Also trades as: HKTVY (OTC) · $vol 0M

HK$0.99 ($0.13)

+0.01 (+1.02%)

Weekly Expected Move ±4.7%

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

HKSE · Consumer Cyclical · Specialty Retail · Tech Score Sell · Power 38 · HK$779.6M mcap · 370M float · 0.134% daily turnover

Revenue

$3.8B +0.7% ▲

5Y CAGR: +22.1%

Gross Profit

$2.0B +23.7% ▲

5Y CAGR: +29.7%

Operating Income

-$47M -43.5% ▼

Net Income

-$67M -247.2% ▼

EPS (Diluted)

$-0.08 -262.5% ▼

EBITDA

$259M -27.6% ▼

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$2.9B	$3.1B	$3.8B	$3.8B	$3.8B
YoY Growth	+103.5%	+8.8%	+22.3%	-0.4%	+0.7%
Cost of Revenue	$1.5B	$1.6B	$1.9B	$2.2B	$1.8B
Gross Profit	$1.2B	$1.5B	$2.0B	$1.6B	$2.0B
Gross Margin	42.0%	48.2%	51.2%	43.2%	53.0%
R&D Expenses	$0	$0	$4M	$11M	$23M
SG&A Expenses	$79M	$172M	$1.4B	$1.5B	$1.7B
Operating Expenses	$1.0B	$1.4B	$1.6B	$1.7B	$1.7B
Operating Income	$84M	-$47M	$139M	-$33M	-$47M
Operating Margin	2.9%	-1.5%	3.6%	-0.9%	-1.2%
Interest Expense	$10M	$10M	$14M	$18M	$24M
Income Before Tax	$184M	$6M	$142M	$39M	-$71M
Tax Expense	$560K	-$8M	-$70M	-$7M	-$5M
Net Income	$184M	$15M	$212M	$45M	-$67M
Net Margin	6.4%	0.5%	5.5%	1.2%	-1.7%
EPS (Diluted)	$0.20	$0.02	$0.22	$0.05	$-0.08
EBITDA	$400M	$266M	$439M	$357M	$259M
Shares Outstanding	932M	955M	948M	935M	850M

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$1.9B	$1.8B	$2.0B	$1.9B	$1.9B	$1.9B	$2.0B	$2.0B
Cost of Revenue	$1.1B	$1.1B	$1.1B	$1.0B	$882M	$854M	$923M	$1.1B
Gross Profit	$845M	$776M	$871M	$850M	$1.1B	$1.0B	$1.0B	$959M
Gross Margin	44.3%	42.4%	43.9%	44.8%	54.6%	54.8%	53.1%	46.9%
R&D Expenses	$4M	$0	$11M	$0	$23M	$0	$28M	$0
SG&A Expenses	$809M	$766M	$1.5B	$894M	$88M	$62M	$1.1B	$1.0B
Operating Expenses	$809M	$766M	$913M	$894M	$88M	$62M	$1.7B	$1.0B
Operating Income	$36M	$10M	-$42M	-$44M	$972M	$973M	-$690M	-$84M
Operating Margin	1.9%	0.5%	-2.1%	-2.3%	50.1%	51.5%	-35.1%	-4.1%
Interest Expense	$8M	$8M	$10M	$13M	$12M	$11M	$10M	$9M
Income Before Tax	$59M	$43M	-$5M	-$29M	-$42M	-$24M	-$125M	-$78M
Tax Expense	-$25M	-$5M	-$1M	-$1M	-$3M	$647K	$889K	-$164K
Net Income	$84M	$49M	-$3M	-$27M	-$39M	-$23M	-$126M	-$78M
Net Margin	4.4%	2.7%	-0.2%	-1.4%	-2.0%	-1.2%	-6.4%	-3.8%
EPS (Diluted)	$0.09	$0.05	$-0.00	$-0.03	$-0.05	$-0.03	$-0.16	$-0.10
EBITDA	$210M	$200M	$158M	$134M	$32M	$22M	-$28M	$57M
Shares Outstanding	945M	945M	889M	889M	811M	789M	791M	791M

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