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Topsports International Holdings Limited logo

Topsports International Holdings Limited

6110.HK

HKSEConsumer CyclicalApparel - Retail

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Latest quote

HK$1.155

−HK$0.03 · -2.53%

Aug 24, 11:03 AM HKT

6110.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Topsports International Holdings Limited, together with its subsidiaries, an investment holding company, engages in the trading of sportswear products in the People’s Republic of China. The company is involved in the leasing commercial spaces to other retailers for concessionaire sale; provision of information technology, media communication, and marketing services; operation of sports cities business. It sells its products through retail outlets, e-commerce platform, and wholesalers. The company was founded in 1999 and is headquartered in Kwai Chung, Hong Kong.

Industry
Apparel - Retail
Sector
Consumer Cyclical
Headquarters
HK
CEO
Wu Yu
Listed since
Oct 10, 2019
Employees
22,376

Market position

Day range

Current HK$1.155

52-week range

Current HK$1.155

Open
HK$1.19
Previous close
HK$1.185
Volume
19.7M
0.78× average
Average volume
25.19M
Average daily volume
Market cap
7.16B HKD
Beta
0.48
Market reference 1
50-day average
HK$1.7076
-32.36% below average
200-day average
HK$2.6536
-56.47% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
17.47B CNY
P/E (TTM)
4.83×
P/B (TTM)
0.71×
P/S (TTM)
0.24×
EV / EBITDA
6.33×
Earnings yield
7.11%
Free cash flow yield
13.95%
Dividend yield
26.97%

Profitability & efficiency

Gross margin
35.32%
Operating margin
5.61%
Net margin
4.94%
Return on equity
14.08%
Return on assets
8.63%
Return on invested capital
10.30%

Financial health

Debt / equity
0.4×
Current ratio
2.43×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends47%32%16%1%Gross margin, FY2021: 43.37%Gross margin, FY2022: 41.68%Gross margin, FY2023: 41.75%Gross margin, FY2024: 38.44%Gross margin, FY2025: 32.99%Operating margin, FY2021: 10.88%Operating margin, FY2022: 9.27%Operating margin, FY2023: 9.63%Operating margin, FY2024: 5.90%Operating margin, FY2025: 6.13%Net margin, FY2021: 7.67%Net margin, FY2022: 6.78%Net margin, FY2023: 7.65%Net margin, FY2024: 4.76%Net margin, FY2025: 4.92%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 43.37%. Gross margin FY2022 41.68%. Gross margin FY2023 41.75%. Gross margin FY2024 38.44%. Gross margin FY2025 32.99%. Operating margin FY2021 10.88%. Operating margin FY2022 9.27%. Operating margin FY2023 9.63%. Operating margin FY2024 5.90%. Operating margin FY2025 6.13%. Net margin FY2021 7.67%. Net margin FY2022 6.78%. Net margin FY2023 7.65%. Net margin FY2024 4.76%. Net margin FY2025 4.92%.

Income trends

Revenue

24.73B CNY-8.46%

Operating income

1.52B CNY-4.84%

Net income

1.22B CNY-5.36%
Income trends across reported periods34.94B CNY22.68B CNY10.41B CNY−1.85B CNYRevenue, FY2021: 31.88B CNYRevenue, FY2022: 27.07B CNYRevenue, FY2023: 28.93B CNYRevenue, FY2024: 27.01B CNYRevenue, FY2025: 24.73B CNYOperating income, FY2021: 3.47B CNYOperating income, FY2022: 2.51B CNYOperating income, FY2023: 2.79B CNYOperating income, FY2024: 1.59B CNYOperating income, FY2025: 1.52B CNYNet income, FY2021: 2.45B CNYNet income, FY2022: 1.84B CNYNet income, FY2023: 2.21B CNYNet income, FY2024: 1.29B CNYNet income, FY2025: 1.22B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 31.88B CNY. Revenue FY2022 27.07B CNY. Revenue FY2023 28.93B CNY. Revenue FY2024 27.01B CNY. Revenue FY2025 24.73B CNY. Operating income FY2021 3.47B CNY. Operating income FY2022 2.51B CNY. Operating income FY2023 2.79B CNY. Operating income FY2024 1.59B CNY. Operating income FY2025 1.52B CNY. Net income FY2021 2.45B CNY. Net income FY2022 1.84B CNY. Net income FY2023 2.21B CNY. Net income FY2024 1.29B CNY. Net income FY2025 1.22B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue24.73B CNY27.01B CNY28.93B CNY27.07B CNY31.88B CNY
Cost of goods sold16.57B CNY16.63B CNY16.85B CNY15.79B CNY18.05B CNY
Gross profit8.16B CNY10.38B CNY12.08B CNY11.28B CNY13.82B CNY
Selling, general, and administrative6.64B CNY8.82B CNY9.47B CNY9.07B CNY10.68B CNY
Operating expenses6.64B CNY8.79B CNY9.29B CNY8.85B CNY10.36B CNY
Interest income76.38M CNY84.6M CNY119.9M CNY104M CNY78.9M CNY
Interest expense90.4M CNY117.7M CNY147.3M CNY211.2M CNY217.8M CNY
Depreciation and amortization1.24B CNY1.46B CNY1.67B CNY2.22B CNY2.53B CNY
Operating income1.52B CNY1.59B CNY2.79B CNY2.51B CNY3.47B CNY
Net income1.22B CNY1.29B CNY2.21B CNY1.84B CNY2.45B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+3.86%
11 comparable reports
Latest EPS result
0.09
Estimate 0.08 · Beat by 14.28%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.270.20.130.06Q1 '23MissQ3 '23BeatQ2 '24BeatQ3 '24BeatQ2 '25MissQ3 '25BeatQ2 '26BeatQ4 '26Estimate
Q1 2023, reported Feb 28, 2023: actual 0.127, estimate 0.133, surprise -4.60%, Miss. Q3 2023, reported Aug 31, 2023: actual 0.233, estimate 0.227, surprise +2.73%, Beat. Q2 2024, reported May 22, 2024: actual 0.153, estimate 0.153, surprise +0.07%, Beat. Q3 2024, reported Aug 31, 2024: actual 0.155, estimate 0.154, surprise +0.58%, Beat. Q2 2025, reported May 21, 2025: actual 0.075, estimate 0.085, surprise -11.88%, Miss. Q3 2025, reported Aug 31, 2025: actual 0.138, estimate 0.131, surprise +4.88%, Beat. Q2 2026, reported May 27, 2026: actual 0.091, estimate 0.08, surprise +14.28%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 0.105, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates16.96B15.39B13.82B12.25BQ1 '23MissQ3 '23MissQ2 '24MissQ3 '24MissQ2 '25MissQ3 '25MissQ2 '26BeatQ4 '26Estimate
Q1 2023, reported Feb 28, 2023: actual 15.73B HKD, estimate 15.81B HKD, surprise -0.52%, Miss. Q3 2023, reported Aug 31, 2023: actual 15.33B HKD, estimate 15.73B HKD, surprise -2.58%, Miss. Q2 2024, reported May 22, 2024: actual 16.03B HKD, estimate 16.31B HKD, surprise -1.69%, Miss. Q3 2024, reported Aug 31, 2024: actual 14.35B HKD, estimate 14.54B HKD, surprise -1.28%, Miss. Q2 2025, reported May 21, 2025: actual 14.9B HKD, estimate 15.22B HKD, surprise -2.07%, Miss. Q3 2025, reported Aug 31, 2025: actual 13.3B HKD, estimate 13.67B HKD, surprise -2.72%, Miss. Q2 2026, reported May 27, 2026: actual 15.35B HKD, estimate 14.81B HKD, surprise +3.65%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 12.9B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.2904

2025 complete year-3.1% since 2021

2026 partial: HK$0.1714

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 3, 2026

HK$0.1714

Special

Record Aug 4, 2026 · Payment Aug 20, 2026

Dividend

Ex-dividend Dec 1, 2025

HK$0.1401

Annual

Record Dec 2, 2025 · Payment Dec 18, 2025

Dividend

Ex-dividend Aug 1, 2025

HK$0.1503

Special

Record Aug 4, 2025 · Payment Aug 27, 2025

Dividend

Ex-dividend Dec 2, 2024

HK$0.1507

Annual

Record Dec 3, 2024 · Payment Dec 19, 2024

Dividend

Ex-dividend Aug 1, 2024

HK$0.2129

Special

Record Aug 2, 2024 · Payment Aug 22, 2024

Dividend

Ex-dividend Dec 1, 2023

HK$0.1689

Annual

Record Dec 4, 2023 · Payment Dec 20, 2023

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ETFs holding 6110.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
6.12M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
5.81M
Weight
0.00%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
4.07M
Weight
0.00%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$81.57+0.64%
Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
2.53M
Weight
0.01%
AUM
27.89B USD
Expense ratio
0.33%
Price / 1D
$94.24+0.75%
Lazard International Dynamic Equity ETF logoLazard International Dynamic Equity ETFIDEQ
Market value
1.95M
Weight
0.11%
AUM
1.7B USD
Expense ratio
0.40%
Price / 1D
$36.09+0.92%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
972.6K
Weight
0.00%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
Schwab Emerging Markets Equity ETF logoSchwab Emerging Markets Equity ETFSCHE
Market value
769.24K
Weight
0.01%
AUM
12.89B USD
Expense ratio
0.06%
Price / 1D
$36.97+0.71%
iShares Core MSCI Total International Stock ETF logoiShares Core MSCI Total International Stock ETFIXUS
Market value
555.52K
Weight
0.00%
AUM
60.91B USD
Expense ratio
0.07%
Price / 1D
$97.945+0.76%

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