Asia Pioneer Entertainment Holdings Ltd. logo

Asia Pioneer Entertainment Holdings Ltd.

8400.HK

HKSEConsumer CyclicalGambling, Resorts & Casinos

Latest quote

HK$0.074

−HK$0.002 · -2.63%

Aug 24, 2:30 PM HKT

8400.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Asia Pioneer Entertainment Holdings Limited, an investment holding company, engages in the supply of electronic gaming equipment in Macau, Taiwan, the Philippines, Korea, the People’s Republic of China, Malaysia, Cambodia, Hong Kong, and internationally. The company operates through EGE Business and Smart VM Business segments. It procures, distributes, installs, and repairs electronic gaming equipment (EGE) and its spare parts, as well as provides related after-sales services. The company also provides regulatory consultancy; product design and content consultancy, localization consultancy, and on-site consultancy services, as well as technical and support, and repair services. In addition, it offers electronic table games (ETGs), including electronic baccarat table games and electronic gaming machines comprising electronic slot machines. Further, the company operates smart vending machines (VMs); leases smart vending machines; franchises coffee vending machines under the KATFFEE brand; and markets drinks and snacks vending machines under the KatKatMall brand, as well as operates vending machines for consumer products, such as travel necessities and daily consumables, and CHY products. It serves casino operators, manufacturers of electronic gaming equipment, and consumers and travelers. The company was founded in 2005 and is headquartered in Macau.

Industry
Gambling, Resorts & Casinos
Sector
Consumer Cyclical
Headquarters
HK
CEO
Man Ng
Listed since
Nov 15, 2017
Employees
37

Market position

Day range

Current HK$0.074

52-week range

Current HK$0.074

Open
HK$0.075
Previous close
HK$0.076
Volume
350K
0.25× average
Average volume
1.42M
Average daily volume
Market cap
74M HKD
Beta
-0.15
Market reference 1
50-day average
HK$0.0939
-21.18% below average
200-day average
HK$0.0649
+13.95% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
27.99M HKD
P/E (TTM)
8.04×
P/B (TTM)
2.82×
P/S (TTM)
1.12×
EV / EBITDA
3.2×
Earnings yield
16.15%
Free cash flow yield
26.40%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
45.25%
Operating margin
14.24%
Net margin
9.32%
Return on equity
23.39%
Return on assets
17.35%
Return on invested capital
22.01%

Financial health

Debt / equity
0.07×
Current ratio
3.53×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends80%-59%-198%-337%Gross margin, FY2021: 11.14%Gross margin, FY2022: -1.33%Gross margin, FY2023: 36.67%Gross margin, FY2024: 45.19%Gross margin, FY2025: 45.25%Operating margin, FY2021: -275.93%Operating margin, FY2022: -156.85%Operating margin, FY2023: -8.49%Operating margin, FY2024: 5.25%Operating margin, FY2025: 9.39%Net margin, FY2021: -302.31%Net margin, FY2022: -140.27%Net margin, FY2023: -6.51%Net margin, FY2024: 7.41%Net margin, FY2025: 9.32%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 11.14%. Gross margin FY2022 -1.33%. Gross margin FY2023 36.67%. Gross margin FY2024 45.19%. Gross margin FY2025 45.25%. Operating margin FY2021 -275.93%. Operating margin FY2022 -156.85%. Operating margin FY2023 -8.49%. Operating margin FY2024 5.25%. Operating margin FY2025 9.39%. Net margin FY2021 -302.31%. Net margin FY2022 -140.27%. Net margin FY2023 -6.51%. Net margin FY2024 7.41%. Net margin FY2025 9.32%.

Income trends

Revenue

65.84M HKD+29.73%

Operating income

6.18M HKD+132.11%

Net income

6.14M HKD+63.25%
Income trends across reported periods74.73M HKD39.16M HKD3.6M HKD−31.97M HKDRevenue, FY2021: 7.63M HKDRevenue, FY2022: 10.51M HKDRevenue, FY2023: 29.69M HKDRevenue, FY2024: 50.75M HKDRevenue, FY2025: 65.84M HKDOperating income, FY2021: −21.06M HKDOperating income, FY2022: −16.48M HKDOperating income, FY2023: −2.52M HKDOperating income, FY2024: 2.66M HKDOperating income, FY2025: 6.18M HKDNet income, FY2021: −23.08M HKDNet income, FY2022: −14.74M HKDNet income, FY2023: −1.93M HKDNet income, FY2024: 3.76M HKDNet income, FY2025: 6.14M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.63M HKD. Revenue FY2022 10.51M HKD. Revenue FY2023 29.69M HKD. Revenue FY2024 50.75M HKD. Revenue FY2025 65.84M HKD. Operating income FY2021 −21.06M HKD. Operating income FY2022 −16.48M HKD. Operating income FY2023 −2.52M HKD. Operating income FY2024 2.66M HKD. Operating income FY2025 6.18M HKD. Net income FY2021 −23.08M HKD. Net income FY2022 −14.74M HKD. Net income FY2023 −1.93M HKD. Net income FY2024 3.76M HKD. Net income FY2025 6.14M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue65.84M HKD50.75M HKD29.69M HKD10.51M HKD7.63M HKD
Cost of goods sold36.05M HKD27.82M HKD18.8M HKD10.65M HKD6.78M HKD
Gross profit29.79M HKD22.93M HKD10.89M HKD−139.28K HKD850.54K HKD
Research and development78.35K HKD
Selling, general, and administrative22.94M HKD20.27M HKD14.52M HKD16.25M HKD20.53M HKD
Operating expenses23.61M HKD20.27M HKD14.52M HKD15.63M HKD20.61M HKD
Interest income156.43K HKD34.89K HKD40.16K HKD11.86K HKD7.81K HKD
Interest expense137.53K HKD238.67K HKD102.51K HKD91.89K HKD85.62K HKD
Depreciation and amortization2.57M HKD2.64M HKD2.34M HKD1.08M HKD2.35M HKD
Operating income6.18M HKD2.66M HKD−2.52M HKD−16.48M HKD−21.06M HKD
Net income6.14M HKD3.76M HKD−1.93M HKD−14.74M HKD−23.08M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.050.02-0.01-0.04Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q3 '24
Q1 2023, reported Mar 28, 2023: actual -0.001, estimate —, surprise —, Comparison unavailable. Q2 2023, reported May 13, 2023: actual -0.004, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 12, 2023: actual -0.003, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 9, 2023: actual -0, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 0.005, estimate —, surprise —, Comparison unavailable. Q2 2024, reported May 10, 2024: actual -0, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual -0, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 30, 2024: actual 0.002, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates31.93M21.78M11.64M1.5MQ1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q3 '24
Q1 2023, reported Mar 28, 2023: actual 6.49M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported May 13, 2023: actual 1.76M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 12, 2023: actual 5.91M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 9, 2023: actual 29.69M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 22.02M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported May 10, 2024: actual 9.96M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 9.96M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 30, 2024: actual 15.42M HKD, estimate —, surprise —, Comparison unavailable.

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