Kin Pang Holdings Ltd.

Kin Pang Holdings Ltd.

HHKEX:1722
0.11
HKD
+0.00
(-4.55%)
80.30MMarket 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
0.21
0.17
0.18
0.32
0.26
0.29
0.69
0.96
0.6
0.53
0.61
0.58
- -
Basic EPS, GAAP
0.02
0.02
0.03
0.01
0.02
0.01
0.01
-0.02
-0.01
-0.03
-0.02
-0.02
- -
Free Cash Flow per Basic Share
0.01
- -
0.03
-0.02
-0.01
-0.04
0.01
-0.11
0.03
0.03
-0.04
- -
- -
Dividend per Share
- -
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.05
0.07
0.09
0.2
0.21
0.23
0.23
0.21
0.2
0.16
0.15
0.13
0.13
Tangible Book Value per Share
0.05
0.07
0.09
0.2
0.21
0.23
0.23
0.21
0.2
0.16
0.15
0.13
0.13
Basic Weighted Avg Shares
1,000
1,000
1,000
776
1,000
1,000
1,000
1,000
1,000
1,092
1,100
1,100
1,100
Sales/Revenue/Turnover
207
174
176
245
261
293
694
959
599
583
675
637
- -
Operating Margin (%)
8.79
13.38
16.04
3.97
7.39
7.32
3.01
-1.9
-0.93
-3.31
-3.32
-2.98
- -
Depreciation Expense
1
2
2
3
4
7
10
13
17
21
26
36
- -
Net Income, GAAP
16
21
26
6
17
14
13
-21
-12
-34
-18
-20
- -
Effective Tax Rate (%)
10.61
9.1
7.96
38.39
14.87
18.78
20.54
- -
- -
- -
- -
- -
- -
Profit Margin (%)
7.79
12.1
14.76
2.47
6.46
4.87
1.86
-2.17
-1.94
-5.85
-2.62
-3.1
- -
Working Capital
52
65
80
185
191
193
205
135
126
86
35
17
17
LT Debt
4
5
4
2
2
18
25
3
4
3
- -
4
4
Total Equity
55
71
88
197
214
229
235
213
201
178
161
141
141
Return on Invested Capital (%)
- -
28.65
28.61
3.86
7.6
5.75
5.21
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
31.03
30.89
4.2
8.11
6.2
5.35
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
33.57
32.81
4.25
8.19
6.44
5.56
-9.28
-5.62
-17.97
-10.43
-13.11
- -

Capital Structure

MOP

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
109
100
107
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
1
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,100
1,100
1,100
Market Capitalization
550
57
83

Working Capital

MOP

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
317
303
309
Cash, Cash Equivalents & STI
29
29
19
Accounts Receivable, Net
71
56
59
Inventories
- -
- -
- -
Total Current Liabilities
282
264
292
Payables & Accruals
- -
- -
- -
ST Debt
109
100
107
Deferred Revenue
- -
- -
- -

Growth Rates

MOP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.89%
-9.67%
-12.3%
Free Cash Flow
-309.4%
-479.25%
-90.76%
Net Income, GAAP
-4.88%
-29.69%
11.79%
Sales/Revenue/Turnover
20.46%
1.62%
-5.64%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

MOP

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
583
2024
- -
- -
675
2025
- -
- -
637

Semi-annual Earnings Per Share

MOP

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.03
2024
- -
- -
-0.02
2025
- -
- -
-0.02

Semi-annual Dividends Per Share

MOP

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Kin I Kong
Full Time Employees
203
Sector
Industrial services
Industry
Engineering & construction
Address
China Civil Plaza Macau Macau
IPO Date
Dec 15, 2017
Business
Kin Pang Holdings Limited is an investment holding company principally engaged in the provision of building and ancillary services in Macau and Hong Kong. The company operates through two main segments: Building and Ancillary Services, which include foundation associated works, hard landscaping, alteration and addition works, road works, water pipe works, electrical and mechanical works, and other ancillary building works; and Emergency Repair Services, focused on repair services related to infrastructure of electricity and water supply on a term contract basis. Its services support building and construction projects related to hotel and casino resorts, property developers, public utilities, and amenities such as carriageways, footpaths, drains, and sewers. Kin Pang Holdings was founded in the Cayman Islands with its headquarters located in Macau and administrative offices in Hong Kong. The group extends its operations primarily in Macau and Hong Kong, serving a mix of private sector clients including hotel and casino owners, developers, and public sector projects commissioned by the Macau Government. As of mid-2025, the company has a backlog consisting of 28 active building and ancillary services projects with a total outstanding contract sum of approximately MOP 695 million. Recent significant developments include an improved financial performance in the first half of 2025, where the company returned to profitability with a net profit of approximately MOP 427,000 compared to a loss in the prior year. This improvement was driven by increased revenue (about MOP 349 million) and better gross profit margins through careful cost control and undertaking projects with higher profit margins. The company acquired new property, plant, and equipment worth MOP 12.4 million to support business expansion. Despite an increase in finance costs, administrative expenses decreased mainly due to lower staff costs. Significant operational changes include the resignation of an executive director and appointments to the nomination committee in 2025. Kin Pang maintains a strategic focus on capitalizing on the recovery of the Macau tourism and gaming sectors, while expanding in public infrastructure projects in Hong Kong. It anticipates further opportunities in government-led transportation, energy infrastructure, and housing projects, balanced by prudent financial and operational management to navigate challenges such as inflation, high interest rates, and regional economic shifts. The company’s ultimate controlling party is Mr. Kong Kin I, who also serves as Chairman and CEO. Kin Pang Holdings is listed on The Stock Exchange of Hong Kong under ticker 1722.HK and operates with approximately 295 employees. Strategic priorities include operational excellence, cost control, and leveraging its expertise in foundation works to maintain competitive positioning in the construction industry of Macau and Hong Kong.