SHE:003031 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 - 2020
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 - 2020
Operating Revenue	2,763	2,578	2,590	2,412	977.63	787.38	Upgrade
Other Revenue	61.09	70.92	85.45	99.86	36.13	28.78	Upgrade
Revenue	2,824	2,648	2,676	2,512	1,014	816.16	Upgrade
Revenue Growth (YoY)	6.78%	-1.01%	6.52%	147.78%	24.21%	38.23%	Upgrade
Cost of Revenue	1,753	1,685	1,723	1,582	721.89	572.93	Upgrade
Gross Profit	1,071	963.38	952.44	929.63	291.87	243.23	Upgrade
Selling, General & Admin	111.98	117.81	113.39	108.94	43.49	32.37	Upgrade
Research & Development	306.26	289.92	281.24	305.3	141.06	108.59	Upgrade
Other Operating Expenses	5.9	-17.48	-26.66	-26.18	2.88	1.57	Upgrade
Operating Expenses	429.22	399.18	380.21	397.59	189.39	144.1	Upgrade
Operating Income	642.05	564.2	572.24	532.04	102.47	99.13	Upgrade
Interest Expense	-1.57	-4.1	-5.65	-5.94	-	-0.27	Upgrade
Interest & Investment Income	58.65	57.63	22.93	13.08	8.56	0.18	Upgrade
Currency Exchange Gain (Loss)	2.1	0.61	8.99	16.53	-1.92	-5.07	Upgrade
Other Non Operating Income (Expenses)	-0.41	-0.57	-0.04	2.12	-0.12	0.12	Upgrade
EBT Excluding Unusual Items	700.82	617.77	598.47	557.84	108.99	94.08	Upgrade
Gain (Loss) on Sale of Investments	-1.79	10.88	0.03	0.12	0.25	-	Upgrade
Gain (Loss) on Sale of Assets	0.08	0.08	-0.05	-	-	-	Upgrade
Asset Writedown	-	-	-	-	-	-0.05	Upgrade
Legal Settlements	-	-	-	-	-0.06	-0.05	Upgrade
Other Unusual Items	48.35	36.73	15.35	0.39	12.84	7.67	Upgrade
Pretax Income	747.47	665.46	613.8	558.35	122.02	101.66	Upgrade
Income Tax Expense	65.08	52.16	44.7	30.59	0.37	3.52	Upgrade
Earnings From Continuing Operations	682.39	613.3	569.09	527.77	121.66	98.14	Upgrade
Minority Interest in Earnings	-77.58	-74.14	-79.11	-70.29	-	-	Upgrade
Net Income	604.8	539.16	489.98	457.48	121.66	98.14	Upgrade
Net Income to Common	604.8	539.16	489.98	457.48	121.66	98.14	Upgrade
Net Income Growth	27.14%	10.04%	7.11%	276.04%	23.96%	28.43%	Upgrade
Shares Outstanding (Basic)	448	449	338	292	294	240	Upgrade
Shares Outstanding (Diluted)	448	449	338	292	294	240	Upgrade
Shares Change (YoY)	-2.45%	32.96%	15.55%	-0.41%	22.13%	10.09%	Upgrade
EPS (Basic)	1.35	1.20	1.45	1.56	0.41	0.41	Upgrade
EPS (Diluted)	1.35	1.20	1.45	1.56	0.41	0.41	Upgrade
EPS Growth	30.34%	-17.24%	-7.31%	277.58%	1.49%	16.66%	Upgrade
Free Cash Flow	4.63	84.47	106.02	238.7	-67	28.5	Upgrade
Free Cash Flow Per Share	0.01	0.19	0.31	0.82	-0.23	0.12	Upgrade
Dividend Per Share	0.420	0.420	0.279	-	0.076	0.095	Upgrade
Dividend Growth	50.75%	50.75%	-	-	-19.30%	-	Upgrade
Gross Margin	37.93%	36.37%	35.60%	37.01%	28.79%	29.80%	Upgrade
Operating Margin	22.73%	21.30%	21.39%	21.18%	10.11%	12.15%	Upgrade
Profit Margin	21.41%	20.36%	18.31%	18.21%	12.00%	12.03%	Upgrade
Free Cash Flow Margin	0.16%	3.19%	3.96%	9.50%	-6.61%	3.49%	Upgrade
EBITDA	824.74	741.98	718.55	665.68	143.67	129.57	Upgrade
EBITDA Margin	29.20%	28.02%	26.86%	26.50%	14.17%	15.88%	Upgrade
D&A For EBITDA	182.69	177.78	146.32	133.63	41.2	30.44	Upgrade
EBIT	642.05	564.2	572.24	532.04	102.47	99.13	Upgrade
EBIT Margin	22.73%	21.30%	21.39%	21.18%	10.11%	12.15%	Upgrade
Effective Tax Rate	8.71%	7.84%	7.28%	5.48%	0.30%	3.46%	Upgrade
Revenue as Reported	2,824	2,648	2,676	2,512	1,014	816.16	Upgrade
Advertising Expenses	-	1.34	0.92	0.41	0.64	0.9	Upgrade

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