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First Service Holding Limited logo

First Service Holding Limited

2107.HK

HKSEReal EstateReal Estate - Development

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Latest quote

HK$0.40

−HK$0.035 · -8.05%

Aug 24, 11:55 AM HKT

2107.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

First Service Holding Limited specializes in delivering comprehensive property management and environmentally sustainable living solutions, with operations extending across the People's Republic of China and into international territories. The company's business activities are organized into two primary divisions: First Property Management and First Living. Under its property management arm, it furnishes a full spectrum of services, including cleaning, security provisions, landscaping, and maintenance, catering to property developers, current property owners, and residents alike. Its managed portfolio encompasses a wide array of properties, from residential complexes to various non-residential establishments like office buildings, governmental facilities, hotels, and retail centers. Furthermore, the company provides green living solutions, which feature energy system operations, expert advice on green technologies, system installation services, and the distribution of AIRDINO products. First Service Holding also extends a range of value-added services to different client segments. For individuals not yet owning property, these encompass sales assistance and preliminary planning and design consultation, including on-site design reviews, construction phase inspections, sales guidance, and pre-delivery assessments. For property owners and residents, community-centric value-added offerings are available, such as parking space administration, communal area rentals, and various home living support services. Founded in 1999, First Service Holding Limited maintains its corporate headquarters in Beijing, PRC.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
CN
CEO
Peiqing Liu
Listed since
Oct 22, 2020
Employees
3,782

Market position

Day range

Current HK$0.40

52-week range

Current HK$0.40

Open
HK$0.42
Previous close
HK$0.435
Volume
662.5K
0.56× average
Average volume
1.18M
Average daily volume
Market cap
486.17M HKD
Beta
0.57
Market reference 1
50-day average
HK$0.3309
+20.88% above average
200-day average
HK$0.2368
+68.92% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
-285.75M CNY
P/E (TTM)
-5.43×
P/B (TTM)
0.6×
P/S (TTM)
0.31×
EV / EBITDA
-4.89×
Earnings yield
-31.09%
Free cash flow yield
4.97%
Dividend yield
8.50%

Profitability & efficiency

Gross margin
21.57%
Operating margin
3.58%
Net margin
-3.91%
Return on equity
-9.75%
Return on assets
-3.32%
Return on invested capital
7.91%

Financial health

Debt / equity
0.01×
Current ratio
1.33×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends33%20%6%-7%Gross margin, FY2021: 29.95%Gross margin, FY2022: 23.25%Gross margin, FY2023: 25.16%Gross margin, FY2024: 23.34%Gross margin, FY2025: 21.57%Operating margin, FY2021: 1.56%Operating margin, FY2022: 3.20%Operating margin, FY2023: 7.02%Operating margin, FY2024: -2.41%Operating margin, FY2025: 3.58%Net margin, FY2021: 3.17%Net margin, FY2022: 3.68%Net margin, FY2023: 4.72%Net margin, FY2024: -0.91%Net margin, FY2025: -3.91%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 29.95%. Gross margin FY2022 23.25%. Gross margin FY2023 25.16%. Gross margin FY2024 23.34%. Gross margin FY2025 21.57%. Operating margin FY2021 1.56%. Operating margin FY2022 3.20%. Operating margin FY2023 7.02%. Operating margin FY2024 -2.41%. Operating margin FY2025 3.58%. Net margin FY2021 3.17%. Net margin FY2022 3.68%. Net margin FY2023 4.72%. Net margin FY2024 -0.91%. Net margin FY2025 -3.91%.

Income trends

Revenue

1.34B CNY+1.07%

Operating income

48M CNY+80.01M CNY

Net income

−52.41M CNY-334.11%
Income trends across reported periods1.48B CNY923.1M CNY365.67M CNY−191.76M CNYRevenue, FY2021: 1.12B CNYRevenue, FY2022: 1.12B CNYRevenue, FY2023: 1.21B CNYRevenue, FY2024: 1.33B CNYRevenue, FY2025: 1.34B CNYOperating income, FY2021: 17.49M CNYOperating income, FY2022: 35.91M CNYOperating income, FY2023: 85.02M CNYOperating income, FY2024: −32.02M CNYOperating income, FY2025: 48M CNYNet income, FY2021: 35.47M CNYNet income, FY2022: 41.34M CNYNet income, FY2023: 57.13M CNYNet income, FY2024: −12.07M CNYNet income, FY2025: −52.41M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.12B CNY. Revenue FY2022 1.12B CNY. Revenue FY2023 1.21B CNY. Revenue FY2024 1.33B CNY. Revenue FY2025 1.34B CNY. Operating income FY2021 17.49M CNY. Operating income FY2022 35.91M CNY. Operating income FY2023 85.02M CNY. Operating income FY2024 −32.02M CNY. Operating income FY2025 48M CNY. Net income FY2021 35.47M CNY. Net income FY2022 41.34M CNY. Net income FY2023 57.13M CNY. Net income FY2024 −12.07M CNY. Net income FY2025 −52.41M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.34B CNY1.33B CNY1.21B CNY1.12B CNY1.12B CNY
Cost of goods sold1.05B CNY1.02B CNY906.25M CNY861.38M CNY784.51M CNY
Gross profit289.25M CNY309.68M CNY304.66M CNY260.89M CNY335.36M CNY
Selling, general, and administrative176.82M CNY193.51M CNY192.91M CNY184.03M CNY204.74M CNY
Operating expenses241.25M CNY341.7M CNY219.64M CNY224.98M CNY317.88M CNY
Interest income3.64M CNY6.2M CNY6.4M CNY4.66M CNY4.53M CNY
Interest expense150K CNY149K CNY161K CNY991K CNY459K CNY
Depreciation and amortization10.47M CNY8.61M CNY9.44M CNY8.52M CNY7.69M CNY
Operating income48M CNY−32.02M CNY85.02M CNY35.91M CNY17.49M CNY
Net income−52.41M CNY−12.07M CNY57.13M CNY41.34M CNY35.47M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-0.063
FY2025
Latest fiscal-year revenue
1.34B CNY
FY2025 · +1.07% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.070.02-0.03-0.07FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend1.36B1.27B1.19B1.1BFY21FY22FY23FY24FY25

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