Kingboard Holdings Limited logo

Kingboard Holdings Limited

0148.HK

HKSEBasic MaterialsChemicals - Specialty

Latest quote

HK$46.20

−HK$0.60 · -1.28%

Aug 24, 3:15 PM HKT

0148.HK company overview

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Company profile

Company website

Kingboard Holdings Limited, an investment holding company founded in 1988 and headquartered in Sha Tin, Hong Kong, maintains a diversified business portfolio. Its core industrial activities involve the manufacturing and sale of laminates and printed circuit boards. The company also operates a significant chemical division, producing and distributing a broad array of chemical products such as methanol, benzene, glacial acetic acid, propylene, methyl tert-butyl ether, liquefied petroleum gas, phenol, acetone, bisphenol A, caustic soda, polyvinyl chloride, hydrochloric acid, liquefied chlorine, chlorinated wax, sodium sulfate, formalin, hydrogen peroxide, and tetrabromobisphenol. Additionally, Kingboard manufactures and supplies magnetic and glass fabric products. Beyond its manufacturing operations, the company is actively engaged in property investment and development, managing a portfolio that encompasses commercial, residential, and industrial real estate for rental and sale purposes. It also handles the refining and distribution of various chemicals. Kingboard's products are sold across global markets, including the People's Republic of China, Thailand, Japan, Korea, Singapore, Europe, and the United States. The company adopted its current name in July 2018, having previously been known as Kingboard Chemical Holdings Limited.

Industry
Chemicals - Specialty
Sector
Basic Materials
Headquarters
HK
CEO
Chang Wing Yiu
Listed since
Oct 8, 1993
Employees
34,000

Market position

Day range

Current HK$46.20

52-week range

Current HK$46.20

Open
HK$47.18
Previous close
HK$46.80
Volume
20.38M
0.63× average
Average volume
32.53M
Average daily volume
Market cap
51.83B HKD
Beta
1.25
Market reference 1
50-day average
HK$71.3206
-35.22% below average
200-day average
HK$46.3134
-0.24% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
11.64×
P/B (TTM)
0.79×
P/S (TTM)
1.14×
Dividend yield
4.76%

Profitability & efficiency

Gross margin
17.47%
Operating margin
9.21%
Net margin
9.70%

Financial health

Debt / equity
0.35×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends36%24%13%1%Gross margin, FY2021: 33.16%Gross margin, FY2022: 25.06%Gross margin, FY2023: 19.12%Gross margin, FY2024: 19.71%Gross margin, FY2025: 17.47%Operating margin, FY2021: 26.74%Operating margin, FY2022: 17.48%Operating margin, FY2023: 10.29%Operating margin, FY2024: 11.73%Operating margin, FY2025: 9.21%Net margin, FY2021: 18.99%Net margin, FY2022: 7.40%Net margin, FY2023: 5.19%Net margin, FY2024: 3.78%Net margin, FY2025: 9.70%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 33.16%. Gross margin FY2022 25.06%. Gross margin FY2023 19.12%. Gross margin FY2024 19.71%. Gross margin FY2025 17.47%. Operating margin FY2021 26.74%. Operating margin FY2022 17.48%. Operating margin FY2023 10.29%. Operating margin FY2024 11.73%. Operating margin FY2025 9.21%. Net margin FY2021 18.99%. Net margin FY2022 7.40%. Net margin FY2023 5.19%. Net margin FY2024 3.78%. Net margin FY2025 9.70%.

Income trends

Revenue

45.38B HKD+5.29%

Operating income

4.18B HKD-17.32%

Net income

4.4B HKD+169.98%
Income trends across reported periods62.27B HKD40.22B HKD18.17B HKD−3.88B HKDRevenue, FY2021: 56.76B HKDRevenue, FY2022: 49.38B HKDRevenue, FY2023: 39.71B HKDRevenue, FY2024: 43.09B HKDRevenue, FY2025: 45.38B HKDOperating income, FY2021: 15.18B HKDOperating income, FY2022: 8.63B HKDOperating income, FY2023: 4.09B HKDOperating income, FY2024: 5.05B HKDOperating income, FY2025: 4.18B HKDNet income, FY2021: 10.78B HKDNet income, FY2022: 3.66B HKDNet income, FY2023: 2.06B HKDNet income, FY2024: 1.63B HKDNet income, FY2025: 4.4B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 56.76B HKD. Revenue FY2022 49.38B HKD. Revenue FY2023 39.71B HKD. Revenue FY2024 43.09B HKD. Revenue FY2025 45.38B HKD. Operating income FY2021 15.18B HKD. Operating income FY2022 8.63B HKD. Operating income FY2023 4.09B HKD. Operating income FY2024 5.05B HKD. Operating income FY2025 4.18B HKD. Net income FY2021 10.78B HKD. Net income FY2022 3.66B HKD. Net income FY2023 2.06B HKD. Net income FY2024 1.63B HKD. Net income FY2025 4.4B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue45.38B HKD43.09B HKD39.71B HKD49.38B HKD56.76B HKD
Cost of goods sold37.45B HKD34.6B HKD32.12B HKD37B HKD37.93B HKD
Gross profit7.93B HKD8.49B HKD7.59B HKD12.37B HKD18.82B HKD
Selling, general, and administrative3.75B HKD3.44B HKD3.51B HKD3.74B HKD3.73B HKD
Operating expenses3.75B HKD3.44B HKD3.51B HKD3.74B HKD3.64B HKD
Interest income43.98M HKD68.75M HKD268.66M HKD239.87M HKD92.89M HKD
Interest expense802.93M HKD1.12B HKD1.12B HKD504.27M HKD275.48M HKD
Depreciation and amortization2.33B HKD1.94B HKD1.99B HKD1.89B HKD1.95B HKD
Operating income4.18B HKD5.05B HKD4.09B HKD8.63B HKD15.18B HKD
Net income4.4B HKD1.63B HKD2.06B HKD3.66B HKD10.78B HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
2.42

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates2.61.770.930.09Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26Q3 '26
Q1 2023, reported Mar 27, 2023: actual 1.12, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 28, 2023: actual 1.25, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 18, 2024: actual 1.36, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 26, 2024: actual 1.36, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 24, 2025: actual 0.111, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 24, 2025: actual 2.33, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 16, 2026: actual 1.64, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 24, 2026: actual 2.42, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates57.01B43.31B29.61B15.91BQ1 '23MissQ3 '23No estimateQ1 '24MissQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimateQ3 '26No estimate
Q1 2023, reported Mar 27, 2023: actual 21.55B HKD, estimate 54.17B HKD, surprise -60.22%, Miss. Q3 2023, reported Aug 28, 2023: actual 18.72B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 18, 2024: actual 20.99B HKD, estimate 42.54B HKD, surprise -50.65%, Miss. Q3 2024, reported Aug 26, 2024: actual 20.42B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 24, 2025: actual 22.68B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 24, 2025: actual 21.61B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 16, 2026: actual 23.77B HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 24, 2026: actual 29.11B HKD, estimate —, surprise —, Comparison unavailable.

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