Herald Holdings Limited logo

Herald Holdings Limited

0114.HK

HKSEConsumer CyclicalLeisure

Latest quote

HK$0.72

+HK$0.03 · +4.35%

Aug 19, 3:51 PM HKT

0114.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Herald Holdings Limited, along with its associated companies, specializes in the production, distribution, and sale of a diverse array of goods. Their extensive product range includes a broad spectrum of toys, encompassing action figures, remote-controlled cars and boats, electronic games, and educational toys for pre-schoolers, as well as battery-operated items, model kits, and gift products. Their offerings extend to computer components, such as magnetic and thin-film tape heads, alongside motor actuator assemblies. Additionally, the company develops smart connected devices for the Internet of Things (IoT), featuring smartwatches, thermostats, sensory array gateways, and remote environmental sensors. Notably, they manufacture and market watches under licensed brands including Braun, Vivienne Westwood, and Lambretta. Beyond product lines, Herald Holdings diversifies its operations through property investment and leasing, providing marketing services, and engaging in financial investments across debt and equity securities, as well as managed funds. The company also handles the sale and distribution of clocks, watches, and various electronic items. With a global footprint, Herald Holdings Limited conducts business across Hong Kong, North America, the United Kingdom, the wider European continent, Asia, and Mainland China. Founded in 1992, the company maintains its headquarters in Hong Kong.

Industry
Leisure
Sector
Consumer Cyclical
Headquarters
HK
CEO
Man-Pun Lai
Listed since
Mar 11, 1970
Employees
2,287

Market position

52-week range

Current HK$0.72

Open
HK$0.72
Previous close
HK$0.69
Volume
265K
2.88× average
Average volume
92.14K
Average daily volume
Market cap
435.23M HKD
Beta
0.23
Market reference 1
50-day average
HK$0.6651
+8.25% above average
200-day average
HK$0.6344
+13.49% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
127.84M HKD
P/E (TTM)
8.11×
P/B (TTM)
0.72×
P/S (TTM)
0.54×
EV / EBITDA
2.72×
Earnings yield
15.31%
Free cash flow yield
-8.07%
Dividend yield
8.33%

Profitability & efficiency

Gross margin
27.77%
Operating margin
8.60%
Net margin
6.70%
Return on equity
8.83%
Return on assets
5.74%
Return on invested capital
3.41%

Financial health

Debt / equity
0.09×
Current ratio
2.61×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends33%19%5%-9%Gross margin, FY2021: 10.21%Gross margin, FY2022: 23.73%Gross margin, FY2023: 22.53%Gross margin, FY2024: 29.06%Gross margin, FY2025: 27.77%Operating margin, FY2021: -5.70%Operating margin, FY2022: 7.94%Operating margin, FY2023: -2.28%Operating margin, FY2024: 4.40%Operating margin, FY2025: 3.42%Net margin, FY2021: -5.20%Net margin, FY2022: 6.52%Net margin, FY2023: -2.02%Net margin, FY2024: 4.67%Net margin, FY2025: 6.70%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 10.21%. Gross margin FY2022 23.73%. Gross margin FY2023 22.53%. Gross margin FY2024 29.06%. Gross margin FY2025 27.77%. Operating margin FY2021 -5.70%. Operating margin FY2022 7.94%. Operating margin FY2023 -2.28%. Operating margin FY2024 4.40%. Operating margin FY2025 3.42%. Net margin FY2021 -5.20%. Net margin FY2022 6.52%. Net margin FY2023 -2.02%. Net margin FY2024 4.67%. Net margin FY2025 6.70%.

Income trends

Revenue

801.16M HKD+13.85%

Operating income

27.4M HKD-11.50%

Net income

53.69M HKD+63.30%
Income trends across reported periods1.4B HKD863.98M HKD331.99M HKD−200.01M HKDRevenue, FY2021: 1.18B HKDRevenue, FY2022: 1.26B HKDRevenue, FY2023: 711.34M HKDRevenue, FY2024: 703.7M HKDRevenue, FY2025: 801.16M HKDOperating income, FY2021: −67.01M HKDOperating income, FY2022: 100.28M HKDOperating income, FY2023: −16.24M HKDOperating income, FY2024: 30.96M HKDOperating income, FY2025: 27.4M HKDNet income, FY2021: −61.15M HKDNet income, FY2022: 82.33M HKDNet income, FY2023: −14.39M HKDNet income, FY2024: 32.88M HKDNet income, FY2025: 53.69M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.18B HKD. Revenue FY2022 1.26B HKD. Revenue FY2023 711.34M HKD. Revenue FY2024 703.7M HKD. Revenue FY2025 801.16M HKD. Operating income FY2021 −67.01M HKD. Operating income FY2022 100.28M HKD. Operating income FY2023 −16.24M HKD. Operating income FY2024 30.96M HKD. Operating income FY2025 27.4M HKD. Net income FY2021 −61.15M HKD. Net income FY2022 82.33M HKD. Net income FY2023 −14.39M HKD. Net income FY2024 32.88M HKD. Net income FY2025 53.69M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue801.16M HKD703.7M HKD711.34M HKD1.26B HKD1.18B HKD
Cost of goods sold578.68M HKD499.19M HKD551.06M HKD963.21M HKD1.06B HKD
Gross profit222.48M HKD204.51M HKD160.28M HKD299.77M HKD119.99M HKD
Selling, general, and administrative194.16M HKD192.74M HKD185.12M HKD206.53M HKD194.68M HKD
Operating expenses195.07M HKD173.55M HKD176.52M HKD181.4M HKD187.04M HKD
Interest income3.36M HKD4.74M HKD2.07M HKD636K HKD706K HKD
Interest expense506K HKD196K HKD1.12M HKD3.08M HKD2.16M HKD
Depreciation and amortization19.63M HKD24.2M HKD33.65M HKD46.45M HKD30.84M HKD
Operating income27.4M HKD30.96M HKD−16.24M HKD100.28M HKD−67.01M HKD
Net income53.69M HKD32.88M HKD−14.39M HKD82.33M HKD−61.15M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.07

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.110.04-0.02-0.09Q3 '21Q1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q3 '25
Q3 2021, reported Sep 30, 2021: actual -0.052, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual -0.049, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 29, 2022: actual 0.073, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 29, 2023: actual 0.063, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 29, 2023: actual 0.014, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 27, 2024: actual -0.037, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual 0.045, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 0.073, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates848.85M653.98M459.11M264.24MQ3 '21Q1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q3 '25
Q3 2021, reported Sep 30, 2021: actual 558.54M HKD, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual 616.6M HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 29, 2022: actual 808.53M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 29, 2023: actual 454.45M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 29, 2023: actual 406.78M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 27, 2024: actual 304.55M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual 392.17M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 425.05M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

HK$0.03

Semi-Annual

Record Oct 2, 2026 · Payment Oct 16, 2026

Dividend

Ex-dividend Dec 30, 2025

HK$0.03

Semi-Annual

Record Jan 5, 2026 · Payment Jan 15, 2026

Dividend

Ex-dividend Sep 29, 2025

HK$0.03

Semi-Annual

Record Oct 2, 2025 · Payment Oct 14, 2025

Dividend

Ex-dividend Dec 30, 2024

HK$0.03

Semi-Annual

Record Jan 3, 2025 · Payment Jan 16, 2025

Dividend

Ex-dividend Sep 24, 2024

HK$0.03

Semi-Annual

Record Sep 26, 2024 · Payment Oct 14, 2024

Dividend

Ex-dividend Dec 29, 2023

HK$0.03

Semi-Annual

Record Jan 3, 2024 · Payment Jan 17, 2024

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