GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
C

China Next-Gen Commerce and Supply Chain 3928.HK · HKD

Industrials · HKEX · 🇭🇰 Hong Kong

Compare

28.60

+0.14%

Close of 9 Nov 2026, in HKD

Search any instrument

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

At a glance

Figures in SGD, from our data supplier.

FY2025

Revenue

SGD 61.7m

FY2016FY2025

Net income

−SGD 880,913

FY2016FY2025

Free cash flow

−SGD 326,461

FY2016FY2025

Shareholders' equity

SGD 26.3m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueSGD 61.7mSGD 56.1mSGD 67.1mSGD 47.4mSGD 41.5mSGD 96.9mSGD 84.0mSGD 60.3mSGD 44.7m
Gross profitSGD 4.9mSGD 3.8mSGD 3.2m−SGD 5.0m−SGD 2.0mSGD 16.9mSGD 13.3mSGD 9.7mSGD 7.9m
Operating income−SGD 1.9m−SGD 2.3m−SGD 4.0m−SGD 13.6m−SGD 6.3mSGD 7.4mSGD 8.4mSGD 4.8mSGD 3.1m
Net income−SGD 880,913−SGD 1.0m−SGD 1.5m−SGD 11.2m−SGD 7.1mSGD 4.9mSGD 6.8mSGD 4.0mSGD 2.6m
Diluted earnings per share-0.00-0.00-0.00-0.02-0.010.010.020.010.01

Balance sheet

At each fiscal year end

FY2025FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsSGD 59.5mSGD 63.6mSGD 73.4mSGD 75.7mSGD 75.4mSGD 104.0mSGD 78.7mSGD 58.1mSGD 56.9m
Cash and short-term investmentsSGD 3.3mSGD 9.2mSGD 9.0mSGD 9.3mSGD 10.1mSGD 20.9mSGD 3.7mSGD 4.2mSGD 1.8m
Total liabilitiesSGD 33.1mSGD 35.7mSGD 44.4mSGD 45.2mSGD 39.9mSGD 51.8mSGD 52.0mSGD 31.8mSGD 34.5m
DebtSGD 15.7mSGD 19.5mSGD 25.4mSGD 28.9mSGD 21.4mSGD 26.2mSGD 25.5mSGD 17.6mSGD 14.7m
Shareholders' equitySGD 26.3mSGD 28.0mSGD 29.0mSGD 30.5mSGD 35.6mSGD 52.3mSGD 26.7mSGD 26.3mSGD 22.3m
Shares outstanding480m480m480m480m480m480m360m360m480m

Cash flow

Fiscal years

FY2025FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsSGD 68,124SGD 2.9mSGD 1.4mSGD 1.8m−SGD 4.9mSGD 1.4m−SGD 3.7mSGD 15.7mSGD 3.2m
Capital spending−SGD 394,585−SGD 1.5m−SGD 5,074−SGD 316,043−SGD 1.5m−SGD 1.0m−SGD 1.7m−SGD 10.0m−SGD 1.1m
Free cash flow−SGD 326,461SGD 1.4mSGD 1.4mSGD 1.5m−SGD 6.4mSGD 415,153−SGD 5.4mSGD 5.7mSGD 2.1m
Dividends paid—————−SGD 500,000−SGD 500,000−SGD 500,000−SGD 1.3m

Latest quarters

By quarter end

Mar 2026Sept 2025Mar 2025Sept 2024Mar 2024Dec 2023Sept 2023Jun 2023
RevenueSGD 16.2mSGD 29.8mSGD 5.2mSGD 5.3mSGD 3.9mSGD 11.8mSGD 24.2mSGD 12.1m
Gross profitSGD 263,466SGD 1.6mSGD 463,630SGD 333,994SGD 449,568SGD 1.4mSGD 2.0mSGD 1.0m
Operating income−SGD 5.6m−SGD 2.1mSGD 114,688−SGD 294,354SGD 129,418SGD 179,930−SGD 2.3m−SGD 1.1m
Net income−SGD 5.5m−SGD 1.3mSGD 67,453−SGD 169,097SGD 41,066SGD 125,758−SGD 1.3m−SGD 658,682
Diluted earnings per share-0.01-0.000.00-0.000.000.00-0.00-0.00
Cash from operations−SGD 8.0m−SGD 2.0m———SGD 1.0m——
Capital spending——————−SGD 1.0m—
Total assetsSGD 71.8mSGD 59.5mSGD 10.3mSGD 11.4mSGD 62.4mSGD 62.4mSGD 63.6mSGD 63.6m
Cash and short-term investmentsSGD 16.1mSGD 3.3mSGD 758,846SGD 1.0mSGD 9.5mSGD 9.5mSGD 8.3mSGD 9.2m
DebtSGD 10.8mSGD 16.1mSGD 2.4mSGD 3.0mSGD 18.9mSGD 10.8mSGD 18.3mSGD 10.7m
Shareholders' equitySGD 43.4mSGD 26.3mSGD 4.5mSGD 4.4mSGD 28.2mSGD 28.2mSGD 28.0mSGD 28.0m

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-2.0%9.2%—
Operating income-22.4%-21.5%—
Net income-16.1%-34.1%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin8.0%6.6%2.0%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Price to earnings-858.1-1400.8-107.0-31.6-6.8-10.718.2
Price to sales12.520.32.00.71.71.90.9

Sources and methodology

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

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.