Equities

Cornerstone Financial Holdings Ltd

Cornerstone Financial Holdings Ltd

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Consumer DiscretionaryMedia
  • Price (HKD)0.135
  • Today's Change0.005 / 3.85%
  • Shares traded96.00k
  • 1 Year change-56.45%
  • Beta0.4284
Data delayed at least 15 minutes, as of Nov 15 2024 07:16 GMT.
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Inc stmt in HKDIncome statement in HKDView more

Year on year Cornerstone Financial Holdings Ltd had net income fall 52.06% from a loss of 31.99m to a larger loss of 48.64m despite a 4.31% increase in revenues from 55.57m to 57.96m. An increase in the selling, general and administrative costs as a percentage of sales from 119.15% to 143.13% was a component in the falling net income despite rising revenues.
Gross margin60.08%
Net profit margin-113.67%
Operating margin-108.94%
Return on assets-30.33%
Return on equity-44.63%
Return on investment-44.04%
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Cash flow in HKDView more

In 2023, cash reserves at Cornerstone Financial Holdings Ltd fell by 35.77m. However, Cash Flow from Investing totalled 200.02k, indicating this company earned more from the sale of existing assets than it spent on the purchase of new assets. In addition the company used 23.56m for operations while cash used for financing totalled 12.54m.
Cash flow per share-0.1391
Price/Cash flow per share--
Book value per share0.4718
Tangible book value per share0.4718
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Balance sheet in HKDView more

Cornerstone Financial Holdings Ltd appears to have little financial risk as the company holds a substantial amount of cash on its books. In fact, 2.70% of the market capitalization can be attributed to its 80.54m and debt could be paid in full if management chose.
Current ratio3.36
Quick ratio--
Total debt/total equity0.0938
Total debt/total capital0.0752
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