SHE:002705 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Operating Revenue	16,110	16,516	14,328	13,459	14,620	12,932
Other Revenue	304.98	304.98	318.82	237.68	292.72	259.31
Revenue	16,415	16,821	14,647	13,696	14,912	13,191
Revenue Growth (YoY)	-1.00%	14.85%	6.94%	-8.15%	13.05%	44.57%
Cost of Revenue	13,011	13,320	11,315	10,801	12,293	10,137
Gross Profit	3,404	3,501	3,331	2,895	2,619	3,054
Selling, General & Admin	1,399	1,437	1,440	1,264	1,219	1,135
Research & Development	643.42	662.75	554.69	479.46	442.04	393.77
Other Operating Expenses	97.95	119.65	97.11	99.4	79.16	82.65
Operating Expenses	2,127	2,225	2,086	1,860	1,737	1,635
Operating Income	1,277	1,275	1,245	1,035	881.82	1,419
Interest Expense	-82.28	-91.63	-88.29	-54.51	-19.02	-15.71
Interest & Investment Income	54.97	64.55	108.91	78.04	210.41	68.85
Currency Exchange Gain (Loss)	134.62	134.62	85.54	245	-63.59	-235.27
Other Non Operating Income (Expenses)	-64.11	-24.11	-20.96	-13.19	-18.82	-21.43
EBT Excluding Unusual Items	1,320	1,359	1,331	1,290	990.79	1,215
Gain (Loss) on Sale of Investments	-17.91	-71.26	-78.82	-69.63	-82.48	123.26
Gain (Loss) on Sale of Assets	1.22	-0.99	10.63	1.5	8.76	0.03
Asset Writedown	-3.62	-5.68	-6.6	-23.21	-4.87	-15.06
Other Unusual Items	46.97	46.97	51.41	58.03	74.16	50.55
Pretax Income	1,347	1,328	1,307	1,257	986.36	1,374
Income Tax Expense	187.01	212.48	260.67	226.65	160.98	218.56
Earnings From Continuing Operations	1,160	1,115	1,047	1,030	825.38	1,156
Minority Interest in Earnings	-51.05	-62.65	-69.48	-68.52	-32.92	-37.19
Net Income	1,109	1,053	977.14	961.39	792.45	1,118
Net Income to Common	1,109	1,053	977.14	961.39	792.45	1,118
Net Income Growth	8.06%	7.75%	1.64%	21.32%	-29.15%	62.73%
Shares Outstanding (Basic)	808	816	823	819	824	801
Shares Outstanding (Diluted)	808	816	823	819	824	801
Shares Change (YoY)	-1.25%	-0.83%	0.52%	-0.71%	2.86%	-0.01%
EPS (Basic)	1.37	1.29	1.19	1.17	0.96	1.40
EPS (Diluted)	1.37	1.29	1.19	1.17	0.96	1.40
EPS Growth	9.43%	8.65%	1.11%	22.18%	-31.12%	62.75%
Free Cash Flow	723.86	317.59	-75.71	385.23	-231.95	1,585
Free Cash Flow Per Share	0.90	0.39	-0.09	0.47	-0.28	1.98
Dividend Per Share	0.600	0.450	0.400	0.400	0.200	0.600
Dividend Growth	50.00%	12.50%	-	100.00%	-66.67%	50.00%
Gross Margin	20.74%	20.81%	22.75%	21.14%	17.56%	23.15%
Operating Margin	7.78%	7.58%	8.50%	7.55%	5.91%	10.76%
Profit Margin	6.75%	6.26%	6.67%	7.02%	5.31%	8.48%
Free Cash Flow Margin	4.41%	1.89%	-0.52%	2.81%	-1.55%	12.01%
EBITDA	1,924	1,897	1,834	1,491	1,280	1,774
EBITDA Margin	11.72%	11.28%	12.52%	10.89%	8.59%	13.45%
D&A For EBITDA	646.91	621.88	588.5	456.46	398.6	354.67
EBIT	1,277	1,275	1,245	1,035	881.82	1,419
EBIT Margin	7.78%	7.58%	8.50%	7.55%	5.91%	10.76%
Effective Tax Rate	13.88%	16.00%	19.94%	18.04%	16.32%	15.90%
Revenue as Reported	16,415	16,821	14,647	13,696	14,912	13,191
Advertising Expenses	-	201.5	209.31	145.95	140.8	118.06

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