
Sa Sa International Holdings Limited
HKEX:0178.HK
0.62 (HKD) • At close September 3, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) HKD.
2024 Q4 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 | 2018 Q4 | 2018 Q2 | 2017 Q4 | 2017 Q2 | 2016 Q4 | 2016 Q2 | 2015 Q4 | 2015 Q2 | 2014 Q4 | 2014 Q2 | 2013 Q4 | 2013 Q2 | 2012 Q4 | 2012 Q2 | 2011 Q4 | 2011 Q2 | 2010 Q4 | 2010 Q2 | 2009 Q4 | 2009 Q2 | 2008 Q4 | 2008 Q2 | 2007 Q4 | 2007 Q2 | 2006 Q4 | 2006 Q2 | 2005 Q4 | 2005 Q2 | 2004 Q4 | 2004 Q2 | 2003 Q4 | 2003 Q2 | 2002 Q4 | 2002 Q2 | 2001 Q4 | 2001 Q2 | |
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Revenue
| 2,021.161 | 1,920.543 | 2,223.061 | 2,144.435 | 1,950.032 | 1,550.493 | 1,815.493 | 1,597.234 | 1,756.901 | 1,286.128 | 2,322.619 | 3,494.127 | 4,009.377 | 4,147.22 | 4,450.63 | 3,566.983 | 4,118.154 | 3,602.117 | 4,013.304 | 3,777.94 | 4,766.833 | 4,226.004 | 4,856.98 | 3,899.125 | 4,292.333 | 3,202.561 | 3,202.561 | 2,450.682 | 2,450.682 | 2,055.673 | 2,055.673 | 1,804.495 | 1,804.495 | 1,610.715 | 1,610.715 | 1,444.619 | 1,444.619 | 1,310.293 | 1,310.293 | 1,156.853 | 1,156.853 | 941.667 | 941.667 | 820.693 | 820.693 | 768.706 | 768.706 | 768.706 |
Cost of Revenue
| 1,409.262 | 1,164.078 | 1,320.182 | 1,447.707 | 1,299.724 | 1,138.545 | 1,310.445 | 1,197.801 | 1,362 | 1,144.32 | 1,521.313 | 2,226.934 | 2,360.985 | 2,478.982 | 2,591.175 | 2,052.572 | 2,433.302 | 2,097.055 | 2,262.141 | 2,156.275 | 2,614.461 | 2,339.129 | 2,614.734 | 2,068.384 | 2,277.603 | 1,754.22 | 1,754.22 | 1,344.742 | 1,344.742 | 1,148.241 | 1,148.241 | 1,016.062 | 1,016.062 | 915.975 | 915.975 | 808.545 | 808.545 | 737.748 | 737.748 | 660.909 | 660.909 | 539.51 | 539.51 | 456.055 | 456.055 | 437.693 | 437.693 | 437.693 |
Gross Profit
| 611.899 | 756.465 | 902.879 | 696.728 | 650.308 | 411.948 | 505.048 | 399.433 | 394.901 | 141.808 | 801.306 | 1,267.193 | 1,648.392 | 1,668.238 | 1,859.455 | 1,514.411 | 1,684.852 | 1,505.062 | 1,751.163 | 1,621.665 | 2,152.372 | 1,886.875 | 2,242.246 | 1,830.741 | 2,014.73 | 1,448.341 | 1,448.341 | 1,105.94 | 1,105.94 | 907.432 | 907.432 | 788.433 | 788.433 | 694.74 | 694.74 | 636.074 | 636.074 | 572.546 | 572.546 | 495.945 | 495.945 | 402.157 | 402.157 | 364.638 | 364.638 | 331.013 | 331.013 | 331.013 |
Gross Profit Ratio
| 0.303 | 0.394 | 0.406 | 0.325 | 0.333 | 0.266 | 0.278 | 0.25 | 0.225 | 0.11 | 0.345 | 0.363 | 0.411 | 0.402 | 0.418 | 0.425 | 0.409 | 0.418 | 0.436 | 0.429 | 0.452 | 0.446 | 0.462 | 0.47 | 0.469 | 0.452 | 0.452 | 0.451 | 0.451 | 0.441 | 0.441 | 0.437 | 0.437 | 0.431 | 0.431 | 0.44 | 0.44 | 0.437 | 0.437 | 0.429 | 0.429 | 0.427 | 0.427 | 0.444 | 0.444 | 0.431 | 0.431 | 0.431 |
Reseach & Development Expenses
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
General & Administrative Expenses
| 124.513 | 111.084 | 112.533 | 115.289 | 120.919 | 123.914 | 127.689 | 121.6 | 96.199 | 112.334 | 133.019 | 145.849 | 145.414 | 163.741 | 165.309 | 150.165 | 0 | 161.912 | 164.886 | 176.808 | 165.774 | 184.183 | 173.591 | 167.618 | 137.917 | 103.737 | 103.737 | 90.718 | 90.718 | 83.151 | 83.151 | 85.291 | 85.291 | 72.585 | 72.585 | 71.509 | 71.509 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling & Marketing Expenses
| 643.791 | 614.164 | 657.221 | 643.996 | 613.252 | 626.354 | 688.334 | 670.096 | 707.598 | 705.139 | 983.168 | 1,188.1 | 1,223.406 | 1,317.679 | 1,340.338 | 1,261.354 | 0 | 1,270.497 | 1,368.511 | 1,305.118 | 1,429.856 | 1,352.524 | 1,427.5 | 1,288.06 | 1,264.182 | 950.344 | 950.344 | 731.869 | 731.869 | 607.363 | 607.363 | 532.157 | 532.157 | 472.513 | 472.513 | 461.585 | 461.585 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SG&A
| 565.946 | 725.248 | 769.754 | 575.537 | 569.245 | 576.09 | 647.043 | 604.611 | 565.783 | 540.365 | 1,095.726 | 1,332.437 | 1,368.82 | 1,481.42 | 1,505.647 | 1,411.519 | 1,458.306 | 1,432.409 | 1,533.397 | 1,481.926 | 1,595.63 | 1,536.707 | 1,601.091 | 1,455.678 | 1,402.099 | 1,054.081 | 1,054.081 | 822.586 | 822.586 | 690.514 | 690.514 | 617.448 | 617.448 | 545.098 | 545.098 | 533.094 | 533.094 | 272.311 | 272.311 | 384.435 | 384.435 | 321.309 | 321.309 | 322.63 | 322.63 | 325.345 | 325.345 | -325.345 |
Other Expenses
| 0 | -19.628 | -16.943 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20.78 | -20.78 | -12.348 | -12.348 | -14.072 | -14.072 | -1.884 | -1.884 | -20.664 | -20.664 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Operating Expenses
| 565.946 | 705.62 | 752.811 | 575.537 | 569.245 | 576.09 | 647.043 | 604.611 | 565.783 | 540.365 | 1,095.726 | 1,332.437 | 1,319.098 | 1,433.44 | 1,454.871 | 1,368.421 | 1,458.306 | 1,382.058 | 1,474.89 | 1,434.116 | 1,560.447 | 1,484.312 | 1,550.402 | 1,406.499 | 1,370.181 | 1,054.081 | 1,054.081 | 801.807 | 801.807 | 678.166 | 678.166 | 603.376 | 603.376 | 543.214 | 543.214 | 512.43 | 512.43 | 272.311 | 272.311 | 384.435 | 384.435 | 321.309 | 321.309 | 322.63 | 322.63 | 325.345 | 325.345 | 325.345 |
Operating Income
| 45.953 | 50.845 | 150.068 | 121.191 | 81.063 | -164.142 | -141.995 | -205.178 | -170.882 | -398.557 | -294.42 | -65.244 | 324.383 | 237.756 | 397.194 | 152.717 | 226.546 | 128.498 | 277.136 | 197.748 | 617.209 | 408.146 | 694.912 | 424.242 | 639.241 | 394.26 | 394.26 | 304.134 | 304.134 | 229.266 | 229.266 | 185.058 | 185.058 | 151.527 | 151.527 | 123.644 | 123.644 | 300.235 | 300.235 | 111.51 | 111.51 | 80.848 | 80.848 | 42.008 | 42.008 | 5.669 | 5.669 | 33.801 |
Operating Income Ratio
| 0.023 | 0.026 | 0.068 | 0.057 | 0.042 | -0.106 | -0.078 | -0.128 | -0.097 | -0.31 | -0.127 | -0.019 | 0.081 | 0.057 | 0.089 | 0.043 | 0.055 | 0.036 | 0.069 | 0.052 | 0.129 | 0.097 | 0.143 | 0.109 | 0.149 | 0.123 | 0.123 | 0.124 | 0.124 | 0.112 | 0.112 | 0.103 | 0.103 | 0.094 | 0.094 | 0.086 | 0.086 | 0.229 | 0.229 | 0.096 | 0.096 | 0.086 | 0.086 | 0.051 | 0.051 | 0.007 | 0.007 | 0.044 |
Total Other Income Expenses Net
| 2.084 | -6.968 | -9.031 | 4.519 | 27.864 | -7.428 | -14.437 | 24.785 | -5.126 | 107.639 | -242.071 | 39.737 | -8.929 | 10.638 | 19.843 | 4.978 | 50.58 | 5.268 | 3.605 | 5.775 | 7.339 | 10.365 | 6.917 | 5.54 | 7.205 | 23.137 | 23.137 | 2.63 | 2.63 | 3.206 | 3.206 | 6.598 | 6.598 | 22.251 | 22.251 | 12.108 | 12.108 | -188.93 | -188.93 | 18.574 | 18.574 | 11.733 | 11.733 | 4.386 | 4.386 | -37.767 | -37.767 | -65.899 |
Income Before Tax
| 48.037 | 43.877 | 141.037 | 125.71 | 108.927 | -123.288 | -156.432 | -180.393 | -110.563 | -290.918 | -536.491 | -38.248 | 336.861 | 245.436 | 409.643 | 150.968 | 277.126 | 128.272 | 277.131 | 193.324 | 596.564 | 412.928 | 696.181 | 429.782 | 646.446 | 417.397 | 417.397 | 306.763 | 306.763 | 232.472 | 232.472 | 191.656 | 191.656 | 173.778 | 173.778 | 135.752 | 135.752 | 111.305 | 111.305 | 130.084 | 130.084 | 92.581 | 92.581 | 46.394 | 46.394 | -32.098 | -32.098 | -32.098 |
Income Before Tax Ratio
| 0.024 | 0.023 | 0.063 | 0.059 | 0.056 | -0.08 | -0.086 | -0.113 | -0.063 | -0.226 | -0.231 | -0.011 | 0.084 | 0.059 | 0.092 | 0.042 | 0.067 | 0.036 | 0.069 | 0.051 | 0.125 | 0.098 | 0.143 | 0.11 | 0.151 | 0.13 | 0.13 | 0.125 | 0.125 | 0.113 | 0.113 | 0.106 | 0.106 | 0.108 | 0.108 | 0.094 | 0.094 | 0.085 | 0.085 | 0.112 | 0.112 | 0.098 | 0.098 | 0.057 | 0.057 | -0.042 | -0.042 | -0.042 |
Income Tax Expense
| 3.472 | 11.469 | 24.576 | 23.288 | -82.503 | 9.895 | 5.699 | 1.208 | 0.85 | -43.033 | -85.198 | -1.718 | 50.111 | 41.269 | 67.38 | 27.988 | 46.405 | 32.288 | 46.681 | 40.304 | 97.515 | 73.166 | 118.326 | 72.402 | 102.876 | 72.542 | 72.542 | 52.128 | 52.128 | 41.925 | 41.925 | 33.68 | 33.68 | 35.651 | 35.651 | 24.856 | 24.856 | 18.72 | 18.72 | 21.78 | 21.78 | 17.044 | 17.044 | 18.119 | 18.119 | 4.826 | 4.826 | 4.826 |
Net Income
| 44.565 | 32.408 | 116.461 | 102.422 | 191.43 | -133.183 | -162.131 | -181.601 | -109.367 | -242.001 | -479.406 | -36.53 | 286.75 | 204.167 | 342.263 | 122.98 | 230.721 | 95.984 | 230.45 | 153.02 | 499.049 | 339.762 | 577.855 | 357.38 | 543.57 | 344.855 | 344.855 | 254.635 | 254.635 | 190.548 | 190.548 | 157.976 | 157.976 | 174.107 | 174.107 | 110.897 | 110.897 | 92.586 | 92.586 | 108.304 | 108.304 | 75.538 | 75.538 | 32.732 | 32.732 | -35.588 | -35.588 | -35.588 |
Net Income Ratio
| 0.022 | 0.017 | 0.052 | 0.048 | 0.098 | -0.086 | -0.089 | -0.114 | -0.062 | -0.188 | -0.206 | -0.01 | 0.072 | 0.049 | 0.077 | 0.034 | 0.056 | 0.027 | 0.057 | 0.041 | 0.105 | 0.08 | 0.119 | 0.092 | 0.127 | 0.108 | 0.108 | 0.104 | 0.104 | 0.093 | 0.093 | 0.088 | 0.088 | 0.108 | 0.108 | 0.077 | 0.077 | 0.071 | 0.071 | 0.094 | 0.094 | 0.08 | 0.08 | 0.04 | 0.04 | -0.046 | -0.046 | -0.046 |
EPS
| 0.014 | 0.01 | 0.038 | 0.033 | 0.062 | -0.043 | -0.052 | -0.059 | -0.035 | -0.078 | -0.15 | -0.012 | 0.093 | 0.067 | 0.11 | 0.041 | 0.079 | 0.033 | 0.08 | 0.054 | 0.18 | 0.12 | 0.2 | 0.13 | 0.19 | 0.122 | 0.122 | 0.091 | 0.091 | 0.069 | 0.069 | 0.057 | 0.057 | 0.063 | 0.063 | 0.041 | 0.041 | 0.034 | 0.034 | 0.041 | 0.041 | 0.029 | 0.029 | 0.012 | 0.012 | -0.132 | -0.132 | -0.128 |
EPS Diluted
| 0.014 | 0.01 | 0.038 | 0.033 | 0.062 | -0.043 | -0.052 | -0.059 | -0.035 | -0.078 | -0.15 | -0.012 | 0.093 | 0.067 | 0.11 | 0.041 | 0.079 | 0.033 | 0.08 | 0.054 | 0.18 | 0.12 | 0.2 | 0.13 | 0.19 | 0.122 | 0.122 | 0.091 | 0.091 | 0.069 | 0.069 | 0.057 | 0.057 | 0.063 | 0.063 | 0.041 | 0.041 | 0.034 | 0.034 | 0.041 | 0.041 | 0.029 | 0.029 | 0.012 | 0.012 | -0.132 | -0.132 | -0.128 |
EBITDA
| 264.536 | 74.545 | 182.063 | 322.034 | 297.17 | 46.673 | 18.473 | 12.545 | 134.943 | -4.853 | -523.881 | 451.58 | 381.134 | 292.29 | 449.663 | 201.515 | 331.724 | 181.714 | 337.338 | 260.837 | 695.94 | 491.948 | 793.759 | 513.375 | 729.872 | 475.943 | 475.943 | 346.352 | 346.352 | 264.059 | 264.059 | 224.288 | 224.288 | 209.758 | 209.758 | 135.752 | 135.752 | 143.446 | 143.446 | 149.835 | 149.835 | 109.036 | 109.036 | 73.084 | 73.084 | -1.021 | -1.021 | 71.551 |
EBITDA Ratio
| 0.131 | 0.039 | 0.082 | 0.15 | 0.152 | 0.03 | 0.01 | 0.008 | 0.077 | -0.004 | -0.226 | 0.129 | 0.095 | 0.07 | 0.101 | 0.056 | 0.081 | 0.05 | 0.084 | 0.069 | 0.146 | 0.116 | 0.163 | 0.132 | 0.17 | 0.149 | 0.149 | 0.141 | 0.141 | 0.128 | 0.128 | 0.124 | 0.124 | 0.13 | 0.13 | 0.094 | 0.094 | 0.109 | 0.109 | 0.13 | 0.13 | 0.116 | 0.116 | 0.089 | 0.089 | -0.001 | -0.001 | 0.093 |