Also trades as: 600808.SS (SHH) · $vol 24M · 0323.HK (HKSE) · $vol 1M

$0.21

+0.00 (+0.00%)

OTC · Basic Materials · Steel · Tech Score Neutral · Power 64 · $2.3B mcap · 3.52B float · 0.0000% daily turnover · Short 100% of daily vol

Revenue

$75.5B -7.7% ▼

5Y CAGR: -1.5%

Gross Profit

$3.7B +572.8% ▲

5Y CAGR: -14.4%

Operating Income

$690M +114.6% ▲

5Y CAGR: -29.4%

Net Income

-$203M +95.6% ▲

EPS (Diluted)

$-0.03 +95.6% ▲

EBITDA

$4.7B +1595.0% ▲

5Y CAGR: -7.5%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$113.9B	$102.2B	$98.9B	$81.8B	$75.5B
YoY Growth	+39.5%	-10.3%	-3.1%	-17.3%	-7.7%
Cost of Revenue	$98.9B	$98.8B	$98.4B	$82.6B	$71.8B
Gross Profit	$14.9B	$3.3B	$558M	-$775M	$3.7B
Gross Margin	13.1%	3.2%	0.6%	-0.9%	4.9%
R&D Expenses	$4.5B	$1.2B	$1.2B	$1.1B	$0
SG&A Expenses	$989M	$1.6B	$546M	$1.2B	$0
Operating Expenses	$6.7B	$3.0B	$2.2B	$3.9B	$3.0B
Operating Income	$7.4B	$967M	-$1.6B	-$4.7B	$690M
Operating Margin	6.5%	0.9%	-1.6%	-5.8%	0.9%
Interest Expense	$654M	$473M	$522M	$594M	$470M
Income Before Tax	$7.0B	-$561M	-$1.6B	-$4.8B	$136M
Tax Expense	$1.0B	$259M	$43M	$154M	$163M
Net Income	$5.3B	-$820M	-$1.3B	-$4.7B	-$203M
Net Margin	4.7%	-0.8%	-1.3%	-5.7%	-0.3%
EPS (Diluted)	$0.69	$-0.11	$-0.17	$-0.61	$-0.03
EBITDA	$10.9B	$2.8B	$2.6B	$276M	$4.7B
Shares Outstanding	7.70B	7.70B	7.70B	7.64B	7.73B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$18.5B	$20.3B	$19.4B	$18.7B	$19.5B	$19.7B	$17.5B	$19.4B
Cost of Revenue	$19.2B	$20.9B	$18.9B	$17.3B	$18.4B	$18.5B	$17.0B	$18.2B
Gross Profit	-$737M	-$561M	$525M	$1.3B	$1.1B	$1.1B	$544M	$1.2B
Gross Margin	-4.0%	-2.8%	2.7%	7.0%	5.6%	5.7%	3.1%	6.1%
R&D Expenses	$271M	$323M	$209M	$341M	$235M	$258M	$129M	$230M
SG&A Expenses	$613M	$315M	$281M	$295M	$325M	-$436M	$303M	-$37M
Operating Expenses	$695M	$1.5B	$600M	$1.1B	$687M	$1.3B	$512M	$967M
Operating Income	-$1.4B	-$2.1B	-$75M	$188M	$412M	-$207M	$32M	$209M
Operating Margin	-7.7%	-10.4%	-0.4%	1.0%	2.1%	-1.1%	0.2%	1.1%
Interest Expense	$151M	$131M	$139M	$147M	$124M	$56M	$88M	$88M
Income Before Tax	-$1.5B	-$2.2B	-$65M	$183M	$366M	-$339M	$119M	-$67K
Tax Expense	$16M	$17M	$42M	$35M	$50M	$39M	$23M	$24M
Net Income	-$1.4B	-$2.1B	-$144M	$69M	$158M	-$288M	$42M	-$112M
Net Margin	-7.5%	-10.5%	-0.7%	0.4%	0.8%	-1.5%	0.2%	-0.6%
EPS (Diluted)	$-0.18	$-0.28	$-0.02	$0.01	$0.02	$-0.04	$0.01	$-0.01
EBITDA	-$1.1B	-$2.1B	$74M	$330M	$454M	$754M	$32M	$1.3B
Shares Outstanding	7.70B	7.64B	7.20B	7.20B	7.70B	7.70B	7.70B	7.70B

MAANF OTC