¥10.65 ($1.59)

-0.08 (-0.75%)

SHZ · Consumer Cyclical · Packaging & Containers · Tech Score Strong Sell · Power 39 · ¥11.7B mcap · 1.08B float · 4.01% daily turnover

Analysis Technicals Weather Peers

Revenue

$3.2B +1.5% ▲

5Y CAGR: +4.0%

Gross Profit

$510M +9.9% ▲

5Y CAGR: +0.8%

Operating Income

$269M +6.2% ▲

5Y CAGR: +4.3%

Net Income

$183M +18.8% ▲

5Y CAGR: +1.3%

EPS (Diluted)

$0.19 +18.8% ▲

5Y CAGR: +1.1%

EBITDA

$520M +8.8% ▲

5Y CAGR: +3.3%

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$2.0B	$3.5B	$3.0B	$3.2B	$3.2B
YoY Growth	-24.1%	+73.2%	-13.6%	+5.7%	+1.5%
Cost of Revenue	$1.7B	$3.0B	$2.7B	$2.7B	$2.7B
Gross Profit	$260M	$427M	$264M	$464M	$510M
Gross Margin	13.1%	12.4%	8.8%	14.7%	15.9%
R&D Expenses	$6M	$8M	$7M	$9M	$9M
SG&A Expenses	$40M	$44M	$41M	$40M	$39M
Operating Expenses	$149M	$182M	$176M	$239M	$241M
Operating Income	$91M	$194M	$93M	$254M	$269M
Operating Margin	4.6%	5.6%	3.1%	8.0%	8.4%
Interest Expense	$50M	$52M	$61M	$54M	$56M
Income Before Tax	$48M	$191M	$27M	$215M	$252M
Tax Expense	$14M	$27M	$10M	$61M	$69M
Net Income	$35M	$164M	$17M	$154M	$183M
Net Margin	1.7%	4.7%	0.6%	4.9%	5.7%
EPS (Diluted)	$0.04	$0.16	$0.02	$0.16	$0.19
EBITDA	$261M	$421M	$268M	$478M	$520M
Shares Outstanding	953M	1.04B	955M	959M	959M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$703M	$1.1B	$602M	$654M	$783M	$776M	$857M	$514M
Cost of Revenue	$623M	$883M	$536M	$576M	$697M	$624M	$711M	$455M
Gross Profit	$79M	$237M	$67M	$78M	$85M	$152M	$146M	$59M
Gross Margin	11.3%	21.2%	11.1%	12.0%	10.9%	19.5%	17.1%	11.5%
R&D Expenses	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M
SG&A Expenses	$102M	-$83M	$43M	-$23M	$38M	-$83M	$45M	$52M
Operating Expenses	$56M	$71M	$50M	$65M	$60M	$75M	$57M	$64M
Operating Income	$23M	$166M	$17M	$13M	$25M	$77M	$89M	-$6M
Operating Margin	3.3%	14.8%	2.7%	2.0%	3.3%	9.9%	10.4%	-1.1%
Interest Expense	$14M	$15M	$14M	$13M	$13M	$14M	$3M	$810K
Income Before Tax	$23M	$154M	$17M	$11M	$27M	$68M	$89M	-$9M
Tax Expense	$6M	$45M	$4M	$4M	$7M	$20M	$22M	-$12M
Net Income	$17M	$109M	$13M	$7M	$19M	$47M	$67M	$3M
Net Margin	2.4%	9.7%	2.1%	1.1%	2.5%	6.1%	7.8%	0.7%
EPS (Diluted)	$0.02	$0.11	$0.01	$0.01	$0.02	$0.05	$0.06	$0.00
EBITDA	$37M	$169M	$30M	$24M	$90M	$223M	$92M	$51M
Shares Outstanding	955M	956M	952M	952M	958M	1.03B	1.10B	1.10B

002969.SZ SHZ