Royale Home Holdings Limited (1198.HK) Q3 2024 Earnings Report

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Royale Home Holdings

1198.HK

HKD0.120 -6.98%

Exchange: HKSE | Sector: Consumer Cyclical | Industry: Furnishings Fixtures Appliances

Q3 2024

Published: Sep 30, 2024

Earnings Highlights

Revenue of $150.89M down 4.2% year-over-year
EPS of $-0.04 increased by 36.6% from previous year
Gross margin of 6.5%
Net income of -103.44M
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1198.HK

Company 1198.HK

Period Q3 2024

Currency HKD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Royale Home reported QQ3 2024 revenue of HKD 150.895 million, down 4.17% year over year, but up 10.94% quarter over quarter. Gross profit stood at HKD 9.795 million with a gross margin of 6.49%, indicating some stabilization in product costs or pricing; however, selling, general and administrative expenses totaled HKD 87.058 million, contributing to an operating loss of HKD 77.263 million and an EBITDA of HKD -91.199 million. Net income declined to a loss of HKD 103.436 million, with an earnings per share of HKD -0.0417. Free cash flow was negative HKD 22.693 million, while operating cash flow was also negative at HKD -22.511 million.

Key Performance Indicators

Revenue

Decreasing

150.89M

QoQ: 10.94% | YoY: -4.17%

Gross Profit

Increasing

9.80M

6.49% margin

QoQ: 2.85% | YoY: 122.88%

Operating Income

Increasing

-77.26M

QoQ: -26.03% | YoY: 52.76%

Net Income

Increasing

-103.44M

QoQ: -30.40% | YoY: 36.67%

EPS

Increasing

-0.04

QoQ: -30.31% | YoY: 36.63%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: HKD 150,894,503; YoY -4.17%; QoQ +10.94%; Gross Profit: HKD 9,795,108; Gross Margin: 6.49%; Operating Income: HKD -77,263,098; EBITDA: HKD -91,199,457; EBITDA Margin: -60.44%; Net Income: HKD -103,436,002; Net Margin: -68.55%; EPS (Diluted): HKD -0.0417; Weighted Avg Shares: 2,477,947,594; Cash Flow: Operating cash flow HKD -22,510,746; Free cash flow HKD -22,692,968; Capex: HKD -182,221; Cash and equivalents: HKD 22,655,305; Short-term investments: HKD 165,866,035; Total debt: HKD 3,244,307,978; Net debt: HKD 3,221,652,673; Current ratio: 0.76; Quick ratio: 0.658; Cash ratio: 0.0077; Debt to equity: 2.26; Debt to capitalization: 0.693; Price to sales: 6.57; Price to book: 0.691; Net debt to EBITDA not disclosed in the data; Asset turnover: 0.0271; Receivables turnover: 0.582; Inventory turnover: 0.469.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	150.89M	-4.17%	10.94%
Gross Profit	9.80M	122.88%	2.85%
Operating Income	-77.26M	52.76%	-26.03%
Net Income	-103.44M	36.67%	-30.40%
EPS	-0.04	36.63%	-30.31%

Key Financial Ratios

Gross Profit Margin

Weak

6.49%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

-0.51%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.69%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.02%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.07%

Return on equity suggests inefficient capital allocation

Current Ratio

Concern

0.76

Current ratio below safe levels, potential liquidity risk

Debt to Equity

High Risk

2.26

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Negative

-2.40x

Negative earnings make P/E ratio not meaningful

Price to Book

Undervalued

0.69x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	190.70	-0.12	+26.4%	View
Q1 2025	93.27	-0.06	-32.0%	View
Q4 2024	144.95	-0.04	-14.3%	View
Q3 2024	150.89	-0.04	-4.2%	View

Royale Home Holdings (1198.HK) Q3 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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