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    Industrial services

  3. •

    Engineering & construction
Thelloy Development Group Limited

Thelloy Development Group Limited

HHKEX:1546
0.11
HKD
+0.00
(-2.63%)
49.60MMarket 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
TTM
Revenue per Share
0.27
0.33
0.23
0.59
1.14
1.04
0.67
0.19
0.26
0.32
0.32
0.5
- -
Basic EPS, GAAP
0.02
0.03
- -
0.03
0.08
0.05
0.02
0.03
0.01
0.02
0.01
-0.06
- -
Free Cash Flow per Basic Share
0.02
0.04
-0.07
0.06
0.22
0.05
-0.12
0.1
-0.01
-0.03
-0.02
-0.08
- -
Dividend per Share
0.01
0.01
- -
- -
0.02
0.04
0.04
- -
- -
- -
- -
- -
- -
Book Value per Share
0.05
0.07
0.09
0.12
0.18
0.17
0.15
0.18
0.19
0.2
0.21
0.15
0.13
Tangible Book Value per Share
0.05
0.07
0.09
0.12
0.18
0.17
0.15
0.18
0.19
0.2
0.21
0.15
0.13
Basic Weighted Avg Shares
630
630
711
800
800
800
800
800
800
800
800
800
800
Sales/Revenue/Turnover
172
207
161
468
912
835
537
152
204
259
258
400
- -
Operating Margin (%)
8.89
10.31
3.78
6.42
8.28
6.89
2.88
-5.79
2.74
5.2
-1.67
-6.52
- -
Depreciation Expense
- -
1
1
- -
- -
- -
3
6
8
8
8
8
- -
Net Income, GAAP
12
18
3
25
61
38
13
21
4
13
8
-51
- -
Effective Tax Rate (%)
16.86
16.5
52.42
17.21
17.85
16.51
17.09
16.7
9.01
14.11
5.82
- -
- -
Profit Margin (%)
7.17
8.6
1.78
5.33
6.72
4.49
2.38
13.91
2.09
4.89
3.21
-12.83
- -
Working Capital
43
54
73
98
143
138
29
-18
-24
-16
-46
-81
-75
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
5
3
1
- -
4
Total Equity
44
55
74
99
144
139
123
144
149
161
170
118
102
Return on Invested Capital (%)
- -
31.51
4.22
28.48
48.78
24.83
9.37
13.72
2.74
6.74
-1.67
- -
- -
Return on Capital (%)
- -
35.27
4.41
28.96
50.39
26.23
9.94
14.21
2.7
7.47
5.33
- -
- -
Return on Common Equity (%)
- -
35.89
4.43
28.96
50.46
26.55
9.74
15.77
2.91
8.16
5
-35.67
- -

Capital Structure

HKD

•

in mil. unless spec.
Sep'25
Mar'25
Sep'26
ST Debt
105
156
154
LT Borrowings
- -
- -
- -
LT Finance Leases
1
- -
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
800
800
800
Market Capitalization
86
44
50

Working Capital

HKD

•

in mil. unless spec.
Sep'25
Mar'25
Sep'26
Total Current Assets
166
199
205
Cash, Cash Equivalents & STI
30
31
39
Accounts Receivable, Net
45
54
36
Inventories
- -
- -
- -
Total Current Liabilities
225
280
281
Payables & Accruals
- -
- -
- -
ST Debt
105
156
154
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.15%
0.69%
-30.27%
Free Cash Flow
-41.36%
42.47%
287.74%
Net Income, GAAP
15.72%
-114.45%
-720.34%
Sales/Revenue/Turnover
26.4%
8.87%
55.11%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
258
2025
- -
- -
400
2026
- -
- -
- -

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.01
2025
- -
- -
-0.06
2026
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Yee Ng
Full Time Employees
141
Sector
Industrial services
Industry
Engineering & construction
Address
The Globe Hong Kong Hong Kong
IPO Date
Oct 9, 2015
Website
fortunepeace.hk
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Business
Thelloy Development Group Limited (HKEX:1546) is a Cayman Islands-incorporated investment holding company principally engaged in providing property construction services in Hong Kong; its core offerings encompass building construction services, repair, maintenance, alteration and addition (RMAA) works, design-and-build services, interior decoration services and Modular Integrated Construction (MiC) works through its subsidiary Techoy Construction Company Limited, a Group C (confirmed) main contractor listed on the Works Branch of the Development Bureau's approved contractor list; it also invests in properties via joint ventures and serves government entities, quasi-government organizations, universities, schools, institutions and incorporated owners of private buildings. The company, founded in 2015 and headquartered at 19/F, The Globe, 79 Wing Hong Street, Lai Chi Kok, Kowloon, Hong Kong, operates as a subsidiary of Cheers Mate Holding Limited and maintains approximately 140 employees as of September 2025. Recent developments include revenue growth to HK$260.3 million for the six months ended 30 September 2025 from HK$180.7 million a year earlier, driven by building construction (HK$242.9 million) and RMAA works (HK$17.5 million); divestment by 49%-owned joint venture Great Glory Developments Limited of its entire interests in Profit Apex Developments Limited and Sky Glory Properties Limited (land lots in Yuen Long) in May 2025 for HK$42 million total consideration, yielding the Group HK$20.6 million attributable proceeds; a new town planning application submitted in September 2025 by Great Glory's subsidiary World Partners Limited to redevelop a Tsuen Wan industrial building into a hotel and/or student hostel; and term contract extensions awarded in June 2025 by the HKSAR Buildings Department with an estimated remaining value of HK$593 million.