China Next-Gen Commerce and Supply Chain Limited (HKG:3928)

Hong Kong · Delayed Price · Currency is HKD

26.94

-0.18 (-0.66%)

Jul 29, 2026, 4:08 PM HKT

HKG:3928 Financials Overview

Financials in millions SGD. Fiscal year is October - September.

Millions SGD. Fiscal year is Oct - Sep.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	46	61.66	55.97	56.06	67.09	47.43
Revenue Growth	-25.40%	10.15%	-0.15%	-16.45%	41.46%	14.22%
Gross Profit	2.85	4.91	4.8	3.81	3.22	-5.03
Operating Income	-7.55	-1.72	-1.04	-3.21	-4.73	-13.62
Net Income	-6.86	-0.88	-0.78	-1.04	-1.49	-11.19
Earnings Per Share	-0.01	-0.00	-0.00	-0.00	-0.00	-0.02
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Construction Services	44.39	61.11	55.47	55.59	66.58	47.13
Property Investment	0.49	0.54	0.51	0.47	0.51	0.3
Total	46	61.66	55.97	56.06	67.09	47.43

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Cash & Investments	17.75	5.25	7.65	9.15	9.7	9.93
Total Debt	11.79	15.62	18.56	19.5	25.41	28.91
Net Cash (Debt)	5.96	-10.37	-10.91	-10.34	-15.71	-18.97
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	0.01	-0.02	-0.02	-0.02	-0.03	-0.04

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Operating Cash Flow	-11.38	0.07	3.14	2.94	1.39	1.77
Capital Expenditures	-0.99	-0.39	-1.92	-1.53	-0.01	-0.32
Free Cash Flow	-12.37	-0.33	1.22	1.41	1.39	1.46
Free Cash Flow Growth	-	-	-13.15%	1.46%	-4.75%	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Gross Margin	6.20%	7.96%	8.57%	6.79%	4.79%	-10.61%
Operating Margin	-16.42%	-2.79%	-1.85%	-5.73%	-7.04%	-28.71%
Pretax Margin	-14.91%	-1.43%	-1.40%	-2.28%	-2.17%	-23.89%
Profit Margin	-14.92%	-1.43%	-1.40%	-1.85%	-2.23%	-23.60%
FCF Margin	-26.90%	-0.53%	2.18%	2.51%	2.07%	3.07%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 29, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
P/FCF Ratio	-	-	252.85	71.37	51.87	55.15
PS Ratio	48.08	6.33	5.52	1.79	1.07	1.69