Hop Fung Group Holdings Income Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	172.83	211.52	224.36	424.41	755.6	1,040
Revenue Growth (YoY)	-23.51%	-5.72%	-47.14%	-43.83%	-27.37%	-12.87%
Cost of Revenue	159.26	193.76	210.43	410.06	706.48	912.5
Gross Profit	13.57	17.77	13.93	14.35	49.12	127.87
Selling, General & Admin	48.27	51.56	59.49	109.22	108.71	118.24
Other Operating Expenses	53.72	55.78	62.42	89.99	22.88	21.42
Operating Expenses	101.96	107.31	122.09	199.06	129.77	139.66
Operating Income	-88.39	-89.54	-108.16	-184.71	-80.65	-11.79
Interest Expense	-3.47	-3.63	-3.56	-6.19	-8.44	-8.81
Interest & Investment Income	0.28	0.32	0.64	2.14	2.93	2.08
Currency Exchange Gain (Loss)	-0.09	-0.09	-0.21	-4.57	6.35	4.05
Other Non Operating Income (Expenses)	10.37	8.76	27.02	8.76	14.96	20.13
EBT Excluding Unusual Items	-81.3	-84.19	-84.26	-184.57	-64.85	5.66
Gain (Loss) on Sale of Assets	0.31	0.31	-0.51	0.28	6.45	0
Asset Writedown	-10.04	-10.04	-15.68	-6.95	-420.63	-
Other Unusual Items	0.01	0.01	-	-	-	0.84
Pretax Income	-91.03	-93.91	-100.46	-191.24	-479.04	6.5
Income Tax Expense	-1.07	1.32	0.34	1.49	-56.25	5.14
Net Income	-89.96	-95.23	-100.8	-192.73	-422.79	1.36
Net Income to Common	-89.96	-95.23	-100.8	-192.73	-422.79	1.36
Shares Outstanding (Basic)	818	818	818	818	818	818
Shares Outstanding (Diluted)	818	818	818	818	818	818
Shares Change (YoY)	-	-	-	-	-	0.88%
EPS (Basic)	-0.11	-0.12	-0.12	-0.24	-0.52	0.00
EPS (Diluted)	-0.11	-0.12	-0.12	-0.24	-0.52	0.00
Free Cash Flow	-29.29	-29.5	-40.87	-3.64	28.56	-28.06
Free Cash Flow Per Share	-0.04	-0.04	-0.05	-0.00	0.04	-0.03
Gross Margin	7.85%	8.40%	6.21%	3.38%	6.50%	12.29%
Operating Margin	-51.14%	-42.33%	-48.21%	-43.52%	-10.67%	-1.13%
Profit Margin	-52.05%	-45.02%	-44.93%	-45.41%	-55.95%	0.13%
Free Cash Flow Margin	-16.95%	-13.94%	-18.22%	-0.86%	3.78%	-2.70%
EBITDA	-37.76	-38.37	-53.84	-123.55	5.39	71.34
EBITDA Margin	-21.85%	-18.14%	-24.00%	-29.11%	0.71%	6.86%
D&A For EBITDA	50.63	51.18	54.32	61.16	86.04	83.13
EBIT	-88.39	-89.54	-108.16	-184.71	-80.65	-11.79
EBIT Margin	-51.14%	-42.33%	-48.21%	-43.52%	-10.67%	-1.13%
Effective Tax Rate	-	-	-	-	-	79.04%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.