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Reach New Holdings Ltd

8471:HKG.HZ

Reach New Holdings Ltd

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  • Price (HKD)0.37
  • Today's Change-0.005 / -1.33%
  • Shares traded450.00k
  • 1 Year change+55.46%
  • Beta--
Data delayed at least 15 minutes, as of Nov 14 2024.
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Inc stmt in CNYIncome statement in CNYView more

Year on year Reach New Holdings Ltd's net income fell 220.84% from a loss of6.74m to a larger loss of 21.63m despite relatively flat revenues. A contributing factor has been the increase in the cost of goods sold, selling, general and administrative expenses and interest paid (all as a percent of sales).
Gross margin25.65%
Net profit margin-37.32%
Operating margin-36.95%
Return on assets-48.21%
Return on equity-64.45%
Return on investment-62.40%
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Cash flow in CNYView more

In 2023, cash reserves at Reach New Holdings Ltd fell by 15.09m. Cash Flow from Financing was negative, which signals that this company did not need to attract significant financing from outside sources. In addition the company used 13.70m for operations while cash used for investing totalled 1.03m.
Cash flow per share-0.0077
Price/Cash flow per share--
Book value per share0.0364
Tangible book value per share0.0364
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Balance sheet in CNYView more

Reach New Holdings Ltd appears to have a strong balance sheet with enough cash in the capital structure to pay down 100% of the liabilities.
Current ratio3.30
Quick ratio3.13
Total debt/total equity0.1155
Total debt/total capital0.1036
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