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Tat Hong Equipment Service Co. Ltd. logo

Tat Hong Equipment Service Co. Ltd.

2153.HK

HKSEIndustrialsEngineering & Construction

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Latest quote

HK$0.77

−HK$0.005 · -0.65%

Aug 24, 11:20 AM HKT

2153.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Tat Hong Equipment Service Co., Ltd. provides tower crane solution services in the People's Republic of China. The company offers consultation, technical design, commissioning, construction, and after-sales services to infrastructure, clean energy, traditional energy, public and factory building, and commercial and residential building. It also engages in the installation, maintenance, leasing, and finance leasing of construction machinery and equipment. Additionally, it manages a fleet of tower cranes. The company was founded in 2007 and is headquartered in Shanghai, China. Tat Hong Equipment Service Co., Ltd. operates as a subsidiary of Tat Hong Equipment (China) Pte. Ltd.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
CN
CEO
Kok San Yau
Listed since
Jan 13, 2021
Employees
682

Market position

Day range

Current HK$0.77

52-week range

Current HK$0.77

Open
HK$0.80
Previous close
HK$0.775
Volume
58K
2.4× average
Average volume
24.17K
Average daily volume
Market cap
898.49M HKD
Beta
0.43
Market reference 1
50-day average
HK$0.8246
-6.62% below average
200-day average
HK$0.9139
-15.75% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.04B CNY
P/E (TTM)
-6.46×
P/B (TTM)
0.65×
P/S (TTM)
1.34×
EV / EBITDA
10.46×
Earnings yield
-12.06%
Free cash flow yield
5.83%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
9.61%
Operating margin
-13.76%
Net margin
-20.71%
Return on equity
-9.90%
Return on assets
-4.05%
Return on invested capital
-2.66%

Financial health

Debt / equity
1.07×
Current ratio
1.08×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends32%13%-6%-26%Gross margin, FY2022: 27.01%Gross margin, FY2023: 22.48%Gross margin, FY2024: 11.84%Gross margin, FY2025: 11.20%Gross margin, FY2026: 9.62%Operating margin, FY2022: 8.08%Operating margin, FY2023: 5.29%Operating margin, FY2024: -6.13%Operating margin, FY2025: -7.12%Operating margin, FY2026: -13.84%Net margin, FY2022: 5.49%Net margin, FY2023: -4.65%Net margin, FY2024: -14.02%Net margin, FY2025: -19.00%Net margin, FY2026: -20.74%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 27.01%. Gross margin FY2023 22.48%. Gross margin FY2024 11.84%. Gross margin FY2025 11.20%. Gross margin FY2026 9.62%. Operating margin FY2022 8.08%. Operating margin FY2023 5.29%. Operating margin FY2024 -6.13%. Operating margin FY2025 -7.12%. Operating margin FY2026 -13.84%. Net margin FY2022 5.49%. Net margin FY2023 -4.65%. Net margin FY2024 -14.02%. Net margin FY2025 -19.00%. Net margin FY2026 -20.74%.

Income trends

Revenue

561.28M CNY-11.55%

Operating income

−77.67M CNY-71.90%

Net income

−116.39M CNY+3.45%
Income trends across reported periods965.78M CNY570.75M CNY175.72M CNY−219.31M CNYRevenue, FY2022: 867.02M CNYRevenue, FY2023: 770.75M CNYRevenue, FY2024: 682.29M CNYRevenue, FY2025: 634.56M CNYRevenue, FY2026: 561.28M CNYOperating income, FY2022: 70.1M CNYOperating income, FY2023: 40.81M CNYOperating income, FY2024: −41.84M CNYOperating income, FY2025: −45.18M CNYOperating income, FY2026: −77.67M CNYNet income, FY2022: 47.64M CNYNet income, FY2023: −35.81M CNYNet income, FY2024: −95.64M CNYNet income, FY2025: −120.55M CNYNet income, FY2026: −116.39M CNYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 867.02M CNY. Revenue FY2023 770.75M CNY. Revenue FY2024 682.29M CNY. Revenue FY2025 634.56M CNY. Revenue FY2026 561.28M CNY. Operating income FY2022 70.1M CNY. Operating income FY2023 40.81M CNY. Operating income FY2024 −41.84M CNY. Operating income FY2025 −45.18M CNY. Operating income FY2026 −77.67M CNY. Net income FY2022 47.64M CNY. Net income FY2023 −35.81M CNY. Net income FY2024 −95.64M CNY. Net income FY2025 −120.55M CNY. Net income FY2026 −116.39M CNY.
Metric (CNY)FY2026FY2025FY2024FY2023FY2022
Revenue561.28M CNY634.56M CNY682.29M CNY770.75M CNY867.02M CNY
Cost of goods sold507.27M CNY563.46M CNY601.53M CNY597.52M CNY632.88M CNY
Gross profit54.02M CNY71.1M CNY80.76M CNY173.23M CNY234.14M CNY
Research and development20.67M CNY15.36M CNY19.39M CNY29.69M CNY25.43M CNY
Selling, general, and administrative111.04M CNY100.73M CNY97M CNY105.44M CNY146.7M CNY
Operating expenses131.69M CNY116.29M CNY122.6M CNY166.06M CNY163.03M CNY
Interest income593.39K CNY934K CNY948K CNY718K CNY861K CNY
Interest expense61.73M CNY60.48M CNY62.51M CNY45.02M CNY26.1M CNY
Depreciation and amortization272.56M CNY277.96M CNY287.65M CNY287.77M CNY268.29M CNY
Operating income−77.67M CNY−45.18M CNY−41.84M CNY40.81M CNY70.1M CNY
Net income−116.39M CNY−120.55M CNY−95.64M CNY−35.81M CNY47.64M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.02

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.060.050.040.02Q2 '19Q2 '20
Q2 2019, reported Jun 30, 2019: actual 0.025, estimate —, surprise —, Comparison unavailable. Q2 2020, reported Jun 30, 2020: actual 0.024, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates213.08M202.55M192.01M181.47MQ2 '19Q2 '20
Q2 2019, reported Jun 30, 2019: actual 189.67M HKD, estimate —, surprise —, Comparison unavailable. Q2 2020, reported Jun 30, 2020: actual 204.89M HKD, estimate —, surprise —, Comparison unavailable.

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