Revenue and profitability metrics (HKD, unless noted):
- Revenue: HKD 26,538,500; YoY +57.8%; QoQ +12.4%.
- Gross Profit: HKD 13,931,500; Gross Margin 52.50% (0.5250).
- Operating Income: HKD 908,500; Operating Margin 3.42% (0.0342).
- Net Income: HKD 813,500; Net Margin 3.07% (0.0307).
- EBITDA: HKD 1,321,500; EBITDA Margin 4.98% (0.0498).
- EPS (diluted): HKD 0.0025; Weighted Avg Shares ~319.6m.
- YoY and QoQ momentum: Revenue YoY 57.8%, Gross Profit YoY 56.0%, Operating Income YoY 111.7%, Net Income YoY 111.0%, EPS YoY 110.8%; QoQ figures show deceleration in operating income (-20.5%) and net income (-22.7%), reflecting seasonality and continued investments in SG&A and R&D relative to a rising revenue base.
Liquidity and cash flow:
- Net cash provided by operating activities: HKD 3,444,500.
- Free cash flow: HKD 3,183,500.
- Cash and cash equivalents: HKD 25,712,000; Total cash and short-term investments: HKD 30,148,000; Net debt: HKD -18,614,000 (net cash).
- Cash conversion and working capital: Change in working capital: -HKD 5,859,500; Accounts receivable: -HKD 6,895,500; Inventory: HKD 922,000; Other working capital: HKD 114,000; Non-cash items: HKD 8,490,500.
Balance sheet and leverage:
- Total assets: HKD 93.93 million; Total liabilities: HKD 32.16 million; Total stockholders’ equity: HKD 61.77 million.
- Current ratio: 2.65x; Quick ratio: 1.79x; Cash ratio: 0.89x.
- Debt: Short-term debt HKD 4.00 million; Long-term debt HKD 3.10 million; Total debt HKD 7.10 million; Net debt negative due to cash holdings.
Valuation and efficiency:
- Price to book: 2.30x; Price to sales: 5.36x; Price to earnings: 43.71x; Enterprise value multiple: 93.55x; Price fair value: 2.30 (context indicates a premium vs. book value but dependent on growth outlook). Asset turnover: 0.283x; Inventory turnover: 0.503x; Receivables turnover: 1.754x; CCC 122.74 days.
Notes: All figures in HKD unless stated otherwise. YoY and QoQ comparisons reflect disclosed quarterly data for QQ3 2024 vs QQ3 2023 and QQ2 2024 respectively.