Also trades as: GTWCF (OTC) · $vol 0M

HK$6.23 ($0.79)

-0.01 (-0.08%)

Weekly Expected Move ±8.3%

HK$5 HK$6 HK$6 HK$7 HK$7

HKSE · Real Estate · Real Estate - Development · Tech Score Neutral · Power 54 · HK$15.8B mcap · 1.04B float · 1.16% daily turnover

Revenue

$158.5B +20.7% ▲

5Y CAGR: +20.8%

Gross Profit

$20.2B +18.5% ▲

5Y CAGR: +6.0%

Operating Income

$11.4B +23.4% ▲

5Y CAGR: +5.5%

Net Income

$1.6B -48.8% ▼

5Y CAGR: -8.4%

EPS (Diluted)

$0.63 -48.4% ▼

5Y CAGR: +2.8%

EBITDA

$12.0B -10.7% ▼

5Y CAGR: +5.3%

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$65.8B	$100.2B	$127.2B	$131.4B	$158.5B
YoY Growth	+6.8%	+52.4%	+26.8%	+3.3%	+20.7%
Cost of Revenue	$50.2B	$82.1B	$105.1B	$114.3B	$138.3B
Gross Profit	$15.6B	$18.2B	$22.0B	$17.1B	$20.2B
Gross Margin	23.7%	18.1%	17.3%	13.0%	12.8%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$6.6B	$8.0B	$8.3B	$7.9B	$7.8B
Operating Expenses	$7.2B	$8.1B	$8.6B	$8.1B	$8.8B
Operating Income	$8.4B	$10.1B	$13.7B	$9.3B	$11.4B
Operating Margin	12.7%	10.1%	10.7%	7.1%	7.2%
Interest Expense	$0	$2.3B	$2.7B	$2.9B	$2.6B
Income Before Tax	$10.8B	$12.6B	$13.3B	$9.7B	$7.1B
Tax Expense	$5.0B	$4.9B	$4.4B	$3.0B	$2.9B
Net Income	$3.8B	$4.5B	$2.8B	$3.1B	$1.6B
Net Margin	5.8%	4.5%	2.2%	2.4%	1.0%
EPS (Diluted)	$1.04	$1.30	$1.02	$1.22	$0.63
EBITDA	$8.8B	$15.3B	$14.2B	$13.4B	$12.0B
Shares Outstanding	2.37B	2.50B	2.54B	2.53B	2.53B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$62.4B	$57.0B	$74.4B	$69.6B	$89.0B	$53.4B	$101.6B	$39.5B
Cost of Revenue	$51.6B	$47.1B	$67.3B	$60.5B	$77.9B	$46.2B	$90.3B	$35.1B
Gross Profit	$10.8B	$9.9B	$7.2B	$9.1B	$11.1B	$7.2B	$11.3B	$4.4B
Gross Margin	17.3%	17.4%	9.6%	13.1%	12.5%	13.4%	11.1%	11.1%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$5.2B	$2.7B	$5.2B	$2.9B	$4.8B	$2.8B	$4.3B	$2.3B
Operating Expenses	$5.0B	$2.5B	$5.6B	$2.9B	$5.9B	$2.8B	$6.5B	$2.8B
Operating Income	$5.6B	$7.2B	$1.7B	$6.2B	$5.3B	$4.4B	$4.8B	$1.6B
Operating Margin	8.9%	12.7%	2.3%	8.9%	5.9%	8.2%	4.7%	4.0%
Interest Expense	$0	$0	$0	$0	$479M	$408M	$1.1B	$1.1B
Income Before Tax	$5.5B	$7.2B	$2.6B	$4.7B	$2.4B	$2.2B	$2.7B	$286M
Tax Expense	$1.5B	$2.5B	$536M	$1.3B	$1.6B	$1.0B	$1.6B	$197M
Net Income	$918M	$2.5B	$573M	$2.0B	-$448M	$210M	-$139M	$82M
Net Margin	1.5%	4.4%	0.8%	2.9%	-0.5%	0.4%	-0.1%	0.2%
EPS (Diluted)	$0.36	$0.99	$0.23	$0.81	$-0.18	$0.08	$-0.05	$0.03
EBITDA	$5.8B	$7.5B	$2.0B	$6.5B	$5.5B	$4.7B	$5.1B	$1.9B
Shares Outstanding	2.55B	2.54B	2.53B	2.53B	2.53B	2.54B	2.54B	2.54B

3900.HK HKSE