SHE:002930 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,230	1,441	1,528	1,238	1,067	843.97
Other Revenue	8.65	8.65	18.94	25.04	21.12	4.35
Revenue	1,238	1,450	1,547	1,263	1,088	848.32
Revenue Growth (YoY)	-15.98%	-6.26%	22.48%	16.10%	28.25%	74.57%
Cost of Revenue	745.56	733.64	658.51	556.01	380.54	305.55
Gross Profit	492.93	716.5	888.56	707.14	707.42	542.77
Selling, General & Admin	187.67	189.95	181.52	175.98	140.3	115.22
Research & Development	48.51	51.61	51.87	23.8	15.37	3.67
Other Operating Expenses	15.14	13.37	3.34	5.74	4.46	5.66
Operating Expenses	254.11	260.61	238.33	206.14	167.18	126.05
Operating Income	238.82	455.89	650.23	501	540.24	416.72
Interest Expense	-218.01	-243.72	-267.17	-231.73	-143.89	-123.39
Interest & Investment Income	8.51	21.18	26.57	39.72	6.37	5.48
Currency Exchange Gain (Loss)	-0.02	-0.02	3.83	0.22	-0.04	0.06
Other Non Operating Income (Expenses)	-21.66	-3.18	-4.44	-19.53	-3.64	-9.44
EBT Excluding Unusual Items	7.65	230.16	409.01	289.69	399.04	289.43
Impairment of Goodwill	-26.26	-26.26	-	-	-	-
Gain (Loss) on Sale of Investments	2.08	2.75	2.51	0.79	3.09	3.37
Gain (Loss) on Sale of Assets	0.19	0.69	-2.1	0.02	-0.08	-0.22
Asset Writedown	-2.49	-1.67	-1.23	-1.98	-0.27	-0.21
Other Unusual Items	36.68	33.56	6.65	3.29	2.67	-1.94
Pretax Income	17.85	239.23	414.84	291.81	404.46	290.42
Income Tax Expense	29.98	48.28	74.11	48.27	103	40.45
Earnings From Continuing Operations	-12.13	190.95	340.73	243.53	301.46	249.97
Minority Interest in Earnings	-38.93	-32.62	-44.4	-19.08	-29.93	-22.24
Net Income	-51.06	158.33	296.33	224.45	271.54	227.73
Net Income to Common	-51.06	158.33	296.33	224.45	271.54	227.73
Net Income Growth	-	-46.57%	32.02%	-17.34%	19.23%	56.19%
Shares Outstanding (Basic)	476	466	456	449	445	447
Shares Outstanding (Diluted)	476	466	456	449	476	455
Shares Change (YoY)	2.90%	2.15%	1.56%	-5.77%	4.59%	3.33%
EPS (Basic)	-0.11	0.34	0.65	0.50	0.61	0.51
EPS (Diluted)	-0.11	0.34	0.65	0.50	0.57	0.50
EPS Growth	-	-47.69%	30.00%	-12.28%	14.00%	51.15%
Free Cash Flow	298.45	429.63	759.12	479.51	131.57	102.3
Free Cash Flow Per Share	0.63	0.92	1.67	1.07	0.28	0.23
Dividend Per Share	0.200	0.300	0.250	0.300	0.300	0.300
Dividend Growth	-42.86%	20.00%	-16.67%	-	-	29.98%
Gross Margin	39.80%	49.41%	57.44%	55.98%	65.02%	63.98%
Operating Margin	19.28%	31.44%	42.03%	39.66%	49.66%	49.12%
Profit Margin	-4.12%	10.92%	19.15%	17.77%	24.96%	26.85%
Free Cash Flow Margin	24.10%	29.63%	49.07%	37.96%	12.09%	12.06%
EBITDA	718.02	906.22	1,062	833.53	780.52	610.54
EBITDA Margin	57.98%	62.49%	68.65%	65.99%	71.74%	71.97%
D&A For EBITDA	479.2	450.33	411.84	332.53	240.29	193.82
EBIT	238.82	455.89	650.23	501	540.24	416.72
EBIT Margin	19.28%	31.44%	42.03%	39.66%	49.66%	49.12%
Effective Tax Rate	167.97%	20.18%	17.87%	16.54%	25.46%	13.93%
Revenue as Reported	1,238	1,450	1,547	1,263	1,088	848.32
Advertising Expenses	-	0.01	0.07	0.02	0	0

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