SHE:002683 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	18,805	13,586	11,555	10,146	8,501	6,378
Other Revenue	65.63	65.63	53.31	22.37	25.39	16.59
Revenue	18,871	13,652	11,608	10,169	8,526	6,395
Revenue Growth (YoY)	45.17%	17.61%	14.15%	19.26%	33.33%	8.34%
Cost of Revenue	15,048	10,749	9,221	8,245	6,799	5,019
Gross Profit	3,823	2,903	2,387	1,924	1,727	1,375
Selling, General & Admin	1,261	951.42	729.55	643.92	591.73	361.97
Research & Development	507.57	429.01	375.4	294.51	258.52	264.08
Other Operating Expenses	119.04	56.2	40.55	22.21	19.95	10.73
Operating Expenses	2,000	1,510	1,267	956.67	878.28	748.82
Operating Income	1,823	1,392	1,120	967.2	849.05	626.54
Interest Expense	-165.1	-123.59	-125.57	-139.18	-140.76	-73.87
Interest & Investment Income	94.78	115.41	127.44	203.56	138.13	60.21
Currency Exchange Gain (Loss)	-5.31	-5.31	9.23	6.81	0.48	-2.64
Other Non Operating Income (Expenses)	29.21	-23.45	-17.97	-25.1	-17.52	-17.38
EBT Excluding Unusual Items	1,777	1,356	1,113	1,013	829.38	592.86
Impairment of Goodwill	-13.05	-13.05	-	-1.42	-	-
Gain (Loss) on Sale of Investments	7.83	12.76	-4.02	-	-	-
Gain (Loss) on Sale of Assets	2.96	-1.62	24.92	-6.3	-6.78	-11.88
Asset Writedown	-35.45	-14.5	-12.9	-42.38	-17.95	-10.16
Other Unusual Items	44.09	23.06	12.28	3.2	0.9	3.23
Pretax Income	1,783	1,362	1,133	966.38	805.55	574.05
Income Tax Expense	294.11	189.96	161.09	127.79	118.88	74.66
Earnings From Continuing Operations	1,489	1,172	971.86	838.59	686.67	499.38
Minority Interest in Earnings	-587.67	-274.42	-255.88	-277.81	-206.47	-95.62
Net Income	901.3	897.77	715.99	560.77	480.2	403.76
Net Income to Common	901.3	897.77	715.99	560.77	480.2	403.76
Net Income Growth	3.70%	25.39%	27.68%	16.78%	18.93%	31.61%
Shares Outstanding (Basic)	758	760	749	749	749	714
Shares Outstanding (Diluted)	758	760	749	749	749	714
Shares Change (YoY)	0.29%	1.38%	0.12%	-0.12%	4.93%	1.02%
EPS (Basic)	1.19	1.18	0.96	0.75	0.64	0.57
EPS (Diluted)	1.19	1.18	0.96	0.75	0.64	0.57
EPS Growth	3.40%	23.68%	27.53%	16.92%	13.34%	30.28%
Free Cash Flow	298.82	1,106	550.47	169.72	633.57	636.23
Free Cash Flow Per Share	0.39	1.46	0.73	0.23	0.84	0.89
Dividend Per Share	0.650	0.650	0.560	0.300	-	0.220
Dividend Growth	-14.47%	16.07%	86.67%	-	-	10.00%
Gross Margin	20.26%	21.26%	20.56%	18.92%	20.26%	21.51%
Operating Margin	9.66%	10.20%	9.64%	9.51%	9.96%	9.80%
Profit Margin	4.78%	6.58%	6.17%	5.51%	5.63%	6.31%
Free Cash Flow Margin	1.58%	8.11%	4.74%	1.67%	7.43%	9.95%
EBITDA	2,323	1,850	1,519	1,325	1,153	833.97
EBITDA Margin	12.31%	13.55%	13.09%	13.03%	13.52%	13.04%
D&A For EBITDA	500.31	457.19	399.69	358.23	303.55	207.43
EBIT	1,823	1,392	1,120	967.2	849.05	626.54
EBIT Margin	9.66%	10.20%	9.64%	9.51%	9.96%	9.80%
Effective Tax Rate	16.49%	13.95%	14.22%	13.22%	14.76%	13.01%
Revenue as Reported	18,871	13,652	11,608	10,169	8,526	6,395
Advertising Expenses	-	0.2	0.5	0.11	1.19	2.65

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