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Asiaray Media Group Limited logo

Asiaray Media Group Limited

1993.HK

HKSECommunication ServicesAdvertising Agencies

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Latest quote

HK$0.45

−HK$0.02 · -4.26%

Aug 24, 3:10 PM HKT

1993.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Asiaray Media Group Limited functions as an investment holding company, serving as a leading out-of-home (OOH) media provider throughout Mainland China, Hong Kong, Macau, and Southeast Asia. Its operations are segmented into Airports Business, Metro and Billboards Business, and Bus and Other Business. The company actively develops and manages various OOH advertising platforms, including displays situated in airports, along metro lines, on billboards, and integrated into building solutions. Furthermore, it offers advertising placements on bus exteriors and interiors, within bus shelters, and through other media channels. Beyond its media offerings, Asiaray provides design, consultancy, construction, and maintenance services, along with advertising production, installation, and dismantling. It also holds investments in properties. Founded in 1993, the company is headquartered in Quarry Bay, Hong Kong, and is a subsidiary of Media Cornerstone Limited.

Industry
Advertising Agencies
Sector
Communication Services
Headquarters
HK
CEO
Tak Hing Lam
Listed since
Jan 15, 2015
Employees
473

Market position

Day range

Current HK$0.45

52-week range

Current HK$0.45

Open
HK$0.43
Previous close
HK$0.47
Volume
17.5K
0.87× average
Average volume
20.19K
Average daily volume
Market cap
215.17M HKD
Beta
-0.05
Market reference 1
50-day average
HK$0.535
-15.89% below average
200-day average
HK$0.5946
-24.32% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.17B CNY
P/E (TTM)
120.56×
P/B (TTM)
-1.13×
P/S (TTM)
0.2×
EV / EBITDA
3.59×
Earnings yield
5.22%
Free cash flow yield
164.79%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
32.85%
Operating margin
5.91%
Net margin
1.44%
Return on equity
-7.84%
Return on assets
0.80%
Return on invested capital
2.61%

Financial health

Debt / equity
-6.8×
Current ratio
0.74×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends37%21%4%-12%Gross margin, FY2021: 18.40%Gross margin, FY2022: 16.28%Gross margin, FY2023: 21.87%Gross margin, FY2024: 28.69%Gross margin, FY2025: 32.80%Operating margin, FY2021: 5.61%Operating margin, FY2022: 6.33%Operating margin, FY2023: 7.97%Operating margin, FY2024: 15.27%Operating margin, FY2025: 5.96%Net margin, FY2021: -7.71%Net margin, FY2022: -6.81%Net margin, FY2023: -1.22%Net margin, FY2024: -4.85%Net margin, FY2025: 1.45%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 18.40%. Gross margin FY2022 16.28%. Gross margin FY2023 21.87%. Gross margin FY2024 28.69%. Gross margin FY2025 32.80%. Operating margin FY2021 5.61%. Operating margin FY2022 6.33%. Operating margin FY2023 7.97%. Operating margin FY2024 15.27%. Operating margin FY2025 5.96%. Net margin FY2021 -7.71%. Net margin FY2022 -6.81%. Net margin FY2023 -1.22%. Net margin FY2024 -4.85%. Net margin FY2025 1.45%.

Income trends

Revenue

892.42M CNY-16.48%

Operating income

53.19M CNY-67.39%

Net income

12.96M CNY+64.75M CNY
Income trends across reported periods2.53B CNY1.55B CNY562.14M CNY−422.4M CNYRevenue, FY2021: 2.29B CNYRevenue, FY2022: 1.87B CNYRevenue, FY2023: 1.61B CNYRevenue, FY2024: 1.07B CNYRevenue, FY2025: 892.42M CNYOperating income, FY2021: 128.2M CNYOperating income, FY2022: 118.37M CNYOperating income, FY2023: 128.16M CNYOperating income, FY2024: 163.12M CNYOperating income, FY2025: 53.19M CNYNet income, FY2021: −176.26M CNYNet income, FY2022: −127.5M CNYNet income, FY2023: −19.7M CNYNet income, FY2024: −51.79M CNYNet income, FY2025: 12.96M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.29B CNY. Revenue FY2022 1.87B CNY. Revenue FY2023 1.61B CNY. Revenue FY2024 1.07B CNY. Revenue FY2025 892.42M CNY. Operating income FY2021 128.2M CNY. Operating income FY2022 118.37M CNY. Operating income FY2023 128.16M CNY. Operating income FY2024 163.12M CNY. Operating income FY2025 53.19M CNY. Net income FY2021 −176.26M CNY. Net income FY2022 −127.5M CNY. Net income FY2023 −19.7M CNY. Net income FY2024 −51.79M CNY. Net income FY2025 12.96M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue892.42M CNY1.07B CNY1.61B CNY1.87B CNY2.29B CNY
Cost of goods sold599.74M CNY762.04M CNY1.26B CNY1.57B CNY1.86B CNY
Gross profit292.68M CNY306.52M CNY351.86M CNY304.62M CNY420.37M CNY
Selling, general, and administrative221.89M CNY306.57M CNY315.6M CNY367.98M CNY401.53M CNY
Operating expenses239.49M CNY143.4M CNY223.69M CNY186.25M CNY377.29M CNY
Interest income1.49M CNY3.13M CNY4.08M CNY2.2M CNY2.74M CNY
Interest expense44.73M CNY76.03M CNY131.51M CNY208.43M CNY297.49M CNY
Depreciation and amortization273.24M CNY41.74M CNY791.6M CNY49.74M CNY1.15B CNY
Operating income53.19M CNY163.12M CNY128.16M CNY118.37M CNY128.2M CNY
Net income12.96M CNY−51.79M CNY−19.7M CNY−127.5M CNY−176.26M CNY

Company facts updated Aug 24, 2026.

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