1. Hong Kong Stocks

  2. •

    Distribution services

  3. •

    Electronics distributors
Telecom Service One Holdings Ltd.

Telecom Service One Holdings Ltd.

HHKEX:3997
1.11
HKD
+0.06
(+5.71%)
431.03MMarket 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
0.88
1.05
1.02
0.87
0.78
0.51
0.35
0.3
0.27
0.4
0.42
0.34
0.39
- -
Basic EPS, GAAP
0.13
0.2
0.19
0.19
0.2
0.07
0.02
0.07
-0.01
-0.06
-0.07
-0.1
-0.04
- -
Free Cash Flow per Basic Share
0.09
0.26
0.19
0.2
0.25
0.07
0.07
0.05
-0.26
-0.01
-0.01
-0.01
0.07
- -
Dividend per Share
- -
0.35
0.2
0.05
0.05
0.09
0.06
0.08
0.06
- -
- -
0.02
0.02
- -
Book Value per Share
0.61
0.46
0.45
0.66
0.8
0.79
0.75
0.75
0.68
0.62
0.55
0.42
0.36
0.77
Tangible Book Value per Share
0.61
0.46
0.45
0.66
0.8
0.79
0.75
0.75
0.68
0.62
0.55
0.42
0.36
0.77
Basic Weighted Avg Shares
108
120
120
122
128
128
128
128
128
128
128
128
128
128
Sales/Revenue/Turnover
94
126
122
105
99
66
44
38
35
51
54
44
50
- -
Operating Margin (%)
33.8
35.1
33.41
24.82
25.15
11.59
1.33
12.48
-5.29
-9.14
-13.54
-32.46
-1.98
- -
Depreciation Expense
4
4
3
2
1
1
- -
1
5
7
7
6
5
- -
Net Income, GAAP
14
24
22
23
25
9
3
10
-1
-7
-9
-13
-6
- -
Effective Tax Rate (%)
20.9
17.64
16.85
17.31
14.41
15.32
10.24
2.34
- -
- -
- -
- -
- -
- -
Profit Margin (%)
15.21
19.36
18.27
21.48
25.45
14.25
5.66
24.96
-2.9
-13.85
-16.87
-30.31
-11.25
- -
Working Capital
66
50
50
80
101
100
95
94
25
27
19
12
13
96
LT Debt
- -
- -
- -
- -
- -
- -
1
1
1
- -
2
- -
1
- -
Total Equity
73
55
54
84
103
101
96
96
87
80
71
54
46
98
Return on Invested Capital (%)
25.41
33.42
31.06
28.82
22.7
6.35
0.53
4.79
- -
- -
- -
- -
- -
- -
Return on Capital (%)
26
34.23
31.42
28.83
26.85
9.21
2.52
9.86
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
27.1
38.32
40.97
32.83
27.04
9.21
2.54
9.97
-1.1
-8.5
-12.17
-21.42
-11.12
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'18
Mar'18
Sep'19
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
128
128
128
Market Capitalization
276
282
431

Working Capital

HKD

•

in mil. unless spec.
Dec'18
Mar'18
Sep'19
Total Current Assets
- -
108
102
Cash, Cash Equivalents & STI
- -
78
86
Accounts Receivable, Net
- -
13
8
Inventories
- -
2
1
Total Current Liabilities
- -
8
5
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.38%
-13.36%
-14.97%
Free Cash Flow
-185.69%
-356.89%
-1,011.02%
Net Income, GAAP
67.14%
102.57%
-58.22%
Sales/Revenue/Turnover
-6.14%
7.64%
12.59%
Total Cash Common Dividend
- -
- -
-0.04%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
54
2025
- -
- -
44
2026
- -
- -
50

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.07
2025
- -
- -
-0.1
2026
- -
- -
-0.04

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
0.02
2026
- -
- -
0.02

Company Description

Company Profile APIChatGPT
CEO
King Fung Cheung
Full Time Employees
80
Sector
Distribution services
Industry
Electronics distributors
Address
Sunshine Kowloon Bay Cargo Centre Hong Kong Hong Kong
IPO Date
May 30, 2013
Website
tso.cc
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Business
Telecom Service One Holdings Limited is a Hong Kong-based investment holding company principally engaged in providing repair and refurbishment services for mobile phones and other personal electronic products. Its core offerings include repair and refurbishment services for mobile phones, pagers, personal computers, and other consumer electronic devices; sales of related accessories; and supportive services to corporate customers, telecommunication service providers, and global service companies. The company operates mainly in Hong Kong with additional presence in the People's Republic of China and Macau. Founded in 1987 and headquartered in Kowloon Bay, Hong Kong, Telecom Service One Holdings Limited has grown its technical and customer service workforce to over 200 employees across Hong Kong and Taiwan. It functions through subsidiaries such as TSO BVI, Telecom Service One Limited, TSO TW, and Telecom Service One (Macau) Limited, with a focus on delivering high-quality customer satisfaction in its after-sales service business. Recent major changes include continued strategic efforts to expand service capabilities and operational efficiency, though the company has reported widened fiscal losses and decreased revenue in 2025 reflecting challenging market conditions. Despite these headwinds, Telecom Service One maintains its position as an authorized service provider for a broad range of mobile and electronic brands, leveraging its extensive repair infrastructure including a warehouse and service center exceeding 20,000 square feet to safeguard quality and security. The company continues to focus on maintaining and growing its client base among manufacturers, telecommunication providers, and service companies in the consumer electronics aftermarket. Overall, Telecom Service One Holdings Limited operates primarily within the telecommunications and consumer electronics service sector, targeting manufacturers, telecom operators, and service companies for mobile and personal electronic device repair, refurbishment, and accessories sales across key Asian markets from its established Hong Kong hub. This positions the company to leverage growing demand for post-sales mobile device support in the region.