Also trades as: 1071.HK (HKSE) · $vol 4M · HPIFF (OTC) · $vol 0M · HPIFY (OTC) · $vol 0M

¥4.95 ($0.74)

+0.09 (+1.85%)

SHH · Utilities · Regulated Electric · Tech Score Buy · Power 62 · ¥49.0B mcap · 2.07B float · 5.67% daily turnover

Revenue

$126.0B +11.5% ▲

5Y CAGR: +6.8%

Gross Profit

$13.9B +40.5% ▲

5Y CAGR: -1.0%

Operating Income

$10.2B +22.7% ▲

5Y CAGR: +8.6%

Net Income

$6.1B +6.4% ▲

5Y CAGR: +7.8%

EPS (Diluted)

$0.49 -12.5% ▼

5Y CAGR: +1.7%

EBITDA

$23.6B +29.1% ▲

5Y CAGR: +0.3%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$104.6B	$107.1B	$117.2B	$113.0B	$126.0B
YoY Growth	+15.3%	+2.3%	+9.5%	-3.6%	+11.5%
Cost of Revenue	$111.1B	$106.6B	$109.7B	$103.1B	$111.6B
Gross Profit	-$6.5B	$458M	$7.5B	$9.9B	$13.9B
Gross Margin	-6.2%	0.4%	6.4%	8.8%	11.1%
R&D Expenses	$3M	$0	$0	$0	$0
SG&A Expenses	$1.9B	$1.7B	$1.7B	$1.8B	$0
Operating Expenses	$2.1B	$1.8B	$1.8B	$1.6B	$3.7B
Operating Income	-$8.6B	-$1.3B	$5.7B	$8.3B	$10.2B
Operating Margin	-8.2%	-1.2%	4.9%	7.4%	8.1%
Interest Expense	$4.4B	$4.1B	$3.6B	$3.3B	$3.2B
Income Before Tax	-$8.5B	-$1.1B	$5.8B	$8.9B	$10.6B
Tax Expense	-$1.7B	-$512M	$1.0B	$2.0B	$2.4B
Net Income	-$5.0B	$100M	$4.5B	$5.7B	$6.1B
Net Margin	-4.8%	0.1%	3.9%	5.0%	4.8%
EPS (Diluted)	$-0.68	$-0.06	$0.35	$0.56	$0.49
EBITDA	$1.9B	$7.8B	$16.0B	$18.3B	$23.6B
Shares Outstanding	9.87B	9.87B	12.92B	10.23B	12.39B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$31.6B	$28.2B	$26.6B	$33.4B	$35.9B	$30.1B	$30.5B	$23.8B
Cost of Revenue	$28.5B	$26.0B	$23.7B	$29.8B	$30.7B	$27.4B	$26.6B	$21.3B
Gross Profit	$3.1B	$2.2B	$2.9B	$3.6B	$5.2B	$2.8B	$3.9B	$2.5B
Gross Margin	9.9%	7.9%	10.7%	10.7%	14.5%	9.2%	12.6%	10.5%
R&D Expenses	$0	$0	$0	$5M	$3M	$103M	$3M	$4M
SG&A Expenses	$409M	$732M	$312M	$520M	$579M	$823M	$385M	$404M
Operating Expenses	$475M	$1.1B	$112M	$444M	$1.2B	$1.1B	$727M	$738M
Operating Income	$2.7B	$1.1B	$2.7B	$3.1B	$4.0B	$1.7B	$3.1B	$1.8B
Operating Margin	8.4%	3.9%	10.3%	9.4%	11.2%	5.6%	10.2%	7.4%
Interest Expense	$806M	$787M	$705M	$930M	$0	$748M	$738M	$731M
Income Before Tax	$2.8B	$1.5B	$2.8B	$3.2B	$4.2B	$543M	$3.0B	$2.3B
Tax Expense	$498M	$722M	$497M	$492M	$823M	$619M	$572M	$523M
Net Income	$1.9B	$546M	$1.9B	$2.0B	$2.5B	-$367M	$1.8B	$1.3B
Net Margin	6.1%	1.9%	7.3%	5.9%	7.1%	-1.2%	5.9%	5.5%
EPS (Diluted)	$0.19	$0.05	$0.19	$0.18	$0.21	$-0.04	$0.14	$0.11
EBITDA	$3.9B	$4.2B	$4.9B	$6.1B	$6.9B	$7.9B	$3.8B	$5.0B
Shares Outstanding	10.23B	10.23B	10.23B	10.91B	12.10B	10.23B	12.78B	11.61B

600027.SS SHH