Income Statement North Asia Strategic Holdings Limited

Stocks

8080

BMG664301360

Semiconductor Equipment & Testing

Delayed Hong Kong S.E. 21:37:29 2026-09-09 EDT			5-day change	1st Jan Change
0.3750 ^HKD	-1.32%		-6.25%	-27.88%

07-24	North Asia Strategic Holdings Limited Announces Change in Address of the Registered Office	CI
06-25	North Asia Strategic Holdings Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI

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Published financial data: NORTH ASIA STRATEGIC HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Revenues	2.45B	2.27B	1.31B	1.38B	1.69B
Total Revenues	2.45B	2.27B	1.31B	1.38B	1.69B
Cost of Goods Sold, Total	2.05B	1.93B	1.1B	1.09B	1.36B
Gross Profit	396M	334M	206M	289M	325M
Selling General & Admin Expenses, Total	298M	344M	275M	287M	305M
Other Operating Expenses	-6.28M	-10M	-7.72M	-10.46M	-6.87M
Other Operating Expenses, Total	292M	334M	267M	277M	298M
Operating Income	104M	-290K	-61.22M	12.86M	26.99M
Interest Expense, Total	-2.22M	-4.29M	-3.1M	-3.41M	-2.37M
Interest And Investment Income	2.4M	6.79M	14.55M	9.29M	6.18M
Net Interest Expenses	174K	2.5M	11.45M	5.88M	3.81M
Currency Exchange Gains (Loss)	3.15M	-	-	-	-
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	108M	2.21M	-49.78M	18.74M	30.8M
Impairment of Goodwill	-	-	-	-	-4.4M
Gain (Loss) On Sale Of Investments	1.04M	2.17M	4.27M	4.26M	3.64M
Gain (Loss) On Sale Of Assets	-	173K	717K	159K	-180K
Asset Writedown	-	-	-	-18.86M	-9.85M
Other Unusual Items	-	-	-	-	-2K
EBT, Incl. Unusual Items	109M	4.55M	-44.79M	4.3M	20.01M
Income Tax Expense	28.87M	3.46M	3.94M	12.21M	9.87M
Earnings From Continuing Operations	79.79M	1.09M	-48.74M	-7.9M	10.14M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	79.79M	1.09M	-48.74M	-7.9M	10.14M
Net Income - (IS)	79.79M	1.09M	-48.74M	-7.9M	10.14M
Net Income to Common Incl Extra Items	79.79M	1.09M	-48.74M	-7.9M	10.14M
Net Income to Common Excl. Extra Items	79.79M	1.09M	-48.74M	-7.9M	10.14M
Per Share Items
Net EPS - Basic	0.22	0	-0.11	-0.02	0.02
Basic EPS - Continuing Operations	0.22	0	-0.11	-0.02	0.02
Basic Weighted Average Shares Outstanding	364M	427M	455M	455M	455M
Net EPS - Diluted	0.22	0	-0.11	-0.02	0.02
Diluted EPS - Continuing Operations	0.22	0	-0.11	-0.02	0.02
Diluted Weighted Average Shares Outstanding	364M	428M	455M	455M	455M
Normalized Basic EPS	0.18	0	-0.07	0.03	0.04
Normalized Diluted EPS	0.18	0	-0.07	0.03	0.04
Supplemental Items
EBITDA	149M	42.36M	-13.24M	62.58M	78.37M
EBITA	104M	-90K	-58.43M	15.65M	29.79M
EBIT	104M	-290K	-61.22M	12.86M	26.99M
EBITDAR	150M	42.96M	-11.9M	63.71M	79.53M
Effective Tax Rate - (Ratio)	26.57	76.09	-8.81	283.69	49.31
Current Domestic Taxes	29.23M	2.14M	4.43M	12.61M	12.01M
Total Current Taxes	29.23M	2.14M	4.43M	12.61M	12.01M
Total Deferred Taxes	-357K	1.32M	-489K	-403K	-2.14M
Normalized Net Income	67.26M	1.38M	-31.11M	11.71M	19.25M
Interest on Long-Term Debt	1.05M	3.49M	2.98M	2.64M	2.22M
Supplemental Operating Expense Items
Selling and Marketing Expenses	132M	148M	112M	122M	155M
General and Administrative Expenses	167M	196M	162M	165M	150M
Net Rental Expense, Total	1.36M	604K	1.34M	1.14M	1.16M
Imputed Operating Lease Interest Expense	454K	260K	494K	526K	500K
Imputed Operating Lease Depreciation	911K	344K	843K	609K	659K
Stock-Based Comp., Other (Total)	9.1M	961K	865K	-	-
Total Stock-Based Compensation	9.1M	961K	865K	-	-

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Assets
Cash And Equivalents	485M	425M	345M	321M	391M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	118M	124M	101M	88.84M	93.16M
Total Cash And Short Term Investments	604M	549M	447M	410M	484M
Accounts Receivable, Total	653M	430M	375M	404M	379M
Total Receivables	653M	430M	375M	404M	379M
Inventory	955M	173M	216M	258M	334M
Prepaid Expenses	154M	132M	129M	110M	105M
Other Current Assets, Total	1.28M	4.49M	2.1M	2.04M	3.47M
Total Current Assets	2.37B	1.29B	1.17B	1.18B	1.3B
Gross Property Plant And Equipment	246M	269M	194M	242M	255M
Accumulated Depreciation	-90.16M	-114M	-53.91M	-90.31M	-133M
Net Property Plant And Equipment	156M	155M	140M	152M	123M
Goodwill	374M	374M	378M	378M	374M
Other Intangibles, Total	3.5M	5.3M	20.68M	17.89M	4.7M
Accounts Receivable Long-Term	11.21M	9.74M	12M	12.22M	18.37M
Deferred Tax Assets Long-Term	2.57M	1.24M	1.3M	1.28M	1.67M
Other Long-Term Assets, Total	248M	246M	237M	212M	207M
Total Assets	3.16B	2.08B	1.96B	1.96B	2.03B
Liabilities
Accounts Payable, Total	508M	293M	267M	206M	213M
Accrued Expenses, Total	115M	77.75M	71.84M	62.89M	108M
Short-term Borrowings	-	-	-	12.56M	-
Current Portion of Long-Term Debt	13.33M	1.8M	-	-	-
Current Portion of Leases	14.57M	18.46M	20.78M	16.73M	18.62M
Current Income Taxes Payable	27.27M	15.22M	9.42M	12.67M	13.82M
Unearned Revenue Current, Total	950M	158M	156M	251M	275M
Other Current Liabilities	25.5M	25.08M	11.69M	-	-
Total Current Liabilities	1.65B	589M	537M	562M	629M
Long-Term Debt	1.94M	-	-	-	-
Long-Term Leases	56.72M	52.74M	40.63M	27.19M	13M
Unearned Revenue Non Current	2.06M	2.56M	2.91M	2.4M	2.4M
Deferred Tax Liability Non Current	-	-	2.57M	2.14M	-
Other Non Current Liabilities	177K	185K	254K	246K	378K
Total Liabilities	1.71B	645M	583M	594M	645M
Common Stock, Total	42.51M	45.45M	45.45M	45.45M	45.45M
Additional Paid In Capital	1.18B	1.18B	1.18B	1.18B	1.18B
Retained Earnings	192M	193M	144M	137M	147M
Comprehensive Income and Other	35.66M	12.91M	49K	-2.85M	12.77M
Total Common Equity	1.45B	1.44B	1.37B	1.36B	1.39B
Total Equity	1.45B	1.44B	1.37B	1.36B	1.39B
Total Liabilities And Equity	3.16B	2.08B	1.96B	1.96B	2.03B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	425M	455M	455M	455M	455M
ECS Total Common Shares Outstanding	425M	455M	455M	455M	455M
Book Value / Share	3.4	3.16	3.02	3	3.06
Tangible Book Value	1.07B	1.06B	975M	967M	1.01B
Tangible Book Value Per Share	2.52	2.32	2.15	2.13	2.22
Total Debt	86.56M	72.99M	61.41M	56.48M	31.62M
Net Debt	-517M	-476M	-385M	-354M	-452M
Debt Equivalent Oper. Leases	10.92M	4.83M	10.7M	9.08M	9.27M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	955M	173M	216M	258M	334M
Machinery, Total	159M	177M	111M	168M	194M
Full Time Employees	375	388	338	328	377
Accumulated Allowance for Doubtful Accounts (Supple)	12.68M	6.88M	7.27M	9.75M	13.03M

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Net Income	79.79M	1.09M	-48.74M	-7.9M	10.14M
Depreciation & Amortization - CF	62.45M	65.4M	66.83M	71.73M	67.78M
Amortization of Goodwill and Intangible Assets - (CF)	-	200K	2.8M	2.8M	2.8M
Depreciation & Amortization, Total	62.45M	65.6M	69.63M	74.53M	70.58M
(Gain) Loss From Sale Of Asset	153K	-173K	-717K	-159K	180K
(Gain) Loss on Sale of Investments - (CF)	-1.04M	-2.17M	-4.27M	-4.26M	-3.64M
Asset Writedown & Restructuring Costs	-	-	-	18.86M	14.25M
Provision for Credit Losses	-481K	8K	195K	8K	529K
Stock-Based Compensation (CF)	9.1M	961K	865K	-	-
Provision and Write-off of Bad Debts	2.16M	-5.8M	383K	2.48M	3.28M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-13.74M	-13.25M	-20.6M	-10.69M	-6.51M
Change In Accounts Receivable	-326M	249M	50.36M	-15.55M	27.02M
Change In Inventories	151M	776M	-45.79M	-44.01M	-80.37M
Change In Accounts Payable	-258M	-1.04B	-42.74M	14.88M	78.97M
Cash from Operations	-294M	26.14M	-41.42M	28.19M	114M
Capital Expenditure	-85.03M	-72.9M	-78.43M	-95.12M	-75.52M
Sale of Property, Plant, and Equipment	38.92M	27.02M	40.31M	27.51M	49.29M
Cash Acquisitions	-	-5.61M	-13.06M	-	-
Sale (Purchase) of Real Estate properties	-187M	-	-	-	-
Sale (Purchase) of Intangible assets	-3.5M	-2M	-	-	-
Investment in Marketable and Equity Securities, Total	607K	-2.4M	27.86M	15.54M	-
Other Investing Activities, Total	2.53M	2.74M	15.92M	9.7M	4.75M
Cash from Investing	-233M	-53.16M	-7.4M	-42.36M	-21.48M
Short Term Debt Issued, Total	-	-	-	12.56M	-
Long-Term Debt Issued, Total	21.81M	-	-	-	-
Total Debt Issued	21.81M	-	-	12.56M	-
Short Term Debt Repaid, Total	-	-	-	-	-12.56M
Long-Term Debt Repaid, Total	-30.62M	-32.55M	-22.65M	-25.01M	-19M
Total Debt Repaid	-30.62M	-32.55M	-22.65M	-25.01M	-31.56M
Issuance of Common Stock	98.72M	9.55M	-	-	-
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-2.41M	-	-	-	-
Cash from Financing	87.5M	-23M	-22.65M	-12.45M	-31.56M
Foreign Exchange Rate Adjustments	2.93M	-10.33M	-8.2M	2.58M	7.76M
Net Change in Cash	-437M	-60.34M	-79.66M	-24.04M	69.14M
Supplemental Items
Cash Interest Paid	2.22M	4.29M	3.1M	3.41M	2.37M
Cash Income Tax Paid (Refund)	39.05M	9.69M	10.24M	9.38M	10.86M
Levered Free Cash Flow	-411M	-44.7M	-82.62M	-50.52M	40.84M
Unlevered Free Cash Flow	-409M	-42.02M	-80.68M	-48.38M	42.32M
Change In Net Working Capital	458M	33.5M	34.48M	35.83M	-30.4M
Net Debt Issued / Repaid	-8.81M	-32.55M	-22.65M	-12.45M	-31.56M

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Profitability
Return on Assets	2.06	-0.01	-1.9	0.41	0.85
Return on Total Capital	4.66	-0.01	-2.6	0.56	1.19
Return On Equity %	5.93	0.08	-3.47	-0.58	0.74
Return on Common Equity	5.93	0.08	-3.47	-0.58	0.74
Margin Analysis
Gross Profit Margin %	16.21	14.74	15.75	21.04	19.25
SG&A Margin	12.21	15.19	21.03	20.87	18.05
EBITDA Margin %	6.08	1.87	-1.01	4.55	4.65
EBITA Margin %	4.27	-0	-4.48	1.14	1.77
EBIT Margin %	4.27	-0.01	-4.69	0.93	1.6
Income From Continuing Operations Margin %	3.26	0.05	-3.73	-0.57	0.6
Net Income Margin %	3.26	0.05	-3.73	-0.57	0.6
Net Avail. For Common Margin %	3.26	0.05	-3.73	-0.57	0.6
Normalized Net Income Margin	2.75	0.06	-2.38	0.85	1.14
Levered Free Cash Flow Margin	-16.8	-1.97	-6.33	-3.67	2.42
Unlevered Free Cash Flow Margin	-16.74	-1.85	-6.18	-3.52	2.51
Asset Turnover
Asset Turnover	0.77	0.86	0.65	0.7	0.85
Fixed Assets Turnover	19.73	14.57	8.85	9.43	12.3
Receivables Turnover (Average Receivables)	4.59	4.19	3.24	3.53	4.31
Inventory Turnover (Average Inventory)	1.99	3.43	5.66	4.58	4.6
Short Term Liquidity
Current Ratio	1.43	2.19	2.18	2.11	2.07
Quick Ratio	0.76	1.66	1.53	1.45	1.37
Operating Cash Flow to Current Liabilities	-0.18	0.04	-0.08	0.05	0.18
Days Sales Outstanding (Average Receivables)	79.6	87.21	112.85	103.42	84.7
Days Outstanding Inventory (Average Inventory)	183.77	106.5	64.7	79.65	79.3
Average Days Payable Outstanding	116.12	127.02	89.69	76.62	53.24
Cash Conversion Cycle (Average Days)	147.25	66.69	87.86	106.45	110.76
Long Term Solvency
Total Debt/Equity	5.98	5.09	4.47	4.14	2.28
Total Debt / Total Capital	5.64	4.84	4.28	3.98	2.23
LT Debt/Equity	4.05	3.67	2.96	1.99	0.94
Long-Term Debt / Total Capital	3.82	3.5	2.83	1.92	0.92
Total Liabilities / Total Assets	54.22	30.99	29.81	30.36	31.7
EBIT / Interest Expense	46.9	-0.07	-19.72	3.77	11.37
EBITDA / Interest Expense	74.98	15.23	2.71	25.6	41.12
(EBITDA - Capex) / Interest Expense	36.74	-1.77	-22.56	-2.27	9.29
Total Debt / EBITDA	0.52	1.12	7.3	0.65	0.32
Net Debt / EBITDA	-3.1	-7.29	-45.82	-4.05	-4.63
Total Debt / (EBITDA - Capex)	1.06	-9.62	-0.88	-7.3	1.43
Net Debt / (EBITDA - Capex)	-6.33	62.74	5.5	45.75	-20.51
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.67	-7.3	-42.41	5.35	22.66
Gross Profit, 1 Yr. Growth %	-2.73	-15.76	-38.45	40.78	12.19
EBITDA, 1 Yr. Growth %	-12.67	-71.53	-131.26	-572.64	35.74
EBITA, 1 Yr. Growth %	-28.48	-100.09	64.82K	-126.79	175.55
EBIT, 1 Yr. Growth %	-28.48	-100.28	21.01K	-121	236.83
Earnings From Cont. Operations, 1 Yr. Growth %	-41.87	-98.64	-4.58K	-83.78	-228.33
Net Income, 1 Yr. Growth %	-41.87	-98.64	-4.58K	-83.78	-228.33
Normalized Net Income, 1 Yr. Growth %	-37.72	-97.95	-2.35K	-137.64	121.68
Diluted EPS Before Extra, 1 Yr. Growth %	-56.37	-98.84	-4.31K	-83.78	-226.51
Accounts Receivable, 1 Yr. Growth %	58.07	-34.18	-12.76	7.78	-6.33
Inventory, 1 Yr. Growth %	-13.84	-81.88	24.72	19.59	29.36
Net Property, Plant and Equip., 1 Yr. Growth %	70.52	-0.85	-9.63	8.27	-19.12
Total Assets, 1 Yr. Growth %	0.01	-34.22	-5.91	0.01	3.89
Tangible Book Value, 1 Yr. Growth %	22.82	-1.3	-7.7	-0.82	4.48
Common Equity, 1 Yr. Growth %	16.25	-0.84	-4.29	-0.79	1.89
Cash From Operations, 1 Yr. Growth %	-184.48	-108.89	-258.41	-168.06	305.94
Capital Expenditures, 1 Yr. Growth %	20.05	-14.26	7.58	21.27	-20.6
Levered Free Cash Flow, 1 Yr. Growth %	-248.27	-89.12	84.84	-38.86	-176.27
Unlevered Free Cash Flow, 1 Yr. Growth %	-247.08	-89.73	92.01	-40.03	-182.32
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-10.04	-1.97	-26.93	-22.11	13.68
Gross Profit, 2 Yr. CAGR %	-0.37	-9.48	-27.99	-6.91	25.68
EBITDA, 2 Yr. CAGR %	-3.47	-50.14	-70.17	21.54	143.29
EBITA, 2 Yr. CAGR %	-13.79	-97.52	-25.15	1.22K	-28.6
EBIT, 2 Yr. CAGR %	-13.79	-95.54	-23.38	565.84	-33.6
Earnings From Cont. Operations, 2 Yr. CAGR %	-15.21	-91.1	-21.85	169.53	-54.38
Net Income, 2 Yr. CAGR %	-15.21	-91.1	-21.85	169.53	-54.38
Normalized Net Income, 2 Yr. CAGR %	-14.41	-88.69	-31.99	191.1	-21.34
Diluted EPS Before Extra, 2 Yr. CAGR %	-26.65	-92.88	-30.03	161.4	-54.7
Accounts Receivable, 2 Yr. CAGR %	5.97	2	-24.22	-3.03	0.48
Inventory, 2 Yr. CAGR %	5.92	-60.48	-52.46	22.13	24.38
Net Property, Plant and Equip., 2 Yr. CAGR %	37.95	30.03	-5.34	-1.08	-6.42
Total Assets, 2 Yr. CAGR %	6.49	-18.89	-21.33	-3	1.93
Tangible Book Value, 2 Yr. CAGR %	22.37	10.1	-4.56	-4.32	1.8
Common Equity, 2 Yr. CAGR %	15.32	7.37	-2.58	-2.55	0.54
Cash From Operations, 2 Yr. CAGR %	86.16	-72.59	-62.47	3.83	66.21
Capital Expenditures, 2 Yr. CAGR %	70.6	1.45	-3.96	14.22	-1.87
Levered Free Cash Flow, 2 Yr. CAGR %	185.88	-59.83	-55.15	6.31	-29.7
Unlevered Free Cash Flow, 2 Yr. CAGR %	180.41	-61.14	-55.6	7.31	-27.57
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.66	-9.14	-17.9	-17.45	-9.38
Gross Profit, 3 Yr. CAGR %	1.39	-5.79	-20.4	-9.96	-0.94
EBITDA, 3 Yr. CAGR %	-2.19	-35.74	-57.33	-25.08	22.76
EBITA, 3 Yr. CAGR %	-8.73	-91.38	-26.28	-46.86	591.72
EBIT, 3 Yr. CAGR %	-8.73	-87.26	-25.12	-50.23	353.18
Earnings From Cont. Operations, 3 Yr. CAGR %	-10.19	-78.6	-29.19	-53.73	110.46
Net Income, 3 Yr. CAGR %	-10.19	-78.6	-29.19	-53.73	110.46
Normalized Net Income, 3 Yr. CAGR %	-7.69	-75.31	-33.96	-44.16	140.6
Diluted EPS Before Extra, 3 Yr. CAGR %	-18.46	-81.58	-40.22	-57.02	105.23
Accounts Receivable, 3 Yr. CAGR %	5.95	-9.59	-3.18	-14.78	-4.14
Inventory, 3 Yr. CAGR %	191.88	-41.2	-42.04	-35.34	24.49
Net Property, Plant and Equip., 3 Yr. CAGR %	31.7	23.57	15.18	-1.01	-7.5
Total Assets, 3 Yr. CAGR %	20.32	-9.31	-14.78	-14.78	-0.75
Tangible Book Value, 3 Yr. CAGR %	20.28	13.91	3.82	-3.33	-1.47
Common Equity, 3 Yr. CAGR %	13.54	9.66	3.33	-1.99	-1.1
Cash From Operations, 3 Yr. CAGR %	-12.63	-32.45	-50.81	-54.23	63.57
Capital Expenditures, 3 Yr. CAGR %	10.45	35.63	3.46	3.81	1.18
Levered Free Cash Flow, 3 Yr. CAGR %	3.71	-3.83	-33.19	-50.27	-2.97
Unlevered Free Cash Flow, 3 Yr. CAGR %	3.59	-6.89	-33.82	-50.92	0.24
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.54	6.49	-11.44	-14.57	-6.48
Gross Profit, 5 Yr. CAGR %	13.59	-1.13	-11.58	-6.24	-4.45
EBITDA, 5 Yr. CAGR %	32.74	-21.18	-39.17	-17.08	-14.39
EBITA, 5 Yr. CAGR %	26.01	-76.58	-15.7	-35.51	-27.22
EBIT, 5 Yr. CAGR %	26.01	-70.41	-14.9	-38	-28.64
Earnings From Cont. Operations, 5 Yr. CAGR %	18.08	-60.15	-15.05	-41.04	-40.61
Net Income, 5 Yr. CAGR %	21.11	-60.15	-15.05	-41.04	-40.61
Normalized Net Income, 5 Yr. CAGR %	20.2	-55.76	-18.31	-33.76	-29.17
Diluted EPS Before Extra, 5 Yr. CAGR %	12.84	-63.59	-23.3	-46.77	-46.5
Accounts Receivable, 5 Yr. CAGR %	23.86	-6.56	-7.34	-7.02	-1.73
Inventory, 5 Yr. CAGR %	193.22	5.32	41.24	-21.23	-21.33
Net Property, Plant and Equip., 5 Yr. CAGR %	71.99	25.22	15.4	13.05	6
Total Assets, 5 Yr. CAGR %	20.77	3.57	1.52	-6.83	-8.45
Tangible Book Value, 5 Yr. CAGR %	17.91	13.81	9.65	6.23	3
Common Equity, 5 Yr. CAGR %	11.41	9.14	6.8	4.6	2.21
Cash From Operations, 5 Yr. CAGR %	8.37	-7.71	-37.69	-19.78	-19.95
Capital Expenditures, 5 Yr. CAGR %	59.47	5.88	4.44	26.63	1.29
Levered Free Cash Flow, 5 Yr. CAGR %	16.13	-20.26	-25.84	0.1	-31.81
Unlevered Free Cash Flow, 5 Yr. CAGR %	16.16	-21.21	-26.19	-1.45	-31.39