HK$2.64 ($0.34)

-0.01 (-0.19%)

Weekly Expected Move ±3.9%

HK$2 HK$3 HK$3 HK$3 HK$3

HKSE · Consumer Cyclical · Auto - Dealerships · Tech Score Sell · Power 39 · HK$1.5B mcap · 403M float · 0.339% daily turnover

Analysis Technicals Weather Peers

Revenue

$2.6B -15.8% ▼

5Y CAGR: -1.9%

Gross Profit

$431M -16.5% ▼

5Y CAGR: -1.9%

Operating Income

$203M -6.8% ▼

5Y CAGR: -6.8%

Net Income

$153M +2.7% ▲

5Y CAGR: -5.9%

EPS (Diluted)

$0.07 +4.5% ▲

5Y CAGR: -6.0%

EBITDA

$286M -5.2% ▼

5Y CAGR: -3.9%

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$3.3B	$3.1B	$2.7B	$3.1B	$2.6B
YoY Growth	+12.8%	-4.1%	-12.7%	+14.3%	-15.8%
Cost of Revenue	$2.6B	$2.4B	$2.2B	$2.6B	$2.2B
Gross Profit	$653M	$732M	$494M	$515M	$431M
Gross Margin	20.0%	23.4%	18.1%	16.5%	16.4%
R&D Expenses	$26M	$31M	$41M	$36M	$34M
SG&A Expenses	$55M	$51M	$48M	$51M	$57M
Operating Expenses	$278M	$154M	$169M	$298M	$228M
Operating Income	$375M	$434M	$274M	$218M	$203M
Operating Margin	11.5%	13.9%	10.1%	7.0%	7.7%
Interest Expense	$3M	$7M	$31M	$43M	$30M
Income Before Tax	$400M	$445M	$279M	$209M	$199M
Tax Expense	$82M	$76M	$59M	$58M	$42M
Net Income	$274M	$363M	$226M	$149M	$153M
Net Margin	8.4%	11.6%	8.3%	4.8%	5.8%
EPS (Diluted)	$0.13	$0.17	$0.12	$0.07	$0.07
EBITDA	$441M	$503M	$364M	$302M	$286M
Shares Outstanding	2.17B	2.17B	1.91B	2.22B	2.18B

Line Item	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$648M	$666M	$666M	$569M	$569M	$813M	$717M	$717M
Cost of Revenue	$537M	$582M	$582M	$460M	$460M	$728M	$616M	$616M
Gross Profit	$111M	$84M	$84M	$109M	$109M	$85M	$102M	$102M
Gross Margin	17.1%	12.6%	12.6%	19.1%	19.1%	10.4%	14.1%	14.1%
R&D Expenses	$8M	$10M	$10M	$9M	$9M	$11M	$12M	$12M
SG&A Expenses	$37M	$59M	$59M	$32M	$32M	$104M	$34M	$34M
Operating Expenses	$39M	$54M	$54M	$47M	$47M	$95M	$69M	$69M
Operating Income	$72M	$30M	$30M	$62M	$62M	-$10M	$33M	$33M
Operating Margin	11.1%	4.4%	4.4%	10.9%	10.9%	-1.2%	4.6%	4.6%
Interest Expense	$15M	$5M	$5M	$4M	$4M	$16M	$0	$0
Income Before Tax	$74M	$26M	$26M	$59M	$59M	-$12M	$28M	$28M
Tax Expense	$16M	$5M	$5M	$13M	$13M	$4M	$12M	$12M
Net Income	$57M	$19M	$19M	$46M	$46M	-$12M	$27M	$27M
Net Margin	8.9%	2.9%	2.9%	8.1%	8.1%	-1.5%	3.7%	3.7%
EPS (Diluted)	$0.03	$0.01	$0.01	$0.02	$0.02	$-0.01	$0.01	$0.01
EBITDA	$80M	$35M	$35M	$69M	$69M	-$4M	$64M	$64M
Shares Outstanding	2.18B	2.18B	2.18B	2.18B	2.18B	2.18B	2.66B	2.66B

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