- Business
- Hengdeli Holdings Limited Hengdeli Holdings Limited (HENGY HENGY) engages principally in the retail and distribution of mid-to-high-end consumer goods, including international brand watches and jewelry; the manufacturing and sale of watch accessories, packaging products, and commercial space design and decoration services; and international commodity trading in iron ore, thermal coal, and coking coal. The company operates through two main segments: high-end consuming accessories, encompassing watch accessory production, shop design, and after-sales services for luxury timepieces from over 50 renowned brands such as those from Swatch Group, LVMH Group, Richemont Group, and Kering Group; and commodity trading, focusing on import and supply chain management. It serves retail customers through approximately 77 stores under brands like Sanbao, Hendrie, and Watchshoppe, while providing comprehensive maintenance and customer services; manufacturing clients span Greater China, Asia-Pacific, Switzerland, and the United States.
Hengdeli Holdings Limited maintains operations primarily in Mainland China, Hong Kong, Taiwan, and Malaysia, with a geographic revenue breakdown emphasizing Mainland China (majority of sales), followed by Hong Kong and select international trading activities. Founded in 1957, the company is headquartered at Unit 301, 3/F, Lippo Sun Plaza, 28 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong, and employs around 1,290 people.
In recent developments, Hengdeli Holdings Limited reported its 2025 interim results for the six months ended June 30, 2025, revealing a 45.8% revenue decline to RMB 314 million amid a challenging global environment and pressures on high-end accessories, offset by a gross profit margin improvement to 20.5% and a profit surge to RMB 26 million (from a prior loss), driven by foreign exchange gains and resilient commodity trading. The company entered a 2024 renewal agreement for continued transactions, capped at RMB 28 million annually, supporting ongoing strategic supplier relationships; it also pursues business model enhancements and new profit opportunities while navigating economic uncertainties, with no major acquisitions or new product launches announced in 2024-2025. Associates include shipping and vessel-holding entities like Hengdeli Deyesion International Shipping Limited, bolstering supply chain capabilities.