HK$2.65 ($0.34)

-0.01 (-0.38%)

Weekly Expected Move ±3.8%

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

HKSE · Utilities · Regulated Gas · Tech Score Neutral · Power 51 · HK$7.3B mcap · 743M float · 0.345% daily turnover

Revenue

$13.5B -1.3% ▼

5Y CAGR: +10.6%

Gross Profit

$1.8B -7.9% ▼

5Y CAGR: -1.6%

Operating Income

$883M -15.7% ▼

5Y CAGR: -3.0%

Net Income

$146M -40.7% ▼

5Y CAGR: -19.4%

EPS (Diluted)

$0.05 -39.9% ▼

5Y CAGR: -20.9%

EBITDA

$1.6B -8.2% ▼

5Y CAGR: +2.5%

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$8.5B	$11.3B	$13.0B	$13.6B	$13.5B
YoY Growth	+4.9%	+32.8%	+14.6%	+5.0%	-1.3%
Cost of Revenue	$6.6B	$9.2B	$11.0B	$11.7B	$11.7B
Gross Profit	$1.9B	$2.2B	$2.0B	$1.9B	$1.8B
Gross Margin	22.8%	19.3%	15.1%	14.0%	13.1%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$663M	$837M	$809M	$868M	$878M
Operating Expenses	$715M	$835M	$807M	$864M	$878M
Operating Income	$1.2B	$1.4B	$1.2B	$1.0B	$883M
Operating Margin	14.4%	11.9%	8.9%	7.7%	6.6%
Interest Expense	$256M	$190M	$329M	$656M	$629M
Income Before Tax	$1.4B	$1.6B	$515M	$585M	$449M
Tax Expense	$302M	$319M	$272M	$285M	$248M
Net Income	$1.1B	$1.2B	$174M	$247M	$146M
Net Margin	12.4%	10.5%	1.3%	1.8%	1.1%
EPS (Diluted)	$0.40	$0.44	$0.06	$0.09	$0.05
EBITDA	$2.1B	$2.3B	$1.7B	$1.8B	$1.6B
Shares Outstanding	2.65B	2.69B	2.84B	2.82B	2.79B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$6.4B	$7.0B	$6.6B	$7.3B	$6.2B	$6.6B	$5.9B	$6.1B
Cost of Revenue	$5.6B	$5.8B	$6.0B	$6.2B	$5.5B	$5.8B	$5.0B	$5.3B
Gross Profit	$784M	$1.2B	$639M	$1.0B	$746M	$789M	$842M	$774M
Gross Margin	12.3%	17.5%	9.6%	14.0%	12.0%	12.0%	14.3%	12.8%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$400M	$414M	$454M	$399M	$472M	$403M	$415M	$391M
Operating Expenses	$400M	$414M	$409M	$399M	$479M	$403M	$499M	$391M
Operating Income	$384M	$817M	$230M	$616M	$267M	$386M	$342M	$383M
Operating Margin	6.0%	11.6%	3.5%	8.5%	4.3%	5.9%	5.8%	6.3%
Interest Expense	$259M	$283M	$373M	$277M	$352M	$208M	$189M	$174M
Income Before Tax	$79M	$430M	$125M	$410M	$44M	$401M	$172M	$370M
Tax Expense	$118M	$164M	$121M	$147M	$100M	$152M	$167M	$130M
Net Income	-$40M	$236M	$11M	$239M	-$93M	$246M	$2M	$226M
Net Margin	-0.6%	3.4%	0.2%	3.3%	-1.5%	3.7%	0.0%	3.7%
EPS (Diluted)	$-0.01	$0.08	$0.00	$0.09	$-0.03	$0.09	$0.00	$0.08
EBITDA	$590M	$1.0B	$811M	$908M	$555M	$683M	$662M	$696M
Shares Outstanding	2.83B	2.83B	2.79B	2.79B	2.78B	2.76B	2.75B	2.74B

3633.HK HKSE