HK$0.62 ($0.08)

+0.00 (+0.00%)

Weekly Expected Move ±2.3%

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

HKSE · Technology · Information Technology Services · Tech Score Neutral · Power 52 · HK$437.8M mcap · 467M float · 0.278% daily turnover

Analysis Technicals Weather Peers

Revenue

$689M +23.3% ▲

5Y CAGR: +5.7%

Gross Profit

$103M +16.9% ▲

5Y CAGR: +1.8%

Operating Income

$18M +264.1% ▲

5Y CAGR: -2.5%

Net Income

-$14M -13.9% ▼

EPS (Diluted)

$-0.02 -14.1% ▼

EBITDA

$29M +152.8% ▲

5Y CAGR: -7.7%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$596M	$832M	$678M	$559M	$689M
YoY Growth	+13.9%	+39.6%	-18.6%	-17.5%	+23.3%
Cost of Revenue	$482M	$705M	$581M	$471M	$586M
Gross Profit	$114M	$127M	$97M	$88M	$103M
Gross Margin	19.1%	15.3%	14.3%	15.7%	14.9%
R&D Expenses	$17M	$10M	$9M	$3M	$870K
SG&A Expenses	$73M	$91M	$91M	$82M	$84M
Operating Expenses	$78M	$95M	$106M	$99M	$84M
Operating Income	$36M	$32M	-$9M	-$11M	$18M
Operating Margin	6.1%	3.9%	-1.3%	-2.0%	2.7%
Interest Expense	$850K	$514K	$206K	$273K	$240K
Income Before Tax	$38M	$30M	-$14M	-$9M	-$11M
Tax Expense	$3M	$3M	$3M	$3M	$3M
Net Income	$34M	$28M	-$17M	-$12M	-$14M
Net Margin	5.7%	3.3%	-2.5%	-2.2%	-2.1%
EPS (Diluted)	$0.05	$0.04	$-0.02	$-0.02	$-0.02
EBITDA	$23M	$50M	$2M	$12M	$29M
Shares Outstanding	691M	702M	702M	702M	702M

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$473M	$354M	$324M	$259M	$300M	$342M	$365M	$337M
Cost of Revenue	$401M	$303M	$278M	$210M	$261M	$292M	$310M	$279M
Gross Profit	$73M	$51M	$46M	$49M	$39M	$50M	$55M	$58M
Gross Margin	15.4%	14.4%	14.1%	19.0%	12.9%	14.7%	15.1%	17.3%
R&D Expenses	$4M	$3M	$6M	$3M	$108K	$622K	$271K	$213K
SG&A Expenses	$55M	$40M	$51M	$46M	$37M	$40M	$42M	$48M
Operating Expenses	$50M	$43M	$63M	$66M	$33M	$52M	$66M	$49M
Operating Income	$18M	$11M	-$20M	-$17M	$6M	-$1M	-$10M	$9M
Operating Margin	3.9%	3.1%	-6.2%	-6.7%	2.0%	-0.4%	-2.9%	2.8%
Interest Expense	$0	$0	$0	$0	$0	$0	$0	$0
Income Before Tax	$23M	$9M	-$23M	-$16M	$7M	-$1M	-$10M	$10M
Tax Expense	$2M	$4M	-$879K	$263K	$3M	$904K	$2M	$1M
Net Income	$21M	$6M	-$23M	-$16M	$4M	-$2M	-$12M	$9M
Net Margin	4.5%	1.6%	-7.0%	-6.3%	1.3%	-0.7%	-3.3%	2.6%
EPS (Diluted)	$0.03	$0.01	$-0.03	$-0.02	$0.01	$-0.00	$-0.02	$0.01
EBITDA	$22M	$14M	-$7M	$7M	$5M	$12M	$12M	$13M
Shares Outstanding	702M	702M	702M	702M	702M	702M	703M	706M

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