SHE:002950 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	2017 - 2019
Period Ending	Jun '25 Jun 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	2017 - 2019
Operating Revenue	3,386	3,293	2,707	4,195	2,888	3,796	Upgrade
Other Revenue	35.2	33.12	49.4	15.78	37.44	38.58	Upgrade
Revenue	3,421	3,326	2,757	4,211	2,926	3,834	Upgrade
Revenue Growth (YoY)	17.50%	20.66%	-34.53%	43.92%	-23.70%	63.00%	Upgrade
Cost of Revenue	2,471	2,398	2,099	2,812	2,053	2,224	Upgrade
Gross Profit	950.46	928.04	657.93	1,399	872.17	1,610	Upgrade
Selling, General & Admin	375.89	374.65	386.38	446.53	367.52	286.51	Upgrade
Research & Development	126.39	106.37	77.37	107.74	94.58	118.13	Upgrade
Other Operating Expenses	36.47	10.49	13.82	26.47	19.13	4.81	Upgrade
Operating Expenses	538.73	494.41	478.51	582.45	484.52	410.9	Upgrade
Operating Income	411.72	433.64	179.42	816.21	387.65	1,200	Upgrade
Interest Expense	-18.61	-25.53	-31.87	-35.47	-17.18	-17.66	Upgrade
Interest & Investment Income	7.51	7.16	1.87	3.09	39.97	50.58	Upgrade
Currency Exchange Gain (Loss)	23.03	17.15	-8.57	-140.63	33.41	23.62	Upgrade
Other Non Operating Income (Expenses)	0.05	-1.27	-2	-6.3	-6.34	-0.92	Upgrade
EBT Excluding Unusual Items	423.7	431.15	138.85	636.9	437.51	1,255	Upgrade
Gain (Loss) on Sale of Investments	-17.53	-23.28	-6.88	-160.19	6.13	0.48	Upgrade
Gain (Loss) on Sale of Assets	29.37	28.79	-0.07	3.5	1.94	26.34	Upgrade
Asset Writedown	-9.18	-9.14	0.5	-16.8	-0.12	-0.08	Upgrade
Other Unusual Items	44.84	26.87	36.65	21.49	59.79	56.54	Upgrade
Pretax Income	470.27	454.39	169.04	484.9	505.49	1,339	Upgrade
Income Tax Expense	85.37	85.59	64.83	80.26	73.53	178.2	Upgrade
Earnings From Continuing Operations	384.89	368.8	104.22	404.64	431.96	1,160	Upgrade
Minority Interest in Earnings	-3.37	-0.12	6.18	2.15	-0.75	-2.94	Upgrade
Net Income	381.52	368.68	110.4	406.79	431.21	1,158	Upgrade
Net Income to Common	381.52	368.68	110.4	406.79	431.21	1,158	Upgrade
Net Income Growth	171.82%	233.95%	-72.86%	-5.66%	-62.75%	255.27%	Upgrade
Shares Outstanding (Basic)	627	625	633	633	632	633	Upgrade
Shares Outstanding (Diluted)	627	625	633	633	632	633	Upgrade
Shares Change (YoY)	-0.76%	-1.33%	0.02%	0.17%	-0.05%	2.81%	Upgrade
EPS (Basic)	0.61	0.59	0.17	0.64	0.68	1.83	Upgrade
EPS (Diluted)	0.61	0.59	0.17	0.64	0.68	1.83	Upgrade
EPS Growth	173.90%	238.44%	-72.87%	-5.82%	-62.73%	245.58%	Upgrade
Free Cash Flow	587.4	554.64	137.02	751.68	84.16	1,193	Upgrade
Free Cash Flow Per Share	0.94	0.89	0.22	1.19	0.13	1.89	Upgrade
Dividend Per Share	0.060	0.060	0.027	0.060	0.210	0.880	Upgrade
Dividend Growth	122.22%	122.22%	-55.00%	-71.43%	-76.14%	120.00%	Upgrade
Gross Margin	27.78%	27.90%	23.87%	33.22%	29.81%	42.00%	Upgrade
Operating Margin	12.04%	13.04%	6.51%	19.38%	13.25%	31.28%	Upgrade
Profit Margin	11.15%	11.08%	4.00%	9.66%	14.74%	30.19%	Upgrade
Free Cash Flow Margin	17.17%	16.68%	4.97%	17.85%	2.88%	31.12%	Upgrade
EBITDA	644.2	661.52	403.43	1,008	532.77	1,342	Upgrade
EBITDA Margin	18.83%	19.89%	14.64%	23.95%	18.21%	34.99%	Upgrade
D&A For EBITDA	232.47	227.88	224	192.2	145.12	142.22	Upgrade
EBIT	411.72	433.64	179.42	816.21	387.65	1,200	Upgrade
EBIT Margin	12.04%	13.04%	6.51%	19.38%	13.25%	31.28%	Upgrade
Effective Tax Rate	18.15%	18.84%	38.35%	16.55%	14.55%	13.31%	Upgrade
Revenue as Reported	3,421	3,326	2,757	4,211	2,926	3,834	Upgrade
Advertising Expenses	-	17.97	15.98	-	27.1	8.91	Upgrade

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