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Definitive Analysis

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Page: Company Financials

New Hope Service Holdings Limited

Ticker: 3658.HK | Industry: Real Estate - Services | Sector: Real Estate
$1.92 0.00 (0.00%)
As of: 2026-01-23

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Enterprise Value

Metric 2024 2023 2022 2021 2020 2019
Stock Price 1.69 1.13 1.61 2.45 3.35 3.38
Market Capitalization 1,374.05M 917.43M 1,308.44M 1,770.99M 1,943.65M 2,704.41M
(-) Cash & Equivalents 1,031.71M 1,094.52M 1,002.53M 1,089.68M 31.40M 24.67M
(+) Total Debt 62.53M 61.65M 66.83M 72.39M 26.80M 298.32M
Enterprise Value 404.87M -115.44M 372.74M 753.69M 1,939.05M 2,978.05M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Revenue 2,882M 2,261M 1,481M 1,261M 1,139M 925M 588M 381M 258M
Cost of Revenue 1,984M 1,399M 1,031M 821M 708M 548M 341M 221M 148M
Gross Profit 898M 862M 450M 440M 431M 377M 247M 160M 110M
Gross Profit Margin 31.2% 38.1% 30.4% 34.9% 37.9% 40.7% 42.1% 41.9% 42.6%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 8M 7M
SG&A Expenses 317M 342M 141M 170M 162M 176M 34M 18M 11M
Operating Expenses 322M 355M 159M 172M 184M 178M 113M 86M 57M
Operating Income (EBIT) 575M 507M 291M 268M 247M 198M 135M 73M 53M
Operating Income Margin 20.0% 22.4% 19.7% 21.3% 21.7% 21.4% 22.9% 19.2% 20.7%
Interest Income 32M 34M 14M 23M 24M 9M 43M 45M 2M
Interest Expense 0M 6M 4M 6M 3M 3M 45M 48M 2M
Net Interest Income 32M 28M 11M 17M 21M 5M -3M -3M 0M
Unusual Items -3M 6M 2M -1M -2M -2M 0M 7M -1M
EBT Excluding Unusual Items 607M 535M 302M 285M 268M 204M 132M 70M 53M
Pre-Tax Income 604M 541M 304M 284M 266M 202M 133M 77M 52M
Pre-Tax Margin 21.0% 23.9% 20.5% 22.5% 23.4% 21.9% 22.5% 20.3% 20.1%
Income Tax Expense 94M 94M 48M 43M 44M 36M 23M 13M 11M
Net Income 453M 420M 227M 215M 203M 166M 110M 64M 41M
Net Income Margin 15.7% 18.6% 15.3% 17.1% 17.8% 17.9% 18.7% 16.8% 15.9%
Depreciation & Amortization 40M 20M 10M 23M 20M 13M 8M 4M 3M
EBITDA 615M 526M 301M 291M 267M 211M 143M 77M 56M
EBITDA Margin 21.3% 23.3% 20.3% 23.1% 23.4% 22.8% 24.2% 20.3% 21.9%
NOPAT 485M 419M 245M 227M 206M 163M 112M 61M 42M
NOPAT Margin 16.8% 18.5% 16.6% 18.0% 18.1% 17.6% 19.0% 16.0% 16.4%
Owner's Earnings 461M 387M 194M 205M 177M 140M 107M 61M 31M
Owner's Earnings Margin 16.0% 17.1% 13.1% 16.3% 15.5% 15.1% 18.1% 15.9% 12.1%
EPS (Basic) 0.56 0.52 0.28 0.26 0.25 0.23 0.19 0.08 0.05
EPS (Diluted) 0.56 0.52 0.28 0.26 0.25 0.23 0.19 0.08 0.05
Shares (Basic) 814M 814M 814M 814M 814M 726M 581M 800M 800M
Shares (Diluted) 814M 814M 814M 814M 814M 726M 581M 800M 800M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Cash & Cash Equivalents 960.20M 1,057.75M 1,057.75M 1,145.27M 1,039.74M 1,105.53M 112.61M 49.35M 117.07M
Short-Term Investments 71.31M 0.00M 0.00M 0.00M 19.79M 9.58M 0.00M 0.46M 0.00M
Cash & Short-Term Investments 1,031.51M 1,057.75M 1,057.75M 1,145.27M 1,059.53M 1,115.11M 112.61M 49.81M 117.07M
Net Receivables 497.93M 448.91M 448.91M 337.80M 341.49M 212.54M 356.13M 83.13M 417.64M
Inventory 0.51M 0.48M 0.48M 0.37M 0.36M 0.27M 0.30M 0.04M 0.08M
Other Current Assets 116.93M 123.93M 123.93M 7.56M -6.34M 2.35M 0.66M 1,122.91M 0.00M
Total Current Assets 1,646.87M 1,631.07M 1,631.07M 1,490.99M 1,395.04M 1,330.27M 469.71M 1,255.89M 534.79M
Property, Plant & Equipment 28.86M 26.27M 26.27M 15.14M 13.96M 13.62M 17.10M 12.47M 7.44M
Goodwill 133.41M 133.42M 133.42M 133.42M 133.42M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 141.70M 145.80M 145.80M 137.82M 115.33M 24.84M 5.80M 4.04M 3.47M
Long-Term Investments 42.01M 17.92M 17.92M 14.58M 2.18M 1.47M 1.67M 1.79M 1.26M
Tax Assets 0.00M 0.00M 0.00M 0.00M 6.74M 2.78M 7.39M 4.63M 1.46M
Other Non-Current Assets 121.39M 130.16M 130.16M 108.54M 104.61M 96.67M 71.68M 32.27M 29.50M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 467.37M 453.57M 453.57M 409.48M 376.24M 139.38M 103.64M 55.19M 43.12M
Total Assets 2,114.24M 2,084.65M 2,084.65M 1,900.48M 1,771.28M 1,469.64M 573.35M 1,311.08M 577.91M
Accounts Payable 190.78M 213.30M 213.30M 194.68M 161.86M 71.79M 43.65M 24.45M 18.13M
Short-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.04M 75.09M 0.00M
Tax Payables 0.00M 0.00M 0.00M 31.05M 16.12M 16.59M 26.99M 14.56M 5.95M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -5.16M
Other Current Liabilities 444.51M 453.59M 453.59M 305.83M 265.89M 298.26M 239.49M 158.71M 103.64M
Total Current Liabilities 635.29M 666.89M 666.89M 531.55M 443.88M 386.63M 310.17M 272.80M 122.55M
Long-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 509.11M 0.00M
Capital Lease Obligations 29.30M 77.39M 77.39M 57.30M 65.71M 68.83M 53.60M 18.66M 21.68M
Deferred Tax Liabilities 0.00M 12.07M 12.07M 13.70M 16.29M 7.49M 2.53M 0.70M 0.00M
Other Non-Current Liabilities 11.04M 0.00M 0.00M 0.00M 16.29M 7.49M 2.53M 0.00M 0.00M
Total Non-Current Liabilities 40.33M 89.46M 89.46M 71.00M 98.28M 83.81M 58.66M 528.47M 21.68M
Total Liabilities 675.62M 756.35M 756.35M 602.55M 542.16M 470.45M 368.82M 801.27M 144.23M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 44.77M 0.00M 0.00M 0.00M 0.00M
Common Stock 6.74M 6.74M 6.74M 6.74M 6.74M 6.74M 0.00M 0.00M 0.00M
Retained Earnings 488.45M 0.00M 429.40M 370.86M 330.16M 240.84M 74.95M 360.24M 351.08M
Accumulated OCI -44.77M 1,238.91M 1,238.91M -44.77M -44.77M -44.77M 70.35M 62.99M -6.36M
Minority Interest 90.29M 82.64M 82.64M 96.03M 75.69M 1.51M 0.00M 0.00M -0.33M
Total Shareholders’ Equity 450.42M 1,245.66M 1,675.06M 332.83M 336.90M 202.81M 145.30M 423.23M 344.73M
Total Equity 540.71M 1,328.30M 1,757.70M 428.86M 412.59M 204.32M 145.30M 423.23M 344.40M
Total Liabilities & Equity 1,216.33M 2,084.65M 2,514.05M 1,031.41M 954.74M 674.77M 514.12M 1,224.51M 488.63M
Tangible Assets 1,839.12M 1,805.43M 1,805.43M 1,629.24M 1,522.53M 1,444.80M 567.55M 1,307.04M 574.44M
Tangible Equity 265.60M 1,049.08M 1,478.49M 157.63M 163.84M 179.49M 139.50M 419.20M 340.93M
Tangible Book Value 265.60M 1,049.08M 1,478.49M 157.63M 163.84M 179.49M 139.50M 419.20M 340.93M
Total Investments 113.32M 17.92M 17.92M 14.58M 21.97M 11.06M 1.67M 2.25M 1.26M
Net Debt -960.20M -1,057.75M -1,057.75M -1,145.27M -1,039.74M -1,105.53M -112.57M 534.85M -117.07M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Working Capital 965.9M 920.4M 920.4M 906.3M 874.7M 882.8M 90.5M 890.3M 342.1M
Total Capital 1,334.0M 1,323.0M 1,323.0M 1,218.0M 1,163.9M 1,021.7M 198.9M 1,026.1M 390.8M
Capital Employed 1,433.2M 1,373.9M 1,373.9M 1,315.7M 1,250.9M 1,022.2M 194.2M 945.5M 385.3M
Invested Capital 373.8M 265.3M 265.3M 72.7M 124.1M -83.9M 86.3M 976.7M 273.7M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Net Income 453.18M 482.92M 303.57M 283.93M 266.42M 202.21M 132.60M 77.16M 51.79M
Depreciation & Amortization 35.76M 30.67M 23.90M 23.17M 19.81M 12.76M 7.81M 4.20M 3.02M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -11.75M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 12.99M
Change in Working Capital -149.11M -120.67M -129.38M 82.75M -88.47M 30.00M 42.88M 43.50M 3.08M
Accounts Receivable -136.43M -135.13M -143.59M 7.16M -106.13M -29.01M -80.40M -32.41M -42.68M
Inventory -0.12M 0.21M -0.11M 0.00M 0.18M 0.03M -0.26M 0.04M 0.00M
Accounts Payable 0.00M 33.99M 0.00M 68.97M 33.99M 29.01M 80.40M 32.41M 0.00M
Other Working Capital -12.56M -19.73M 14.32M 6.62M -16.51M 29.97M 43.13M 43.46M 0.00M
Other Non-Cash Items 126.89M -87.29M -36.50M -55.07M -18.95M -8.76M -18.08M -11.90M -0.39M
Net Cash from Operating Activities 466.73M 305.63M 161.59M 334.78M 178.81M 236.22M 165.20M 112.96M 58.74M
Capital Expenditures (PPE) -31.26M -51.63M -17.75M -5.04M -46.18M -38.91M -11.00M -7.49M -12.98M
Acquisitions (Net) -9.43M -166.61M -0.40M -27.45M -148.60M 0.00M -0.52M 0.00M 0.00M
Purchases of Investments 0.00M 0.00M 0.00M -10.00M 0.00M 0.00M 0.00M 0.00M -0.03M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities -95.84M 4.73M -24.90M -6.40M 24.67M 182.98M 300.02M -717.16M -67.20M
Net Cash from Investing Activities -136.53M -213.51M -43.05M -48.88M -170.10M 144.07M 288.51M -724.66M -80.21M
Net Debt Issuance 0.00M -11.30M -20.13M -19.25M -11.30M -4.97M -50.12M 573.14M 0.00M
Long-Term Debt Issuance 0.00M -11.30M -20.13M -19.25M -11.30M -4.97M -50.12M 573.14M 0.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 763.48M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 763.48M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -301.43M -58.08M -148.98M -152.45M -58.08M -115.10M -315.71M -8.46M 0.00M
Common Dividends Paid -301.43M -58.08M -148.98M -152.45M -58.08M -115.10M -315.71M -8.46M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -110.95M -52.70M -36.94M -8.67M -5.12M -30.78M -24.61M -20.70M -2.01M
Net Cash from Financing Activities -412.38M -122.08M -206.06M -180.37M -74.50M 612.64M -390.44M 543.97M -2.01M
Effect of FX on Cash -1.39M -0.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 1,056.42M -113.71M -87.52M 105.53M -65.79M 992.92M 63.27M -67.72M -23.49M
Cash at Beginning of Period 0.00M 3,284.90M 1,145.27M 1,039.74M 1,105.53M 112.61M 49.35M 117.07M 140.55M
Cash at End of Period 1,056.42M 3,171.18M 1,057.75M 1,145.27M 1,039.74M 1,105.53M 112.61M 49.35M 117.07M
Operating Cash Flow 466.73M 305.63M 161.59M 334.78M 178.81M 236.22M 165.20M 112.96M 58.74M
Capital Expenditure -31.26M -51.63M -43.20M -32.68M -46.18M -38.91M -11.00M -7.49M -12.98M
Free Cash Flow 435.47M 254.00M 118.39M 302.10M 132.63M 197.31M 154.20M 105.47M 45.76M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
EBITDA 620.29M 539.96M 319.01M 293.65M 288.93M 213.08M 220.87M 137.85M 95.36M
(-) Tax Adjustment 96.85M 93.57M 50.12M 44.78M 47.87M 38.29M 38.02M 23.43M 19.75M
(-) Change In Working Capital -149.11M -120.67M -129.38M 82.75M -88.47M 30.00M 42.88M 43.50M 3.08M
(-) Capital Expenditure -31.26M -51.63M -43.20M -32.68M -46.18M -38.91M -11.00M -7.49M -12.98M
Unlevered Free Cash Flow 641.28M 515.42M 355.07M 133.43M 283.35M 105.88M 128.97M 63.43M 59.54M
(-) Net Interest Income After Taxes 26.89M 23.46M 9.13M 14.67M 17.60M 4.48M -2.24M -2.53M -0.25M
Net Debt Issuance 0.00M -11.30M -20.13M -19.25M -11.30M -4.97M -50.12M 573.14M 0.00M
Levered Free Cash Flow 614.38M 480.66M 325.81M 99.51M 254.44M 96.43M 81.09M 639.09M 59.79M