	172.01	396.54	201.47	221
Impairment of Goodwill	-	-	-	-	-128.4	-39.95
Gain (Loss) on Sale of Investments	5.7	3.33	-	-2.54	0.04	-0.14
Gain (Loss) on Sale of Assets	0.01	0.01	-1	0.01	-0.14	0.58
Asset Writedown	-5.93	-7.57	-1.91	-1.58	-11.35	-1.21
Other Unusual Items	22.79	20.92	24.65	10.74	19.2	18.53
Pretax Income	238.38	201.48	193.75	403.17	80.83	198.81
Income Tax Expense	34.4	32.58	37.55	89.3	25.74	37.4
Earnings From Continuing Operations	203.98	168.9	156.2	313.87	55.09	161.41
Minority Interest in Earnings	1.52	1.04	0.51	0.06	-0.15	7.79
Net Income	205.49	169.94	156.71	313.94	54.94	169.2
Net Income to Common	205.49	169.94	156.71	313.94	54.94	169.2
Net Income Growth	23.14%	8.44%	-50.08%	471.38%	-67.53%	-14.65%
Shares Outstanding (Basic)	629	629	627	628	610	627
Shares Outstanding (Diluted)	629	629	627	628	610	627
Shares Change (YoY)	0.39%	0.41%	-0.17%	2.85%	-2.58%	1.15%
EPS (Basic)	0.33	0.27	0.25	0.50	0.09	0.27
EPS (Diluted)	0.33	0.27	0.25	0.50	0.09	0.27
EPS Growth	22.67%	8.00%	-50.00%	455.56%	-66.67%	-15.63%
Free Cash Flow	452.75	231.3	185.19	25.07	384.49	644.19
Free Cash Flow Per Share	0.72	0.37	0.29	0.04	0.63	1.03
Dividend Per Share	0.130	0.260	0.300	0.450	0.050	0.130
Dividend Growth	-69.77%	-13.33%	-33.33%	800.00%	-61.54%	333.33%
Gross Margin	31.70%	30.80%	31.15%	29.02%	36.47%	37.45%
Operating Margin	14.20%	14.55%	11.90%	9.74%	16.60%	20.05%
Profit Margin	13.56%	11.79%	11.85%	24.40%	4.28%	13.36%
Free Cash Flow Margin	29.87%	16.05%	14.00%	1.95%	29.95%	50.87%
EBITDA	330.39	330.14	285.12	253.89	323.24	341.24
EBITDA Margin	21.80%	22.91%	21.55%	19.73%	25.18%	26.95%
D&A For EBITDA	115.1	120.51	127.72	128.64	110.12	87.36
EBIT	215.29	209.63	157.4	125.26	213.12	253.89
EBIT Margin	14.20%	14.55%	11.90%	9.74%	16.60%	20.05%
Effective Tax Rate	14.43%	16.17%	19.38%	22.15%	31.85%	18.81%
Revenue as Reported	1,516	1,441	1,323	1,287	1,284	1,266
Advertising Expenses	-	2.77	5.95	3.82	13.57	14.7

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