Reported Q: Q4 2024 Rev YoY: -35.5% EPS YoY: -289.5% Move: -1.20%
Cocoon Holdings Limited
0428.HK
HKD0.247 -1.20%
Exchange HKSE Sector Financial Services Industry Financial Capital Markets
Q4 2024
Published: Dec 31, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 0428.HK

Reported

Report Date

Dec 31, 2024

Quarter Q4 2024

Revenue

16.98M

YoY: -35.5%

EPS

-0.72

YoY: -289.5%

Market Move

-1.20%

Previous quarter: Q3 2024

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Earnings Highlights

  • Revenue of $16.98M down 35.5% year-over-year
  • EPS of $-0.72 decreased by 289.5% from previous year
  • Gross margin of 100.0%
  • Net income of -57.83M
  • "N/A - no earnings call transcript provided." - Cocoon Holdings Management
0428.HK
Company 0428.HK

Executive Summary

Overview of QQ4 2024 performance shows operating profitability on a standalone basis (positive operating income of HKD 16.98 million) that was overwhelmed by a large batch of non-operating charges, resulting in a net loss of HKD 57.83 million for the quarter. YoY metrics reveal meaningful deterioration in profitability: revenue down 35.51% YoY, gross profit down 35.36% YoY, and net income down 352.32% YoY, while QoQ momentum was modestly positive at the operating level (QoQ revenue and gross profit up 100.00%). The quarter underscored Cocoon’s reliance on non-recurring items to drive net results while its core operations remained cash-generating. Balance sheet liquidity remained robust with a very high current ratio (8.48x) and substantial cash/near-cash resources, albeit with a small net debt burden. The combination of a heavily negative net income due to one-off costs and a conservative cash-flow profile implies a difficile—but recoverable—short-run earnings trajectory if non-operating headwinds are resolved or offset by underlying investment realizations.

Key Performance Indicators

Revenue
Decreasing
16.98M
QoQ: 100.00% | YoY: -35.51%
Gross Profit
Decreasing
16.98M
1.00% margin
QoQ: 100.00% | YoY: -35.36%
Operating Income
Decreasing
16.98M
QoQ: 100.00% | YoY: -27.49%
Net Income
Decreasing
-57.83M
QoQ: -100.00% | YoY: -352.32%
EPS
Decreasing
-0.72
QoQ: -100.00% | YoY: -289.47%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 0.07 0.03 -99.2% View
Q1 2025 0.04 0.02 +100.4% View
Q4 2024 16.98 -0.72 -35.5% View
Q3 2024 8.49 -0.36 +152.9% View