SHE:002790 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	2,006	2,353	2,181	1,957	1,863	1,279
Other Revenue	5.75	5.75	3.84	2.15	5.68	5.18
Revenue	2,012	2,358	2,184	1,960	1,868	1,284
Revenue Growth (YoY)	-14.32%	7.96%	11.47%	4.89%	45.48%	15.75%
Cost of Revenue	1,487	1,719	1,565	1,478	1,450	981.84
Gross Profit	525.24	638.89	619.15	481.46	417.79	302.35
Selling, General & Admin	338.17	376.63	317.59	217.16	194.07	119.82
Research & Development	106.12	107.93	91.15	82.93	71.52	53.56
Other Operating Expenses	14.26	1.17	8.07	14.04	10.46	-2.17
Operating Expenses	461.31	487.79	414.34	314.35	283.9	180.78
Operating Income	63.92	151.09	204.81	167.11	133.9	121.57
Interest Expense	-	-1.43	-1.17	-1.05	-1.72	-
Interest & Investment Income	33.61	27.1	22.59	7.93	19.52	22.85
Currency Exchange Gain (Loss)	12.21	12.21	10.13	43.88	-10.91	-26.43
Other Non Operating Income (Expenses)	-3.68	-0.77	-2.35	-2.24	-0.83	-0.64
EBT Excluding Unusual Items	106.06	188.2	234.01	215.63	139.95	117.35
Gain (Loss) on Sale of Investments	1.66	1.38	1.69	1.9	-4.24	4.49
Gain (Loss) on Sale of Assets	-4.96	-4.55	-0.85	1.74	1.06	3.55
Asset Writedown	2.42	-	-	-5.3	-4.22	-1.02
Legal Settlements	-	-	-	-	1.1	-
Other Unusual Items	20.24	12.89	11.08	17.74	16.13	-0.45
Pretax Income	125.42	197.91	245.93	231.72	149.79	123.92
Income Tax Expense	9.57	18.29	30.72	23.63	16.22	9.58
Earnings From Continuing Operations	115.85	179.63	215.21	208.09	133.56	114.34
Minority Interest in Earnings	0.44	1.43	3.37	2.91	5.8	0.29
Net Income	116.29	181.05	218.58	211	139.36	114.63
Net Income to Common	116.29	181.05	218.58	211	139.36	114.63
Net Income Growth	-31.22%	-17.17%	3.59%	51.41%	21.58%	-36.86%
Shares Outstanding (Basic)	421	421	412	414	410	410
Shares Outstanding (Diluted)	421	421	420	422	422	417
Shares Change (YoY)	0.12%	0.17%	-0.39%	-0.07%	1.29%	1.05%
EPS (Basic)	0.28	0.43	0.53	0.51	0.34	0.28
EPS (Diluted)	0.28	0.43	0.52	0.50	0.33	0.27
EPS Growth	-31.31%	-17.31%	4.00%	51.52%	22.22%	-38.64%
Free Cash Flow	174.52	191.31	296.25	248.21	-39.89	-9.45
Free Cash Flow Per Share	0.41	0.45	0.70	0.59	-0.09	-0.02
Dividend Per Share	0.200	0.240	0.250	0.200	0.150	0.150
Dividend Growth	-31.03%	-4.00%	25.00%	33.33%	-	-25.00%
Gross Margin	26.11%	27.09%	28.34%	24.57%	22.36%	23.54%
Operating Margin	3.18%	6.41%	9.38%	8.53%	7.17%	9.47%
Profit Margin	5.78%	7.68%	10.01%	10.77%	7.46%	8.93%
Free Cash Flow Margin	8.67%	8.11%	13.56%	12.67%	-2.14%	-0.74%
EBITDA	164.27	250.91	303.92	257.61	218.16	200.53
EBITDA Margin	8.16%	10.64%	13.91%	13.15%	11.68%	15.62%
D&A For EBITDA	100.35	99.82	99.12	90.5	84.26	78.97
EBIT	63.92	151.09	204.81	167.11	133.9	121.57
EBIT Margin	3.18%	6.41%	9.38%	8.53%	7.17%	9.47%
Effective Tax Rate	7.63%	9.24%	12.49%	10.20%	10.83%	7.73%
Revenue as Reported	2,012	2,358	2,184	1,960	1,868	1,284
Advertising Expenses	-	31.88	6.57	3.08	6.28	3.17

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