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Activation Group Holdings Limited logo

Activation Group Holdings Limited

9919.HK

HKSECommunication ServicesAdvertising Agencies

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Latest quote

HK$0.75

−HK$0.01 · -1.32%

Aug 21, 6:07 PM HKTData delayed

9919.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Activation Group Holdings Limited operates as an investment holding company, delivering comprehensive marketing solutions primarily across Mainland China, Hong Kong, and Singapore. The firm structures its operations into three core segments: Experiential Marketing Services, Digital and Communication Services, and IP Development. Its extensive service portfolio encompasses experiential marketing campaigns, digital and brand communication strategies, public relations, and application development. Furthermore, the company is actively involved in the management and execution of sports events. Established in 2013, Activation Group maintains its headquarters in Shanghai, People's Republic of China.

Industry
Advertising Agencies
Sector
Communication Services
Headquarters
CN
CEO
Kam Yiu Lau
Listed since
Jan 16, 2020
Employees
208

Market position

Day range

Current HK$0.75

52-week range

Current HK$0.75

Open
HK$0.75
Previous close
HK$0.76
Volume
50K
0.32× average
Average volume
158.16K
Average daily volume
Market cap
558.56M HKD
Beta
-0.56
Market reference 1
50-day average
HK$0.7762
-3.38% below average
200-day average
HK$0.9362
-19.88% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
418.13M CNY
EV / EBITDA
4.98×
Earnings yield
10.72%
Free cash flow yield
-1.06%

Profitability & efficiency

Return on equity
22.17%
Return on assets
11.52%
Return on invested capital
17.23%

Financial health

Current ratio
2.01×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends34%23%12%1%Gross margin, FY2021: 29.56%Gross margin, FY2022: 29.11%Gross margin, FY2023: 30.83%Gross margin, FY2024: 29.99%Gross margin, FY2025: 29.34%Operating margin, FY2021: 15.35%Operating margin, FY2022: 7.21%Operating margin, FY2023: 15.83%Operating margin, FY2024: 13.91%Operating margin, FY2025: 12.05%Net margin, FY2021: 10.23%Net margin, FY2022: 3.40%Net margin, FY2023: 11.17%Net margin, FY2024: 9.35%Net margin, FY2025: 10.74%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 29.56%. Gross margin FY2022 29.11%. Gross margin FY2023 30.83%. Gross margin FY2024 29.99%. Gross margin FY2025 29.34%. Operating margin FY2021 15.35%. Operating margin FY2022 7.21%. Operating margin FY2023 15.83%. Operating margin FY2024 13.91%. Operating margin FY2025 12.05%. Net margin FY2021 10.23%. Net margin FY2022 3.40%. Net margin FY2023 11.17%. Net margin FY2024 9.35%. Net margin FY2025 10.74%.

Income trends

Revenue

707.4M CNY-16.56%

Operating income

85.27M CNY-27.69%

Net income

76M CNY-4.09%
Income trends across reported periods1.06B CNY684.15M CNY306.71M CNY−70.73M CNYRevenue, FY2021: 904.06M CNYRevenue, FY2022: 694.81M CNYRevenue, FY2023: 967.23M CNYRevenue, FY2024: 847.75M CNYRevenue, FY2025: 707.4M CNYOperating income, FY2021: 138.78M CNYOperating income, FY2022: 50.12M CNYOperating income, FY2023: 153.09M CNYOperating income, FY2024: 117.92M CNYOperating income, FY2025: 85.27M CNYNet income, FY2021: 92.49M CNYNet income, FY2022: 23.63M CNYNet income, FY2023: 107.99M CNYNet income, FY2024: 79.24M CNYNet income, FY2025: 76M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 904.06M CNY. Revenue FY2022 694.81M CNY. Revenue FY2023 967.23M CNY. Revenue FY2024 847.75M CNY. Revenue FY2025 707.4M CNY. Operating income FY2021 138.78M CNY. Operating income FY2022 50.12M CNY. Operating income FY2023 153.09M CNY. Operating income FY2024 117.92M CNY. Operating income FY2025 85.27M CNY. Net income FY2021 92.49M CNY. Net income FY2022 23.63M CNY. Net income FY2023 107.99M CNY. Net income FY2024 79.24M CNY. Net income FY2025 76M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue707.4M CNY847.75M CNY967.23M CNY694.81M CNY904.06M CNY
Cost of goods sold499.82M CNY593.48M CNY669.01M CNY492.57M CNY636.77M CNY
Gross profit207.58M CNY254.27M CNY298.22M CNY202.24M CNY267.28M CNY
Selling, general, and administrative113.88M CNY137.58M CNY145.13M CNY152.12M CNY128.5M CNY
Operating expenses122.31M CNY136.35M CNY145.13M CNY152.12M CNY128.5M CNY
Interest income2.11M CNY1.95M CNY1.33M CNY1.7M CNY1.68M CNY
Interest expense371K CNY418K CNY410K CNY526K CNY613K CNY
Depreciation and amortization2.04M CNY5.1M CNY5.19M CNY2.06M CNY811K CNY
Operating income85.27M CNY117.92M CNY153.09M CNY50.12M CNY138.78M CNY
Net income76M CNY79.24M CNY107.99M CNY23.63M CNY92.49M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.07

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.150.080.01-0.05Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q3 '26
Q3 2022, reported Aug 12, 2022: actual -0.014, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 9, 2023: actual 0.05, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 10, 2023: actual 0.055, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 11, 2024: actual 0.105, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 15, 2024: actual 0.039, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 12, 2025: actual 0.075, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 25, 2025: actual 0.047, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 24, 2026: actual 0.066, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.37B971.84M571.88M171.92MQ3 '22No estimateQ1 '23MissQ3 '23No estimateQ1 '24MissQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ3 '26No estimate
Q3 2022, reported Aug 12, 2022: actual 202.26M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 9, 2023: actual 594.55M HKD, estimate 1.29B HKD, surprise -53.74%, Miss. Q3 2023, reported Aug 10, 2023: actual 378.78M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 11, 2024: actual 682.86M HKD, estimate 1.27B HKD, surprise -46.13%, Miss. Q3 2024, reported Aug 15, 2024: actual 339.74M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 12, 2025: actual 565.29M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 25, 2025: actual 341.51M HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 24, 2026: actual 440.26M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.093

2025 complete year+16.8% since 2021

2026 partial: HK$0.065

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 3, 2026

HK$0.065

Special

Record Jun 5, 2026 · Payment Jun 18, 2026

Dividend

Ex-dividend Sep 4, 2025

HK$0.023

Annual

Record Sep 6, 2025 · Payment Sep 19, 2025

Dividend

Ex-dividend May 22, 2025

HK$0.07

Special

Record May 24, 2025 · Payment Jun 18, 2025

Dividend

Ex-dividend Aug 30, 2024

HK$0.02

Annual

Record Sep 3, 2024 · Payment Sep 17, 2024

Dividend

Ex-dividend May 30, 2024

HK$0.1058

Special

Record May 31, 2024 · Payment Jun 18, 2024

Dividend

Ex-dividend Aug 24, 2023

HK$0.02

Quarterly

Record Aug 28, 2023 · Payment Sep 14, 2023

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