SHE:300009 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	2015 - 2019
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	2015 - 2019
Operating Revenue	2,575	2,533	2,861	2,327	2,160	1,694	Upgrade
Other Revenue	2.65	2.65	4.57	4.18	8.5	7.69	Upgrade
Revenue	2,577	2,536	2,866	2,331	2,169	1,701	Upgrade
Revenue Growth (YoY)	-6.81%	-11.51%	22.94%	7.48%	27.47%	-0.65%	Upgrade
Cost of Revenue	625.15	581.16	626.15	513.47	436.15	364.09	Upgrade
Gross Profit	1,952	1,955	2,240	1,818	1,733	1,337	Upgrade
Selling, General & Admin	999.3	986.63	1,035	871.18	942.68	791.65	Upgrade
Research & Development	218.1	201.29	254.68	166.01	166.54	128.76	Upgrade
Other Operating Expenses	5.21	0.32	17.21	19.32	19.47	16.38	Upgrade
Operating Expenses	1,235	1,195	1,327	1,062	1,133	940.64	Upgrade
Operating Income	716.86	759.46	912.92	755.7	599.3	396.69	Upgrade
Interest Expense	-1.99	-2.4	-1.87	-1.52	-1.62	-1.62	Upgrade
Interest & Investment Income	15.36	20.42	5.89	9.61	11.52	13.6	Upgrade
Currency Exchange Gain (Loss)	0.08	0.08	0.86	0.06	3.92	-0.07	Upgrade
Other Non Operating Income (Expenses)	-5.77	-2.79	-1.11	26.47	-12.29	-16.26	Upgrade
EBT Excluding Unusual Items	724.54	774.76	916.69	790.32	600.83	392.35	Upgrade
Impairment of Goodwill	-	-	-	-	-322.6	-	Upgrade
Gain (Loss) on Sale of Investments	14.86	10.52	-15.44	19.86	-2.24	-15.42	Upgrade
Gain (Loss) on Sale of Assets	0.84	1.09	0.12	-1.2	1.68	-0.02	Upgrade
Asset Writedown	-3.61	-0.15	-1.49	-4.47	-0.84	-0.03	Upgrade
Other Unusual Items	16.8	16.8	20.05	29.34	18.28	39.27	Upgrade
Pretax Income	753.43	803.02	919.93	833.85	295.12	416.14	Upgrade
Income Tax Expense	74.88	87.18	61.34	96.19	91.73	69.6	Upgrade
Earnings From Continuing Operations	678.54	715.84	858.59	737.66	203.39	346.53	Upgrade
Minority Interest in Earnings	-9.83	-8.89	-11.36	-34.4	3.24	12.42	Upgrade
Net Income	668.71	706.95	847.23	703.26	206.63	358.96	Upgrade
Net Income to Common	668.71	706.95	847.23	703.26	206.63	358.96	Upgrade
Net Income Growth	-14.54%	-16.56%	20.47%	240.35%	-42.44%	188.40%	Upgrade
Shares Outstanding (Basic)	1,664	1,674	1,674	1,635	1,589	1,632	Upgrade
Shares Outstanding (Diluted)	1,664	1,674	1,674	1,635	1,589	1,632	Upgrade
Shares Change (YoY)	-0.90%	0.02%	2.34%	2.90%	-2.58%	-1.68%	Upgrade
EPS (Basic)	0.40	0.42	0.51	0.43	0.13	0.22	Upgrade
EPS (Diluted)	0.40	0.42	0.51	0.43	0.13	0.22	Upgrade
EPS Growth	-13.77%	-16.57%	17.72%	230.77%	-40.91%	193.33%	Upgrade
Free Cash Flow	748.51	568.15	757.64	224.64	460.94	326.27	Upgrade
Free Cash Flow Per Share	0.45	0.34	0.45	0.14	0.29	0.20	Upgrade
Dividend Per Share	0.150	0.250	0.250	0.250	0.200	0.167	Upgrade
Dividend Growth	-57.14%	-	-	25.00%	19.98%	73.28%	Upgrade
Gross Margin	75.74%	77.08%	78.15%	77.97%	79.89%	78.60%	Upgrade
Operating Margin	27.81%	29.95%	31.86%	32.42%	27.63%	23.32%	Upgrade
Profit Margin	25.95%	27.88%	29.56%	30.17%	9.53%	21.10%	Upgrade
Free Cash Flow Margin	29.04%	22.40%	26.44%	9.64%	21.25%	19.18%	Upgrade
EBITDA	808.04	846.07	993.44	836.21	676.71	462.67	Upgrade
EBITDA Margin	31.35%	33.36%	34.67%	35.87%	31.20%	27.19%	Upgrade
D&A For EBITDA	91.18	86.61	80.52	80.5	77.41	65.99	Upgrade
EBIT	716.86	759.46	912.92	755.7	599.3	396.69	Upgrade
EBIT Margin	27.81%	29.95%	31.86%	32.42%	27.63%	23.32%	Upgrade
Effective Tax Rate	9.94%	10.86%	6.67%	11.54%	31.08%	16.73%	Upgrade
Revenue as Reported	2,577	2,536	2,866	2,331	2,169	1,701	Upgrade
Advertising Expenses	-	33.44	11.12	8.24	9.96	6	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.