1. Hong Kong Stocks

  2. •

    Finance

  3. •

    Real estate development
Wang On Properties Ltd.

Wang On Properties Ltd.

HHKEX:1243
0.03
HKD
+0.00
(-6.90%)
456.00MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.01
0.01
0.04
0.01
0.09
0.19
0.16
0.02
- -
0.13
0.02
0.08
0.09
- -
Basic EPS, GAAP
- -
- -
0.03
- -
0.12
0.03
0.03
0.03
0.02
0.01
-0.05
-0.06
-0.06
- -
Free Cash Flow per Basic Share
0.01
-0.01
- -
0.02
-0.06
-0.04
-0.02
-0.09
-0.2
0.02
-0.05
0.06
0.06
- -
Dividend per Share
- -
- -
0.01
- -
0.01
0.01
0.02
0.01
0.01
0.01
0.01
- -
- -
- -
Book Value per Share
0.02
0.02
0.13
0.16
0.27
0.29
0.31
0.33
0.34
0.35
0.29
0.23
0.17
0.17
Tangible Book Value per Share
0.02
0.02
0.13
0.16
0.27
0.29
0.31
0.33
0.34
0.35
0.29
0.23
0.17
0.17
Basic Weighted Avg Shares
152,000
152,000
15,200
15,085
15,200
15,200
15,200
15,200
15,200
15,200
15,200
15,200
15,200
15,200
Sales/Revenue/Turnover
1,389
1,230
645
152
1,352
2,832
2,372
340
39
1,992
298
1,255
1,397
- -
Operating Margin (%)
46.49
31.58
6.21
-41.91
23.97
31.87
30.67
6.03
-321.17
2.11
-38.54
-17.4
-26
- -
Depreciation Expense
- -
2
1
- -
1
4
13
18
19
15
15
15
16
- -
Net Income, GAAP
427
457
410
39
1,808
500
457
467
285
211
-733
-977
-914
- -
Effective Tax Rate (%)
19.57
15.04
- -
- -
3.02
17.04
23.54
1.84
- -
3.23
- -
- -
- -
- -
Profit Margin (%)
30.76
37.19
63.52
25.47
133.78
17.67
19.28
137.47
733.66
10.6
-246.15
-77.87
-65.46
- -
Working Capital
-532
294
2,692
3,118
3,700
3,210
2,305
3,057
2,890
1,218
1,689
2,259
789
789
LT Debt
804
1,672
1,567
2,413
2,397
2,778
2,476
2,945
2,636
2,037
1,565
2,809
1,887
1,887
Total Equity
259
238
2,031
2,392
4,184
4,489
4,716
5,034
5,184
5,283
4,447
3,423
2,309
2,309
Return on Invested Capital (%)
23.95
13.58
- -
- -
24.46
10.39
6.21
-0.24
- -
-0.45
- -
- -
- -
- -
Return on Capital (%)
24.18
20.93
- -
- -
28.06
3.1
6.12
5.94
- -
3.47
- -
- -
- -
- -
Return on Common Equity (%)
247.83
183.78
36.11
1.75
55.96
11.74
10.01
9.63
5.59
4.04
-15.08
-24.64
-30.25
- -

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
664
482
1,006
LT Borrowings
2,809
2,660
1,887
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15,200
15,200
15,200
Market Capitalization
517
608
456

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
3,279
2,796
2,152
Cash, Cash Equivalents & STI
394
423
562
Accounts Receivable, Net
6
4
3
Inventories
2,630
2,114
1,541
Total Current Liabilities
1,021
912
1,363
Payables & Accruals
- -
- -
- -
ST Debt
664
482
1,006
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.53%
-13.3%
-32.53%
Free Cash Flow
334.17%
-108.06%
0.28%
Net Income, GAAP
390.42%
-97.1%
-6.41%
Sales/Revenue/Turnover
590.31%
1,036.99%
11.33%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
298
2025
- -
- -
1,255
2026
- -
- -
1,397

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.05
2025
- -
- -
-0.06
2026
- -
- -
-0.06

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.01
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ho Hong Tang
Full Time Employees
156
Sector
Finance
Industry
Real estate development
Address
Skyline Tower Hong Kong Hong Kong
IPO Date
Apr 12, 2016
Website
woproperties.com
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Business
Wang On Properties Limited (1243.HK) is an investment holding company principally engaged in property development, property investment, and asset management in Hong Kong. The company develops and sells residential properties under brands including "the met." series such as Acappella and the met. Azure, "Nouvelle" series including Maya, and Meister House and Godi; it also develops commercial properties under the "LADDER" series such as LADDER Dundas and acquires existing buildings for demolition, redevelopment, or long-term investment, leasing, or sale of commercial and industrial premises; additionally, it provides asset management, securities investment, and financial services. Incorporated in 2015 with property investment operations tracing back to 1997 and development since 2004, Wang On Properties is headquartered at Suite 3201, 32/F, Skyline Tower, 39 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong, and operates as a subsidiary of Wang On Group Limited (1222.HK). Recent developments include the launch of four new residential projects from January 2024 to February 2025—Phoenext in Tsz Wan Shan, Diamond Hill, and San Po Kong; 101 Kings Road in Fortress Hill; Finnie in Quarry Bay; and Coasto in Ap Lei Chau—achieving cumulative contracted sales exceeding HK$2.5 billion, with Coasto selling 65 of 85 units; in March 2025, the company secured a HK$1.015 billion three-year term loan facility from six banks including Bank of Communications (Hong Kong) Limited and Hang Seng Bank Limited for refinancing and general corporate purposes; it formed a joint venture with Angelo Gordon in 2022 to acquire and renovate pentahotel Hong Kong, Kowloon for HK$2 billion, retaining a 35% interest; and in 2021 established a joint venture with APG Asset Management committing HK$4.668 billion initially for residential developments including seed projects in Ap Lei Chau and Wong Tai Sin, alongside recent 2025 transactions involving disposal of joint venture interests and formation of new joint ventures for property acquisitions.