HK$1.43 ($0.18)

-0.02 (-1.38%)

Weekly Expected Move ±5.0%

HK$1 HK$1 HK$1 HK$2 HK$2

HKSE · Consumer Defensive · Agricultural Farm Products · Tech Score Sell · Power 37 · HK$11.3B mcap · 2.89B float · 0.770% daily turnover

Revenue

$12.3B -7.6% ▼

5Y CAGR: +15.3%

Gross Profit

$483M -86.0% ▼

5Y CAGR: -27.8%

Operating Income

-$707M -131.5% ▼

Net Income

-$1.1B +22.4% ▲

EPS (Diluted)

$-0.14 +22.2% ▲

EBITDA

-$187M -107.2% ▼

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$7.1B	$12.3B	$13.5B	$13.3B	$12.3B
YoY Growth	+17.6%	+73.7%	+9.5%	-1.5%	-7.6%
Cost of Revenue	$4.5B	$9.0B	$10.3B	$9.8B	$11.8B
Gross Profit	$2.5B	$3.3B	$3.1B	$3.5B	$483M
Gross Margin	36.0%	26.6%	23.2%	26.0%	3.9%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$558M	$1.1B	$1.2B	$1.2B	$1.2B
Operating Expenses	$558M	$1.1B	$1.2B	$1.2B	$1.2B
Operating Income	$2.0B	$2.2B	$1.9B	$2.2B	-$707M
Operating Margin	28.1%	17.8%	14.1%	16.9%	-5.8%
Interest Expense	$247M	$406M	$506M	$529M	$621M
Income Before Tax	$1.0B	$595M	$229M	-$1.5B	-$1.2B
Tax Expense	$2M	$15M	$44M	-$5M	$11M
Net Income	$1.0B	$562M	$175M	-$1.4B	-$1.1B
Net Margin	14.4%	4.6%	1.3%	-10.7%	-9.0%
EPS (Diluted)	$0.14	$0.07	$0.02	$-0.18	$-0.14
EBITDA	$1.6B	$1.4B	$1.2B	$2.6B	-$187M
Shares Outstanding	7.08B	7.88B	7.91B	7.83B	7.83B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$6.7B	$6.6B	$6.8B	$6.4B	$6.8B	$6.1B	$6.5B	$6.6B
Cost of Revenue	$5.1B	$5.1B	$5.2B	$4.7B	$5.1B	$4.5B	$4.7B	$4.9B
Gross Profit	$1.6B	$1.5B	$1.6B	$1.7B	$1.8B	$1.6B	$1.9B	$1.7B
Gross Margin	24.2%	22.9%	23.6%	26.1%	25.9%	26.4%	28.4%	26.2%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$607M	$547M	$683M	$562M	$647M	$548M	$659M	$584M
Operating Expenses	$1.4B	$1.1B	$679M	$562M	$647M	$548M	$662M	$584M
Operating Income	$995M	$966M	$928M	$1.1B	$1.1B	$1.1B	$1.2B	$1.1B
Operating Margin	14.9%	14.6%	13.6%	17.4%	16.5%	17.4%	18.2%	17.3%
Interest Expense	$0	$0	$0	$0	$247M	$247M	$339M	$349M
Income Before Tax	$60M	$233M	-$4M	-$191M	-$1.3B	-$972M	-$220M	$51M
Tax Expense	$11M	$15M	$28M	$16M	-$21M	$11M	$272K	$10M
Net Income	$55M	$209M	-$34M	-$228M	-$1.2B	-$913M	-$215M	$19M
Net Margin	0.8%	3.2%	-0.5%	-3.6%	-17.4%	-15.0%	-3.3%	0.3%
EPS (Diluted)	$0.01	$0.03	$-0.00	$-0.03	$-0.15	$-0.12	$-0.03	$0.00
EBITDA	$1.2B	$1.1B	$1.2B	$1.3B	$1.3B	$1.2B	$1.4B	$212M
Shares Outstanding	7.89B	7.91B	7.92B	7.84B	7.83B	7.83B	7.84B	7.96B

1117.HK HKSE