Revenue and profitability:
- Revenue (Q4 2024): HKD 11,064,279,472; QoQ change +34.41%; YoY change -7.25% (notes: four-quarters data imply volatility in quarterly comparables; reported YoY figure appears inconsistent with raw quarterly revenue figures).
- Gross Profit: HKD 503,965,138; Gross Margin: 4.56%.
- Operating Income: HKD -538,137,837; Operating Margin: -4.86%.
- EBITDA: HKD 214,407,890; EBITDA Margin: 1.94%.
- Net Income: HKD -781,191,308; Net Margin: -7.06%; EPS: -0.34.
- Interest Expense: HKD 184,897,723; Depreciation & Amortization: HKD 786,876,814.
Cash flow and capital allocation:
- Net cash provided by operating activities: HKD 2,247,764,956.
- Capital expenditures: HKD -2,322,517,326.
- Free cash flow: HKD -74,752,370.
- Cash and cash equivalents (period end): HKD 4,285,731,000; Cash and short-term investments: HKD 4,401,593,000; Total cash at end of period: HKD 9,312,697,461.
- Net debt: HKD 5,741,463,000; Debt total: HKD 10,027,194,000.
Balance sheet and liquidity:
- Total assets: HKD 38,539,480,000; Total liabilities: HKD 28,217,284,000; Total stockholders’ equity: HKD 10,271,968,000.
- Current ratio: 1.008; Quick ratio: 0.880; Cash ratio: 0.224.
- Long-term debt: HKD 6,824,887,000; Short-term debt: HKD 3,202,307,000.
- Leverage metrics: Debt-to-capitalization 0.494; Debt-to-equity 0.976; Asset turnover 0.287; Inventory turnover 4.28; Receivables turnover 1.483; Payables turnover 0.876.
Valuation indicators (as of QQ4 2024 data):
- Price-to-book: 2.35; Price-to-sales: 2.18; Price-to-earnings (negative due to losses): negative; Price-to-free-cash-flow: not meaningful (negative FCF); EV/EBITDA not provided in data.
Notes on data consistency:
- There are inconsistencies between the quarterly revenue figures and the provided YoY revenue metric in ratiosInfo. Specifically, Q4 2024 revenue of HKD 11.06B compared with Q4 2023 revenue of HKD 7.73B suggests a positive YoY growth, while the ratiosInfo section lists a negative YoY for revenue. This discrepancy should be resolved with the company’s IR presentation for precise reconciliation.