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Top Standard Corporation

8510.HK

HKSEConsumer CyclicalRestaurants

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Latest quote

HK$0.155

+HK$0.001 · +0.65%

Aug 24, 2:35 PM HKT

8510.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Top Standard Corporation, an investment holding company, operates restaurants and bars in Hong Kong and South-east Asia. The company operates through two segments, Catering Service and Online Sale of Wines. It is involved in the operation of restaurants under the Sushi MEW, Sushi Qubey, Aori Ramen, and Miss J brand; and sells wines online under the MOW brand. Top Standard Corporation was founded in 2008 and is headquartered in Kowloon City, Hong Kong.

Industry
Restaurants
Sector
Consumer Cyclical
Headquarters
HK
CEO
Stanley Chuk
Listed since
Feb 13, 2018
Employees
52

Market position

52-week range

Current HK$0.155

Open
HK$0.155
Previous close
HK$0.154
Volume
220K
3.93× average
Average volume
56.04K
Average daily volume
Market cap
37.03M HKD
Beta
0.67
Market reference 1
50-day average
HK$0.1908
-18.75% below average
200-day average
HK$0.1729
-10.37% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
43.12M HKD
P/E (TTM)
-25.41×
P/B (TTM)
-2.95×
P/S (TTM)
1.5×
EV / EBITDA
-140.93×
Earnings yield
-2.88%
Free cash flow yield
1.21%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
21.40%
Operating margin
8.45%
Net margin
-5.00%
Return on equity
9.38%
Return on assets
-9.56%
Return on invested capital
8.41%

Financial health

Debt / equity
-0.91×
Current ratio
0.38×
Altman Z-score
-16.4
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends82%18%-46%-110%Gross margin, FY2021: 30.75%Gross margin, FY2022: 9.16%Gross margin, FY2023: -19.28%Gross margin, FY2024: 2.23%Gross margin, FY2025: 23.65%Operating margin, FY2021: -57.97%Operating margin, FY2022: -62.44%Operating margin, FY2023: -94.40%Operating margin, FY2024: -42.15%Operating margin, FY2025: -3.89%Net margin, FY2021: -46.97%Net margin, FY2022: -60.14%Net margin, FY2023: 66.24%Net margin, FY2024: -68.41%Net margin, FY2025: -5.11%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 30.75%. Gross margin FY2022 9.16%. Gross margin FY2023 -19.28%. Gross margin FY2024 2.23%. Gross margin FY2025 23.65%. Operating margin FY2021 -57.97%. Operating margin FY2022 -62.44%. Operating margin FY2023 -94.40%. Operating margin FY2024 -42.15%. Operating margin FY2025 -3.89%. Net margin FY2021 -46.97%. Net margin FY2022 -60.14%. Net margin FY2023 66.24%. Net margin FY2024 -68.41%. Net margin FY2025 -5.11%.

Income trends

Revenue

19.71M HKD+37.57%

Operating income

−766K HKD+87.32%

Net income

−1.01M HKD+89.73%
Income trends across reported periods22.66M HKD10.86M HKD−948.3K HKD−12.75M HKDRevenue, FY2021: 6.65M HKDRevenue, FY2022: 12.48M HKDRevenue, FY2023: 9.07M HKDRevenue, FY2024: 14.33M HKDRevenue, FY2025: 19.71M HKDOperating income, FY2021: −3.85M HKDOperating income, FY2022: −7.79M HKDOperating income, FY2023: −8.56M HKDOperating income, FY2024: −6.04M HKDOperating income, FY2025: −766K HKDNet income, FY2021: −3.12M HKDNet income, FY2022: −7.51M HKDNet income, FY2023: 6.01M HKDNet income, FY2024: −9.8M HKDNet income, FY2025: −1.01M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 6.65M HKD. Revenue FY2022 12.48M HKD. Revenue FY2023 9.07M HKD. Revenue FY2024 14.33M HKD. Revenue FY2025 19.71M HKD. Operating income FY2021 −3.85M HKD. Operating income FY2022 −7.79M HKD. Operating income FY2023 −8.56M HKD. Operating income FY2024 −6.04M HKD. Operating income FY2025 −766K HKD. Net income FY2021 −3.12M HKD. Net income FY2022 −7.51M HKD. Net income FY2023 6.01M HKD. Net income FY2024 −9.8M HKD. Net income FY2025 −1.01M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue19.71M HKD14.33M HKD9.07M HKD12.48M HKD6.65M HKD
Cost of goods sold15.05M HKD14.01M HKD10.82M HKD9.54M HKD4.6M HKD
Gross profit4.66M HKD320K HKD−1.75M HKD1.14M HKD2.04M HKD
Selling, general, and administrative5.43M HKD6.36M HKD6.82M HKD176K HKD87K HKD
Operating expenses5.43M HKD6.91M HKD6.82M HKD2.3M HKD3.25M HKD
Interest income——92K HKD90K HKD17K HKD
Interest expense878K HKD1.06M HKD626K HKD623K HKD94K HKD
Depreciation and amortization460K HKD3.38M HKD3.07M HKD1.79M HKD475K HKD
Operating income−766K HKD−6.04M HKD−8.56M HKD−7.79M HKD−3.85M HKD
Net income−1.01M HKD−9.8M HKD6.01M HKD−7.51M HKD−3.12M 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 estimates-0-0.02-0.04-0.07Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25
Q3 2023, reported Aug 11, 2023: actual -0.009, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 14, 2023: actual -0.011, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Jan 16, 2024: actual -0.027, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 20, 2024: actual -0.009, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual -0.009, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 15, 2024: actual -0.019, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual -0.001, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 20, 2025: actual -0.001, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates5.64M4.11M2.57M1.04MQ3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25
Q3 2023, reported Aug 11, 2023: actual 2.3M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 14, 2023: actual 1.85M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Jan 16, 2024: actual 1.23M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 20, 2024: actual 2.66M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 2.66M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 15, 2024: actual 4.5M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual 5.31M HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 20, 2025: actual 5.31M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Jan 18, 2024

1:10

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