Also trades as: 0548.HK (HKSE) · $vol 1M · SHZNY (OTC) · $vol 0M · SHZNF (OTC) · $vol 0M

¥8.12 ($1.21)

+0.06 (+0.74%)

SHH · Industrials · Industrial - Infrastructure Operations · Tech Score Sell · Power 35 · ¥20.6B mcap · 349M float · 1.00% daily turnover

Revenue

$9.2B -0.0% ▼

5Y CAGR: +2.9%

Gross Profit

$2.7B -2.2% ▼

5Y CAGR: -0.8%

Operating Income

$2.0B +13.2% ▲

5Y CAGR: -5.6%

Net Income

$1.1B +0.4% ▲

5Y CAGR: -11.0%

EPS (Diluted)

$0.45 +2.3% ▲

5Y CAGR: -13.7%

EBITDA

$4.5B +3.1% ▲

5Y CAGR: +2.6%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$10.9B	$9.4B	$9.3B	$9.2B	$9.2B
YoY Growth	+35.7%	-13.9%	-0.8%	-0.5%	-0.0%
Cost of Revenue	$7.1B	$6.5B	$6.1B	$6.5B	$6.5B
Gross Profit	$3.8B	$2.9B	$3.2B	$2.8B	$2.7B
Gross Margin	34.7%	31.2%	34.6%	29.8%	29.2%
R&D Expenses	$61M	$46M	$33M	$33M	$43M
SG&A Expenses	$621M	$472M	$503M	$473M	$504M
Operating Expenses	$463M	$433M	$200M	$962M	$663M
Operating Income	$3.3B	$2.5B	$3.0B	$1.8B	$2.0B
Operating Margin	30.4%	26.5%	32.4%	19.4%	22.0%
Interest Expense	$1.2B	$1.2B	$1.2B	$41M	$867M
Income Before Tax	$3.4B	$2.5B	$2.9B	$1.8B	$1.6B
Tax Expense	$551M	$529M	$530M	$540M	$461M
Net Income	$2.6B	$2.0B	$2.3B	$1.1B	$1.1B
Net Margin	24.0%	21.5%	25.0%	12.4%	12.4%
EPS (Diluted)	$1.11	$0.92	$1.07	$0.44	$0.45
EBITDA	$5.2B	$4.5B	$4.9B	$4.4B	$4.5B
Shares Outstanding	2.18B	2.18B	2.18B	2.60B	2.54B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$2.1B	$3.4B	$1.8B	$2.1B	$2.1B	$3.2B	$1.8B	$1.9B
Cost of Revenue	$1.2B	$2.9B	$1.1B	$1.4B	$1.4B	$2.6B	$1.1B	$1.3B
Gross Profit	$873M	$469M	$672M	$768M	$765M	$570M	$693M	$616M
Gross Margin	41.5%	13.9%	37.9%	35.8%	35.9%	17.7%	39.4%	32.6%
R&D Expenses	$9M	$10M	$4M	$10M	$11M	$18M	$7M	$0
SG&A Expenses	$110M	$186M	$89M	$85M	$137M	$122M	$89M	$95M
Operating Expenses	$75M	$567M	$51M	$136M	$163M	$805M	$107M	$123M
Operating Income	$798M	-$97M	$621M	$631M	$602M	-$234M	$585M	$494M
Operating Margin	37.9%	-2.9%	35.1%	29.4%	28.3%	-7.3%	33.3%	26.1%
Interest Expense	$297M	-$793M	$240M	$202M	$199M	$218M	$182M	$193M
Income Before Tax	$797M	-$138M	$621M	$634M	$684M	-$293M	$673M	$496M
Tax Expense	$147M	$144M	$107M	$118M	$118M	$119M	$117M	$70M
Net Income	$600M	-$229M	$478M	$482M	$510M	-$321M	$509M	$410M
Net Margin	28.5%	-6.8%	27.0%	22.4%	24.0%	-10.0%	28.9%	21.6%
EPS (Diluted)	$0.28	$-0.10	$0.20	$0.20	$0.20	$-0.13	$0.20	$0.16
EBITDA	$1.3B	$826M	$1.1B	$1.2B	$641M	$583M	$855M	$494M
Shares Outstanding	2.18B	2.18B	2.35B	2.35B	2.54B	2.54B	2.54B	2.54B

600548.SS SHH