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Horizon Construction Development 9930.HK · HKD

Industrials · HKEX · 🇭🇰 Hong Kong

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0.51

-1.92%

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 CNY, from our data supplier.

FY2025

Revenue

CN¥9.12bn

FY2018FY2025

Net income

CN¥143.2m

FY2018FY2025

Free cash flow

CN¥2.02bn

FY2018FY2025

Shareholders' equity

CN¥11.33bn

FY2018FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
RevenueCN¥9.12bnCN¥11.58bnCN¥9.61bnCN¥7.88bnCN¥7.13bnCN¥3.66bnCN¥2.62bnCN¥1.98bn
Gross profitCN¥2.40bnCN¥3.77bnCN¥3.76bnCN¥3.13bnCN¥3.30bnCN¥1.65bnCN¥1.28bnCN¥968.0m
Research and developmentCN¥265.2mCN¥413.4mCN¥362.7mCN¥270.6mCN¥251.5mCN¥153.6mCN¥89.2mCN¥56.2m
Operating incomeCN¥830.3mCN¥1.92bnCN¥2.02bnCN¥1.82bnCN¥1.80bnCN¥880.9mCN¥775.2mCN¥532.8m
Net incomeCN¥143.2mCN¥896.3mCN¥962.4mCN¥664.3mCN¥823.7mCN¥448.4mCN¥313.2mCN¥173.6m
Diluted earnings per share0.050.280.300.210.260.140.100.05

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Total assetsCN¥36.38bnCN¥36.43bnCN¥31.24bnCN¥30.29bnCN¥31.30bnCN¥15.64bnCN¥9.05bnCN¥7.11bn
Cash and short-term investmentsCN¥2.67bnCN¥1.78bnCN¥2.17bnCN¥2.16bnCN¥762.7mCN¥165.8mCN¥135.3mCN¥175.2m
Total liabilitiesCN¥25.05bnCN¥24.98bnCN¥20.46bnCN¥23.62bnCN¥24.32bnCN¥10.34bnCN¥8.79bnCN¥6.21bn
DebtCN¥20.94bnCN¥21.54bnCN¥18.03bnCN¥21.34bnCN¥17.82bnCN¥8.69bnCN¥2.70bnCN¥2.80bn
Shareholders' equityCN¥11.33bnCN¥11.46bnCN¥10.78bnCN¥6.67bnCN¥6.98bnCN¥5.30bnCN¥66.3mCN¥757.5m
Shares outstanding3,134m3,168m3,197m3,197m3,197m3,197m3,197m3,197m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash from operationsCN¥4.24bnCN¥4.20bnCN¥3.95bnCN¥2.82bnCN¥2.84bnCN¥1.03bnCN¥914.6mCN¥809.3m
Capital spending−CN¥2.22bn−CN¥7.52bn−CN¥2.43bn−CN¥3.83bn−CN¥12.47bn−CN¥6.91bn−CN¥1.78bn−CN¥1.56bn
Free cash flowCN¥2.02bn−CN¥3.32bnCN¥1.52bn−CN¥1.01bn−CN¥9.63bn−CN¥5.88bn−CN¥868.1m−CN¥747.9m
Dividends paid−CN¥134.6m−CN¥136.7m———−CN¥14.3m−CN¥373.1m—

Latest quarters

By quarter end

Jun 2026Dec 2025Jun 2025Dec 2024Jun 2024Dec 2023Jun 2023Dec 2022
RevenueCN¥3.97bnCN¥4.93bnCN¥4.26bnCN¥6.84bnCN¥4.91bnCN¥5.29bnCN¥4.39bnCN¥4.25bn
Gross profitCN¥1.10bnCN¥1.50bnCN¥921.7mCN¥2.26bnCN¥1.57bnCN¥2.27bnCN¥1.50bnCN¥1.74bn
Operating incomeCN¥253.8mCN¥505.5mCN¥331.5mCN¥1.11bnCN¥726.1mCN¥1.19bnCN¥765.8mCN¥1.14bn
Net incomeCN¥36.1mCN¥109.6mCN¥34.8mCN¥639.9mCN¥270.4mCN¥709.5mCN¥247.8mCN¥500.0m
Diluted earnings per share0.010.030.010.200.090.220.080.16
Cash from operationsCN¥954.0mCN¥2.68bnCN¥1.63bnCN¥3.31bnCN¥761.0mCN¥2.45bnCN¥961.0mCN¥1.39bn
Capital spending−CN¥521.0m−CN¥1.60bn−CN¥645.0m−CN¥4.45bn−CN¥3.19bn−CN¥1.48bn−CN¥918.0m−CN¥997.0m
Free cash flowCN¥433.0mCN¥1.07bnCN¥981.0m−CN¥1.13bn−CN¥2.43bnCN¥970.0mCN¥43.0mCN¥397.0m
Total assetsCN¥35.80bnCN¥36.38bnCN¥36.58bnCN¥36.43bnCN¥35.27bnCN¥31.24bnCN¥30.60bnCN¥30.29bn
Cash and short-term investmentsCN¥2.37bnCN¥2.67bnCN¥2.18bnCN¥1.78bnCN¥1.93bnCN¥2.17bnCN¥2.36bnCN¥2.16bn
DebtCN¥7.62bnCN¥20.94bnCN¥21.88bnCN¥21.56bnCN¥20.22bnCN¥18.06bnCN¥7.34bnCN¥6.23bn
Shareholders' equityCN¥11.06bnCN¥11.33bnCN¥11.33bnCN¥11.46bnCN¥11.03bnCN¥10.78bnCN¥10.05bnCN¥6.67bn

Financial ratios

Data as of 25 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin26.4%32.6%39.1%39.8%46.3%45.0%
Operating margin10.8%17.3%21.4%23.1%25.3%25.8%
Net margin1.6%7.7%10.0%8.4%11.6%12.2%
Return on equity1.3%7.8%8.9%10.0%11.8%8.5%
Return on assets0.4%2.5%3.1%2.2%2.6%2.9%
Free cash flow yield204.9%201.1%187.2%133.8%——
Revenue growth-21.3%20.5%22.0%28.3%67.6%39.9%
Earnings growth-84.0%-6.9%44.9%-6.4%58.3%43.2%
Current ratio1.10x1.20x1.20x1.26x1.00x0.94x
Debt to equity1.81x1.84x1.63x3.19x2.96x0.59x
Equity ratio31.1%31.4%34.5%22.0%22.3%33.9%
Interest coverage1.26x2.49x2.47x1.97x2.39x3.11x
R&D as a share of sales2.9%3.6%3.8%3.4%3.5%4.2%
Buybacks as a share of market value1.1%0.9%0.0%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue5.0%20.0%—
Operating income-23.0%-1.2%—
Net income-40.0%-20.4%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin29.8%34.2%36.8%—
Operating margin13.3%17.3%18.9%—
Net margin5.0%7.0%8.0%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023
Price to earnings20.34.18.3
Price to sales0.30.30.8

Dividends and splits

Per share, in the currency the company pays

Paid for 2 years. Last went ex-dividend on 5 Jun 2025.

FY2025FY2024
Paid in the year0.0450.05

Sources and methodology

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

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