11.19
+1.45%
Close of 9 Nov 2026, in HKD
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At a glance
Figures in USD, from our data supplier.
Revenue
$7.44bn
FY2016FY2025
Net income
$896.0m
FY2016FY2025
Free cash flow
$1.56bn
FY2016FY2025
Shareholders' equity
$1.40bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.44bn | $6.53bn | $1.60bn | $2.87bn | $1.69bn | $8.81bn | $8.66bn | $7.59bn | $6.54bn |
| Gross profit | $5.91bn | $5.24bn | $487.0m | $1.73bn | $549.0m | $7.33bn | $7.24bn | $6.21bn | $5.28bn |
| Operating income | $1.56bn | $1.71bn | −$1.16bn | −$537.0m | −$1.22bn | $2.40bn | $2.28bn | $1.80bn | $1.36bn |
| Net income | $896.0m | $692.0m | −$1.58bn | −$1.05bn | −$1.52bn | $2.03bn | $1.88bn | $1.60bn | $1.22bn |
| Diluted earnings per share | 0.11 | 0.09 | -0.20 | -0.13 | -0.19 | 0.25 | 0.23 | 0.20 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $10.57bn | $10.26bn | $10.56bn | $10.09bn | $10.55bn | $12.10bn | $12.06bn | $10.65bn | $11.18bn |
| Cash and short-term investments | $1.50bn | $1.36bn | $790.0m | $678.0m | $861.0m | $2.51bn | $2.68bn | $1.24bn | $1.28bn |
| Total liabilities | $9.17bn | $10.26bn | $11.26bn | $9.21bn | $8.62bn | $7.65bn | $7.65bn | $6.11bn | $6.18bn |
| Debt | $7.10bn | $8.33bn | $10.20bn | $7.95bn | $7.04bn | $5.59bn | $5.55bn | $4.41bn | $4.37bn |
| Shareholders' equity | $1.40bn | −$4.0m | −$700.0m | $888.0m | $1.93bn | $4.45bn | $4.41bn | $4.54bn | $5.01bn |
| Shares outstanding | 8,093m | 8,093m | 8,093m | 8,093m | 8,090m | 8,092m | 8,085m | 8,024m | 8,056m |
Cash flow
Fiscal years
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $2.10bn | $2.29bn | −$473.0m | $88.0m | −$816.0m | $2.81bn | $3.05bn | $2.63bn | $2.35bn |
| Capital spending | −$543.0m | −$201.0m | −$203.0m | −$564.0m | −$1.02bn | −$720.0m | −$492.0m | −$423.0m | −$1.03bn |
| Free cash flow | $1.56bn | $2.09bn | −$676.0m | −$476.0m | −$1.83bn | $2.09bn | $2.56bn | $2.20bn | $1.31bn |
| Dividends paid | −$518.0m | — | — | — | −$1.03bn | −$2.05bn | −$2.05bn | −$2.07bn | −$2.07bn |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.32bn | $3.95bn | $3.49bn | $449.8m | $452.6m | $463.9m | $2.90bn | $690.0m |
| Gross profit | $1.14bn | $3.11bn | $2.80bn | $162.5m | $370.2m | $374.9m | $2.29bn | $111.0m |
| Operating income | $556.7m | $646.0m | $585.0m | $86.4m | $87.7m | $101.0m | $433.0m | −$591.0m |
| Net income | $397.0m | $483.0m | $413.0m | $64.2m | $69.0m | $65.9m | $175.0m | −$822.0m |
| Diluted earnings per share | 0.05 | 0.06 | 0.05 | 0.01 | 0.01 | 0.01 | 0.02 | -0.10 |
| Cash from operations | $751.0m | $1.17bn | $937.0m | $131.0m | $132.0m | $1.25bn | $1.05bn | −$192.0m |
| Capital spending | −$162.0m | −$221.0m | −$322.0m | −$83.0m | −$26.0m | −$135.0m | −$66.0m | −$71.0m |
| Free cash flow | $589.0m | $947.0m | $615.0m | $48.0m | $106.0m | $1.11bn | $980.0m | −$263.0m |
| Total assets | $9.63bn | $10.57bn | $10.08bn | $1.42bn | $10.55bn | $10.26bn | $10.27bn | $10.56bn |
| Cash and short-term investments | $850.9m | $1.50bn | $985.0m | $251.1m | $1.79bn | $1.36bn | $1.23bn | $790.0m |
| Debt | $6.39bn | $7.10bn | $7.09bn | $1.04bn | $8.02bn | $8.33bn | $9.15bn | $10.18bn |
| Shareholders' equity | $1.29bn | $1.40bn | $1.12bn | $131.4m | $527.0m | −$4.0m | −$526.0m | −$700.0m |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 79.4% | 59.0% | 80.1% | 30.3% | 60.1% | 32.5% |
| Operating margin | 21.0% | 19.3% | 26.2% | -72.5% | -18.7% | -72.1% |
| Net margin | 12.0% | 14.8% | 10.6% | -98.6% | -36.5% | -90.3% |
| Return on equity | 64.0% | 101.4% | -17300.0% | 226.0% | -118.0% | -79.0% |
| Return on assets | 8.5% | 9.4% | 6.7% | -15.0% | -10.4% | -14.4% |
| Free cash flow yield | 2.7% | 3.0% | 2.6% | -0.3% | 0.7% | 0.2% |
| Revenue growth | 5.1% | 8.4% | 307.1% | -44.2% | 70.4% | -80.8% |
| Earnings growth | -14.3% | 51.0% | -143.7% | 51.0% | -31.2% | -174.9% |
| Current ratio | 0.85x | 0.76x | 1.23x | 0.65x | 0.82x | 0.77x |
| Debt to equity | 4.96x | 7.78x | -2046.50x | -14.38x | 8.97x | 3.66x |
| Equity ratio | 13.3% | 9.2% | -0.0% | -6.6% | 8.8% | 18.3% |
| Interest coverage | 4.82x | 3.58x | 3.44x | -2.83x | -1.59x | -4.89x |
| Buybacks as a share of market value | 0.0% | 0.0% | -0.0% | 0.0% | -0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 66.8% | 34.6% | 1.1% |
| Operating income | — | — | 0.1% |
| Net income | — | — | -4.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 77.2% | 73.8% | 68.6% | 77.4% |
| Operating margin | 20.8% | 13.8% | 2.5% | 16.7% |
| Net margin | 12.3% | 0.8% | -11.6% | 9.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.8 | 163.5 | 34.2 | -17.0 | -18.0 | -23.3 | 21.3 | 18.9 | 25.8 | 28.6 |
| Price to sales | 2.7 | 24.1 | 3.6 | 16.8 | 6.6 | 21.1 | 4.9 | 4.1 | 5.5 | 5.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 28 Aug 2025.
| FY2025 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.016 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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