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Junwea Group (China) Co Ltd logo

Junwea Group (China) Co Ltd

1920.HK

HKSEIndustrialsEngineering & Construction

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Latest quote

HK$0.37

−HK$0.005 · -1.33%

Aug 24, 11:59 AM HKT

1920.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Hands Form Holdings Limited, functioning as an investment holding enterprise, operates as a specialized subcontractor within Hong Kong's construction industry. The company primarily focuses on "wet trades," encompassing crucial building activities such as applying plaster to floors, walls, and ceilings; expert installation of various tiles on both interior and exterior surfaces; bricklaying; and the meticulous placement of marble flooring. Additionally, the firm offers a suite of related support services. These include detailed touch-ups, chiseling, smoothing, and cleaning, along with sealant application, washed granolithic screed finishes, and comprehensive on-site logistics. Their clientele is diverse, comprising main contractors, other subcontractors involved in a variety of building developments, government entities, and property developers. Hands Form Holdings Limited was established in 1989 and is based in Jordan, Hong Kong.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
HK
CEO
Zhenling Zhou
Listed since
Aug 16, 2019
Employees
260

Market position

Day range

Current HK$0.37

52-week range

Current HK$0.37

Open
HK$0.375
Previous close
HK$0.375
Volume
60K
0.04× average
Average volume
1.39M
Average daily volume
Market cap
138.71M HKD
Beta
0.59
Market reference 1
50-day average
HK$0.5052
-26.76% below average
200-day average
HK$0.6549
-43.50% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
120.01M HKD
P/E (TTM)
-13.81×
P/B (TTM)
7.44×
P/S (TTM)
1.11×
EV / EBITDA
-12.13×
Earnings yield
-7.05%
Free cash flow yield
7.30%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
8.02%
Operating margin
-11.48%
Net margin
-8.07%
Return on equity
-54.10%
Return on assets
-16.06%
Return on invested capital
-64.34%

Financial health

Debt / equity
0.54×
Current ratio
1.14×
Altman Z-score
0.47
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 trends16%-16%-47%-79%Gross margin, FY2021: -54.03%Gross margin, FY2022: -23.37%Gross margin, FY2023: -24.78%Gross margin, FY2024: -11.72%Gross margin, FY2025: 7.69%Operating margin, FY2021: -70.15%Operating margin, FY2022: -44.41%Operating margin, FY2023: -63.33%Operating margin, FY2024: -39.39%Operating margin, FY2025: -11.48%Net margin, FY2021: -70.82%Net margin, FY2022: -45.87%Net margin, FY2023: -59.53%Net margin, FY2024: -39.42%Net margin, FY2025: -8.07%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -54.03%. Gross margin FY2022 -23.37%. Gross margin FY2023 -24.78%. Gross margin FY2024 -11.72%. Gross margin FY2025 7.69%. Operating margin FY2021 -70.15%. Operating margin FY2022 -44.41%. Operating margin FY2023 -63.33%. Operating margin FY2024 -39.39%. Operating margin FY2025 -11.48%. Net margin FY2021 -70.82%. Net margin FY2022 -45.87%. Net margin FY2023 -59.53%. Net margin FY2024 -39.42%. Net margin FY2025 -8.07%.

Income trends

Revenue

124.95M HKD+13.64%

Operating income

−14.35M HKD+66.88%

Net income

−10.09M HKD+76.72%
Income trends across reported periods145.76M HKD62.51M HKD−20.75M HKD−104M HKDRevenue, FY2021: 117.46M HKDRevenue, FY2022: 122.52M HKDRevenue, FY2023: 86.7M HKDRevenue, FY2024: 109.95M HKDRevenue, FY2025: 124.95M HKDOperating income, FY2021: −82.4M HKDOperating income, FY2022: −54.4M HKDOperating income, FY2023: −54.91M HKDOperating income, FY2024: −43.31M HKDOperating income, FY2025: −14.35M HKDNet income, FY2021: −83.19M HKDNet income, FY2022: −56.2M HKDNet income, FY2023: −51.62M HKDNet income, FY2024: −43.34M HKDNet income, FY2025: −10.09M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 117.46M HKD. Revenue FY2022 122.52M HKD. Revenue FY2023 86.7M HKD. Revenue FY2024 109.95M HKD. Revenue FY2025 124.95M HKD. Operating income FY2021 −82.4M HKD. Operating income FY2022 −54.4M HKD. Operating income FY2023 −54.91M HKD. Operating income FY2024 −43.31M HKD. Operating income FY2025 −14.35M HKD. Net income FY2021 −83.19M HKD. Net income FY2022 −56.2M HKD. Net income FY2023 −51.62M HKD. Net income FY2024 −43.34M HKD. Net income FY2025 −10.09M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue124.95M HKD109.95M HKD86.7M HKD122.52M HKD117.46M HKD
Cost of goods sold115.34M HKD122.83M HKD108.19M HKD151.15M HKD180.92M HKD
Gross profit9.61M HKD−12.88M HKD−21.49M HKD−28.63M HKD−63.46M HKD
Selling, general, and administrative23.95M HKD30.43M HKD33.42M HKD7.86M HKD9.5M HKD
Operating expenses23.95M HKD30.43M HKD33.42M HKD25.59M HKD9.48M HKD
Interest income25K HKD16K HKD112K HKD35K HKD1K HKD
Interest expense459K HKD214K HKD336K HKD283K HKD418K HKD
Depreciation and amortization4.45M HKD2.65M HKD2.65M HKD2.24M HKD1.74M HKD
Operating income−14.35M HKD−43.31M HKD−54.91M HKD−54.4M HKD−82.4M HKD
Net income−10.09M HKD−43.34M HKD−51.62M HKD−56.2M HKD−83.19M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.03

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0.02-0.04-0.07-0.09Q4 '22Q1 '23Q2 '23Q3 '23Q1 '24Q2 '24Q3 '24Q1 '25
Q4 2022, reported Dec 31, 2022: actual -0.034, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 27, 2023: actual -0.034, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 30, 2023: actual -0.037, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual -0.037, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 26, 2024: actual -0.046, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 28, 2024: actual -0.041, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual -0.041, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 18, 2025: actual -0.029, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates40.93M33.14M25.36M17.57MQ4 '22Q1 '23Q2 '23Q3 '23Q1 '24Q2 '24Q3 '24Q1 '25
Q4 2022, reported Dec 31, 2022: actual 39.32M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 27, 2023: actual 39.32M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 30, 2023: actual 20.62M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual 20.62M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 26, 2024: actual 22.73M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 28, 2024: actual 19.18M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 29, 2024: actual 19.18M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 18, 2025: actual 35.79M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Aug 15, 2023

1:10

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