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Wang On Properties Limited logo

Wang On Properties Limited

1243.HK

HKSEReal EstateReal Estate - Development

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Latest quote

HK$0.031

−HK$0.002 · -6.06%

Aug 24, 1:34 PM HKTData delayed

1243.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Wang On Properties Limited operates as an investment holding firm, primarily concentrating on the acquisition, construction, and sale of commercial and residential real estate throughout Hong Kong. The company's operations are divided into three core divisions: Property Development, Property Investment, and Asset Management. Its development activities encompass securing undeveloped land for new projects, as well as purchasing existing structures for demolition and subsequent rebuilding. Additionally, it acquires completed properties to hold as long-term investments. Beyond property, the company also engages in the leasing and divestment of commercial and industrial premises, and offers a range of services including general management, securities trading, asset oversight, and financial solutions. Established in 1987, Wang On Properties Limited maintains its head office in Kowloon Bay, Hong Kong, and functions as a subsidiary of Earnest Spot Limited.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
HK
CEO
Hong Tang
Listed since
Apr 12, 2016
Employees
156

Market position

Volume
152K
0.12× average
Average volume
1.31M
Average daily volume
Market cap
471.2M HKD
Beta
0.55
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.84B HKD
EV / EBITDA
-3.31×
Earnings yield
-200.50%
Free cash flow yield
201.91%

Profitability & efficiency

Return on equity
-35.62%
Return on assets
-16.41%
Return on invested capital
-6.98%

Financial health

Current ratio
1.58×
Altman Z-score
0.2
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends839%417%-5%-427%Gross margin, FY2021: 39.99%Gross margin, FY2022: 15.88%Gross margin, FY2023: 20.07%Gross margin, FY2024: 11.10%Gross margin, FY2025: -4.81%Operating margin, FY2021: -321.17%Operating margin, FY2022: -2.22%Operating margin, FY2023: -270.95%Operating margin, FY2024: -17.40%Operating margin, FY2025: -26.00%Net margin, FY2021: 733.66%Net margin, FY2022: 10.60%Net margin, FY2023: -246.15%Net margin, FY2024: -77.87%Net margin, FY2025: -65.46%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 39.99%. Gross margin FY2022 15.88%. Gross margin FY2023 20.07%. Gross margin FY2024 11.10%. Gross margin FY2025 -4.81%. Operating margin FY2021 -321.17%. Operating margin FY2022 -2.22%. Operating margin FY2023 -270.95%. Operating margin FY2024 -17.40%. Operating margin FY2025 -26.00%. Net margin FY2021 733.66%. Net margin FY2022 10.60%. Net margin FY2023 -246.15%. Net margin FY2024 -77.87%. Net margin FY2025 -65.46%.

Income trends

Revenue

1.4B HKD+11.33%

Operating income

−363.19M HKD-66.33%

Net income

−914.29M HKD+6.41%
Income trends across reported periods2.29B HKD1.1B HKD−86.27M HKD−1.27B HKDRevenue, FY2021: 38.86M HKDRevenue, FY2022: 1.99B HKDRevenue, FY2023: 297.89M HKDRevenue, FY2024: 1.25B HKDRevenue, FY2025: 1.4B HKDOperating income, FY2021: −124.8M HKDOperating income, FY2022: −44.22M HKDOperating income, FY2023: −807.16M HKDOperating income, FY2024: −218.35M HKDOperating income, FY2025: −363.19M HKDNet income, FY2021: 285.08M HKDNet income, FY2022: 211.07M HKDNet income, FY2023: −733.28M HKDNet income, FY2024: −976.89M HKDNet income, FY2025: −914.29M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 38.86M HKD. Revenue FY2022 1.99B HKD. Revenue FY2023 297.89M HKD. Revenue FY2024 1.25B HKD. Revenue FY2025 1.4B HKD. Operating income FY2021 −124.8M HKD. Operating income FY2022 −44.22M HKD. Operating income FY2023 −807.16M HKD. Operating income FY2024 −218.35M HKD. Operating income FY2025 −363.19M HKD. Net income FY2021 285.08M HKD. Net income FY2022 211.07M HKD. Net income FY2023 −733.28M HKD. Net income FY2024 −976.89M HKD. Net income FY2025 −914.29M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue1.4B HKD1.25B HKD297.89M HKD1.99B HKD38.86M HKD
Cost of goods sold1.46B HKD1.12B HKD238.12M HKD1.68B HKD23.32M HKD
Gross profit−67.14M HKD139.23M HKD59.77M HKD316.25M HKD15.54M HKD
Selling, general, and administrative296.05M HKD357.59M HKD188.39M HKD287.66M HKD140.34M HKD
Operating expenses296.05M HKD357.59M HKD188.39M HKD289.2M HKD140.34M HKD
Interest income2.72M HKD6.64M HKD25.71M HKD37.41M HKD35.9M HKD
Interest expense239.39M HKD230.18M HKD181.01M HKD126.76M HKD71.21M HKD
Depreciation and amortization16.15M HKD15.43M HKD14.72M HKD14.92M HKD19.3M HKD
Operating income−363.19M HKD−218.35M HKD−807.16M HKD−44.22M HKD−124.8M HKD
Net income−914.29M HKD−976.89M HKD−733.28M HKD211.07M HKD285.08M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-0.06
FY2025
Latest fiscal-year revenue
1.4B HKD
FY2025 · +11.33% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.03-0.01-0.04-0.07FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend2.19B1.41B624.75M-156.44MFY21FY22FY23FY24FY25

Corporate actions

Annual dividends per share

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

HK$0.0069

2023 complete year-1.4% since 2019

Corporate action history

Dividend

Ex-dividend Aug 25, 2023

HK$0.0069

Annual

Record Aug 28, 2023 · Payment Sep 13, 2023

Dividend

Ex-dividend Aug 30, 2022

HK$0.0075

Annual

Record Sep 1, 2022 · Payment Sep 14, 2022

Dividend

Ex-dividend Aug 30, 2021

HK$0.0074

Annual

Record Aug 31, 2021 · Payment Sep 14, 2021

Dividend

Ex-dividend Aug 27, 2020

HK$0.0072

Annual

Record Aug 28, 2020 · Payment Sep 11, 2020

Dividend

Ex-dividend Sep 4, 2019

HK$0.007

Annual

Record Sep 5, 2019 · Payment Sep 19, 2019

Dividend

Ex-dividend Sep 3, 2018

HK$0.0065

Annual

Record Sep 4, 2018 · Payment Sep 17, 2018

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