1. Hong Kong Stocks

  2. •

    Consumer durables

  3. •

    Home furnishings
Tai Ping Carpets International Ltd.

Tai Ping Carpets International Ltd.

HHKEX:146
1.60
HKD
0.00
(0.00%)
265.23MMarket Cap
2010 Y
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
5.76
5.89
7.08
6.75
6.73
6.19
2.5
2.11
2.55
2.27
2.75
2.83
3.02
- -
Basic EPS, GAAP
-0.06
-0.84
0.63
0.22
0.11
0.09
-0.16
0.92
-0.16
0.08
0.12
0.18
0.2
- -
Free Cash Flow per Basic Share
0.09
-0.38
-0.65
0.11
0.12
-0.32
-0.2
-1.11
-0.27
0.39
0.34
0.26
0.43
- -
Dividend per Share
0.09
0.09
0.09
0.12
0.52
0.12
0.03
1.73
- -
- -
0.03
0.06
0.09
- -
Book Value per Share
4.72
3.83
4.13
4.13
3.73
3.47
3.22
2.28
2.07
2
2.02
2.02
2.14
2.1
Tangible Book Value per Share
4.58
3.67
3.97
3.8
3.41
3.17
2.95
2.05
1.87
1.79
1.83
1.85
1.99
1.95
Basic Weighted Avg Shares
212
212
212
212
212
212
212
212
212
212
212
212
212
212
Sales/Revenue/Turnover
1,222
1,250
1,503
1,433
1,428
1,313
531
447
541
481
584
601
640
- -
Operating Margin (%)
-0.42
-5.32
1.62
1.86
3.74
3
-19.98
-37.2
-9.45
3.74
3.57
5.56
7.5
- -
Depreciation Expense
71
68
68
70
70
64
32
35
26
58
54
49
46
- -
Net Income, GAAP
-13
-178
133
47
24
19
-33
194
-34
17
25
38
42
- -
Effective Tax Rate (%)
206.41
- -
18.29
34.05
56.89
49.19
- -
- -
- -
- -
4.2
3.97
11.88
- -
Profit Margin (%)
-1.07
-14.25
8.84
3.26
1.67
1.44
-6.28
43.47
-6.31
3.46
4.33
6.4
6.58
- -
Working Capital
378
514
562
537
443
375
274
86
24
27
62
96
130
129
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
88
82
98
88
114
Total Equity
1,048
861
935
918
835
779
717
515
459
425
429
429
455
445
Return on Invested Capital (%)
2.09
- -
15.44
4.99
2.46
1.94
- -
- -
- -
- -
4.95
7.07
7.17
- -
Return on Capital (%)
-1.41
- -
12.99
4.32
2.31
1.91
- -
- -
- -
- -
5.15
7.66
8.18
- -
Return on Common Equity (%)
-1.31
-19.63
15.72
5.34
2.86
2.48
-4.7
33.3
-7.4
3.85
5.92
8.96
9.53
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'24
Dec'25
ST Debt
22
26
23
LT Borrowings
- -
- -
- -
LT Finance Leases
89
88
114
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
212
212
212
Market Capitalization
174
255
265

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'24
Dec'25
Total Current Assets
383
413
383
Cash, Cash Equivalents & STI
222
263
233
Accounts Receivable, Net
79
72
62
Inventories
50
50
52
Total Current Liabilities
268
283
254
Payables & Accruals
- -
- -
- -
ST Debt
22
26
23
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-6.5%
-2.27%
6.15%
Free Cash Flow
-35.48%
-58.26%
63.87%
Net Income, GAAP
-124.51%
-30.55%
9.6%
Sales/Revenue/Turnover
-4.77%
8.16%
6.6%
Total Cash Common Dividend
1,476.57%
1,776.76%
50.28%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
601
2024
- -
- -
640
2025
- -
- -
- -

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.18
2024
- -
- -
0.2
2025
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Mark Stuart Worgan
Full Time Employees
581
Sector
Consumer durables
Industry
Home furnishings
Address
909 Cheung Sha Wan Road Hong Kong Hong Kong
IPO Date
Jan 8, 1980
Website
taipingcarpets.com
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Business
Tai Ping Carpets International Limited (0146.HK), founded in 1956 and headquartered in Cheung Sha Wan, Hong Kong, designs, manufactures and sells premium handmade and custom carpets targeting luxury residential properties, private yachts and jets, boutique stores, premium corporate offices, and high-end hotels and resorts across Asia, Europe, the Middle East, Africa and the Americas; core products include hand-tufted and hand-knotted carpets produced at its proprietary Xiamen facility in China, supplemented by independent weaving in China, Nepal and France, as well as underlays, yarns, yarn dyeing services, and interior furnishings under brands such as Tai Ping, Edward Fields, and La Manufacture Cogolin. The company operates flagship showrooms in key cities including New York, Shanghai, Paris, London and Hong Kong, and maintains manufacturing in the US through its subsidiary Premier Yarn Dyers in Georgia. In recent developments, Tai Ping reported fiscal 2024 turnover of HK$640 million, up 7% year-over-year, with profit attributable to shareholders rising 10% to HK$42 million driven by sales growth, improved gross margins from productivity gains at Xiamen, and a favorable sales mix; it launched the Biophilic Program featuring 100% natural rugs, the Callidus Guild Collection by Yolande Batteau, Reverence Addition by Fernando Mastrangelo, and Ocean Matters by Francesca Muzio, alongside new showrooms in Shanghai, London and Hong Kong at Nan Fung Place to enhance brand visibility and retail access; the company expanded US manufacturing capacity at Premier Yarn Dyers, advanced sustainability via NSF/ANSI certifications and the Tai Ping Towards Sustainability program, and deepened partnerships including with Label STEP for hand-knotted production.