SHE:002949 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	1,236	1,154	1,499	1,822	2,873	1,890
Other Revenue	12.5	12.5	7.36	3.99	3.82	4.05
Revenue	1,249	1,167	1,507	1,825	2,876	1,894
Revenue Growth (YoY)	-1.31%	-22.55%	-17.46%	-36.54%	51.87%	58.55%
Cost of Revenue	884.44	757.37	1,021	1,292	2,276	1,395
Gross Profit	364.53	409.57	485.55	533.15	600.64	498.81
Selling, General & Admin	133.85	140.81	161.8	208.17	213.79	164.34
Research & Development	38.79	44.84	68.12	79.98	97.34	72.89
Other Operating Expenses	9.9	9.58	6.39	12.51	15.09	12.22
Operating Expenses	227.74	226.29	296.2	385.47	448.54	281.19
Operating Income	136.79	183.28	189.35	147.68	152.1	217.63
Interest Expense	-29.29	-16.59	-8.37	-9.85	-12.46	-4.59
Interest & Investment Income	3.29	9.58	14.5	19.97	19.28	13.13
Currency Exchange Gain (Loss)	-0.71	-0.71	-0.91	0.41	0.13	0.12
Other Non Operating Income (Expenses)	0.95	-0.82	0.65	-3.44	-1.94	-1.3
EBT Excluding Unusual Items	111.03	174.73	195.22	154.77	157.1	224.99
Impairment of Goodwill	-	-	-	-10.08	-	-7.01
Gain (Loss) on Sale of Investments	1.84	0.63	0.91	4.15	1.83	2.19
Gain (Loss) on Sale of Assets	-0.11	0.58	5.64	1.46	0.41	2.62
Asset Writedown	4.78	-7.07	-1	-1.02	-0.14	-
Legal Settlements	-	-	-	-8.98	-	-
Other Unusual Items	0.37	0.37	13.94	19.98	-12.15	-3.06
Pretax Income	117.91	169.25	214.71	160.29	147.06	219.73
Income Tax Expense	19.15	24.84	25.4	15.75	16.5	28.53
Earnings From Continuing Operations	98.76	144.4	189.31	144.54	130.55	191.2
Minority Interest in Earnings	-14.73	-19.1	-27.98	-32.36	-25.2	-17.92
Net Income	84.03	125.3	161.33	112.18	105.35	173.27
Net Income to Common	84.03	125.3	161.33	112.18	105.35	173.27
Net Income Growth	-37.43%	-22.33%	43.82%	6.48%	-39.20%	27.24%
Shares Outstanding (Basic)	196	196	196	196	196	196
Shares Outstanding (Diluted)	196	199	208	205	205	212
Shares Change (YoY)	-3.18%	-4.10%	1.32%	0.13%	-3.35%	12.90%
EPS (Basic)	0.43	0.64	0.82	0.57	0.54	0.88
EPS (Diluted)	0.43	0.63	0.78	0.55	0.51	0.82
EPS Growth	-35.38%	-19.01%	41.95%	6.34%	-37.09%	12.71%
Free Cash Flow	93.38	48.73	216.86	109.69	91.88	21.24
Free Cash Flow Per Share	0.48	0.24	1.04	0.53	0.45	0.10
Dividend Per Share	0.350	0.350	0.800	0.300	0.300	0.400
Dividend Growth	-56.25%	-56.25%	166.67%	-	-25.00%	100.00%
Gross Margin	29.19%	35.10%	32.23%	29.21%	20.88%	26.33%
Operating Margin	10.95%	15.71%	12.57%	8.09%	5.29%	11.49%
Profit Margin	6.73%	10.74%	10.71%	6.14%	3.66%	9.15%
Free Cash Flow Margin	7.48%	4.18%	14.39%	6.01%	3.19%	1.12%
EBITDA	170.52	216.08	220.92	179.3	190.33	250.42
EBITDA Margin	13.65%	18.52%	14.66%	9.82%	6.62%	13.22%
D&A For EBITDA	33.73	32.8	31.57	31.62	38.23	32.79
EBIT	136.79	183.28	189.35	147.68	152.1	217.63
EBIT Margin	10.95%	15.71%	12.57%	8.09%	5.29%	11.49%
Effective Tax Rate	16.24%	14.68%	11.83%	9.83%	11.22%	12.99%
Revenue as Reported	1,249	1,167	1,507	1,825	2,876	1,894
Advertising Expenses	-	2.2	3.82	1.43	4.97	3.86

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