SHE:002709 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	14,325	12,345	15,256	22,138	11,011	4,076
Other Revenue	172.89	172.89	148.52	178.54	79.39	42.7
Revenue	14,498	12,518	15,405	22,317	11,091	4,119
Revenue Growth (YoY)	19.39%	-18.74%	-30.97%	101.22%	169.26%	49.53%
Cost of Revenue	11,947	10,283	11,610	13,894	7,230	2,722
Gross Profit	2,551	2,235	3,795	8,423	3,860	1,397
Selling, General & Admin	734.21	696.99	713.91	635.37	411.53	299.39
Research & Development	800.82	668.21	645.54	885.7	371.91	167.58
Other Operating Expenses	6.65	8.26	41.26	157.84	78.35	38.02
Operating Expenses	1,607	1,469	1,406	1,725	913.9	551.23
Operating Income	944.22	766.48	2,389	6,698	2,946	845.44
Interest Expense	-209.7	-215.56	-194.44	-77.35	-40.1	-44.02
Interest & Investment Income	40.79	72.2	83.65	178.38	15.12	1.85
Currency Exchange Gain (Loss)	8.68	8.68	0.96	20.3	-3.84	-12.2
Other Non Operating Income (Expenses)	-35.12	-31.32	-22.11	-5.63	-10.33	-20.06
EBT Excluding Unusual Items	748.87	600.48	2,257	6,814	2,907	771.01
Impairment of Goodwill	-14.32	-14.32	-	-	-37.04	-86.31
Gain (Loss) on Sale of Investments	76.56	69.64	1.07	-	-116.65	-5.92
Gain (Loss) on Sale of Assets	4.02	3.53	8.32	5.04	-11.6	-1.26
Asset Writedown	-145.12	-65.86	-29.26	-16.77	-93.67	-61.63
Legal Settlements	-	-	-	-2.26	-6.23	-0.59
Other Unusual Items	45.38	56.44	86.78	71.47	59.43	11.01
Pretax Income	715.4	649.91	2,324	6,872	2,702	626.32
Income Tax Expense	156.64	171.48	482.11	1,027	394.18	125.87
Earnings From Continuing Operations	558.76	478.43	1,842	5,844	2,307	500.45
Minority Interest in Earnings	7.48	5.5	48.4	-129.6	-99.03	32.42
Net Income	566.24	483.93	1,891	5,714	2,208	532.87
Net Income to Common	566.24	483.93	1,891	5,714	2,208	532.87
Net Income Growth	18.66%	-74.40%	-66.92%	158.77%	314.42%	3165.21%
Shares Outstanding (Basic)	1,960	1,936	1,910	1,911	1,871	1,837
Shares Outstanding (Diluted)	1,960	1,936	1,929	1,937	1,887	1,837
Shares Change (YoY)	2.58%	0.34%	-0.41%	2.63%	2.72%	-0.92%
EPS (Basic)	0.29	0.25	0.99	2.99	1.18	0.29
EPS (Diluted)	0.29	0.25	0.98	2.95	1.17	0.29
EPS Growth	15.68%	-74.49%	-66.78%	152.14%	303.45%	3195.45%
Free Cash Flow	4.26	110.03	-828.28	482.63	436.43	275.31
Free Cash Flow Per Share	0.00	0.06	-0.43	0.25	0.23	0.15
Dividend Per Share	0.150	0.100	0.300	0.600	0.250	0.059
Dividend Growth	-50.00%	-66.67%	-50.00%	140.00%	325.17%	300.00%
Gross Margin	17.60%	17.85%	24.64%	37.74%	34.81%	33.91%
Operating Margin	6.51%	6.12%	15.51%	30.01%	26.57%	20.52%
Profit Margin	3.91%	3.87%	12.27%	25.61%	19.91%	12.94%
Free Cash Flow Margin	0.03%	0.88%	-5.38%	2.16%	3.94%	6.68%
EBITDA	2,063	1,710	3,099	7,196	3,357	1,130
EBITDA Margin	14.23%	13.66%	20.12%	32.24%	30.27%	27.42%
D&A For EBITDA	1,119	943.7	709.95	497.3	410.44	284.09
EBIT	944.22	766.48	2,389	6,698	2,946	845.44
EBIT Margin	6.51%	6.12%	15.51%	30.01%	26.57%	20.52%
Effective Tax Rate	21.89%	26.38%	20.74%	14.95%	14.59%	20.10%
Revenue as Reported	14,498	12,518	15,405	22,317	11,091	4,119
Advertising Expenses	-	4.77	17.62	10.74	4.17	4.93

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