Reported Q: Q4 2024 Rev YoY: +142.7% EPS YoY: -473.9% Move: 0.00%
Unity Enterprise Holdings
2195.HK
HKD0.370 0.00%
Exchange HKSE Sector Industrials Industry Engineering Construction
Q4 2024
Published: Dec 31, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 2195.HK

Reported

Report Date

Dec 31, 2024

Quarter Q4 2024

Revenue

84.32M

YoY: +142.7%

EPS

-0.07

YoY: -473.9%

Market Move

0.00%

Previous quarter: Q2 2024

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Earnings Highlights

  • Revenue of $84.32M up 142.7% year-over-year
  • EPS of $-0.07 decreased by 473.9% from previous year
  • Gross margin of 14.5%
  • Net income of -7.97M
  • "" -
2195.HK
Company 2195.HK

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Executive Summary

Unity Enterprise Holdings Limited reported a material upturn in top-line activity for QQ4 2024, with revenue of HKD 84.322 million and gross profit of HKD 12.232 million, delivering a gross margin of 14.5%. The quarter nonetheless posted an operating loss of HKD 8.858 million and a net loss of HKD 7.969 million, resulting in an EPS of -0.066. The negative bottom-line figure remained despite a strong year-over-year revenue uplift of 142.7% and a 321% growth in gross profit, underscoring ongoing fixed-cost allocation and a high SG&A burden typical of a contractor in a project-driven sector. YoY improvements in gross profit and net income margins point to a broader recovery in activity, but profitability remains fragile as the company continues to absorb selling, general and administrative costs in a ramp-up phase.

On the balance sheet, Unity exhibits a solid liquidity position with total cash and cash equivalents of HKD 9.68 million and a current ratio of approximately 2.05. The company carries a minimal debt burden (total debt ~HKD 1.42 million) and a negative net debt position of HKD -8.264 million, suggesting available liquidity to fund ongoing working capital needs. However, operating cash flow remains negative (HKD -7.72 million for QQ4 2024) along with negative free cash flow, indicating that cash generation from operations has not yet translated into positive cash flow, likely due to working capital dynamics in a project-driven business.

Management commentary and the lack of a formal forward guidance in the provided data imply a near-term focus on completing active projects, stabilizing gross margins, and reducing SG&A intensity as a percentage of revenue. Investors should monitor backlog conversion, receivables collection, and the evolution of project mix to determine whether the quarterly improvements in gross profit can translate into stabilized profitability and cash flow in 2025. Overall, the stock presents a potential turnaround opportunity for value-oriented investors, contingent on sustained operating leverage and improved cash generation.

Key Performance Indicators

Revenue
Increasing
84.32M
QoQ: 25.48% | YoY: 142.73%
Gross Profit
Increasing
12.23M
14.51% margin
QoQ: 189.36% | YoY: 320.95%
Operating Income
Increasing
-8.86M
QoQ: 53.19% | YoY: 22.84%
Net Income
Increasing
-7.97M
QoQ: 58.13% | YoY: 30.56%
EPS
Decreasing
-0.07
QoQ: 64.13% | YoY: -473.91%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 119.14 -0.01 +254.6% View
Q1 2025 59.57 -0.01 +71.5% View
Q4 2024 84.32 -0.07 +142.7% View
Q2 2024 33.60 -0.01 +65.7% View
Q1 2024 33.60 -0.01 +65.7% View