HK$1.33 ($0.17)

+0.00 (+0.00%)

Weekly Expected Move ±3.6%

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

HKSE · Industrials · Specialty Business Services · Tech Score Neutral · Power 56 · HK$408.6M mcap · 77M float · 1.03% daily turnover

Analysis Technicals Weather Peers

Revenue

$92M -13.2% ▼

5Y CAGR: -8.9%

Gross Profit

$47M -16.9% ▼

5Y CAGR: -7.7%

Operating Income

$4M -50.8% ▼

5Y CAGR: -27.7%

Net Income

$3M -47.5% ▼

5Y CAGR: -30.4%

EPS (Diluted)

$0.01 -47.5% ▼

5Y CAGR: -30.5%

EBITDA

$21M -25.9% ▼

5Y CAGR: -13.3%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$135M	$130M	$124M	$106M	$92M
YoY Growth	-8.4%	-4.0%	-4.4%	-14.3%	-13.2%
Cost of Revenue	$63M	$63M	$61M	$50M	$46M
Gross Profit	$72M	$66M	$63M	$56M	$47M
Gross Margin	53.5%	51.1%	51.0%	52.7%	50.5%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$56M	$53M	$51M	$49M	$43M
Operating Expenses	$55M	$55M	$51M	$49M	$43M
Operating Income	$17M	$11M	$13M	$7M	$4M
Operating Margin	12.6%	8.7%	10.2%	6.7%	3.8%
Interest Expense	$853K	$1M	$603K	$2M	$1M
Income Before Tax	$11M	$13M	$14M	$7M	$3M
Tax Expense	$2M	$2M	$2M	$1M	$387K
Net Income	$9M	$11M	$12M	$6M	$3M
Net Margin	6.4%	8.6%	9.4%	5.3%	3.2%
EPS (Diluted)	$0.03	$0.04	$0.05	$0.02	$0.01
EBITDA	$34M	$38M	$38M	$29M	$21M
Shares Outstanding	256M	256M	256M	256M	256M

Line Item	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$32M	$22M	$22M	$27M	$27M	$19M	$27M	$55M
Cost of Revenue	$14M	$11M	$11M	$12M	$12M	$10M	$13M	$26M
Gross Profit	$17M	$11M	$11M	$14M	$14M	$9M	$14M	$28M
Gross Margin	54.3%	50.3%	50.3%	53.3%	53.3%	46.6%	51.8%	51.8%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$14M	$10M	$10M	$11M	$11M	$10M	$13M	$25M
Operating Expenses	$14M	$10M	$10M	$11M	$11M	$10M	$13M	$25M
Operating Income	$3M	$650K	$650K	$3M	$3M	-$994K	$2M	$3M
Operating Margin	9.2%	3.0%	3.0%	10.3%	10.3%	-5.1%	6.1%	6.1%
Interest Expense	$665K	$38K	$997K	$30K	$829K	$662K	$0	$509K
Income Before Tax	$3M	$354K	$354K	$3M	$3M	-$931K	$2M	$4M
Tax Expense	$384K	$171K	$171K	$374K	$374K	-$360K	$146K	$293K
Net Income	$3M	$184K	$184K	$2M	$2M	-$2M	$2M	$3M
Net Margin	8.4%	0.9%	0.9%	8.4%	8.4%	-7.7%	6.1%	6.1%
EPS (Diluted)	$0.01	$0.00	$0.00	$0.01	$0.01	$-0.01	$0.01	$0.01
EBITDA	$4M	$1M	$1M	$3M	$3M	-$572K	$2M	$13M
Shares Outstanding	256M	256M	256M	262M	262M	256M	266M	266M

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