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The latest update is out from Top Spring International Holdings Limited ( (HK:3688) ).
Top Spring International Holdings Limited reported that its 2025 revenue edged down 0.7% to HK$1,359.7 million, as pre-sales of properties and car park units fell to HK$670.1 million amid lower gross floor area sold and slightly softer pricing. Recurring rental income from its HK$5.83 billion investment property portfolio also declined, with these assets accounting for just over half of total assets.
The group’s profitability deteriorated sharply, with gross loss margin widening to 49.9% and net loss attributable to equity holders deepening to HK$2,905.5 million, compared with HK$1,832.6 million a year earlier. Net assets per share halved, net gearing surged to 145%, and the board again withheld a final dividend, underscoring rising financial pressure and heightened risk for shareholders and creditors.
The most recent analyst rating on (HK:3688) stock is a Hold with a HK$0.36 price target. To see the full list of analyst forecasts on Top Spring International Holdings Limited stock, see the HK:3688 Stock Forecast page.
More about Top Spring International Holdings Limited
Top Spring International Holdings Limited is a Hong Kong-listed property developer and investor focused on residential and commercial real estate. Its portfolio includes shopping malls, community commercial centres, retail shops, offices and car park units, with investment properties forming a substantial portion of its asset base and recurring rental income.
Average Trading Volume: 64,737
Technical Sentiment Signal: Sell
Current Market Cap: HK$430.9M
Learn more about 3688 stock on TipRanks’ Stock Analysis page.