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Tsit Wing International Holdings Limited logo

Tsit Wing International Holdings Limited

2119.HK

HKSEConsumer DefensiveBeverages - Non-Alcoholic

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Latest quote

HK$0.47

+HK$0.015 · +3.30%

Aug 24, 10:52 AM HKTData delayed

2119.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Tsit Wing International Holdings Limited, an investment holding entity, supplies a wide array of beverages and food products to customers across Hong Kong, mainland China, Canada, Australia, the United States, Taiwan, the Philippines, Malaysia, Singapore, and Macau. The company's operations are divided into two primary divisions. Its Beverage Solutions segment is dedicated to the processing and distribution of coffee, tea, and related items. This division also markets food and drink products, sells coffee machinery, manages its own food and beverage establishments, and offers rental services for coffee and tea equipment. The Food Products segment focuses on the trade of frozen goods. Additionally, the company is involved in coffee bean processing and provides catering training programs. Founded in 1932, Tsit Wing International Holdings Limited maintains its headquarters in Kwai Chung, Hong Kong, and functions as a subsidiary of Hero Valour Limited.

Industry
Beverages - Non-Alcoholic
Sector
Consumer Defensive
Headquarters
HK
CEO
Tat Tong Wong
Listed since
May 11, 2018
Employees
374

Market position

52-week range

Current HK$0.47

Open
HK$0.47
Previous close
HK$0.455
Volume
130K
1.23× average
Average volume
105.94K
Average daily volume
Market cap
338.74M HKD
Beta
0.31
Market reference 1
50-day average
HK$0.468
+0.43% above average
200-day average
HK$0.5061
-7.13% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
8.15×
P/B (TTM)
0.61×
P/S (TTM)
0.42×
Dividend yield
6.94%

Profitability & efficiency

Gross margin
24.94%
Operating margin
5.80%
Net margin
5.15%

Financial health

Debt / equity
0.03×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends42%29%15%2%Gross margin, FY2021: 38.99%Gross margin, FY2022: 33.73%Gross margin, FY2023: 32.86%Gross margin, FY2024: 34.11%Gross margin, FY2025: 28.14%Operating margin, FY2021: 13.14%Operating margin, FY2022: 6.75%Operating margin, FY2023: 7.62%Operating margin, FY2024: 8.77%Operating margin, FY2025: 6.30%Net margin, FY2021: 10.46%Net margin, FY2022: 6.81%Net margin, FY2023: 6.68%Net margin, FY2024: 8.19%Net margin, FY2025: 5.41%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 38.99%. Gross margin FY2022 33.73%. Gross margin FY2023 32.86%. Gross margin FY2024 34.11%. Gross margin FY2025 28.14%. Operating margin FY2021 13.14%. Operating margin FY2022 6.75%. Operating margin FY2023 7.62%. Operating margin FY2024 8.77%. Operating margin FY2025 6.30%. Net margin FY2021 10.46%. Net margin FY2022 6.81%. Net margin FY2023 6.68%. Net margin FY2024 8.19%. Net margin FY2025 5.41%.

Income trends

Revenue

789.16M HKD+9.44%

Operating income

49.71M HKD-21.36%

Net income

42.73M HKD-27.69%
Income trends across reported periods863.8M HKD565.23M HKD266.66M HKD−31.91M HKDRevenue, FY2021: 766.79M HKDRevenue, FY2022: 695.94M HKDRevenue, FY2023: 728.93M HKDRevenue, FY2024: 721.12M HKDRevenue, FY2025: 789.16M HKDOperating income, FY2021: 100.75M HKDOperating income, FY2022: 46.95M HKDOperating income, FY2023: 55.57M HKDOperating income, FY2024: 63.21M HKDOperating income, FY2025: 49.71M HKDNet income, FY2021: 80.24M HKDNet income, FY2022: 47.42M HKDNet income, FY2023: 48.71M HKDNet income, FY2024: 59.09M HKDNet income, FY2025: 42.73M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 766.79M HKD. Revenue FY2022 695.94M HKD. Revenue FY2023 728.93M HKD. Revenue FY2024 721.12M HKD. Revenue FY2025 789.16M HKD. Operating income FY2021 100.75M HKD. Operating income FY2022 46.95M HKD. Operating income FY2023 55.57M HKD. Operating income FY2024 63.21M HKD. Operating income FY2025 49.71M HKD. Net income FY2021 80.24M HKD. Net income FY2022 47.42M HKD. Net income FY2023 48.71M HKD. Net income FY2024 59.09M HKD. Net income FY2025 42.73M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue789.16M HKD721.12M HKD728.93M HKD695.94M HKD766.79M HKD
Cost of goods sold567.1M HKD475.16M HKD489.43M HKD461.18M HKD467.82M HKD
Gross profit222.06M HKD245.96M HKD239.5M HKD234.76M HKD298.98M HKD
Selling, general, and administrative172.34M HKD182.75M HKD182.16M HKD183.67M HKD195.78M HKD
Operating expenses172.34M HKD182.75M HKD182.16M HKD183.67M HKD195.78M HKD
Interest income3.54M HKD5.24M HKD5.29M HKD2.45M HKD1.77M HKD
Interest expense1.56M HKD1.78M HKD1.04M HKD892K HKD864K HKD
Depreciation and amortization24.43M HKD37.88M HKD39.29M HKD40.79M HKD39.24M HKD
Operating income49.71M HKD63.21M HKD55.57M HKD46.95M HKD100.75M HKD
Net income42.73M HKD59.09M HKD48.71M HKD47.42M HKD80.24M HKD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 1 miss, 0 met estimates
Average EPS surprise
-68.51%
1 comparable report
Latest EPS result
0.03

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.070.050.030.01Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q1 '26Q3 '26
Q3 2022, reported Aug 18, 2022: actual 0.015, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 2, 2023: actual 0.018, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 17, 2023: actual 0.015, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 0.019, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 15, 2024: actual 0.025, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 6, 2025: actual 0.016, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 12, 2026: actual 0.025, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 17, 2026: actual 0.033, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.18B833.43M486.63M139.82MQ3 '22No estimateQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24MissQ1 '25No estimateQ1 '26No estimateQ3 '26No estimate
Q3 2022, reported Aug 18, 2022: actual 164.49M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 2, 2023: actual 183.48M HKD, estimate 1.11B HKD, surprise -83.40%, Miss. Q3 2023, reported Aug 17, 2023: actual 179.69M HKD, estimate 1.11B HKD, surprise -83.74%, Miss. Q1 2024, reported Mar 28, 2024: actual 184.77M HKD, estimate 1.11B HKD, surprise -83.28%, Miss. Q3 2024, reported Aug 15, 2024: actual 174.72M HKD, estimate 1.11B HKD, surprise -84.19%, Miss. Q1 2025, reported Mar 6, 2025: actual 185.84M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 12, 2026: actual 408.73M HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 17, 2026: actual 398.43M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.0406

2025 complete year-43.5% since 2021

2026 partial: HK$0.0136

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend May 4, 2026

HK$0.0136

Semi-Annual

Record May 6, 2026 · Payment May 21, 2026

Dividend

Ex-dividend Aug 27, 2025

HK$0.019

Semi-Annual

Record Aug 29, 2025 · Payment Sep 12, 2025

Dividend

Ex-dividend May 2, 2025

HK$0.0216

Semi-Annual

Record May 7, 2025 · Payment May 22, 2025

Dividend

Ex-dividend Aug 28, 2024

HK$0.0276

Semi-Annual

Record Aug 29, 2024 · Payment Sep 13, 2024

Dividend

Ex-dividend May 24, 2024

HK$0.0222

Semi-Annual

Record May 27, 2024 · Payment Jun 12, 2024

Dividend

Ex-dividend Feb 29, 2024

HK$0.1387

Special

Record Mar 1, 2024 · Payment Mar 11, 2024

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