Also trades as: 1818.HK (HKSE) · $vol 46M

$2.55

+0.00 (+0.00%)

OTC · Basic Materials · Gold · Tech Score Neutral · Power 64 · $9.0B mcap · 1.65B float · 0.0000% daily turnover · Short 59% of daily vol

Revenue

$17.6B +52.3% ▲

5Y CAGR: +18.1%

Gross Profit

$7.4B +63.1% ▲

5Y CAGR: +15.3%

Operating Income

$5.6B +86.1% ▲

5Y CAGR: +22.5%

Net Income

$3.5B +142.7% ▲

5Y CAGR: +27.3%

EPS (Diluted)

$0.98 +180.0% ▲

5Y CAGR: +25.1%

EBITDA

$7.4B +83.5% ▲

5Y CAGR: +20.6%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$6.9B	$7.9B	$8.4B	$11.6B	$17.6B
YoY Growth	-10.3%	+15.0%	+6.8%	+37.1%	+52.3%
Cost of Revenue	$4.2B	$5.2B	$5.2B	$7.0B	$10.2B
Gross Profit	$2.7B	$2.7B	$3.2B	$4.5B	$7.4B
Gross Margin	39.2%	33.7%	38.5%	39.1%	41.9%
R&D Expenses	$928K	$928K	$0	$151K	$0
SG&A Expenses	$1.5B	$1.3B	$1.3B	$1.5B	$1.7B
Operating Expenses	$1.5B	$1.3B	$1.3B	$1.5B	$1.7B
Operating Income	$1.1B	$1.2B	$1.9B	$3.0B	$5.6B
Operating Margin	15.9%	15.0%	22.5%	26.3%	32.1%
Interest Expense	$608M	$504M	$575M	$449M	$489M
Income Before Tax	$282M	$739M	$1.1B	$2.2B	$5.4B
Tax Expense	$91M	$179M	$288M	$378M	$1.1B
Net Income	$34M	$402M	$686M	$1.5B	$3.5B
Net Margin	0.5%	5.1%	8.1%	12.6%	20.0%
EPS (Diluted)	$0.01	$0.12	$0.21	$0.35	$0.98
EBITDA	$1.7B	$2.2B	$2.7B	$4.0B	$7.4B
Shares Outstanding	3.27B	3.27B	3.27B	3.36B	3.51B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$4.3B	$3.4B	$5.0B	$4.0B	$6.9B	$7.9B	$10.9B	$8.9B
Cost of Revenue	$3.1B	$2.1B	$2.6B	$2.3B	$4.4B	$4.8B	$6.5B	$4.6B
Gross Profit	$1.2B	$1.3B	$1.5B	$1.7B	$2.6B	$3.0B	$4.4B	$4.3B
Gross Margin	28.1%	37.9%	30.6%	42.1%	36.9%	38.6%	40.8%	48.2%
R&D Expenses	$928K	$58M	$928K	$123M	$151K	$76M	$0	$0
SG&A Expenses	$649M	$606M	$727M	$515M	$825M	$810M	$1.0B	$922M
Operating Expenses	$709M	$692M	$728M	$916M	$825M	$5.0B	$1.0B	$922M
Operating Income	$377M	$635M	$1.3B	$752M	$1.7B	-$2.0B	$3.4B	$3.4B
Operating Margin	8.7%	18.4%	25.7%	19.0%	25.0%	-25.5%	31.5%	37.8%
Interest Expense	$284M	$704M	$0	$0	$0	$371M	$245M	$198M
Income Before Tax	$420M	$451M	$676M	$718M	$1.3B	$2.5B	$3.3B	$2.7B
Tax Expense	$74M	$86M	$202M	$160M	$151M	$626M	$646M	$637M
Net Income	$294M	$137M	$642M	$443M	$898M	$1.6B	$2.1B	$1.6B
Net Margin	6.8%	4.0%	12.9%	11.2%	13.0%	19.9%	19.6%	17.5%
EPS (Diluted)	$0.09	$0.04	$0.20	$0.14	$0.22	$0.42	$0.60	$0.44
EBITDA	$862M	$838M	$840M	$0	$2.6B	$1.4B	$4.4B	$3.4B
Shares Outstanding	3.13B	3.27B	3.12B	3.16B	3.40B	3.08B	3.54B	3.54B

ZHAOF OTC