SHE:002675 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	2,726	2,846	3,267	3,565	3,897	3,402
Other Revenue	23.35	23.35	8.24	18.34	15.02	16.85
Revenue	2,750	2,869	3,276	3,583	3,912	3,419
Revenue Growth (YoY)	-3.62%	-12.42%	-8.58%	-8.41%	14.42%	14.24%
Cost of Revenue	1,360	1,521	1,922	2,051	2,324	1,756
Gross Profit	1,390	1,348	1,354	1,532	1,588	1,663
Selling, General & Admin	765.05	724.93	754.41	785.29	802.41	889.04
Research & Development	300.36	291.91	197.22	163.52	137.56	109.39
Other Operating Expenses	35.53	31.76	33.87	29.19	33.34	30.95
Operating Expenses	1,113	1,065	980.31	980.56	974.77	1,038
Operating Income	276.73	282.61	373.77	551.72	612.99	625.11
Interest Expense	-122.43	-96.51	-56.76	-58.64	-56.45	-47.8
Interest & Investment Income	5.79	5.56	12.78	13.2	5.12	12.25
Currency Exchange Gain (Loss)	15.44	15.44	15.25	42.65	-4.08	-3.67
Other Non Operating Income (Expenses)	0.97	-2.79	-1.17	-5.94	-2.58	-3.69
EBT Excluding Unusual Items	176.51	204.31	343.86	542.97	555	582.2
Impairment of Goodwill	-52.6	-52.6	-	-80.1	-211.26	-
Gain (Loss) on Sale of Investments	-15.81	-12.92	-28.13	-39.21	-12.15	1.05
Gain (Loss) on Sale of Assets	0.33	0.21	-0.23	-0.38	-0.15	-1.29
Asset Writedown	-35.38	-33.21	-	-	-0.16	-0.32
Other Unusual Items	113.31	113.31	21.77	22.3	24.82	29.74
Pretax Income	186.35	219.1	337.28	445.58	356.1	611.37
Income Tax Expense	72.02	77.68	83.07	92.75	95.25	93.9
Earnings From Continuing Operations	114.32	141.43	254.22	352.83	260.85	517.47
Minority Interest in Earnings	51.75	42.4	-44.48	-45.54	-109.29	-99.71
Net Income	166.07	183.83	209.74	307.29	151.56	417.77
Net Income to Common	166.07	183.83	209.74	307.29	151.56	417.77
Net Income Growth	82.92%	-12.35%	-31.75%	102.75%	-63.72%	170.02%
Shares Outstanding (Basic)	825	825	825	808	802	802
Shares Outstanding (Diluted)	825	825	825	808	802	802
Shares Change (YoY)	0.04%	-0.01%	2.10%	0.68%	0.01%	0.02%
EPS (Basic)	0.20	0.22	0.25	0.38	0.19	0.52
EPS (Diluted)	0.20	0.22	0.25	0.38	0.19	0.52
EPS Growth	82.85%	-12.35%	-33.15%	101.38%	-63.73%	169.97%
Free Cash Flow	158.02	-168.94	-235	606.93	413.42	310.39
Free Cash Flow Per Share	0.19	-0.20	-0.28	0.75	0.52	0.39
Dividend Per Share	0.030	0.080	0.125	0.150	0.150	0.250
Dividend Growth	-82.86%	-36.00%	-16.67%	-	-40.00%	-
Gross Margin	50.54%	46.97%	41.34%	42.77%	40.59%	48.65%
Operating Margin	10.06%	9.85%	11.41%	15.40%	15.67%	18.28%
Profit Margin	6.04%	6.41%	6.40%	8.58%	3.87%	12.22%
Free Cash Flow Margin	5.75%	-5.89%	-7.17%	16.94%	10.57%	9.08%
EBITDA	435.93	432.69	511.69	672.09	727.92	727.85
EBITDA Margin	15.85%	15.08%	15.62%	18.76%	18.61%	21.29%
D&A For EBITDA	159.2	150.08	137.92	120.37	114.93	102.74
EBIT	276.73	282.61	373.77	551.72	612.99	625.11
EBIT Margin	10.06%	9.85%	11.41%	15.40%	15.67%	18.28%
Effective Tax Rate	38.65%	35.45%	24.63%	20.82%	26.75%	15.36%
Revenue as Reported	2,750	2,869	3,276	3,583	3,912	3,419
Advertising Expenses	-	0.5	1.06	0.83	0.29	0.15

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