Also trades as: TOCOF (OTC) · $vol 0M

HK$0.35 ($0.05)

-0.01 (-2.74%)

Weekly Expected Move ±2.0%

HK$0 HK$0 HK$0 HK$0 HK$0

HKSE · Communication Services · Publishing · Tech Score Sell · Power 48 · HK$1.4B mcap · 995M float · 0.0057% daily turnover

Analysis Technicals Weather Peers

Revenue

$735M -1.5% ▼

5Y CAGR: -3.3%

Gross Profit

$216M -28.9% ▼

5Y CAGR: -9.7%

Operating Income

$9M +148.1% ▲

Net Income

-$173M +32.3% ▲

EPS (Diluted)

$-0.05 +21.2% ▲

EBITDA

$142M +24.0% ▲

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$889M	$830M	$784M	$747M	$735M
YoY Growth	+2.5%	-6.7%	-5.5%	-4.8%	-1.5%
Cost of Revenue	$514M	$481M	$572M	$443M	$519M
Gross Profit	$375M	$349M	$213M	$304M	$216M
Gross Margin	42.2%	42.0%	27.1%	40.7%	29.4%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$215M	$203M	$191M	$191M	$191M
Operating Expenses	$232M	$345M	$206M	$204M	$207M
Operating Income	$17M	$97M	$7M	-$18M	$9M
Operating Margin	1.9%	11.6%	0.9%	-2.5%	1.2%
Interest Expense	$59M	$87M	$195M	$222M	$160M
Income Before Tax	-$93M	$203M	-$198M	-$236M	-$149M
Tax Expense	$15M	$17M	$14M	$11M	$14M
Net Income	-$114M	$142M	-$221M	-$256M	-$173M
Net Margin	-12.8%	17.2%	-28.2%	-34.3%	-23.6%
EPS (Diluted)	$-0.03	$0.04	$-0.06	$-0.06	$-0.05
EBITDA	$189M	$486M	$139M	$114M	$142M
Shares Outstanding	3.96B	3.96B	3.96B	3.96B	3.96B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$429M	$379M	$406M	$342M	$405M	$339M	$397M	$335M
Cost of Revenue	$304M	$279M	$293M	$211M	$246M	$201M	$233M	$205M
Gross Profit	$125M	$100M	$113M	$132M	$159M	$138M	$164M	$130M
Gross Margin	29.1%	26.4%	27.8%	38.4%	39.3%	40.6%	41.4%	38.9%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$28M	$97M	$98M	$92M	$99M	$90M	$101M	$94M
Operating Expenses	$36M	$103M	$103M	$92M	$99M	$90M	$101M	$101M
Operating Income	$88M	-$3M	$10M	$40M	$60M	$48M	$63M	$29M
Operating Margin	20.6%	-0.8%	2.5%	11.6%	14.9%	14.0%	15.9%	8.7%
Interest Expense	$63M	$81M	$114M	$224M	$110M	$93M	$67M	$923K
Income Before Tax	-$16M	-$66M	-$131M	-$137M	-$106M	-$86M	-$63M	-$4M
Tax Expense	$9M	$9M	$5M	$6M	$5M	$5M	$9M	$5M
Net Income	-$51M	-$95M	-$127M	-$145M	-$111M	-$99M	-$78M	-$11M
Net Margin	-11.9%	-25.0%	-31.3%	-42.5%	-27.3%	-29.1%	-19.7%	-3.4%
EPS (Diluted)	$-0.01	$-0.02	$-0.03	$-0.04	$-0.03	$-0.02	$-0.03	$-0.04
EBITDA	$120M	$88M	$51M	$28M	$70M	$51M	$55M	$92M
Shares Outstanding	3.96B	3.96B	3.96B	3.96B	3.96B	3.96B	3.96B	3.96B

2383.HK HKSE