HK$2.85 ($0.36)

-0.30 (-9.52%)

Weekly Expected Move ±59.6%

HK$-1 HK$1 HK$3 HK$5 HK$7

HKSE · Consumer Defensive · Agricultural Farm Products · Tech Score Buy · Power 74 · HK$1.5B mcap · 102M float · 0.384% daily turnover

Analysis Technicals Weather Peers

Revenue

$123M +4.0% ▲

5Y CAGR: -0.6%

Gross Profit

$26M -1.3% ▼

5Y CAGR: -2.5%

Operating Income

$6M -45.5% ▼

5Y CAGR: -20.0%

Net Income

$8M -27.5% ▼

5Y CAGR: -9.6%

EPS (Diluted)

$0.02 -27.3% ▼

5Y CAGR: -8.5%

EBITDA

$7M -41.8% ▼

5Y CAGR: -18.7%

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$116M	$120M	$134M	$118M	$123M
YoY Growth	-8.1%	+3.7%	+11.7%	-12.2%	+4.0%
Cost of Revenue	$90M	$92M	$102M	$92M	$97M
Gross Profit	$26M	$28M	$32M	$26M	$26M
Gross Margin	22.5%	23.2%	23.8%	22.2%	21.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$16M	$14M	$13M	$15M	$19M
Operating Expenses	$16M	$14M	$13M	$15M	$20M
Operating Income	$13M	$16M	$17M	$11M	$6M
Operating Margin	10.8%	13.5%	12.3%	9.7%	5.1%
Interest Expense	$50K	$31K	$24K	$131K	$93K
Income Before Tax	$13M	$16M	$17M	$15M	$11M
Tax Expense	$4M	$4M	$5M	$4M	$4M
Net Income	$8M	$12M	$11M	$11M	$8M
Net Margin	7.3%	9.9%	8.4%	9.7%	6.8%
EPS (Diluted)	$0.02	$0.02	$0.02	$0.02	$0.02
EBITDA	$14M	$15M	$18M	$12M	$7M
Shares Outstanding	455M	491M	472M	472M	471M

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$62M	$59M	$59M	$60M	$63M	$64M	$64M	$69M
Cost of Revenue	$48M	$46M	$45M	$47M	$50M	$50M	$50M	$52M
Gross Profit	$14M	$13M	$13M	$12M	$13M	$14M	$14M	$17M
Gross Margin	22.8%	21.6%	22.7%	20.8%	21.3%	21.9%	21.8%	24.0%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$4M	$7M	$8M	$9M	$11M	$9M	$10M	$8M
Operating Expenses	$7M	$6M	$7M	$9M	$11M	$9M	$10M	$8M
Operating Income	$10M	$6M	$6M	$3M	$3M	$5M	$4M	$8M
Operating Margin	16.5%	10.0%	9.4%	5.6%	4.5%	7.9%	6.3%	12.2%
Interest Expense	$10K	$32K	$0	$0	$0	$0	$12K	$52K
Income Before Tax	$7M	$8M	$7M	$6M	$5M	$7M	$6M	$10M
Tax Expense	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$3M
Net Income	$5M	$6M	$6M	$5M	$4M	$5M	$4M	$8M
Net Margin	7.9%	9.4%	10.0%	7.7%	5.9%	8.1%	6.4%	11.6%
EPS (Diluted)	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01	$0.01	$0.02
EBITDA	$10M	$6M	$6M	$5M	$3M	$6M	$5M	$10M
Shares Outstanding	472M	472M	472M	472M	470M	467M	467M	467M

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