1. Hong Kong Stocks

  2. •

    Finance

  3. •

    Real estate development
Soundwill Holdings Limited

Soundwill Holdings Limited

5.85
HKD
-0.04
(-0.68%)
1.78BMarket Cap
2013 Y
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
2.14
10.44
1.9
5.74
7.85
3.46
2.59
2.44
2.01
1.69
1.4
4.34
1.26
- -
Basic EPS, GAAP
4.77
5.77
-0.18
9.97
4.24
2.37
0.77
-0.66
-2.85
-0.95
-2.28
-8.8
-7.54
- -
Free Cash Flow per Basic Share
2.97
5.83
-2.84
4.27
4.18
1.52
1.16
0.92
1.35
0.36
0.03
2.42
0.58
- -
Dividend per Share
0.2
0.2
0.3
0.2
1.2
0.2
0.2
0.2
0.2
0.2
0.2
1
- -
- -
Book Value per Share
52.69
57.75
56.96
66.96
70.09
72.15
72.68
71.9
68.92
67.68
65.15
55.33
47.83
47.83
Tangible Book Value per Share
52.69
57.75
56.96
66.96
70.09
72.15
72.68
71.9
68.92
67.68
65.15
55.33
47.83
47.83
Basic Weighted Avg Shares
281
281
284
283
283
283
283
283
283
283
283
283
283
283
Sales/Revenue/Turnover
601
2,937
540
1,628
2,225
980
734
690
569
478
396
1,230
358
- -
Operating Margin (%)
27.59
36.31
54.24
31.92
33.24
58.62
55.9
61.94
58.28
58.77
58.44
40.29
53.67
- -
Depreciation Expense
9
6
5
2
3
4
9
18
19
13
7
4
2
- -
Net Income, GAAP
1,340
1,625
-53
2,825
1,201
672
218
-186
-808
-268
-647
-2,492
-2,135
- -
Effective Tax Rate (%)
3.47
8.69
291.1
7.81
7.77
7.57
20.08
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
223.16
55.33
-9.73
173.52
53.97
68.5
29.68
-26.92
-142.02
-56.06
-163.3
-202.63
-595.97
- -
Working Capital
-1,644
745
862
1,220
285
389
1,089
1,365
143
1,465
1,210
662
1,677
1,677
LT Debt
- -
24
- -
- -
- -
495
1,738
1,679
491
1,717
953
493
1,276
1,276
Total Equity
15,037
16,663
16,531
19,003
19,894
20,456
20,606
20,387
19,542
19,176
18,460
15,677
13,551
13,551
Return on Invested Capital (%)
0.99
5.29
-3.45
2.31
2.99
3.41
1.44
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
7.78
8.73
-0.72
14.32
5.81
3.28
1.19
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
9.46
10.42
-0.32
16.04
6.18
3.33
1.06
-0.91
-4.05
-1.39
-3.44
-14.6
-14.61
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
907
453
78
LT Borrowings
469
912
1,262
LT Finance Leases
24
18
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
283
283
283
Market Capitalization
1,536
1,660
1,782

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
2,331
2,393
2,483
Cash, Cash Equivalents & STI
1,151
1,219
1,339
Accounts Receivable, Net
49
54
38
Inventories
1,018
1,019
1,017
Total Current Liabilities
1,670
1,203
806
Payables & Accruals
- -
- -
- -
ST Debt
907
453
78
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.63%
-7.68%
-13.56%
Free Cash Flow
686.6%
1,445.18%
-76.15%
Net Income, GAAP
-514.41%
136.04%
-14.32%
Sales/Revenue/Turnover
23.99%
17.8%
-70.87%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
396
2024
- -
- -
1,230
2025
- -
- -
358

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-2.28
2024
- -
- -
-8.8
2025
- -
- -
-7.54

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.2
2024
- -
- -
1
2025
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hing Tat Chan
Full Time Employees
488
Sector
Finance
Industry
Real estate development
Address
Soundwill Plaza Hong Kong Hong Kong
IPO Date
Mar 21, 1997
Website
soundwill.com.hk
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Business
Soundwill Holdings Limited, an investment holding company principally engaged in property development, leasing and management services, operates primarily in Hong Kong and the People's Republic of China. Founded in 1978 and listed on The Stock Exchange of Hong Kong since 1997 (stock code: 878), the company is headquartered in Causeway Bay, Hong Kong, and functions as a subsidiary of Ko Bee Limited. It develops medium- to high-end commercial, residential and industrial properties; leases commercial, office, residential buildings, advertising spaces and mini-storage facilities through its wholly-owned subsidiary One Storage Management Company Limited; provides building management, property repairs, maintenance and facilities services via Goldwell Property Management Limited; and undertakes urban redevelopment and property assembly projects, including ongoing initiatives such as the Yiu Wa Street Project, Wah Sing Street Project and Haven Street Project. The company also operates Soundwill Club, a membership rewards programme offering shopping discounts and promotional campaigns across its properties, and maintains a mainland China presence through Soundwill Real Estate (China) Ltd., focusing on completed developments like Grand Capital in Zhuhai and Lakeview Bay- VOGUE in Zhaoqing. For the year ended 31 December 2024, the company reported revenue of HK$1,230 million, driven primarily by sales completions from its iCITY industrial project in Hong Kong, alongside rental income from key properties including Soundwill Plaza, Soundwill Plaza II — Midtown, 10 Knutsford Terrace, Kai Kwong Commercial Building and The Sharp; it expanded mini-storage operations with new branches in Tai Po, Kwai Chung and San Po Kong, achieving an overall occupancy rate of 80% and introducing an onsite mini-box service with over 60% occupancy. Recent developments include a net fair value loss on investment properties of HK$2,901 million as of 31 December 2024 amid challenging market conditions, no proposed final dividend for 2024 following special dividends in prior years, a cautious approach to capital allocation for property assembly amid economic volatility, and a joint announcement in 2025 regarding a proposed privatisation by Earning Ease Limited via a scheme of arrangement under Section 99 of the Companies Act, alongside plans for withdrawal of listing.