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Huicheng International Holdings Limited logo

Huicheng International Holdings Limited

1146.HK

HKSEConsumer CyclicalApparel - Manufacturers

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Latest quote

HK$0.056

+HK$0.005 · +9.80%

Aug 21, 3:32 PM HKTData delayed

1146.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Huicheng International Holdings Ltd. specializes in the full scope of men's clothing, encompassing its design, production, promotion, and retail. The company's activities are divided into two primary divisions: Property Development, and Apparel Products and Accessories. It was established on March 7, 2011, and its main office is situated in Shanghai, China.

Industry
Apparel - Manufacturers
Sector
Consumer Cyclical
Headquarters
CN
CEO
Yongli Zhang
Listed since
Dec 9, 2011
Employees
194

Market position

52-week range

Current HK$0.056

Open
HK$0.056
Previous close
HK$0.051
Volume
548K
0.29× average
Average volume
1.87M
Average daily volume
Market cap
192.95M HKD
Beta
0.2
Market reference 1
50-day average
HK$0.0545
+2.79% above average
200-day average
HK$0.0476
+17.70% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-1.76×
P/B (TTM)
0.19×
P/S (TTM)
1.19×
Dividend yield
17.86%

Profitability & efficiency

Gross margin
48.92%
Operating margin
-74.96%
Net margin
-67.01%

Financial health

Debt / equity
0.02×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends78%5%-67%-140%Gross margin, FY2021: 60.16%Gross margin, FY2022: 39.39%Gross margin, FY2023: 48.79%Gross margin, FY2024: 51.97%Gross margin, FY2025: 48.92%Operating margin, FY2021: -39.51%Operating margin, FY2022: -100.83%Operating margin, FY2023: -60.21%Operating margin, FY2024: -78.36%Operating margin, FY2025: -74.96%Net margin, FY2021: -46.93%Net margin, FY2022: -122.11%Net margin, FY2023: -68.63%Net margin, FY2024: -70.10%Net margin, FY2025: -67.01%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 60.16%. Gross margin FY2022 39.39%. Gross margin FY2023 48.79%. Gross margin FY2024 51.97%. Gross margin FY2025 48.92%. Operating margin FY2021 -39.51%. Operating margin FY2022 -100.83%. Operating margin FY2023 -60.21%. Operating margin FY2024 -78.36%. Operating margin FY2025 -74.96%. Net margin FY2021 -46.93%. Net margin FY2022 -122.11%. Net margin FY2023 -68.63%. Net margin FY2024 -70.10%. Net margin FY2025 -67.01%.

Income trends

Revenue

139.44M HKD-10.66%

Operating income

−104.52M HKD+14.54%

Net income

−93.44M HKD+14.60%
Income trends across reported periods381.08M HKD150.8M HKD−79.47M HKD−309.75M HKDRevenue, FY2021: 323.51M HKDRevenue, FY2022: 206.52M HKDRevenue, FY2023: 207.66M HKDRevenue, FY2024: 156.08M HKDRevenue, FY2025: 139.44M HKDOperating income, FY2021: −127.83M HKDOperating income, FY2022: −208.23M HKDOperating income, FY2023: −125.03M HKDOperating income, FY2024: −122.31M HKDOperating income, FY2025: −104.52M HKDNet income, FY2021: −151.82M HKDNet income, FY2022: −252.18M HKDNet income, FY2023: −142.52M HKDNet income, FY2024: −109.41M HKDNet income, FY2025: −93.44M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 323.51M HKD. Revenue FY2022 206.52M HKD. Revenue FY2023 207.66M HKD. Revenue FY2024 156.08M HKD. Revenue FY2025 139.44M HKD. Operating income FY2021 −127.83M HKD. Operating income FY2022 −208.23M HKD. Operating income FY2023 −125.03M HKD. Operating income FY2024 −122.31M HKD. Operating income FY2025 −104.52M HKD. Net income FY2021 −151.82M HKD. Net income FY2022 −252.18M HKD. Net income FY2023 −142.52M HKD. Net income FY2024 −109.41M HKD. Net income FY2025 −93.44M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue139.44M HKD156.08M HKD207.66M HKD206.52M HKD323.51M HKD
Cost of goods sold71.22M HKD74.97M HKD106.35M HKD125.16M HKD128.9M HKD
Gross profit68.22M HKD81.12M HKD101.31M HKD81.36M HKD194.61M HKD
Selling, general, and administrative187.96M HKD194.98M HKD214.33M HKD242.23M HKD328.25M HKD
Operating expenses172.74M HKD203.42M HKD226.34M HKD289.62M HKD323.63M HKD
Interest income10.33M HKD12.34M HKD11.31M HKD5.6M HKD14.11M HKD
Interest expense312.69K HKD533K HKD539K HKD888K HKD2.04M HKD
Depreciation and amortization21.09M HKD21.04M HKD36.33M HKD49.11M HKD68.66M HKD
Operating income−104.52M HKD−122.31M HKD−125.03M HKD−208.23M HKD−127.83M HKD
Net income−93.44M HKD−109.41M HKD−142.52M HKD−252.18M HKD−151.82M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.02

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0.01-0.04-0.07-0.1Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual -0.018, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0.038, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 22, 2022: actual -0.026, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 25, 2023: actual -0.062, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 25, 2023: actual -0.022, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 23, 2024: actual -0.025, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 24, 2024: actual -0.014, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 21, 2025: actual -0.021, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.68B1.14B605.53M66.75MQ2 '21No estimateQ4 '21No estimateQ3 '22MissQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24No estimateQ1 '25No estimate
Q2 2021, reported Jun 30, 2021: actual 201.18M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 190.94M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 22, 2022: actual 142.35M HKD, estimate 1.56B HKD, surprise -90.90%, Miss. Q1 2023, reported Mar 25, 2023: actual 96.72M HKD, estimate 1.56B HKD, surprise -93.82%, Miss. Q3 2023, reported Aug 25, 2023: actual 122.98M HKD, estimate 1.56B HKD, surprise -92.14%, Miss. Q1 2024, reported Mar 23, 2024: actual 103.97M HKD, estimate 1.56B HKD, surprise -93.35%, Miss. Q3 2024, reported Aug 24, 2024: actual 88.34M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 21, 2025: actual 78.53M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.02

2024 complete year-72.6% since 2012

2026 partial: HK$0.01

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 11, 2026

HK$0.01

Special

Record Jun 12, 2026 · Payment Jun 30, 2026

Dividend

Ex-dividend Jul 5, 2024

HK$0.02

Special

Record Jul 8, 2024 · Payment Jul 19, 2024

Dividend

Ex-dividend May 21, 2015

HK$0.037

Special

Record May 22, 2015 · Payment Jun 5, 2015

Dividend

Ex-dividend Sep 8, 2014

HK$0.12

Quarterly

Record Sep 10, 2014 · Payment Sep 16, 2014

Dividend

Ex-dividend May 15, 2014

HK$0.071

Annual

Dividend

Ex-dividend May 23, 2013

HK$0.018

Annual

Record May 24, 2013 · Payment Jun 7, 2013

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