Also trades as: 1171.HK (HKSE) · $vol 50M · YZCAY (OTC) · $vol 0M · YZCHF (OTC) · $vol 0M

¥19.44 ($2.90)

+0.18 (+0.93%)

SHH · Energy · Coal · Tech Score Sell · Power 35 · ¥195.1B mcap · 1.55B float · 3.83% daily turnover

Revenue

$143.5B +3.1% ▲

5Y CAGR: -7.8%

Gross Profit

$39.5B -20.6% ▼

5Y CAGR: +6.9%

Operating Income

$19.2B -28.7% ▼

5Y CAGR: +6.2%

Net Income

$9.0B -37.5% ▼

5Y CAGR: +4.8%

EPS (Diluted)

$0.84 -42.1% ▼

5Y CAGR: -2.8%

EBITDA

$19.2B -54.3% ▼

5Y CAGR: -3.9%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$152.0B	$225.0B	$150.1B	$139.1B	$143.5B
YoY Growth	-29.3%	+48.0%	-33.3%	-7.3%	+3.1%
Cost of Revenue	$107.3B	$129.8B	$89.1B	$89.3B	$104.0B
Gross Profit	$44.7B	$95.2B	$61.0B	$49.8B	$39.5B
Gross Margin	29.4%	42.3%	40.6%	35.8%	27.6%
R&D Expenses	$1.1B	$2.9B	$2.9B	$2.7B	$0
SG&A Expenses	$9.8B	$15.5B	$13.5B	$13.3B	$11.5B
Operating Expenses	$20.5B	$32.7B	$24.0B	$23.0B	$20.4B
Operating Income	$24.3B	$62.5B	$37.0B	$26.9B	$19.2B
Operating Margin	16.0%	27.8%	24.6%	19.3%	13.4%
Interest Expense	$5.6B	$7.8B	$4.5B	$4.4B	$4.5B
Income Before Tax	$23.9B	$61.7B	$36.6B	$26.7B	$18.4B
Tax Expense	$5.5B	$16.1B	$9.9B	$6.4B	$4.2B
Net Income	$16.3B	$33.4B	$20.1B	$14.4B	$9.0B
Net Margin	10.7%	14.8%	13.4%	10.4%	6.3%
EPS (Diluted)	$2.22	$4.52	$2.14	$1.45	$0.84
EBITDA	$39.8B	$82.8B	$52.7B	$41.9B	$19.2B
Shares Outstanding	7.39B	7.48B	9.62B	9.97B	10.02B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$34.3B	$32.5B	$30.3B	$29.0B	$45.6B	$40.0B	$34.6B	$41.1B
Cost of Revenue	$21.3B	$19.6B	$20.8B	$21.0B	$32.0B	$29.2B	$25.6B	$27.2B
Gross Profit	$13.1B	$12.9B	$9.5B	$8.0B	$13.7B	$10.7B	$9.0B	$13.9B
Gross Margin	38.1%	39.7%	31.5%	27.6%	29.9%	26.8%	25.9%	33.9%
R&D Expenses	$718M	$1.1B	$206M	$542M	$1.1B	$0	$262M	$570M
SG&A Expenses	$3.3B	$4.1B	$3.1B	$2.5B	$4.4B	$2.4B	$3.2B	$3.7B
Operating Expenses	$6.0B	$6.5B	$5.0B	$4.2B	$8.4B	$5.6B	$5.2B	$6.9B
Operating Income	$7.0B	$6.4B	$4.6B	$3.8B	$5.3B	$5.1B	$3.8B	$7.0B
Operating Margin	20.5%	19.5%	15.1%	13.1%	11.5%	12.8%	11.0%	17.0%
Interest Expense	$885M	$898M	$946M	$995M	$612M	$826M	$1.1B	$974M
Income Before Tax	$7.0B	$6.1B	$4.4B	$3.7B	$5.2B	$4.6B	$5.7B	$6.3B
Tax Expense	$1.4B	$2.0B	$840M	$617M	$1.0B	$1.6B	$483M	$1.6B
Net Income	$3.8B	$3.0B	$2.7B	$1.9B	$2.5B	$1.4B	$4.1B	$3.4B
Net Margin	11.2%	9.3%	8.9%	6.7%	5.4%	3.6%	11.9%	8.2%
EPS (Diluted)	$0.39	$0.32	$0.27	$0.19	$0.25	$0.12	$0.40	$0.32
EBITDA	$11.4B	$9.3B	$8.6B	$7.1B	$9.5B	$5.5B	$6.8B	$11.5B
Shares Outstanding	10.04B	9.97B	10.07B	10.07B	10.01B	10.39B	10.00B	10.03B

600188.SS SHH