Also trades as: 6869.HK (HKSE) · $vol 619M · YZOFF (OTC) · $vol 0M

¥411.16 ($61.31)

+3.21 (+0.79%)

SHH · Technology · Communication Equipment · Tech Score Neutral · Power 52 · ¥319.5B mcap · 170M float · 8.72% daily turnover

Revenue

$14.3B +16.8% ▲

5Y CAGR: +11.6%

Gross Profit

$4.0B +25.7% ▲

5Y CAGR: +20.1%

Operating Income

$1.3B +233.5% ▲

5Y CAGR: +17.7%

Net Income

$814M +20.4% ▲

5Y CAGR: +8.4%

EPS (Diluted)

$1.07 +20.2% ▲

5Y CAGR: +8.2%

EBITDA

$1.3B -17.5% ▼

5Y CAGR: +12.2%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$9.5B	$13.8B	$13.4B	$12.2B	$14.3B
YoY Growth	+16.0%	+45.0%	-3.5%	-8.7%	+16.8%
Cost of Revenue	$7.7B	$10.7B	$10.2B	$9.0B	$10.3B
Gross Profit	$1.8B	$3.2B	$3.1B	$3.2B	$4.0B
Gross Margin	18.9%	22.8%	23.5%	26.0%	27.9%
R&D Expenses	$473M	$784M	$775M	$787M	$0
SG&A Expenses	$862M	$1.2B	$1.5B	$1.5B	$1.6B
Operating Expenses	$1.1B	$2.0B	$1.9B	$2.8B	$2.7B
Operating Income	$718M	$1.2B	$1.2B	$393M	$1.3B
Operating Margin	7.5%	8.5%	9.1%	3.2%	9.2%
Interest Expense	$106M	$204M	$229M	$268M	$293M
Income Before Tax	$748M	$1.2B	$1.2B	$593M	$1.1B
Tax Expense	$27M	-$9M	$39M	$12M	$263M
Net Income	$709M	$1.2B	$1.3B	$676M	$814M
Net Margin	7.4%	8.4%	9.7%	5.5%	5.7%
EPS (Diluted)	$0.94	$1.54	$1.71	$0.89	$1.07
EBITDA	$741M	$1.6B	$1.5B	$1.6B	$1.3B
Shares Outstanding	756M	756M	758M	758M	761M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$3.3B	$3.5B	$2.9B	$3.5B	$3.9B	$4.0B	$3.7B	$6.1B
Cost of Revenue	$2.4B	$2.8B	$2.1B	$2.6B	$2.7B	$2.7B	$2.2B	$2.5B
Gross Profit	$974M	$748M	$806M	$930M	$1.2B	$1.3B	$1.5B	$3.6B
Gross Margin	29.1%	21.4%	27.8%	26.6%	29.7%	33.1%	41.5%	58.8%
R&D Expenses	$220M	$228M	$176M	$210M	$221M	$0	$205M	$271M
SG&A Expenses	$412M	$370M	$382M	$379M	$491M	$442M	$506M	$596M
Operating Expenses	$764M	$729M	$687M	$736M	$780M	$787M	$759M	$973M
Operating Income	$211M	$19M	$119M	$194M	$375M	$528M	$775M	$2.6B
Operating Margin	6.3%	0.6%	4.1%	5.6%	9.6%	13.3%	21.0%	42.9%
Interest Expense	$61M	$67M	$63M	$61M	$63M	$84M	$64M	$65M
Income Before Tax	$211M	$35M	$184M	$202M	$289M	$470M	$703M	$3.1B
Tax Expense	$19M	-$26M	$7M	$33M	$95M	$128M	$117M	$500M
Net Income	$195M	$103M	$152M	$144M	$174M	$344M	$495M	$3.2B
Net Margin	5.8%	2.9%	5.2%	4.1%	4.5%	8.7%	13.4%	52.6%
EPS (Diluted)	$0.26	$0.14	$0.20	$0.19	$0.23	$0.45	$0.60	$2.95
EBITDA	$660M	$230M	$444M	$441M	$436M	$859M	$766M	$2.9B
Shares Outstanding	758M	758M	758M	758M	752M	773M	825M	822M

601869.SS SHH