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Tian Cheng Holdings Limited logo

Tian Cheng Holdings Limited

2110.HK

HKSEIndustrialsEngineering & Construction

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Latest quote

HK$0.065

HK$0.00 · 0.00%

Aug 24, 3:58 PM HKT

2110.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Tian Cheng Holdings Limited primarily operates within the marine construction sector, with a core specialization in land reclamation projects. Complementing these activities, the company also offers vessel chartering services and undertakes a variety of other civil engineering works. Established on May 24, 2018, the firm is headquartered in Hong Kong.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
HK
CEO
Yanling Zheng
Listed since
Dec 7, 2020
Employees
66

Market position

Day range

Current HK$0.065

52-week range

Current HK$0.065

Open
HK$0.057
Previous close
HK$0.065
Volume
410K
0.61× average
Average volume
671.05K
Average daily volume
Market cap
28.08M HKD
Beta
-0.73
Market reference 1
50-day average
HK$0.0875
-25.68% below average
200-day average
HK$0.102
-36.27% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
11.21M HKD
P/E (TTM)
-0.46×
P/B (TTM)
0.65×
P/S (TTM)
0.18×
EV / EBITDA
-0.5×
Earnings yield
-101.40%
Free cash flow yield
-37.62%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-14.64%
Operating margin
-27.92%
Net margin
-27.47%
Return on equity
-79.35%
Return on assets
-42.28%
Return on invested capital
-66.24%

Financial health

Debt / equity
0.07×
Current ratio
1.8×
Altman Z-score
1.1
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends22%-2%-26%-50%Gross margin, FY2020: 16.21%Gross margin, FY2021: 14.23%Gross margin, FY2022: -31.48%Gross margin, FY2023: -14.27%Gross margin, FY2024: -6.74%Operating margin, FY2020: 13.41%Operating margin, FY2021: 8.94%Operating margin, FY2022: -39.50%Operating margin, FY2023: -20.42%Operating margin, FY2024: -16.87%Net margin, FY2020: 10.89%Net margin, FY2021: 7.86%Net margin, FY2022: -43.96%Net margin, FY2023: -19.76%Net margin, FY2024: -17.01%FY2020FY2021FY2022FY2023FY2024
Gross margin FY2020 16.21%. Gross margin FY2021 14.23%. Gross margin FY2022 -31.48%. Gross margin FY2023 -14.27%. Gross margin FY2024 -6.74%. Operating margin FY2020 13.41%. Operating margin FY2021 8.94%. Operating margin FY2022 -39.50%. Operating margin FY2023 -20.42%. Operating margin FY2024 -16.87%. Net margin FY2020 10.89%. Net margin FY2021 7.86%. Net margin FY2022 -43.96%. Net margin FY2023 -19.76%. Net margin FY2024 -17.01%.

Income trends

Revenue

202.79M HKD-9.20%

Operating income

−34.21M HKD+25.01%

Net income

−34.48M HKD+21.87%
Income trends across reported periods388.88M HKD215.82M HKD42.75M HKD−130.32M HKDRevenue, FY2020: 345.62M HKDRevenue, FY2021: 212.29M HKDRevenue, FY2022: 198.03M HKDRevenue, FY2023: 223.33M HKDRevenue, FY2024: 202.79M HKDOperating income, FY2020: 46.34M HKDOperating income, FY2021: 18.98M HKDOperating income, FY2022: −78.22M HKDOperating income, FY2023: −45.61M HKDOperating income, FY2024: −34.21M HKDNet income, FY2020: 37.64M HKDNet income, FY2021: 16.68M HKDNet income, FY2022: −87.05M HKDNet income, FY2023: −44.14M HKDNet income, FY2024: −34.48M HKDFY2020FY2021FY2022FY2023FY2024
Revenue FY2020 345.62M HKD. Revenue FY2021 212.29M HKD. Revenue FY2022 198.03M HKD. Revenue FY2023 223.33M HKD. Revenue FY2024 202.79M HKD. Operating income FY2020 46.34M HKD. Operating income FY2021 18.98M HKD. Operating income FY2022 −78.22M HKD. Operating income FY2023 −45.61M HKD. Operating income FY2024 −34.21M HKD. Net income FY2020 37.64M HKD. Net income FY2021 16.68M HKD. Net income FY2022 −87.05M HKD. Net income FY2023 −44.14M HKD. Net income FY2024 −34.48M HKD.
Metric (HKD)FY2024FY2023FY2022FY2021FY2020
Revenue202.79M HKD223.33M HKD198.03M HKD212.29M HKD345.62M HKD
Cost of goods sold216.46M HKD255.2M HKD260.36M HKD182.07M HKD289.61M HKD
Gross profit−13.67M HKD−31.86M HKD−62.34M HKD30.21M HKD56.01M HKD
Selling, general, and administrative20.53M HKD14.92M HKD15.89M HKD11.24M HKD9.67M HKD
Operating expenses22.02M HKD13.75M HKD15.89M HKD11.24M HKD9.67M HKD
Interest income556K HKD315K HKD994K HKD299K HKD104K HKD
Interest expense175K HKD276K HKD178K HKD63K HKD209K HKD
Depreciation and amortization11.7M HKD14.26M HKD15.61M HKD10.55M HKD7.92M HKD
Operating income−34.21M HKD−45.61M HKD−78.22M HKD18.98M HKD46.34M HKD
Net income−34.48M HKD−44.14M HKD−87.05M HKD16.68M HKD37.64M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-0.12
FY2024
Latest fiscal-year revenue
202.79M HKD
FY2024 · -9.20% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.230-0.22-0.45FY20FY21FY22FY23FY24

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend360.38M301.34M242.3M183.27MFY20FY21FY22FY23FY24

Corporate actions

Corporate action history

Dividend

Ex-dividend Sep 29, 2021

HK$0.0112

Special

Record Sep 30, 2021 · Payment Oct 29, 2021

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