1. China Stocks

  2. •

    Consumer non-durables

  3. •

    Apparel/Footwear
China Partytime Culture Holdings Ltd.

China Partytime Culture Holdings Ltd.

HHKEX:1532
0.16
HKD
+0.00
(+1.91%)
215.38MMarket Cap
China Partytime Culture Holdings Ltd.
HKEX:1532
(Hong Kong Exchange)

Recent

price

0.16

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.44
0.53
0.71
0.94
0.68
0.62
0.42
0.35
0.28
0.24
0.26
0.25
0.12
0.11
- -
Revenue per Share
0.03
0.07
0.1
0.11
0.07
0.02
-0.01
-0.08
-0.08
-0.02
-0.01
-0.02
-0.05
-0.05
- -
Basic EPS, GAAP
0.05
0.04
-0.08
-0.05
-0.12
- -
0.01
-0.02
-0.02
0.01
-0.03
0.02
-0.01
-0.04
- -
Free Cash Flow per Basic Share
0.04
0.04
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.05
0.12
0.18
0.49
0.56
0.58
0.55
0.47
0.39
0.34
0.3
0.26
0.19
0.14
0.14
Book Value per Share
0.05
0.12
0.18
0.49
0.56
0.58
0.55
0.46
0.38
0.32
0.28
0.25
0.19
0.14
0.14
Tangible Book Value per Share
563
563
563
603
756
756
870
898
898
993
1,159
1,426
1,674
1,796
1,807
Basic Weighted Avg Shares
246
299
398
570
514
466
366
316
255
242
301
356
206
194
- -
Sales/Revenue/Turnover
17.04
17.12
20.06
16.48
15.18
4.88
2.69
5.46
-5.39
-17.95
-8.43
-4.65
-22.35
-29.43
- -
Operating Margin (%)
2
2
3
6
10
18
21
26
36
39
31
24
21
22
- -
Depreciation Expense
18
37
59
67
57
14
-12
-72
-68
-18
-15
-24
-75
-90
- -
Net Income, GAAP
25.5
25.45
25.16
29.26
28.01
28.61
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
7.27
12.26
14.72
11.71
11.03
3
-3.21
-22.85
-26.81
-7.32
-5.03
-6.73
-36.53
-46.57
- -
Profit Margin (%)
34
47
9
137
77
42
31
10
33
54
60
92
151
73
75
Working Capital
- -
- -
- -
- -
17
- -
- -
- -
6
6
- -
- -
5
5
2
LT Debt
66
94
153
369
426
441
493
420
352
365
399
411
364
258
260
Total Equity
- -
38.05
35.31
23.44
13.07
3.32
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
38.09
36.06
21.9
13.2
3.34
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
54.58
50.6
26.36
14.26
3.23
-2.51
-15.83
-17.75
-4.97
-4.11
-6.3
-20.73
-29.93
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
13
6
6
LT Borrowings
- -
- -
- -
LT Finance Leases
8
5
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,807
1,807
1,807
Market Capitalization
200
164
186

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
181
90
135
Cash, Cash Equivalents & STI
40
68
24
Accounts Receivable, Net
53
1
46
Inventories
56
10
42
Total Current Liabilities
78
17
60
Payables & Accruals
- -
- -
- -
ST Debt
13
6
6
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.46%
-4.86%
-28.95%
Free Cash Flow
-117.13%
-112.71%
383.05%
Net Income, GAAP
43.99%
40.81%
19.61%
Sales/Revenue/Turnover
-8.43%
-2.16%
-6.18%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
206
2025
- -
- -
194
2026
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.05
2025
- -
- -
-0.05
2026
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
China Partytime Culture Holdings Limited is an investment holding company principally engaged in the design, research and development, production, sales and marketing of cosplay products including cosplay costumes and cosplay wigs; non-cosplay apparels mainly comprising sexy lingerie; fabric care, personal hygiene and home care products; and leasing of factory premises. The company operates through four reportable segments: wigs; clothing and others encompassing cosplay costumes, sexy lingerie and related items; fabric care, personal hygiene and home care products; and leasing of self-owned or leasehold factory premises. It serves contract manufacturing services and original brand manufacturing customers primarily in the United States, PRC, Japan and Europe through an integrated platform covering product development, raw material procurement and production. Founded in 2004 and headquartered at No. 3 Chunchao Road, Yichun Economic & Technological Development Zone, Jiangxi Province, PRC, the company maintains manufacturing facilities in Yichun and Yiwu, Zhejiang Province, with products distributed to over 30 countries and regions. Recent major changes include the November 2024 conditional disposal of its entire equity interest in Zhejiang Zhongpai Enterprise Management Co., Ltd, a property-holding subsidiary, to Zhejiang Bestway Costume & Accessory Co., Ltd for RMB80 million, accompanied by a three-year leaseback of approximately 19,523 square meters of industrial premises in Yiwu at escalating annual rents starting from RMB2.46 million; recognition of impairment losses totaling RMB19.68 million on property, plant and equipment and goodwill in 2024 amid revenue decline to RMB240.3 million and net loss of RMB75.4 million; relocation of wig and clothing production lines from Yiwu to Yichun to cut costs; March 2025 issuance of 354.65 million unlisted warrants to PM Partners I LP exercisable into new shares at HK$0.09 subject to a US$100 million qualified investment condition by 2028; and ongoing sub-leasing of assets including the Party Culture Industrial Park for upstream-downstream industry collaboration.