What the company actually pays, and whether its own cash supports it.
What stands out
Dividend several times the last twelve months' earnings
Dividends view
Yield
3.67%Below 5Y avg (5.07%)
Annual Rate
HKD 0.29Paid annual
Payout Ratio
621.0%High
Payback Period
27.8 yr
Last Ex-Dividend
Jun 12, 2026
The reported statements, read against the company's own industry.
Financials view
Market Capitalization
5.13BHKD
653.47M · vs all stocks (USD)
Updated Sep 20, 2026
Trailing P/E
156.00x
Updated Sep 20, 2026
Revenue (TTM)
3.62BCNY
461.37M · vs all stocks (USD)
Updated Sep 20, 2026
Profit Margin
0.85%
Updated Sep 20, 2026
Beta
0.2530x
vs all stocks
Updated Sep 20, 2026
52-Week Change
-10.75%
vs all stocks
Updated Sep 20, 2026
Market Capitalization
5.13BHKD
653.47M · vs all stocks (USD)
Updated Sep 20, 2026
Enterprise Value
4.23BHKD
539.43M · vs all stocks (USD)
Updated Sep 20, 2026
Trailing P/E
156.00x
Updated Sep 20, 2026
Forward P/E
5.27x
Updated Sep 20, 2026
Price to Sales (TTM)
1.66x
Provider-reported. Market Capitalization ÷ Revenue (TTM) on this page gives 1.42×.Updated Sep 20, 2026
Price to Book (MRQ)
0.4265x
Updated Sep 20, 2026
Enterprise to Revenue
1.17x
Updated Sep 20, 2026
Enterprise to EBITDA
8.97x
Provider-reported. Enterprise Value ÷ EBITDA (TTM) on this page gives 7.61×.Updated Sep 20, 2026
Gross Margin
60.00%
Provider-reported. Gross Profit (TTM) ÷ Revenue (TTM) on this page gives 54.68%.Updated Sep 20, 2026
Profit Margin
0.85%
Updated Sep 20, 2026
Operating Margin
-0.10%
Updated Sep 20, 2026
Return on Assets (TTM)
0.42%
Updated Sep 20, 2026
Return on Equity (TTM)
0.25%
Updated Sep 20, 2026
Revenue (TTM)
3.62BCNY
461.37M · vs all stocks (USD)
Updated Sep 20, 2026
Revenue per Share (TTM)
4.64CNYUpdated Sep 20, 2026
Quarterly Revenue Growth
5.30%
Updated Sep 20, 2026
Gross Profit (TTM)
1.98BCNY
252.29M · vs all stocks (USD)
Updated Sep 20, 2026
EBITDA (TTM)
556.13MCNY
70.89M · vs all stocks (USD)
Updated Sep 20, 2026
Net Income (TTM)
30.69MCNY
3.91M · vs all stocks (USD)
Updated Sep 20, 2026
Operating Cash Flow (TTM)
626.08MCNY
79.81M · vs all stocks (USD)
Updated Sep 20, 2026
Levered Free Cash Flow (TTM)
747.53MCNY
95.29M · vs all stocks (USD)
Updated Sep 20, 2026
Trailing Annual Dividend Rate
0.2867HKDUpdated Sep 20, 2026
Trailing Annual Dividend Yield
3.67%
vs all stocks
Updated Sep 20, 2026
5-Year Average Dividend Yield
5.07%
vs all stocks
Updated Sep 20, 2026
Payout Ratio
621.00%
Provider-reported. Trailing Annual Dividend Rate ÷ Diluted EPS (TTM) on this page gives 573.33%.Updated Sep 20, 2026
Minority Interest (Equity)
151.29MCNYFY2025 · Dec 31, 2025
Revenue
2.99BCNYFY2025 · Dec 31, 2025
Cost of Goods Sold
1.33BCNYFY2025 · Dec 31, 2025
Gross Profit
1.66BCNYFY2025 · Dec 31, 2025
Operating Income
164.33MCNY
24.52M · vs all stocks (USD)
FY2025 · Dec 31, 2025
Pre-tax Income
156.61MCNYFY2025 · Dec 31, 2025
Income Tax Expense
81.76MCNYFY2025 · Dec 31, 2025
Net Income
74.85MCNYFY2025 · Dec 31, 2025
EBIT
174.70MCNYFY2025 · Dec 31, 2025
EBITDA (Income Statement)
556.13MCNYFY2025 · Dec 31, 2025
Research & Development
21.44MCNYFY2025 · Dec 31, 2025
Selling, General & Administrative
700.22MCNYFY2025 · Dec 31, 2025
Other Operating Expenses
272.90MCNYFY2025 · Dec 31, 2025
Non-operating Interest Income
19.70MCNYFY2025 · Dec 31, 2025
Non-operating Interest Expense
18.10MCNYFY2025 · Dec 31, 2025
EPS (Basic)
0.1100CNYFY2025 · Dec 31, 2025
EPS (Diluted)
0.1100CNYFY2025 · Dec 31, 2025
Basic Shares Outstanding
648.10MSharesFY2025 · Dec 31, 2025
Diluted Shares Outstanding
648.10MSharesFY2025 · Dec 31, 2025
Net Income from Continuing Operations
74.85MCNYFY2025 · Dec 31, 2025
Minority Interests (P&L)
-3.55MCNYFY2025 · Dec 31, 2025
Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025
Operating Cash Flow
146.95MCNYFY2025 · Dec 31, 2025
Free Cash Flow
32.09MCNYFY2025 · Dec 31, 2025
Cash & Cash Equivalents (End of Period)
1.84BCNYFY2025 · Dec 31, 2025
Starting Profit (CF Statement)
74.85MCNYFY2025 · Dec 31, 2025
Other Non-cash Items
37.50MCNYFY2025 · Dec 31, 2025
Change in Accounts Receivable (CF)
-32.11MCNYFY2025 · Dec 31, 2025
Change in Other Assets/Liabilities
66.71MCNYFY2025 · Dec 31, 2025
Capital Expenditures
114.86MCNYFY2025 · Dec 31, 2025
Net Acquisitions
25.83MCNYFY2025 · Dec 31, 2025
Purchase of Investments
-60.20MCNYFY2025 · Dec 31, 2025
Sale of Investments
95.37MCNYFY2025 · Dec 31, 2025
Net Investing Cash Flow
175.86MCNYFY2025 · Dec 31, 2025
Long-term Debt Issuance
527.32MCNYFY2025 · Dec 31, 2025
Long-term Debt Payments
-492.84MCNYFY2025 · Dec 31, 2025
Common Dividends Paid
-293.01MCNYFY2025 · Dec 31, 2025
Other Financing Charges
-153.15MCNYFY2025 · Dec 31, 2025
Net Financing Cash Flow
-411.68MCNYFY2025 · Dec 31, 2025
Shares Outstanding
657.24MSharesUpdated Sep 20, 2026
Float Shares
310.58MSharesUpdated Sep 20, 2026
% Held by Insiders
1.23%
vs all stocks
Updated Sep 20, 2026
% Held by Institutions
6.54%
vs all stocks
Updated Sep 20, 2026
Total Cash (MRQ)
2.44BCNY
310.97M · vs all stocks (USD)
Updated Sep 20, 2026
Total Cash per Share (MRQ)
3.17CNYUpdated Sep 20, 2026
Total Debt (MRQ)
489.92MCNY
62.45M · vs all stocks (USD)
Updated Sep 20, 2026
Total Debt to Equity (MRQ)
0.0401x
Updated Sep 20, 2026
Current Ratio (MRQ)
4.07x
Updated Sep 20, 2026
Book Value per Share (MRQ)
18.29CNYUpdated Sep 20, 2026
Total Assets
12.05BCNY
1.80B · vs all stocks (USD)
FY2025 · Dec 31, 2025
Total Current Assets
5.48BCNYFY2025 · Dec 31, 2025
Total Liabilities
1.55BCNYFY2025 · Dec 31, 2025
Total Non-current Assets
6.57BCNYFY2025 · Dec 31, 2025
Total Non-current Liabilities
97.81MCNYFY2025 · Dec 31, 2025
Total Current Liabilities
1.45BCNYFY2025 · Dec 31, 2025
Cash
1.88BCNYFY2025 · Dec 31, 2025
Cash Equivalents
5.83MCNYFY2025 · Dec 31, 2025
Cash & Cash Equivalents
1.89BCNYFY2025 · Dec 31, 2025
Accounts Receivable
264.93MCNYFY2025 · Dec 31, 2025
Inventory
2.84BCNYFY2025 · Dec 31, 2025
Accounts Payable
321.93MCNYFY2025 · Dec 31, 2025
Short-term Debt
316.12MCNYFY2025 · Dec 31, 2025
Other Current Liabilities
27.19MCNYFY2025 · Dec 31, 2025
Long-term Debt
71.81MCNYFY2025 · Dec 31, 2025
Common Stock (Book)
657.24MCNYFY2025 · Dec 31, 2025
Retained Earnings
9.04BCNYFY2025 · Dec 31, 2025
Total Shareholders' Equity
10.50BCNY
1.57B · vs all stocks (USD)
FY2025 · Dec 31, 2025
Treasury Stock
37.88MCNYFY2025 · Dec 31, 2025
52-Week Low
7.38HKDUpdated Sep 20, 2026
52-Week High
8.77HKDUpdated Sep 20, 2026
52-Week Change
-10.75%
vs all stocks
Updated Sep 20, 2026
Beta
0.2530x
vs all stocks
Updated Sep 20, 2026
50-Day MA
8.01HKDUpdated Sep 20, 2026
200-Day MA
7.97HKDUpdated Sep 20, 2026
Avg 10-Day Volume
81.42KSharesUpdated Sep 20, 2026
Avg 30-Day Volume
135.82KSharesUpdated Sep 20, 2026
Diluted EPS (TTM)
0.0500CNYUpdated Sep 20, 2026
1 interpretation currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Cash Backing With OCF Coverage And Cash Near Total Debt
Cash on hand covers most or all of its total debt, and cash flow matches reported earnings.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Dividend several times the last twelve months' earningsSignificant
Payout Ratio: 6.21Dividend per Share: 0.29Earnings per Share: 0.05
High gross margins eroded by operating costsNotable
Gross Margin: 0.60Profit Margin: 0.01
Financial Health
Altman Z-Score 3.44: safe zoneNotable
Altman Z-Score: 3.44
High earnings qualityNotable
Earnings Quality Score: 0.76
Supply Chain
Upstream position: supplies 6 industries, depends on 0Notable
Outgoing: 6.00Incoming: 0.00
Scale
Levered free cash flow is $95.29M, above the global median of $18.73MNotable