Ulferts International Limited

Ulferts International Limited

HHKEX:1711
0.16
HKD
-0.02
(-10.11%)
111.20MMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.23
0.26
0.28
0.41
0.3
0.27
0.29
0.28
0.27
0.21
0.19
0.17
- -
Basic EPS, GAAP
0.03
0.03
0.04
0.01
- -
-0.01
0.02
0.01
-0.03
-0.03
-0.05
- -
- -
Free Cash Flow per Basic Share
0.04
0.01
0.03
-0.01
-0.01
0.08
0.09
0.04
0.04
0.03
0.02
0.01
- -
Dividend per Share
0.04
- -
- -
0.11
- -
- -
- -
0.01
0.01
- -
- -
- -
- -
Book Value per Share
0.03
0.06
0.09
0.14
0.14
0.12
0.14
0.14
0.11
0.08
0.03
0.03
0.03
Tangible Book Value per Share
0.03
0.06
0.09
0.14
0.14
0.12
0.14
0.14
0.11
0.08
0.03
0.03
0.03
Basic Weighted Avg Shares
800
800
800
634
800
800
800
800
800
800
800
800
800
Sales/Revenue/Turnover
181
210
224
259
243
219
235
225
216
172
153
137
- -
Operating Margin (%)
15.54
12.86
15.39
4.41
-3.19
-6.9
8.18
2.11
-3.07
-12.22
-14.88
-1.65
- -
Depreciation Expense
4
9
9
9
10
67
56
47
48
34
27
1
- -
Net Income, GAAP
23
22
30
8
-4
-12
17
4
-21
-25
-41
-2
- -
Effective Tax Rate (%)
17.27
17.22
15.26
32.43
- -
- -
14.38
28.81
- -
- -
- -
- -
- -
Profit Margin (%)
12.84
10.64
13.44
3.28
-1.64
-5.31
7.18
1.84
-9.72
-14.57
-26.81
-1.26
- -
Working Capital
10
21
56
89
70
34
80
60
58
41
25
23
23
LT Debt
- -
- -
- -
- -
- -
12
12
36
30
11
2
1
1
Total Equity
27
45
75
116
112
99
116
115
90
65
24
22
22
Return on Invested Capital (%)
- -
60.14
49.57
7.26
- -
- -
10.6
1.95
- -
- -
- -
- -
- -
Return on Capital (%)
- -
62.09
50.39
8.24
- -
- -
11.85
3.05
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
62.09
50.39
8.9
-3.5
-11.05
15.69
3.6
-20.56
-32.39
-92.8
-7.54
- -

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
17
8
2
LT Borrowings
- -
- -
- -
LT Finance Leases
2
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
800
800
800
Market Capitalization
47
71
111

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
77
71
62
Cash, Cash Equivalents & STI
27
22
22
Accounts Receivable, Net
2
3
1
Inventories
30
29
24
Total Current Liabilities
52
49
40
Payables & Accruals
- -
- -
- -
ST Debt
17
8
2
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.27%
-24.22%
-7.27%
Free Cash Flow
-98.48%
-26.29%
-35.07%
Net Income, GAAP
-93.19%
-139.12%
-95.8%
Sales/Revenue/Turnover
-3.65%
-9.96%
-10.36%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
172
2025
- -
- -
153
2026
- -
- -
137

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.03
2025
- -
- -
-0.05
2026
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

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

Company Description

CEO
Chuen Yin Chan
Full Time Employees
103
Sector
Retail trade
Industry
Specialty stores
Address
Emperor Group Centre Hong Kong HK Hong Kong
IPO Date
Jan 29, 2018
Business
Ulferts International Limited Ulferts International Limited (1711.HK 1711.HK), an investment holding company listed on the Hong Kong Stock Exchange, engages in the retail, wholesale, and special projects business of furniture and related products primarily in Hong Kong. The company offers a comprehensive range of core products including mattresses, pillows, sofas, sofa beds, beds, cabinets, dining tables, chairs, wardrobes, coffee tables, sideboards, and ancillary items such as mattress toppers and protectors; these are sold under its proprietary brands Ulfenbo, Ulferts Signature, and Ulferts, as well as licensed international brands like himolla, Gamma, MIDJ, egoitaliano, MALERBA, Slumberland, Vono, Dormire, and at.home through specialty stores, department store counters, pop-up stores, roadshows, dealer networks exceeding 100 outlets in Hong Kong and Macau, and online platforms. It also provides compact furniture and home accessories tailored for small urban living spaces, alongside special projects services encompassing planning, design, procurement, installation, and maintenance of custom-made furniture for corporate clients in sectors such as cinemas, hotels, showflats, and staff quarters, complemented by group tenancy agency and liaison support. Founded in 1975 and headquartered in Wan Chai, Hong Kong, Ulferts International Limited operates within the consumer discretionary sector's specialty retail industry, targeting residential consumers, modern families, and commercial customers through approximately 28 points-of-sale and a workforce of around 126 employees; it functions as a subsidiary of Ulferts International Group Holdings Limited. In recent developments, the company underwent significant board changes, including the retirement of executive directors and company secretary effective April 1, 2025, with appointments of new leadership such as Ms. Chan Lai Yim as company secretary and shifts in chairman roles involving Mr. Yeung Ching Loong, Alexander and Mr. Wong Chi Fai to streamline governance amid challenging market conditions. For the fiscal year ended March 31, 2025, Ulferts reported total revenue of HK$153.0 million, reflecting a decline due to weakened consumer sentiment and property market pressures, though it implemented cost-saving measures contributing to a narrowed net loss outlook for the six months ended September 30, 2025, to not more than HK$3 million from HK$11 million prior year. No major acquisitions, partnerships, or expansions were announced in the last 1-2 years, with the company maintaining a prudent approach focused on financial stability and market observation in Hong Kong's competitive furniture sector.