SHE:002920 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	29,712	26,350	21,222	14,364	9,299	6,625
Other Revenue	1,268	1,268	685.62	568.83	270.65	174.44
Revenue	30,980	27,618	21,908	14,933	9,569	6,799
Revenue Growth (YoY)	17.29%	26.06%	46.71%	56.05%	40.75%	27.39%
Cost of Revenue	25,215	22,421	17,753	11,588	7,249	5,249
Gross Profit	5,765	5,197	4,155	3,345	2,321	1,550
Selling, General & Admin	934.34	771.49	694.24	622.28	499.08	399.02
Research & Development	2,607	2,256	1,982	1,613	977.43	701.13
Other Operating Expenses	-314.29	-298.38	-270.43	-121.24	-88.89	-66.3
Operating Expenses	3,316	2,950	2,647	2,212	1,423	1,091
Operating Income	2,449	2,247	1,508	1,133	897.5	459.49
Interest Expense	-29.87	-33.13	-35.61	-21.32	-6.67	-0.36
Interest & Investment Income	96	13.58	14.02	7.76	6.95	5.28
Currency Exchange Gain (Loss)	-133.09	-133.09	-21.79	-29.33	8.94	26.67
Other Non Operating Income (Expenses)	39.56	-4.7	-1.8	-4.62	-1.05	-1.6
EBT Excluding Unusual Items	2,422	2,090	1,463	1,086	905.67	489.49
Impairment of Goodwill	-	-	-	-19.85	-22.52	-
Gain (Loss) on Sale of Investments	120.52	-37.82	21.16	31.56	-48.17	23.27
Gain (Loss) on Sale of Assets	2.95	1.01	-1.49	0.09	0.26	0
Asset Writedown	-73.87	-3.06	-1.56	-16.05	-4.14	-1.97
Other Unusual Items	49.43	49.43	57.51	76.08	29.62	22.98
Pretax Income	2,521	2,100	1,538	1,157	860.72	533.77
Income Tax Expense	115.4	81.59	-3.39	-14.73	28.88	15.57
Earnings From Continuing Operations	2,405	2,018	1,542	1,172	831.84	518.19
Minority Interest in Earnings	-19.61	-13.2	5.16	12.48	1.08	-0.04
Net Income	2,386	2,005	1,547	1,185	832.92	518.15
Net Income to Common	2,386	2,005	1,547	1,185	832.92	518.15
Net Income Growth	19.70%	29.62%	30.57%	42.22%	60.75%	77.36%
Shares Outstanding (Basic)	554	552	550	551	552	551
Shares Outstanding (Diluted)	555	554	552	556	552	551
Shares Change (YoY)	0.83%	0.26%	-0.67%	0.82%	0.07%	0.00%
EPS (Basic)	4.31	3.63	2.81	2.15	1.51	0.94
EPS (Diluted)	4.30	3.62	2.80	2.13	1.51	0.94
EPS Growth	18.71%	29.29%	31.45%	41.06%	60.64%	77.36%
Free Cash Flow	1,306	15.65	31.44	-689.36	167.42	7.52
Free Cash Flow Per Share	2.35	0.03	0.06	-1.24	0.30	0.01
Dividend Per Share	1.200	1.200	0.840	0.550	0.450	0.300
Dividend Growth	42.86%	42.86%	52.73%	22.22%	50.00%	50.00%
Gross Margin	18.61%	18.82%	18.96%	22.40%	24.25%	22.80%
Operating Margin	7.91%	8.14%	6.88%	7.59%	9.38%	6.76%
Profit Margin	7.70%	7.26%	7.06%	7.93%	8.70%	7.62%
Free Cash Flow Margin	4.22%	0.06%	0.14%	-4.62%	1.75%	0.11%
EBITDA	2,809	2,647	1,960	1,459	1,140	643.55
EBITDA Margin	9.07%	9.59%	8.95%	9.77%	11.92%	9.46%
D&A For EBITDA	360.29	399.82	452.51	326.39	242.85	184.06
EBIT	2,449	2,247	1,508	1,133	897.5	459.49
EBIT Margin	7.91%	8.14%	6.88%	7.59%	9.38%	6.76%
Effective Tax Rate	4.58%	3.89%	-	-	3.36%	2.92%
Revenue as Reported	30,980	27,618	21,908	14,933	9,569	6,799
Advertising Expenses	-	9.97	13.64	6.47	10.15	6.37

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