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Wah Sun Handbags International Holdings Limited logo

Wah Sun Handbags International Holdings Limited

2683.HK

HKSEConsumer CyclicalPersonal Products & Services

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Latest quote

HK$1.085

−HK$0.005 · -0.46%

Aug 24, 9:20 AM HKTData delayed

2683.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Wah Sun Handbags International Holdings Limited, an investment holding company, manufactures and trades in non-leather hand-bag products in the United States, Canada, the Netherlands, China, and internationally. Its non-leather handbags are made of synthetic leather, leatherette, vegan leather, and PU leather. The company was founded in 1989 and is headquartered in Sha Tin, Hong Kong. Wah Sun Handbags International Holdings Limited is a subsidiary of Wah Sun International Holdings Limited.

Industry
Personal Products & Services
Sector
Consumer Cyclical
Headquarters
HK
CEO
Hing Ming Ma
Listed since
Jan 22, 2018
Employees
4,514

Market position

52-week range

Current HK$1.085

Open
HK$1.085
Previous close
HK$1.09
Volume
10K
0.04× average
Average volume
228.67K
Average daily volume
Market cap
443.36M HKD
Beta
-0.21
Market reference 1
50-day average
HK$1.1125
-2.47% below average
200-day average
HK$1.1632
-6.73% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
296.37M HKD
P/E (TTM)
5.09×
P/B (TTM)
1.33×
P/S (TTM)
0.52×
EV / EBITDA
2.47×
Earnings yield
17.91%
Free cash flow yield
9.14%
Dividend yield
11.06%

Profitability & efficiency

Gross margin
23.56%
Operating margin
13.12%
Net margin
10.17%
Return on equity
25.99%
Return on assets
18.11%
Return on invested capital
24.45%

Financial health

Debt / equity
0.06×
Current ratio
3.24×
Altman Z-score
7.79
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends26%17%8%-0%Gross margin, FY2021: 20.67%Gross margin, FY2022: 15.13%Gross margin, FY2023: 17.66%Gross margin, FY2024: 22.04%Gross margin, FY2025: 23.56%Operating margin, FY2021: 8.81%Operating margin, FY2022: 2.66%Operating margin, FY2023: 5.71%Operating margin, FY2024: 11.27%Operating margin, FY2025: 12.82%Net margin, FY2021: 6.40%Net margin, FY2022: 1.90%Net margin, FY2023: 4.80%Net margin, FY2024: 8.88%Net margin, FY2025: 10.17%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 20.67%. Gross margin FY2022 15.13%. Gross margin FY2023 17.66%. Gross margin FY2024 22.04%. Gross margin FY2025 23.56%. Operating margin FY2021 8.81%. Operating margin FY2022 2.66%. Operating margin FY2023 5.71%. Operating margin FY2024 11.27%. Operating margin FY2025 12.82%. Net margin FY2021 6.40%. Net margin FY2022 1.90%. Net margin FY2023 4.80%. Net margin FY2024 8.88%. Net margin FY2025 10.17%.

Income trends

Revenue

849.54M HKD+17.32%

Operating income

108.9M HKD+33.46%

Net income

86.37M HKD+34.38%
Income trends across reported periods933.65M HKD597.23M HKD260.81M HKD−75.61M HKDRevenue, FY2021: 617.59M HKDRevenue, FY2022: 446.52M HKDRevenue, FY2023: 594.41M HKDRevenue, FY2024: 724.1M HKDRevenue, FY2025: 849.54M HKDOperating income, FY2021: 54.4M HKDOperating income, FY2022: 11.9M HKDOperating income, FY2023: 33.97M HKDOperating income, FY2024: 81.59M HKDOperating income, FY2025: 108.9M HKDNet income, FY2021: 39.54M HKDNet income, FY2022: 8.5M HKDNet income, FY2023: 28.5M HKDNet income, FY2024: 64.27M HKDNet income, FY2025: 86.37M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 617.59M HKD. Revenue FY2022 446.52M HKD. Revenue FY2023 594.41M HKD. Revenue FY2024 724.1M HKD. Revenue FY2025 849.54M HKD. Operating income FY2021 54.4M HKD. Operating income FY2022 11.9M HKD. Operating income FY2023 33.97M HKD. Operating income FY2024 81.59M HKD. Operating income FY2025 108.9M HKD. Net income FY2021 39.54M HKD. Net income FY2022 8.5M HKD. Net income FY2023 28.5M HKD. Net income FY2024 64.27M HKD. Net income FY2025 86.37M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue849.54M HKD724.1M HKD594.41M HKD446.52M HKD617.59M HKD
Cost of goods sold649.42M HKD564.52M HKD489.41M HKD378.96M HKD489.96M HKD
Gross profit200.12M HKD159.58M HKD105M HKD67.55M HKD127.63M HKD
Selling, general, and administrative92.77M HKD85.32M HKD75.79M HKD67.64M HKD72.01M HKD
Operating expenses91.22M HKD77.98M HKD71.03M HKD62.75M HKD70.7M HKD
Interest income4.52M HKD3.96M HKD3.35M HKD1.01M HKD91K HKD
Interest expense3.76M HKD3.07M HKD4.4M HKD3.21M HKD2.15M HKD
Depreciation and amortization11.07M HKD11.51M HKD9.49M HKD10.01M HKD9.07M HKD
Operating income108.9M HKD81.59M HKD33.97M HKD11.9M HKD54.4M HKD
Net income86.37M HKD64.27M HKD28.5M HKD8.5M HKD39.54M HKD

Company facts updated Aug 24, 2026.

Corporate actions

Annual dividends per share

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

HK$0.12

2025 complete year+500.0% since 2021

Corporate action history

DividendUpcoming

Ex-dividend Oct 6, 2026

HK$0.06

Special

Record Oct 8, 2026 · Payment Oct 30, 2026

Dividend

Ex-dividend Dec 15, 2025

HK$0.06

Special

Record Dec 17, 2025 · Payment Jan 9, 2026

Dividend

Ex-dividend Oct 6, 2025

HK$0.06

Special

Record Oct 9, 2025 · Payment Oct 31, 2025

Dividend

Ex-dividend Dec 30, 2024

HK$0.04

Special

Record Dec 31, 2024 · Payment Jan 17, 2025

Dividend

Ex-dividend Oct 8, 2024

HK$0.03

Special

Record Oct 9, 2024 · Payment Oct 31, 2024

Dividend

Ex-dividend Dec 29, 2023

HK$0.03

Special

Record Jan 2, 2024 · Payment Jan 19, 2024

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