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Gemini Investments (Holdings) Limited logo

Gemini Investments (Holdings) Limited

0174.HK

HKSEReal EstateReal Estate - Services

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Latest quote

HK$0.172

−HK$0.006 · -3.37%

Aug 25, 2:46 PM HKT

0174.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Gemini Investments (Holdings) Limited, an investment holding firm established in 1987 and based in Central, Hong Kong, maintains a diversified global footprint with operations primarily spanning Hong Kong, the United States, and other international markets. The company's core business involves real estate investment and development, complemented by a portfolio of other ventures. Its activities include managing a range of leased office and residential properties, as well as undertaking the construction of new commercial and residential projects. Beyond property, the group allocates capital to various investment funds, securities, and other financial instruments, including strategic participation in real estate fund platforms. The company was formerly named Gemini Property Investments Limited, rebranding to its current name in July 2011.

Industry
Real Estate - Services
Sector
Real Estate
Headquarters
HK
CEO
Kwok Hung Lai
Listed since
Oct 5, 1988
Employees
65

Market position

Day range

Current HK$0.172

52-week range

Current HK$0.172

Open
HK$0.173
Previous close
HK$0.178
Volume
22K
0.56× average
Average volume
38.96K
Average daily volume
Market cap
125.72M HKD
Beta
0.6
Market reference 1
50-day average
HK$0.2141
-19.65% below average
200-day average
HK$0.2141
-19.64% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.42B HKD
EV / EBITDA
-97.55×
Earnings yield
-214.93%
Free cash flow yield
73.20%

Profitability & efficiency

Return on equity
63.80%
Return on assets
-3.21%
Return on invested capital
2.62%

Financial health

Current ratio
0.5×
Altman Z-score
0.02
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends87%33%-21%-75%Gross margin, FY2021: 73.70%Gross margin, FY2022: 66.26%Gross margin, FY2023: 44.42%Gross margin, FY2024: 60.92%Gross margin, FY2025: 52.88%Operating margin, FY2021: 58.71%Operating margin, FY2022: 17.87%Operating margin, FY2023: 22.21%Operating margin, FY2024: 43.10%Operating margin, FY2025: 30.22%Net margin, FY2021: -0.66%Net margin, FY2022: -27.80%Net margin, FY2023: -61.77%Net margin, FY2024: -9.05%Net margin, FY2025: -36.94%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 73.70%. Gross margin FY2022 66.26%. Gross margin FY2023 44.42%. Gross margin FY2024 60.92%. Gross margin FY2025 52.88%. Operating margin FY2021 58.71%. Operating margin FY2022 17.87%. Operating margin FY2023 22.21%. Operating margin FY2024 43.10%. Operating margin FY2025 30.22%. Net margin FY2021 -0.66%. Net margin FY2022 -27.80%. Net margin FY2023 -61.77%. Net margin FY2024 -9.05%. Net margin FY2025 -36.94%.

Income trends

Revenue

794.99M HKD-24.11%

Operating income

240.23M HKD-46.79%

Net income

−293.69M HKD-209.68%
Income trends across reported periods1.42B HKD662.21M HKD−90.98M HKD−844.18M HKDRevenue, FY2021: 1.23B HKDRevenue, FY2022: 1.06B HKDRevenue, FY2023: 1.06B HKDRevenue, FY2024: 1.05B HKDRevenue, FY2025: 794.99M HKDOperating income, FY2021: 720.49M HKDOperating income, FY2022: 190.22M HKDOperating income, FY2023: 235.77M HKDOperating income, FY2024: 451.48M HKDOperating income, FY2025: 240.23M HKDNet income, FY2021: −8.11M HKDNet income, FY2022: −295.97M HKDNet income, FY2023: −655.88M HKDNet income, FY2024: −94.84M HKDNet income, FY2025: −293.69M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.23B HKD. Revenue FY2022 1.06B HKD. Revenue FY2023 1.06B HKD. Revenue FY2024 1.05B HKD. Revenue FY2025 794.99M HKD. Operating income FY2021 720.49M HKD. Operating income FY2022 190.22M HKD. Operating income FY2023 235.77M HKD. Operating income FY2024 451.48M HKD. Operating income FY2025 240.23M HKD. Net income FY2021 −8.11M HKD. Net income FY2022 −295.97M HKD. Net income FY2023 −655.88M HKD. Net income FY2024 −94.84M HKD. Net income FY2025 −293.69M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue794.99M HKD1.05B HKD1.06B HKD1.06B HKD1.23B HKD
Cost of goods sold374.56M HKD409.39M HKD617.93M HKD560.65M HKD322.7M HKD
Gross profit420.43M HKD638.2M HKD471.67M HKD705.45M HKD904.4M HKD
Selling, general, and administrative85.79M HKD186.72M HKD95.18M HKD97.37M HKD156.22M HKD
Operating expenses180.2M HKD186.72M HKD235.9M HKD111.74M HKD183.92M HKD
Interest income5.39M HKD4.95M HKD−8.34M HKD4.87M HKD7.97M HKD
Interest expense252.38M HKD322.51M HKD385.64M HKD363.21M HKD410.13M HKD
Depreciation and amortization15.4M HKD3.09M HKD16.19M HKD18.01M HKD15.88M HKD
Operating income240.23M HKD451.48M HKD235.77M HKD190.22M HKD720.49M HKD
Net income−293.69M HKD−94.84M HKD−655.88M HKD−295.97M HKD−8.11M HKD

Company facts updated Aug 25, 2026.

Earnings

Latest EPS result
-0.09

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates1.130.51-0.11-0.72Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25
Q4 2021, reported Dec 31, 2021: actual 1, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 12, 2022: actual 1, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 10, 2023: actual -0.234, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 11, 2023: actual -0.597, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 22, 2024: actual -0.435, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 9, 2024: actual -0.048, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 14, 2025: actual -0.102, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 11, 2025: actual -0.093, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates645.63M488.78M331.93M175.08MQ4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25
Q4 2021, reported Dec 31, 2021: actual 613.06M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 12, 2022: actual 460.35M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 10, 2023: actual 567.55M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 11, 2023: actual 543.29M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 22, 2024: actual 546.3M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 9, 2024: actual 596.31M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 14, 2025: actual 451.28M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 11, 2025: actual 205.98M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.085

2008 complete year-32.0% since 2004

Corporate action history

Dividend

Ex-dividend May 27, 2010

HK$0.06

Special

Dividend

Ex-dividend Oct 10, 2008

HK$0.025

Semi-Annual

Dividend

Ex-dividend May 16, 2008

HK$0.06

Semi-Annual

Dividend

Ex-dividend Oct 5, 2007

HK$0.04

Semi-Annual

Dividend

Ex-dividend May 18, 2007

HK$0.06

Semi-Annual

Dividend

Ex-dividend Oct 6, 2006

HK$0.04

Semi-Annual

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