Also trades as: 0045.HK (HKSE) · $vol 0M · HKSHY (OTC) · $vol 0M

$0.80

+0.00 (+0.00%)

OTC · Consumer Cyclical · Travel Lodging · Tech Score Sell · Power 42 · $1.3B mcap · 285M float · 0.0000% daily turnover · Short 75% of daily vol

Revenue

$8.0B -22.5% ▼

5Y CAGR: +24.1%

Gross Profit

$3.4B -13.5% ▼

5Y CAGR: +6.5%

Operating Income

$961M +26.4% ▲

Net Income

$320M +133.9% ▲

EPS (Diluted)

$0.19 +133.3% ▲

EBITDA

$1.7B +121.2% ▲

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$3.5B	$4.2B	$8.1B	$10.3B	$8.0B
YoY Growth	+27.7%	+21.3%	+93.2%	+26.8%	-22.5%
Cost of Revenue	$310M	$352M	$5.4B	$6.3B	$4.6B
Gross Profit	$3.2B	$3.8B	$2.7B	$3.9B	$3.4B
Gross Margin	91.0%	91.6%	33.6%	38.3%	42.8%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$1.2B	$1.5B	$251M	$314M	$2.5B
Operating Expenses	$3.3B	$3.9B	$2.1B	$3.2B	$2.5B
Operating Income	-$105M	-$53M	$578M	$760M	$961M
Operating Margin	-3.0%	-1.3%	7.1%	7.4%	12.0%
Interest Expense	$91M	$183M	$424M	$900M	$693M
Income Before Tax	-$282M	-$468M	$287M	-$829M	$498M
Tax Expense	$37M	$17M	$139M	$164M	$183M
Net Income	-$120M	-$488M	$146M	-$943M	$320M
Net Margin	-3.5%	-11.6%	1.8%	-9.2%	4.0%
EPS (Diluted)	$-0.07	$-0.30	$0.09	$-0.57	$0.19
EBITDA	$308M	$167M	$1.1B	$757M	$1.7B
Shares Outstanding	1.65B	1.65B	1.65B	1.66B	1.67B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$2.5B	$2.4B	$5.7B	$4.6B	$5.7B	$3.3B	$4.7B	$3.9B
Cost of Revenue	$1.6B	$1.5B	$4.0B	$3.2B	$3.1B	$1.9B	$2.6B	$2.4B
Gross Profit	$960M	$981M	$1.7B	$1.4B	$2.6B	$1.4B	$2.1B	$1.5B
Gross Margin	37.9%	40.1%	30.2%	29.9%	45.2%	42.9%	45.1%	38.7%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$848M	$852M	$1.3B	$0	$314M	$0	$1.4B	$1.1B
Operating Expenses	$848M	$852M	$1.3B	$1.2B	$2.0B	$1.1B	$1.4B	$1.1B
Operating Income	$112M	$129M	$449M	$209M	$551M	$285M	$676M	$418M
Operating Margin	4.4%	5.3%	7.9%	4.5%	9.7%	8.7%	14.4%	10.6%
Interest Expense	$282M	$391M	$179M	$384M	$516M	$403M	$324M	$367M
Income Before Tax	-$575M	$143M	$144M	-$380M	-$449M	-$202M	$700M	$132M
Tax Expense	$27M	$48M	$91M	$68M	$96M	$87M	$96M	$110M
Net Income	-$622M	$94M	$52M	-$448M	-$495M	-$289M	$604M	$23M
Net Margin	-24.5%	3.8%	0.9%	-9.7%	-8.7%	-8.8%	12.9%	0.6%
EPS (Diluted)	$-0.38	$0.06	$0.03	$-0.27	$-0.30	$-0.17	$0.37	$0.01
EBITDA	$334M	$362M	$712M	$517M	$240M	$618M	$1.0B	$770M
Shares Outstanding	1.65B	1.65B	1.65B	1.65B	1.66B	1.67B	1.67B	1.67B

HKSHF OTC