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Hengdeli Holdings Limited logo

Hengdeli Holdings Limited

3389.HK

HKSEIndustrialsConglomerates

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Latest quote

HK$0.265

−HK$0.02 · -7.02%

Aug 24, 4:08 PM HKT

3389.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Hengdeli Holdings Limited, alongside its associated companies, primarily operates in the retail and wholesale markets for watches and fine jewelry. The group also undertakes the design, production, and fitting out of commercial spaces. Additionally, its business includes the manufacturing and distribution of watch components and packaging materials. Established in 1957, the company's corporate headquarters are located in Tsim Sha Tsui, Hong Kong.

Industry
Conglomerates
Sector
Industrials
Headquarters
HK
CEO
Wing Lun Cheung
Listed since
Sep 26, 2005
Employees
1,260

Market position

Day range

Current HK$0.265

52-week range

Current HK$0.265

Open
HK$0.285
Previous close
HK$0.285
Volume
1.62M
0.33× average
Average volume
4.95M
Average daily volume
Market cap
1.17B HKD
Beta
0.13
Market reference 1
50-day average
HK$0.2562
+3.45% above average
200-day average
HK$0.1966
+34.83% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
-611.53M CNY
P/E (TTM)
-11.83×
P/B (TTM)
0.35×
P/S (TTM)
1.71×
EV / EBITDA
10.35×
Earnings yield
-4.89%
Free cash flow yield
20.10%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
25.63%
Operating margin
-17.32%
Net margin
-14.47%
Return on equity
-0.89%
Return on assets
-0.80%
Return on invested capital
-0.29%

Financial health

Debt / equity
0.03×
Current ratio
9.1×
Altman Z-score
3.86
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends29%15%0%-14%Gross margin, FY2021: 15.71%Gross margin, FY2022: 11.89%Gross margin, FY2023: 15.14%Gross margin, FY2024: 14.25%Gross margin, FY2025: 25.20%Operating margin, FY2021: 0.18%Operating margin, FY2022: -10.09%Operating margin, FY2023: 1.57%Operating margin, FY2024: -6.26%Operating margin, FY2025: -1.44%Net margin, FY2021: 2.99%Net margin, FY2022: -7.70%Net margin, FY2023: 2.38%Net margin, FY2024: -6.24%Net margin, FY2025: -4.15%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 15.71%. Gross margin FY2022 11.89%. Gross margin FY2023 15.14%. Gross margin FY2024 14.25%. Gross margin FY2025 25.20%. Operating margin FY2021 0.18%. Operating margin FY2022 -10.09%. Operating margin FY2023 1.57%. Operating margin FY2024 -6.26%. Operating margin FY2025 -1.44%. Net margin FY2021 2.99%. Net margin FY2022 -7.70%. Net margin FY2023 2.38%. Net margin FY2024 -6.24%. Net margin FY2025 -4.15%.

Income trends

Revenue

648.95M CNY-37.81%

Operating income

−9.34M CNY+85.70%

Net income

−26.9M CNY+58.72%
Income trends across reported periods1.57B CNY963.56M CNY353.03M CNY−257.5M CNYRevenue, FY2021: 877.99M CNYRevenue, FY2022: 1.04B CNYRevenue, FY2023: 1.42B CNYRevenue, FY2024: 1.04B CNYRevenue, FY2025: 648.95M CNYOperating income, FY2021: 1.59M CNYOperating income, FY2022: −104.87M CNYOperating income, FY2023: 22.27M CNYOperating income, FY2024: −65.32M CNYOperating income, FY2025: −9.34M CNYNet income, FY2021: 26.28M CNYNet income, FY2022: −80.02M CNYNet income, FY2023: 33.89M CNYNet income, FY2024: −65.16M CNYNet income, FY2025: −26.9M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 877.99M CNY. Revenue FY2022 1.04B CNY. Revenue FY2023 1.42B CNY. Revenue FY2024 1.04B CNY. Revenue FY2025 648.95M CNY. Operating income FY2021 1.59M CNY. Operating income FY2022 −104.87M CNY. Operating income FY2023 22.27M CNY. Operating income FY2024 −65.32M CNY. Operating income FY2025 −9.34M CNY. Net income FY2021 26.28M CNY. Net income FY2022 −80.02M CNY. Net income FY2023 33.89M CNY. Net income FY2024 −65.16M CNY. Net income FY2025 −26.9M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue648.95M CNY1.04B CNY1.42B CNY1.04B CNY877.99M CNY
Cost of goods sold485.4M CNY894.8M CNY1.21B CNY915.69M CNY879.1M CNY
Gross profit163.55M CNY148.76M CNY215.27M CNY123.59M CNY137.92M CNY
Selling, general, and administrative231.56M CNY254.03M CNY233.91M CNY188.8M CNY183.61M CNY
Operating expenses172.89M CNY214.08M CNY193M CNY228.46M CNY136.33M CNY
Interest income30.52M CNY41.21M CNY34.23M CNY15.38M CNY15.01M CNY
Interest expense2.14M CNY4M CNY5.39M CNY3.29M CNY3.11M CNY
Depreciation and amortization43.65M CNY42.17M CNY53.11M CNY35.81M CNY42.76M CNY
Operating income−9.34M CNY−65.32M CNY22.27M CNY−104.87M CNY1.59M CNY
Net income−26.9M CNY−65.16M CNY33.89M CNY−80.02M CNY26.28M 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 estimates0.050.01-0.02-0.06Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26Q3 '26
Q1 2023, reported Mar 21, 2023: actual -0.013, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 22, 2023: actual -0.001, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 20, 2024: actual 0.009, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 21, 2024: actual -0.001, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 20, 2025: actual -0.015, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 20, 2025: actual 0.007, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual -0.013, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 20, 2026: actual -0.008, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates868.43M660.89M453.34M245.8MQ1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26Q3 '26
Q1 2023, reported Mar 21, 2023: actual 582.12M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 22, 2023: actual 730.63M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 20, 2024: actual 825.49M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 21, 2024: actual 623.25M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 20, 2025: actual 492.75M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 20, 2025: actual 343.89M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual 372.29M HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 20, 2026: actual 288.74M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.038

2019 complete year+4.5% since 2013

Corporate action history

Dividend

Ex-dividend Aug 29, 2019

HK$0.038

Quarterly

Record Aug 30, 2019 · Payment Sep 13, 2019

Dividend

Ex-dividend Aug 10, 2017

HK$0.28

Annual

Record Aug 11, 2017 · Payment Sep 1, 2017

Dividend

Ex-dividend May 19, 2015

HK$0.032

Annual

Record May 20, 2015 · Payment Jun 8, 2015

Dividend

Ex-dividend May 20, 2014

HK$0.025

Annual

Record May 21, 2014 · Payment Jun 6, 2014

Dividend

Ex-dividend May 20, 2013

HK$0.0364

Annual

Record May 21, 2013 · Payment May 30, 2013

Dividend

Ex-dividend May 10, 2012

HK$0.064

Annual

Record May 11, 2012 · Payment May 22, 2012

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