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Maoye International Holdings Limited logo

Maoye International Holdings Limited

0848.HK

HKSEConsumer CyclicalDepartment Stores

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Latest quote

HK$0.099

−HK$0.01 · -9.17%

Aug 24, 10:16 AM HKT

0848.HK company overview

Company profile

Company website

Maoye International Holdings Limited, an investment holding entity, primarily focuses on the operation and management of department stores throughout the People's Republic of China. The company's operations are divided into three core segments: Department Store Operations, Property Development, and Others. Within the Department Store Operations segment, the company engages in concessionaire sales, the direct sale of merchandise, and the leasing of commercial properties to third parties for their department store ventures. The Property Development division is responsible for developing and selling both commercial and residential properties, as well as leasing commercial spaces for purposes other than department stores. The Others segment mainly involves operating hotels and providing various ancillary services. Furthermore, Maoye International Holdings Limited also runs supermarket chain stores and delivers property management and advertising services. As of December 31, 2021, the company managed and operated a total of 48 stores. Founded in 2007, its corporate headquarters are situated in Shenzhen, People's Republic of China.

Industry
Department Stores
Sector
Consumer Cyclical
Headquarters
CN
CEO
Mao Ru Huang
Listed since
May 5, 2008
Employees
2,593

Market position

52-week range

Current HK$0.099

Open
HK$0.099
Previous close
HK$0.109
Volume
80K
0.48× average
Average volume
166.49K
Average daily volume
Market cap
508.89M HKD
Beta
0.26
Market reference 1
50-day average
HK$0.1056
-6.21% below average
200-day average
HK$0.1199
-17.42% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
17.97B CNY
P/E (TTM)
-0.89×
P/B (TTM)
0.04×
P/S (TTM)
0.13×
EV / EBITDA
28.65×
Earnings yield
-31.92%
Free cash flow yield
208.63%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
46.93%
Operating margin
-0.36%
Net margin
-5.23%
Return on equity
-1.44%
Return on assets
-0.40%
Return on invested capital
-0.42%

Financial health

Debt / equity
1.44×
Current ratio
0.72×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends73%43%13%-17%Gross margin, FY2021: 58.54%Gross margin, FY2022: 57.45%Gross margin, FY2023: 65.45%Gross margin, FY2024: 63.56%Gross margin, FY2025: 18.62%Operating margin, FY2021: 30.85%Operating margin, FY2022: 34.72%Operating margin, FY2023: 19.11%Operating margin, FY2024: 17.98%Operating margin, FY2025: -9.34%Net margin, FY2021: 1.25%Net margin, FY2022: 5.24%Net margin, FY2023: -1.81%Net margin, FY2024: -1.95%Net margin, FY2025: -6.08%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 58.54%. Gross margin FY2022 57.45%. Gross margin FY2023 65.45%. Gross margin FY2024 63.56%. Gross margin FY2025 18.62%. Operating margin FY2021 30.85%. Operating margin FY2022 34.72%. Operating margin FY2023 19.11%. Operating margin FY2024 17.98%. Operating margin FY2025 -9.34%. Net margin FY2021 1.25%. Net margin FY2022 5.24%. Net margin FY2023 -1.81%. Net margin FY2024 -1.95%. Net margin FY2025 -6.08%.

Income trends

Revenue

2.96B CNY-40.77%

Operating income

−276.14M CNY−1.17B CNY

Net income

−179.83M CNY-85.05%
Income trends across reported periods5.85B CNY3.63B CNY1.4B CNY−833.51M CNYRevenue, FY2021: 5.23B CNYRevenue, FY2022: 4.35B CNYRevenue, FY2023: 5.3B CNYRevenue, FY2024: 4.99B CNYRevenue, FY2025: 2.96B CNYOperating income, FY2021: 1.61B CNYOperating income, FY2022: 1.51B CNYOperating income, FY2023: 1.01B CNYOperating income, FY2024: 897.29M CNYOperating income, FY2025: −276.14M CNYNet income, FY2021: 65.69M CNYNet income, FY2022: 228.09M CNYNet income, FY2023: −96.11M CNYNet income, FY2024: −97.18M CNYNet income, FY2025: −179.83M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.23B CNY. Revenue FY2022 4.35B CNY. Revenue FY2023 5.3B CNY. Revenue FY2024 4.99B CNY. Revenue FY2025 2.96B CNY. Operating income FY2021 1.61B CNY. Operating income FY2022 1.51B CNY. Operating income FY2023 1.01B CNY. Operating income FY2024 897.29M CNY. Operating income FY2025 −276.14M CNY. Net income FY2021 65.69M CNY. Net income FY2022 228.09M CNY. Net income FY2023 −96.11M CNY. Net income FY2024 −97.18M CNY. Net income FY2025 −179.83M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue2.96B CNY4.99B CNY5.3B CNY4.35B CNY5.23B CNY
Cost of goods sold2.41B CNY1.82B CNY1.83B CNY1.85B CNY2.17B CNY
Gross profit550.37M CNY3.17B CNY3.47B CNY2.5B CNY3.06B CNY
Selling, general, and administrative46.75M CNY64.78M CNY452.66M CNY77.7M CNY608.46M CNY
Operating expenses846.84M CNY2.28B CNY2.45B CNY988.33M CNY1.45B CNY
Interest income6.1M CNY8.1M CNY14.87M CNY9.78M CNY22.38M CNY
Interest expense557.07M CNY690.24M CNY965.29M CNY1.05B CNY1.15B CNY
Depreciation and amortization937.72M CNY495.19M CNY990.07M CNY556.83M CNY1.1B CNY
Operating income−276.14M CNY897.29M CNY1.01B CNY1.51B CNY1.61B CNY
Net income−179.83M CNY−97.18M CNY−96.11M CNY228.09M CNY65.69M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.11

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.07-0-0.08-0.15Q2 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q2 2022, reported Jun 30, 2022: actual 0.023, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 24, 2023: actual 0.028, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 17, 2023: actual 0.018, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 20, 2024: actual -0.039, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 16, 2024: actual 0.021, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual -0.041, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 14, 2025: actual 0.006, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual -0.111, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates3.69B2.94B2.18B1.43BQ2 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q2 2022, reported Jun 30, 2022: actual 3.54B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 24, 2023: actual 2.69B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 17, 2023: actual 3.05B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 20, 2024: actual 2.75B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 16, 2024: actual 3.24B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 2.1B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 14, 2025: actual 2.23B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual 1.58B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.033

2015 complete year0.0% since 2010

Corporate action history

Dividend

Ex-dividend May 10, 2024

HK$0.0075

Annual

Record May 13, 2024 · Payment May 31, 2024

Dividend

Ex-dividend May 24, 2023

HK$0.0102

Annual

Record May 25, 2023 · Payment Jun 15, 2023

Dividend

Ex-dividend May 27, 2020

HK$0.0198

Annual

Record May 28, 2020 · Payment Jun 16, 2020

Dividend

Ex-dividend May 15, 2019

HK$0.0364

Annual

Record May 16, 2019 · Payment May 31, 2019

Dividend

Ex-dividend May 16, 2018

HK$0.0388

Annual

Record May 17, 2018 · Payment Jun 4, 2018

Dividend

Ex-dividend May 24, 2017

HK$0.003

Annual

Record May 25, 2017 · Payment Jun 8, 2017

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