SHE:002957 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	2,432	2,428	2,840	3,231	2,149	2,002
Other Revenue	19.58	19.58	17.71	14.82	12.36	12.83
Revenue	2,451	2,448	2,857	3,246	2,161	2,014
Revenue Growth (YoY)	-7.02%	-14.34%	-11.98%	50.20%	7.29%	7.61%
Cost of Revenue	1,738	1,665	1,989	2,119	1,477	1,255
Gross Profit	713.47	782.84	868.41	1,128	683.96	759.65
Selling, General & Admin	276.03	279.52	299.87	284.21	239.97	195.59
Research & Development	283.18	290.88	370.03	401.83	371.02	230.02
Other Operating Expenses	-14.94	-16.67	-6.32	6.85	-2.48	4.49
Operating Expenses	556.96	586.4	699.92	757.52	628	442.93
Operating Income	156.51	196.44	168.49	370.14	55.96	316.72
Interest Expense	-14.81	-18.94	-18.62	-15.1	-9.7	-3.06
Interest & Investment Income	101.61	21.01	56.22	23.34	50.47	47.69
Currency Exchange Gain (Loss)	12.25	12.25	3.55	37.58	-10.76	-35.99
Other Non Operating Income (Expenses)	-0.48	-0.32	-4.02	-4.11	-2.9	-1.55
EBT Excluding Unusual Items	255.07	210.43	205.62	411.86	83.06	323.81
Gain (Loss) on Sale of Investments	-0.81	-3.14	7.78	-5.14	3.81	10.83
Gain (Loss) on Sale of Assets	-0.19	-0.24	0.83	0.96	0.21	-0.05
Asset Writedown	17.39	-0.43	-0.35	-0.16	-0.33	-0.04
Legal Settlements	0.16	0.16	3.44	-0.09	-	-
Other Unusual Items	-3.43	-3.43	36.12	24.45	17.27	31.4
Pretax Income	268.19	203.35	253.45	431.87	104.01	365.95
Income Tax Expense	12.82	20.5	27.82	48.1	9.35	18.74
Earnings From Continuing Operations	255.38	182.85	225.63	383.77	94.66	347.21
Minority Interest in Earnings	-33.94	-43.48	-52.04	-70.72	-59.62	-54.05
Net Income	221.43	139.38	173.59	313.05	35.04	293.16
Net Income to Common	221.43	139.38	173.59	313.05	35.04	293.16
Net Income Growth	33.96%	-19.71%	-44.55%	793.38%	-88.05%	12.02%
Shares Outstanding (Basic)	425	410	411	411	389	407
Shares Outstanding (Diluted)	425	410	411	411	389	407
Shares Change (YoY)	5.91%	-0.23%	0.07%	5.57%	-4.38%	5.80%
EPS (Basic)	0.52	0.34	0.42	0.76	0.09	0.72
EPS (Diluted)	0.52	0.34	0.42	0.76	0.09	0.72
EPS Growth	26.48%	-19.53%	-44.59%	746.22%	-87.50%	5.88%
Free Cash Flow	408.54	113.2	123	-243.32	-139.96	129.59
Free Cash Flow Per Share	0.96	0.28	0.30	-0.59	-0.36	0.32
Dividend Per Share	0.170	0.170	0.172	0.240	0.034	0.230
Dividend Growth	-1.16%	-1.16%	-28.33%	605.88%	-85.22%	15.00%
Gross Margin	29.10%	31.98%	30.39%	34.74%	31.65%	37.71%
Operating Margin	6.38%	8.03%	5.90%	11.40%	2.59%	15.72%
Profit Margin	9.03%	5.69%	6.08%	9.64%	1.62%	14.55%
Free Cash Flow Margin	16.66%	4.63%	4.30%	-7.50%	-6.48%	6.43%
EBITDA	222.4	257.51	223.12	416.87	96.07	354.8
EBITDA Margin	9.07%	10.52%	7.81%	12.84%	4.45%	17.61%
D&A For EBITDA	65.89	61.07	54.64	46.73	40.11	38.08
EBIT	156.51	196.44	168.49	370.14	55.96	316.72
EBIT Margin	6.38%	8.03%	5.90%	11.40%	2.59%	15.72%
Effective Tax Rate	4.78%	10.08%	10.98%	11.14%	8.99%	5.12%
Revenue as Reported	2,451	2,448	2,857	3,246	2,161	2,014
Advertising Expenses	-	3.56	6.32	-	-	-

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