Executive Summary
CR Construction Group Holdings Limited reported QQ1 2025 revenue of HKD 1.785 billion, up 28.8% year over year, accompanied by a gross profit of HKD 147.7 million and a gross margin of 8.27%. EBITDA stood at HKD 38.1 million and operating income was HKD 30.5 million, yielding an operating margin of 1.71%. Net income recorded HKD 12.1 million, or about 0.68% net margin, with quarterly earnings per share of HKD 0.0243. While top-line momentum improved, profitability remained constrained by elevated operating expenses and ongoing project mix pressures.
Key Performance Indicators
QoQ: 30.26% | YoY:-21.59%
QoQ: 35.86% | YoY:-32.27%
QoQ: 35.75% | YoY:-32.12%
Key Insights
Revenue: HKD 1,785,434,000 (YoY +28.8%, QoQ +8.4%); Gross Profit: HKD 147,708,500; Gross Margin: 8.27%; EBITDA: HKD 38,106,500; Operating Income: HKD 30,504,500; EBITDA Margin: 2.13%; Operating Margin: 1.71%; Net Income: HKD 12,139,000; Net Margin: 0.68%; EPS: HKD 0.0243; YoY and QoQ comparisons show stronger top-line growth but a meaningful decline in net profitability versus the prior year, with QoQ improvement in quarterly earnings. Four-quarter figures indicate YoY revenue growth of ~28.8% a...
Financial Highlights
Revenue: HKD 1,785,434,000 (YoY +28.8%, QoQ +8.4%); Gross Profit: HKD 147,708,500; Gross Margin: 8.27%; EBITDA: HKD 38,106,500; Operating Income: HKD 30,504,500; EBITDA Margin: 2.13%; Operating Margin: 1.71%; Net Income: HKD 12,139,000; Net Margin: 0.68%; EPS: HKD 0.0243; YoY and QoQ comparisons show stronger top-line growth but a meaningful decline in net profitability versus the prior year, with QoQ improvement in quarterly earnings. Four-quarter figures indicate YoY revenue growth of ~28.8% and gross profit growth of ~57%, but operating income and net income show deviations due to cost structure changes.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
1.79B |
28.76% |
8.44% |
| Gross Profit |
147.71M |
57.08% |
78.86% |
| Operating Income |
30.50M |
-21.59% |
30.26% |
| Net Income |
12.14M |
-32.27% |
35.86% |
| EPS |
0.02 |
-32.12% |
35.75% |
Management Commentary
No earnings call transcript data provided in the input. Unable to extract management commentary or quotes for thematic highlights.
Forward Guidance
Management guidance and explicit targets were not provided in the QQ1 2025 release. Based on the quarterly data and sector dynamics, the near-term outlook hinges on (1) sustaining a healthy bid pipeline and order backlog in Hong Kong and Malaysia, (2) improving gross margins through project mix optimization and cost controls, and (3) managing operating costs in a high-inflation, competitive tender environment. Investors should monitor order intake trends, project mix (maintenance/refurbishment vs. new builds), working capital cadence, and any regulatory or policy shifts in HK and Malaysia that could affect tendering and financing conditions.