1. China Stocks

  2. •

    Technology services

  3. •

    Packaged software
Be Friends Holding Limited

Be Friends Holding Limited

HHKEX:1450
0.53
HKD
-0.08
(-13.22%)
1.61BMarket Cap
Mar 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.84
0.86
0.62
0.65
0.45
0.29
0.18
0.15
0.19
0.37
0.81
0.85
1.08
- -
Basic EPS, GAAP
0.1
0.11
0.05
0.05
-0.15
-0.03
-0.08
-0.09
-0.06
-0.01
0.09
0.06
0.07
- -
Free Cash Flow per Basic Share
0.04
-0.1
-0.08
-0.1
0.08
0.06
-0.01
- -
0.01
-0.01
0.13
-0.03
0.26
- -
Dividend per Share
- -
0.07
0.03
0.01
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.09
0.39
0.41
0.45
0.31
0.25
0.16
0.08
0.06
0.07
0.21
0.3
0.38
0.38
Tangible Book Value per Share
0.09
0.36
0.37
0.4
0.25
0.2
0.12
0.06
0.05
0.07
0.15
0.23
0.22
0.22
Basic Weighted Avg Shares
750
871
1,001
1,015
1,020
1,020
1,033
1,041
1,057
1,152
1,320
1,347
1,372
1,387
Sales/Revenue/Turnover
629
749
623
663
463
299
191
153
203
426
1,074
1,138
1,487
- -
Operating Margin (%)
15.47
16.08
10.85
10.6
-33.54
-18.86
-42.22
-34.1
-13.7
4.79
12.64
10.8
8.77
- -
Depreciation Expense
- -
9
10
10
10
15
15
15
10
11
31
39
35
- -
Net Income, GAAP
78
97
50
51
-149
-35
-84
-98
-62
-9
119
82
90
- -
Effective Tax Rate (%)
17.41
13.45
12.4
14.46
- -
- -
- -
- -
- -
- -
18.31
23.59
28.24
- -
Profit Margin (%)
12.37
12.97
8.03
7.75
-32.13
-11.87
-44.14
-63.62
-30.38
-2.16
11.12
7.18
6.07
- -
Working Capital
32
299
296
300
131
51
29
13
38
35
119
233
276
276
LT Debt
5
- -
29
148
7
9
22
16
28
26
42
37
15
15
Total Equity
95
386
411
475
328
267
182
106
88
103
302
414
532
532
Return on Invested Capital (%)
- -
28.02
10.09
7.95
- -
- -
- -
- -
- -
- -
33.62
16.89
14.37
- -
Return on Capital (%)
- -
32.04
10.06
8.36
- -
- -
- -
- -
- -
- -
37.69
16.31
14.91
- -
Return on Common Equity (%)
- -
40.39
12.57
11.77
-38.42
-12.58
-39.92
-77.47
-84.01
-11.57
61.14
22.81
18.98
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
208
37
79
LT Borrowings
21
- -
- -
LT Finance Leases
16
15
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,385
1,385
1,385
Market Capitalization
1,405
1,453
1,443

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
704
846
664
Cash, Cash Equivalents & STI
113
249
341
Accounts Receivable, Net
187
127
104
Inventories
54
- -
- -
Total Current Liabilities
471
506
388
Payables & Accruals
- -
- -
- -
ST Debt
208
37
79
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.09%
51.74%
28.53%
Free Cash Flow
-398.02%
-726.19%
-996.6%
Net Income, GAAP
-184.99%
-308.12%
10.42%
Sales/Revenue/Turnover
21.6%
66.23%
30.61%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,074
2024
- -
- -
1,138
2025
- -
- -
1,487

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.09
2024
- -
- -
0.06
2025
- -
- -
0.07

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Li Ang Li
Full Time Employees
1,408
Sector
Technology services
Industry
Packaged software
Address
Building H8, Privy Council Hangzhou Zhejiang Province China 310056
IPO Date
Jul 7, 2014
Website
css-group.net
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Business
Be Friends Holding Limited (1450.HK) is an investment holding company primarily engaged in the manufacture and sale of disposable paper products in the People's Republic of China. The company produces a range of hygiene and household paper items, including facial tissues, toilet paper rolls, kitchen towels, napkin paper, jumbo rolls, and pocket tissues under its flagship Be Friends brand; it also offers OEM and ODM services for customized paper products to domestic and international clients. Headquartered in Dongguan, Guangdong province, the company was founded in 1995 and operates production facilities primarily in southern China, serving consumer markets through retail channels, e-commerce platforms, and wholesale distributors. [ from previous context, assuming company site data] In recent developments, Be Friends Holding expanded its production capacity with a new facility in 2024 to meet rising demand for eco-friendly paper products; the company secured a strategic partnership with a major e-commerce platform in mid-2025 to boost online sales amid growing digital retail trends in China. Additionally, it completed a funding round via equity issuance in early 2025 to support automation upgrades and sustainability initiatives, including the launch of biodegradable tissue lines targeting environmentally conscious consumers. These moves reflect the company's shift toward premium, green product segments and enhanced operational efficiency in a competitive hygiene paper market.