Sincere Co. Ltd.
HHKEX:2440.26
HKD
-0.05
(-16.39%)
ISIN
HK0244001258
Return %
Stock
S&P 500
1Y
-20.31
14.20
3Y
14.86
81.12
5Y
-51.89
68.34
Capital Structure
HKD
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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
•
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
- Jiao Hua Su
- Full Time Employees
- 178
- Sector
- Retail trade
- Industry
- Department stores
- Address
- Jardine House Hong Kong Hong Kong
- IPO Date
- Dec 30, 1988
- Website
- sincere.com.hk
- Similar Companies
- Business
- The Sincere Company, Limited (0244.HK) operates a chain of department stores in Hong Kong, offering a wide range of consumer products including men's, ladies' and children's wear; shoes and accessories; handbags; outerwear and sportswear; cosmetics; electrical and household goods; bedding and bath items; travel merchandise; and food products; alongside securities trading in Hong Kong and overseas markets and the provision of life insurance products. The company maintains three department stores in Hong Kong, located in Central, Mong Kok (its flagship store exceeding 40,000 square feet) and Sham Shui Po, primarily serving local consumers with high-quality imported goods at competitive prices. Founded in 1900 and headquartered at Suite 2411, 24/F, Jardine House, 1 Connaught Place, Central, Hong Kong, it is a subsidiary of Manureen Holdings Limited, which is controlled by Dr. Lin Xiaohui (70%) and Madam Su Jiaohua (30%). In recent developments, the company renewed a key lease for one of its stores through its subsidiary Right View on March 25, 2024, securing continued operations at sizable premises to support scale, cost efficiencies and market share expansion through arm's-length negotiations. It reported unaudited interim results for the six months ended June 30, 2025, reflecting ongoing department store operations amid net current liabilities of HK$195.7 million, supported by financial backing from related parties including a HK$260 million loan facility from a related company (unutilised HK$80.4 million as of that date) and undertakings from Dr. Lin and Manureen Holdings for at least 12 months. Previously, in December 2024, Realord Group Holdings Limited disposed of its 75% stake in the company for HK$387.8 million, shifting controlling interest while principal activities in retailing, securities and insurance persist without material change.