Tsit Wing International Holdings Limited
HHKEX:21190.45
HKD
0.00
(0.00%)
ISIN
BMG9113W1073
CUSIP
G9113W107
Return %
Stock
S&P 500
1Y
-20.54
14.20
3Y
-29.37
81.12
5Y
-55.50
68.34
Capital Structure
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in mil. unless spec.Working Capital
HKD
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in mil. unless spec.Growth Rates
HKD
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in mil. unless spec.Semi-annual Revenue
HKD
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in mil. unless spec.Semi-annual Earnings Per Share
HKD
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in mil. unless spec.Semi-annual Dividends Per Share
HKD
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in mil. unless spec.Company Description
- CEO
- Tat Tong Wong
- Full Time Employees
- 374
- Sector
- Consumer non-durables
- Industry
- Food: specialty/candy
- Address
- Kwai Tak Industrial Centre Hong Kong Hong Kong
- IPO Date
- May 11, 2018
- Website
- twcoffee.com
- Similar Companies
- Business
- Tsit Wing International Holdings Limited is a Bermuda-incorporated investment holding company principally engaged in the processing, distribution and sale of coffee, tea and related complementary products; the sale of food and beverages, coffee and tea machines, and other related equipment; and the provision of coffee and tea machine solutions including market analysis, recipe development, sourcing, production, marketing, customer training and equipment maintenance; as well as the trading of frozen foods under brands such as Papa Chef. The company operates primarily through its Beverage Solutions segment, which generates the majority of revenue from B2B sales to the food service industry, and a smaller Food Products segment focused on frozen processed foods. Established in 1932 with over 90 years of history as a leading integrated B2B food and beverage solutions provider in Hong Kong and Macau, Tsit Wing International Holdings Limited maintains its headquarters at Flats F-J, 11th Floor, Block 1, Kwai Tak Industrial Centre, 15-33 Kwai Tak Street, Kwai Chung, New Territories, Hong Kong, and conducts operations across Hong Kong, Mainland China, the United States, Australia, Canada, Macau, Malaysia, Guam, Singapore and Taiwan through subsidiaries including Tsit Wing Coffee Company Limited, Zhuhai Tsit Wing Food Co., Ltd., Dongguan Tsit Wing Food Company Limited and others. The company distributes renowned third-party brands such as Monin and Lipton alongside its proprietary products, sources raw materials globally, promotes freshly brewed coffee and tea culture, and upholds international quality standards including ISO 9001, ISO 14001, ISO 22000, HACCP and Hong Kong Q-Mark certifications. In recent developments, the group reported revenue of HK$721.1 million for the year ended 31 December 2024, a 1.1% decrease from 2023 primarily due to lower tea and instant product sales in Mainland China amid shifting customer demand and intensified competition, offset by a 2.3% increase in Hong Kong revenue to HK$503.7 million from higher coffee, tea and milk product demand; gross profit rose 2.2% to HK$246.0 million with an improved margin of 34.1% through cost management despite volatile coffee bean prices rising 68% to US$3.20 per lb; profit for the year increased 21.4% to HK$59.1 million; completed the disposal of non-core assets including a property and machinery for a HK$11.6 million gain in February 2024 as part of operational streamlining; invested HK$24.9 million in capital expenditures mainly for coffee and tea machines leased to customers, production machinery and facility enhancements including a new coffee production line; upgraded its SAP ERP system for efficiency gains; restructured Mainland China operations with manpower streamlining and enhanced credit risk management; declared a special dividend of HK13.87 cents per share totaling HK$99.966 million in March 2024 plus interim and proposed final dividends; and shifted to reporting the business as a single integrated segment in 2024 as the Food Products segment became less significant relative to overall operations.