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China Agri-Products Exchange Limited logo

China Agri-Products Exchange Limited

0149.HK

HKSEReal EstateReal Estate - Diversified

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Latest quote

HK$0.063

−HK$0.001 · -1.56%

Aug 24, 11:45 AM HKTData delayed

0149.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Agri-Products Exchange Limited operates as an investment holding company, with a core business centered on the establishment, development, operation, and management of wholesale markets for agricultural goods throughout the People's Republic of China. Its activities are divided into two main segments: the operation of agricultural produce exchange markets and property sales. The company's extensive network of agricultural markets across China includes key locations such as the Wuhan Baisazhou market in Wuhan's Hongshan District, the Yulin Hongjin market in Guangxi Zhuang Autonomous Region, and the Luoyang Hongjin market in Henan Province. Other significant sites feature the Xuzhou market in northern Jiangsu Province, both the Puyang Hongjin and Kaifeng Hongjin markets in Henan Province, the Qinzhou Hongjin market in the Guangxi Region, and the Huangshi Hongjin market in Hubei Province. Additionally, it manages the Huai'an Hongjin market in Jiangsu Province, the Panjin Market in Liaoning Province, and the Suizhou Market in Suizhou city. Beyond these primary market operations, the company also engages in real estate transactions and offers various financial services. Its corporate headquarters are located in Kowloon Bay, Hong Kong.

Industry
Real Estate - Diversified
Sector
Real Estate
Headquarters
HK
CEO
Sui Wah Leung
Listed since
Mar 12, 1973
Employees
711

Market position

52-week range

Current HK$0.063

Open
HK$0.063
Previous close
HK$0.064
Volume
10.27K
0× average
Average volume
3.94M
Average daily volume
Market cap
627.04M HKD
Beta
0.12
Market reference 1
50-day average
HK$0.0651
-3.20% below average
200-day average
HK$0.0681
-7.54% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.63B HKD
P/E (TTM)
90×
P/B (TTM)
0.36×
P/S (TTM)
1.03×
EV / EBITDA
10.2×
Earnings yield
1.17%
Free cash flow yield
0.00%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
70.12%
Operating margin
27.44%
Net margin
0.86%
Return on equity
0.44%
Return on assets
0.17%
Return on invested capital
0.44%

Financial health

Debt / equity
0.81×
Current ratio
1.27×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends110%70%31%-9%Gross margin, FY2021: 52.51%Gross margin, FY2022: 55.46%Gross margin, FY2023: 66.23%Gross margin, FY2024: 100.07%Gross margin, FY2025: 65.98%Operating margin, FY2021: 27.37%Operating margin, FY2022: 24.54%Operating margin, FY2023: 37.68%Operating margin, FY2024: 23.96%Operating margin, FY2025: 19.63%Net margin, FY2021: 4.26%Net margin, FY2022: 3.10%Net margin, FY2023: 1.05%Net margin, FY2024: 1.48%Net margin, FY2025: 2.00%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 52.51%. Gross margin FY2022 55.46%. Gross margin FY2023 66.23%. Gross margin FY2024 100.07%. Gross margin FY2025 65.98%. Operating margin FY2021 27.37%. Operating margin FY2022 24.54%. Operating margin FY2023 37.68%. Operating margin FY2024 23.96%. Operating margin FY2025 19.63%. Net margin FY2021 4.26%. Net margin FY2022 3.10%. Net margin FY2023 1.05%. Net margin FY2024 1.48%. Net margin FY2025 2.00%.

Income trends

Revenue

383.69M HKD-27.71%

Operating income

75.33M HKD-40.77%

Net income

7.69M HKD-1.88%
Income trends across reported periods954.82M HKD610.29M HKD265.75M HKD−78.78M HKDRevenue, FY2021: 868.69M HKDRevenue, FY2022: 596.4M HKDRevenue, FY2023: 698.39M HKDRevenue, FY2024: 530.76M HKDRevenue, FY2025: 383.69M HKDOperating income, FY2021: 237.76M HKDOperating income, FY2022: 146.35M HKDOperating income, FY2023: 263.14M HKDOperating income, FY2024: 127.18M HKDOperating income, FY2025: 75.33M HKDNet income, FY2021: 37.04M HKDNet income, FY2022: 18.5M HKDNet income, FY2023: 7.35M HKDNet income, FY2024: 7.83M HKDNet income, FY2025: 7.69M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 868.69M HKD. Revenue FY2022 596.4M HKD. Revenue FY2023 698.39M HKD. Revenue FY2024 530.76M HKD. Revenue FY2025 383.69M HKD. Operating income FY2021 237.76M HKD. Operating income FY2022 146.35M HKD. Operating income FY2023 263.14M HKD. Operating income FY2024 127.18M HKD. Operating income FY2025 75.33M HKD. Net income FY2021 37.04M HKD. Net income FY2022 18.5M HKD. Net income FY2023 7.35M HKD. Net income FY2024 7.83M HKD. Net income FY2025 7.69M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue383.69M HKD530.76M HKD698.39M HKD596.4M HKD868.69M HKD
Cost of goods sold130.55M HKD234.37M HKD235.84M HKD265.64M HKD412.5M HKD
Gross profit253.14M HKD531.14M HKD462.55M HKD330.77M HKD456.19M HKD
Selling, general, and administrative—187.81M HKD197.12M HKD210.76M HKD209.9M HKD
Operating expenses177.81M HKD403.96M HKD192.5M HKD213.69M HKD213.08M HKD
Interest income910K HKD1.24M HKD2.81M HKD5.95M HKD8.52M HKD
Interest expense82.78M HKD91.58M HKD111.58M HKD118.45M HKD131.97M HKD
Depreciation and amortization18.85M HKD22.74M HKD21.43M HKD18.49M HKD17M HKD
Operating income75.33M HKD127.18M HKD263.14M HKD146.35M HKD237.76M HKD
Net income7.69M HKD7.83M HKD7.35M HKD18.5M HKD37.04M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
1

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates1.130.730.32-0.09Q2 '18Q3 '18Q4 '18Q1 '19Q4 '22Q2 '23Q4 '23Q2 '24
Q2 2018, reported Jun 30, 2018: actual -0.004, estimate —, surprise —, Comparison unavailable. Q3 2018, reported Sep 30, 2018: actual -0.006, estimate —, surprise —, Comparison unavailable. Q4 2018, reported Dec 31, 2018: actual -0.006, estimate —, surprise —, Comparison unavailable. Q1 2019, reported Mar 31, 2019: actual 0, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 24, 2022: actual 1, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 28, 2023: actual 1.05, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 28, 2023: actual 1, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 26, 2024: actual 1, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates352.61M286.47M220.33M154.18MQ2 '18Q3 '18Q4 '18Q1 '19Q4 '22Q2 '23Q4 '23Q2 '24
Q2 2018, reported Jun 30, 2018: actual 167.87M HKD, estimate —, surprise —, Comparison unavailable. Q3 2018, reported Sep 30, 2018: actual 226.74M HKD, estimate —, surprise —, Comparison unavailable. Q4 2018, reported Dec 31, 2018: actual 226.74M HKD, estimate —, surprise —, Comparison unavailable. Q1 2019, reported Mar 31, 2019: actual 231.24M HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 24, 2022: actual 329.81M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 28, 2023: actual 282M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 28, 2023: actual 338.93M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 26, 2024: actual 253.14M HKD, estimate —, surprise —, Comparison unavailable.

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