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SEM Holdings Limited logo

SEM Holdings Limited

9929.HK

HKSEIndustrialsEngineering & Construction

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Latest quote

HK$1.90

+HK$0.035 · +1.88%

Aug 24, 2:03 PM HKT

9929.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Operating as an investment holding company, SEM Holdings Limited specializes in delivering electrical and mechanical (E&M) engineering services across Macau and Hong Kong. The firm provides end-to-end electrical system solutions, from supply and installation to ongoing maintenance, for both new constructions and existing structures. Its expertise extends to diverse projects, including commercial and residential developments, hotel and casino complexes, public properties, and comprehensive hotel renovation works. SEM Holdings primarily serves main contractors and E&M engineering works subcontractors engaged in these various development and refurbishment initiatives. Established in 2006, the company is headquartered in Chai Wan, Hong Kong, and operates as a subsidiary of SEM Enterprises Limited.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
HK
CEO
Man Keung Wan
Listed since
Feb 14, 2020
Employees
24

Market position

Day range

Current HK$1.90

52-week range

Current HK$1.90

Open
HK$1.865
Previous close
HK$1.865
Volume
840K
0.11× average
Average volume
7.61M
Average daily volume
Market cap
3.8B HKD
Beta
1.74
Market reference 1
50-day average
HK$1.6461
+15.42% above average
200-day average
HK$1.0148
+87.23% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.08B HKD
P/E (TTM)
-202.13×
P/B (TTM)
19.66×
P/S (TTM)
57.35×
EV / EBITDA
-64.55×
Earnings yield
-1.65%
Free cash flow yield
-0.19%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
5.64%
Operating margin
-28.63%
Net margin
-28.46%
Return on equity
-9.76%
Return on assets
-8.33%
Return on invested capital
-9.75%

Financial health

Debt / equity
0.01×
Current ratio
6.14×
Altman Z-score
66.79
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends31%9%-12%-34%Gross margin, FY2021: 11.79%Gross margin, FY2022: 8.23%Gross margin, FY2023: 7.54%Gross margin, FY2024: 25.65%Gross margin, FY2025: 5.64%Operating margin, FY2021: -3.04%Operating margin, FY2022: 2.56%Operating margin, FY2023: -0.92%Operating margin, FY2024: 0.66%Operating margin, FY2025: -28.63%Net margin, FY2021: -2.67%Net margin, FY2022: -2.39%Net margin, FY2023: -3.08%Net margin, FY2024: 4.15%Net margin, FY2025: -28.46%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 11.79%. Gross margin FY2022 8.23%. Gross margin FY2023 7.54%. Gross margin FY2024 25.65%. Gross margin FY2025 5.64%. Operating margin FY2021 -3.04%. Operating margin FY2022 2.56%. Operating margin FY2023 -0.92%. Operating margin FY2024 0.66%. Operating margin FY2025 -28.63%. Net margin FY2021 -2.67%. Net margin FY2022 -2.39%. Net margin FY2023 -3.08%. Net margin FY2024 4.15%. Net margin FY2025 -28.46%.

Income trends

Revenue

66.26M HKD-27.75%

Operating income

−18.97M HKD−19.58M HKD

Net income

−18.86M HKD−22.66M HKD
Income trends across reported periods311.36M HKD191.24M HKD71.12M HKD−49M HKDRevenue, FY2021: 176.87M HKDRevenue, FY2022: 281.33M HKDRevenue, FY2023: 258.89M HKDRevenue, FY2024: 91.71M HKDRevenue, FY2025: 66.26M HKDOperating income, FY2021: −5.37M HKDOperating income, FY2022: 7.19M HKDOperating income, FY2023: −2.38M HKDOperating income, FY2024: 607K HKDOperating income, FY2025: −18.97M HKDNet income, FY2021: −4.72M HKDNet income, FY2022: −6.73M HKDNet income, FY2023: −7.97M HKDNet income, FY2024: 3.8M HKDNet income, FY2025: −18.86M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 176.87M HKD. Revenue FY2022 281.33M HKD. Revenue FY2023 258.89M HKD. Revenue FY2024 91.71M HKD. Revenue FY2025 66.26M HKD. Operating income FY2021 −5.37M HKD. Operating income FY2022 7.19M HKD. Operating income FY2023 −2.38M HKD. Operating income FY2024 607K HKD. Operating income FY2025 −18.97M HKD. Net income FY2021 −4.72M HKD. Net income FY2022 −6.73M HKD. Net income FY2023 −7.97M HKD. Net income FY2024 3.8M HKD. Net income FY2025 −18.86M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue66.26M HKD91.71M HKD258.89M HKD281.33M HKD176.87M HKD
Cost of goods sold62.52M HKD68.19M HKD239.38M HKD258.18M HKD156.02M HKD
Gross profit3.74M HKD23.52M HKD19.51M HKD23.15M HKD20.85M HKD
Selling, general, and administrative30.59M HKD21.27M HKD25.8M HKD30.05M HKD26.22M HKD
Operating expenses22.71M HKD22.91M HKD21.89M HKD15.96M HKD26.22M HKD
Interest income913K HKD1.34M HKD1.01M HKD75K HKD188.02K HKD
Interest expense192K HKD249K HKD274K HKD251K HKD238.35K HKD
Depreciation and amortization2.29M HKD2.62M HKD2.82M HKD3.08M HKD2.49M HKD
Operating income−18.97M HKD607K HKD−2.38M HKD7.19M HKD−5.37M HKD
Net income−18.86M HKD3.8M HKD−7.97M HKD−6.73M HKD−4.72M 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 estimates0.040.01-0.01-0.04Q4 '22Q1 '23Q1 '23Q2 '23Q1 '24Q2 '24Q3 '24Q1 '25
Q4 2022, reported Dec 31, 2022: actual -0.001, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 28, 2023: actual -0.001, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 0.001, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 30, 2023: actual 0.001, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 26, 2024: actual -0.003, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 14, 2024: actual -0.002, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual -0.002, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 0.003, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates83.64M61.55M39.45M17.35MQ4 '22Q1 '23Q1 '23Q2 '23Q1 '24Q2 '24Q3 '24Q1 '25
Q4 2022, reported Dec 31, 2022: actual 78.96M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 28, 2023: actual 78.96M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 65.72M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 30, 2023: actual 65.72M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 26, 2024: actual 63.62M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 14, 2024: actual 25.44M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual 25.44M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 20.41M HKD, estimate —, surprise —, Comparison unavailable.

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