HK$2.88 ($0.37)

-0.01 (-0.52%)

Weekly Expected Move ±5.5%

HK$3 HK$3 HK$3 HK$3 HK$3

HKSE · Consumer Cyclical · Apparel - Manufacturers · Tech Score Neutral · Power 52 · HK$1.7B mcap · 184M float · 0.052% daily turnover

Revenue

$4.8B +18.0% ▲

5Y CAGR: +9.8%

Gross Profit

$773M +3.2% ▲

5Y CAGR: +8.7%

Operating Income

$386M -6.5% ▼

5Y CAGR: +8.0%

Net Income

$217M -17.6% ▼

5Y CAGR: -0.6%

EPS (Diluted)

$0.39 -20.4% ▼

5Y CAGR: -1.5%

EBITDA

$547M +0.1% ▲

5Y CAGR: +5.6%

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$3.2B	$3.7B	$4.1B	$4.1B	$4.8B
YoY Growth	+7.7%	+12.9%	+10.4%	+0.6%	+18.0%
Cost of Revenue	$2.6B	$3.1B	$3.3B	$3.3B	$4.0B
Gross Profit	$620M	$617M	$727M	$749M	$773M
Gross Margin	19.1%	16.8%	17.9%	18.4%	16.1%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$264M	$302M	$329M	$336M	$396M
Operating Expenses	$233M	$273M	$300M	$336M	$387M
Operating Income	$387M	$345M	$427M	$413M	$386M
Operating Margin	11.9%	9.4%	10.5%	10.1%	8.0%
Interest Expense	$5M	$5M	$22M	$43M	$69M
Income Before Tax	$422M	$364M	$399M	$381M	$324M
Tax Expense	$96M	$81M	$99M	$109M	$95M
Net Income	$314M	$275M	$293M	$264M	$217M
Net Margin	9.7%	7.5%	7.2%	6.5%	4.5%
EPS (Diluted)	$0.59	$0.52	$0.55	$0.49	$0.39
EBITDA	$535M	$459M	$547M	$546M	$547M
Shares Outstanding	532M	533M	534M	534M	563M

Line Item	FY2022 Q2	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4
Revenue	$2.5B	$1.5B	$2.5B	$1.6B	$3.0B	$1.8B	$3.3B	$1.7B
Cost of Revenue	$2.0B	$1.3B	$2.0B	$1.3B	$2.5B	$1.6B	$2.8B	$1.5B
Gross Profit	$524M	$232M	$518M	$231M	$509M	$264M	$549M	$147M
Gross Margin	20.6%	15.4%	20.5%	14.9%	17.1%	14.5%	16.5%	8.6%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$197M	$132M	$166M	$164M	$203M	$193M	$204M	$178M
Operating Expenses	$197M	$132M	$166M	$164M	$203M	$193M	$204M	$178M
Operating Income	$327M	$100M	$352M	$67M	$306M	$71M	$345M	-$32M
Operating Margin	12.8%	6.7%	14.0%	4.3%	10.2%	3.9%	10.4%	-1.9%
Interest Expense	$8M	$14M	$21M	$22M	$35M	$34M	$37M	$26M
Income Before Tax	$332M	$68M	$327M	$54M	$277M	$47M	$302M	-$48M
Tax Expense	$86M	$13M	$90M	$18M	$84M	$12M	$88M	-$16M
Net Income	$239M	$54M	$229M	$34M	$183M	$34M	$205M	-$31M
Net Margin	9.4%	3.6%	9.1%	2.2%	6.1%	1.9%	6.2%	-1.8%
EPS (Diluted)	$0.45	$0.10	$0.43	$0.06	$0.33	$0.06	$0.36	$-0.05
EBITDA	$400M	$141M	$406M	$130M	$366M	$161M	$422M	$53M
Shares Outstanding	534M	534M	534M	534M	553M	558M	574M	574M

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