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Freetech Road Recycling Technology (Holdings) Limited logo

Freetech Road Recycling Technology (Holdings) Limited

6888.HK

HKSEIndustrialsIndustrial - Infrastructure Operations

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Latest quote

HK$0.112

+HK$0.009 · +8.74%

Aug 21, 3:45 PM HKTData delayed

6888.HK company overview

Historical prices · Market data may be delayed.

Company profile

Company website

Freetech Road Recycling Technology (Holdings) Limited, an investment holding firm established in 1993 and based in Wan Chai, Hong Kong, primarily focuses on the production and distribution of road upkeep equipment across the People's Republic of China. The company's services extend to providing comprehensive road maintenance solutions, notably offering specialized asphalt pavement maintenance (APM) equipment and services for repairing damaged asphalt surfaces, all marketed under its "Road Doctor" brand. Its diversified operations are organized into three key divisions: Maintenance Services, Equipment Sales, and Properties. Additionally, Freetech is also active in the buying, selling, and leasing of real estate.

Industry
Industrial - Infrastructure Operations
Sector
Industrials
Headquarters
HK
CEO
Wai Pan Sze
Listed since
Jun 26, 2013
Employees
283

Market position

52-week range

Current HK$0.112

Open
HK$0.112
Previous close
HK$0.103
Volume
2K
0.03× average
Average volume
65.11K
Average daily volume
Market cap
109.44M HKD
Beta
-0.53
Market reference 1
50-day average
HK$0.116
-3.41% below average
200-day average
HK$0.1345
-16.75% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
75.64M HKD
P/E (TTM)
-2.53×
P/B (TTM)
0.22×
P/S (TTM)
0.82×
EV / EBITDA
-1.7×
Earnings yield
-34.30%
Free cash flow yield
-24.85%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
31.89%
Operating margin
-48.93%
Net margin
-41.72%
Return on equity
-8.34%
Return on assets
-5.87%
Return on invested capital
-8.02%

Financial health

Debt / equity
0.17×
Current ratio
2.56×
Altman Z-score
0.54
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 trends57%19%-19%-57%Gross margin, FY2021: 24.92%Gross margin, FY2022: 20.47%Gross margin, FY2023: 14.90%Gross margin, FY2024: 47.87%Gross margin, FY2025: 31.89%Operating margin, FY2021: 9.27%Operating margin, FY2022: -6.81%Operating margin, FY2023: 1.24%Operating margin, FY2024: 0.86%Operating margin, FY2025: -47.72%Net margin, FY2021: 6.24%Net margin, FY2022: -6.79%Net margin, FY2023: 2.15%Net margin, FY2024: 6.68%Net margin, FY2025: -41.72%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 24.92%. Gross margin FY2022 20.47%. Gross margin FY2023 14.90%. Gross margin FY2024 47.87%. Gross margin FY2025 31.89%. Operating margin FY2021 9.27%. Operating margin FY2022 -6.81%. Operating margin FY2023 1.24%. Operating margin FY2024 0.86%. Operating margin FY2025 -47.72%. Net margin FY2021 6.24%. Net margin FY2022 -6.79%. Net margin FY2023 2.15%. Net margin FY2024 6.68%. Net margin FY2025 -41.72%.

Income trends

Revenue

133.8M HKD-28.81%

Operating income

−63.85M HKD−65.46M HKD

Net income

−55.81M HKD−68.37M HKD
Income trends across reported periods603.8M HKD361.02M HKD118.24M HKD−124.55M HKDRevenue, FY2021: 511.62M HKDRevenue, FY2022: 478.26M HKDRevenue, FY2023: 543.1M HKDRevenue, FY2024: 187.96M HKDRevenue, FY2025: 133.8M HKDOperating income, FY2021: 47.41M HKDOperating income, FY2022: −32.56M HKDOperating income, FY2023: 6.73M HKDOperating income, FY2024: 1.61M HKDOperating income, FY2025: −63.85M HKDNet income, FY2021: 31.95M HKDNet income, FY2022: −32.48M HKDNet income, FY2023: 11.68M HKDNet income, FY2024: 12.56M HKDNet income, FY2025: −55.81M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 511.62M HKD. Revenue FY2022 478.26M HKD. Revenue FY2023 543.1M HKD. Revenue FY2024 187.96M HKD. Revenue FY2025 133.8M HKD. Operating income FY2021 47.41M HKD. Operating income FY2022 −32.56M HKD. Operating income FY2023 6.73M HKD. Operating income FY2024 1.61M HKD. Operating income FY2025 −63.85M HKD. Net income FY2021 31.95M HKD. Net income FY2022 −32.48M HKD. Net income FY2023 11.68M HKD. Net income FY2024 12.56M HKD. Net income FY2025 −55.81M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue133.8M HKD187.96M HKD543.1M HKD478.26M HKD511.62M HKD
Cost of goods sold91.13M HKD97.99M HKD106.98M HKD380.34M HKD384.12M HKD
Gross profit42.67M HKD89.97M HKD80.91M HKD97.92M HKD127.5M HKD
Research and development17.37M HKD14.44M HKD12.29M HKD21.63M HKD21.6M HKD
Selling, general, and administrative89.15M HKD74.81M HKD63.23M HKD108.85M HKD58.5M HKD
Operating expenses106.52M HKD89.24M HKD74.17M HKD130.48M HKD80.1M HKD
Interest income701K HKD1.27M HKD1.4M HKD8.64M HKD8.54M HKD
Interest expense3.34M HKD3.7M HKD3.24M HKD4.44M HKD4.62M HKD
Depreciation and amortization19.29M HKD20.32M HKD23.2M HKD29.14M HKD33M HKD
Operating income−63.85M HKD1.61M HKD6.73M HKD−32.56M HKD47.41M HKD
Net income−55.81M HKD12.56M HKD11.68M HKD−32.48M HKD31.95M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.01

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.070.03-0.02-0.06Q2 '21Q4 '21Q3 '22Q2 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 0.002, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 0.029, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual -0.01, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Apr 1, 2023: actual -0.022, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 0.002, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual 0.009, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual -0.008, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 0.013, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates408.85M281.77M154.69M27.61MQ2 '21Q4 '21Q3 '22Q2 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 130.64M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 380.98M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual 180.9M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Apr 1, 2023: actual 297.36M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 164.04M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual 379.06M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 155.48M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 32.48M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.018

2016 complete year-67.3% since 2014

Corporate action history

Dividend

Ex-dividend Jun 1, 2016

HK$0.018

Annual

Dividend

Ex-dividend Jun 18, 2015

HK$0.015

Monthly

Dividend

Ex-dividend Jun 4, 2015

HK$0.015

Annual

Dividend

Ex-dividend Jun 5, 2014

HK$0.055

Annual

Record Jun 6, 2014 · Payment Jun 25, 2014

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