Also trades as: 0981.HK (HKSE) · $vol 825M

¥111.99 ($16.70)

-5.52 (-4.70%)

SHH · Technology · Semiconductors · Tech Score Sell · Power 30 · ¥645.2B mcap · 3.70B float · 1.89% daily turnover

Analysis Technicals Weather Peers

Revenue

$9.6B +19.9% ▲

5Y CAGR: +19.8%

Gross Profit

$1.8B +27.6% ▲

5Y CAGR: +14.9%

Operating Income

$1.2B +150.5% ▲

5Y CAGR: +30.6%

Net Income

$1000M +102.9% ▲

5Y CAGR: +6.9%

EPS (Diluted)

$0.09 +50.2% ▲

5Y CAGR: -3.9%

EBITDA

$1.2B -72.6% ▼

5Y CAGR: +0.4%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$5.4B	$7.3B	$6.3B	$8.0B	$9.6B
YoY Growth	+39.3%	+33.6%	-13.1%	+27.0%	+19.9%
Cost of Revenue	$3.8B	$4.5B	$5.1B	$6.6B	$7.8B
Gross Profit	$1.7B	$2.8B	$1.2B	$1.4B	$1.8B
Gross Margin	30.8%	38.0%	19.3%	18.0%	19.2%
R&D Expenses	$942M	$1.0B	$707M	$765M	$0
SG&A Expenses	$303M	$528M	$518M	$620M	$0
Operating Expenses	$283M	$926M	$860M	$974M	$1.2B
Operating Income	$1.4B	$1.8B	$358M	$474M	$1.2B
Operating Margin	25.6%	25.2%	5.7%	5.9%	12.3%
Interest Expense	$110M	$126M	$209M	$297M	$383M
Income Before Tax	$1.8B	$2.2B	$1.2B	$860M	$1.1B
Tax Expense	$65M	$16M	$63M	$130M	$82M
Net Income	$1.7B	$1.8B	$903M	$493M	$1000M
Net Margin	31.3%	25.0%	14.3%	6.1%	10.4%
EPS (Diluted)	$0.21	$0.23	$0.11	$0.06	$0.09
EBITDA	$2.5B	$3.8B	$2.7B	$3.5B	$1.2B
Shares Outstanding	7.93B	7.94B	7.96B	7.98B	11.15B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$2.2B	$2.2B	$2.2B	$2.2B	$2.4B	$2.5B	$2.6B	$3.0B
Cost of Revenue	$1.7B	$1.7B	$1.7B	$1.8B	$1.9B	$2.2B	$2.0B	$2.2B
Gross Profit	$444M	$499M	$506M	$450M	$523M	$389M	$550M	$761M
Gross Margin	20.5%	22.6%	22.5%	20.4%	22.0%	15.3%	21.5%	25.3%
R&D Expenses	$179M	$217M	$149M	$182M	$203M	$217M	$189M	$209M
SG&A Expenses	$146M	$179M	$161M	$202M	$53M	$115M	$112M	$134M
Operating Expenses	$274M	$285M	$196M	$299M	$172M	$302M	$352M	$226M
Operating Income	$170M	$214M	$310M	$151M	$351M	$87M	$198M	$534M
Operating Margin	7.8%	9.7%	13.8%	6.8%	14.7%	3.4%	7.7%	17.8%
Interest Expense	$83M	$75M	$0	$0	$97M	$110M	$93M	$0
Income Before Tax	$243M	$355M	$349M	$160M	$337M	$229M	$256M	$810M
Tax Expense	$20M	$84M	$26M	$14M	$22M	$23M	$25M	$77M
Net Income	$149M	$108M	$188M	$132M	$192M	$175M	$198M	$479M
Net Margin	6.9%	4.9%	8.4%	6.0%	8.1%	6.9%	7.7%	15.9%
EPS (Diluted)	$0.02	$0.01	$0.17	$0.02	$0.02	$0.02	$0.02	$0.06
EBITDA	$1.0B	$855M	$1.2B	$991M	$1.4B	$1.4B	$349M	$1.7B
Shares Outstanding	7.98B	8.00B	8.01B	8.01B	8.01B	8.15B	8.00B	8.07B

688981.SS SHH