SHE:300012 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	6,373	6,067	5,592	5,121	4,319	3,560
Other Revenue	16.81	16.81	12.54	10.15	9.78	7.93
Revenue	6,390	6,084	5,605	5,131	4,329	3,568
Revenue Growth (YoY)	7.95%	8.55%	9.24%	18.52%	21.34%	12.08%
Cost of Revenue	3,274	3,074	2,911	2,596	2,128	1,785
Gross Profit	3,116	3,010	2,694	2,534	2,201	1,783
Selling, General & Admin	1,467	1,411	1,304	1,161	1,045	902.9
Research & Development	536	529.29	472.62	434.96	375.97	308.23
Other Operating Expenses	80.04	38.16	33.4	25.37	22.52	18.26
Operating Expenses	2,138	2,083	1,868	1,675	1,481	1,245
Operating Income	978.27	926.61	825.85	858.82	719.16	537.72
Interest Expense	-14.46	-15.96	-17.5	-14.83	-13.62	-7.01
Interest & Investment Income	70.83	57.95	92.59	65.11	47.12	33.14
Currency Exchange Gain (Loss)	2.97	2.97	0.25	7.21	-4.86	-6.4
Other Non Operating Income (Expenses)	-0.33	-2.71	-3.44	-2.54	-2.76	-1.6
EBT Excluding Unusual Items	1,037	968.85	897.75	913.78	745.04	555.86
Impairment of Goodwill	-14.25	-14.25	-	-	-	-
Gain (Loss) on Sale of Investments	0.62	1.57	14.99	10.65	19.61	9.37
Gain (Loss) on Sale of Assets	9.61	12.08	2.02	1.46	0.41	0.48
Asset Writedown	-32.34	-3.07	-4.37	-1.89	-1.5	-2.66
Other Unusual Items	87.56	54.18	100.92	100.05	85.99	88.23
Pretax Income	1,088	1,019	1,011	1,024	849.54	651.27
Income Tax Expense	97.67	86.47	84.11	99.45	86.32	62.17
Earnings From Continuing Operations	990.8	932.89	927.2	924.6	763.23	589.1
Minority Interest in Earnings	-4.18	-11.81	-16.99	-21.86	-17.04	-11.49
Net Income	986.61	921.07	910.2	902.73	746.19	577.61
Net Income to Common	986.61	921.07	910.2	902.73	746.19	577.61
Net Income Growth	7.70%	1.19%	0.83%	20.98%	29.18%	21.25%
Shares Outstanding (Basic)	1,675	1,675	1,663	1,671	1,671	1,664
Shares Outstanding (Diluted)	1,675	1,675	1,663	1,671	1,678	1,675
Shares Change (YoY)	1.06%	0.72%	-0.48%	-0.45%	0.22%	1.95%
EPS (Basic)	0.59	0.55	0.55	0.54	0.45	0.35
EPS (Diluted)	0.59	0.55	0.55	0.54	0.44	0.34
EPS Growth	6.58%	0.47%	1.31%	21.52%	28.91%	18.93%
Free Cash Flow	708.91	371.87	468.92	458.07	511.74	385.37
Free Cash Flow Per Share	0.42	0.22	0.28	0.27	0.30	0.23
Dividend Per Share	0.100	0.100	0.100	0.060	0.060	0.035
Dividend Growth	-	-	66.67%	-	71.43%	-
Gross Margin	48.77%	49.47%	48.06%	49.39%	50.83%	49.96%
Operating Margin	15.31%	15.23%	14.74%	16.74%	16.61%	15.07%
Profit Margin	15.44%	15.14%	16.24%	17.59%	17.24%	16.19%
Free Cash Flow Margin	11.09%	6.11%	8.37%	8.93%	11.82%	10.80%
EBITDA	1,332	1,270	1,157	1,163	1,009	802.61
EBITDA Margin	20.84%	20.88%	20.64%	22.66%	23.31%	22.50%
D&A For EBITDA	353.27	343.65	330.81	303.85	289.87	264.89
EBIT	978.27	926.61	825.85	858.82	719.16	537.72
EBIT Margin	15.31%	15.23%	14.74%	16.74%	16.61%	15.07%
Effective Tax Rate	8.97%	8.48%	8.32%	9.71%	10.16%	9.55%
Revenue as Reported	6,390	6,084	5,605	5,131	4,329	3,568

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