Wecon Holdings Limited logo

Wecon Holdings Limited

1793.HK

HKSEIndustrialsEngineering & Construction

Latest quote

HK$1.20

−HK$0.125 · -9.43%

Aug 25, 4:08 PM HKT

1793.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Wecon Holdings Limited, an investment holding company, operates as a construction contractor in Hong Kong. It operates through Construction contracts and Repair, Maintenance, Alteration and Addition (RMAA) segments. The company provides building construction services for residential, commercial, and industrial buildings and RMAA services, such as general upkeep, maintenance, improvement, refurbishment, alteration, and addition of existing facilities and components of buildings and their surroundings. It also offers the provision of building information modelling services. The company was founded in 1974 and is headquartered in Central, Hong Kong. Wecon Holdings Limited operates as a subsidiary of Triple Arch Limited.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
HK
CEO
Ka Yip Tsang
Listed since
Feb 27, 2019
Employees
152

Market position

Day range

Current HK$1.20

52-week range

Current HK$1.20

Open
HK$1.325
Previous close
HK$1.325
Volume
10.12M
5.1× average
Average volume
1.98M
Average daily volume
Market cap
951.84M HKD
Beta
0.37
Market reference 1
50-day average
HK$0.4492
+167.14% above average
200-day average
HK$0.3129
+283.50% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
146.33M HKD
P/E (TTM)
100.84×
P/B (TTM)
3.5×
P/S (TTM)
0.9×
EV / EBITDA
17.36×
Earnings yield
4.50%
Free cash flow yield
56.92%
Dividend yield
1.00%

Profitability & efficiency

Gross margin
3.66%
Operating margin
-0.02%
Net margin
0.89%
Return on equity
3.42%
Return on assets
1.81%
Return on invested capital
0.18%

Financial health

Debt / equity
0.04×
Current ratio
1.96×
Altman Z-score
7.72
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 trends5%3%1%-1%Gross margin, FY2021: 4.65%Gross margin, FY2022: 4.49%Gross margin, FY2023: 3.89%Gross margin, FY2024: 3.54%Gross margin, FY2025: 3.66%Operating margin, FY2021: 0.90%Operating margin, FY2022: -0.66%Operating margin, FY2023: 0.25%Operating margin, FY2024: -0.21%Operating margin, FY2025: 0.05%Net margin, FY2021: 1.23%Net margin, FY2022: 0.68%Net margin, FY2023: 0.52%Net margin, FY2024: 0.70%Net margin, FY2025: 0.89%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 4.65%. Gross margin FY2022 4.49%. Gross margin FY2023 3.89%. Gross margin FY2024 3.54%. Gross margin FY2025 3.66%. Operating margin FY2021 0.90%. Operating margin FY2022 -0.66%. Operating margin FY2023 0.25%. Operating margin FY2024 -0.21%. Operating margin FY2025 0.05%. Net margin FY2021 1.23%. Net margin FY2022 0.68%. Net margin FY2023 0.52%. Net margin FY2024 0.70%. Net margin FY2025 0.89%.

Income trends

Revenue

1.06B HKD+0.44%

Operating income

579K HKD+2.75M HKD

Net income

9.46M HKD+28.01%
Income trends across reported periods1.28B HKD810.53M HKD344.09M HKD−122.36M HKDRevenue, FY2021: 1.15B HKDRevenue, FY2022: 869.03M HKDRevenue, FY2023: 1.16B HKDRevenue, FY2024: 1.06B HKDRevenue, FY2025: 1.06B HKDOperating income, FY2021: 10.39M HKDOperating income, FY2022: −5.75M HKDOperating income, FY2023: 2.95M HKDOperating income, FY2024: −2.18M HKDOperating income, FY2025: 579K HKDNet income, FY2021: 14.21M HKDNet income, FY2022: 5.95M HKDNet income, FY2023: 6M HKDNet income, FY2024: 7.39M HKDNet income, FY2025: 9.46M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.15B HKD. Revenue FY2022 869.03M HKD. Revenue FY2023 1.16B HKD. Revenue FY2024 1.06B HKD. Revenue FY2025 1.06B HKD. Operating income FY2021 10.39M HKD. Operating income FY2022 −5.75M HKD. Operating income FY2023 2.95M HKD. Operating income FY2024 −2.18M HKD. Operating income FY2025 579K HKD. Net income FY2021 14.21M HKD. Net income FY2022 5.95M HKD. Net income FY2023 6M HKD. Net income FY2024 7.39M HKD. Net income FY2025 9.46M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue1.06B HKD1.06B HKD1.16B HKD869.03M HKD1.15B HKD
Cost of goods sold1.02B HKD1.02B HKD1.12B HKD830.01M HKD1.1B HKD
Gross profit38.88M HKD37.52M HKD45.1M HKD39.02M HKD53.65M HKD
Selling, general, and administrative38.3M HKD40.35M HKD45.1M HKD45.4M HKD44.25M HKD
Operating expenses38.3M HKD39.69M HKD45.08M HKD42.74M HKD44.12M HKD
Interest income3.5M HKD3.83M HKD3.06M HKD1.71M HKD225K HKD
Interest expense448K HKD447K HKD272K HKD180K HKD129K HKD
Depreciation and amortization7.85M HKD7.26M HKD7.31M HKD7.67M HKD7.33M HKD
Operating income579K HKD−2.18M HKD2.95M HKD−5.75M HKD10.39M HKD
Net income9.46M HKD7.39M HKD6M HKD5.95M HKD14.21M HKD

Company facts updated Aug 25, 2026.

Earnings

Latest EPS result
0.01

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.060.040.020Q3 '21Q1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q3 '25
Q3 2021, reported Sep 30, 2021: actual 0.017, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual 0.001, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 25, 2022: actual 0.003, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 29, 2023: actual 0.004, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 29, 2023: actual 0.003, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 26, 2024: actual 0.005, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual 0.006, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 0.008, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates692.62M592.08M491.53M390.99MQ3 '21Q1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q3 '25
Q3 2021, reported Sep 30, 2021: actual 538.36M HKD, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual 614.33M HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 25, 2022: actual 451.4M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 29, 2023: actual 417.63M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 29, 2023: actual 494.39M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 26, 2024: actual 665.98M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual 580.3M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 648.03M HKD, estimate —, surprise —, Comparison unavailable.

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