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Tao Heung Holdings Limited logo

Tao Heung Holdings Limited

0573.HK

HKSEConsumer CyclicalRestaurants

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Latest quote

HK$0.25

−HK$0.005 · -1.96%

Aug 24, 1:20 PM HKTData delayed

0573.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Operating across Hong Kong and Mainland China, Tao Heung Holdings Limited functions as an investment holding company with a primary focus on the restaurant and bakery sectors. Its comprehensive operations encompass a wide range of activities within the food industry, including offering catering services, manufacturing, marketing, and distributing food products and other essentials for its dining establishments. Furthermore, Tao Heung is involved in poultry farming, encompassing the slaughtering, processing, and sale of livestock, as well as the production and retail of bakery items. Beyond its direct food operations, the company provides internal management, promotional, treasury, and human resources support services, alongside the procurement and sale of various food and operational supplies. The group also diversifies its interests through property investment ventures. Its diverse portfolio of restaurant and bakery brands includes well-known names such as Tao Heung, Pier 88, Hak Ka Hut, Cheers Restaurant, Chao Inn, Chung's Cuisine/Chung's Kitchen, Joyous One, Tao Square, Tao's Kitchen, Cheers Palace, Tai Cheong Bakery, and Chung's House. Established in 1991, the company maintains its headquarters in Tai Po, Hong Kong.

Industry
Restaurants
Sector
Consumer Cyclical
Headquarters
HK
CEO
Wai Ping Chung
Listed since
Jun 29, 2007
Employees
3,793

Market position

Day range

Current HK$0.25

52-week range

Current HK$0.25

Open
HK$0.255
Previous close
HK$0.255
Volume
34K
0.33× average
Average volume
101.72K
Average daily volume
Market cap
253.59M HKD
Beta
0.18
Market reference 1
50-day average
HK$0.2638
-5.23% below average
200-day average
HK$0.2963
-15.62% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
551.52M HKD
P/E (TTM)
-4.24×
P/B (TTM)
0.23×
P/S (TTM)
0.11×
EV / EBITDA
8.52×
Earnings yield
-18.47%
Free cash flow yield
63.33%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
6.53%
Operating margin
-1.66%
Net margin
-2.58%
Return on equity
-5.52%
Return on assets
-3.19%
Return on invested capital
-2.45%

Financial health

Debt / equity
0.41×
Current ratio
0.99×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends13%4%-4%-13%Gross margin, FY2021: 6.91%Gross margin, FY2022: -0.95%Gross margin, FY2023: 11.04%Gross margin, FY2024: 5.49%Gross margin, FY2025: 6.53%Operating margin, FY2021: -2.38%Operating margin, FY2022: -10.85%Operating margin, FY2023: 2.89%Operating margin, FY2024: -2.42%Operating margin, FY2025: -1.66%Net margin, FY2021: -0.75%Net margin, FY2022: -5.96%Net margin, FY2023: 2.50%Net margin, FY2024: -2.18%Net margin, FY2025: -2.58%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 6.91%. Gross margin FY2022 -0.95%. Gross margin FY2023 11.04%. Gross margin FY2024 5.49%. Gross margin FY2025 6.53%. Operating margin FY2021 -2.38%. Operating margin FY2022 -10.85%. Operating margin FY2023 2.89%. Operating margin FY2024 -2.42%. Operating margin FY2025 -1.66%. Net margin FY2021 -0.75%. Net margin FY2022 -5.96%. Net margin FY2023 2.50%. Net margin FY2024 -2.18%. Net margin FY2025 -2.58%.

Income trends

Revenue

2.32B HKD-4.39%

Operating income

−38.55M HKD+34.24%

Net income

−59.93M HKD-13.51%
Income trends across reported periods3.27B HKD1.99B HKD702.44M HKD−581.52M HKDRevenue, FY2021: 2.84B HKDRevenue, FY2022: 2.4B HKDRevenue, FY2023: 2.95B HKDRevenue, FY2024: 2.43B HKDRevenue, FY2025: 2.32B HKDOperating income, FY2021: −67.44M HKDOperating income, FY2022: −260.53M HKDOperating income, FY2023: 85.32M HKDOperating income, FY2024: −58.62M HKDOperating income, FY2025: −38.55M HKDNet income, FY2021: −21.23M HKDNet income, FY2022: −143.14M HKDNet income, FY2023: 73.66M HKDNet income, FY2024: −52.8M HKDNet income, FY2025: −59.93M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.84B HKD. Revenue FY2022 2.4B HKD. Revenue FY2023 2.95B HKD. Revenue FY2024 2.43B HKD. Revenue FY2025 2.32B HKD. Operating income FY2021 −67.44M HKD. Operating income FY2022 −260.53M HKD. Operating income FY2023 85.32M HKD. Operating income FY2024 −58.62M HKD. Operating income FY2025 −38.55M HKD. Net income FY2021 −21.23M HKD. Net income FY2022 −143.14M HKD. Net income FY2023 73.66M HKD. Net income FY2024 −52.8M HKD. Net income FY2025 −59.93M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue2.32B HKD2.43B HKD2.95B HKD2.4B HKD2.84B HKD
Cost of goods sold2.17B HKD2.29B HKD2.62B HKD2.42B HKD2.64B HKD
Gross profit151.4M HKD133.07M HKD325.67M HKD−22.91M HKD195.84M HKD
Selling, general, and administrative189.95M HKD191.69M HKD240.35M HKD246.22M HKD273.52M HKD
Operating expenses189.95M HKD191.69M HKD240.35M HKD237.62M HKD263.29M HKD
Interest income2.62M HKD6.18M HKD6.86M HKD8M HKD9.67M HKD
Interest expense16.86M HKD18.52M HKD24.8M HKD27.02M HKD30.7M HKD
Depreciation and amortization103.08M HKD326.85M HKD365.56M HKD380.66M HKD403.21M HKD
Operating income−38.55M HKD−58.62M HKD85.32M HKD−260.53M HKD−67.44M HKD
Net income−59.93M HKD−52.8M HKD73.66M HKD−143.14M HKD−21.23M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.06

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.080.01-0.07-0.14Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual -0.02, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0.001, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 23, 2022: actual -0.1, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 30, 2023: actual -0.041, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 23, 2023: actual 0.033, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 0.04, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 22, 2024: actual 0.004, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual -0.056, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates5.29B3.83B2.36B899.66MQ2 '21No estimateQ4 '21No estimateQ3 '22MissQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24No estimateQ1 '25No estimate
Q2 2021, reported Jun 30, 2021: actual 1.3B HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 1.53B HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 23, 2022: actual 1.06B HKD, estimate 4.98B HKD, surprise -78.73%, Miss. Q1 2023, reported Mar 30, 2023: actual 1.34B HKD, estimate 4.98B HKD, surprise -73.00%, Miss. Q3 2023, reported Aug 23, 2023: actual 1.5B HKD, estimate 4.98B HKD, surprise -69.76%, Miss. Q1 2024, reported Mar 28, 2024: actual 1.44B HKD, estimate 4.98B HKD, surprise -70.96%, Miss. Q3 2024, reported Aug 22, 2024: actual 1.29B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual 1.14B HKD, estimate —, surprise —, Comparison unavailable.

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