SHE:002761 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	81,054	79,420	91,252	97,534	94,278	78,733
Other Revenue	1,223	1,223	1,354	1,001	1,057	816.54
Revenue	82,277	80,643	92,606	98,535	95,335	79,550
Revenue Growth (YoY)	3.36%	-12.92%	-6.02%	3.36%	19.84%	5.16%
Cost of Revenue	78,150	76,763	88,269	93,488	90,391	75,158
Gross Profit	4,127	3,880	4,337	5,048	4,944	4,392
Selling, General & Admin	1,765	1,797	1,937	1,828	1,717	1,565
Research & Development	876.65	774.38	747.98	526.61	336.04	253.89
Other Operating Expenses	217.64	254.84	233.81	248.12	247.45	240.44
Operating Expenses	4,051	3,649	3,931	4,040	3,740	2,371
Operating Income	75.15	231.2	405.87	1,008	1,204	2,021
Interest Expense	-700.06	-910.24	-952.01	-1,037	-1,041	-794.42
Interest & Investment Income	1,147	1,330	1,314	1,239	1,184	176.25
Currency Exchange Gain (Loss)	7.11	7.11	7.66	-12.78	-7.69	-7.35
Other Non Operating Income (Expenses)	-53.25	-103.3	-26.08	27.1	-35.39	-38.69
EBT Excluding Unusual Items	476.13	554.71	749.42	1,224	1,303	1,357
Impairment of Goodwill	-10.31	-10.31	-	-11.11	-11.72	-12.86
Gain (Loss) on Sale of Investments	11.04	-	-19.93	-45.69	-	-
Gain (Loss) on Sale of Assets	93.04	110.75	28.19	384.39	59.55	25.59
Asset Writedown	109.78	8.38	8.47	11.34	-48.18	-1.86
Legal Settlements	-8.59	-8.59	-2.49	-3.85	-0.99	-1.87
Other Unusual Items	-39.07	-39.07	100.56	73.71	321.9	136.03
Pretax Income	632.02	615.87	864.23	1,634	1,624	1,502
Income Tax Expense	261.17	258.22	261.4	424.79	356	348.23
Earnings From Continuing Operations	370.86	357.65	602.82	1,209	1,268	1,154
Minority Interest in Earnings	-165.69	-164.04	-211.11	-241.49	-221.6	-78.67
Net Income	205.17	193.6	391.71	967.39	1,046	1,075
Net Income to Common	205.17	193.6	391.71	967.39	1,046	1,075
Net Income Growth	-	-50.57%	-59.51%	-7.55%	-2.67%	28.73%
Shares Outstanding (Basic)	1,082	1,613	1,451	1,138	1,137	1,132
Shares Outstanding (Diluted)	1,082	1,613	1,451	1,138	1,137	1,132
Shares Change (YoY)	0.04%	11.21%	27.47%	0.06%	0.51%	15.18%
EPS (Basic)	0.19	0.12	0.27	0.85	0.92	0.95
EPS (Diluted)	0.19	0.12	0.27	0.85	0.92	0.95
EPS Growth	-	-55.56%	-68.23%	-7.61%	-3.16%	11.77%
Free Cash Flow	2,772	1,972	1,478	2,730	-1,137	-500.56
Free Cash Flow Per Share	2.56	1.22	1.02	2.40	-1.00	-0.44
Dividend Per Share	0.050	0.050	0.050	0.200	0.200	0.200
Dividend Growth	-	-	-75.00%	-	-	-
Gross Margin	5.01%	4.81%	4.68%	5.12%	5.19%	5.52%
Operating Margin	0.09%	0.29%	0.44%	1.02%	1.26%	2.54%
Profit Margin	0.25%	0.24%	0.42%	0.98%	1.10%	1.35%
Free Cash Flow Margin	3.37%	2.44%	1.60%	2.77%	-1.19%	-0.63%
EBITDA	358.77	536.33	739.71	1,290	1,527	2,314
EBITDA Margin	0.44%	0.66%	0.80%	1.31%	1.60%	2.91%
D&A For EBITDA	283.61	305.14	333.83	282.41	323.71	293.2
EBIT	75.15	231.2	405.87	1,008	1,204	2,021
EBIT Margin	0.09%	0.29%	0.44%	1.02%	1.26%	2.54%
Effective Tax Rate	41.32%	41.93%	30.25%	26.00%	21.92%	23.18%
Revenue as Reported	82,277	80,643	92,606	98,535	95,335	79,550
Advertising Expenses	-	0.63	0.42	0.27	0.23	0.19

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