HK$1.40 ($0.18)

+0.00 (+0.00%)

Weekly Expected Move ±8.1%

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

HKSE · Consumer Cyclical · Specialty Retail · Tech Score Sell · Power 39 · HK$404.5M mcap · 185M float · 0.468% daily turnover

Analysis Technicals Weather Peers

Revenue

$109M -10.8% ▼

5Y CAGR: -5.5%

Gross Profit

$55M +81.1% ▲

5Y CAGR: -12.0%

Operating Income

$7M -31.3% ▼

5Y CAGR: +0.1%

Net Income

-$3M -257.2% ▼

EPS (Diluted)

$-0.01 -237.9% ▼

EBITDA

$30M -36.4% ▼

5Y CAGR: -13.0%

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$147M	$166M	$154M	$123M	$109M
YoY Growth	+1.1%	+12.8%	-7.2%	-20.4%	-10.8%
Cost of Revenue	$54M	$69M	$72M	$92M	$54M
Gross Profit	$93M	$97M	$82M	$30M	$55M
Gross Margin	63.3%	58.2%	53.0%	24.8%	50.3%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$680K	$14M	$4M	$3M	$2M
Operating Expenses	$82M	$88M	$78M	$22M	$48M
Operating Income	$8M	$13M	$3M	$10M	$7M
Operating Margin	5.2%	7.8%	2.2%	8.2%	6.3%
Interest Expense	$9M	$6M	$7M	$9M	$8M
Income Before Tax	$12M	$14M	$2M	$3M	-$3M
Tax Expense	$1M	$2M	$851K	$487K	$544K
Net Income	$10M	$12M	$1M	$2M	-$3M
Net Margin	6.8%	7.2%	0.9%	1.8%	-3.1%
EPS (Diluted)	$0.04	$0.05	$0.01	$0.01	$-0.01
EBITDA	$65M	$62M	$48M	$47M	$30M
Shares Outstanding	232M	240M	240M	248M	285M

Line Item	FY2021 Q4	FY2022 Q2	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2
Revenue	$90M	$73M	$81M	$82M	$41M	$64M	$45M	$59M
Cost of Revenue	$81M	$55M	$78M	$60M	$37M	$32M	$41M	$49M
Gross Profit	$9M	$18M	$3M	$22M	$4M	$32M	$4M	$9M
Gross Margin	10.0%	25.0%	3.9%	26.8%	9.8%	50.3%	9.7%	16.1%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$14M	$11M	$7M	$8M	$9M	$8M	$3M	$4M
Operating Expenses	$14M	$11M	$7M	$8M	$9M	$8M	$3M	$4M
Operating Income	-$5M	$7M	-$4M	$13M	-$5M	$24M	$2M	$6M
Operating Margin	-5.4%	10.1%	-4.7%	16.4%	-12.1%	37.2%	3.7%	9.9%
Interest Expense	$745K	$3M	$3M	$4M	$4M	$3M	$5M	$3M
Income Before Tax	$2M	$9M	-$6M	$10M	-$7M	$4M	-$9M	$4M
Tax Expense	-$160K	$1M	-$165K	$2M	-$1M	$897K	-$353K	$581K
Net Income	$2M	$8M	-$6M	$8M	-$6M	$5M	-$8M	$3M
Net Margin	2.2%	10.6%	-7.8%	9.9%	-14.6%	7.8%	-18.5%	5.2%
EPS (Diluted)	$0.01	$0.03	$-0.03	$0.03	$-0.02	$0.02	$-0.03	$0.01
EBITDA	$30M	$31M	$17M	$35M	$13M	$5M	$8M	$18M
Shares Outstanding	240M	240M	240M	241M	248M	284M	285M	285M

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