Also trades as: 0914.HK (HKSE) · $vol 14M · AHCHY (OTC) · $vol 1M · AHCHF (OTC) · $vol 0M

¥17.51 ($2.61)

+0.53 (+3.12%)

SHH · Basic Materials · Construction Materials · Tech Score Neutral · Power 43 · ¥92.8B mcap · 1.81B float · 1.57% daily turnover

Revenue

$82.2B -9.7% ▼

5Y CAGR: -14.2%

Gross Profit

$18.5B -6.3% ▼

5Y CAGR: -18.3%

Operating Income

$8.4B -13.5% ▼

5Y CAGR: -28.9%

Net Income

$8.1B +5.4% ▲

5Y CAGR: -25.4%

EPS (Diluted)

$1.54 +5.5% ▲

5Y CAGR: -25.3%

EBITDA

$16.9B -0.7% ▼

5Y CAGR: -18.8%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$168.0B	$132.0B	$141.2B	$91.0B	$82.2B
YoY Growth	-4.7%	-21.4%	+6.9%	-35.5%	-9.7%
Cost of Revenue	$118.2B	$104.8B	$117.7B	$71.3B	$63.7B
Gross Profit	$49.8B	$27.2B	$23.4B	$19.8B	$18.5B
Gross Margin	29.6%	20.6%	16.6%	21.7%	22.5%
R&D Expenses	$1.3B	$2.0B	$1.9B	$1.3B	$847M
SG&A Expenses	$8.2B	$8.7B	$8.7B	$9.0B	$8.2B
Operating Expenses	$6.7B	$7.1B	$10.3B	$10.0B	$10.1B
Operating Income	$43.1B	$20.1B	$13.1B	$9.7B	$8.4B
Operating Margin	25.7%	15.2%	9.3%	10.7%	10.2%
Interest Expense	$337M	$532M	$923M	$790M	$655M
Income Before Tax	$44.1B	$20.2B	$13.6B	$10.0B	$10.4B
Tax Expense	$9.9B	$3.9B	$2.8B	$2.4B	$2.6B
Net Income	$33.3B	$15.9B	$10.4B	$7.7B	$8.1B
Net Margin	19.8%	12.0%	7.4%	8.5%	9.9%
EPS (Diluted)	$6.28	$2.96	$1.97	$1.46	$1.54
EBITDA	$45.7B	$24.5B	$19.3B	$17.0B	$16.9B
Shares Outstanding	5.30B	5.10B	5.10B	5.10B	5.28B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$22.6B	$22.9B	$19.1B	$22.2B	$20.0B	$21.2B	$17.1B	$19.9B
Cost of Revenue	$17.9B	$16.4B	$14.7B	$16.2B	$15.5B	$16.5B	$13.4B	$16.7B
Gross Profit	$4.7B	$6.4B	$4.4B	$6.0B	$4.5B	$4.8B	$3.6B	$3.2B
Gross Margin	20.8%	28.1%	22.9%	27.2%	22.4%	22.5%	21.3%	15.9%
R&D Expenses	$335M	$413M	$175M	$144M	$170M	$369M	$81M	$0
SG&A Expenses	$2.4B	$2.4B	$2.1B	$2.3B	$2.3B	$2.4B	$1.9B	-$191M
Operating Expenses	$2.3B	$3.1B	$2.2B	$2.5B	$2.7B	$3.6B	$2.2B	$2.3B
Operating Income	$2.4B	$3.3B	$2.2B	$3.6B	$1.8B	$1.2B	$1.4B	$815M
Operating Margin	10.5%	14.5%	11.4%	16.1%	9.2%	5.6%	8.4%	4.1%
Interest Expense	$173M	-$63M	$165M	$167M	$144M	$174M	$135M	$167M
Income Before Tax	$2.4B	$3.2B	$2.3B	$3.5B	$2.6B	$2.0B	$1.9B	$1.4B
Tax Expense	$554M	$809M	$540M	$901M	$589M	$525M	$437M	$364M
Net Income	$1.9B	$2.5B	$1.8B	$2.6B	$1.9B	$1.8B	$1.5B	$1.1B
Net Margin	8.3%	10.9%	9.5%	11.5%	9.7%	8.5%	8.6%	5.3%
EPS (Diluted)	$0.36	$0.49	$0.34	$0.48	$0.37	$0.34	$0.28	$0.20
EBITDA	$3.7B	$5.2B	$4.0B	$5.4B	$2.7B	$4.2B	$2.0B	$815M
Shares Outstanding	5.10B	5.10B	5.10B	5.28B	5.28B	5.28B	5.28B	5.28B

600585.SS SHH