Also trades as: FRSHY (OTC) · $vol 0M · CJNHF (OTC) · $vol 0M

HK$1.28 ($0.16)

-0.01 (-0.39%)

Weekly Expected Move ±7.6%

HK$1 HK$1 HK$1 HK$1 HK$1

HKSE · Real Estate · Real Estate - Development · Tech Score Neutral · Power 50 · HK$17.4B mcap · 7.07B float · 0.902% daily turnover

Revenue

$58.0B -1.7% ▼

5Y CAGR: -0.7%

Gross Profit

$8.5B -1.5% ▼

5Y CAGR: -6.9%

Operating Income

$4.2B +23.3% ▲

5Y CAGR: -9.7%

Net Income

$1.2B +14.6% ▲

5Y CAGR: -20.7%

EPS (Diluted)

$0.04 -17.7% ▼

5Y CAGR: -33.2%

EBITDA

$7.8B +96.4% ▲

5Y CAGR: +4.9%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$90.1B	$83.0B	$72.4B	$59.1B	$58.0B
YoY Growth	+50.0%	-7.8%	-12.8%	-18.4%	-1.7%
Cost of Revenue	$73.3B	$69.8B	$63.4B	$50.5B	$49.6B
Gross Profit	$16.8B	$13.1B	$9.0B	$8.6B	$8.5B
Gross Margin	18.6%	15.8%	12.5%	14.6%	14.6%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$7.1B	$6.9B	$6.8B	$5.2B	$0
Operating Expenses	$7.1B	$6.9B	$6.8B	$5.2B	$4.3B
Operating Income	$9.7B	$6.2B	$2.2B	$3.4B	$4.2B
Operating Margin	10.8%	7.5%	3.0%	5.7%	7.2%
Interest Expense	$2.8B	$2.7B	$3.0B	$2.5B	$2.2B
Income Before Tax	$12.7B	$9.8B	-$2.8B	$4.4B	$4.8B
Tax Expense	$5.0B	$4.5B	$2.0B	$2.2B	$2.7B
Net Income	$4.7B	$2.0B	-$6.9B	$1.1B	$1.2B
Net Margin	5.2%	2.4%	-9.5%	1.8%	2.1%
EPS (Diluted)	$0.37	$0.16	$-0.52	$0.05	$0.04
EBITDA	$10.0B	$6.7B	$2.8B	$4.0B	$7.8B
Shares Outstanding	12.71B	12.75B	13.36B	13.50B	13.51B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$54.2B	$26.8B	$45.6B	$22.0B	$37.1B	$12.6B	$34.3B	$21.4B
Cost of Revenue	$47.3B	$22.4B	$41.0B	$18.4B	$32.1B	$10.5B	$29.1B	$19.0B
Gross Profit	$6.9B	$4.4B	$4.6B	$3.6B	$5.0B	$2.0B	$5.2B	$2.5B
Gross Margin	12.8%	16.6%	10.0%	16.2%	13.6%	16.2%	15.1%	11.6%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$3.8B	$3.2B	$3.7B	$2.3B	$2.9B	$1.0B	$2.2B	$1.9B
Operating Expenses	$3.3B	$2.2B	$3.7B	$2.3B	$2.9B	$1.0B	$2.2B	$1.9B
Operating Income	$3.4B	$591M	$921M	$1.3B	$2.1B	$1.0B	$2.9B	$589M
Operating Margin	6.3%	2.2%	2.0%	5.9%	5.6%	8.0%	8.6%	2.7%
Interest Expense	$0	$0	$0	$0	$451M	$422M	$1.1B	$994M
Income Before Tax	$3.6B	$2.1B	-$4.9B	$2.2B	$2.2B	$1.2B	$2.6B	$1.5B
Tax Expense	$2.5B	$279M	$1.8B	$350M	$1.9B	$533M	$1.7B	$199M
Net Income	-$587M	$433M	-$7.3B	$1.0B	$55M	$545M	$163M	$879M
Net Margin	-1.1%	1.6%	-16.1%	4.6%	0.1%	4.3%	0.5%	4.1%
EPS (Diluted)	$-0.05	$0.03	$-0.55	$0.07	$-0.02	$0.03	$-0.01	$0.04
EBITDA	$3.6B	$1.3B	$1.9B	$1.4B	$2.6B	$1.0B	$3.3B	$2.8B
Shares Outstanding	12.82B	13.31B	13.41B	13.50B	13.50B	13.51B	13.51B	13.51B

0817.HK HKSE