SHE:200625 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	159,964	155,996	148,183	117,565	102,696	82,944
Other Revenue	3,737	3,737	3,115	3,688	2,446	1,621
Revenue	163,701	159,733	151,298	121,253	105,142	84,566
Revenue Growth (YoY)	6.26%	5.58%	24.78%	15.32%	24.33%	19.79%
Cost of Revenue	138,681	135,983	125,439	96,695	87,828	72,427
Gross Profit	25,020	23,750	25,859	24,558	17,314	12,139
Selling, General & Admin	14,358	11,940	10,075	8,671	8,145	7,578
Research & Development	7,088	6,505	5,980	4,315	3,515	2,889
Other Operating Expenses	5,142	4,350	4,758	4,102	3,972	3,228
Operating Expenses	26,613	22,817	21,098	17,238	15,702	13,822
Operating Income	-1,594	932.61	4,761	7,320	1,612	-1,683
Interest Expense	-118.24	-118.24	-65.66	-48.68	-45.16	-46.67
Interest & Investment Income	2,813	1,348	4,223	1,014	1,883	3,495
Currency Exchange Gain (Loss)	-	-	-	79.1	-16.41	-47.02
Other Non Operating Income (Expenses)	-187.36	-108.62	-207.84	-29.19	-22.32	-39.83
EBT Excluding Unusual Items	914.34	2,054	8,710	8,336	3,411	1,678
Gain (Loss) on Sale of Investments	21.84	-27.46	-19.06	-765.39	42.08	2,035
Gain (Loss) on Sale of Assets	2,547	2,550	441	74.86	745.6	80.61
Asset Writedown	17.74	-78.38	-328.87	-541.14	-797.97	-1,170
Other Unusual Items	2,868	2,259	1,786	604.34	420.26	-27.52
Pretax Income	6,369	6,758	10,589	7,708	3,821	2,597
Income Tax Expense	831.01	653.35	1,087	-36.77	216.39	-691.89
Earnings From Continuing Operations	5,538	6,104	9,502	7,745	3,604	3,288
Minority Interest in Earnings	1,259	1,217	1,826	53.76	-51.75	35.77
Net Income	6,797	7,321	11,327	7,799	3,552	3,324
Net Income to Common	6,797	7,321	11,327	7,799	3,552	3,324
Net Income Growth	35.26%	-35.37%	45.25%	119.53%	6.87%	-
Shares Outstanding (Basic)	9,827	9,894	9,850	9,748	9,824	8,924
Shares Outstanding (Diluted)	9,827	9,894	10,024	9,998	9,926	8,924
Shares Change (YoY)	-1.68%	-1.30%	0.26%	0.73%	11.22%	2.10%
EPS (Basic)	0.69	0.74	1.15	0.80	0.36	0.37
EPS (Diluted)	0.69	0.74	1.13	0.78	0.36	0.37
EPS Growth	37.58%	-34.51%	44.87%	117.94%	-3.92%	-
Free Cash Flow	-3,602	-18.71	17,037	4,261	20,962	7,716
Free Cash Flow Per Share	-0.37	-0.00	1.70	0.43	2.11	0.86
Dividend Per Share	0.345	0.295	0.343	0.236	0.179	0.168
Dividend Growth	0.58%	-13.99%	45.34%	31.70%	6.60%	-
Gross Margin	15.28%	14.87%	17.09%	20.25%	16.47%	14.35%
Operating Margin	-0.97%	0.58%	3.15%	6.04%	1.53%	-1.99%
Profit Margin	4.15%	4.58%	7.49%	6.43%	3.38%	3.93%
Free Cash Flow Margin	-2.20%	-0.01%	11.26%	3.51%	19.94%	9.12%
EBITDA	4,386	6,589	9,985	11,203	5,560	2,299
EBITDA Margin	2.68%	4.13%	6.60%	9.24%	5.29%	2.72%
D&A For EBITDA	5,980	5,656	5,224	3,883	3,948	3,982
EBIT	-1,594	932.61	4,761	7,320	1,612	-1,683
EBIT Margin	-0.97%	0.58%	3.15%	6.04%	1.53%	-1.99%
Effective Tax Rate	13.05%	9.67%	10.27%	-	5.66%	-
Revenue as Reported	159,733	159,733	151,298	-	-	-
Advertising Expenses	-	2,456	2,685	1,761	1,873	1,469

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