HK$0.15 ($0.02)

-0.02 (-10.98%)

HKSE · Consumer Cyclical · Auto - Dealerships · Tech Score Neutral · Power 56 · HK$103.8M mcap · 166M float · 0.244% daily turnover

Analysis Technicals Weather Peers

Revenue

$8.6B -21.6% ▼

5Y CAGR: -1.6%

Gross Profit

-$30M -107.1% ▼

Operating Income

-$91M -180.8% ▼

Net Income

-$213M -1895.3% ▼

EPS (Diluted)

$-0.36 -1918.2% ▼

EBITDA

$115M -65.3% ▼

5Y CAGR: -22.1%

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$10.6B	$11.6B	$10.9B	$11.0B	$8.6B
YoY Growth	+14.2%	+9.4%	-6.1%	+0.5%	-21.6%
Cost of Revenue	$9.9B	$10.6B	$10.2B	$10.6B	$8.6B
Gross Profit	$749M	$993M	$716M	$420M	-$30M
Gross Margin	7.0%	8.5%	6.6%	3.8%	-0.3%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$629M	$793M	$760M	$784M	$684M
Operating Expenses	$442M	$433M	$479M	$307M	$62M
Operating Income	$307M	$560M	$237M	$113M	-$91M
Operating Margin	2.9%	4.8%	2.2%	1.0%	-1.1%
Interest Expense	$103M	$94M	$107M	$95M	$96M
Income Before Tax	$204M	$466M	$129M	$18M	-$188M
Tax Expense	$59M	$120M	$48M	$6M	$25M
Net Income	$145M	$346M	$81M	$12M	-$213M
Net Margin	1.4%	3.0%	0.7%	0.1%	-2.5%
EPS (Diluted)	$0.24	$0.58	$0.14	$0.02	$-0.36
EBITDA	$481M	$558M	$444M	$331M	$115M
Shares Outstanding	600M	600M	600M	600M	600M

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$5.8B	$5.3B	$5.7B	$4.5B	$4.1B	$3.6B	$3.7B	$2.9B
Cost of Revenue	$5.5B	$5.0B	$5.6B	$4.5B	$4.1B	$3.7B	$3.6B	$2.8B
Gross Profit	$299M	$266M	$154M	$11M	-$41M	-$46M	$51M	$110M
Gross Margin	5.2%	5.1%	2.7%	0.2%	-1.0%	-1.3%	1.4%	3.8%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$400M	$410M	$374M	$356M	$328M	$285M	$311M	$242M
Operating Expenses	$240M	$204M	$107M	$58M	$3M	$285M	$208M	$242M
Operating Income	$52M	$52M	-$67M	-$47M	-$44M	-$331M	-$157M	-$133M
Operating Margin	0.9%	1.0%	-1.2%	-1.0%	-1.1%	-9.1%	-4.3%	-4.6%
Interest Expense	$131M	$117M	-$22M	$0	$96M	$41M	$36M	$35M
Income Before Tax	$6M	$15M	$3M	-$96M	-$91M	-$90M	-$150M	-$80M
Tax Expense	$3M	$7M	-$450K	$559K	$25M	$4M	$10M	-$5M
Net Income	$3M	$8M	$4M	-$97M	-$116M	-$86M	-$160M	-$74M
Net Margin	0.1%	0.2%	0.1%	-2.1%	-2.8%	-2.3%	-4.3%	-2.5%
EPS (Diluted)	$0.01	$0.01	$0.01	$-0.16	$-0.19	$-0.14	$-0.27	$-0.12
EBITDA	$137M	$135M	$125M	$22M	$93M	$42M	-$34M	-$65M
Shares Outstanding	600M	600M	600M	600M	600M	600M	600M	600M

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