Hing Ming Holdings Limited logo

Hing Ming Holdings Limited

8425.HK

HKSEIndustrialsRental & Leasing Services

Latest quote

HK$0.096

+HK$0.004 · +4.35%

Aug 24, 11:36 AM HKTData delayed

8425.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Hing Ming Holdings Limited specializes in the rental of industrial equipment, primarily offering temporary suspended working platforms. Their equipment roster also includes heavier machinery like tower cranes and power generators. Beyond rentals, the company trades in various new and spare parts, such as permanent suspended working platforms, motors, and wire ropes. They further enhance their service portfolio by providing expert project management and construction consulting. The company serves a diverse clientele, including building contractors, commercial property owners, and trading firms, with operations extending across Hong Kong, Thailand, Macau, Singapore, and international markets. Established in 1997 and headquartered in Kowloon City, Hong Kong, Hing Ming Holdings functions as a subsidiary of Hing Gut Limited.

Industry
Rental & Leasing Services
Sector
Industrials
Headquarters
HK
CEO
Ming Hei Tang
Listed since
Mar 16, 2017
Employees
33

Market position

52-week range

Current HK$0.096

Open
HK$0.096
Previous close
HK$0.092
Volume
92K
0.42× average
Average volume
218.83K
Average daily volume
Market cap
36.1M HKD
Beta
-0.33
Market reference 1
50-day average
HK$0.086
+11.58% above average
200-day average
HK$0.0877
+9.53% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
67.73M HKD
P/E (TTM)
-2.77×
P/B (TTM)
0.38×
P/S (TTM)
0.18×
EV / EBITDA
2.01×
Earnings yield
10.38%
Free cash flow yield
53.60%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
27.31%
Operating margin
6.16%
Net margin
-6.45%
Return on equity
3.31%
Return on assets
1.82%
Return on invested capital
5.65%

Financial health

Debt / equity
0.53×
Current ratio
1.08×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends33%12%-8%-28%Gross margin, FY2021: 24.99%Gross margin, FY2022: 26.04%Gross margin, FY2023: 22.18%Gross margin, FY2024: 21.61%Gross margin, FY2025: 27.51%Operating margin, FY2021: -1.02%Operating margin, FY2022: 6.07%Operating margin, FY2023: 1.75%Operating margin, FY2024: -21.66%Operating margin, FY2025: 8.47%Net margin, FY2021: -4.02%Net margin, FY2022: 2.41%Net margin, FY2023: -0.53%Net margin, FY2024: -23.29%Net margin, FY2025: 2.91%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 24.99%. Gross margin FY2022 26.04%. Gross margin FY2023 22.18%. Gross margin FY2024 21.61%. Gross margin FY2025 27.51%. Operating margin FY2021 -1.02%. Operating margin FY2022 6.07%. Operating margin FY2023 1.75%. Operating margin FY2024 -21.66%. Operating margin FY2025 8.47%. Net margin FY2021 -4.02%. Net margin FY2022 2.41%. Net margin FY2023 -0.53%. Net margin FY2024 -23.29%. Net margin FY2025 2.91%.

Income trends

Revenue

108.49M HKD+2.29%

Operating income

9.19M HKD+32.17M HKD

Net income

3.16M HKD+27.86M HKD
Income trends across reported periods121.81M HKD68.53M HKD15.26M HKD−38.02M HKDRevenue, FY2021: 75.44M HKDRevenue, FY2022: 98.24M HKDRevenue, FY2023: 107.81M HKDRevenue, FY2024: 106.06M HKDRevenue, FY2025: 108.49M HKDOperating income, FY2021: −769K HKDOperating income, FY2022: 5.96M HKDOperating income, FY2023: 1.89M HKDOperating income, FY2024: −22.97M HKDOperating income, FY2025: 9.19M HKDNet income, FY2021: −3.04M HKDNet income, FY2022: 2.37M HKDNet income, FY2023: −568K HKDNet income, FY2024: −24.7M HKDNet income, FY2025: 3.16M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 75.44M HKD. Revenue FY2022 98.24M HKD. Revenue FY2023 107.81M HKD. Revenue FY2024 106.06M HKD. Revenue FY2025 108.49M HKD. Operating income FY2021 −769K HKD. Operating income FY2022 5.96M HKD. Operating income FY2023 1.89M HKD. Operating income FY2024 −22.97M HKD. Operating income FY2025 9.19M HKD. Net income FY2021 −3.04M HKD. Net income FY2022 2.37M HKD. Net income FY2023 −568K HKD. Net income FY2024 −24.7M HKD. Net income FY2025 3.16M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue108.49M HKD106.06M HKD107.81M HKD98.24M HKD75.44M HKD
Cost of goods sold78.64M HKD83.14M HKD83.9M HKD72.66M HKD56.59M HKD
Gross profit29.85M HKD22.92M HKD23.92M HKD25.58M HKD18.85M HKD
Selling, general, and administrative20.66M HKD31.49M HKD24.58M HKD20.59M HKD16.59M HKD
Operating expenses20.66M HKD45.9M HKD22.03M HKD19.61M HKD19.62M HKD
Interest income19K HKD78K HKD39K HKD18K HKD12K HKD
Interest expense3.44M HKD1.91M HKD1.46M HKD1.66M HKD1M HKD
Depreciation and amortization24.46M HKD23.37M HKD20.55M HKD19.86M HKD16.11M HKD
Operating income9.19M HKD−22.97M HKD1.89M HKD5.96M HKD−769K HKD
Net income3.16M HKD−24.7M HKD−568K HKD2.37M HKD−3.04M 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 estimates0.050-0.04-0.08Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q1 '25Q3 '25
Q4 2023, reported Nov 7, 2023: actual 0, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Feb 9, 2024: actual -0.006, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 21, 2024: actual -0.011, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual -0.011, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 21, 2024: actual -0.011, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 7, 2025: actual -0.022, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual -0.044, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 0.007, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates68.89M51.7M34.51M17.33MQ4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q1 '25Q3 '25
Q4 2023, reported Nov 7, 2023: actual 21.27M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Feb 9, 2024: actual 27.17M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 21, 2024: actual 54.34M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 20.38M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 21, 2024: actual 20.38M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 7, 2025: actual 32.65M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 65.3M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 52.59M HKD, estimate —, surprise —, Comparison unavailable.

8425.HK peers

Continue in GoAI

Research 8425.HK

research.disclaimer