Regal Partners Holdings Limited logo

Regal Partners Holdings Limited

1575.HK

HKSEConsumer CyclicalFurnishings, Fixtures & Appliances

Latest quote

HK$0.031

−HK$0.004 · -11.43%

Aug 24, 11:52 AM HKT

1575.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Regal Partners Holdings Limited, an investment holding company, designs, manufactures, and sells sofas, sofa covers, and other furniture products. It operates through Retail and Manufacturing segments. The company provides stationary sofas, motion sofas, and upholstered sofas, as well as sofas with smart home features comprising audio, massage, beverage cooling, Bluetooth, and USB port connections. It is also involved in the wholesale and trading of sofas and other furniture products; and retailing of sofa. The company offers its products under the Morrisofa brand through its flagship stores and a self-operated retail store. It operates in the People’s Republic of China, the United States, France, Norway, Spain, Ireland, the United Kingdom, and internationally. The company was formerly known as Morris Home Holdings Limited and changed its name to Regal Partners Holdings Limited in June 2024. Regal Partners Holdings Limited was founded in 2002 and is headquartered in Jiaxing, the People’s Republic of China.

Industry
Furnishings, Fixtures & Appliances
Sector
Consumer Cyclical
Headquarters
HK
CEO
Wing Kit Chan
Listed since
Jan 13, 2017
Employees
194

Market position

Day range

Current HK$0.031

52-week range

Current HK$0.031

Open
HK$0.032
Previous close
HK$0.035
Volume
478K
1.02× average
Average volume
466.56K
Average daily volume
Market cap
117.31M HKD
Beta
0.8
Market reference 1
50-day average
HK$0.0379
-18.12% below average
200-day average
HK$0.0482
-35.74% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
391.31M CNY
P/E (TTM)
-0.96×
P/B (TTM)
-0.29×
P/S (TTM)
1.53×
EV / EBITDA
-6.5×
Earnings yield
-70.95%
Free cash flow yield
-8.92%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
4.42%
Operating margin
-66.94%
Net margin
-132.55%
Return on equity
29.69%
Return on assets
-62.37%
Return on invested capital
193.11%

Financial health

Debt / equity
-0.93×
Current ratio
0.37×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends56%-21%-97%-174%Gross margin, FY2021: 19.82%Gross margin, FY2022: 1.52%Gross margin, FY2023: 36.95%Gross margin, FY2024: 23.30%Gross margin, FY2025: 4.42%Operating margin, FY2021: -17.07%Operating margin, FY2022: -154.80%Operating margin, FY2023: -40.84%Operating margin, FY2024: -93.49%Operating margin, FY2025: -66.94%Net margin, FY2021: -24.16%Net margin, FY2022: -151.26%Net margin, FY2023: -13.15%Net margin, FY2024: -73.35%Net margin, FY2025: -132.55%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.82%. Gross margin FY2022 1.52%. Gross margin FY2023 36.95%. Gross margin FY2024 23.30%. Gross margin FY2025 4.42%. Operating margin FY2021 -17.07%. Operating margin FY2022 -154.80%. Operating margin FY2023 -40.84%. Operating margin FY2024 -93.49%. Operating margin FY2025 -66.94%. Net margin FY2021 -24.16%. Net margin FY2022 -151.26%. Net margin FY2023 -13.15%. Net margin FY2024 -73.35%. Net margin FY2025 -132.55%.

Income trends

Revenue

65.75M CNY-44.98%

Operating income

−44.01M CNY+60.61%

Net income

−87.15M CNY+0.57%
Income trends across reported periods573.66M CNY290.75M CNY7.83M CNY−275.08M CNYRevenue, FY2021: 502.93M CNYRevenue, FY2022: 132.01M CNYRevenue, FY2023: 187.98M CNYRevenue, FY2024: 119.51M CNYRevenue, FY2025: 65.75M CNYOperating income, FY2021: −85.88M CNYOperating income, FY2022: −204.35M CNYOperating income, FY2023: −76.78M CNYOperating income, FY2024: −111.72M CNYOperating income, FY2025: −44.01M CNYNet income, FY2021: −121.51M CNYNet income, FY2022: −199.68M CNYNet income, FY2023: −24.73M CNYNet income, FY2024: −87.66M CNYNet income, FY2025: −87.15M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 502.93M CNY. Revenue FY2022 132.01M CNY. Revenue FY2023 187.98M CNY. Revenue FY2024 119.51M CNY. Revenue FY2025 65.75M CNY. Operating income FY2021 −85.88M CNY. Operating income FY2022 −204.35M CNY. Operating income FY2023 −76.78M CNY. Operating income FY2024 −111.72M CNY. Operating income FY2025 −44.01M CNY. Net income FY2021 −121.51M CNY. Net income FY2022 −199.68M CNY. Net income FY2023 −24.73M CNY. Net income FY2024 −87.66M CNY. Net income FY2025 −87.15M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue65.75M CNY119.51M CNY187.98M CNY132.01M CNY502.93M CNY
Cost of goods sold62.85M CNY91.66M CNY118.51M CNY130.01M CNY403.28M CNY
Gross profit2.9M CNY27.85M CNY69.46M CNY2M CNY99.66M CNY
Selling, general, and administrative46.5M CNY78.75M CNY113.65M CNY187.18M CNY180.49M CNY
Operating expenses46.92M CNY139.57M CNY146.24M CNY201.94M CNY182.47M CNY
Interest income9K CNY22K CNY63K CNY133K CNY529K CNY
Interest expense22.12M CNY19.89M CNY13.99M CNY7.5M CNY22.47M CNY
Depreciation and amortization3.14M CNY3.71M CNY30.04M CNY3.55M CNY11.71M CNY
Operating income−44.01M CNY−111.72M CNY−76.78M CNY−204.35M CNY−85.88M CNY
Net income−87.15M CNY−87.66M CNY−24.73M CNY−199.68M CNY−121.51M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.01

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.04-0.03-0.11-0.18Q1 '22Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q2 '25
Q1 2022, reported Mar 31, 2022: actual -0.106, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 30, 2022: actual -0.14, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual -0.047, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual -0.006, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual -0.004, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual -0.037, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 0.002, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 20, 2025: actual -0.011, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.88B1.26B651.96M38.98MQ1 '22No estimateQ3 '22MissQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24No estimateQ1 '25No estimateQ2 '25No estimate
Q1 2022, reported Mar 31, 2022: actual 279.22M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 30, 2022: actual 63.16M HKD, estimate 1.74B HKD, surprise -96.37%, Miss. Q1 2023, reported Mar 31, 2023: actual 88.91M HKD, estimate 1.74B HKD, surprise -94.90%, Miss. Q3 2023, reported Aug 31, 2023: actual 96.52M HKD, estimate 1.74B HKD, surprise -94.46%, Miss. Q1 2024, reported Mar 28, 2024: actual 109.26M HKD, estimate 1.74B HKD, surprise -93.73%, Miss. Q3 2024, reported Aug 30, 2024: actual 80.64M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 47.25M HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 20, 2025: actual 45.86M HKD, estimate —, surprise —, Comparison unavailable.

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