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Z Fin Limited logo

Z Fin Limited

1168.HK

HKSEReal EstateReal Estate - Diversified

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Latest quote

HK$5.505

+HK$0.005 · +0.09%

Aug 24, 3:24 PM HKT

1168.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Z Fin Limited delivers financial technology solutions for investment management, operating across diverse business lines. These include property development, property management, property investment, financing services, and additional ventures. Established in 1992, the firm's main offices are located in Hong Kong.

Industry
Real Estate - Diversified
Sector
Real Estate
Headquarters
HK
CEO
Yui Man Tang
Listed since
Jan 4, 2000
Employees
695

Market position

Day range

Current HK$5.505

52-week range

Current HK$5.505

Open
HK$5.49
Previous close
HK$5.50
Volume
184.4K
0.29× average
Average volume
627.29K
Average daily volume
Market cap
2.4B HKD
Beta
0.53
Market reference 1
50-day average
HK$4.3718
+25.92% above average
200-day average
HK$4.3251
+27.28% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.21B HKD
P/E (TTM)
-1.84×
P/B (TTM)
0.22×
P/S (TTM)
4.27×
EV / EBITDA
-2.54×
Earnings yield
-59.71%
Free cash flow yield
7.27%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
84.21%
Operating margin
22.22%
Net margin
-195.36%
Return on equity
-10.65%
Return on assets
-6.75%
Return on invested capital
0.77%

Financial health

Debt / equity
0.22×
Current ratio
7.57×
Altman Z-score
0.74
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends1280%745%210%-325%Gross margin, FY2021: 55.31%Gross margin, FY2022: 100.00%Gross margin, FY2023: 57.89%Gross margin, FY2024: 57.08%Gross margin, FY2025: 82.49%Operating margin, FY2021: 35.90%Operating margin, FY2022: 57.12%Operating margin, FY2023: 25.74%Operating margin, FY2024: 23.22%Operating margin, FY2025: 21.77%Net margin, FY2021: 44.12%Net margin, FY2022: -44.44%Net margin, FY2023: -77.12%Net margin, FY2024: 1145.92%Net margin, FY2025: -191.37%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 55.31%. Gross margin FY2022 100.00%. Gross margin FY2023 57.89%. Gross margin FY2024 57.08%. Gross margin FY2025 82.49%. Operating margin FY2021 35.90%. Operating margin FY2022 57.12%. Operating margin FY2023 25.74%. Operating margin FY2024 23.22%. Operating margin FY2025 21.77%. Net margin FY2021 44.12%. Net margin FY2022 -44.44%. Net margin FY2023 -77.12%. Net margin FY2024 1145.92%. Net margin FY2025 -191.37%.

Income trends

Revenue

574.88M HKD+65.99%

Operating income

125.15M HKD+55.63%

Net income

−1.1B HKD−5.07B HKD
Income trends across reported periods4.48B HKD2.45B HKD420.5M HKD−1.61B HKDRevenue, FY2021: 432.23M HKDRevenue, FY2022: 320.48M HKDRevenue, FY2023: 360.81M HKDRevenue, FY2024: 346.33M HKDRevenue, FY2025: 574.88M HKDOperating income, FY2021: 155.19M HKDOperating income, FY2022: 183.05M HKDOperating income, FY2023: 92.87M HKDOperating income, FY2024: 80.42M HKDOperating income, FY2025: 125.15M HKDNet income, FY2021: 190.71M HKDNet income, FY2022: −142.41M HKDNet income, FY2023: −278.24M HKDNet income, FY2024: 3.97B HKDNet income, FY2025: −1.1B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 432.23M HKD. Revenue FY2022 320.48M HKD. Revenue FY2023 360.81M HKD. Revenue FY2024 346.33M HKD. Revenue FY2025 574.88M HKD. Operating income FY2021 155.19M HKD. Operating income FY2022 183.05M HKD. Operating income FY2023 92.87M HKD. Operating income FY2024 80.42M HKD. Operating income FY2025 125.15M HKD. Net income FY2021 190.71M HKD. Net income FY2022 −142.41M HKD. Net income FY2023 −278.24M HKD. Net income FY2024 3.97B HKD. Net income FY2025 −1.1B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue574.88M HKD346.33M HKD360.81M HKD320.48M HKD432.23M HKD
Cost of goods sold160.42M HKD148.65M HKD151.92M HKD153.49M HKD163.41M HKD
Gross profit474.21M HKD197.68M HKD208.89M HKD320.48M HKD239.05M HKD
Selling, general, and administrative265.21M HKD117.26M HKD116.02M HKD137.43M HKD134.51M HKD
Operating expenses265.21M HKD117.26M HKD116.02M HKD137.43M HKD134.51M HKD
Interest income37.28M HKD61.1M HKD78.21M HKD121.52M HKD76.98M HKD
Interest expense126.8M HKD73.93M HKD87.14M HKD46.01M HKD19.48M HKD
Depreciation and amortization24.75M HKD20.58M HKD23.45M HKD25.95M HKD32.59M HKD
Operating income125.15M HKD80.42M HKD92.87M HKD183.05M HKD155.19M HKD
Net income−1.1B HKD3.97B HKD−278.24M HKD−142.41M HKD190.71M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.48

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.520.320.12-0.08Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual -0.011, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 0.024, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 29, 2022: actual 0.014, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 23, 2023: actual -0.036, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual -0.041, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual -0.003, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual -0.024, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 24, 2025: actual 0.479, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates305.79M219.59M133.39M47.19MQ2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 55.52M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 183.53M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 29, 2022: actual 111.8M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 23, 2023: actual 208.68M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 30, 2023: actual 185.95M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 181.05M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual 103.37M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 24, 2025: actual 287.25M HKD, estimate —, surprise —, Comparison unavailable.

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