Also trades as: HNLGY (OTC) · $vol 0M · HNLGF (OTC) · $vol 0M

HK$12.14 ($1.55)

-0.18 (-1.46%)

Weekly Expected Move ±2.5%

HK$12 HK$12 HK$12 HK$12 HK$13

HKSE · Real Estate · Real Estate - Development · Tech Score Sell · Power 43 · HK$16.5B mcap · 838M float · 0.089% daily turnover

Revenue

$10.4B -11.4% ▼

5Y CAGR: +1.7%

Gross Profit

$6.7B -2.0% ▼

5Y CAGR: -0.6%

Operating Income

$6.2B +0.0% ▲

5Y CAGR: -0.6%

Net Income

$1.4B -15.1% ▼

EPS (Diluted)

$1.01 -14.4% ▼

EBITDA

$6.3B +21.1% ▲

5Y CAGR: -0.3%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$10.9B	$10.9B	$11.0B	$11.8B	$10.4B
YoY Growth	+14.4%	+0.0%	+0.7%	+6.8%	-11.4%
Cost of Revenue	$3.1B	$3.3B	$3.1B	$4.9B	$3.7B
Gross Profit	$7.8B	$7.7B	$7.9B	$6.8B	$6.7B
Gross Margin	71.5%	70.2%	72.0%	58.0%	64.2%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$618M	$673M	$680M	$672M	$0
Operating Expenses	$589M	$662M	$675M	$665M	$527M
Operating Income	$7.2B	$7.0B	$7.2B	$6.2B	$6.2B
Operating Margin	66.0%	64.2%	65.8%	52.4%	59.2%
Interest Expense	$430M	$449M	$623M	$846M	$0
Income Before Tax	$7.3B	$6.4B	$6.6B	$4.3B	$4.1B
Tax Expense	$2.2B	$1.6B	$1.7B	$1.4B	$1.7B
Net Income	$2.6B	$2.7B	$2.8B	$1.6B	$1.4B
Net Margin	23.7%	24.9%	25.5%	13.7%	13.2%
EPS (Diluted)	$1.90	$2.00	$2.06	$1.18	$1.01
EBITDA	$7.3B	$7.1B	$7.2B	$5.2B	$6.3B
Shares Outstanding	1.36B	1.36B	1.36B	1.36B	1.36B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$5.3B	$5.5B	$5.4B	$6.4B	$5.4B	$5.2B	$5.2B	$6.3B
Cost of Revenue	$1.6B	$1.5B	$1.6B	$2.8B	$2.2B	$1.8B	$1.9B	$3.0B
Gross Profit	$3.7B	$4.0B	$3.8B	$3.6B	$3.2B	$5.2B	$3.4B	$3.3B
Gross Margin	70.3%	73.0%	70.2%	56.6%	59.7%	100.0%	64.4%	52.6%
R&D Expenses	$38M	$50M	$52M	$0	$0	$0	$0	$0
SG&A Expenses	$353M	$339M	$341M	$346M	$326M	$320M	$357M	$0
Operating Expenses	$2.0B	$1.6B	$2.3B	$339M	$326M	$2.4B	$283M	$249M
Operating Income	$3.4B	$3.7B	$3.1B	$3.3B	$2.9B	$2.9B	$3.3B	$3.1B
Operating Margin	63.7%	66.9%	58.2%	51.2%	53.7%	54.7%	63.3%	48.6%
Interest Expense	$793M	$897M	$1.1B	$0	$0	$0	$0	$578M
Income Before Tax	$3.0B	$3.7B	$2.8B	$2.3B	$2.0B	$2.4B	$1.7B	$2.1B
Tax Expense	$774M	$847M	$812M	$756M	$660M	$1.1B	$595M	$894M
Net Income	$1.3B	$1.7B	$1.1B	$888M	$725M	$697M	$673M	$746M
Net Margin	24.0%	30.4%	21.1%	13.9%	13.5%	13.3%	12.9%	11.8%
EPS (Diluted)	$0.94	$1.24	$0.83	$0.65	$0.53	$0.51	$0.50	$0.55
EBITDA	$3.4B	$3.7B	$3.5B	$2.3B	$3.0B	$3.2B	$3.1B	$2.8B
Shares Outstanding	1.36B	1.36B	1.36B	1.36B	1.36B	1.36B	1.36B	1.36B

0010.HK HKSE