Also trades as: 0168.HK (HKSE) · $vol 17M · TSGTF (OTC) · $vol 0M · TSGTY (OTC) · $vol 0M

¥50.02 ($7.46)

+0.50 (+1.01%)

SHH · Consumer Defensive · Beverages - Alcoholic · Tech Score Strong Sell · Power 34 · ¥68.2B mcap · 543M float · 1.09% daily turnover

Revenue

$30.3B -5.7% ▼

5Y CAGR: +1.8%

Gross Profit

$11.1B -13.9% ▼

5Y CAGR: +2.6%

Operating Income

$5.2B -11.7% ▼

5Y CAGR: +9.7%

Net Income

$4.6B +5.6% ▲

5Y CAGR: +15.8%

EPS (Diluted)

$3.36 +5.3% ▲

5Y CAGR: +15.6%

EBITDA

$6.5B +16.6% ▲

5Y CAGR: +13.9%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$30.2B	$32.2B	$33.9B	$32.1B	$30.3B
YoY Growth	+8.7%	+6.6%	+5.5%	-5.3%	-5.7%
Cost of Revenue	$19.2B	$20.4B	$20.9B	$19.3B	$19.2B
Gross Profit	$11.0B	$11.8B	$13.0B	$12.8B	$11.1B
Gross Margin	36.4%	36.6%	38.4%	40.0%	36.5%
R&D Expenses	$31M	$63M	$101M	$103M	$0
SG&A Expenses	$2.9B	$2.0B	$3.2B	$3.0B	$0
Operating Expenses	$6.5B	$6.8B	$7.3B	$7.0B	$5.9B
Operating Income	$4.5B	$5.0B	$5.7B	$5.8B	$5.2B
Operating Margin	14.8%	15.5%	16.9%	18.2%	17.0%
Interest Expense	$33M	$21M	$19M	$25M	$14M
Income Before Tax	$4.5B	$5.0B	$5.7B	$5.9B	$6.3B
Tax Expense	$1.2B	$1.2B	$1.4B	$1.4B	$1.6B
Net Income	$3.2B	$3.7B	$4.3B	$4.3B	$4.6B
Net Margin	10.5%	11.5%	12.6%	13.5%	15.1%
EPS (Diluted)	$2.32	$1.56	$1.80	$3.19	$3.36
EBITDA	$3.9B	$4.7B	$5.4B	$5.5B	$6.5B
Shares Outstanding	1.36B	2.37B	2.37B	2.37B	1.36B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$8.9B	$3.2B	$10.4B	$10.0B	$8.9B	$3.1B	$10.3B	$9.4B
Cost of Revenue	$5.1B	$2.4B	$6.1B	$5.5B	$5.0B	$2.4B	$5.9B	$5.0B
Gross Profit	$3.8B	$751M	$4.3B	$4.6B	$3.9B	$678M	$4.4B	$4.3B
Gross Margin	42.4%	23.6%	41.6%	45.5%	43.6%	21.8%	42.7%	46.2%
R&D Expenses	$27M	$46M	$18M	$26M	$35M	$40M	$20M	$28M
SG&A Expenses	$3.3B	-$1.4B	$1.6B	-$288M	$1.5B	-$2.3B	$1.5B	-$820M
Operating Expenses	$2.0B	$1.6B	$2.0B	$1.6B	$2.2B	$1.9B	$2.2B	$1.7B
Operating Income	$1.8B	-$885M	$2.3B	$2.9B	$1.7B	-$1.2B	$2.2B	$2.6B
Operating Margin	20.4%	-27.8%	22.0%	29.3%	19.0%	-38.0%	21.3%	27.7%
Interest Expense	$5M	$6M	$2M	$3M	$3M	$4M	$4M	$5M
Income Before Tax	$1.8B	-$849M	$2.3B	$3.0B	$1.9B	-$883M	$2.5B	$2.9B
Tax Expense	$412M	-$211M	$569M	$720M	$482M	-$198M	$618M	$771M
Net Income	$1.3B	-$645M	$1.7B	$2.2B	$1.4B	-$686M	$1.8B	$2.1B
Net Margin	15.2%	-20.3%	16.4%	21.8%	15.4%	-22.1%	17.5%	22.6%
EPS (Diluted)	$0.57	$-0.27	$1.25	$1.61	$1.00	$-0.50	$1.32	$1.55
EBITDA	$2.2B	-$1.3B	$2.4B	$2.8B	$1.9B	-$552M	$2.5B	$2.9B
Shares Outstanding	2.37B	2.37B	2.37B	1.36B	1.36B	1.36B	1.36B	1.36B

600600.SS SHH