Cash flow Most Kwai Chung Limited

Stocks

1716

KYG629061055

Commercial Printing Services

Market Closed - Hong Kong S.E. Other stock markets 09:08:35 15/07/2026 BST			5-day change	1st Jan Change
5.840 ^HKD	-0.34%		-7.01%	+942.86%

07-07	Most Kwai Chung Seeks up to HK$229 Million via Share Placement; Shares Jump 18%	MT
06-26	Most Kwai Chung Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI

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Published financial data: MOST KWAI CHUNG LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	67.78M	39.59M	55.2M	93.59M	92.01M
Total Revenues	67.78M	39.59M	55.2M	93.59M	92.01M
Cost of Goods Sold, Total	57.84M	30.08M	35.22M	50.26M	51.06M
Gross Profit	9.93M	9.51M	19.97M	43.32M	40.95M
Selling General & Admin Expenses, Total	28.26M	25.43M	31.26M	39.63M	41.23M
Provision for Bad Debts	812K	403K	118K	312K	-983K
Other Operating Expenses	-51K	-242K	-1.08M	-373K	-1M
Other Operating Expenses, Total	29.03M	25.59M	30.29M	39.57M	39.25M
Operating Income	-19.09M	-16.08M	-10.32M	3.76M	1.7M
Interest Expense, Total	-86K	-100K	-105K	-128K	-58K
Interest And Investment Income	33K	226K	1.47M	1.23M	650K
Net Interest Expenses	-53K	126K	1.36M	1.1M	592K
Income (Loss) On Equity Invest.	756K	-4.46M	-356K	129K	-52K
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	-18.39M	-20.41M	-9.31M	4.98M	2.24M
Gain (Loss) On Sale Of Investments	-	-468K	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-500K
Other Unusual Items	-	-	-	1.5M	-
EBT, Incl. Unusual Items	-18.39M	-20.88M	-9.31M	6.48M	1.74M
Income Tax Expense	136K	-135K	-	100K	129K
Earnings From Continuing Operations	-18.52M	-20.75M	-9.31M	6.38M	1.61M
Net Income to Company	-18.52M	-20.75M	-9.31M	6.38M	1.61M
Minority Interest	2.2M	360K	97K	-258K	7K
Net Income - (IS)	-16.32M	-20.39M	-9.22M	6.13M	1.62M
Net Income to Common Incl Extra Items	-16.32M	-20.39M	-9.22M	6.13M	1.62M
Net Income to Common Excl. Extra Items	-16.32M	-20.39M	-9.22M	6.13M	1.62M
Per Share Items
Net EPS - Basic	-0.06	-0.08	-0.03	0.02	0.01
Basic EPS - Continuing Operations	-0.06	-0.08	-0.03	0.02	0.01
Basic Weighted Average Shares Outstanding	270M	270M	270M	270M	270M
Net EPS - Diluted	-0.06	-0.08	-0.03	0.02	0.01
Diluted EPS - Continuing Operations	-0.06	-0.08	-0.03	0.02	0.01
Diluted Weighted Average Shares Outstanding	270M	270M	270M	270M	270M
Normalized Basic EPS	-0.03	-0.05	-0.02	0.01	0.01
Normalized Diluted EPS	-0.03	-0.05	-0.02	0.01	0.01
Dividend Per Share	-	-	-	-	-
Payout Ratio	-56.23	-	-	-	-
Supplemental Items
EBITDA	-18.26M	-15.32M	-9.68M	4.42M	2.38M
EBITA	-19.09M	-16.08M	-10.32M	3.76M	1.7M
EBIT	-19.09M	-16.08M	-10.32M	3.76M	1.7M
EBITDAR	-18.25M	-	-9.25M	5.55M	3.24M
Effective Tax Rate - (Ratio)	-0.74	0.65	-	1.54	7.42
Current Domestic Taxes	218K	-	-	-	129K
Total Current Taxes	218K	-	-	-	129K
Deferred Domestic Taxes	-52K	-	-	-	-
Total Deferred Taxes	-52K	-	-	-	-
Normalized Net Income	-9.29M	-12.4M	-5.72M	2.86M	1.41M
Interest on Long-Term Debt	86K	100K	105K	128K	58K
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	3.83M	8.22M	11.5M	17.02M	16.05M
General and Administrative Expenses	24.43M	17.21M	19.76M	22.61M	25.19M
Net Rental Expense, Total	3K	-	427K	1.14M	866K
Imputed Operating Lease Interest Expense	1.42K	-	234K	840K	501K
Imputed Operating Lease Depreciation	1.58K	-	193K	295K	365K
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., Other (Total)	6.95M	-	-	-	-
Total Stock-Based Compensation	6.95M	-	-	-	-

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	64.31M	50.82M	42.82M	43.91M	50.18M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	64.31M	50.82M	42.82M	43.91M	50.18M
Accounts Receivable, Total	6.67M	5.25M	8.98M	16.08M	11.06M
Other Receivables	2.58M	2M	12K	71K	73K
Total Receivables	9.25M	7.26M	9M	16.15M	11.14M
Inventory	1.29M	480K	473K	469K	281K
Prepaid Expenses	1.76M	1.92M	4.48M	4.2M	2.62M
Other Current Assets, Total	-	-	-	-	937K
Total Current Assets	76.61M	60.47M	56.77M	64.74M	65.15M
Gross Property Plant And Equipment	7.98M	8.18M	9.04M	9.38M	8.78M
Accumulated Depreciation	-5.17M	-5.48M	-6.13M	-6.79M	-7.97M
Net Property Plant And Equipment	2.82M	2.69M	2.91M	2.59M	812K
Long-term Investments	8.62M	2.58M	820K	112K	-
Goodwill	-	-	-	4.19M	4.19M
Other Long-Term Assets, Total	151K	185K	456K	162K	-
Total Assets	88.2M	65.93M	60.96M	71.79M	70.15M
Liabilities
Accounts Payable, Total	723K	751K	1.42M	4.1M	2.52M
Accrued Expenses, Total	-	-	-	-	4.74M
Current Portion of Leases	733K	868K	1.14M	1.11M	391K
Current Income Taxes Payable	254K	43K	43K	43K	45K
Unearned Revenue Current, Total	2.95M	2.2M	5.64M	6.27M	6.17M
Other Current Liabilities	6M	5.08M	5.43M	6.05M	509K
Total Current Liabilities	10.67M	8.95M	13.67M	17.58M	14.36M
Long-Term Leases	455K	648K	409K	107K	-
Pension & Other Post Retirement Benefits	-	-	176K	180K	293K
Deferred Tax Liability Non Current	-	-	-	-	-
Total Liabilities	11.12M	9.6M	14.26M	17.86M	14.66M
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	-1.6M	-21.99M	-32.16M	-26.04M	-24.42M
Comprehensive Income and Other	7.95M	7.95M	7.95M	7.95M	7.95M
Total Common Equity	76.08M	55.69M	45.51M	51.64M	53.26M
Minority Interest	1M	640K	1.19M	2.29M	2.24M
Total Equity	77.08M	56.33M	46.7M	53.93M	55.5M
Total Liabilities And Equity	88.2M	65.93M	60.96M	71.79M	70.15M
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	0.28	0.21	0.17	0.19	0.2
Tangible Book Value	76.08M	55.69M	45.51M	47.45M	49.07M
Tangible Book Value Per Share	0.28	0.21	0.17	0.18	0.18
Total Debt	1.19M	1.52M	1.55M	1.21M	391K
Net Debt	-63.12M	-49.3M	-41.27M	-42.7M	-49.79M
Debt Equivalent Oper. Leases	24K	-	3.42M	9.08M	6.93M
Minority Interest, Total (Incl. Fin. Div)	1M	640K	1.19M	2.29M	2.24M
Equity Method Investments, Total	8.62M	2.58M	820K	112K	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	1.29M	480K	473K	469K	281K
Machinery, Total	4.16M	4.64M	5.07M	5.55M	5.74M
Full Time Employees	77	73	79	84	80
Part Time Employees	2	-	2	6	3
Accumulated Allowance for Doubtful Accounts (Supple)	860K	864K	977K	1.29M	306K

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	-16.32M	-20.39M	-9.22M	6.13M	1.62M
Depreciation & Amortization - CF	1.98M	1.93M	1.74M	2.53M	2.59M
Depreciation & Amortization, Total	1.98M	1.93M	1.74M	2.53M	2.59M
(Gain) Loss From Sale Of Asset	-	-	-	-	0
(Gain) Loss on Sale of Investments - (CF)	-	468K	-	-	-
Asset Writedown & Restructuring Costs	-	106K	-	-	500K
(Income) Loss On Equity Investments - (CF)	-756K	4.46M	356K	-129K	52K
Stock-Based Compensation (CF)	6.95M	-	-	-	-
Provision and Write-off of Bad Debts	812K	403K	118K	312K	-983K
Other Operating Activities, Total	-4.18M	777K	-1.42M	-2.4M	-1.11M
Change In Accounts Receivable	-916K	1.02M	-3.85M	-7.08M	6M
Change In Inventories	-817K	-87K	7K	4K	-106K
Change In Accounts Payable	107K	28K	667K	2.53M	-1.59M
Change in Unearned Revenues	-955K	-751K	3.43M	637K	-106K
Change in Other Net Operating Assets	755K	-1.11M	-1.97M	-2.1M	922K
Cash from Operations	-13.34M	-13.15M	-10.12M	444K	7.79M
Capital Expenditure	-1.39M	-522K	-825K	-778K	-205K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	1.56M	-
Divestitures	3.2M	-	1.29M	180K	70K
Investment in Marketable and Equity Securities, Total	-700K	-	-400K	-	-
Other Investing Activities, Total	2.71M	1.34M	3.28M	1.59M	650K
Cash from Investing	3.82M	814K	3.34M	2.55M	515K
Long-Term Debt Repaid, Total	-1.26M	-1.06M	-1.1M	-1.78M	-1.94M
Total Debt Repaid	-1.26M	-1.06M	-1.1M	-1.78M	-1.94M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-9.18M	-	-	-	-
Common & Preferred Stock Dividends Paid	-9.18M	-	-	-	-
Other Financing Activities, Total	-86K	-100K	-105K	-128K	-100K
Cash from Financing	-10.53M	-1.16M	-1.2M	-1.91M	-2.04M
Net Change in Cash	-20.05M	-13.49M	-7.99M	1.09M	6.26M
Supplemental Items
Cash Interest Paid	86K	100K	105K	128K	58K
Cash Income Tax Paid (Refund)	2.44M	-501K	-392K	159K	71K
Levered Free Cash Flow	-7.56M	-7.91M	-5.45M	1.09M	6.76M
Unlevered Free Cash Flow	-7.51M	-7.84M	-5.38M	1.17M	6.8M
Change In Net Working Capital	3.12M	-796K	-151K	2.93M	-3.35M
Net Debt Issued / Repaid	-1.26M	-1.06M	-1.1M	-1.78M	-1.94M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	-12.24	-13.04	-10.17	3.54	1.5
Return on Total Capital	-13.67	-14.77	-12.16	4.54	1.91
Return On Equity %	-21.58	-31.1	-18.08	12.69	2.94
Return on Common Equity	-19.13	-30.94	-18.21	12.61	3.08
Margin Analysis
Gross Profit Margin %	14.66	24.02	36.18	46.29	44.5
SG&A Margin	41.7	64.23	56.63	42.34	44.82
EBITDA Margin %	-26.94	-38.69	-17.53	4.72	2.58
EBITA Margin %	-28.17	-40.61	-18.7	4.01	1.85
EBIT Margin %	-28.17	-40.61	-18.7	4.01	1.85
Income From Continuing Operations Margin %	-27.33	-52.4	-16.87	6.82	1.75
Net Income Margin %	-24.09	-51.49	-16.7	6.55	1.76
Net Avail. For Common Margin %	-24.09	-51.49	-16.7	6.55	1.76
Normalized Net Income Margin	-13.71	-31.32	-10.37	3.05	1.53
Levered Free Cash Flow Margin	-11.16	-19.97	-9.87	1.17	7.35
Unlevered Free Cash Flow Margin	-11.08	-19.81	-9.76	1.25	7.39
Asset Turnover
Asset Turnover	0.7	0.51	0.87	1.41	1.3
Fixed Assets Turnover	24.67	14.38	19.71	34.01	54.04
Receivables Turnover (Average Receivables)	10.24	6.64	7.75	7.47	6.78
Inventory Turnover (Average Inventory)	56.85	33.99	73.92	106.72	136.16
Short Term Liquidity
Current Ratio	7.18	6.76	4.15	3.68	4.54
Quick Ratio	6.9	6.49	3.79	3.42	4.27
Operating Cash Flow to Current Liabilities	-1.25	-1.47	-0.74	0.03	0.54
Days Sales Outstanding (Average Receivables)	35.66	54.98	47.21	48.88	53.85
Days Outstanding Inventory (Average Inventory)	6.42	10.74	4.95	3.42	2.68
Average Days Payable Outstanding	4.19	9.19	11.27	20.04	23.74
Cash Conversion Cycle (Average Days)	37.89	56.52	40.89	32.26	32.79
Long Term Solvency
Total Debt/Equity	1.54	2.69	3.33	2.25	0.7
Total Debt / Total Capital	1.52	2.62	3.22	2.2	0.7
LT Debt/Equity	0.59	1.15	0.88	0.2	-
Long-Term Debt / Total Capital	0.58	1.12	0.85	0.19	-
Total Liabilities / Total Assets	12.61	14.56	23.39	24.88	20.89
EBIT / Interest Expense	-222	-160.8	-98.3	29.35	29.28
EBITDA / Interest Expense	-198.92	-141.49	-81.72	49.15	73.95
(EBITDA - Capex) / Interest Expense	-215.09	-146.71	-89.58	43.07	70.41
Total Debt / EBITDA	-0.07	-0.11	-0.18	0.19	0.09
Net Debt / EBITDA	3.69	3.48	4.81	-6.79	-11.61
Total Debt / (EBITDA - Capex)	-0.06	-0.1	-0.17	0.22	0.1
Net Debt / (EBITDA - Capex)	3.41	3.36	4.39	-7.75	-12.19
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.66	-41.58	39.41	69.56	-1.69
Gross Profit, 1 Yr. Growth %	-54.25	-4.27	110.01	116.93	-5.49
EBITDA, 1 Yr. Growth %	-362.3	-16.09	-36.84	-145.63	-46.21
EBITA, 1 Yr. Growth %	-411.25	-15.78	-35.81	-136.4	-54.8
EBIT, 1 Yr. Growth %	-411.25	-15.78	-35.81	-136.4	-54.8
Earnings From Cont. Operations, 1 Yr. Growth %	-298.28	11.99	-55.12	-168.56	-74.8
Net Income, 1 Yr. Growth %	-274.73	24.88	-54.8	-166.48	-73.62
Normalized Net Income, 1 Yr. Growth %	-249.65	33.42	-53.84	-149.93	-50.81
Diluted EPS Before Extra, 1 Yr. Growth %	-274.73	24.88	-54.8	-166.48	-73.62
Accounts Receivable, 1 Yr. Growth %	1.58	-21.26	70.99	79.02	-31.2
Inventory, 1 Yr. Growth %	73.15	-62.79	-1.46	-0.85	-40.09
Net Property, Plant and Equip., 1 Yr. Growth %	5.23	-4.51	8.22	-10.92	-68.68
Total Assets, 1 Yr. Growth %	-17.44	-25.25	-7.53	17.77	-2.29
Tangible Book Value, 1 Yr. Growth %	-19.61	-26.8	-18.27	4.26	3.41
Common Equity, 1 Yr. Growth %	-19.61	-26.8	-18.27	13.46	3.13
Cash From Operations, 1 Yr. Growth %	-179.61	-1.46	-22.98	-104.39	1.65K
Capital Expenditures, 1 Yr. Growth %	353.09	-62.47	58.05	-5.7	-73.65
Levered Free Cash Flow, 1 Yr. Growth %	-150.85	4.55	-31.08	-120.02	519.73
Unlevered Free Cash Flow, 1 Yr. Growth %	-150.28	4.47	-31.36	-121.75	480.49
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-6.13	-18.16	-9.76	53.75	29.11
Gross Profit, 2 Yr. CAGR %	-44.41	-33.82	41.79	113.44	43.18
EBITDA, 2 Yr. CAGR %	18.23	48.35	-27.2	-46.31	-50.45
EBITA, 2 Yr. CAGR %	25.8	61.91	-26.48	-51.66	-59.44
EBIT, 2 Yr. CAGR %	25.8	61.91	-26.48	-51.66	-59.44
Earnings From Cont. Operations, 2 Yr. CAGR %	17.99	49.02	-29.1	-44.53	-58.43
Net Income, 2 Yr. CAGR %	10.76	47.72	-24.87	-45.18	-58.12
Normalized Net Income, 2 Yr. CAGR %	-0.49	41.3	-21.53	-51.99	-50.44
Diluted EPS Before Extra, 2 Yr. CAGR %	10.76	47.72	-24.87	-45.18	-58.12
Accounts Receivable, 2 Yr. CAGR %	-10.07	-10.57	16.03	74.96	10.98
Inventory, 2 Yr. CAGR %	43.32	-19.73	-39.45	-1.15	-22.92
Net Property, Plant and Equip., 2 Yr. CAGR %	-12.17	0.24	1.65	-1.82	-47.19
Total Assets, 2 Yr. CAGR %	-9.02	-21.44	-16.86	4.36	7.28
Tangible Book Value, 2 Yr. CAGR %	-12	-23.29	-22.65	-7.69	3.83
Common Equity, 2 Yr. CAGR %	-12	-23.29	-22.65	-3.7	8.17
Cash From Operations, 2 Yr. CAGR %	26.45	-11.43	-12.88	-81.62	-12.31
Capital Expenditures, 2 Yr. CAGR %	244.8	30.4	-22.99	22.08	-50.15
Levered Free Cash Flow, 2 Yr. CAGR %	9.23	-27.09	-15.11	-62.85	11.39
Unlevered Free Cash Flow, 2 Yr. CAGR %	8.31	-27.52	-15.32	-61.36	12.36
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-12.3	-19.85	-2.26	11.36	32.45
Gross Profit, 3 Yr. CAGR %	-36.18	-33.37	-2.75	63.38	62.68
EBITDA, 3 Yr. CAGR %	0.94	5.46	11.6	-37.7	-46.28
EBITA, 3 Yr. CAGR %	4.28	10.06	18.94	-41.83	-52.73
EBIT, 3 Yr. CAGR %	4.28	10.06	18.94	-41.83	-52.73
Earnings From Cont. Operations, 3 Yr. CAGR %	6	15.96	-0.11	-29.89	-57.36
Net Income, 3 Yr. CAGR %	1.62	15.28	-0.46	-27.87	-57.04
Normalized Net Income, 3 Yr. CAGR %	-5.48	9.73	-2.69	-32.5	-51.6
Diluted EPS Before Extra, 3 Yr. CAGR %	1.62	15.28	-0.46	-27.87	-57.04
Accounts Receivable, 3 Yr. CAGR %	-21.49	-13.97	11	34.08	28.18
Inventory, 3 Yr. CAGR %	17.41	-8.57	-14.05	-28.63	-16.35
Net Property, Plant and Equip., 3 Yr. CAGR %	5.4	-9.69	2.83	-2.72	-32.92
Total Assets, 3 Yr. CAGR %	-8.86	-14.79	-17.06	-6.63	2.09
Tangible Book Value, 3 Yr. CAGR %	-8.4	-17.24	-21.65	-14.56	-4.13
Common Equity, 3 Yr. CAGR %	-8.4	-17.24	-21.65	-12.12	-1.48
Cash From Operations, 3 Yr. CAGR %	-6.75	16.37	-15.46	-67.83	-16.02
Capital Expenditures, 3 Yr. CAGR %	-8.62	64.62	39.03	-17.61	-26.77
Levered Free Cash Flow, 3 Yr. CAGR %	3.19	7.65	-28.44	-47.55	-5.08
Unlevered Free Cash Flow, 3 Yr. CAGR %	2.94	7.01	-28.83	-46.17	-4.66
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-6.58	-14.52	-11.29	4	9.25
Gross Profit, 5 Yr. CAGR %	-29.8	-26.56	-12.17	6.15	13.53
EBITDA, 5 Yr. CAGR %	-16.16	-11.9	-11.43	-19.5	-19.35
EBITA, 5 Yr. CAGR %	-15.18	-10.67	-9.32	-20.81	-22.65
EBIT, 5 Yr. CAGR %	-15.18	-10.67	-9.32	-20.81	-22.65
Earnings From Cont. Operations, 5 Yr. CAGR %	-12.57	24.57	-9.75	-13.66	-29.66
Net Income, 5 Yr. CAGR %	-14.75	24.13	-9.94	-14.37	-29.6
Normalized Net Income, 5 Yr. CAGR %	-19.33	-6.96	-12.26	-21.16	-25.7
Diluted EPS Before Extra, 5 Yr. CAGR %	-19.52	17.28	-9.94	-14.37	-29.6
Accounts Receivable, 5 Yr. CAGR %	-13.36	-22.55	-8.21	14.28	10.99
Inventory, 5 Yr. CAGR %	16.31	-10.93	-9.91	-5.67	-17.72
Net Property, Plant and Equip., 5 Yr. CAGR %	17.78	12.42	3.88	-6.62	-21.23
Total Assets, 5 Yr. CAGR %	16.85	-9.64	-12.15	-7.59	-8.07
Tangible Book Value, 5 Yr. CAGR %	20.19	-8.1	-14.39	-13.54	-12.31
Common Equity, 5 Yr. CAGR %	20.19	-8.1	-14.39	-12.07	-10.86
Cash From Operations, 5 Yr. CAGR %	-20.75	15.63	-9.25	-44.38	-14.21
Capital Expenditures, 5 Yr. CAGR %	16.65	-9.73	-14.66	46.07	-7.76
Levered Free Cash Flow, 5 Yr. CAGR %	-25.5	-18.12	-4.56	-29.67	-14.59
Unlevered Free Cash Flow, 5 Yr. CAGR %	-25.6	-18.25	-4.8	-28.8	-14.56