Fulu Holdings Limited
HHKEX:21010.95
HKD
+0.05
(+5.56%)
ISIN
KYG3691U1040
CUSIP
G3691U104
Return %
Stock
S&P 500
1Y
-36.67
14.20
3Y
-65.45
81.12
5Y
-87.97
68.34
Capital Structure
CNY
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
CNY
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in mil. unless spec.Semi-annual Revenue
CNY
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in mil. unless spec.Semi-annual Earnings Per Share
CNY
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in mil. unless spec.Semi-annual Dividends Per Share
CNY
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in mil. unless spec.Company Description
- CEO
- Xi Fu
- Full Time Employees
- 606
- Sector
- Technology services
- Industry
- Internet software/Services
- Address
- Building B2 Wuhan HB China
- IPO Date
- Sep 18, 2020
- Website
- fulu.com
- Similar Companies
- Business
- Fulu Holdings Limited (2101.HK) operates a third-party platform facilitating digital goods transactions and value-added services in China. Founded in March 2009 and headquartered in Wuhan Optics Valley, Hubei Province, the company connects over 1,500 digital goods brands and 2,300 consumption scenarios, reaching more than 560 million users through its Fulu Open Platform. It serves internet paying users in digital consumption across five segments: leisure and entertainment, including film and television memberships and video live streaming; games, encompassing game-related digital products and live-streaming e-commerce; telecommunications, featuring operator agency products; lifestyle, covering food and beverage vouchers, tea and coffee, and movie ticketing; and corporate welfare, providing digital platforms, procurement solutions, flexible employment brokerage, business travel, and IT services; with value-added offerings such as online store operations, entitlement mall construction, digital marketing, user operations, and enterprise welfare solutions. The company primarily targets corporate clients like state-owned enterprises, including China Communications Construction Group, and individual consumers via e-commerce and social platforms, with operations concentrated in mainland China through subsidiaries such as Tibet Fulu, Wuhan Fulu, and Beijing Fulu Fuxi. In 2024, Fulu Holdings reported revenue of RMB359.8 million, down 35.8% from 2023, amid strategic adjustments including significant scale reductions in telecommunications (GMV down 85.2%) and optimizations in other segments to prioritize higher-margin businesses; it expanded online store operations revenue by 52.4% through brand flagship store agency services, grew other value-added services by 33.6% via flexible employment and game promotion, entered the film ticketing sector with new partnerships, deepened collaborations with game developers like Tencent Games and NetEase Games producing over 100 live-streaming cases, strengthened supply chain ties with Eternal Asia, Staples, Comix, and Deli, and saw its Beijing Fulu Fuxi subsidiary recognized as a national high-tech enterprise while winning HR service brand awards.