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Lai Fung Holdings Limited logo

Lai Fung Holdings Limited

1125.HK

HKSEReal EstateReal Estate - Development

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Latest quote

HK$0.685

HK$0.00 · 0.00%

Aug 20, 2:28 PM HKT

1125.HK company overview

Historical prices · Market data may be delayed.

Company profile

Company website

Lai Fung Holdings Limited, an investment holding company established in 1997 and based in Central, Hong Kong, primarily focuses on the real estate sector. Its activities involve both the development and acquisition of properties across Mainland China, Hong Kong, and various international locations. The company's operations are divided into four principal divisions: property development, property investment, the management of hotels and serviced apartments, and the operation of theme parks. Lai Fung's portfolio includes the creation of residential, office, and commercial buildings, as well as investing in and developing hospitality properties like hotels and serviced apartments. Furthermore, it engages in the establishment and management of cultural, leisure, and entertainment facilities. Beyond these core areas, the company also provides property and building management services and directly oversees the functioning of theme parks. Lai Fung Holdings Limited operates as a subsidiary of Lai Sun Development Company Limited.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
HK
CEO
Hau Yin Lam
Listed since
Nov 28, 1997
Employees
1,360

Market position

52-week range

Current HK$0.685

Open
HK$0.685
Previous close
HK$0.685
Volume
6K
2.36× average
Average volume
2.55K
Average daily volume
Market cap
226.76M HKD
Beta
-0.13
Market reference 1
50-day average
HK$0.7353
-6.84% below average
200-day average
HK$0.8963
-23.57% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
9.54B HKD
P/E (TTM)
-0.35×
P/B (TTM)
0.02×
P/S (TTM)
0.14×
EV / EBITDA
34×
Earnings yield
-129.29%
Free cash flow yield
90.06%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
15.45%
Operating margin
1.41%
Net margin
-38.36%
Return on equity
-3.49%
Return on assets
-1.47%
Return on invested capital
0.85%

Financial health

Debt / equity
0.86×
Current ratio
0.9×
Altman Z-score
0.29
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends60%26%-7%-41%Gross margin, FY2021: 22.50%Gross margin, FY2022: 51.55%Gross margin, FY2023: 50.10%Gross margin, FY2024: 40.59%Gross margin, FY2025: 40.67%Operating margin, FY2021: 3.85%Operating margin, FY2022: 26.95%Operating margin, FY2023: 9.19%Operating margin, FY2024: 39.66%Operating margin, FY2025: 17.58%Net margin, FY2021: -21.13%Net margin, FY2022: -11.28%Net margin, FY2023: -32.47%Net margin, FY2024: -12.21%Net margin, FY2025: -32.48%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 22.50%. Gross margin FY2022 51.55%. Gross margin FY2023 50.10%. Gross margin FY2024 40.59%. Gross margin FY2025 40.67%. Operating margin FY2021 3.85%. Operating margin FY2022 26.95%. Operating margin FY2023 9.19%. Operating margin FY2024 39.66%. Operating margin FY2025 17.58%. Net margin FY2021 -21.13%. Net margin FY2022 -11.28%. Net margin FY2023 -32.47%. Net margin FY2024 -12.21%. Net margin FY2025 -32.48%.

Income trends

Revenue

1.29B HKD-41.11%

Operating income

227.05M HKD-73.89%

Net income

−419.42M HKD-56.70%
Income trends across reported periods3.58B HKD2.03B HKD486.08M HKD−1.06B HKDRevenue, FY2021: 3.2B HKDRevenue, FY2022: 2.52B HKDRevenue, FY2023: 1.8B HKDRevenue, FY2024: 2.19B HKDRevenue, FY2025: 1.29B HKDOperating income, FY2021: 123.12M HKDOperating income, FY2022: 677.94M HKDOperating income, FY2023: 165.51M HKDOperating income, FY2024: 869.63M HKDOperating income, FY2025: 227.05M HKDNet income, FY2021: −675.57M HKDNet income, FY2022: −283.88M HKDNet income, FY2023: −584.7M HKDNet income, FY2024: −267.66M HKDNet income, FY2025: −419.42M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.2B HKD. Revenue FY2022 2.52B HKD. Revenue FY2023 1.8B HKD. Revenue FY2024 2.19B HKD. Revenue FY2025 1.29B HKD. Operating income FY2021 123.12M HKD. Operating income FY2022 677.94M HKD. Operating income FY2023 165.51M HKD. Operating income FY2024 869.63M HKD. Operating income FY2025 227.05M HKD. Net income FY2021 −675.57M HKD. Net income FY2022 −283.88M HKD. Net income FY2023 −584.7M HKD. Net income FY2024 −267.66M HKD. Net income FY2025 −419.42M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue1.29B HKD2.19B HKD1.8B HKD2.52B HKD3.2B HKD
Cost of goods sold766.16M HKD1.3B HKD898.52M HKD1.22B HKD2.48B HKD
Gross profit525.17M HKD889.99M HKD901.99M HKD1.3B HKD719.12M HKD
Selling, general, and administrative268.57M HKD350.69M HKD420.08M HKD376.36M HKD385.18M HKD
Operating expenses298.12M HKD20.35M HKD667.67M HKD1.05B HKD852.48M HKD
Interest income42.7M HKD−17.95M HKD65.4M HKD91.02M HKD48.36M HKD
Interest expense464.75M HKD561.81M HKD502.91M HKD347.15M HKD359.27M HKD
Depreciation and amortization109.81M HKD123.11M HKD163.56M HKD243.31M HKD267.75M HKD
Operating income227.05M HKD869.63M HKD165.51M HKD677.94M HKD123.12M HKD
Net income−419.42M HKD−267.66M HKD−584.7M HKD−283.88M HKD−675.57M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.77

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0.15-0.54-0.93-1.32Q1 '22Q4 '22Q1 '23Q4 '23Q1 '24Q4 '24Q1 '25Q4 '25
Q1 2022, reported Jan 31, 2022: actual -0.226, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Oct 18, 2022: actual -0.18, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 21, 2023: actual -0.535, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Oct 17, 2023: actual -1.23, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 19, 2024: actual -0.527, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 16, 2024: actual -0.281, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 17, 2025: actual -0.495, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 13, 2025: actual -0.772, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.47B1.19B911.29M633.67MQ1 '22No estimateQ4 '22BeatQ1 '23BeatQ4 '23MissQ1 '24BeatQ4 '24No estimateQ1 '25No estimateQ4 '25No estimate
Q1 2022, reported Jan 31, 2022: actual 1.36B HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Oct 18, 2022: actual 1.3B HKD, estimate 866M HKD, surprise +49.96%, Beat. Q1 2023, reported Mar 21, 2023: actual 1.06B HKD, estimate 866M HKD, surprise +22.47%, Beat. Q4 2023, reported Oct 17, 2023: actual 836.25M HKD, estimate 866M HKD, surprise -3.44%, Miss. Q1 2024, reported Mar 19, 2024: actual 1.41B HKD, estimate 866M HKD, surprise +62.71%, Beat. Q4 2024, reported Oct 16, 2024: actual 772.62M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 17, 2025: actual 694.67M HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 13, 2025: actual 691.11M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.20

2019 complete year+21.2% since 2015

Corporate action history

Dividend

Ex-dividend Dec 27, 2019

HK$0.20

Annual

Record Dec 30, 2019 · Payment Feb 13, 2020

Dividend

Ex-dividend Dec 28, 2018

HK$0.20

Annual

Record Jan 2, 2019 · Payment Feb 13, 2019

Dividend

Ex-dividend Dec 19, 2017

HK$0.20

Annual

Record Dec 20, 2017 · Payment Jan 30, 2018

Dividend

Ex-dividend Dec 20, 2016

HK$0.0001

Annual

Dividend

Ex-dividend Dec 17, 2015

HK$0.0001

Annual

Dividend

Ex-dividend Dec 16, 2014

HK$0.0001

Annual

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