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A

Asia Commercial Holdings 104.HK · HKD

Consumer Discretionary · HKEX · 🇭🇰 Hong Kong

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0.22

-0.45%

Close of 6 Nov 2026, in HKD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in HKD, from our data supplier.

FY2025

Revenue

HK$709.4m

FY2016FY2025

Net income

HK$24.5m

FY2016FY2025

Free cash flow

HK$103.0m

FY2016FY2025

Shareholders' equity

HK$442.0m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueHK$709.4mHK$705.4mHK$710.6mHK$784.8mHK$1.16bnHK$800.1mHK$934.5mHK$991.4mHK$850.2mHK$834.4m
Gross profitHK$232.5mHK$234.4mHK$228.9mHK$225.1mHK$232.2mHK$198.8mHK$284.3mHK$222.4mHK$188.1mHK$165.7m
Operating incomeHK$107.8mHK$105.0mHK$120.0mHK$103.5mHK$80.6mHK$5.0mHK$87.1mHK$42.5mHK$10.3m−HK$31.0m
Net incomeHK$24.5mHK$26.2mHK$43.7mHK$83.8mHK$58.5m−HK$146.2mHK$70.5mHK$62.9mHK$31.1m−HK$35.7m
Diluted earnings per share0.030.040.060.110.08-0.200.090.080.04-0.05

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsHK$713.0mHK$772.6mHK$821.0mHK$869.9mHK$814.7mHK$806.8mHK$816.2mHK$656.7mHK$687.7mHK$704.8m
Cash and short-term investmentsHK$179.3mHK$165.0mHK$194.5mHK$207.7mHK$131.2mHK$69.5mHK$102.2mHK$92.8mHK$26.9mHK$34.0m
Total liabilitiesHK$271.0mHK$328.1mHK$360.3mHK$401.4mHK$401.1mHK$463.3mHK$293.1mHK$153.9mHK$257.9mHK$299.1m
DebtHK$165.5mHK$205.7mHK$229.6mHK$259.1mHK$260.3mHK$334.7mHK$130.7mHK$14.4mHK$110.3mHK$102.0m
Shareholders' equityHK$442.0mHK$444.5mHK$460.7mHK$468.5mHK$413.6mHK$343.5mHK$523.1mHK$502.8mHK$429.8mHK$405.8m
Shares outstanding747m747m747m747m747m747m781m783m783m783m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsHK$103.3mHK$70.5mHK$95.8mHK$168.5mHK$136.9mHK$62.4mHK$46.4mHK$165.6m−HK$9.3mHK$9.9m
Capital spending−HK$337,000−HK$2.8m−HK$11.9m−HK$3.7m−HK$3.3m−HK$14.1m−HK$8.1m−HK$2.7m−HK$2.8m−HK$5.0m
Free cash flowHK$103.0mHK$67.7mHK$84.0mHK$164.9mHK$133.6mHK$48.4mHK$38.3mHK$162.9m−HK$12.0mHK$4.9m
Dividends paid−HK$26.0m−HK$35.0m−HK$40.0m−HK$40.0m—−HK$19.1m−HK$40.1m———

Latest quarters

By quarter end

Sept 2025Mar 2025Sept 2024Mar 2024Sept 2023Jun 2023Mar 2023Sept 2022
RevenueHK$308.8mHK$371.5mHK$337.8mHK$367.4mHK$338.0mHK$169.0mHK$419.7mHK$290.9m
Gross profitHK$100.0mHK$122.9mHK$109.6mHK$122.6mHK$111.7mHK$55.9mHK$133.9mHK$94.9m
Operating incomeHK$52.5mHK$47.8mHK$62.2mHK$55.4mHK$52.0mHK$23.5mHK$94.5mHK$27.7m
Net incomeHK$32.8m−HK$11.4mHK$35.8m−HK$4.5mHK$30.7mHK$15.4mHK$36.7mHK$7.0m
Diluted earnings per share0.04-0.020.05-0.010.040.020.050.01
Cash from operationsHK$48.0mHK$59.0mHK$43.0mHK$41.0mHK$29.0m—HK$76.0mHK$19.0m
Capital spending————−HK$2.0m—−HK$5.0m−HK$6.0m
Free cash flow————HK$27.0m—HK$71.0mHK$13.0m
Total assetsHK$666.2mHK$713.0mHK$736.6mHK$772.6mHK$743.9mHK$743.9mHK$821.0mHK$740.9m
Cash and short-term investmentsHK$139.7mHK$179.3mHK$126.4mHK$165.0mHK$118.1mHK$118.1mHK$194.5mHK$102.1m
DebtHK$89.5mHK$148.1mHK$137.3mHK$184.7mHK$163.2mHK$163.2mHK$209.6mHK$176.9m
Shareholders' equityHK$462.4mHK$442.0mHK$462.1mHK$444.5mHK$447.3mHK$447.3mHK$460.7mHK$413.5m

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-3.3%-2.4%-0.1%
Operating income1.4%84.6%—
Net income-33.7%——

Average margins

Over each period

1 year3 years5 years10 years
Gross margin33.0%31.6%27.7%25.6%
Operating margin15.0%15.0%10.7%6.1%
Net margin3.6%6.1%1.9%2.0%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings6.86.65.41.82.7-1.24.94.910.6-9.0
Price to sales0.20.20.30.20.10.20.40.30.40.4

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 1 Sept 2025.

FY2026FY2025FY2024FY2023FY2022FY2020FY2019FY2012
Paid in the year0.0270.0350.0470.0540.0540.0260.0510.04
  • 2-to-1 reverse split · 13 Jul 2018
  • 10-to-1 reverse split · 8 Jan 2013
  • 5-for-1 split · 15 Nov 2010
  • 1.076-for-1 split · 29 Jul 1993
  • 5-for-4 split · 16 Aug 1990

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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