SHE:002841 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	22,980	22,045	19,812	20,725	21,049	16,894
Other Revenue	355.94	355.94	360.22	264.94	176.31	234.92
Revenue	23,335	22,401	20,173	20,990	21,226	17,129
Revenue Growth (YoY)	6.35%	11.05%	-3.90%	-1.11%	23.91%	0.45%
Cost of Revenue	18,694	17,745	15,236	15,357	16,132	12,733
Gross Profit	4,642	4,656	4,937	5,633	5,093	4,396
Selling, General & Admin	2,299	2,381	2,535	2,377	2,348	1,697
Research & Development	1,615	1,540	1,422	1,281	1,163	881.42
Other Operating Expenses	60.49	-14.66	-112.21	94.16	70.3	10.07
Operating Expenses	3,981	3,910	3,842	3,761	3,578	2,588
Operating Income	660.32	746.47	1,095	1,872	1,516	1,808
Interest Expense	-73.52	-89.02	-76.22	-71.28	-65.09	-73.94
Interest & Investment Income	387.58	390.09	509.49	452.83	317.82	269.29
Currency Exchange Gain (Loss)	-37.88	-37.88	-38.92	-37.92	5.84	68.06
Other Non Operating Income (Expenses)	27.37	-7.53	-36.29	-17.98	6.4	14.78
EBT Excluding Unusual Items	963.87	1,002	1,453	2,197	1,781	2,086
Impairment of Goodwill	-	-	-	-4.76	-	-
Gain (Loss) on Sale of Investments	5.48	9.49	36.04	35.9	13.52	-24.57
Gain (Loss) on Sale of Assets	-0.23	0.1	0.89	17.05	15.49	12.9
Asset Writedown	-0.15	-3	-2.71	-1.1	-7.53	-1.47
Other Unusual Items	59.7	38	1.38	81.18	55.77	-
Pretax Income	1,029	1,047	1,489	2,326	1,858	2,073
Income Tax Expense	-5.77	10.57	88.89	204.96	154.27	161.08
Earnings From Continuing Operations	1,034	1,036	1,400	2,121	1,703	1,912
Minority Interest in Earnings	-126.87	-65.19	-29.73	-48.38	-4.51	-10.3
Net Income	907.57	970.96	1,370	2,072	1,699	1,902
Preferred Dividends & Other Adjustments	-	-	-	-	-	1.37
Net Income to Common	907.57	970.96	1,370	2,072	1,699	1,900
Net Income Growth	-26.76%	-29.13%	-33.89%	21.98%	-10.65%	18.04%
Shares Outstanding (Basic)	686	691	696	679	651	653
Shares Outstanding (Diluted)	687	692	696	679	651	653
Shares Change (YoY)	-0.82%	-0.56%	2.43%	4.38%	-0.25%	0.70%
EPS (Basic)	1.32	1.41	1.97	3.05	2.61	2.91
EPS (Diluted)	1.32	1.40	1.97	3.05	2.61	2.91
EPS Growth	-26.32%	-28.87%	-35.46%	16.86%	-10.37%	17.13%
Free Cash Flow	785.08	244.74	-615.6	1,400	2,016	1,529
Free Cash Flow Per Share	1.14	0.35	-0.88	2.06	3.10	2.34
Dividend Per Share	0.680	0.680	0.850	1.050	0.900	1.000
Dividend Growth	-20.00%	-20.00%	-19.05%	16.67%	-10.00%	33.33%
Gross Margin	19.89%	20.79%	24.47%	26.84%	24.00%	25.66%
Operating Margin	2.83%	3.33%	5.43%	8.92%	7.14%	10.55%
Profit Margin	3.89%	4.33%	6.79%	9.87%	8.00%	11.09%
Free Cash Flow Margin	3.36%	1.09%	-3.05%	6.67%	9.50%	8.92%
EBITDA	990.71	1,028	1,312	2,049	1,684	1,939
EBITDA Margin	4.25%	4.59%	6.50%	9.76%	7.94%	11.32%
D&A For EBITDA	330.39	281.69	216.75	176.69	168.78	131.5
EBIT	660.32	746.47	1,095	1,872	1,516	1,808
EBIT Margin	2.83%	3.33%	5.43%	8.92%	7.14%	10.55%
Effective Tax Rate	-	1.01%	5.97%	8.81%	8.30%	7.77%
Revenue as Reported	23,335	22,401	20,173	20,990	21,226	17,129
Advertising Expenses	-	166.06	273.63	253.28	197.11	127.89

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