SHE:200581 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	11,292	11,011	10,927	12,333	13,184	12,430
Other Revenue	156.67	156.67	166.39	396.54	498.29	453.39
Revenue	11,449	11,167	11,093	12,730	13,682	12,884
Revenue Growth (YoY)	4.38%	0.67%	-12.86%	-6.96%	6.20%	46.67%
Cost of Revenue	9,471	9,299	9,444	11,198	11,355	10,572
Gross Profit	1,978	1,868	1,649	1,532	2,328	2,312
Selling, General & Admin	953.42	899.91	754.42	775.91	876.52	1,189
Research & Development	753.63	690.26	667.87	581.49	595.41	532.58
Other Operating Expenses	17.68	-87.22	6.03	66.24	60.25	65.32
Operating Expenses	1,722	1,497	1,433	3,070	1,528	1,798
Operating Income	255.6	371	216.69	-1,538	799.5	513.87
Interest Expense	-23.29	-25.39	-95.15	-107.74	-58.54	-19.54
Interest & Investment Income	1,490	1,637	1,742	1,890	1,996	2,016
Currency Exchange Gain (Loss)	-15.28	-15.28	10.23	-10.1	1.98	-5.14
Other Non Operating Income (Expenses)	24.16	-5.27	-3.49	-10.62	-4.99	-3.66
EBT Excluding Unusual Items	1,731	1,962	1,871	223.82	2,734	2,502
Impairment of Goodwill	-86.49	-86.49	-125.42	-	-	-
Gain (Loss) on Sale of Investments	85.01	-25.72	9.77	-157.62	-40.27	383.33
Gain (Loss) on Sale of Assets	-10.88	8.68	126.54	1.99	-21.05	10.72
Asset Writedown	-178.06	-150.26	-0.69	-2.14	-3.68	-36.44
Other Unusual Items	68.29	49.2	53.51	113.56	71.41	143.39
Pretax Income	1,609	1,757	1,934	179.61	2,740	3,003
Income Tax Expense	60.61	40.04	21.2	-11.33	91	180.22
Earnings From Continuing Operations	1,548	1,717	1,913	190.95	2,649	2,823
Minority Interest in Earnings	-13.94	-57.64	-75.86	-72.13	-73.99	-49.97
Net Income	1,534	1,660	1,837	118.82	2,575	2,773
Net Income to Common	1,534	1,660	1,837	118.82	2,575	2,773
Net Income Growth	-14.41%	-9.68%	1446.28%	-95.39%	-7.12%	22.25%
Shares Outstanding (Basic)	965	970	977	1,320	1,002	994
Shares Outstanding (Diluted)	965	970	977	1,320	1,002	994
Shares Change (YoY)	-1.46%	-0.69%	-25.98%	31.75%	0.83%	-1.41%
EPS (Basic)	1.59	1.71	1.88	0.09	2.57	2.79
EPS (Diluted)	1.59	1.71	1.88	0.09	2.57	2.79
EPS Growth	-13.15%	-9.04%	1988.89%	-96.50%	-7.89%	24.00%
Free Cash Flow	548.22	501.41	512.34	-3,728	-125.87	289.13
Free Cash Flow Per Share	0.57	0.52	0.52	-2.82	-0.13	0.29
Dividend Per Share	1.000	1.120	1.000	0.100	1.600	1.500
Dividend Growth	-18.03%	12.00%	900.00%	-93.75%	6.67%	36.36%
Gross Margin	17.28%	16.73%	14.87%	12.03%	17.01%	17.95%
Operating Margin	2.23%	3.32%	1.95%	-12.08%	5.84%	3.99%
Profit Margin	13.40%	14.86%	16.56%	0.93%	18.82%	21.52%
Free Cash Flow Margin	4.79%	4.49%	4.62%	-29.29%	-0.92%	2.24%
EBITDA	895.3	994.89	819.51	-1,067	1,241	941.77
EBITDA Margin	7.82%	8.91%	7.39%	-8.38%	9.07%	7.31%
D&A For EBITDA	639.71	623.9	602.81	470.8	441.64	427.9
EBIT	255.6	371	216.69	-1,538	799.5	513.87
EBIT Margin	2.23%	3.32%	1.95%	-12.08%	5.84%	3.99%
Effective Tax Rate	3.77%	2.28%	1.10%	-	3.32%	6.00%
Revenue as Reported	11,449	11,167	11,093	12,730	13,682	12,884

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