SHE:002756 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	7,337	8,021	12,125	15,515	7,119	4,917
Other Revenue	52.97	52.97	64.22	63.67	80.31	56.46
Revenue	7,390	8,074	12,189	15,579	7,199	4,973
Revenue Growth (YoY)	-15.21%	-33.76%	-21.76%	116.39%	44.76%	1.30%
Cost of Revenue	6,181	6,610	7,682	7,428	5,957	4,392
Gross Profit	1,209	1,464	4,507	8,151	1,243	580.97
Selling, General & Admin	177.55	168.91	151.89	129.52	127.16	94.72
Research & Development	319.69	334.19	437.12	514.94	223.07	160.7
Other Operating Expenses	233.24	12.29	72.11	162.53	52.24	35.94
Operating Expenses	729.91	519.02	662.63	726.13	407.69	326.2
Operating Income	479.36	944.89	3,844	7,425	835.01	254.78
Interest Expense	-4.45	-12.51	-3.55	-1.94	-8.09	-20.76
Interest & Investment Income	129.92	226.85	258.74	141.73	73.62	29.54
Currency Exchange Gain (Loss)	2.61	2.61	2.46	5.49	-2.35	-2.95
Other Non Operating Income (Expenses)	12.78	-0.74	-0.43	-0.6	-0.93	-14.58
EBT Excluding Unusual Items	620.22	1,161	4,101	7,569	897.26	246.02
Impairment of Goodwill	-23.81	-23.81	-	-	-	-29.42
Gain (Loss) on Sale of Investments	26.55	26.58	-42.27	-0.39	-0.9	-8.53
Gain (Loss) on Sale of Assets	-81.92	-84.31	-3.57	-0.38	2.83	2.66
Asset Writedown	-5.07	-0.38	-58.23	-2.38	-0.09	-1.8
Other Unusual Items	236.85	203.83	209.71	97.59	111.06	112.17
Pretax Income	772.8	1,283	4,207	7,664	1,010	321.11
Income Tax Expense	157.15	221.27	672.11	1,164	110.13	63.68
Earnings From Continuing Operations	615.66	1,062	3,535	6,499	900.03	257.43
Minority Interest in Earnings	-11.52	-18.27	-127.99	-179.61	-12.95	0.56
Net Income	604.14	1,043	3,407	6,320	887.08	258
Net Income to Common	604.14	1,043	3,407	6,320	887.08	258
Net Income Growth	-54.41%	-69.37%	-46.09%	612.42%	243.83%	-24.91%
Shares Outstanding (Basic)	522	530	538	527	519	466
Shares Outstanding (Diluted)	522	530	538	530	527	472
Shares Change (YoY)	-3.11%	-1.58%	1.60%	0.60%	11.48%	0.47%
EPS (Basic)	1.16	1.97	6.33	11.99	1.71	0.55
EPS (Diluted)	1.16	1.97	6.33	11.93	1.68	0.55
EPS Growth	-52.95%	-68.88%	-46.94%	608.18%	208.42%	-25.26%
Free Cash Flow	680.42	523.61	3,575	6,184	475.25	417.31
Free Cash Flow Per Share	1.30	0.99	6.64	11.67	0.90	0.88
Dividend Per Share	0.800	1.000	3.000	3.846	0.385	0.238
Dividend Growth	-68.00%	-66.67%	-22.00%	900.05%	61.26%	-32.01%
Gross Margin	16.36%	18.13%	36.97%	52.32%	17.26%	11.68%
Operating Margin	6.49%	11.70%	31.54%	47.66%	11.60%	5.12%
Profit Margin	8.18%	12.92%	27.95%	40.57%	12.32%	5.19%
Free Cash Flow Margin	9.21%	6.49%	29.33%	39.70%	6.60%	8.39%
EBITDA	771.58	1,231	4,122	7,633	999.97	390.4
EBITDA Margin	10.44%	15.25%	33.82%	48.99%	13.89%	7.85%
D&A For EBITDA	292.22	286.22	278.21	208.18	164.96	135.62
EBIT	479.36	944.89	3,844	7,425	835.01	254.78
EBIT Margin	6.49%	11.70%	31.54%	47.66%	11.60%	5.12%
Effective Tax Rate	20.34%	17.25%	15.98%	15.19%	10.90%	19.83%
Revenue as Reported	7,390	8,074	12,189	15,579	7,199	4,973
Advertising Expenses	-	9.76	10.62	7.19	1.92	1.96

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