The hydrofoil, carrying 163 passengers and 11 crew, hit an "unidentified object" off a small island in Hong Kong's western waters yesterday, rescuers said.
The ferry lost power after the collision, but it was not in any danger of sinking, rescuers said.
Ferry operator Shun Tak Holdings said a preliminary inspection found damage to the boat's rear wing and the engine room.
As of 7 am today, the injury count stood at 124, including five people in critical condition, the Hospital Authority said.
It's the fourth accident in two years on the busy hour-long ferry route between the coastal Chinese territories of Macau and Hong Kong.
Vessels depart around every 15 minutes on the route, which operates around the clock, taking passengers from the Asian financial center of Hong Kong to Macau, a former Portuguese colony now known mainly for its glitzy casinos.
In a similar accident in November 2013, 87 people were hurt when a Macau hydrofoil hit a floating object off an outlying Hong Kong island. Last year, a ferry hit a breakwater in Macau's harbor and another collided with a mainland Chinese cargo ship in separate incidents that left dozens injured.
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