1. Taiwan, Province of China Stocks

  2. •

    Consumer Cyclical

  3. •

    Specialty Retail
H.H.Galaxy Co., Ltd.

H.H.Galaxy Co., Ltd.

2949.TWO
H.H.Galaxy Co., Ltd.TW flagTaipei Exchange
83.80
TWD
+7.10
- -
2.09BMarket Cap
H.H.Galaxy Co., Ltd.
2949.TWO
(Taipei Exchange)

Recent

price

83.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
109.56
135.61
132.45
158.31
153.76
156.97
- -
190.29
Revenue per Share
- -
1.96
1.81
3.73
5.02
4.93
2.81
- -
3.64
Basic EPS, GAAP
- -
-0.09
1.18
-1.58
0.7
-2.35
-3.1
- -
2.77
Free Cash Flow per Basic Share
- -
- -
- -
- -
2.13
0.64
1.61
- -
- -
Dividend per Share
- -
3.96
9.09
12.76
16.19
19.29
18.81
- -
21.32
Book Value per Share
- -
5.05
9.95
13.27
22.13
34.4
30.02
- -
32.98
Tangible Book Value per Share
- -
15
16
20
26
28
30
- -
30
Basic Weighted Avg Shares
- -
1,692
2,115
2,629
4,052
4,340
4,731
5,728
5,728
Sales/Revenue/Turnover
- -
2.46
3.29
4.08
4.69
4.77
2.56
2.45
2.45
Operating Margin (%)
- -
4
8
10
22
21
25
28
28
Depreciation Expense
- -
30
28
74
128
139
85
109
109
Net Income, GAAP
- -
19.94
20.23
27.04
24.19
25.13
28.68
14.28
14.28
Effective Tax Rate (%)
- -
1.79
1.33
2.81
3.17
3.21
1.79
1.91
1.91
Profit Margin (%)
32
63
108
286
557
937
1,091
1,148
1,148
Working Capital
6
2
- -
29
19
6
221
207
207
LT Debt
50
80
157
270
764
1,156
1,142
1,221
1,221
Total Equity
- -
26.18
25.77
17.76
16.32
11.4
5.22
6.76
6.76
Return on Invested Capital (%)
- -
32.89
6.97
19.37
17.06
13.68
7.61
9.1
9.1
Return on Capital (%)
- -
59.17
27.83
37.43
38.47
29.03
15.27
18.11
18.11
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
218
543
359
LT Borrowings
211
209
197
LT Finance Leases
13
12
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
30
30
30
Market Capitalization
2,037
2,119
2,032

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
2,210
2,555
2,400
Cash, Cash Equivalents & STI
399
545
567
Accounts Receivable, Net
749
691
782
Inventories
895
1,211
858
Total Current Liabilities
1,125
1,431
1,252
Payables & Accruals
- -
- -
- -
ST Debt
218
543
359
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
62.33%
6.89%
Free Cash Flow
- -
-208.88%
-189.38%
Net Income, GAAP
- -
46.78%
29.01%
Sales/Revenue/Turnover
- -
23.12%
21.07%
Total Cash Common Dividend
- -
- -
-48.53%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
921
1,059
1,042
1,318
4,340
2024
995
1,113
1,065
1,558
4,731
2025
1,195
1,375
1,320
1,838
5,728

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1.2
1.13
0.91
- -
4.93
2024
0.74
0.73
0.11
- -
2.81
2025
0.86
0.84
0.51
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.64
2024
- -
- -
- -
- -
1.61
2025
- -
- -
- -
- -
- -
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Business
H.H.Galaxy Co., Ltd. (2949.TWO) operates as a leading e-commerce solutions provider in Taiwan, delivering end-to-end services for international brands across operations, sales, logistics, and customer support. Founded in 2013 through a strategic collaboration between Taiwan Hsin Lin Enterprise Co., Ltd. and HCT Logistics, the company is headquartered in Taipei, Taiwan, and serves over 200 international brands managing more than 15,000 SKUs primarily in the Taiwan market with partnerships extending to platforms like Google, Meta, MOMO, and Shopee. Its core offerings encompass e-commerce operations including platform and mall management, performance advertising with campaign planning and optimization, AI-powered content creation via tools like PowerAI, data platform solutions and insights consultation merging performance, advertising, inventory, and CRM data, order and inventory management systems, logistics and warehousing, customer service, personal data protection, DTC strategies with website development, and traffic monetization through netred cooperation and crowdfunding. The company provides specialized products such as Intelligent Advertising Butler, Smart Order Management System, Customer Data Platform, and E-commerce Security Health Check, enabling brands to optimize sales growth, conversion rates, and operational efficiency through data-driven and AI-enhanced technologies. In recent developments, H.H.Galaxy became Taiwan's first publicly listed e-commerce service company on the Taiwan Stock Exchange in 2022, obtained six patents including PowerAI and Cloud Management Systems, fully integrated cloud databases, launched an Autonomous Mobile Robot (AMR) system, and introduced Taiwan's first integrated cross-channel performance report with over 300 brands adopting PowerAI. It achieved ISO 27001 certification in 2021 and launched the NTU Intelligent Pricing System, while expanding partnerships in 2024 with LEGO, SUNTORY, Poly Lulu, Reebok, Kanebo Taiwan, and Cooler Master; in 2023 with Hilltop and Bayer Taiwan alongside launching DTC services; and ongoing collaborations with brands like New Balance, Logitech, Kao, Triumph, and Roborock including a NTD 210M crowdfunding project.