SHE:300119 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	3,347	3,045	2,684	2,063	1,987	1,984
Other Revenue	25.33	25.33	24.98	21.44	20.23	16.09
Revenue	3,373	3,070	2,709	2,084	2,007	2,000
Revenue Growth (YoY)	0.27%	13.32%	29.98%	3.84%	0.34%	36.40%
Cost of Revenue	1,990	1,820	1,527	1,075	969.26	920.78
Gross Profit	1,383	1,250	1,182	1,010	1,038	1,080
Selling, General & Admin	696.52	640.33	584.43	486.89	529.17	521.48
Research & Development	217.9	196.04	172.47	132.1	116.64	110.96
Other Operating Expenses	26.15	21.89	20.04	20.4	18.97	18.44
Operating Expenses	957.88	874.82	803.78	659.1	682.72	680.24
Operating Income	424.79	375.04	378.65	350.43	355.16	399.38
Interest Expense	-35.65	-31.21	-25.42	-28.43	-23.82	-27.17
Interest & Investment Income	70.49	14.11	20.81	15.25	24.27	4.88
Currency Exchange Gain (Loss)	0.78	0.78	0.51	0.41	-0.28	-1.21
Other Non Operating Income (Expenses)	-5.13	-4.63	-6.12	0.43	-3.21	-1.25
EBT Excluding Unusual Items	455.27	354.08	368.42	338.1	352.12	374.63
Gain (Loss) on Sale of Investments	10.29	-10.71	61.26	51.38	113.8	116.75
Gain (Loss) on Sale of Assets	3.74	-0.02	114.09	-0.01	0.1	-0.02
Asset Writedown	-0.15	-0.14	-0.47	-0.11	-9.1	-1.34
Other Unusual Items	25.07	25.07	27.89	22.16	30.88	20.9
Pretax Income	494.21	368.29	571.19	413.81	487.79	510.92
Income Tax Expense	49.45	38.46	56.18	40.04	54.2	71.43
Earnings From Continuing Operations	444.77	329.83	515	373.77	433.59	439.49
Minority Interest in Earnings	-30.5	-29.11	-61.41	-27.07	-20.81	-41.29
Net Income	414.26	300.72	453.59	346.7	412.78	398.2
Net Income to Common	414.26	300.72	453.59	346.7	412.78	398.2
Net Income Growth	-3.36%	-33.70%	30.83%	-16.01%	3.66%	104.88%
Shares Outstanding (Basic)	456	460	464	463	402	396
Shares Outstanding (Diluted)	456	460	464	463	402	396
Shares Change (YoY)	-1.15%	-0.69%	0.11%	15.06%	1.61%	-0.28%
EPS (Basic)	0.91	0.65	0.98	0.75	1.03	1.01
EPS (Diluted)	0.91	0.65	0.98	0.75	1.03	1.01
EPS Growth	-2.23%	-33.24%	30.69%	-27.00%	2.02%	105.46%
Free Cash Flow	412.03	550.21	158.47	17.05	76.75	129.27
Free Cash Flow Per Share	0.90	1.20	0.34	0.04	0.19	0.33
Dividend Per Share	0.300	0.300	0.400	0.300	0.350	0.400
Dividend Growth	-25.00%	-25.00%	33.33%	-14.29%	-12.50%	60.00%
Gross Margin	41.00%	40.71%	43.65%	48.44%	51.71%	53.97%
Operating Margin	12.60%	12.22%	13.98%	16.81%	17.70%	19.96%
Profit Margin	12.28%	9.80%	16.74%	16.63%	20.57%	19.91%
Free Cash Flow Margin	12.22%	17.92%	5.85%	0.82%	3.82%	6.46%
EBITDA	657.41	567.43	517.4	457.89	439.13	495.13
EBITDA Margin	19.49%	18.48%	19.10%	21.97%	21.88%	24.75%
D&A For EBITDA	232.62	192.39	138.76	107.45	83.97	95.75
EBIT	424.79	375.04	378.65	350.43	355.16	399.38
EBIT Margin	12.60%	12.22%	13.98%	16.81%	17.70%	19.96%
Effective Tax Rate	10.01%	10.44%	9.84%	9.68%	11.11%	13.98%
Revenue as Reported	3,373	3,070	2,709	2,084	2,007	2,000
Advertising Expenses	-	13.04	7.44	6.64	7.72	6.51

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