Golden Resources Development International Limited logo

Golden Resources Development International Limited

0677.HK

HKSEConsumer DefensiveFood Distribution

Latest quote

HK$0.355

+HK$0.005 · +1.43%

Aug 24, 3:58 PM HKT

0677.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Golden Resources Development International Limited functions as an investment holding company, overseeing a varied business portfolio. Its primary focus lies within the rice industry, where it manages the entire supply chain from global procurement and importation to wholesale, processing, packaging, marketing, and distribution throughout Hong Kong, Vietnam, and other international territories. The company's operations are strategically organized into distinct segments: its Rice Business, Convenience Store Network, Securities Portfolio, and Real Estate Ventures. Beyond its core rice activities, it also operates convenience stores, invests in both equity and debt instruments, and engages in the acquisition, management, and development of properties. Furthermore, Golden Resources Development provides a range of ancillary services including information technology, warehousing, logistics, and money lending, alongside its rice re-exporting operations and management of various trademarks. The company boasts an extensive selection of approximately 30 processed rice brands, featuring well-known names such as Golden Elephant, Kangaroo, Kam Heung Premium, Golden Boat, Cherry Blossom Castle, Amstar, Krampton, Kwai Fa, Tiwo, Jewellery, White Swan, Golden Harbour, and Green Field. Established in 1946, its corporate headquarters are located on Tsing Yi Island, Hong Kong.

Industry
Food Distribution
Sector
Consumer Defensive
Headquarters
HK
CEO
Sai Lam
Listed since
Jan 28, 1991
Employees
3,601

Market position

Day range

Current HK$0.355

52-week range

Current HK$0.355

Open
HK$0.355
Previous close
HK$0.35
Volume
108K
0.5× average
Average volume
215.14K
Average daily volume
Market cap
602.58M HKD
Beta
1.02
Market reference 1
50-day average
HK$0.347
+2.31% above average
200-day average
HK$0.3488
+1.77% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
635.55M HKD
P/E (TTM)
22.19×
P/B (TTM)
0.46×
P/S (TTM)
0.29×
EV / EBITDA
2.29×
Earnings yield
4.58%
Free cash flow yield
39.51%
Dividend yield
6.48%

Profitability & efficiency

Gross margin
38.64%
Operating margin
1.02%
Net margin
1.29%
Return on equity
2.07%
Return on assets
1.27%
Return on invested capital
2.01%

Financial health

Debt / equity
0.34×
Current ratio
1.69×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends43%27%11%-5%Gross margin, FY2021: 35.95%Gross margin, FY2022: 38.25%Gross margin, FY2023: 38.82%Gross margin, FY2024: 38.22%Gross margin, FY2025: 38.64%Operating margin, FY2021: 0.68%Operating margin, FY2022: 7.59%Operating margin, FY2023: 7.19%Operating margin, FY2024: 0.23%Operating margin, FY2025: 2.69%Net margin, FY2021: 1.05%Net margin, FY2022: 6.25%Net margin, FY2023: 5.16%Net margin, FY2024: -0.70%Net margin, FY2025: 1.29%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 35.95%. Gross margin FY2022 38.25%. Gross margin FY2023 38.82%. Gross margin FY2024 38.22%. Gross margin FY2025 38.64%. Operating margin FY2021 0.68%. Operating margin FY2022 7.59%. Operating margin FY2023 7.19%. Operating margin FY2024 0.23%. Operating margin FY2025 2.69%. Net margin FY2021 1.05%. Net margin FY2022 6.25%. Net margin FY2023 5.16%. Net margin FY2024 -0.70%. Net margin FY2025 1.29%.

Income trends

Revenue

2.1B HKD+1.22%

Operating income

56.69M HKD+1106.41%

Net income

27.23M HKD+41.7M HKD
Income trends across reported periods2.32B HKD1.47B HKD621.13M HKD−226.33M HKDRevenue, FY2021: 1.77B HKDRevenue, FY2022: 2.06B HKDRevenue, FY2023: 2.07B HKDRevenue, FY2024: 2.08B HKDRevenue, FY2025: 2.1B HKDOperating income, FY2021: 12.03M HKDOperating income, FY2022: 156.31M HKDOperating income, FY2023: 148.9M HKDOperating income, FY2024: 4.7M HKDOperating income, FY2025: 56.69M HKDNet income, FY2021: 18.7M HKDNet income, FY2022: 128.68M HKDNet income, FY2023: 106.85M HKDNet income, FY2024: −14.47M HKDNet income, FY2025: 27.23M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.77B HKD. Revenue FY2022 2.06B HKD. Revenue FY2023 2.07B HKD. Revenue FY2024 2.08B HKD. Revenue FY2025 2.1B HKD. Operating income FY2021 12.03M HKD. Operating income FY2022 156.31M HKD. Operating income FY2023 148.9M HKD. Operating income FY2024 4.7M HKD. Operating income FY2025 56.69M HKD. Net income FY2021 18.7M HKD. Net income FY2022 128.68M HKD. Net income FY2023 106.85M HKD. Net income FY2024 −14.47M HKD. Net income FY2025 27.23M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue2.1B HKD2.08B HKD2.07B HKD2.06B HKD1.77B HKD
Cost of goods sold1.29B HKD1.28B HKD1.27B HKD1.27B HKD1.14B HKD
Gross profit813.13M HKD794.5M HKD804.53M HKD787.91M HKD637.9M HKD
Selling, general, and administrative756.44M HKD736.44M HKD703.94M HKD631.6M HKD625.86M HKD
Operating expenses756.44M HKD789.8M HKD655.63M HKD631.6M HKD625.86M HKD
Interest income11.57M HKD12.15M HKD14.28M HKD12.36M HKD4.05M HKD
Interest expense33.39M HKD36.36M HKD34.18M HKD32.01M HKD30.53M HKD
Depreciation and amortization196.83M HKD191.46M HKD166.21M HKD139.74M HKD165.02M HKD
Operating income56.69M HKD4.7M HKD148.9M HKD156.31M HKD12.03M HKD
Net income27.23M HKD−14.47M HKD106.85M HKD128.68M HKD18.7M HKD

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 estimates0.090.04-0.01-0.05Q3 '21Q1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q3 '25
Q3 2021, reported Sep 30, 2021: actual -0.008, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual 0.019, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 29, 2022: actual 0.044, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 19, 2023: actual 0.032, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 29, 2023: actual 0.049, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 28, 2024: actual 0.014, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual -0.003, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual -0.015, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1.09B995.32M903.52M811.71MQ3 '21Q1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q3 '25
Q3 2021, reported Sep 30, 2021: actual 853.53M HKD, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual 920.71M HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 29, 2022: actual 1.03B HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 19, 2023: actual 1.03B HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 29, 2023: actual 1.03B HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 28, 2024: actual 1.05B HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual 1.04B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 1.04B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.023

2025 complete year-4.2% since 2021

Corporate action history

DividendUpcoming

Ex-dividend Aug 31, 2026

HK$0.012

Semi-Annual

Record Sep 1, 2026 · Payment Sep 18, 2026

Dividend

Ex-dividend Dec 12, 2025

HK$0.011

Semi-Annual

Record Dec 15, 2025 · Payment Jan 16, 2026

Dividend

Ex-dividend Sep 1, 2025

HK$0.012

Semi-Annual

Record Sep 2, 2025 · Payment Sep 19, 2025

Dividend

Ex-dividend Dec 13, 2024

HK$0.011

Semi-Annual

Record Dec 16, 2024 · Payment Jan 17, 2025

Dividend

Ex-dividend Sep 2, 2024

HK$0.012

Semi-Annual

Record Sep 3, 2024 · Payment Sep 20, 2024

Dividend

Ex-dividend Dec 12, 2023

HK$0.011

Semi-Annual

Record Dec 13, 2023 · Payment Jan 15, 2024

0677.HK peers

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Funds reporting this stock among their holdings, ordered by reported position size.

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