Tai Hing Group Holdings Limited (HKG:6811)

Tai Hing Group Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,392	3,292	3,212	2,675	3,173	2,798
Revenue Growth (YoY)	4.16%	2.49%	20.07%	-15.69%	13.41%	-13.97%
Cost of Revenue	889.95	858.42	842.64	754.77	896.75	839.95
Gross Profit	2,502	2,434	2,369	1,920	2,276	1,958
Selling, General & Admin	1,204	1,189	1,134	1,007	1,082	984.04
Other Operating Expenses	467.04	456.07	451.73	405.7	408.78	362.98
Operating Expenses	2,302	2,283	2,203	2,010	2,119	1,996
Operating Income	199.94	150.54	166.08	-90.09	157.01	-38.48
Interest Expense	-39.71	-37.43	-30.02	-29.44	-34.86	-46.67
Interest & Investment Income	5.09	6.31	5.91	2.28	2.11	7.52
Currency Exchange Gain (Loss)	-0.4	0.51	-	-0.79	0.07	0.63
Other Non Operating Income (Expenses)	9.35	10.26	12.56	12.4	13.66	10.4
EBT Excluding Unusual Items	174.28	130.19	154.53	-105.64	137.99	-66.59
Gain (Loss) on Sale of Assets	-2.55	-4.57	-11.43	-25.08	-16.34	-29.63
Asset Writedown	-51.53	-47.44	-27.14	-39.89	-43.93	-47.82
Other Unusual Items	-1.56	-	-	127.14	50.58	265.34
Pretax Income	118.65	78.18	115.96	-43.46	128.3	121.3
Income Tax Expense	25.86	15.49	22.11	-0.39	32.95	3.54
Earnings From Continuing Operations	92.78	62.69	93.85	-43.07	95.36	117.76
Minority Interest in Earnings	0.06	0.06	-0.01	-0.08	4.36	1.2
Net Income	92.84	62.75	93.84	-43.15	99.72	118.96
Net Income to Common	92.84	62.75	93.84	-43.15	99.72	118.96
Net Income Growth	56.75%	-33.13%	-	-	-16.18%	54.77%
Shares Outstanding (Basic)	989	1,005	1,005	1,004	1,003	1,001
Shares Outstanding (Diluted)	989	1,005	1,005	1,004	1,005	1,004
Shares Change (YoY)	-1.61%	-0.01%	0.10%	-0.07%	0.07%	12.69%
EPS (Basic)	0.09	0.06	0.09	-0.04	0.10	0.12
EPS (Diluted)	0.09	0.06	0.09	-0.04	0.10	0.12
EPS Growth	59.36%	-33.12%	-	-	-16.22%	37.35%
Free Cash Flow	613.87	561.2	549.55	371.2	563.82	525.4
Free Cash Flow Per Share	0.62	0.56	0.55	0.37	0.56	0.52
Dividend Per Share	0.060	0.050	0.069	0.050	0.074	0.077
Dividend Growth	-	-27.54%	38.00%	-32.89%	-3.50%	53.17%
Gross Margin	73.76%	73.92%	73.77%	71.79%	71.74%	69.98%
Operating Margin	5.90%	4.57%	5.17%	-3.37%	4.95%	-1.38%
Profit Margin	2.74%	1.91%	2.92%	-1.61%	3.14%	4.25%
Free Cash Flow Margin	18.10%	17.05%	17.11%	13.88%	17.77%	18.78%
EBITDA	327.29	284.5	296.78	54.34	314.66	116.81
EBITDA Margin	9.65%	8.64%	9.24%	2.03%	9.92%	4.17%
D&A For EBITDA	127.34	133.96	130.7	144.43	157.65	155.29
EBIT	199.94	150.54	166.08	-90.09	157.01	-38.48
EBIT Margin	5.90%	4.57%	5.17%	-3.37%	4.95%	-1.38%
Effective Tax Rate	21.80%	19.81%	19.07%	-	25.68%	2.92%
Advertising Expenses	-	30.86	35.1	34.09	38.5	25.3

Source: S&P Global Market Intelligence. Standard template. Financial Sources.