GoAI
Get started
Rykadan Capital Limited logo

Rykadan Capital Limited

2288.HK

HKSEReal EstateReal Estate - Development

Open in GoAI

Latest quote

HK$0.126

+HK$0.01 · +8.62%

Aug 21, 1:55 PM HKT

2288.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Established in 1986 and headquartered in Kwun Tong, Hong Kong, Rykadan Capital Limited functions as an investment holding company. The firm's core activities include real estate development and strategic property investments spanning Hong Kong, mainland China, the United States, and the United Kingdom. Its business is structured into several divisions: property development; property investment, encompassing the acquisition and leasing of residential, commercial, and industrial properties; and asset, investment, and fund management services. Additionally, Rykadan Capital is involved in the distribution of construction and interior decorative materials, such as engineered stone composite products made from quartz and marble. The company also extends its services to include financing solutions, alongside project, property, and corporate management. Rykadan Capital Limited adopted its current name in September 2012, having formerly operated as Sundart International Holdings Limited.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
HK
CEO
William Chan
Listed since
Aug 21, 2009
Employees
19

Market position

52-week range

Current HK$0.126

Open
HK$0.126
Previous close
HK$0.116
Volume
3K
0.09× average
Average volume
32.98K
Average daily volume
Market cap
47.31M HKD
Beta
-0.42
Market reference 1
50-day average
HK$0.1321
-4.63% below average
200-day average
HK$0.149
-15.43% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
153.86M HKD
P/E (TTM)
-0.26×
P/B (TTM)
0.11×
P/S (TTM)
0.92×
EV / EBITDA
-1.14×
Earnings yield
-256.73%
Free cash flow yield
-242.32%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-171.78%
Operating margin
-263.50%
Net margin
-279.45%
Return on equity
-32.72%
Return on assets
-24.20%
Return on invested capital
-23.90%

Financial health

Debt / equity
0.3×
Current ratio
3.66×
Altman Z-score
0.31
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 trends52%-104%-261%-417%Gross margin, FY2021: 12.81%Gross margin, FY2022: 2.91%Gross margin, FY2023: -26.15%Gross margin, FY2024: 11.10%Gross margin, FY2025: -171.78%Operating margin, FY2021: -17.13%Operating margin, FY2022: -37.56%Operating margin, FY2023: -69.93%Operating margin, FY2024: -57.91%Operating margin, FY2025: -266.31%Net margin, FY2021: -40.11%Net margin, FY2022: -215.89%Net margin, FY2023: -166.58%Net margin, FY2024: -377.91%Net margin, FY2025: -279.45%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 12.81%. Gross margin FY2022 2.91%. Gross margin FY2023 -26.15%. Gross margin FY2024 11.10%. Gross margin FY2025 -171.78%. Operating margin FY2021 -17.13%. Operating margin FY2022 -37.56%. Operating margin FY2023 -69.93%. Operating margin FY2024 -57.91%. Operating margin FY2025 -266.31%. Net margin FY2021 -40.11%. Net margin FY2022 -215.89%. Net margin FY2023 -166.58%. Net margin FY2024 -377.91%. Net margin FY2025 -279.45%.

Income trends

Revenue

51.39M HKD-30.97%

Operating income

−136.86M HKD-217.46%

Net income

−143.62M HKD+48.96%
Income trends across reported periods142.96M HKD−11.34M HKD−165.63M HKD−319.93M HKDRevenue, FY2021: 86.94M HKDRevenue, FY2022: 87.7M HKDRevenue, FY2023: 104.39M HKDRevenue, FY2024: 74.45M HKDRevenue, FY2025: 51.39M HKDOperating income, FY2021: −14.89M HKDOperating income, FY2022: −32.94M HKDOperating income, FY2023: −73M HKDOperating income, FY2024: −43.11M HKDOperating income, FY2025: −136.86M HKDNet income, FY2021: −34.87M HKDNet income, FY2022: −189.33M HKDNet income, FY2023: −173.89M HKDNet income, FY2024: −281.36M HKDNet income, FY2025: −143.62M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 86.94M HKD. Revenue FY2022 87.7M HKD. Revenue FY2023 104.39M HKD. Revenue FY2024 74.45M HKD. Revenue FY2025 51.39M HKD. Operating income FY2021 −14.89M HKD. Operating income FY2022 −32.94M HKD. Operating income FY2023 −73M HKD. Operating income FY2024 −43.11M HKD. Operating income FY2025 −136.86M HKD. Net income FY2021 −34.87M HKD. Net income FY2022 −189.33M HKD. Net income FY2023 −173.89M HKD. Net income FY2024 −281.36M HKD. Net income FY2025 −143.62M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue51.39M HKD74.45M HKD104.39M HKD87.7M HKD86.94M HKD
Cost of goods sold139.67M HKD66.19M HKD131.69M HKD85.14M HKD75.81M HKD
Gross profit−88.28M HKD8.26M HKD−27.3M HKD2.55M HKD11.13M HKD
Selling, general, and administrative48.58M HKD42.4M HKD48.54M HKD35.49M HKD26.03M HKD
Operating expenses48.58M HKD51.38M HKD45.7M HKD35.49M HKD26.03M HKD
Interest income14K HKD3.16M HKD5.41M HKD1.62M HKD583K HKD
Interest expense2.9M HKD9.8M HKD15.71M HKD12.74M HKD5.33M HKD
Depreciation and amortization1.74M HKD2.37M HKD2.18M HKD1.64M HKD1.68M HKD
Operating income−136.86M HKD−43.11M HKD−73M HKD−32.94M HKD−14.89M HKD
Net income−143.62M HKD−281.36M HKD−173.89M HKD−189.33M HKD−34.87M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.24

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.06-0.1-0.25-0.41Q1 '21Q3 '21Q1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24
Q1 2021, reported Mar 31, 2021: actual -0.077, estimate —, surprise —, Comparison unavailable. Q3 2021, reported Sep 30, 2021: actual 0.018, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual -0.11, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 30, 2022: actual -0.135, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 28, 2023: actual -0.37, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 30, 2023: actual -0.156, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 27, 2024: actual -0.307, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 27, 2024: actual -0.236, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates106.48M72.38M38.28M4.17MQ1 '21Q3 '21Q1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24
Q1 2021, reported Mar 31, 2021: actual 16.32M HKD, estimate —, surprise —, Comparison unavailable. Q3 2021, reported Sep 30, 2021: actual 73.83M HKD, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual 13.11M HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 30, 2022: actual 82.79M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 28, 2023: actual 4.91M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 30, 2023: actual 5.43M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 27, 2024: actual 98.96M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 27, 2024: actual 73.82M HKD, estimate —, surprise —, Comparison unavailable.

2288.HK peers

Sun Hung Kai Properties Limited logo

0016.HK

Sun Hung Kai Properties Limited

HK$126.5

-1.33%

China Resources Land Limited logo

1109.HK

China Resources Land Limited

HK$33.92

-4.13%

CK Asset Holdings Limited logo

1113.HK

CK Asset Holdings Limited

HK$47.08

-0.51%

China Overseas Land & Investment Ltd. logo

0688.HK

China Overseas Land & Investment Ltd.

HK$13.76

-2.41%

KE Holdings Inc. logo

2423.HK

KE Holdings Inc.

HK$47.14

+3.88%

Swire Properties Limited logo

1972.HK

Swire Properties Limited

HK$25.34

-0.24%

Continue in GoAI

Research 2288.HK

research.disclaimer