Zhongke Group Holdings Limited

Zhongke Group Holdings Limited

HHKEX:3321
0.96
HKD
-0.01
(-1.04%)
27.25MMarket Cap
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
2.28
2.29
3.78
6.54
7.79
10.13
5.21
1.08
2.1
0.15
0.2
- -
Basic EPS, GAAP
0.34
0.36
0.48
0.64
0.82
0.91
-4.63
-1.4
-0.55
-0.81
-1.2
- -
Free Cash Flow per Basic Share
0.34
-0.03
0.16
0.58
-3.06
-0.49
-0.78
-0.17
0.16
- -
0.22
- -
Dividend per Share
0.01
0.01
- -
- -
0.14
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.55
0.89
1.41
1.13
5.21
6.12
1.49
0.25
-0.31
-1.06
-2.26
-2.26
Tangible Book Value per Share
0.55
0.89
1.41
1.13
5.21
6.12
1.49
0.25
-0.31
-1.06
-2.26
-2.26
Basic Weighted Avg Shares
50
50
50
50
46
50
50
50
50
61
61
61
Sales/Revenue/Turnover
114
115
189
327
360
506
260
55
106
9
12
- -
Operating Margin (%)
17.05
18.16
15.79
11.93
12.82
11.3
-49.29
-122
-45
-270.6
-141.92
- -
Depreciation Expense
- -
- -
- -
1
1
2
2
1
1
- -
- -
- -
Net Income, GAAP
17
18
24
32
38
46
-231
-71
-28
-49
-73
- -
Effective Tax Rate (%)
11.87
13.65
15.38
18.69
17.3
13.4
- -
- -
- -
- -
- -
- -
Profit Margin (%)
14.94
15.69
12.67
9.74
10.54
9.03
-88.84
-129.24
-26.25
-554.05
-594.67
- -
Working Capital
17
30
73
54
258
302
72
10
-17
-66
-138
-138
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
27
45
75
57
260
306
75
13
-16
-64
-137
-137
Return on Invested Capital (%)
- -
46.1
37.06
41.44
21.5
13.53
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
50.19
36.81
46.33
23.41
14.35
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
50.01
41.6
50.1
23.93
16.14
-121.56
-162.08
- -
- -
- -
- -

Capital Structure

MOP

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
58
- -
68
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
61
61
61
Market Capitalization
11
35
28

Working Capital

MOP

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
137
- -
97
Cash, Cash Equivalents & STI
1
- -
5
Accounts Receivable, Net
79
- -
36
Inventories
- -
- -
- -
Total Current Liabilities
202
- -
235
Payables & Accruals
- -
- -
- -
ST Debt
58
- -
68
Deferred Revenue
- -
- -
- -

Growth Rates

MOP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
51.77%
6.62%
112.63%
Free Cash Flow
2,049.84%
4,317.75%
21,903.33%
Net Income, GAAP
-50.03%
-122.34%
48.39%
Sales/Revenue/Turnover
10.2%
-17.42%
38.26%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

MOP

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
106
2024
- -
- -
9
2025
- -
- -
12

Semi-annual Earnings Per Share

MOP

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.55
2024
- -
- -
-0.81
2025
- -
- -
-1.2

Semi-annual Dividends Per Share

MOP

•

in mil. unless spec.

Year

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

Company Description

CEO
Yik Ming Yau
Full Time Employees
12
Sector
Industrial services
Industry
Engineering & construction
Address
Alameda Dr. Carlos d’Assumpcao Macau HK Macau
IPO Date
Apr 23, 2019
Website
whh.com.hk
Business
Wai Hung Group Holdings Limited is an investment holding company primarily engaged in the provision of fitting-out, repair, and maintenance services. The company operates mainly in Macau and Hong Kong, serving sectors including casinos, retail areas, hotels, restaurants, commercial, and residential properties. Its core offerings include fitting-out services covering refitting works such as demolition of original fixtures and finishes; supply and installation of building service systems, joineries, metal works, wall finishes, ceiling finishes, and floor finishes. Additionally, it provides repair and maintenance services encompassing painting, plastering, wall finishes, and touch-up work. Founded in 1996 and headquartered in Macau, Wai Hung Group operates through multiple subsidiaries and delivers its services primarily to licensed casino gaming operators and property owners in Macau, often acting as both main contractor and subcontractor. The company maintains established business relationships within Macau’s casino and property sectors and targets commercial and integrated resort properties. In the last 1-2 years, Wai Hung Group has experienced significant operational challenges including a notable decline in revenue with a sharp drop in project acquisitions amid Macau’s gaming sector downturn. The company issued profit warnings anticipating net losses for 2024. Recent corporate governance changes include board restructuring with suspension of duties for two executive directors and the appointment of Song Yanyang as an executive director as of December 2025. Wai Hung also entered a non-legally binding memorandum of understanding with Nanjing Zhongke Micropoint Group Company Limited in May 2025, signaling potential strategic collaboration. The company has also faced delays in publishing its 2024 Annual Report, now expected by early December 2025. Overall, Wai Hung Group Holdings Limited continues to focus on delivering specialized fitting-out and maintenance services predominantly in Macau’s integrated resorts and commercial properties, while navigating recent financial and governance transitions.