SHE:002686 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,647	1,578	1,559	1,860	1,864	1,439
Other Revenue	40.66	40.66	40.86	48.28	42.67	45.31
Revenue	1,687	1,619	1,600	1,908	1,906	1,484
Revenue Growth (YoY)	7.76%	1.16%	-16.15%	0.09%	28.45%	0.20%
Cost of Revenue	1,377	1,268	1,245	1,507	1,544	1,141
Gross Profit	310.32	350.99	355.1	401.11	362.47	342.69
Selling, General & Admin	184.86	203.17	206.09	220.65	210.41	185.05
Research & Development	97.8	86.02	84.61	96.55	100.6	81.23
Other Operating Expenses	0.44	7.26	7.16	12.86	5.62	10.74
Operating Expenses	295.84	307.37	304.63	346.64	317.19	278.24
Operating Income	14.48	43.62	50.46	54.48	45.28	64.45
Interest Expense	-12.46	-14.42	-17.17	-23.07	-33.07	-55.13
Interest & Investment Income	8.7	5.91	6.46	5.82	47.01	4.79
Currency Exchange Gain (Loss)	2.84	2.84	0.85	1.94	-1.12	-2.7
Other Non Operating Income (Expenses)	-7.33	-4.18	0.42	-0.21	-4.66	9.94
EBT Excluding Unusual Items	6.23	33.78	41.02	38.95	53.45	21.35
Impairment of Goodwill	-28.99	-28.99	-20.52	-7.19	-21.37	-1.27
Gain (Loss) on Sale of Investments	0.98	0.29	-0.7	-1.8	0.25	-
Gain (Loss) on Sale of Assets	13.24	0.56	0.85	0.67	0.67	0.17
Asset Writedown	-0.88	-2.78	-2.09	-0.31	-3.83	-11.83
Other Unusual Items	5.92	5.92	12.48	10.95	11.5	25
Pretax Income	-3.5	8.78	31.05	41.3	41.1	33.41
Income Tax Expense	-20.38	-15.69	7.68	-2.69	10.73	2.56
Earnings From Continuing Operations	16.89	24.46	23.36	43.99	30.37	30.85
Minority Interest in Earnings	-4.66	-1.77	-2.76	-5.8	12.73	-5.74
Net Income	12.23	22.7	20.61	38.19	43.1	25.1
Net Income to Common	12.23	22.7	20.61	38.19	43.1	25.1
Net Income Growth	-3.11%	10.14%	-46.04%	-11.39%	71.67%	-
Shares Outstanding (Basic)	566	566	566	567	566	436
Shares Outstanding (Diluted)	566	566	566	567	566	436
Shares Change (YoY)	-0.01%	-0.02%	-0.08%	0.04%	29.93%	-0.68%
EPS (Basic)	0.02	0.04	0.04	0.07	0.08	0.06
EPS (Diluted)	0.02	0.04	0.04	0.07	0.08	0.06
EPS Growth	-3.10%	10.17%	-45.99%	-11.43%	32.12%	-
Free Cash Flow	202.98	217.77	54.42	49.78	-61.02	48.26
Free Cash Flow Per Share	0.36	0.39	0.10	0.09	-0.11	0.11
Dividend Per Share	0.010	0.010	0.020	0.020	0.020	-
Dividend Growth	-50.00%	-50.00%	-	-	-	-
Gross Margin	18.39%	21.69%	22.19%	21.02%	19.01%	23.09%
Operating Margin	0.86%	2.70%	3.15%	2.85%	2.38%	4.34%
Profit Margin	0.72%	1.40%	1.29%	2.00%	2.26%	1.69%
Free Cash Flow Margin	12.03%	13.46%	3.40%	2.61%	-3.20%	3.25%
EBITDA	102.35	128.8	132.04	135.12	163.39	162.92
EBITDA Margin	6.07%	7.96%	8.25%	7.08%	8.57%	10.98%
D&A For EBITDA	87.87	85.17	81.58	80.64	118.11	98.46
EBIT	14.48	43.62	50.46	54.48	45.28	64.45
EBIT Margin	0.86%	2.70%	3.15%	2.85%	2.38%	4.34%
Effective Tax Rate	-	-	24.75%	-	26.11%	7.67%
Revenue as Reported	1,687	1,619	1,600	1,908	1,906	1,484
Advertising Expenses	-	2.06	1.75	0.43	1.29	0.54

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