Top Spring International Holdings (HKSE:03688) Total Operating Expense: HK$392 Mil (TTM As of Dec. 2025)

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HKSE:03688 Top Spring International Holdings Ltd HKSE:03688
36 GF Score
Price HK$0.19
GF Value HK$0.36
Valuation Possible Value Trap
! 4 Warning Signs
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What is Top Spring International Holdings Total Operating Expense?

Top Spring International Holdings HKSE:03688 -0.52% 36 Total Operating Expense is HK$392 Mil as of Dec. 2025. GuruFocus rates HKSE:03688 with a GF Score™ of 36/100 and a GF Value™ of HK$0.36 (Possible Value Trap). The stock has 4 warning signs investors should review.

Top Spring International Holdings's Total Operating Expense for the six months ended in Dec. 2025 was HK$184 Mil. Top Spring International Holdings's Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was HK$392 Mil.

Top Spring International Holdings Total Operating Expense Related Terms

Top Spring International Holdings Total Operating Expense Historical Data

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The historical data trend for Top Spring International Holdings's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Top Spring International Holdings Total Operating Expense Chart

Top Spring International Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 415.00 411.82 161.24 454.36 391.63

Top Spring International Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 93.33 159.45 294.91 207.50 184.13
HKSE:03688
36GF Score
Top Spring International Holdings Ltd HKSE:03688
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Top Spring International Holdings Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$392 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of HK$392 Mil mean?
Top Spring International Holdings (HKSE:03688) has a Total Operating Expense of HK$392 Mil as of Dec. 2025. Total operating expense is the primary recurring expense associated with central operations. View historical data on Top Spring International Holdings and its competitors.
Is Top Spring International Holdings' Total Operating Expense too high?
Top Spring International Holdings' current Total Operating Expense is HK$392 Mil. Overall, Top Spring International Holdings has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Top Spring International Holdings' Total Operating Expense compare to competitors?
Top Spring International Holdings' Total Operating Expense of HK$392 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Real Estate company?
A good Total Operating Expense depends on the Real Estate industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Top Spring International Holdings and its competitors. Top Spring International Holdings's current Total Operating Expense is HK$392 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Spring International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Top Spring International Holdings (HKSE:03688) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.36, compared to a current price of HK$0.19 — trading 47.2% below its estimated fair value. The current Total Operating Expense is HK$392 Mil. Top Spring International Holdings' overall GF Score™ is 36/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Top Spring International Holdings (HKSE:03688), the current Total Operating Expense is HK$392 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Top Spring International Holdings (HKSE:03688) Overvalued in 2026?

Based on GuruFocus' analysis, Top Spring International Holdings stock appears to be undervalued. The current stock price of HK$0.19 is trading 47.2% below its estimated GF Value™ of HK$0.36. GuruFocus considers Top Spring International Holdings to be Possible Value Trap.

Key valuation signals for HKSE:03688:

  • Total Operating Expense: HK$392 Mil
  • GF Value™: HK$0.36 vs. price of HK$0.19 (47.2% below fair value)
  • GF Score™: 36/100 with 4 warning signs

No single metric tells the full story. See the HKSE:03688 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Top Spring International Holdings Business Description

Address 6-8 Harbour Road, Rooms 04-08, 26th Floor, Shui On Centre, Wanchai, Hong Kong, HKG
Top Spring International Holdings Ltd is an investment holding engaged in property development, property investment, property management and related services, and education-related services in the People's Republic of China. It generates the majority of its revenue from the Property development segment which develops and sells residential and commercial properties. Geographically the company has a presence in PRC, Hong Kong, and others, with key revenue coming from PRC.
36GF Score

Get the complete analysis for HKSE:03688

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.19
Price
HK$0.36
GF Value