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Million Cities Holdings Limited logo

Million Cities Holdings Limited

2892.HK

HKSEReal EstateReal Estate - Development

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Latest quote

HK$0.615

−HK$0.005 · -0.81%

Aug 20, 10:47 AM HKT

2892.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Million Cities Holdings Limited operates as an investment holding enterprise, with its principal activities centered on real estate development and sales within the People's Republic of China. The company's primary focus is on the construction of residential properties, which often incorporate integrated ancillary facilities. Beyond development, it also markets its completed projects, leases out both developed and available properties including retail units and kindergartens, and offers property management services. Established in 2003, the firm is based in Tai Po, Hong Kong, and functions as a subsidiary of Happy Family Trust.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
HK
CEO
Ting Chung Wong
Listed since
Dec 20, 2018
Employees
22

Market position

Day range

Current HK$0.615

52-week range

Current HK$0.615

Open
HK$0.62
Previous close
HK$0.62
Volume
28K
7.36× average
Average volume
3.81K
Average daily volume
Market cap
461.25M HKD
Beta
0.07
Market reference 1
50-day average
HK$0.6884
-10.66% below average
200-day average
HK$0.5076
+21.16% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-20.57×
P/B (TTM)
0.72×
P/S (TTM)
8.24×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-21.67%
Operating margin
-67.70%
Net margin
-39.91%

Financial health

Debt / equity
0×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends64%-1%-65%-130%Gross margin, FY2021: 23.24%Gross margin, FY2022: 48.16%Gross margin, FY2023: -25.64%Gross margin, FY2024: -17.18%Gross margin, FY2025: -0.47%Operating margin, FY2021: 17.32%Operating margin, FY2022: 34.81%Operating margin, FY2023: -40.66%Operating margin, FY2024: -58.08%Operating margin, FY2025: -42.33%Net margin, FY2021: 12.34%Net margin, FY2022: 12.11%Net margin, FY2023: -75.16%Net margin, FY2024: -114.15%Net margin, FY2025: -28.24%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 23.24%. Gross margin FY2022 48.16%. Gross margin FY2023 -25.64%. Gross margin FY2024 -17.18%. Gross margin FY2025 -0.47%. Operating margin FY2021 17.32%. Operating margin FY2022 34.81%. Operating margin FY2023 -40.66%. Operating margin FY2024 -58.08%. Operating margin FY2025 -42.33%. Net margin FY2021 12.34%. Net margin FY2022 12.11%. Net margin FY2023 -75.16%. Net margin FY2024 -114.15%. Net margin FY2025 -28.24%.

Income trends

Revenue

70.82M HKD-28.98%

Operating income

−29.98M HKD+48.24%

Net income

−20M HKD+82.43%
Income trends across reported periods1.53B HKD799.27M HKD66.96M HKD−665.36M HKDRevenue, FY2021: 1.35B HKDRevenue, FY2022: 571.18M HKDRevenue, FY2023: 641.63M HKDRevenue, FY2024: 99.71M HKDRevenue, FY2025: 70.82M HKDOperating income, FY2021: 233.6M HKDOperating income, FY2022: 198.84M HKDOperating income, FY2023: −260.92M HKDOperating income, FY2024: −57.91M HKDOperating income, FY2025: −29.98M HKDNet income, FY2021: 166.38M HKDNet income, FY2022: 69.18M HKDNet income, FY2023: −482.28M HKDNet income, FY2024: −113.82M HKDNet income, FY2025: −20M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.35B HKD. Revenue FY2022 571.18M HKD. Revenue FY2023 641.63M HKD. Revenue FY2024 99.71M HKD. Revenue FY2025 70.82M HKD. Operating income FY2021 233.6M HKD. Operating income FY2022 198.84M HKD. Operating income FY2023 −260.92M HKD. Operating income FY2024 −57.91M HKD. Operating income FY2025 −29.98M HKD. Net income FY2021 166.38M HKD. Net income FY2022 69.18M HKD. Net income FY2023 −482.28M HKD. Net income FY2024 −113.82M HKD. Net income FY2025 −20M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue70.82M HKD99.71M HKD641.63M HKD571.18M HKD1.35B HKD
Cost of goods sold71.15M HKD116.84M HKD806.14M HKD296.09M HKD1.04B HKD
Gross profit−331.2K HKD−17.13M HKD−164.5M HKD275.09M HKD313.38M HKD
Selling, general, and administrative—49.4M HKD106.86M HKD98.39M HKD111.46M HKD
Operating expenses29.65M HKD40.78M HKD96.42M HKD76.25M HKD79.78M HKD
Interest income4.96M HKD11.39M HKD8.7M HKD5.91M HKD4.91M HKD
Interest expense22.4K HKD18K HKD6.36M HKD4.62M HKD21.95M HKD
Depreciation and amortization3.05M HKD2.84M HKD7.22M HKD5.82M HKD7.7M HKD
Operating income−29.98M HKD−57.91M HKD−260.92M HKD198.84M HKD233.6M HKD
Net income−20M HKD−113.82M HKD−482.28M HKD69.18M HKD166.38M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-0.027
FY2025
Latest fiscal-year revenue
70.82M HKD
FY2025 · -28.98% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.31-0.04-0.38-0.73FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend1.48B965.2M454.12M-56.95MFY21FY22FY23FY24FY25

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