SHE:002668 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	Jan '21 Jan 1, 2021
Operating Revenue	18,614	18,214	15,015	11,484	10,094	8,326
Other Revenue	146.89	146.89	164.8	179.18	28.46	19.54
Revenue	18,761	18,361	15,180	11,663	10,122	8,345
Revenue Growth (YoY)	5.50%	20.96%	30.15%	15.22%	21.29%	12.89%
Cost of Revenue	14,299	14,209	11,700	9,406	8,025	6,464
Gross Profit	4,462	4,152	3,479	2,257	2,097	1,882
Selling, General & Admin	1,346	1,351	1,207	908	849.21	750.77
Research & Development	666.64	642.66	542.05	470.96	357.14	303.56
Other Operating Expenses	66.79	73.34	37.56	36.57	50.24	-3.28
Operating Expenses	2,135	2,160	1,807	1,416	1,670	1,817
Operating Income	2,328	1,992	1,673	841.47	427.48	64.69
Interest Expense	-31.92	-48.4	-62.31	-107.4	-90.84	-153.54
Interest & Investment Income	96.43	145.2	76.17	224.27	372.33	234.75
Currency Exchange Gain (Loss)	140.66	140.66	103.18	117.08	-179.23	-110.65
Other Non Operating Income (Expenses)	25.82	-20.1	-16.35	-21.69	-44.31	-444.78
EBT Excluding Unusual Items	2,559	2,210	1,773	1,054	485.42	-409.53
Gain (Loss) on Sale of Investments	17.7	12.02	-10.02	2.88	1.57	5.86
Gain (Loss) on Sale of Assets	-0.79	0.19	0.02	2.48	0.39	1.48
Asset Writedown	-18.46	-5.85	-6.94	-1.39	-23.89	-49.81
Legal Settlements	-	-	-	-	-2.8	-
Other Unusual Items	22.72	22.39	21.74	27.08	46.17	13.85
Pretax Income	2,580	2,239	1,778	1,085	506.85	-437.88
Income Tax Expense	396.2	298.08	240.56	125.79	121.89	110.1
Earnings From Continuing Operations	2,184	1,941	1,538	959.13	384.96	-547.99
Minority Interest in Earnings	-1,012	-921.4	-751.13	-494.7	-464.87	-439.47
Net Income	1,172	1,019	786.59	464.43	-79.91	-987.46
Net Income to Common	1,172	1,019	786.59	464.43	-79.91	-987.46
Net Income Growth	20.18%	29.58%	69.37%	-	-	-
Shares Outstanding (Basic)	1,085	1,084	1,078	1,080	1,142	1,085
Shares Outstanding (Diluted)	1,085	1,084	1,078	1,080	1,142	1,085
Shares Change (YoY)	0.54%	0.63%	-0.24%	-5.38%	5.20%	1.82%
EPS (Basic)	1.08	0.94	0.73	0.43	-0.07	-0.91
EPS (Diluted)	1.08	0.94	0.73	0.43	-0.07	-0.91
EPS Growth	19.54%	28.77%	69.77%	-	-	-
Free Cash Flow	2,200	1,549	2,311	35.69	719.1	1,213
Free Cash Flow Per Share	2.03	1.43	2.15	0.03	0.63	1.12
Gross Margin	23.79%	22.61%	22.92%	19.35%	20.72%	22.55%
Operating Margin	12.41%	10.85%	11.02%	7.22%	4.22%	0.78%
Profit Margin	6.25%	5.55%	5.18%	3.98%	-0.79%	-11.83%
Free Cash Flow Margin	11.73%	8.43%	15.23%	0.31%	7.10%	14.54%
EBITDA	2,650	2,287	1,931	1,174	559.6	277.28
EBITDA Margin	14.12%	12.46%	12.72%	10.07%	5.53%	3.32%
D&A For EBITDA	321.94	294.91	258.87	333	132.12	212.59
EBIT	2,328	1,992	1,673	841.47	427.48	64.69
EBIT Margin	12.41%	10.85%	11.02%	7.22%	4.22%	0.78%
Effective Tax Rate	15.36%	13.31%	13.53%	11.59%	24.05%	-
Revenue as Reported	18,761	18,361	15,180	11,663	10,122	-
Advertising Expenses	-	113.61	112.98	97.24	20.41	17.1

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