Also trades as: 0588.HK (HKSE) · $vol 1M · BEIJF (OTC) · $vol 0M

¥1.83 ($0.27)

+0.02 (+1.10%)

SHH · Real Estate · Real Estate - Development · Tech Score Buy · Power 58 · ¥4.9B mcap · 1.30B float · 3.64% daily turnover

Revenue

$7.2B -54.6% ▼

5Y CAGR: -18.7%

Gross Profit

$1.9B -56.7% ▼

5Y CAGR: -23.7%

Operating Income

-$3.2B -965.6% ▼

Net Income

-$2.8B -4254.1% ▼

EPS (Diluted)

$-0.84 -4258.4% ▼

EBITDA

-$1.9B -207.7% ▼

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$18.0B	$22.1B	$13.0B	$15.8B	$7.2B
YoY Growth	-10.6%	+22.8%	-41.2%	+21.3%	-54.6%
Cost of Revenue	$13.7B	$17.6B	$10.3B	$11.4B	$5.3B
Gross Profit	$4.3B	$4.5B	$2.7B	$4.3B	$1.9B
Gross Margin	24.0%	20.5%	20.5%	27.4%	26.1%
R&D Expenses	$0	$0	$0	$0	$13M
SG&A Expenses	$759M	$823M	$642M	$487M	$396M
Operating Expenses	$2.2B	$2.7B	$2.2B	$3.9B	$5.1B
Operating Income	$2.5B	$2.2B	$667M	$369M	-$3.2B
Operating Margin	14.0%	9.8%	5.1%	2.3%	-44.7%
Interest Expense	$467M	$689M	$904M	$908M	$1.0B
Income Before Tax	$1.2B	$565M	-$1.4B	$399M	-$3.2B
Tax Expense	$584M	$466M	$215M	$462M	$268M
Net Income	$576M	$99M	-$1.7B	$68M	-$2.8B
Net Margin	3.2%	0.4%	-12.7%	0.4%	-39.5%
EPS (Diluted)	$0.17	$0.03	$-0.49	$0.02	$-0.84
EBITDA	$2.7B	$1.4B	-$334M	$1.8B	-$1.9B
Shares Outstanding	3.37B	3.37B	3.37B	3.37B	3.37B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$1.3B	$2.4B	$1.2B	$1.8B	$1.3B	$1.7B	$1.3B	$1.8B
Cost of Revenue	$908M	$1.9B	$881M	$1.4B	$1.0B	$785M	$828M	$1.6B
Gross Profit	$393M	$482M	$314M	$457M	$231M	$909M	$454M	$204M
Gross Margin	30.2%	19.9%	26.3%	25.0%	18.1%	53.6%	35.4%	11.6%
R&D Expenses	$0	$0	$1M	$898K	$0	$10M	$291K	$0
SG&A Expenses	$646M	-$407M	$268M	-$73M	$0	-$467M	$237M	-$72M
Operating Expenses	$566M	$2.8B	$610M	$1.7B	$647M	$1.5B	$369M	$733M
Operating Income	-$173M	-$2.3B	-$297M	-$1.2B	-$342M	-$690M	$85M	-$529M
Operating Margin	-13.3%	-94.0%	-24.8%	-66.4%	-26.8%	-40.8%	6.7%	-30.0%
Interest Expense	$222M	$379M	$272M	$217M	$307M	$125M	$218M	$190M
Income Before Tax	-$168M	-$2.2B	-$294M	-$1.2B	-$615M	-$804M	-$120M	-$700M
Tax Expense	$36M	$126M	$18M	$184M	$12M	$90M	$40M	$79M
Net Income	-$190M	-$1.9B	-$295M	-$1.3B	-$588M	-$814M	-$151M	-$729M
Net Margin	-14.6%	-78.4%	-24.7%	-70.7%	-46.2%	-48.1%	-11.8%	-41.4%
EPS (Diluted)	$-0.06	$-0.56	$-0.09	$-0.38	$-0.17	$-0.24	$-0.04	$-0.22
EBITDA	$54M	-$1.9B	-$22M	-$991M	-$342M	-$679M	$98M	-$388M
Shares Outstanding	3.37B	3.37B	3.28B	3.37B	3.37B	3.36B	3.77B	3.37B

601588.SS SHH