APAC Resources Limited

SEHK:1104 Stock Report

Market Cap: HK$2.5b

APAC Resources Past Earnings Performance

Past criteria checks 2/6

APAC Resources's earnings have been declining at an average annual rate of -22.8%, while the Trade Distributors industry saw earnings growing at 17.7% annually. Revenues have been growing at an average rate of 12.4% per year. APAC Resources's return on equity is 6%, and it has net margins of 69.1%.

Key information

-22.78%

Earnings growth rate

-23.67%

EPS growth rate

Trade Distributors Industry Growth7.46%
Revenue growth rate12.36%
Return on equity5.99%
Net Margin69.06%
Last Earnings Update30 Jun 2025

Recent past performance updates

APAC Resources' (HKG:1104) Anemic Earnings Might Be Worse Than You Think

Oct 30
APAC Resources' (HKG:1104) Anemic Earnings Might Be Worse Than You Think

Shareholders In APAC Resources (HKG:1104) Should Look Beyond Earnings For The Full Story

Oct 31
Shareholders In APAC Resources (HKG:1104) Should Look Beyond Earnings For The Full Story

Recent updates

APAC Resources' (HKG:1104) Anemic Earnings Might Be Worse Than You Think

Oct 30
APAC Resources' (HKG:1104) Anemic Earnings Might Be Worse Than You Think

There's Reason For Concern Over APAC Resources Limited's (HKG:1104) Massive 30% Price Jump

Oct 28
There's Reason For Concern Over APAC Resources Limited's (HKG:1104) Massive 30% Price Jump

APAC Resources (HKG:1104) Will Pay A Dividend Of HK$0.11

Oct 01
APAC Resources (HKG:1104) Will Pay A Dividend Of HK$0.11

APAC Resources Limited's (HKG:1104) Shares Climb 26% But Its Business Is Yet to Catch Up

Aug 25
APAC Resources Limited's (HKG:1104) Shares Climb 26% But Its Business Is Yet to Catch Up

Does APAC Resources (HKG:1104) Have A Healthy Balance Sheet?

Jun 02
Does APAC Resources (HKG:1104) Have A Healthy Balance Sheet?

APAC Resources Limited's (HKG:1104) Share Price Could Signal Some Risk

Apr 25
APAC Resources Limited's (HKG:1104) Share Price Could Signal Some Risk

Shareholders In APAC Resources (HKG:1104) Should Look Beyond Earnings For The Full Story

Oct 31
Shareholders In APAC Resources (HKG:1104) Should Look Beyond Earnings For The Full Story

We Think APAC Resources' (HKG:1104) Profit Is Only A Baseline For What They Can Achieve

Mar 21
We Think APAC Resources' (HKG:1104) Profit Is Only A Baseline For What They Can Achieve

Investors Interested In APAC Resources Limited's (HKG:1104) Revenues

Jun 16
Investors Interested In APAC Resources Limited's (HKG:1104) Revenues

Here’s What’s Happening With Returns At APAC Resources (HKG:1104)

Feb 02
Here’s What’s Happening With Returns At APAC Resources (HKG:1104)

APAC Resources (HKG:1104) Has Returned Negative 14% To Its Shareholders In The Past Three Years

Jan 12
APAC Resources (HKG:1104) Has Returned Negative 14% To Its Shareholders In The Past Three Years

Revenue & Expenses Breakdown

How APAC Resources makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

SEHK:1104 Revenue, expenses and earnings (HKD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 25353244990
31 Mar 25374-135950
31 Dec 24395-513910
30 Sep 24792-62960
30 Jun 241,1893901010
31 Mar 241,226354960
31 Dec 231,264318910
30 Sep 238480880
30 Jun 23432-319840
31 Mar 23403-276720
31 Dec 22375-234590
30 Sep 22362-350590
30 Jun 22349-466580
31 Mar 22345-281870
31 Dec 21341-961150
30 Sep 214536311110
30 Jun 215651,3571070
31 Mar 214971,029790
31 Dec 20430701510
30 Sep 20433136480
30 Jun 20437-429450
31 Mar 20392206430
31 Dec 19348841410
30 Sep 19229725400
30 Jun 19109608390
31 Mar 19145137380
31 Dec 18180-335380
30 Sep 18168-3390
30 Jun 18156328400
31 Mar 18140513400
31 Dec 17124698390
30 Sep 17112623360
30 Jun 17100549340
31 Mar 1796494350
31 Dec 1691440360
30 Sep 16107211360
30 Jun 16123-17360
31 Mar 16122-48350
31 Dec 15121-79340
30 Sep 15188-464320
30 Jun 15256-848310
31 Mar 15342-1,077370
31 Dec 14428-1,306430

Quality Earnings: 1104 has a large one-off gain of HK$238.3M impacting its last 12 months of financial results to 30th June, 2025.

Growing Profit Margin: 1104's current net profit margins (69.1%) are higher than last year (32.8%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 1104 has become profitable over the past 5 years, growing earnings by -22.8% per year.

Accelerating Growth: 1104's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1104 had negative earnings growth (-37.5%) over the past year, making it difficult to compare to the Trade Distributors industry average (25.8%).


Return on Equity

High ROE: 1104's Return on Equity (6%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/14 22:02
End of Day Share Price 2025/11/14 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

APAC Resources Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.