Vanov Holdings Company Limited

Vanov Holdings Company Limited

HHKEX:2260
1.20
HKD
0.00
(0.00%)
588.27MMarket Cap
Apr 01Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.33
0.35
0.38
0.45
0.45
0.49
0.55
0.58
- -
Basic EPS, GAAP
0.07
0.07
0.08
0.1
0.11
0.11
0.1
0.07
- -
Free Cash Flow per Basic Share
0.04
0.07
0.03
0.02
-0.08
-0.19
0.09
-0.11
- -
Dividend per Share
0.04
- -
- -
- -
- -
0.04
0.04
0.03
- -
Book Value per Share
0.16
0.25
0.34
0.44
0.77
0.84
0.82
0.86
0.86
Tangible Book Value per Share
0.07
0.15
0.22
0.3
0.61
0.66
0.63
0.65
0.65
Basic Weighted Avg Shares
480
480
480
480
480
483
468
457
457
Sales/Revenue/Turnover
159
167
183
214
218
237
255
266
- -
Operating Margin (%)
31.59
28.52
30.12
31.33
28.85
28.52
23.97
18.48
- -
Depreciation Expense
8
9
11
12
15
21
32
39
- -
Net Income, GAAP
34
35
41
50
52
53
46
34
- -
Effective Tax Rate (%)
14.39
15.43
15.43
14.75
17.76
15.32
11.09
18.13
- -
Profit Margin (%)
21.57
20.7
22.17
23.46
24.08
22.38
18.08
12.62
- -
Working Capital
-31
5
11
-7
137
117
71
81
81
LT Debt
1
- -
1
14
140
218
191
205
205
Total Equity
86
123
164
215
373
409
400
421
421
Return on Invested Capital (%)
- -
17
17.01
17.48
10.55
8.34
7.1
5.19
- -
Return on Capital (%)
- -
17.54
17.6
17.97
12.79
9.29
7.73
5.78
- -
Return on Common Equity (%)
- -
34.54
28.5
26.74
17.99
13.69
11.52
8.25
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
181
173
137
LT Borrowings
179
173
190
LT Finance Leases
12
26
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
483
483
483
Market Capitalization
727
596
529

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
336
322
303
Cash, Cash Equivalents & STI
48
52
43
Accounts Receivable, Net
168
144
161
Inventories
30
38
39
Total Current Liabilities
265
250
222
Payables & Accruals
- -
- -
- -
ST Debt
181
173
137
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
23.4%
5.22%
Free Cash Flow
- -
-161.68%
-226%
Net Income, GAAP
- -
-2.17%
-27.43%
Sales/Revenue/Turnover
- -
7.88%
3.96%
Total Cash Common Dividend
- -
- -
-22.17%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
237
2024
- -
- -
255
2025
- -
- -
266

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.11
2024
- -
- -
0.1
2025
- -
- -
0.07

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.04
2024
- -
- -
0.04
2025
- -
- -
0.03

Company Description

CEO
Jun Zhou
Full Time Employees
431
Sector
Process industries
Industry
Pulp & paper
Address
No.519, Section 2, Xinhua Avenue Chengdu SI China 610200
IPO Date
Jan 11, 2022
Website
vanov.cn
Business
Vanov Holdings Company Limited (Vanov) designs, manufactures, and sells papermaking felts under the VANOV and GOBEAR brands, serving paper mills, paper product manufacturers, and trading companies in the People’s Republic of China and internationally. It operates as an investment holding company with a core focus on papermaking felts used in packaging, printing, household, specialty, and pulp applications, including seamed and twill-weaving felts. The company offers a full spectrum of products across categories such as papermaking felts, packaging felts, printing felts, household felts, specialty felts, pulp felts, and related maintenance and service offerings, and provides pre-sale, pending-sale, after-sales, and commitment-to-service support. Vanov maintains headquarters in Chengdu, China, and has established operations in China and internationally, targeting paper mills, paper product manufacturers, and trading companies as its principal customer base. The company was founded in 2007 and operates as a subsidiary of Perfect Angle Limited. Vanov emphasizes ongoing capacity expansion, product upgrades through technology and R&D, and international market penetration as key strategic priorities. Recent corporate changes include board and committee adjustments in 2026 and ongoing strategic actions to strengthen R&D capabilities, upgrade production facilities, and extend global reach. The group’s strategic plan centers on fully leveraging its new production line, advancing green high-performance TPU felts, and building world-class production sites to enhance market competitiveness and meet high-end demand. Notable recent developments also include governance changes affecting independent non-executive directors and ongoing reviews of capital deployment to support capacity expansion and technology upgrades. Vanov operates within the paper and paper products industry, with business segments spanning felt design, manufacturing, and sales, and targets customers across domestic and international markets seeking high-quality papermaking felts and related services. As of the latest updates, Vanov reports a modest revenue trajectory with investment in depreciation-related costs and capacity ramp-up, while pursuing accelerated international penetration and operational efficiency improvements in the near term.