Also trades as: 2880.HK (HKSE) · $vol 0M · DLPTF (OTC) · $vol 0M

¥1.47 ($0.22)

+0.02 (+1.38%)

SHH · Industrials · Marine Shipping · Tech Score Neutral · Power 48 · ¥27.1B mcap · 5.12B float · 1.77% daily turnover

Revenue

$11.3B +2.5% ▲

5Y CAGR: -1.3%

Gross Profit

$3.2B +34.1% ▲

5Y CAGR: -5.6%

Operating Income

$2.4B +33.7% ▲

5Y CAGR: -3.4%

Net Income

$1.3B +14.2% ▲

5Y CAGR: -8.6%

EPS (Diluted)

$0.06 +16.1% ▲

5Y CAGR: -9.4%

EBITDA

$4.9B +13.8% ▲

5Y CAGR: -0.8%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$12.3B	$12.2B	$12.2B	$11.1B	$11.3B
YoY Growth	+1.8%	-1.5%	+0.4%	-9.4%	+2.5%
Cost of Revenue	$8.5B	$9.0B	$8.8B	$8.7B	$8.2B
Gross Profit	$3.8B	$3.2B	$3.4B	$2.4B	$3.2B
Gross Margin	31.0%	26.1%	27.7%	21.5%	28.1%
R&D Expenses	$9M	$53M	$39M	$20M	$25M
SG&A Expenses	$896M	$940M	$738M	$826M	$630M
Operating Expenses	$964M	$1.3B	$1.4B	$575M	$779M
Operating Income	$2.9B	$1.9B	$2.0B	$1.8B	$2.4B
Operating Margin	23.2%	15.7%	16.4%	16.3%	21.2%
Interest Expense	$633M	$543M	$501M	$447M	$440M
Income Before Tax	$2.7B	$1.9B	$2.0B	$1.8B	$2.2B
Tax Expense	$576M	$467M	$528M	$443M	$570M
Net Income	$1.9B	$1.3B	$1.3B	$1.1B	$1.3B
Net Margin	15.5%	10.8%	11.0%	10.3%	11.5%
EPS (Diluted)	$0.08	$0.05	$0.06	$0.05	$0.06
EBITDA	$4.8B	$4.2B	$4.5B	$4.0B	$4.9B
Shares Outstanding	23.95B	23.99B	23.99B	23.91B	23.57B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$2.6B	$3.1B	$2.5B	$3.2B	$2.7B	$2.9B	$2.6B	$2.7B
Cost of Revenue	$1.9B	$2.6B	$1.9B	$1.9B	$1.9B	$2.3B	$1.8B	$1.9B
Gross Profit	$637M	$502M	$578M	$1.2B	$835M	$613M	$763M	$848M
Gross Margin	24.7%	16.1%	22.9%	38.4%	30.5%	20.9%	29.3%	30.9%
R&D Expenses	$7M	$4M	$388K	$4M	$9M	$11M	$3M	$6M
SG&A Expenses	$168M	$301M	$170M	$157M	$179M	-$372M	$162M	-$114M
Operating Expenses	-$24M	$111M	$250M	$103M	$240M	$320M	$207M	$117M
Operating Income	$660M	$391M	$327M	$1.1B	$595M	$293M	$556M	$731M
Operating Margin	25.6%	12.5%	13.0%	35.2%	21.8%	10.0%	21.3%	26.7%
Interest Expense	$96M	$129M	$121M	$116M	$103M	$100M	$97M	$97M
Income Before Tax	$661M	$381M	$332M	$1.1B	$598M	$131M	$556M	$764M
Tax Expense	$109M	$123M	$96M	$267M	$167M	$40M	$135M	$156M
Net Income	$492M	$198M	$204M	$752M	$344M	$7M	$359M	$526M
Net Margin	19.1%	6.4%	8.1%	23.7%	12.6%	0.2%	13.8%	19.2%
EPS (Diluted)	$0.02	$0.01	$0.01	$0.03	$0.01	$0.00	$0.02	$0.02
EBITDA	$1.1B	$1.0B	$915M	$1.7B	$1.2B	$852M	$653M	$1.3B
Shares Outstanding	23.91B	23.91B	20.42B	23.57B	23.81B	23.57B	17.96B	23.57B

601880.SS SHH