Balance Sheet Most Kwai Chung Limited

Stocks

1716

KYG629061055

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Market Closed - Hong Kong S.E. Other stock markets 09:08:13 09/06/2026 BST			5-day change	1st Jan Change
6.710 ^HKD	+8.23%		-12.63%	+1,098.21%

05-06	Most Kwai Chung Limited Announces Board and Committee Changes, Effective 5 May 2026	CI
05-06	Most Kwai Chung says Luk Ka Chun resigns as executive director	RE

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Published financial data: MOST KWAI CHUNG LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	59.11M	67.78M	39.59M	55.2M	93.59M
Total Revenues	59.11M	67.78M	39.59M	55.2M	93.59M
Cost of Goods Sold, Total	37.4M	57.84M	30.08M	35.22M	50.26M
Gross Profit	21.71M	9.93M	9.51M	19.97M	43.32M
Selling General & Admin Expenses, Total	16.12M	28.26M	25.43M	31.26M	39.63M
Provision for Bad Debts	-540K	812K	403K	118K	312K
Other Operating Expenses	-	-51K	-242K	-1.08M	-373K
Other Operating Expenses, Total	15.58M	29.03M	25.59M	30.29M	39.57M
Operating Income	6.13M	-19.09M	-16.08M	-10.32M	3.76M
Interest Expense, Total	-97K	-86K	-100K	-105K	-128K
Interest And Investment Income	299K	33K	226K	1.47M	1.23M
Net Interest Expenses	202K	-53K	126K	1.36M	1.1M
Income (Loss) On Equity Invest.	3.6M	756K	-4.46M	-356K	129K
Other Non Operating Income (Expenses)	6K	-	-	-	-
EBT, Excl. Unusual Items	9.94M	-18.39M	-20.41M	-9.31M	4.98M
Gain (Loss) On Sale Of Investments	-	-	-468K	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-	-	-	1.5M
EBT, Incl. Unusual Items	9.94M	-18.39M	-20.88M	-9.31M	6.48M
Income Tax Expense	593K	136K	-135K	-	100K
Earnings From Continuing Operations	9.34M	-18.52M	-20.75M	-9.31M	6.38M
Net Income to Company	9.34M	-18.52M	-20.75M	-9.31M	6.38M
Minority Interest	-	2.2M	360K	97K	-258K
Net Income - (IS)	9.34M	-16.32M	-20.39M	-9.22M	6.13M
Net Income to Common Incl Extra Items	9.34M	-16.32M	-20.39M	-9.22M	6.13M
Net Income to Common Excl. Extra Items	9.34M	-16.32M	-20.39M	-9.22M	6.13M
Per Share Items
Net EPS - Basic	0.03	-0.06	-0.08	-0.03	0.02
Basic EPS - Continuing Operations	0.03	-0.06	-0.08	-0.03	0.02
Basic Weighted Average Shares Outstanding	270M	270M	270M	270M	270M
Net EPS - Diluted	0.03	-0.06	-0.08	-0.03	0.02
Diluted EPS - Continuing Operations	0.03	-0.06	-0.08	-0.03	0.02
Diluted Weighted Average Shares Outstanding	270M	270M	270M	270M	270M
Normalized Basic EPS	0.02	-0.03	-0.05	-0.02	0.01
Normalized Diluted EPS	0.02	-0.03	-0.05	-0.02	0.01
Dividend Per Share	0.03	-	-	-	-
Payout Ratio	138.71	-56.23	-	-	-
Supplemental Items
EBITDA	6.95M	-18.26M	-15.32M	-9.68M	4.42M
EBITA	6.13M	-19.09M	-16.08M	-10.32M	3.76M
EBIT	6.13M	-19.09M	-16.08M	-10.32M	3.76M
EBITDAR	-	-18.25M	-	-9.25M	5.55M
Effective Tax Rate - (Ratio)	5.97	-0.74	0.65	-	1.54
Current Domestic Taxes	636K	218K	-	-	-
Total Current Taxes	636K	218K	-	-	-
Deferred Domestic Taxes	-41K	-52K	-	-	-
Total Deferred Taxes	-41K	-52K	-	-	-
Normalized Net Income	6.21M	-9.29M	-12.4M	-5.72M	2.86M
Interest on Long-Term Debt	97K	86K	100K	105K	128K
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	4.01M	3.83M	8.22M	11.5M	17.02M
General and Administrative Expenses	12.12M	24.43M	17.21M	19.76M	22.61M
Net Rental Expense, Total	-	3K	-	427K	1.14M
Imputed Operating Lease Interest Expense	-	1.42K	-	234K	840K
Imputed Operating Lease Depreciation	-	1.58K	-	193K	295K
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	6.95M	-	-	-
Total Stock-Based Compensation	-	6.95M	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	84.36M	64.31M	50.82M	42.82M	43.91M
Short Term Investments	51K	-	-	-	-
Total Cash And Short Term Investments	84.41M	64.31M	50.82M	42.82M	43.91M
Accounts Receivable, Total	6.57M	6.67M	5.25M	8.98M	16.08M
Other Receivables	431K	2.58M	2M	12K	71K
Total Receivables	7M	9.25M	7.26M	9M	16.15M
Inventory	745K	1.29M	480K	473K	469K
Prepaid Expenses	1.88M	1.76M	1.92M	4.48M	4.2M
Total Current Assets	94.03M	76.61M	60.47M	56.77M	64.74M
Gross Property Plant And Equipment	7.01M	7.98M	8.18M	9.04M	9.38M
Accumulated Depreciation	-4.33M	-5.17M	-5.48M	-6.13M	-6.79M
Net Property Plant And Equipment	2.68M	2.82M	2.69M	2.91M	2.59M
Long-term Investments	9.84M	8.62M	2.58M	820K	112K
Goodwill	-	-	-	-	4.19M
Other Long-Term Assets, Total	276K	151K	185K	456K	162K
Total Assets	107M	88.2M	65.93M	60.96M	71.79M
Liabilities
Accounts Payable, Total	616K	723K	751K	1.42M	4.1M
Accrued Expenses, Total	2.14M	-	-	-	-
Current Portion of Leases	1.07M	733K	868K	1.14M	1.11M
Current Income Taxes Payable	1.96M	254K	43K	43K	43K
Unearned Revenue Current, Total	3.91M	2.95M	2.2M	5.64M	6.27M
Other Current Liabilities	1.81M	6M	5.08M	5.43M	6.05M
Total Current Liabilities	11.5M	10.67M	8.95M	13.67M	17.58M
Long-Term Leases	647K	455K	648K	409K	107K
Pension & Other Post Retirement Benefits	-	-	-	176K	180K
Deferred Tax Liability Non Current	52K	-	-	-	-
Total Liabilities	12.2M	11.12M	9.6M	14.26M	17.86M
Common Stock, Total	2.7M	2.7M	2.7M	2.7M	2.7M
Additional Paid In Capital	67.03M	67.03M	67.03M	67.03M	67.03M
Retained Earnings	23.9M	-1.6M	-21.99M	-32.16M	-26.04M
Comprehensive Income and Other	997K	7.95M	7.95M	7.95M	7.95M
Total Common Equity	94.63M	76.08M	55.69M	45.51M	51.64M
Minority Interest	-	1M	640K	1.19M	2.29M
Total Equity	94.63M	77.08M	56.33M	46.7M	53.93M
Total Liabilities And Equity	107M	88.2M	65.93M	60.96M	71.79M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	270M	270M	270M	270M	270M
ECS Total Common Shares Outstanding	270M	270M	270M	270M	270M
Book Value / Share	0.35	0.28	0.21	0.17	0.19
Tangible Book Value	94.63M	76.08M	55.69M	45.51M	47.45M
Tangible Book Value Per Share	0.35	0.28	0.21	0.17	0.18
Total Debt	1.72M	1.19M	1.52M	1.55M	1.21M
Net Debt	-82.69M	-63.12M	-49.3M	-41.27M	-42.7M
Debt Equivalent Oper. Leases	-	24K	-	3.42M	9.08M
Minority Interest, Total (Incl. Fin. Div)	-	1M	640K	1.19M	2.29M
Equity Method Investments, Total	9.84M	8.62M	2.58M	820K	112K
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	745K	1.29M	480K	473K	469K
Machinery, Total	3.62M	4.16M	4.64M	5.07M	5.55M
Full Time Employees	99	77	73	79	84
Part Time Employees	-	2	-	2	6
Accumulated Allowance for Doubtful Accounts (Supple)	914K	860K	864K	977K	1.29M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	9.34M	-16.32M	-20.39M	-9.22M	6.13M
Depreciation & Amortization - CF	2.14M	1.98M	1.93M	1.74M	2.53M
Depreciation & Amortization, Total	2.14M	1.98M	1.93M	1.74M	2.53M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	468K	-	-
Asset Writedown & Restructuring Costs	-	-	106K	-	-
(Income) Loss On Equity Investments - (CF)	-3.6M	-756K	4.46M	356K	-129K
Stock-Based Compensation (CF)	-	6.95M	-	-	-
Provision and Write-off of Bad Debts	-540K	812K	403K	118K	312K
Other Operating Activities, Total	4.45M	-4.18M	777K	-1.42M	-2.4M
Change In Accounts Receivable	2.22M	-916K	1.02M	-3.85M	-7.08M
Change In Inventories	-294K	-817K	-87K	7K	4K
Change In Accounts Payable	420K	107K	28K	667K	2.53M
Change in Unearned Revenues	2.31M	-955K	-751K	3.43M	637K
Change in Other Net Operating Assets	311K	755K	-1.11M	-1.97M	-2.1M
Cash from Operations	16.76M	-13.34M	-13.15M	-10.12M	444K
Capital Expenditure	-307K	-1.39M	-522K	-825K	-778K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	-	1.56M
Divestitures	-	3.2M	-	1.29M	180K
Investment in Marketable and Equity Securities, Total	-961K	-700K	-	-400K	-
Other Investing Activities, Total	2.51M	2.71M	1.34M	3.28M	1.59M
Cash from Investing	1.24M	3.82M	814K	3.34M	2.55M
Long-Term Debt Repaid, Total	-1.39M	-1.26M	-1.06M	-1.1M	-1.78M
Total Debt Repaid	-1.39M	-1.26M	-1.06M	-1.1M	-1.78M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-12.96M	-9.18M	-	-	-
Common & Preferred Stock Dividends Paid	-12.96M	-9.18M	-	-	-
Other Financing Activities, Total	-97K	-86K	-100K	-105K	-128K
Cash from Financing	-14.45M	-10.53M	-1.16M	-1.2M	-1.91M
Net Change in Cash	3.55M	-20.05M	-13.49M	-7.99M	1.09M
Supplemental Items
Cash Interest Paid	97K	86K	100K	105K	128K
Cash Income Tax Paid (Refund)	-3.88M	2.44M	-501K	-392K	159K
Levered Free Cash Flow	14.92M	-7.56M	-7.91M	-5.45M	1.09M
Unlevered Free Cash Flow	14.98M	-7.51M	-7.84M	-5.38M	1.17M
Change In Net Working Capital	-9.32M	3.12M	-796K	-151K	2.93M
Net Debt Issued / Repaid	-1.39M	-1.26M	-1.06M	-1.1M	-1.78M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.59	-12.24	-13.04	-10.17	3.54
Return on Total Capital	3.89	-13.67	-14.77	-12.16	4.54
Return On Equity %	9.69	-21.58	-31.1	-18.08	12.69
Return on Common Equity	9.69	-19.13	-30.94	-18.21	12.61
Margin Analysis
Gross Profit Margin %	36.73	14.66	24.02	36.18	46.29
SG&A Margin	27.28	41.7	64.23	56.63	42.34
EBITDA Margin %	11.76	-26.94	-38.69	-17.53	4.72
EBITA Margin %	10.37	-28.17	-40.61	-18.7	4.01
EBIT Margin %	10.37	-28.17	-40.61	-18.7	4.01
Income From Continuing Operations Margin %	15.81	-27.33	-52.4	-16.87	6.82
Net Income Margin %	15.81	-24.09	-51.49	-16.7	6.55
Net Avail. For Common Margin %	15.81	-24.09	-51.49	-16.7	6.55
Normalized Net Income Margin	10.51	-13.71	-31.32	-10.37	3.05
Levered Free Cash Flow Margin	25.24	-11.16	-19.97	-9.87	1.17
Unlevered Free Cash Flow Margin	25.35	-11.08	-19.81	-9.76	1.25
Asset Turnover
Asset Turnover	0.55	0.7	0.51	0.87	1.41
Fixed Assets Turnover	18.68	24.67	14.38	19.71	34.01
Receivables Turnover (Average Receivables)	7.98	10.24	6.64	7.75	7.47
Inventory Turnover (Average Inventory)	54.47	56.85	33.99	73.92	106.72
Short Term Liquidity
Current Ratio	8.18	7.18	6.76	4.15	3.68
Quick Ratio	7.95	6.9	6.49	3.79	3.42
Operating Cash Flow to Current Liabilities	1.46	-1.25	-1.47	-0.74	0.03
Days Sales Outstanding (Average Receivables)	45.76	35.66	54.98	47.21	48.88
Days Outstanding Inventory (Average Inventory)	6.7	6.42	10.74	4.95	3.42
Average Days Payable Outstanding	3.95	4.19	9.19	11.27	20.04
Cash Conversion Cycle (Average Days)	48.51	37.89	56.52	40.89	32.26
Long Term Solvency
Total Debt/Equity	1.81	1.54	2.69	3.33	2.25
Total Debt / Total Capital	1.78	1.52	2.62	3.22	2.2
LT Debt/Equity	0.68	0.59	1.15	0.88	0.2
Long-Term Debt / Total Capital	0.67	0.58	1.12	0.85	0.19
Total Liabilities / Total Assets	11.42	12.61	14.56	23.39	24.88
EBIT / Interest Expense	63.18	-222	-160.8	-98.3	29.35
EBITDA / Interest Expense	85.19	-198.92	-141.49	-81.72	49.15
(EBITDA - Capex) / Interest Expense	82.02	-215.09	-146.71	-89.58	43.07
Total Debt / EBITDA	0.21	-0.07	-0.11	-0.18	0.19
Net Debt / EBITDA	-10.01	3.69	3.48	4.81	-6.79
Total Debt / (EBITDA - Capex)	0.22	-0.06	-0.1	-0.17	0.22
Net Debt / (EBITDA - Capex)	-10.39	3.41	3.36	4.39	-7.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-23.14	14.66	-41.58	39.41	69.56
Gross Profit, 1 Yr. Growth %	-32.47	-54.25	-4.27	110.01	116.93
EBITDA, 1 Yr. Growth %	-46.75	-362.3	-16.09	-36.84	-145.63
EBITA, 1 Yr. Growth %	-49.2	-411.25	-15.78	-35.81	-136.4
EBIT, 1 Yr. Growth %	-49.2	-411.25	-15.78	-35.81	-136.4
Earnings From Cont. Operations, 1 Yr. Growth %	-29.79	-298.28	11.99	-55.12	-168.56
Net Income, 1 Yr. Growth %	-29.79	-274.73	24.88	-54.8	-166.48
Normalized Net Income, 1 Yr. Growth %	-33.83	-249.65	33.42	-53.84	-149.93
Diluted EPS Before Extra, 1 Yr. Growth %	-29.79	-274.73	24.88	-54.8	-166.48
Accounts Receivable, 1 Yr. Growth %	-20.4	1.58	-21.26	70.99	79.02
Inventory, 1 Yr. Growth %	18.63	73.15	-62.79	-1.46	-0.85
Net Property, Plant and Equip., 1 Yr. Growth %	-26.7	5.23	-4.51	8.22	-10.92
Total Assets, 1 Yr. Growth %	0.26	-17.44	-25.25	-7.53	17.77
Tangible Book Value, 1 Yr. Growth %	-3.68	-19.61	-26.8	-18.27	4.26
Common Equity, 1 Yr. Growth %	-3.68	-19.61	-26.8	-18.27	13.46
Cash From Operations, 1 Yr. Growth %	100.86	-179.61	-1.46	-22.98	-104.39
Capital Expenditures, 1 Yr. Growth %	162.39	353.09	-62.47	58.05	-5.7
Levered Free Cash Flow, 1 Yr. Growth %	135.37	-150.85	4.55	-31.08	-120.02
Unlevered Free Cash Flow, 1 Yr. Growth %	134.04	-150.28	4.47	-31.36	-121.75
Dividend Per Share, 1 Yr. Growth %	-29.17	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-23.3	-6.13	-18.16	-9.76	53.75
Gross Profit, 2 Yr. CAGR %	-24.62	-44.41	-33.82	41.79	113.44
EBITDA, 2 Yr. CAGR %	-37.41	18.23	48.35	-27.2	-46.31
EBITA, 2 Yr. CAGR %	-39.67	25.8	61.91	-26.48	-51.66
EBIT, 2 Yr. CAGR %	-39.67	25.8	61.91	-26.48	-51.66
Earnings From Cont. Operations, 2 Yr. CAGR %	-22.5	17.99	49.02	-29.1	-44.53
Net Income, 2 Yr. CAGR %	-22.5	10.76	47.72	-24.87	-45.18
Normalized Net Income, 2 Yr. CAGR %	-24.88	-0.49	41.3	-21.53	-51.99
Diluted EPS Before Extra, 2 Yr. CAGR %	-22.5	10.76	47.72	-24.87	-45.18
Accounts Receivable, 2 Yr. CAGR %	-30.98	-10.07	-10.57	16.03	74.96
Inventory, 2 Yr. CAGR %	-3.32	43.32	-19.73	-39.45	-1.15
Net Property, Plant and Equip., 2 Yr. CAGR %	5.48	-12.17	0.24	1.65	-1.82
Total Assets, 2 Yr. CAGR %	-4.25	-9.02	-21.44	-16.86	4.36
Tangible Book Value, 2 Yr. CAGR %	-2.22	-12	-23.29	-22.65	-7.69
Common Equity, 2 Yr. CAGR %	-2.22	-12	-23.29	-22.65	-3.7
Cash From Operations, 2 Yr. CAGR %	0.92	26.45	-11.43	-12.88	-81.62
Capital Expenditures, 2 Yr. CAGR %	-58.96	244.8	30.4	-22.99	22.08
Levered Free Cash Flow, 2 Yr. CAGR %	47.22	9.23	-27.09	-15.11	-62.85
Unlevered Free Cash Flow, 2 Yr. CAGR %	47.52	8.31	-27.52	-15.32	-61.36
Dividend Per Share, 2 Yr. CAGR %	-19.14	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-12	-12.3	-19.85	-2.26	11.36
Gross Profit, 3 Yr. CAGR %	-21.29	-36.18	-33.37	-2.75	63.38
EBITDA, 3 Yr. CAGR %	-37.78	0.94	5.46	11.6	-37.7
EBITA, 3 Yr. CAGR %	-39.92	4.28	10.06	18.94	-41.83
EBIT, 3 Yr. CAGR %	-39.92	4.28	10.06	18.94	-41.83
Earnings From Cont. Operations, 3 Yr. CAGR %	10.54	6	15.96	-0.11	-29.89
Net Income, 3 Yr. CAGR %	10.54	1.62	15.28	-0.46	-27.87
Normalized Net Income, 3 Yr. CAGR %	-29.58	-5.48	9.73	-2.69	-32.5
Diluted EPS Before Extra, 3 Yr. CAGR %	0.56	1.62	15.28	-0.46	-27.87
Accounts Receivable, 3 Yr. CAGR %	-29.64	-21.49	-13.97	11	34.08
Inventory, 3 Yr. CAGR %	-4.52	17.41	-8.57	-14.05	-28.63
Net Property, Plant and Equip., 3 Yr. CAGR %	21.35	5.4	-9.69	2.83	-2.72
Total Assets, 3 Yr. CAGR %	-0.81	-8.86	-14.79	-17.06	-6.63
Tangible Book Value, 3 Yr. CAGR %	3.65	-8.4	-17.24	-21.65	-14.56
Common Equity, 3 Yr. CAGR %	3.65	-8.4	-17.24	-21.65	-12.12
Cash From Operations, 3 Yr. CAGR %	38.11	-6.75	16.37	-15.46	-67.83
Capital Expenditures, 3 Yr. CAGR %	-29.36	-8.62	64.62	39.03	-17.61
Levered Free Cash Flow, 3 Yr. CAGR %	-11.44	3.19	7.65	-28.44	-47.55
Unlevered Free Cash Flow, 3 Yr. CAGR %	-11.32	2.94	7.01	-28.83	-46.17
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.52	-6.58	-14.52	-11.29	4
Gross Profit, 5 Yr. CAGR %	-9.78	-29.8	-26.56	-12.17	6.15
EBITDA, 5 Yr. CAGR %	-23.83	-16.16	-11.9	-11.43	-19.5
EBITA, 5 Yr. CAGR %	-25.5	-15.18	-10.67	-9.32	-20.81
EBIT, 5 Yr. CAGR %	-25.5	-15.18	-10.67	-9.32	-20.81
Earnings From Cont. Operations, 5 Yr. CAGR %	-16.04	-12.57	24.57	-9.75	-13.66
Net Income, 5 Yr. CAGR %	-16.04	-14.75	24.13	-9.94	-14.37
Normalized Net Income, 5 Yr. CAGR %	-17.96	-19.33	-6.96	-12.26	-21.16
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-19.52	17.28	-9.94	-14.37
Accounts Receivable, 5 Yr. CAGR %	-17.18	-13.36	-22.55	-8.21	14.28
Inventory, 5 Yr. CAGR %	-5.47	16.31	-10.93	-9.91	-5.67
Net Property, Plant and Equip., 5 Yr. CAGR %	16.98	17.78	12.42	3.88	-6.62
Total Assets, 5 Yr. CAGR %	24.44	16.85	-9.64	-12.15	-7.59
Tangible Book Value, 5 Yr. CAGR %	26.63	20.19	-8.1	-14.39	-13.54
Common Equity, 5 Yr. CAGR %	26.63	20.19	-8.1	-14.39	-12.07
Cash From Operations, 5 Yr. CAGR %	2.18	-20.75	15.63	-9.25	-44.38
Capital Expenditures, 5 Yr. CAGR %	-19.97	16.65	-9.73	-14.66	46.07
Levered Free Cash Flow, 5 Yr. CAGR %	11.92	-25.5	-18.12	-4.56	-29.67
Unlevered Free Cash Flow, 5 Yr. CAGR %	12.01	-25.6	-18.25	-4.8	-28.8