S 
Shangshan Gold International Holdings 1939.HK · HKD
Consumer Discretionary · HKEX · 🇭🇰 Hong Kong
0.61
-2.42%
Close of 9 Nov 2026, in HKD
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At a glance
Figures in HKD, from our data supplier.
Revenue
HK$107.4m
FY2017FY2026
Net income
−HK$21.8m
FY2017FY2026
Free cash flow
−HK$54.7m
FY2017FY2026
Shareholders' equity
HK$287.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$107.4m | HK$62.1m | HK$57.9m | HK$72.8m | HK$79.6m | HK$80.8m | HK$107.6m | HK$166.1m | HK$173.3m | HK$148.0m |
| Operating income | −HK$18.1m | −HK$15.2m | −HK$25.9m | −HK$8.5m | HK$8.9m | HK$17.2m | HK$9.6m | HK$15.0m | HK$58.2m | HK$41.3m |
| Net income | −HK$21.8m | −HK$19.5m | −HK$26.9m | −HK$8.3m | HK$8.4m | HK$8.4m | HK$8.4m | HK$8.6m | HK$44.1m | HK$30.8m |
| Diluted earnings per share | -0.04 | -0.04 | -0.05 | -0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.10 | 0.06 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$449.8m | HK$395.0m | HK$396.6m | HK$466.0m | HK$581.1m | HK$594.7m | HK$512.1m | HK$551.0m | HK$570.3m | HK$374.1m |
| Cash and short-term investments | HK$135.6m | HK$76.5m | HK$69.1m | HK$67.3m | HK$108.7m | HK$153.6m | HK$82.6m | HK$236.5m | HK$70.4m | HK$214.2m |
| Total liabilities | HK$159.6m | HK$170.4m | HK$157.7m | HK$202.9m | HK$297.1m | HK$308.2m | HK$228.0m | HK$264.1m | HK$459.9m | HK$266.3m |
| Debt | HK$34.7m | HK$43.8m | HK$52.3m | HK$53.4m | HK$69.0m | HK$85.5m | HK$62.1m | HK$35.8m | HK$49.3m | HK$7.8m |
| Shareholders' equity | HK$287.0m | HK$221.3m | HK$235.6m | HK$259.3m | HK$279.9m | HK$282.2m | HK$279.9m | HK$280.3m | HK$103.7m | HK$98.3m |
| Shares outstanding | 504m | 500m | 500m | 500m | 500m | 500m | 500m | 434m | 434m | 500m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$54.2m | HK$37.2m | −HK$6.2m | −HK$16.5m | −HK$23.3m | HK$60.8m | −HK$144.7m | HK$14.4m | −HK$112.3m | HK$25.8m |
| Capital spending | −HK$427,000 | −HK$110,000 | −HK$4.8m | −HK$725,000 | −HK$895,000 | −HK$9.2m | −HK$1.5m | −HK$682,000 | −HK$5.4m | −HK$1.4m |
| Free cash flow | −HK$54.7m | HK$37.0m | −HK$10.9m | −HK$17.2m | −HK$24.2m | HK$51.6m | −HK$146.2m | HK$13.7m | −HK$117.6m | HK$24.4m |
| Dividends paid | — | — | — | −HK$5.0m | −HK$5.0m | −HK$5.0m | −HK$9.9m | −HK$9.9m | −HK$43.2m | −HK$9.9m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$31.0m | HK$76.5m | HK$30.2m | HK$31.9m | HK$25.7m | HK$32.2m | HK$16.1m | HK$27.3m |
| Operating income | −HK$21.5m | HK$3.8m | −HK$16.0m | −HK$251,000 | −HK$28.1m | HK$2.0m | HK$988,000 | −HK$18.5m |
| Net income | −HK$22.2m | HK$427,000 | −HK$18.3m | −HK$1.1m | −HK$28.5m | HK$1.6m | HK$844,000 | −HK$15.9m |
| Diluted earnings per share | -0.04 | 0.00 | -0.04 | -0.00 | -0.06 | 0.00 | 0.00 | -0.03 |
| Cash from operations | −HK$48.0m | −HK$5.0m | HK$28.0m | HK$8.0m | −HK$38.0m | HK$32.0m | — | −HK$26.0m |
| Capital spending | — | — | — | — | −HK$2.0m | −HK$2.0m | — | — |
| Free cash flow | — | — | — | — | −HK$40.0m | HK$30.0m | — | — |
| Total assets | HK$449.8m | HK$453.6m | HK$395.0m | HK$432.3m | HK$396.6m | HK$436.0m | HK$436.0m | HK$466.0m |
| Cash and short-term investments | HK$135.6m | HK$78.6m | HK$76.5m | HK$73.8m | HK$69.1m | HK$79.1m | HK$101.1m | HK$67.3m |
| Debt | HK$33.2m | HK$39.5m | HK$43.8m | HK$49.4m | HK$52.3m | HK$40.2m | HK$29.2m | HK$53.4m |
| Shareholders' equity | HK$287.0m | HK$223.0m | HK$221.3m | HK$239.1m | HK$235.6m | HK$255.3m | HK$258.7m | HK$259.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.9% | 5.9% | -2.5% |
| Operating income | 28.7% | — | — |
| Net income | 38.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -19.7% | -22.6% | -9.0% | 9.5% |
| Net margin | -24.3% | -25.5% | -12.9% | 4.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.1 | -25.7 | -2.5 | -11.0 | 8.5 | 15.6 | 8.0 | 10.9 | 4.0 |
| Price to sales | 3.0 | 8.1 | 1.1 | 1.3 | 0.9 | 1.6 | 0.6 | 0.6 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Sept 2022.
| FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.01 | 0.02 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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