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The Cross-Harbour (Holdings) Limited logo

The Cross-Harbour (Holdings) Limited

0032.HK

HKSEConsumer DefensiveEducation & Training Services

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Latest quote

HK$7.57

+HK$0.11 · +1.47%

Aug 21, 2:57 PM HKT

0032.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

The Cross-Harbour (Holdings) Limited, an investment holding company established in 1965 and based in Wan Chai, Hong Kong, engages in a wide array of activities. Its core operations in Hong Kong encompass motoring school management, treasury oversight, securities investments, tunnel administration, and electronic toll collection services. The company organizes these diverse businesses into distinct segments: Motoring School Operations, Tunnel Operations, Electronic Toll Operations, and Treasury Management. Beyond its foundational services, the company operates driver training centers and delivers advanced telematics services alongside intelligent transportation and surveillance system solutions. It also actively manages a comprehensive investment portfolio, which includes unlisted funds, equity and debt securities, and bank deposits. Additional offerings include consultancy and money lending services, complemented by property holdings. A notable asset is its extensive fleet of approximately 580 training vehicles, ranging from private cars and motorcycles to buses, skid cars, skid bikes, and articulated vehicles. The firm adopted its current name in May 2000, having previously traded as The Cross-Harbour Tunnel Company, Limited.

Industry
Education & Training Services
Sector
Consumer Defensive
Headquarters
HK
CEO
Yeung Hin Chung John
Listed since
May 24, 2000
Employees
682

Market position

52-week range

Current HK$7.57

Open
HK$7.57
Previous close
HK$7.46
Volume
51.1K
2.97× average
Average volume
17.22K
Average daily volume
Market cap
2.82B HKD
Beta
-0.04
Market reference 1
50-day average
HK$7.6068
-0.48% below average
200-day average
HK$8.1063
-6.62% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
4.62×
P/B (TTM)
0.34×
P/S (TTM)
2.8×
Dividend yield
5.55%

Profitability & efficiency

Gross margin
67.44%
Operating margin
43.77%
Net margin
60.36%

Financial health

Debt / equity
0.04×
Altman Z-score
3.57
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends91%35%-21%-77%Gross margin, FY2021: 67.30%Gross margin, FY2022: 65.04%Gross margin, FY2023: 64.54%Gross margin, FY2024: 71.36%Gross margin, FY2025: 76.52%Operating margin, FY2021: 28.00%Operating margin, FY2022: 31.00%Operating margin, FY2023: 44.20%Operating margin, FY2024: 46.90%Operating margin, FY2025: 59.59%Net margin, FY2021: -7.04%Net margin, FY2022: -63.41%Net margin, FY2023: 59.41%Net margin, FY2024: 35.46%Net margin, FY2025: 51.80%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 67.30%. Gross margin FY2022 65.04%. Gross margin FY2023 64.54%. Gross margin FY2024 71.36%. Gross margin FY2025 76.52%. Operating margin FY2021 28.00%. Operating margin FY2022 31.00%. Operating margin FY2023 44.20%. Operating margin FY2024 46.90%. Operating margin FY2025 59.59%. Net margin FY2021 -7.04%. Net margin FY2022 -63.41%. Net margin FY2023 59.41%. Net margin FY2024 35.46%. Net margin FY2025 51.80%.

Income trends

Revenue

1.4B HKD+13.99%

Operating income

832.41M HKD+44.85%

Net income

723.53M HKD+66.52%
Income trends across reported periods1.58B HKD844.19M HKD107.37M HKD−629.46M HKDRevenue, FY2021: 699.67M HKDRevenue, FY2022: 702.16M HKDRevenue, FY2023: 875.16M HKDRevenue, FY2024: 1.23B HKDRevenue, FY2025: 1.4B HKDOperating income, FY2021: 195.93M HKDOperating income, FY2022: 217.65M HKDOperating income, FY2023: 386.81M HKDOperating income, FY2024: 574.68M HKDOperating income, FY2025: 832.41M HKDNet income, FY2021: −49.25M HKDNet income, FY2022: −445.25M HKDNet income, FY2023: 519.97M HKDNet income, FY2024: 434.51M HKDNet income, FY2025: 723.53M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 699.67M HKD. Revenue FY2022 702.16M HKD. Revenue FY2023 875.16M HKD. Revenue FY2024 1.23B HKD. Revenue FY2025 1.4B HKD. Operating income FY2021 195.93M HKD. Operating income FY2022 217.65M HKD. Operating income FY2023 386.81M HKD. Operating income FY2024 574.68M HKD. Operating income FY2025 832.41M HKD. Net income FY2021 −49.25M HKD. Net income FY2022 −445.25M HKD. Net income FY2023 519.97M HKD. Net income FY2024 434.51M HKD. Net income FY2025 723.53M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue1.4B HKD1.23B HKD875.16M HKD702.16M HKD699.67M HKD
Cost of goods sold328.02M HKD350.91M HKD310.37M HKD245.46M HKD228.78M HKD
Gross profit1.07B HKD874.42M HKD564.8M HKD456.7M HKD470.89M HKD
Selling, general, and administrative297.69M HKD300.67M HKD261.62M HKD202.96M HKD221.52M HKD
Operating expenses236.38M HKD299.74M HKD177.99M HKD236.54M HKD274.96M HKD
Interest income———14K HKD26K HKD
Interest expense14.12M HKD18.91M HKD16.16M HKD1.52M HKD2.73M HKD
Depreciation and amortization14.6M HKD114.47M HKD91.96M HKD74.2M HKD89.31M HKD
Operating income832.41M HKD574.68M HKD386.81M HKD217.65M HKD195.93M HKD
Net income723.53M HKD434.51M HKD519.97M HKD−445.25M HKD−49.25M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.54

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates1.40.42-0.55-1.53Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 1.2, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -1.33, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 23, 2022: actual -0.516, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 24, 2023: actual -0.679, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 22, 2023: actual 1.13, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 25, 2024: actual 0.261, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 22, 2024: actual 0.631, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 24, 2025: actual 0.535, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates665.13M535.66M406.19M276.72MQ2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 339.83M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 359.84M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 23, 2022: actual 303.51M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 24, 2023: actual 398.65M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 22, 2023: actual 412.21M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 25, 2024: actual 462.96M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 22, 2024: actual 586.99M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 24, 2025: actual 638.34M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.42

2025 complete year0.0% since 2021

2026 partial: HK$0.30

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 26, 2026

HK$0.06

Irregular

Record Sep 4, 2026 · Payment Sep 16, 2026

Dividend

Ex-dividend May 11, 2026

HK$0.24

Semi-Annual

Record May 12, 2026 · Payment May 21, 2026

Dividend

Ex-dividend Dec 12, 2025

HK$0.06

Quarterly

Record Dec 15, 2025 · Payment Dec 24, 2025

Dividend

Ex-dividend Sep 3, 2025

HK$0.06

Quarterly

Record Sep 4, 2025 · Payment Sep 15, 2025

Dividend

Ex-dividend Jun 26, 2025

HK$0.06

Monthly

Record Jun 27, 2025 · Payment Jul 11, 2025

Dividend

Ex-dividend May 21, 2025

HK$0.24

Semi-Annual

Record May 22, 2025 · Payment Jun 2, 2025

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