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Tian Tu Capital Co., Ltd. logo

Tian Tu Capital Co., Ltd.

1973.HK

HKSEFinancial ServicesAsset Management

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Latest quote

HK$2.10

+HK$0.10 · +5.00%

Aug 24, 2:25 PM HKTData delayed

1973.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Tian Tu Capital Co., Ltd. is a private equity and venture capital firm specializing in investments in small and medium sized companies in early-stage, growth capital, late stage, mature and Pre-IPO stages. It primarily invests in the field of consumer products and brands sector covering consumer upgrade, innovative consumption, recreational, cultural and sports consumption, food, new retail, consumer retail, healthcare, artificial intelligence, life sciences, consumer finance, consumer technology and other areas closely related to consumer lifestyles. The firm primarily invests in China. The firm prefers to be a lead investor. It integrates ESG into its investment practice. Tian Tu Capital Co., Ltd. was founded in 2002 and is based in Shenzhen, China with additional offices in Beijing, China; Shanghai, China; and Hong Kong, Hong Kong.

Industry
Asset Management
Sector
Financial Services
Headquarters
CN
CEO
Wei Dong Feng
Listed since
Oct 6, 2023
Employees
72

Market position

52-week range

Current HK$2.10

Open
HK$2.10
Previous close
HK$2.00
Volume
2K
0.02× average
Average volume
89.35K
Average daily volume
Market cap
363.84M HKD
Beta
-0.92
Market reference 1
50-day average
HK$2.1744
-3.42% below average
200-day average
HK$2.5821
-18.67% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.89B CNY
P/E (TTM)
15.1×
P/B (TTM)
0.19×
P/S (TTM)
0.36×
EV / EBITDA
10.43×
Earnings yield
8.48%
Free cash flow yield
-3.71%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
92.87%
Operating margin
-11.49%
Net margin
9.72%
Return on equity
2.91%
Return on assets
1.41%
Return on invested capital
1.05%

Financial health

Debt / equity
0.08×
Current ratio
183.57×
Altman Z-score
0.37
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends442%282%122%-38%Gross margin, FY2021: 21.06%Gross margin, FY2022: 11.69%Gross margin, FY2023: 2.33%Gross margin, FY2024: 109.49%Gross margin, FY2025: 77.26%Operating margin, FY2021: 39.52%Operating margin, FY2022: 65.11%Operating margin, FY2023: 107.95%Operating margin, FY2024: 109.50%Operating margin, FY2025: 299.53%Net margin, FY2021: 35.54%Net margin, FY2022: 47.86%Net margin, FY2023: 113.51%Net margin, FY2024: 134.62%Net margin, FY2025: 402.43%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 21.06%. Gross margin FY2022 11.69%. Gross margin FY2023 2.33%. Gross margin FY2024 109.49%. Gross margin FY2025 77.26%. Operating margin FY2021 39.52%. Operating margin FY2022 65.11%. Operating margin FY2023 107.95%. Operating margin FY2024 109.50%. Operating margin FY2025 299.53%. Net margin FY2021 35.54%. Net margin FY2022 47.86%. Net margin FY2023 113.51%. Net margin FY2024 134.62%. Net margin FY2025 402.43%.

Income trends

Revenue

47.4M CNY+709.64M CNY

Operating income

141.97M CNY+867.1M CNY

Net income

190.74M CNY+1.08B CNY
Income trends across reported periods2.32B CNY1.15B CNY−16.35M CNY−1.18B CNYRevenue, FY2021: 2.03B CNYRevenue, FY2022: 1.17B CNYRevenue, FY2023: −769.09M CNYRevenue, FY2024: −662.24M CNYRevenue, FY2025: 47.4M CNYOperating income, FY2021: 800.43M CNYOperating income, FY2022: 760.82M CNYOperating income, FY2023: −830.25M CNYOperating income, FY2024: −725.13M CNYOperating income, FY2025: 141.97M CNYNet income, FY2021: 719.82M CNYNet income, FY2022: 559.29M CNYNet income, FY2023: −872.96M CNYNet income, FY2024: −891.49M CNYNet income, FY2025: 190.74M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.03B CNY. Revenue FY2022 1.17B CNY. Revenue FY2023 −769.09M CNY. Revenue FY2024 −662.24M CNY. Revenue FY2025 47.4M CNY. Operating income FY2021 800.43M CNY. Operating income FY2022 760.82M CNY. Operating income FY2023 −830.25M CNY. Operating income FY2024 −725.13M CNY. Operating income FY2025 141.97M CNY. Net income FY2021 719.82M CNY. Net income FY2022 559.29M CNY. Net income FY2023 −872.96M CNY. Net income FY2024 −891.49M CNY. Net income FY2025 190.74M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue47.4M CNY−662.24M CNY−769.09M CNY1.17B CNY2.03B CNY
Cost of goods sold10.78M CNY62.83M CNY40.59M CNY61.36M CNY46.73M CNY
Gross profit36.62M CNY−725.07M CNY−17.93M CNY136.64M CNY426.59M CNY
Research and development————11.36M CNY
Selling, general, and administrative—58K CNY28.31M CNY171.85M CNY378.53M CNY
Operating expenses−105.35M CNY58K CNY1.67B CNY288.75M CNY544.54M CNY
Interest income70.77M CNY——6.96M CNY—
Interest expense46.75M CNY67.17M CNY69.56M CNY118.67M CNY150.44M CNY
Depreciation and amortization10.78M CNY1.39M CNY13.39M CNY25.49M CNY94.11M CNY
Operating income141.97M CNY−725.13M CNY−830.25M CNY760.82M CNY800.43M CNY
Net income190.74M CNY−891.49M CNY−872.96M CNY559.29M CNY719.82M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.13

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.22-0.28-0.78-1.28Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q1 2024, reported Mar 28, 2024: actual -0.573, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual -1.17, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 0.058, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual 0.12, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 31, 2026: actual -0.125, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates850.85M401.28M-48.29M-497.87MQ1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q1 2024, reported Mar 28, 2024: actual -404.85M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 23.55M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 60.09M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual 15.55M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 31, 2026: actual 757.83M HKD, estimate —, surprise —, Comparison unavailable.

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