Top Spring International Holdings Limited
3688.HKHKSEReal EstateReal Estate - Development
Latest quote
HK$0.23
+HK$0.003 · +1.32%
3688.HK company overview
Regular session · HKT · Market data may be delayed.
Company profile
Company websiteTop Spring International Holdings Limited operates as an investment holding company, primarily focusing on real estate development within the People's Republic of China. Its diverse operations are categorized into four main segments: property development, real estate investment, property management and associated services, and education-related services. The company specializes in creating and managing urban mixed-use communities, alongside constructing and selling residential properties across key economic zones in China, including the Greater Bay Area, the Yangtze River Delta, Central China, the Beijing-Tianjin area, and the Chengdu-Chongqing region. Beyond development, Top Spring generates revenue through leasing various assets such as shopping centers, clubhouses, serviced apartments, and parking facilities. It also offers comprehensive property management and related services, including decoration, to its property owners and tenants. Furthermore, the company provides educational services and products to students, in addition to offering investment management expertise. As of December 31, 2021, Top Spring's portfolio encompassed 22 property projects at different stages of development, situated in approximately 11 cities. These locations include prominent Chinese hubs like Shenzhen, Dongguan, Shanghai, Nanjing, Chengdu, Hangzhou, Tianjin, Changzhou, and Kunming, as well as Hong Kong and Sydney, Australia, collectively covering a total net saleable or leasable gross floor area of roughly 335,519 square meters. Established in 2001, the company was initially known as Top Spring Holdings Limited before adopting its current name in September 2009. Its corporate headquarters are located in Wan Chai, Hong Kong.
- Industry
- Real Estate - Development
- Sector
- Real Estate
- Headquarters
- HK
- CEO
- Chun Hong Wong
- Listed since
- Mar 23, 2011
- Employees
- 713
Market position
Day range
Current HK$0.23
52-week range
Current HK$0.23
- Open
- HK$0.227
- Previous close
- HK$0.227
- Volume
- 41K
- 1.17× average
- Average volume
- 34.89K
- Average daily volume
- Market cap
- 324.93M HKD
- Beta
- 0.23
- Market reference 1
- 50-day average
- HK$0.2579
- -10.83% below average
- 200-day average
- HK$0.3187
- -27.82% below average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 5.16B HKD
- EV / EBITDA
- -4.4×
- Earnings yield
- -506.64%
- Free cash flow yield
- -13.98%
Profitability & efficiency
- Return on equity
- -88.11%
- Return on assets
- -25.97%
- Return on invested capital
- -10.32%
Financial health
- Current ratio
- 0.76×
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (HKD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 1.44B HKD | 1.37B HKD | 954.32M HKD | 3.67B HKD | 638.96M HKD |
| Cost of goods sold | 2.05B HKD | 1.49B HKD | 1.21B HKD | 3.07B HKD | 318.79M HKD |
| Gross profit | −610.04M HKD | −116.77M HKD | −253.78M HKD | 594.23M HKD | 320.17M HKD |
| Selling, general, and administrative | 555.38M HKD | 453.34M HKD | 253.34M HKD | 413.53M HKD | 415.6M HKD |
| Operating expenses | 544.29M HKD | 1.72B HKD | 205.09M HKD | 305.47M HKD | −171.36M HKD |
| Interest income | 37.31M HKD | 74.84M HKD | 85.61M HKD | 114.7M HKD | 138.64M HKD |
| Interest expense | 174.98M HKD | 280.59M HKD | 304.21M HKD | 297.94M HKD | 283.7M HKD |
| Depreciation and amortization | 7.68M HKD | 7.88M HKD | 19.5M HKD | 24.56M HKD | 34.88M HKD |
| Operating income | −1.15B HKD | −1.84B HKD | −458.86M HKD | 288.76M HKD | 491.53M HKD |
| Net income | −2.91B HKD | −1.83B HKD | −876.89M HKD | −185.1M HKD | 33.43M HKD |
Company facts updated Aug 24, 2026.
Earnings
- Latest EPS result
- -0.24
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Corporate actions
Corporate action history
| Action | Effective date | Details | Record date | Payment date |
|---|---|---|---|---|
Stock split | May 20, 2013 | 7:5 | — | — |
Effective May 20, 2013
7:5
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