Horizon Construction Development logo

Horizon Construction Development

9930.HK

HKSEIndustrialsRental & Leasing Services

Latest quote

HK$0.75

−HK$0.03 · -3.85%

Aug 21, 3:14 PM HKTData delayed

9930.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Horizon Construction Development Limited functions as an investment holding enterprise, delivering equipment operation solutions throughout the People's Republic of China. The company's offerings include rental services for a diverse range of machinery, such as aerial work platforms, modern excavation support systems, and advanced formwork systems. Additionally, it provides specialized engineering and technical assistance, along with platforms and other services, including the sale of equipment, components, and materials. Founded in 2011 and based in Tianjin, China, the company operates as a subsidiary of Far East Horizon Limited.

Industry
Rental & Leasing Services
Sector
Industrials
Headquarters
CN
CEO
Jing Zhan
Listed since
May 25, 2023
Employees
4,253

Market position

52-week range

Current HK$0.75

Open
HK$0.75
Previous close
HK$0.78
Volume
104K
0.59× average
Average volume
176.97K
Average daily volume
Market cap
2.4B HKD
Beta
0.07
Market reference 1
50-day average
HK$0.7166
+4.66% above average
200-day average
HK$0.9217
-18.63% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
22.35B CNY
EV / EBITDA
5.57×
Earnings yield
4.75%
Free cash flow yield
67.07%

Profitability & efficiency

Return on equity
1.26%
Return on assets
0.39%
Return on invested capital
1.80%

Financial health

Current ratio
1.1×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends51%33%15%-3%Gross margin, FY2021: 46.34%Gross margin, FY2022: 39.77%Gross margin, FY2023: 39.14%Gross margin, FY2024: 32.59%Gross margin, FY2025: 26.35%Operating margin, FY2021: 24.76%Operating margin, FY2022: 22.49%Operating margin, FY2023: 21.02%Operating margin, FY2024: 16.57%Operating margin, FY2025: 9.11%Net margin, FY2021: 11.56%Net margin, FY2022: 8.43%Net margin, FY2023: 10.01%Net margin, FY2024: 7.74%Net margin, FY2025: 1.57%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 46.34%. Gross margin FY2022 39.77%. Gross margin FY2023 39.14%. Gross margin FY2024 32.59%. Gross margin FY2025 26.35%. Operating margin FY2021 24.76%. Operating margin FY2022 22.49%. Operating margin FY2023 21.02%. Operating margin FY2024 16.57%. Operating margin FY2025 9.11%. Net margin FY2021 11.56%. Net margin FY2022 8.43%. Net margin FY2023 10.01%. Net margin FY2024 7.74%. Net margin FY2025 1.57%.

Income trends

Revenue

9.12B CNY-21.28%

Operating income

830.34M CNY-56.73%

Net income

143.17M CNY-84.03%
Income trends across reported periods12.72B CNY8.15B CNY3.57B CNY−1B CNYRevenue, FY2021: 6.14B CNYRevenue, FY2022: 7.88B CNYRevenue, FY2023: 9.61B CNYRevenue, FY2024: 11.58B CNYRevenue, FY2025: 9.12B CNYOperating income, FY2021: 1.52B CNYOperating income, FY2022: 1.77B CNYOperating income, FY2023: 2.02B CNYOperating income, FY2024: 1.92B CNYOperating income, FY2025: 830.34M CNYNet income, FY2021: 709.64M CNYNet income, FY2022: 664.34M CNYNet income, FY2023: 962.41M CNYNet income, FY2024: 896.32M CNYNet income, FY2025: 143.17M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 6.14B CNY. Revenue FY2022 7.88B CNY. Revenue FY2023 9.61B CNY. Revenue FY2024 11.58B CNY. Revenue FY2025 9.12B CNY. Operating income FY2021 1.52B CNY. Operating income FY2022 1.77B CNY. Operating income FY2023 2.02B CNY. Operating income FY2024 1.92B CNY. Operating income FY2025 830.34M CNY. Net income FY2021 709.64M CNY. Net income FY2022 664.34M CNY. Net income FY2023 962.41M CNY. Net income FY2024 896.32M CNY. Net income FY2025 143.17M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue9.12B CNY11.58B CNY9.61B CNY7.88B CNY6.14B CNY
Cost of goods sold6.71B CNY7.81B CNY5.85B CNY4.74B CNY3.3B CNY
Gross profit2.4B CNY3.77B CNY3.76B CNY3.13B CNY2.85B CNY
Research and development265.2M CNY413.35M CNY362.66M CNY270.61M CNY216.68M CNY
Selling, general, and administrative1.31B CNY1.88B CNY1.59B CNY1.2B CNY569.3M CNY
Operating expenses1.57B CNY1.86B CNY1.74B CNY1.36B CNY1.33B CNY
Interest income5.64M CNY18.7M CNY17.27M CNY13.25M CNY11.14M CNY
Interest expense784.46M CNY805.83M CNY834.16M CNY924.82M CNY650.32M CNY
Depreciation and amortization3.03B CNY2.64B CNY2.44B CNY2.27B CNY1.65B CNY
Operating income830.34M CNY1.92B CNY2.02B CNY1.77B CNY1.52B CNY
Net income143.17M CNY896.32M CNY962.41M CNY664.34M CNY709.64M CNY

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 estimates0.290.20.10Q4 '22Q2 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q3 '26
Q4 2022, reported Dec 31, 2022: actual 0.203, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 30, 2023: actual 0.1, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 8, 2023: actual 0.086, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 12, 2024: actual 0.255, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 8, 2024: actual 0.086, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 6, 2025: actual 0.223, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 0.012, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 4, 2026: actual 0.001, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates7.66B5.28B2.89B503.42MQ4 '22No estimateQ2 '23No estimateQ3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25BeatQ3 '25MissQ3 '26Miss
Q4 2022, reported Dec 31, 2022: actual 5.51B HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 30, 2023: actual 5.14B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 8, 2023: actual 4.55B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 12, 2024: actual 5.95B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 8, 2024: actual 5.24B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 6, 2025: actual 7.14B HKD, estimate 6.61B HKD, surprise +8.04%, Beat. Q3 2025, reported Jul 31, 2025: actual 4.77B HKD, estimate 5.61B HKD, surprise -14.97%, Miss. Q3 2026, reported Aug 4, 2026: actual 592.26M HKD, estimate 4.62B HKD, surprise -87.18%, Miss.

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