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Ares Asia Limited logo

Ares Asia Limited

0645.HK

HKSEIndustrialsIndustrial - Distribution

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Latest quote

HK$0.20

+HK$0.014 · +7.53%

Aug 24, 10:50 AM HKT

0645.HK company overview

Historical prices · Market data may be delayed.

Company profile

Company website

Ares Asia Limited, an investment holding company, engages in the trading of coal and other commodities in Mainland China, Hong Kong, Singapore, and Vietnam. The company was formerly known as KTP Holdings Limited and changed its name to Ares Asia Limited in April 2012. Ares Asia Limited was incorporated in 1993 and is headquartered in Kowloon, Hong Kong. The company is a subsidiary of Reignwood International Holdings Company Limited.

Industry
Industrial - Distribution
Sector
Industrials
Headquarters
HK
CEO
Yi Chun Lai
Listed since
Dec 5, 2001
Employees
5

Market position

52-week range

Current HK$0.20

Open
HK$0.20
Previous close
HK$0.186
Volume
48K
0.67× average
Average volume
71.5K
Average daily volume
Market cap
102.64M HKD
Beta
0.13
Market reference 1
50-day average
HK$0.1776
+12.63% above average
200-day average
HK$0.1607
+24.49% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
11.28M USD
EV / EBITDA
-17.78×
Earnings yield
-6.36%
Free cash flow yield
-11.81%

Profitability & efficiency

Return on equity
-19.09%
Return on assets
-16.87%
Return on invested capital
-20.01%

Financial health

Current ratio
8.52×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends11%-19%-49%-79%Gross margin, FY2021: 0.40%Gross margin, FY2022: 2.02%Gross margin, FY2023: 0.47%Gross margin, FY2024: 3.04%Gross margin, FY2025: 0.16%Operating margin, FY2021: -1.90%Operating margin, FY2022: -1.44%Operating margin, FY2023: -1.79%Operating margin, FY2024: -71.72%Operating margin, FY2025: -11.59%Net margin, FY2021: -2.10%Net margin, FY2022: -1.58%Net margin, FY2023: -1.80%Net margin, FY2024: -71.12%Net margin, FY2025: -10.60%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 0.40%. Gross margin FY2022 2.02%. Gross margin FY2023 0.47%. Gross margin FY2024 3.04%. Gross margin FY2025 0.16%. Operating margin FY2021 -1.90%. Operating margin FY2022 -1.44%. Operating margin FY2023 -1.79%. Operating margin FY2024 -71.72%. Operating margin FY2025 -11.59%. Net margin FY2021 -2.10%. Net margin FY2022 -1.58%. Net margin FY2023 -1.80%. Net margin FY2024 -71.12%. Net margin FY2025 -10.60%.

Income trends

Revenue

6.95M USD+109.52%

Operating income

−805.61K USD+66.14%

Net income

−736.9K USD+68.76%
Income trends across reported periods111.95M USD70.38M USD28.8M USD−12.77M USDRevenue, FY2021: 101.56M USDRevenue, FY2022: 52.59M USDRevenue, FY2023: 70.38M USDRevenue, FY2024: 3.32M USDRevenue, FY2025: 6.95M USDOperating income, FY2021: −1.93M USDOperating income, FY2022: −757K USDOperating income, FY2023: −1.26M USDOperating income, FY2024: −2.38M USDOperating income, FY2025: −805.61K USDNet income, FY2021: −2.13M USDNet income, FY2022: −829K USDNet income, FY2023: −1.27M USDNet income, FY2024: −2.36M USDNet income, FY2025: −736.9K USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 101.56M USD. Revenue FY2022 52.59M USD. Revenue FY2023 70.38M USD. Revenue FY2024 3.32M USD. Revenue FY2025 6.95M USD. Operating income FY2021 −1.93M USD. Operating income FY2022 −757K USD. Operating income FY2023 −1.26M USD. Operating income FY2024 −2.38M USD. Operating income FY2025 −805.61K USD. Net income FY2021 −2.13M USD. Net income FY2022 −829K USD. Net income FY2023 −1.27M USD. Net income FY2024 −2.36M USD. Net income FY2025 −736.9K USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue6.95M USD3.32M USD70.38M USD52.59M USD101.56M USD
Cost of goods sold6.94M USD3.22M USD70.05M USD51.53M USD101.15M USD
Gross profit10.95K USD101K USD331K USD1.07M USD408K USD
Selling, general, and administrative816.56K USD1.48M USD1.59M USD1.87M USD1.82M USD
Operating expenses816.56K USD2.48M USD1.59M USD1.82M USD2.34M USD
Interest income—1K USD2K USD2K USD—
Interest expense6.97K USD10K USD8K USD18K USD200K USD
Depreciation and amortization171.28K USD133K USD7K USD4K USD99K USD
Operating income−805.61K USD−2.38M USD−1.26M USD−757K USD−1.93M USD
Net income−736.9K USD−2.36M USD−1.27M USD−829K USD−2.13M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.01

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0-0.02-0.05-0.07Q1 '21Q3 '21Q1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24
Q1 2021, reported Mar 31, 2021: actual -0.028, estimate —, surprise —, Comparison unavailable. Q3 2021, reported Sep 30, 2021: actual -0.02, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual -0.012, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 17, 2022: actual -0.003, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 27, 2023: actual -0.009, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 30, 2023: actual -0.008, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 27, 2024: actual -0.011, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual -0.01, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates617.93M419.25M220.57M21.9MQ1 '21Q3 '21Q1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24
Q1 2021, reported Mar 31, 2021: actual 562.65M HKD, estimate —, surprise —, Comparison unavailable. Q3 2021, reported Sep 30, 2021: actual 574.06M HKD, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual 217.83M HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 17, 2022: actual 134.12M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 27, 2023: actual 278.72M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 30, 2023: actual 218.61M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 27, 2024: actual 332.18M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual 25.76M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Feb 21, 2020

73:71

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