1. People's Republic of China Stocks

  2. •

    Consumer Cyclical

  3. •

    Furnishings, Fixtures & Appliances
Henglin Home Furnishings Co.,Ltd

Henglin Home Furnishings Co.,Ltd

603661.SS
Henglin Home Furnishings Co.,LtdCN flagShanghai Stock Exchange
42.67
CNY
+3.88
- -
5.87BMarket Cap
Henglin Home Furnishings Co.,Ltd
603661.SS
(Shanghai Stock Exchange)

Recent

price

42.67

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
10.67
13.28
14.57
16.42
17.57
16.56
20.71
34.13
42.26
47.62
59.49
80.5
84.1
84.78
Revenue per Share
0.58
1.16
1.81
2.51
1.54
1.22
1.74
2.61
2.47
2.62
1.91
1.92
1.18
1.64
Basic EPS, GAAP
-0.23
1.24
1.79
2.07
-0.86
-1.24
0.03
1.96
-2.67
1.68
-0.02
5.39
5.61
-1.48
Free Cash Flow per Basic Share
0.17
0.22
1.23
0.01
- -
0.65
0.27
0.4
0.31
1.24
1.68
0.66
1.74
1.3
Dividend per Share
3.04
4.28
3.17
5.69
7.18
6.12
7.65
10.13
12.77
14.83
15.66
17.67
17.34
18.33
Book Value per Share
3.33
4.6
3.61
6.02
19.71
16.11
17.41
18.75
18.62
17.39
18.88
21.97
21.77
22.83
Tangible Book Value per Share
105
105
105
105
108
140
140
139
137
137
138
137
139
136
Basic Weighted Avg Shares
1,116
1,398
1,530
1,723
1,896
2,318
2,904
4,743
5,778
6,515
8,195
11,029
11,677
11,572
Sales/Revenue/Turnover
6.82
10.89
14.09
16.26
11.5
7.05
9.31
10.41
7.76
5.83
7.55
5.49
5.39
5.27
Operating Margin (%)
- -
17
18
20
27
33
53
108
224
279
351
454
549
- -
Depreciation Expense
60
122
190
264
166
171
243
363
338
358
263
263
164
224
Net Income, GAAP
12.8
14.21
12.23
13.69
12.62
9.94
13.64
14.11
11.68
8.56
16.55
17.39
36.09
22.86
Effective Tax Rate (%)
5.42
8.71
12.4
15.31
8.74
7.38
8.38
7.66
5.84
5.5
3.21
2.39
1.4
1.94
Profit Margin (%)
206
184
81
346
1,721
1,675
1,060
1,070
728
296
1,084
884
1,082
732
Working Capital
140
- -
- -
- -
- -
- -
224
515
937
1,026
1,630
1,692
1,700
1,433
LT Debt
376
512
406
675
2,210
2,350
2,600
2,885
3,028
3,324
3,448
3,752
3,720
3,850
Total Equity
- -
14.8
25.46
38.32
13.17
6.43
8.89
12.47
8.66
6.21
8.1
7.07
5.54
6.58
Return on Invested Capital (%)
- -
16.93
29.61
45.59
22.45
19.47
20.66
18.2
12.11
10.28
6.62
6.33
3.64
5.66
Return on Capital (%)
- -
31.69
48.39
56.71
24.16
20.95
25.23
29.29
21.41
18.99
12.57
11.49
6.79
9.2
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
2,023
2,019
2,113
LT Borrowings
812
666
488
LT Finance Leases
881
1,019
944
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
139
139
139
Market Capitalization
4,195
4,022
3,904

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
6,204
5,465
5,594
Cash, Cash Equivalents & STI
1,660
1,373
1,635
Accounts Receivable, Net
1,805
1,889
1,846
Inventories
2,326
1,895
1,847
Total Current Liabilities
5,319
4,615
4,862
Payables & Accruals
- -
- -
- -
ST Debt
2,023
2,019
2,113
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
34.82%
5.29%
-0.84%
Free Cash Flow
-2,463.7%
-6,253.04%
5.32%
Net Income, GAAP
3.14%
-13.05%
-37.72%
Sales/Revenue/Turnover
23.43%
20.16%
5.88%
Total Cash Common Dividend
2,885.48%
83.14%
167.31%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,354
2,451
3,007
3,218
11,029
2025
2,654
2,694
3,190
- -
11,677
2026
3,218
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.75
- -
- -
- -
1.92
2025
0.38
- -
- -
- -
1.18
2026
0.43
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
- -
- -
- -
0.66
2025
0.15
- -
- -
- -
1.74
2026
0.12
- -
- -
- -
- -
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Business
Henglin Home Furnishings Co., Ltd, founded in 1998 and headquartered in Huzhou, Zhejiang Province, China, specializes in the research, development, manufacture, and sale of a wide range of seated products and home furnishings. Its core products include office chairs—covering executive, managerial, task, and bar chair series—sofas, massage chairs, panel furniture, system office furniture, and new material flooring. Henglin also offers comprehensive home furnishings and accessories, targeting both domestic and international markets with more than 80 countries served, including the United States, Canada, Germany, France, Australia, and Japan. The company operates under a high-tech enterprise model integrating R&D, production, and sales with a significant global footprint. Henglin has established production bases in China, Vietnam, and Switzerland and supports a global supply chain with 11 warehousing and logistics centers worldwide, providing rapid delivery capabilities for cross-border e-commerce and bulk sales. It maintains long-term partnerships with major global retailers such as IKEA, Nitori, Home Depot, and Amazon. Henglin holds over 1,600 valid patents, including more than 140 invention patents, reflecting a strong commitment to innovation and quality. In the last two years, Henglin has notably expanded its research and development investment, reaching 226 million yuan in 2024, its highest since its listing on the Shanghai Stock Exchange in 2017. The company’s revenue surpassed 10 billion yuan in 2024, achieving 11.03 billion yuan, a 34.6 percent increase from the previous year. Strategic moves include increasing overseas asset holdings to enhance operational efficiency and mitigate risks from global trade complexities, alongside launching new service systems for accountancy, information disclosure, and seal management to improve governance. Henglin also recently acquired an additional 52.6% stake in Zhejiang Yongyu Home Furnishings as part of its expansion strategy. Overall, Henglin Home Furnishings Co., Ltd focuses on delivering innovative, healthy seating solutions and home furnishings across multiple product lines with a significant international market presence and ongoing strategic growth initiatives enhancing its global competitiveness.