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  3. •

    Real estate development
Road King Infrastructure Limited

Road King Infrastructure Limited

HHKEX:1098
0.48
HKD
+0.01
(+1.06%)
494.56MMarket Cap
Road King Infrastructure Limited
HKEX:1098
(Hong Kong Exchange)

Recent

price

0.48

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
HKD
6.68
9.21
12.59
15.5
17.36
16.98
22.76
19.82
29.86
28.69
32.29
32.93
22.89
17.45
7.39
7.1
- -
Revenue per Share
0.84
0.99
1.1
1.36
1.37
1.11
1.69
2.94
4.46
4.54
3
2.08
0.06
-4.58
-4.78
-7.25
- -
Basic EPS, GAAP
0.02
-3.04
2.2
-1.09
-3.04
4.82
8.59
11.3
9.03
-15.36
-1.36
8.51
2.8
3.39
2.71
-0.66
- -
Free Cash Flow per Basic Share
0.5
0.45
0.4
0.48
0.53
0.58
0.48
0.7
1.08
1.18
1.08
0.7
0.2
- -
- -
- -
- -
Dividend per Share
13.81
14.92
15.9
17.24
18.1
17.78
17.96
27.09
29.4
34.47
37.21
39.09
36.31
30.24
23.94
17.33
17.33
Book Value per Share
13.81
14.92
15.9
17.24
18.1
17.78
17.96
27.09
29.4
34.47
37.21
39.09
36.31
30.24
23.94
17.33
17.33
Tangible Book Value per Share
740
742
742
739
734
737
740
745
749
749
749
749
749
749
749
749
749
Basic Weighted Avg Shares
4,942
6,833
9,344
11,456
12,730
12,510
16,842
14,756
22,365
21,495
24,196
24,678
17,156
13,075
5,537
5,322
- -
Sales/Revenue/Turnover
26.2
17.73
20.14
17.55
18.96
15.96
18.35
31.44
37.94
27.42
19.76
14.38
7.68
-14.33
-42
-59.01
- -
Operating Margin (%)
18
11
10
12
13
13
14
14
31
56
58
50
36
37
25
36
- -
Depreciation Expense
625
735
818
1,002
1,005
820
1,250
2,190
3,338
3,399
2,251
1,556
42
-3,429
-3,581
-5,436
- -
Net Income, GAAP
60.57
60.06
63.21
59.4
58.84
58.22
57.67
54.5
61.06
45.61
41.19
53.57
58.24
- -
- -
- -
- -
Effective Tax Rate (%)
12.65
10.76
8.76
8.74
7.89
6.55
7.42
14.84
14.93
15.81
9.3
6.31
0.24
-26.22
-64.68
-102.14
- -
Profit Margin (%)
11,626
12,064
14,252
15,749
17,278
12,981
17,337
18,726
11,290
25,722
27,698
27,749
21,709
14,166
12,314
-413
-413
Working Capital
5,687
6,920
8,088
7,928
9,768
7,406
11,807
15,819
10,184
21,964
24,721
30,470
21,919
12,768
13,319
2,030
2,030
LT Debt
10,360
11,349
12,223
13,363
14,053
13,976
14,233
21,614
24,767
28,564
33,042
35,798
32,760
27,198
20,900
15,033
15,033
Total Equity
2.8
2.11
2.8
2.95
3.36
2.83
4.18
5.44
6.88
5.39
3.72
1.93
0.54
- -
- -
- -
- -
Return on Invested Capital (%)
3.82
3.71
3.59
4.01
3.5
3
4.03
5.59
7.42
6.94
3.7
2.24
0.15
- -
- -
- -
- -
Return on Capital (%)
6.22
6.9
7.16
8.19
7.77
6.22
9.45
13.05
15.78
14.21
8.38
5.44
0.15
-13.75
-17.64
-35.15
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
2,923
2,190
13,106
LT Borrowings
13,315
13,026
2,017
LT Finance Leases
5
3
13
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
749
749
749
Market Capitalization
854
629
495

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
34,576
31,387
26,696
Cash, Cash Equivalents & STI
4,274
3,084
2,566
Accounts Receivable, Net
139
176
177
Inventories
23,732
22,814
19,158
Total Current Liabilities
22,262
20,107
27,109
Payables & Accruals
- -
- -
- -
ST Debt
2,923
2,190
13,106
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.1%
-13.67%
-28.07%
Free Cash Flow
-118.67%
-183.47%
-124.46%
Net Income, GAAP
-828.05%
-1,685.73%
51.77%
Sales/Revenue/Turnover
-3.13%
-22.76%
-3.88%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
13,075
2024
- -
- -
5,537
2025
- -
- -
5,322

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-4.58
2024
- -
- -
-4.78
2025
- -
- -
-7.25

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
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Business
Road King Infrastructure Limited Road King Infrastructure Limited (1098.HK) is an investment holding company that invests in, develops, operates, and manages property projects and toll roads primarily in Mainland China and Hong Kong, with additional toll road operations in Indonesia. The company operates through three main segments: Property Development and Investment, Toll Road, and Investment and Asset Management; it develops, rents, and sells residential and commercial properties, engages in property funds, cultural, tourist, and commercial businesses, and provides financial and management services. Its toll road portfolio comprises four expressways in Indonesia spanning approximately 335 kilometers, all located in major economic regions, while its real estate assets focus on the Yangtze River Delta, Bohai Rim, and Guangdong-Hong Kong-Macao Greater Bay Area, supported by a land reserve of approximately 2.59 million square meters as of December 31, 2024. Founded in 1994 and headquartered in Tsim Sha Tsui, Hong Kong, Road King Infrastructure Limited generates the majority of its revenue from Mainland China, followed by Hong Kong, and targets residential and commercial customers through its property developments as well as transportation users via its infrastructure assets. In recent developments, the company reported contracted sales of RMB6,054 million for the nine months ended September 2025, reflecting ongoing property market activity amid China's real estate sector dynamics; it maintains a diversified portfolio integrating stable toll road cash flows with property opportunities.