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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 margin | 60.08% |
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Net profit margin | -113.67% |
Operating margin | -108.94% |
Return on assets | -30.33% |
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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 |
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Price/Cash flow per share | -- |
Book value per share | 0.4718 |
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Tangible book value per share | 0.4718 |
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Balance sheet in HKDView more
Current ratio | 3.36 |
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Quick ratio | -- |
Total debt/total equity | 0.0938 |
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Total debt/total capital | 0.0752 |
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