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Milan Station Holdings Limited logo

Milan Station Holdings Limited

1150.HK

HKSEConsumer CyclicalLuxury Goods

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Latest quote

HK$0.07

HK$0.00 · 0.00%

Aug 17, 1:17 PM HKT

1150.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Milan Station Holdings Limited operates as an investment holding company, with its core business centered on the retail of luxury goods, fashion accessories, and spa and wellness products. The company serves customers across Hong Kong, Macau, and Mainland China, offering a diverse inventory that includes both new and pre-owned handbags, timepieces, natural aroma and skincare items, and various other adornments. It manages a network of physical retail outlets branded as Milan Station, MS, and THANN, and also maintains a strong online sales presence. In addition to its primary commercial activities, Milan Station Holdings extends its operations into financial services, specifically money lending and securities trading. The company was established in 2007 and has its headquarters located in Kowloon, Hong Kong.

Industry
Luxury Goods
Sector
Consumer Cyclical
Headquarters
HK
CEO
Bo Hu
Listed since
May 23, 2011
Employees
20

Market position

Day range

Current HK$0.07

52-week range

Current HK$0.07

Open
HK$0.07
Previous close
HK$0.07
Volume
20K
0.22× average
Average volume
92.96K
Average daily volume
Market cap
73.99M HKD
Beta
-0.5
Market reference 1
50-day average
HK$0.0832
-15.89% below average
200-day average
HK$0.127
-44.86% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
198.58M HKD
P/E (TTM)
50×
P/B (TTM)
1.01×
P/S (TTM)
0.59×
EV / EBITDA
-13.8×
Earnings yield
0.84%
Free cash flow yield
-0.60%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
9.53%
Operating margin
2.63%
Net margin
1.20%
Return on equity
2.04%
Return on assets
1.33%
Return on invested capital
-13.33%

Financial health

Debt / equity
0.4×
Current ratio
3.95×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends35%12%-11%-34%Gross margin, FY2021: 28.95%Gross margin, FY2022: 23.48%Gross margin, FY2023: 14.57%Gross margin, FY2024: 7.43%Gross margin, FY2025: 9.53%Operating margin, FY2021: -0.07%Operating margin, FY2022: -13.66%Operating margin, FY2023: -15.18%Operating margin, FY2024: -28.59%Operating margin, FY2025: -12.13%Net margin, FY2021: 8.38%Net margin, FY2022: -19.66%Net margin, FY2023: -16.16%Net margin, FY2024: -23.57%Net margin, FY2025: 1.20%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 28.95%. Gross margin FY2022 23.48%. Gross margin FY2023 14.57%. Gross margin FY2024 7.43%. Gross margin FY2025 9.53%. Operating margin FY2021 -0.07%. Operating margin FY2022 -13.66%. Operating margin FY2023 -15.18%. Operating margin FY2024 -28.59%. Operating margin FY2025 -12.13%. Net margin FY2021 8.38%. Net margin FY2022 -19.66%. Net margin FY2023 -16.16%. Net margin FY2024 -23.57%. Net margin FY2025 1.20%.

Income trends

Revenue

125.27M HKD+11.99%

Operating income

−15.2M HKD+52.48%

Net income

1.5M HKD+27.86M HKD
Income trends across reported periods274.11M HKD157.76M HKD41.41M HKD−74.94M HKDRevenue, FY2021: 245.02M HKDRevenue, FY2022: 233.28M HKDRevenue, FY2023: 172.53M HKDRevenue, FY2024: 111.86M HKDRevenue, FY2025: 125.27M HKDOperating income, FY2021: −176K HKDOperating income, FY2022: −31.88M HKDOperating income, FY2023: −26.19M HKDOperating income, FY2024: −31.98M HKDOperating income, FY2025: −15.2M HKDNet income, FY2021: 20.53M HKDNet income, FY2022: −45.86M HKDNet income, FY2023: −27.88M HKDNet income, FY2024: −26.36M HKDNet income, FY2025: 1.5M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 245.02M HKD. Revenue FY2022 233.28M HKD. Revenue FY2023 172.53M HKD. Revenue FY2024 111.86M HKD. Revenue FY2025 125.27M HKD. Operating income FY2021 −176K HKD. Operating income FY2022 −31.88M HKD. Operating income FY2023 −26.19M HKD. Operating income FY2024 −31.98M HKD. Operating income FY2025 −15.2M HKD. Net income FY2021 20.53M HKD. Net income FY2022 −45.86M HKD. Net income FY2023 −27.88M HKD. Net income FY2024 −26.36M HKD. Net income FY2025 1.5M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue125.27M HKD111.86M HKD172.53M HKD233.28M HKD245.02M HKD
Cost of goods sold113.34M HKD103.55M HKD147.39M HKD178.51M HKD174.1M HKD
Gross profit11.93M HKD8.31M HKD25.14M HKD54.77M HKD70.92M HKD
Selling, general, and administrative27.13M HKD40.28M HKD51.33M HKD77.3M HKD71.01M HKD
Operating expenses27.13M HKD33.04M HKD51.96M HKD86.65M HKD71M HKD
Interest income1M HKD1.24M HKD3.04M HKD1.1M HKD1.13M HKD
Interest expense1.64M HKD1.63M HKD1.26M HKD968K HKD1M HKD
Depreciation and amortization811K HKD2.2M HKD11.99M HKD18.99M HKD19.18M HKD
Operating income−15.2M HKD−31.98M HKD−26.19M HKD−31.88M HKD−176K HKD
Net income1.5M HKD−26.36M HKD−27.88M HKD−45.86M HKD20.53M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.060.01-0.03-0.07Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q4 '23Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 0.013, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 0.015, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual -0.034, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 29, 2023: actual -0.025, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Sep 1, 2023: actual -0.014, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual -0.018, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual -0.024, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual -0.005, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates869.39M593.39M317.39M41.39MQ2 '21No estimateQ4 '21No estimateQ3 '22MissQ1 '23MissQ3 '23MissQ4 '23No estimateQ3 '24No estimateQ1 '25No estimate
Q2 2021, reported Jun 30, 2021: actual 112.83M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 132.19M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual 118.36M HKD, estimate 808.6M HKD, surprise -85.36%, Miss. Q1 2023, reported Mar 29, 2023: actual 114.92M HKD, estimate 808.6M HKD, surprise -85.79%, Miss. Q3 2023, reported Sep 1, 2023: actual 100M HKD, estimate 808.6M HKD, surprise -87.63%, Miss. Q4 2023, reported Dec 31, 2023: actual 72.52M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 63.16M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 48.7M HKD, estimate —, surprise —, Comparison unavailable.

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