Also trades as: 0991.HK (HKSE) · $vol 28M · DIPGF (OTC) · $vol 0M

¥5.31 ($0.79)

+0.06 (+1.14%)

SHH · Utilities · Independent Power Producers · Tech Score Sell · Power 33 · ¥98.3B mcap · 3.34B float · 16.36% daily turnover

Revenue

$120.8B -2.2% ▼

5Y CAGR: +4.8%

Gross Profit

$22.4B +21.8% ▲

5Y CAGR: +4.9%

Operating Income

$16.8B +87.3% ▲

5Y CAGR: +18.8%

Net Income

$7.4B +63.9% ▲

5Y CAGR: +19.4%

EPS (Diluted)

$0.40 +64.3% ▲

5Y CAGR: +19.5%

EBITDA

$32.9B +21.4% ▲

5Y CAGR: +3.9%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$103.6B	$116.8B	$122.4B	$123.5B	$120.8B
YoY Growth	+8.4%	+12.8%	+4.8%	+0.9%	-2.2%
Cost of Revenue	$104.4B	$108.5B	$108.0B	$105.1B	$98.5B
Gross Profit	-$809M	$8.3B	$14.4B	$18.4B	$22.4B
Gross Margin	-0.8%	7.1%	11.7%	14.9%	18.5%
R&D Expenses	$32M	$25M	$27M	$25M	$17M
SG&A Expenses	$3.0B	$3.3B	$3.6B	$3.8B	$4.2B
Operating Expenses	$10.5B	$8.5B	$8.8B	$9.4B	$5.6B
Operating Income	-$11.3B	-$180M	$5.6B	$9.0B	$16.8B
Operating Margin	-10.9%	-0.2%	4.6%	7.3%	13.9%
Interest Expense	$6.6B	$6.7B	$5.7B	$5.7B	$4.4B
Income Before Tax	-$11.1B	-$20M	$5.6B	$8.6B	$12.8B
Tax Expense	$627M	$849M	$2.6B	$1.8B	$2.8B
Net Income	-$9.1B	-$408M	$1.4B	$4.5B	$7.4B
Net Margin	-8.8%	-0.3%	1.1%	3.6%	6.1%
EPS (Diluted)	$-0.49	$-0.02	$0.07	$0.24	$0.40
EBITDA	$7.8B	$16.7B	$23.0B	$27.1B	$32.9B
Shares Outstanding	18.51B	18.51B	18.51B	18.51B	18.51B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$32.7B	$32.5B	$30.2B	$27.0B	$32.2B	$31.9B	$30.3B	$27.7B
Cost of Revenue	$28.3B	$27.5B	$25.1B	$21.4B	$25.4B	$26.2B	$24.3B	$22.9B
Gross Profit	$4.3B	$5.0B	$5.1B	$5.5B	$6.7B	$5.7B	$6.0B	$4.8B
Gross Margin	13.3%	15.5%	16.8%	20.5%	20.9%	17.9%	19.7%	17.4%
R&D Expenses	$3M	$19M	$972K	$2M	$3M	$11M	$277K	$1M
SG&A Expenses	$901M	$2.2B	$490M	$250M	$368M	$2.7B	$546M	$455M
Operating Expenses	$1.6B	$4.1B	$1.8B	$1.5B	$2.1B	$2.6B	$913M	$457M
Operating Income	$2.7B	$878M	$3.2B	$4.0B	$4.6B	$3.1B	$5.0B	$4.4B
Operating Margin	8.3%	2.7%	10.7%	15.0%	14.5%	9.7%	16.6%	15.7%
Interest Expense	$1.4B	$1.6B	$1.1B	$1.1B	$1.1B	$1.1B	$1.0B	$1.0B
Income Before Tax	$2.7B	$541M	$3.3B	$4.0B	$4.2B	$1.4B	$4.1B	$4.2B
Tax Expense	$583M	$118M	$508M	$708M	$810M	$798M	$698M	$853M
Net Income	$1.3B	$77M	$2.2B	$2.3B	$2.1B	$674M	$2.9B	$2.6B
Net Margin	4.0%	0.2%	7.4%	8.7%	6.6%	2.1%	9.6%	9.4%
EPS (Diluted)	$0.07	$0.00	$0.12	$0.13	$0.12	$0.04	$0.14	$0.14
EBITDA	$6.9B	$5.3B	$7.9B	$8.4B	$4.5B	$6.7B	$5.2B	$8.5B
Shares Outstanding	18.51B	18.51B	18.51B	18.51B	18.51B	18.51B	20.55B	18.51B

601991.SS SHH