Fineland Living Services Group Limited (9978.HK)

Name: Fineland Living Services Group Limited Financial Statements
Creator: Quarter Results

Real Estate | Real Estate Services

Latest reporting period: 2026-04-08

Latest Quarter

2026-04-08

Revenue

$168M

Net Income

-$6.0M

Operating Margin

-5.2%

Free Cash Flow

$9.8M

Debt / Assets

76.6%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Fineland Living Services Group Limited (9978.HK).
Income Statement (Quarterly)	2026-04-08	2025-06-30	2025-03-31	2024-12-31
Revenue	168,431,000	168,431,000	84,215,500	183,016,000
Cost of Revenue	135,000,000	135,000,000	67,500,000	161,741,000
Gross Profit	33,430,998	33,430,998	16,715,499	21,275,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	42,243,000	42,243,000	21,121,500	85,399,000
Operating Expenses	42,243,000	42,243,000	21,121,500	85,399,000
Operating Income	-8,812,000	-8,812,000	-4,406,000	-64,124,000
Interest Expense	0	23,000	0	357,000
Income Before Tax	-9,212,000	-9,212,000	-4,606,000	-76,019,000
Income Tax Expense	2,692,000	2,692,000	1,346,000	-9,004,000
Net Income	-5,999,000	-5,999,000	-2,999,500	-62,258,000
Per Share
EPS	-0.02	-0.02	-0.01	-0.16
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Fineland Living Services Group Limited (9978.HK).
Income Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Revenue	369,101,000	426,784,000	511,945,000	571,408,000	276,725,000
Cost of Revenue	309,835,000	339,750,000	409,680,000	432,802,000	0
Gross Profit	59,266,000	87,034,000	102,265,000	138,606,000	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	47,706,000	59,407,000	72,524,000	105,095,000	150,065,000
Operating Expenses	47,342,000	57,799,000	69,227,000	100,104,000	251,118,000
Operating Income	11,924,000	3,471,000	38,090,000	38,502,000	25,607,000
Interest Expense	1,184,000	1,473,000	1,188,000	261,000	433,000
Income Before Tax	-89,332,000	-67,486,000	30,672,000	31,293,000	21,992,000
Income Tax Expense	-10,007,000	-10,374,000	-1,040,000	2,028,000	10,317,000
Net Income	-76,931,000	-60,609,000	31,712,000	20,197,000	10,914,000
Per Share
EPS	-0.19	-0.15	0.08	0.05	0.03
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Fineland Living Services Group Limited (9978.HK).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	64,765,000	88,134,000	117,684,000	90,342,000
Short Term Investments	1,016,000	4,382,000	516,000	500,000
Net Receivables	157,687,000	207,103,000	287,340,000	0
Inventory	0	0	-516,000	0
Total Current Assets	245,178,000	367,448,000	477,243,000	373,681,000
Property Plant Equipment	16,213,000	14,221,000	9,743,000	17,295,000
Goodwill and Intangibles	57,621,000	70,982,000	76,524,000	60,479,000
Total Assets	366,742,000	478,291,000	573,838,000	454,171,000
Liabilities
Account Payables	74,466,000	71,356,000	73,647,000	56,033,000
Short Term Debt	298,000	19,687,000	35,790,000	1,291,000
Total Current Liabilities	273,193,000	296,123,000	318,967,000	230,699,000
Long Term Debt	696,000	880,000	150,000	2,697,000
Total Liabilities	281,018,000	305,365,000	336,331,000	249,121,000
Shareholders Equity
Retained Earnings	-37,975,000	40,659,000	102,029,000	0
Total Shareholders Equity	34,055,000	112,765,000	173,242,000	158,843,000

Balance sheet annual history for Fineland Living Services Group Limited (9978.HK).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	64,765,000	88,134,000	117,684,000	90,342,000	138,481,000
Short Term Investments	1,016,000	4,382,000	516,000	500,000	0
Net Receivables	157,687,000	207,103,000	287,340,000	0	0
Inventory	0	0	-516,000	0	0
Total Current Assets	245,178,000	367,448,000	477,243,000	373,681,000	211,208,000
Property Plant Equipment	16,213,000	14,221,000	9,743,000	17,295,000	8,705,000
Goodwill and Intangibles	57,621,000	70,982,000	76,524,000	60,479,000	0
Total Assets	366,742,000	478,291,000	573,838,000	454,171,000	219,913,000
Liabilities
Account Payables	74,466,000	71,356,000	73,647,000	56,033,000	22,232,000
Short Term Debt	298,000	19,687,000	35,790,000	1,291,000	2,886,000
Total Current Liabilities	273,193,000	296,123,000	318,967,000	230,699,000	69,240,000
Long Term Debt	696,000	880,000	150,000	2,697,000	4,228,000
Total Liabilities	281,018,000	305,365,000	336,331,000	249,121,000	77,857,000
Shareholders Equity
Retained Earnings	-37,975,000	40,659,000	102,029,000	0	0
Total Shareholders Equity	34,055,000	112,765,000	173,242,000	158,843,000	140,750,000

Cash flow quarterly history for Fineland Living Services Group Limited (9978.HK).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-89,332,000	-67,486,000	30,672,000	20,197,000
Depreciation & Amortization	9,926,000	9,117,000	9,738,000	9,020,000
Stock Based Compensation	0	0	0	0
Change in Working Capital	-7,562,000	-29,932,000	-23,467,000	-48,283,000
Operating Cash Flow	11,975,000	4,820,000	17,060,000	-17,826,000
Investing Activities
Capital Expenditure	-2,200,000	-4,732,000	-1,279,000	-4,090,000
Investments	-2,200,000	-4,732,000	-1,279,000	-4,090,000
Investing Cash Flow	-8,817,000	-11,147,000	-20,386,000	-23,083,000
Financing Activities
Debt Repayment	-19,930,000	-15,800,000	-40,000,000	0
Common Stock Issued/Repurchased	0	0	0	0
Dividends Paid	0	0	0	-3,361,000
Financing Cash Flow	-26,507,000	-23,365,000	30,810,000	-7,202,000
Summary
Free Cash Flow	9,775,000	88,000	15,781,000	-21,916,000
Net Change in Cash	-23,369,000	-29,550,000	27,342,000	-48,139,000

Cash flow annual history for Fineland Living Services Group Limited (9978.HK).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	-89,332,000	-67,486,000	30,672,000	20,197,000	10,914,000
Depreciation & Amortization	9,926,000	9,117,000	9,738,000	9,020,000	4,782,000
Stock Based Compensation	0	0	0	0	0
Change in Working Capital	-7,562,000	-29,932,000	-23,467,000	-48,283,000	18,890,000
Operating Cash Flow	11,975,000	4,820,000	17,060,000	-17,826,000	42,802,000
Investing Activities
Capital Expenditure	-2,200,000	-4,732,000	-1,279,000	-4,090,000	-257,000
Investments	-2,200,000	-4,732,000	-1,279,000	-4,090,000	-257,000
Investing Cash Flow	-8,817,000	-11,147,000	-20,386,000	-23,083,000	1,192,000
Financing Activities
Debt Repayment	-19,930,000	-15,800,000	-40,000,000	0	0
Common Stock Issued/Repurchased	0	0	0	0	0
Dividends Paid	0	0	0	-3,361,000	0
Financing Cash Flow	-26,507,000	-23,365,000	30,810,000	-7,202,000	-4,131,000
Summary
Free Cash Flow	9,775,000	88,000	15,781,000	-21,916,000	42,545,000
Net Change in Cash	-23,369,000	-29,550,000	27,342,000	-48,139,000	39,819,000