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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Lee Hing Development Limited (利兴发展有限公司)

Main Activities: Management of Companies and Enterprises

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Company Information

Full name
Lee Hing Development Limited (利兴发展有限公司)

Headquarters
Suites 1506-07, 15th Floor, Nine Queen's Road Central, Hong Kong; Hong Kong; Hong Kong
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : HK0068000436
Financial Auditors: Messrs. Cheng & Cheng Limited (2013)
Total Employees: 8

Tel: (852) 2526-3271

Company Description

The principal activities are property investment, investment holding, general investment and sales and purchases of securities.

Company Analysis

According to the Consolidated - Audited financial statement for the first half of 2012, total net operating revenues increased with 80.67%, from HKD 22,501,000 to HKD 40,653,000 . The results of the period increased 2.35% reaching HKD 50,625,000 at the end of the period against HKD 49,463,000 last year. Return on equity (Net income/Total equity) went from 2.68% to 2.57%, the Return On Asset (Net income / Total Asset) went from 2.58% to 2.49% and the Net Profit Margin (Net Income/Net Sales) went from 219.83% to 124.53% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 3.47% compared to 3.86% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 19.35 to 16.75 when compared to the previous year.

Key Executives

TAN Boon Seng Chairman and Executive Director
CHAN Kai Kwok Executive Director
HO Hau Chong, Norman Independent Non-Exec Director
FUNG Ka Pun Independent Non-Exec Director
Lim Lay Leng Independent Non-Exec Director
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Balance Sheet

Total Assets

2,034,507,000

1,878,301,000

Current Assets

1,141,314,000

1,215,920,000

Total Liabilities

68,150,000

64,738,000

Shareholders Equity

1,966,357,000

1,813,563,000

Current Liabilities

68,150,000

64,738,000

* All the accounts are in HKD.
Income Statement

Total Operating Revenue

40,653,000

56,203,000

Operational Profit (Loss)

14,400,000

Net Profit (Loss)

50,625,000

12,098,000

* All the accounts are in HKD.
Ratios
Profitability Ratios

Return on Assets (ROA)

2.49%

0.64%

Annualised Return on Assets (ROA)

4.98%

0.64%

Return on Equity (ROE)

2.57%

0.67%

Annualised Return on Equity (ROE)

5.14%

0.67%

Return on Sales (ROS)

124.53%

21.53%

Return on Capital

2.57%

0.67%

Gross Profit Margin

100%

100%

Operating Profit Margin

83.92%

46.52%

Efficiency Ratios

Accounts Receivable Turnover

27.34x

63.01x

Current asset turnover

0.04x

0.05x

Fixed-asset turnover

0.50x

0.69x

Asset Turnover

0.02x

0.03x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

52,146,000

14,303,000

EBITDA

-

15,353,000

Enterprise value

263,828,568

380,099,110

Enterprise Value / EBITDA

-

-24.17

Bookvalue (BV)

1,966,357,000

1,813,563,000

Liquidity Ratios

Current Ratio

1,674.71%

1,878.22%

Quick ratio

1,674.71%

1,878.22%

Doom's day ratio

766.65%

651.69%

Leverage Ratios

Leverage ratio

103.47%

103.57%

Debt to equity

2.95%

2.8%

Debt to total assets

2.85%

2.71%

Debt / Enterprise Value

21.96%

13.12%

Market ratios

Price/Book Ratio

0

0.42

Trend Ratios

Revenue Trend

180.67%

40.85%

Net Income Trend

102.35%

7.32%

Operating Income Trend

103.57%

8.52%