HK$6.44 ($0.82)

+0.09 (+1.34%)

Weekly Expected Move ±2.8%

HK$6 HK$6 HK$6 HK$7 HK$7

HKSE · Consumer Cyclical · Apparel - Manufacturers · Tech Score Sell · Power 39 · HK$18.1B mcap · 546M float · 0.486% daily turnover

Revenue

$2.6B +7.1% ▲

5Y CAGR: +5.9%

Gross Profit

$522M +7.3% ▲

5Y CAGR: +6.2%

Operating Income

$269M +17.0% ▲

5Y CAGR: +17.6%

Net Income

$225M +12.2% ▲

5Y CAGR: +15.8%

EPS (Diluted)

$0.08 +11.5% ▲

5Y CAGR: +15.6%

EBITDA

$355M +18.1% ▲

5Y CAGR: +11.9%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.3B	$2.5B	$2.2B	$2.5B	$2.6B
YoY Growth	+17.9%	+6.4%	-12.6%	+13.4%	+7.1%
Cost of Revenue	$1.9B	$2.0B	$1.8B	$2.0B	$2.1B
Gross Profit	$448M	$478M	$418M	$486M	$522M
Gross Margin	19.1%	19.2%	19.2%	19.7%	19.7%
R&D Expenses	$31M	$34M	$32M	$32M	$35M
SG&A Expenses	$234M	$229M	$212M	$221M	$218M
Operating Expenses	$264M	$258M	$234M	$253M	$253M
Operating Income	$183M	$220M	$188M	$230M	$269M
Operating Margin	7.8%	8.8%	8.6%	9.3%	10.2%
Interest Expense	$7M	$11M	$13M	$11M	$12M
Income Before Tax	$192M	$213M	$195M	$248M	$279M
Tax Expense	$29M	$39M	$31M	$47M	$54M
Net Income	$163M	$173M	$163M	$200M	$225M
Net Margin	7.0%	6.9%	7.5%	8.1%	8.5%
EPS (Diluted)	$0.06	$0.06	$0.06	$0.07	$0.08
EBITDA	$261M	$296M	$248M	$301M	$355M
Shares Outstanding	2.85B	2.85B	2.85B	2.85B	2.85B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$1.2B	$1.0B	$1.2B	$1.1B	$1.4B	$1.2B	$1.4B	$1.3B
Cost of Revenue	$1.0B	$817M	$941M	$880M	$1.1B	$987M	$1.1B	$1.0B
Gross Profit	$248M	$193M	$227M	$213M	$273M	$243M	$281M	$253M
Gross Margin	19.9%	19.1%	19.4%	19.5%	19.8%	19.7%	19.9%	19.6%
R&D Expenses	$15M	$14M	$18M	$16M	$17M	$16M	$18M	$0
SG&A Expenses	$104M	$94M	$116M	$101M	$122M	$112M	$115M	$110M
Operating Expenses	$126M	$95M	$134M	$117M	$139M	$128M	$129M	$127M
Operating Income	$127M	$84M	$93M	$96M	$134M	$114M	$152M	$126M
Operating Margin	10.2%	8.4%	7.9%	8.8%	9.7%	9.3%	10.8%	9.7%
Interest Expense	$0	$0	$0	$0	$5M	$6M	$6M	$5M
Income Before Tax	$121M	$90M	$105M	$103M	$145M	$120M	$159M	$134M
Tax Expense	$23M	$16M	$15M	$19M	$29M	$21M	$32M	$26M
Net Income	$97M	$74M	$90M	$84M	$116M	$98M	$126M	$108M
Net Margin	7.8%	7.3%	7.7%	7.7%	8.5%	8.0%	9.0%	8.4%
EPS (Diluted)	$0.03	$0.03	$0.03	$0.03	$0.04	$0.03	$0.04	$0.04
EBITDA	$165M	$123M	$125M	$132M	$169M	$148M	$184M	$175M
Shares Outstanding	2.85B	2.85B	2.85B	2.85B	2.85B	2.85B	2.85B	2.85B

2232.HK HKSE