49.20
+0.16%
Close of 9 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.
Revenue
HK$59.84bn
FY2016FY2025
Net income
HK$11.13bn
FY2016FY2025
Free cash flow
HK$16.20bn
FY2016FY2025
Shareholders' equity
HK$396.44bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$59.84bn | HK$45.53bn | HK$47.24bn | HK$56.34bn | HK$62.09bn | HK$57.62bn | HK$87.47bn | HK$50.37bn | HK$57.55bn | HK$69.30bn |
| Research and development | — | — | — | HK$0 | HK$0 | HK$0 | HK$0 | — | — | — |
| Operating income | HK$16.50bn | HK$10.08bn | HK$16.02bn | HK$17.86bn | HK$26.55bn | HK$25.00bn | HK$34.91bn | HK$21.41bn | HK$25.12bn | HK$25.70bn |
| Net income | HK$11.13bn | HK$13.94bn | HK$17.63bn | HK$21.97bn | HK$21.48bn | HK$16.83bn | HK$29.68bn | HK$40.66bn | HK$30.13bn | HK$19.41bn |
| Diluted earnings per share | 3.18 | 3.98 | 4.97 | 6.09 | 5.90 | 4.56 | 8.03 | 11.00 | 8.15 | 5.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$509.50bn | HK$501.78bn | HK$508.88bn | HK$514.82bn | HK$556.71bn | HK$520.70bn | HK$508.06bn | HK$475.94bn | HK$453.34bn | HK$396.84bn |
| Cash and short-term investments | HK$41.74bn | HK$36.07bn | HK$42.48bn | HK$61.20bn | HK$63.37bn | HK$59.52bn | HK$60.30bn | HK$55.42bn | HK$54.37bn | HK$61.53bn |
| Total liabilities | HK$108.75bn | HK$101.58bn | HK$109.45bn | HK$129.04bn | HK$178.37bn | HK$153.49bn | HK$146.82bn | HK$134.92bn | HK$144.16bn | HK$120.56bn |
| Debt | HK$56.61bn | HK$57.63bn | HK$60.72bn | HK$54.09bn | HK$102.98bn | HK$85.54bn | HK$87.05bn | HK$69.49bn | HK$71.99bn | HK$70.18bn |
| Shareholders' equity | HK$396.44bn | HK$395.60bn | HK$385.84bn | HK$387.56bn | HK$379.16bn | HK$360.84bn | HK$355.92bn | HK$335.19bn | HK$303.22bn | HK$270.20bn |
| Shares outstanding | 3,500m | 3,500m | 3,549m | 3,607m | 3,644m | 3,693m | 3,693m | 3,695m | 3,697m | 3,843m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$18.67bn | HK$11.87bn | HK$378.0m | HK$6.69bn | HK$25.15bn | HK$23.20bn | HK$41.22bn | HK$13.97bn | HK$49.59bn | HK$38.97bn |
| Capital spending | −HK$2.47bn | −HK$2.28bn | −HK$2.40bn | −HK$2.46bn | −HK$3.19bn | −HK$1.32bn | −HK$4.22bn | −HK$5.03bn | −HK$3.73bn | −HK$7.68bn |
| Free cash flow | HK$16.20bn | HK$9.59bn | −HK$2.02bn | HK$4.23bn | HK$21.96bn | HK$21.88bn | HK$37.00bn | HK$8.93bn | HK$45.85bn | HK$31.29bn |
| Dividends paid | −HK$6.09bn | −HK$7.05bn | −HK$8.17bn | −HK$8.08bn | −HK$6.89bn | −HK$7.09bn | −HK$7.20bn | −HK$6.47bn | −HK$5.84bn | −HK$5.50bn |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$41.01bn | HK$33.52bn | HK$25.39bn | HK$23.52bn | HK$22.01bn | HK$21.68bn | HK$25.56bn | HK$21.25bn |
| Operating income | HK$5.33bn | HK$6.18bn | HK$6.77bn | HK$5.74bn | HK$6.84bn | HK$6.42bn | HK$8.02bn | HK$6.29bn |
| Net income | HK$8.83bn | HK$4.69bn | HK$6.30bn | HK$5.20bn | HK$8.60bn | HK$7.01bn | HK$10.33bn | HK$8.75bn |
| Diluted earnings per share | 2.52 | 1.34 | 1.80 | 1.49 | 2.46 | 1.97 | 2.91 | 2.43 |
| Cash from operations | — | HK$15.00bn | HK$4.30bn | HK$10.34bn | HK$1.47bn | HK$4.68bn | −HK$3.63bn | −HK$1.43bn |
| Capital spending | — | −HK$2.47bn | — | −HK$2.28bn | — | −HK$2.40bn | — | −HK$2.46bn |
| Free cash flow | — | HK$12.53bn | — | HK$8.07bn | — | HK$2.27bn | — | −HK$3.89bn |
| Total assets | HK$498.82bn | HK$509.50bn | HK$515.60bn | HK$501.78bn | HK$504.46bn | HK$508.88bn | HK$503.98bn | HK$514.82bn |
| Cash and short-term investments | HK$67.63bn | HK$41.74bn | HK$33.01bn | HK$36.07bn | HK$32.40bn | HK$42.48bn | HK$43.82bn | HK$61.20bn |
| Debt | HK$10.09bn | HK$56.22bn | HK$59.39bn | HK$57.63bn | HK$61.47bn | HK$60.72bn | HK$54.92bn | HK$54.09bn |
| Shareholders' equity | HK$400.05bn | HK$396.44bn | HK$402.17bn | HK$395.60bn | HK$394.91bn | HK$385.84bn | HK$383.43bn | HK$379.63bn |
Financial ratios
Data as of 6 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 27.6% | 22.1% | 33.9% | 31.7% | 42.7% | 43.4% | — |
| Net margin | 18.6% | 30.6% | 37.3% | 39.0% | 34.6% | 29.2% | — |
| Return on equity | 2.8% | 3.5% | 4.6% | 5.7% | 5.7% | 4.7% | — |
| Return on assets | 2.2% | 2.8% | 3.5% | 4.3% | 3.9% | 3.2% | — |
| Free cash flow yield | 12.7% | 8.5% | 1.6% | 5.3% | 16.4% | 14.0% | — |
| Revenue growth | 31.4% | -3.6% | -16.1% | -9.3% | 7.8% | -34.1% | — |
| Earnings growth | -20.1% | -20.9% | -19.8% | 2.3% | 27.6% | -43.3% | — |
| Current ratio | 3.76x | 4.26x | 3.52x | 3.82x | 2.98x | 2.72x | — |
| Debt to equity | 0.13x | 0.13x | 0.14x | 0.13x | 0.26x | 0.22x | — |
| Equity ratio | 77.8% | 78.8% | 75.8% | 75.3% | 68.1% | 69.3% | — |
| Interest coverage | 8.48x | 4.97x | 10.12x | 15.23x | 22.31x | 13.28x | — |
| R&D as a share of sales | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -0.0% | 1.4% | 1.6% | 1.0% | 1.3% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.0% | 0.8% | 0.4% |
| Operating income | -2.6% | -8.0% | -2.4% |
| Net income | -20.3% | -7.9% | -4.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 25.2% | 28.9% | 34.1% | 36.9% |
| Net margin | 23.8% | 30.9% | 31.3% | 36.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.4 | 8.0 | 7.9 | 7.9 | 8.3 | 8.7 | 7.0 | 5.2 | 8.4 | 9.4 |
| Price to sales | 2.3 | 2.5 | 2.9 | 3.1 | 2.9 | 2.5 | 2.4 | 4.2 | 4.4 | 2.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 27 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.39 | 1.74 | 2.06 | 2.28 | 2.22 | 1.87 | 1.92 | 1.95 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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