China Partytime Culture Holdings Limited logo

China Partytime Culture Holdings Limited

1532.HK

HKSEConsumer CyclicalApparel - Manufacturers

Latest quote

HK$0.157

+HK$0.004 · +2.61%

Aug 20, 10:27 AM HKT

1532.HK company overview

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Company profile

Company website

China Partytime Culture Holdings Limited operates as an investment holding company, specializing in the design, production, marketing, and sale of both cosplay merchandise and intimate apparel within the People's Republic of China. Its operations are organized into distinct segments: Wigs, Clothing and Miscellaneous items, and the leasing of factory premises. The company offers a wide array of role-playing products, including elaborate costumes for parties and role-playing, along with wigs. These items draw inspiration from various sources, such as popular animated characters, comics, cartoons, traditional fairy tales, films, video game personas, and seasonal themes like Halloween and Christmas. In addition to these, it sells undergarments and provides factory space for rent. The firm markets its product lines under the brand names Party Time, Secret Temptation, and Styler. Furthermore, China Partytime Culture exports its goods to roughly ten countries and regions, including key markets like the United States, Germany, the United Kingdom, Japan, and Australia. Established in 2004, and based in Yichun, PRC, the company adopted its current name in April 2015, having previously been known as China Animation Culture Group Holding Co., Ltd.

Industry
Apparel - Manufacturers
Sector
Consumer Cyclical
Headquarters
CN
CEO
Chengwu Xu
Listed since
Oct 16, 2015
Employees
369

Market position

52-week range

Current HK$0.157

Open
HK$0.157
Previous close
HK$0.153
Volume
12K
0.05× average
Average volume
246.49K
Average daily volume
Market cap
283.74M HKD
Beta
-0.68
Market reference 1
50-day average
HK$0.1293
+21.42% above average
200-day average
HK$0.1127
+39.30% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
119.13M CNY
P/E (TTM)
-2.56×
P/B (TTM)
0.94×
P/S (TTM)
1.26×
EV / EBITDA
-3.95×
Earnings yield
-44.97%
Free cash flow yield
-43.28%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
16.68%
Operating margin
-49.70%
Net margin
-37.82%
Return on equity
-30.86%
Return on assets
-28.47%
Return on invested capital
-29.94%

Financial health

Debt / equity
0.04×
Current ratio
5.24×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends34%7%-21%-48%Gross margin, FY2021: 27.24%Gross margin, FY2022: 24.93%Gross margin, FY2023: 24.47%Gross margin, FY2024: 19.39%Gross margin, FY2025: 16.62%Operating margin, FY2021: -5.49%Operating margin, FY2022: -2.09%Operating margin, FY2023: -3.45%Operating margin, FY2024: -29.46%Operating margin, FY2025: -41.54%Net margin, FY2021: -7.32%Net margin, FY2022: -5.03%Net margin, FY2023: -6.73%Net margin, FY2024: -27.83%Net margin, FY2025: -41.20%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.24%. Gross margin FY2022 24.93%. Gross margin FY2023 24.47%. Gross margin FY2024 19.39%. Gross margin FY2025 16.62%. Operating margin FY2021 -5.49%. Operating margin FY2022 -2.09%. Operating margin FY2023 -3.45%. Operating margin FY2024 -29.46%. Operating margin FY2025 -41.54%. Net margin FY2021 -7.32%. Net margin FY2022 -5.03%. Net margin FY2023 -6.73%. Net margin FY2024 -27.83%. Net margin FY2025 -41.20%.

Income trends

Revenue

193.63M CNY-19.43%

Operating income

−80.43M CNY-13.59%

Net income

−79.78M CNY-19.28%
Income trends across reported periods399.29M CNY224.84M CNY50.4M CNY−124.04M CNYRevenue, FY2021: 242.21M CNYRevenue, FY2022: 301.11M CNYRevenue, FY2023: 355.68M CNYRevenue, FY2024: 240.33M CNYRevenue, FY2025: 193.63M CNYOperating income, FY2021: −13.31M CNYOperating income, FY2022: −6.31M CNYOperating income, FY2023: −12.29M CNYOperating income, FY2024: −70.81M CNYOperating income, FY2025: −80.43M CNYNet income, FY2021: −17.72M CNYNet income, FY2022: −15.14M CNYNet income, FY2023: −23.93M CNYNet income, FY2024: −66.88M CNYNet income, FY2025: −79.78M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 242.21M CNY. Revenue FY2022 301.11M CNY. Revenue FY2023 355.68M CNY. Revenue FY2024 240.33M CNY. Revenue FY2025 193.63M CNY. Operating income FY2021 −13.31M CNY. Operating income FY2022 −6.31M CNY. Operating income FY2023 −12.29M CNY. Operating income FY2024 −70.81M CNY. Operating income FY2025 −80.43M CNY. Net income FY2021 −17.72M CNY. Net income FY2022 −15.14M CNY. Net income FY2023 −23.93M CNY. Net income FY2024 −66.88M CNY. Net income FY2025 −79.78M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue193.63M CNY240.33M CNY355.68M CNY301.11M CNY242.21M CNY
Cost of goods sold161.45M CNY193.74M CNY268.64M CNY226.06M CNY176.23M CNY
Gross profit32.18M CNY46.59M CNY87.04M CNY75.06M CNY65.99M CNY
Research and development26.71M CNY31.4M CNY26.48M CNY19.57M CNY21.6M CNY
Selling, general, and administrative92.82M CNY102.4M CNY101.46M CNY101.21M CNY91.77M CNY
Operating expenses112.61M CNY117.4M CNY99.33M CNY81.37M CNY79.3M CNY
Interest income1.2M CNY841K CNY346K CNY231K CNY161K CNY
Interest expense605.9K CNY579K CNY2.57M CNY4.62M CNY4.54M CNY
Depreciation and amortization15.87M CNY23.43M CNY23.61M CNY30.85M CNY38.52M CNY
Operating income−80.43M CNY−70.81M CNY−12.29M CNY−6.31M CNY−13.31M CNY
Net income−79.78M CNY−66.88M CNY−23.93M CNY−15.14M CNY−17.72M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.04

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.040-0.04-0.08Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual -0.007, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0.014, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 26, 2022: actual -0.001, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual -0.013, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 25, 2023: actual -0.002, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual -0.016, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 0.001, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual -0.041, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates870.92M603.43M335.93M68.44MQ2 '21No estimateQ4 '21No estimateQ3 '22MissQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24No estimateQ1 '25No estimate
Q2 2021, reported Jun 30, 2021: actual 122.38M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 171.76M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 26, 2022: actual 188.85M HKD, estimate 812.37M HKD, surprise -76.75%, Miss. Q1 2023, reported Mar 31, 2023: actual 159.22M HKD, estimate 812.37M HKD, surprise -80.40%, Miss. Q3 2023, reported Aug 25, 2023: actual 206.76M HKD, estimate 812.37M HKD, surprise -74.55%, Miss. Q1 2024, reported Mar 28, 2024: actual 182.05M HKD, estimate 812.37M HKD, surprise -77.59%, Miss. Q3 2024, reported Aug 30, 2024: actual 176.81M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 80.52M HKD, estimate —, surprise —, Comparison unavailable.

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