Also trades as: 0488.HK (HKSE) · $vol 0M

$0.05

+0.00 (+0.00%)

OTC · Real Estate · Real Estate - Diversified · Tech Score Strong Sell · Power 41 · $72.7M mcap · 365M float · 0.0000% daily turnover

Revenue

$4.9B -18.3% ▼

5Y CAGR: -1.9%

Gross Profit

$990M -35.3% ▼

5Y CAGR: +1.6%

Operating Income

-$835M +47.5% ▲

Net Income

-$2.9B +21.8% ▲

EPS (Diluted)

$-1.98 +21.7% ▲

EBITDA

-$1.5B +13.4% ▲

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$6.2B	$5.1B	$4.9B	$6.0B	$4.9B
YoY Growth	+15.0%	-17.9%	-3.8%	+22.4%	-18.3%
Cost of Revenue	$5.5B	$4.4B	$4.9B	$4.5B	$3.9B
Gross Profit	$702M	$969M	$329M	$1.5B	$990M
Gross Margin	11.3%	19.0%	6.7%	25.5%	20.2%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$1.1B	$1.1B	$1.2B	$1.1B	$961M
Operating Expenses	$2.5B	$1.5B	$3.0B	$3.1B	$1.8B
Operating Income	-$866M	-$1.1B	-$2.3B	-$1.6B	-$835M
Operating Margin	-14.0%	-22.5%	-47.1%	-26.5%	-17.0%
Interest Expense	$698M	$794M	$1.0B	$1.2B	$1.0B
Income Before Tax	-$1.9B	-$2.1B	-$3.5B	-$3.7B	-$3.1B
Tax Expense	$256M	$263M	-$59M	$396M	$47M
Net Income	-$2.1B	-$2.0B	-$3.0B	-$3.7B	-$2.9B
Net Margin	-33.7%	-38.6%	-60.5%	-61.3%	-58.7%
EPS (Diluted)	$-1.92	$-2.13	$-2.45	$-2.53	$-1.98
EBITDA	-$1.2B	-$246M	-$1.1B	-$1.7B	-$1.5B
Shares Outstanding	1.09B	922M	1.21B	1.45B	1.45B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$2.6B	$2.6B	$2.6B	$3.0B	$3.3B	$2.5B	$2.4B	$2.7B
Cost of Revenue	$2.2B	$1.9B	$3.0B	$2.0B	$2.8B	$1.6B	$2.3B	$2.4B
Gross Profit	$391M	$694M	-$413M	$1.1B	$425M	$943M	$48M	$279M
Gross Margin	15.0%	26.3%	-15.9%	35.3%	13.1%	37.0%	2.0%	10.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$539M	$602M	$606M	$562M	-$1.3B	$499M	$462M	$459M
Operating Expenses	$2.0B	$1.9B	$1.5B	$2.0B	$577M	$480M	$1.3B	$355M
Operating Income	-$883M	-$63M	-$1.4B	-$900M	-$833M	$463M	-$1.3B	-$76M
Operating Margin	-34.0%	-2.4%	-54.3%	-29.6%	-25.6%	18.2%	-55.2%	-2.8%
Interest Expense	$614M	$764M	$822M	$622M	$0	$538M	$69M	$532M
Income Before Tax	-$1.4B	-$1.4B	-$2.0B	-$1.9B	-$1.4B	-$97M	-$3.0B	-$1.3B
Tax Expense	$134M	$50M	-$109M	$109M	$287M	$115M	-$68M	$48M
Net Income	-$1.5B	-$1.4B	-$1.6B	-$1.9B	-$1.8B	-$118M	-$2.8B	-$1.2B
Net Margin	-57.2%	-51.5%	-61.8%	-61.0%	-56.0%	-4.6%	-117.2%	-43.0%
EPS (Diluted)	$-1.53	$-1.40	$-1.10	$-1.28	$-1.25	$-0.08	$-1.90	$-0.80
EBITDA	-$421M	$364M	-$1.0B	$323M	-$410M	$318M	-$1.8B	-$486M
Shares Outstanding	969M	974M	1.45B	1.45B	1.45B	1.45B	185M	186M

LVSDF OTC