Also trades as: 2038.HK (HKSE) · $vol 2M · FXCNY (OTC) · $vol 0M

$3.00

+0.00 (+0.00%)

OTC · Technology · Consumer Electronics · Tech Score Sell · Power 37 · $2.3B mcap · 267M float · 0.0000% daily turnover · Short 80% of daily vol

Revenue

$6.7B +16.9% ▲

5Y CAGR: -5.7%

Gross Profit

$203M +50.5% ▲

5Y CAGR: +16.3%

Operating Income

$55M +547.4% ▲

Net Income

$53M +359.7% ▲

EPS (Diluted)

$0.07 +2665.4% ▲

EBITDA

$86M -57.1% ▼

5Y CAGR: +7.5%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$8.6B	$9.4B	$6.4B	$5.7B	$6.7B
YoY Growth	-3.9%	+9.5%	-31.4%	-11.5%	+16.9%
Cost of Revenue	$8.4B	$9.2B	$6.3B	$5.6B	$6.5B
Gross Profit	$224M	$192M	$110M	$135M	$203M
Gross Margin	2.6%	2.0%	1.7%	2.4%	3.0%
R&D Expenses	$106M	$74M	$57M	$50M	$77M
SG&A Expenses	$187M	$189M	$162M	$92M	$57M
Operating Expenses	$245M	$232M	$183M	$126M	$148M
Operating Income	$67M	$55M	-$73M	$8M	$55M
Operating Margin	0.8%	0.6%	-1.1%	0.1%	0.8%
Interest Expense	$9M	$30M	$61M	$58M	$25M
Income Before Tax	$70M	-$60M	-$100M	$194K	$83M
Tax Expense	$14M	$12M	$21M	$26M	$28M
Net Income	$56M	-$72M	-$121M	-$20M	$53M
Net Margin	0.7%	-0.8%	-1.9%	-0.4%	0.8%
EPS (Diluted)	$0.01	$-0.01	$-0.02	$-0.00	$0.07
EBITDA	$268M	$135M	$108M	$200M	$86M
Shares Outstanding	8.05B	7.96B	7.91B	7.89B	791M

Line Item	FY2022 Q2	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q4	FY2026 Q2
Revenue	$4.1B	$5.3B	$2.7B	$3.8B	$1.9B	$3.8B	$4.6B	$2.3B
Cost of Revenue	$4.0B	$5.2B	$2.6B	$3.7B	$1.9B	$3.7B	$4.5B	$2.2B
Gross Profit	$79M	$108M	$37M	$69M	$29M	$105M	$129M	$91M
Gross Margin	1.9%	2.0%	1.4%	1.8%	1.5%	2.8%	2.8%	4.0%
R&D Expenses	$35M	$34M	$24M	$29M	$24M	$25M	$47M	$41M
SG&A Expenses	$95M	$174M	$147M	$150M	$51M	$51M	$20M	$32M
Operating Expenses	$130M	$208M	$171M	$179M	$75M	$77M	$80M	$73M
Operating Income	-$51M	-$100M	-$133M	-$110M	-$46M	$29M	$49M	$18M
Operating Margin	-1.2%	-1.9%	-5.0%	-2.9%	-2.4%	0.7%	1.1%	0.8%
Interest Expense	$7M	$22M	$24M	$37M	$30M	$27M	$12M	$6M
Income Before Tax	-$10M	-$43M	-$24M	-$55M	-$29M	$33M	$60M	$18M
Tax Expense	$5M	$8M	$20M	$636K	$2M	$23M	$12M	$6M
Net Income	-$24M	-$48M	-$50M	-$71M	-$32M	$11M	$47M	$9M
Net Margin	-0.6%	-0.9%	-1.9%	-1.9%	-1.7%	0.3%	1.0%	0.4%
EPS (Diluted)	$-0.00	$-0.01	$-0.01	$-0.01	$-0.00	$0.00	$0.06	$0.01
EBITDA	-$15M	-$8M	-$48M	-$2M	-$31M	$82M	$65M	$30M
Shares Outstanding	7.98B	7.95B	7.92B	7.91B	7.89B	7.88B	788M	799M

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