1. Hong Kong Stocks

  2. •

    Retail trade

  3. •

    Specialty stores
Milan Station Holdings Limited

Milan Station Holdings Limited

HHKEX:1150
0.08
HKD
+0.01
(+10.81%)
177.57MMarket Cap
Milan Station Holdings Limited
HKEX:1150
(Hong Kong Exchange)

Recent

price

0.08

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
HKD
4.93
5.17
3.67
3.79
3.34
2.16
1.65
1.43
1.19
1.05
0.67
0.34
0.31
0.2
0.12
0.12
- -
Revenue per Share
0.37
0.28
-0.08
-0.2
-0.29
-0.26
-0.38
-0.36
-0.18
-0.11
-0.01
0.03
-0.06
-0.03
-0.03
- -
- -
Basic EPS, GAAP
-0.04
-0.07
-0.37
-0.33
-0.09
-0.22
-0.19
0.04
-0.07
0.1
0.08
-0.04
-0.02
-0.01
- -
-0.01
- -
Free Cash Flow per Basic Share
0.03
0.17
0.02
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.72
2.02
1.92
1.73
1.45
1.21
1.17
0.54
0.36
0.28
0.16
0.19
0.13
0.1
0.07
0.07
0.07
Book Value per Share
0.72
2.02
1.92
1.73
1.45
1.18
1.15
0.52
0.35
0.28
0.16
0.19
0.13
0.1
0.07
0.07
0.07
Tangible Book Value per Share
148
170
184
184
184
185
193
222
222
221
261
712
755
881
962
1,057
1,057
Basic Weighted Avg Shares
730
880
676
698
616
400
319
319
264
232
176
245
233
173
112
125
- -
Sales/Revenue/Turnover
9.15
6.41
-2.62
-6.01
-8.54
-15.86
-22.97
-18.41
-12.31
-7.96
-3.99
-0.07
-13.66
-15.18
-28.59
-12.13
- -
Operating Margin (%)
6
5
9
11
8
8
8
7
7
24
17
19
19
12
10
5
- -
Depreciation Expense
54
48
-14
-38
-53
-48
-73
-81
-40
-23
-3
21
-46
-28
-26
1
- -
Net Income, GAAP
18.5
25.15
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.63
- -
- -
- -
10.04
- -
Effective Tax Rate (%)
7.44
5.45
-2.06
-5.38
-8.59
-12.07
-22.84
-25.35
-15.14
-10.14
-1.77
8.38
-19.66
-16.16
-23.57
1.2
- -
Profit Margin (%)
113
337
247
206
168
201
148
102
69
43
94
111
97
81
77
76
76
Working Capital
- -
- -
- -
- -
- -
1
3
2
4
3
10
6
7
13
12
13
13
LT Debt
134
372
358
323
271
227
263
120
80
61
113
135
113
85
72
73
73
Total Equity
- -
16.17
- -
- -
- -
- -
- -
- -
- -
- -
- -
2.22
- -
- -
- -
3.1
- -
Return on Invested Capital (%)
- -
18.81
- -
- -
- -
- -
- -
- -
- -
- -
- -
13.86
- -
- -
- -
3.07
- -
Return on Capital (%)
- -
18.99
-3.83
-11.14
-18.04
-19.65
-30.14
-42.53
-39.87
-33.09
-3.56
16.61
-37.2
-28.23
-33.57
2.06
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
7
7
16
LT Borrowings
7
7
9
LT Finance Leases
5
7
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,057
1,057
1,057
Market Capitalization
197
172
178

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
96
82
102
Cash, Cash Equivalents & STI
46
42
65
Accounts Receivable, Net
2
2
7
Inventories
38
30
23
Total Current Liabilities
19
18
26
Payables & Accruals
- -
- -
- -
ST Debt
7
7
16
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-4.59%
-6.98%
1.34%
Free Cash Flow
-89.38%
-47.04%
152.72%
Net Income, GAAP
-135.09%
-246.85%
-105.68%
Sales/Revenue/Turnover
-8.85%
-2.95%
11.99%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
173
2024
- -
- -
112
2025
- -
- -
125

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.03
2024
- -
- -
-0.03
2025
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
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Business
Milan Station Holdings Limited (1150.HK) is an investment holding company principally engaged in the retailing of luxury handbags, fashion accessories, and related products in Hong Kong, Macau, and Mainland China; it offers unused and second-hand branded handbags from labels such as Chanel, Louis Vuitton, and Hermes, alongside clothing, shoes, watches, embellishments, spa and wellness products under the THANN brand, and other accessories; the company operates physical retail stores under the Milan Station brand, maintains an online sales platform, and provides money lending and securities investment services. Incorporated in 2007 and headquartered at Room 13, 6/F, Block A, Hong Kong Industrial Centre, Kowloon, Hong Kong, it employs approximately 20 people and targets consumers seeking authenticated pre-owned luxury goods at competitive prices. In recent developments, the company reported interim results for the six months ended June 30, 2025, with revenue of HK$50.1 million from five Hong Kong stores and online channels despite a 20.7% year-over-year decline, alongside a narrowed net loss of HK$11.0 million due to reduced fair value losses on financial assets; it entered new lease arrangements totaling HK$6.7 million during the period while adhering to a prudent store expansion strategy.