SHE:002831 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	17,149	16,806	14,897	16,007	14,668	11,540
Other Revenue	350.54	350.54	326.11	355.51	275.35	249.39
Revenue	17,500	17,157	15,223	16,362	14,944	11,789
Revenue Growth (YoY)	4.95%	12.71%	-6.96%	9.49%	26.76%	19.75%
Cost of Revenue	13,218	12,940	11,261	12,505	11,757	8,651
Gross Profit	4,281	4,217	3,962	3,857	3,187	3,138
Selling, General & Admin	1,612	1,594	1,387	1,294	1,188	1,087
Research & Development	753.67	743.95	695.88	671.28	588.88	496.84
Other Operating Expenses	57.33	41.16	38.58	69.96	68.18	57.71
Operating Expenses	2,441	2,392	2,117	2,051	1,899	1,704
Operating Income	1,840	1,825	1,845	1,805	1,288	1,434
Interest Expense	-113.81	-130.93	-175.45	-176.04	-167.68	-170.74
Interest & Investment Income	156.58	80.87	91.33	54.54	162.85	75.14
Currency Exchange Gain (Loss)	87.01	87.01	59.6	152.37	-63.16	-118.66
Other Non Operating Income (Expenses)	-74.38	-5.14	-1.92	-5.49	-8.48	-0.47
EBT Excluding Unusual Items	1,896	1,856	1,818	1,831	1,211	1,219
Impairment of Goodwill	-21.85	-21.85	-14.93	-	-	-
Gain (Loss) on Sale of Investments	-66.8	-111.76	-72.02	-25.59	-30.34	57.17
Gain (Loss) on Sale of Assets	-79.44	-50.59	-10.85	-9.05	-5.77	8.86
Asset Writedown	0.01	-	-	-43.14	-5.27	-18.79
Other Unusual Items	51.45	63.91	48.57	52.73	47.14	66.09
Pretax Income	1,779	1,736	1,769	1,806	1,217	1,333
Income Tax Expense	309.11	285.07	274.74	228.53	137.84	185.16
Earnings From Continuing Operations	1,470	1,451	1,494	1,577	1,079	1,147
Minority Interest in Earnings	5.42	-42.48	-56.37	-89.26	-56.14	-27.29
Net Income	1,475	1,409	1,438	1,488	1,023	1,120
Net Income to Common	1,475	1,409	1,438	1,488	1,023	1,120
Net Income Growth	-5.83%	-2.05%	-3.35%	45.46%	-8.68%	7.20%
Shares Outstanding (Basic)	911	915	916	924	936	871
Shares Outstanding (Diluted)	911	915	916	924	936	883
Shares Change (YoY)	0.10%	-0.14%	-0.88%	-1.25%	6.02%	0.93%
EPS (Basic)	1.62	1.54	1.57	1.61	1.09	1.29
EPS (Diluted)	1.62	1.54	1.57	1.61	1.09	1.27
EPS Growth	-5.93%	-1.91%	-2.48%	47.30%	-13.87%	6.21%
Free Cash Flow	1,591	1,002	2,504	1,019	-680.78	-706.23
Free Cash Flow Per Share	1.75	1.09	2.73	1.10	-0.73	-0.80
Dividend Per Share	1.030	0.930	0.947	0.326	0.220	0.280
Dividend Growth	8.37%	-1.79%	190.55%	48.18%	-21.43%	-
Gross Margin	24.46%	24.58%	26.03%	23.57%	21.33%	26.62%
Operating Margin	10.52%	10.63%	12.12%	11.03%	8.62%	12.16%
Profit Margin	8.43%	8.21%	9.45%	9.09%	6.84%	9.50%
Free Cash Flow Margin	9.09%	5.84%	16.45%	6.22%	-4.56%	-5.99%
EBITDA	2,443	2,424	2,441	2,350	1,785	1,870
EBITDA Margin	13.96%	14.13%	16.04%	14.36%	11.94%	15.86%
D&A For EBITDA	602.43	599.8	596.29	544.31	497.32	435.73
EBIT	1,840	1,825	1,845	1,805	1,288	1,434
EBIT Margin	10.52%	10.63%	12.12%	11.03%	8.62%	12.16%
Effective Tax Rate	17.38%	16.42%	15.53%	12.66%	11.33%	13.89%
Revenue as Reported	17,500	17,157	15,223	16,362	14,944	11,789
Advertising Expenses	-	5.1	4.35	3.94	3.78	6.59

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