SHE:002270 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	Jun '25 Jun 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	2015 - 2019
Operating Revenue	2,295	2,296	1,934	1,689	1,508	1,345	Upgrade
Other Revenue	27.81	25.82	26.78	22.33	23.95	22.8	Upgrade
Revenue	2,323	2,322	1,961	1,712	1,532	1,368	Upgrade
Revenue Growth (YoY)	6.91%	18.41%	14.57%	11.70%	12.00%	13.78%	Upgrade
Cost of Revenue	1,109	1,193	944.49	870.67	791.69	727.98	Upgrade
Gross Profit	1,213	1,129	1,017	840.99	740.69	640.26	Upgrade
Selling, General & Admin	372.61	353.53	342.09	330.94	319.65	277.15	Upgrade
Research & Development	88.68	81.36	78.47	69.06	64.8	65.56	Upgrade
Other Operating Expenses	27.59	27.68	28.12	26.73	22.53	16.22	Upgrade
Operating Expenses	493.88	466.1	426.08	424.59	455.78	367.97	Upgrade
Operating Income	719.59	662.88	590.56	416.4	284.91	272.29	Upgrade
Interest Expense	-14.99	-17.25	-16.3	-22.28	-49.16	-60.25	Upgrade
Interest & Investment Income	46.96	52.3	37.62	15.53	24.05	10.59	Upgrade
Currency Exchange Gain (Loss)	10.54	-3.45	2.12	1.87	-18.56	-9.47	Upgrade
Other Non Operating Income (Expenses)	-5.14	-6.38	2.65	0.03	-14.7	-14.49	Upgrade
EBT Excluding Unusual Items	756.97	688.09	616.66	411.55	226.53	198.67	Upgrade
Impairment of Goodwill	-	-	-	-	-0.27	-	Upgrade
Gain (Loss) on Sale of Investments	-12.56	-	6.73	0.18	283.01	-1.12	Upgrade
Gain (Loss) on Sale of Assets	-0.71	-1.28	-1.63	0.43	-0.41	185.27	Upgrade
Asset Writedown	-0.4	-0.45	-0.57	-16.78	-0.67	-55.05	Upgrade
Other Unusual Items	28.93	40.27	24.59	23.56	9.31	34.67	Upgrade
Pretax Income	772.22	726.64	645.78	418.94	517.5	362.43	Upgrade
Income Tax Expense	96.94	106.86	95.12	55.09	96.49	70.87	Upgrade
Earnings From Continuing Operations	675.28	619.78	550.66	363.85	421.01	291.56	Upgrade
Minority Interest in Earnings	-7	-5.48	-8.25	-4.41	-4.07	-4.26	Upgrade
Net Income	668.28	614.3	542.41	359.44	416.94	287.3	Upgrade
Net Income to Common	668.28	614.3	542.41	359.44	416.94	287.3	Upgrade
Net Income Growth	17.23%	13.26%	50.90%	-13.79%	45.13%	90.28%	Upgrade
Shares Outstanding (Basic)	890	890	889	856	758	756	Upgrade
Shares Outstanding (Diluted)	890	890	889	856	758	756	Upgrade
Shares Change (YoY)	0.03%	0.12%	3.90%	12.89%	0.27%	0.14%	Upgrade
EPS (Basic)	0.75	0.69	0.61	0.42	0.55	0.38	Upgrade
EPS (Diluted)	0.75	0.69	0.61	0.42	0.55	0.38	Upgrade
EPS Growth	17.19%	13.11%	45.24%	-23.64%	44.74%	90.00%	Upgrade
Free Cash Flow	588.09	775.58	558.66	427.38	173.39	142.03	Upgrade
Free Cash Flow Per Share	0.66	0.87	0.63	0.50	0.23	0.19	Upgrade
Dividend Per Share	0.476	0.546	0.820	0.560	0.300	0.077	Upgrade
Dividend Growth	-41.95%	-33.41%	46.43%	86.67%	289.61%	83.33%	Upgrade
Gross Margin	52.25%	48.62%	51.84%	49.13%	48.34%	46.79%	Upgrade
Operating Margin	30.98%	28.54%	30.11%	24.33%	18.59%	19.90%	Upgrade
Profit Margin	28.77%	26.45%	27.66%	21.00%	27.21%	21.00%	Upgrade
Free Cash Flow Margin	25.32%	33.40%	28.49%	24.97%	11.31%	10.38%	Upgrade
EBITDA	792.23	734.19	660.45	484.07	348.76	318.93	Upgrade
EBITDA Margin	34.11%	31.62%	33.68%	28.28%	22.76%	23.31%	Upgrade
D&A For EBITDA	72.64	71.31	69.89	67.67	63.85	46.64	Upgrade
EBIT	719.59	662.88	590.56	416.4	284.91	272.29	Upgrade
EBIT Margin	30.98%	28.54%	30.11%	24.33%	18.59%	19.90%	Upgrade
Effective Tax Rate	12.55%	14.70%	14.73%	13.15%	18.64%	19.55%	Upgrade
Revenue as Reported	2,323	2,322	1,961	1,712	1,532	1,368	Upgrade
Advertising Expenses	-	6.11	3.96	4.74	0.85	1.68	Upgrade

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