1. Hong Kong Stocks

  2. •

    Retail trade

  3. •

    Apparel/Footwear retail
Forward Fashion (International) Holdings Company Limited

Forward Fashion (International) Holdings Company Limited

HHKEX:2528
0.65
HKD
-0.03
(-5.11%)
88.00MMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.38
2.67
3.36
3.78
2.23
3.07
2.4
2.52
2.35
2.18
- -
Basic EPS, GAAP
0.02
0.15
0.26
0.09
-0.33
0.08
-0.08
-0.04
-0.19
0.14
- -
Free Cash Flow per Basic Share
0.45
0.68
0.51
0.53
0.88
0.43
0.41
0.4
0.21
0.4
- -
Dividend per Share
0.1
0.08
0.03
- -
0.05
- -
- -
- -
- -
- -
- -
Book Value per Share
0.2
0.29
0.51
0.6
0.67
0.76
0.62
0.57
0.37
0.53
0.37
Tangible Book Value per Share
0.17
0.27
0.49
0.58
0.62
0.74
0.6
0.56
0.36
0.52
0.36
Basic Weighted Avg Shares
400
400
400
400
396
400
400
400
400
400
400
Sales/Revenue/Turnover
950
1,067
1,345
1,514
884
1,228
960
1,008
938
870
- -
Operating Margin (%)
4.11
9.65
11.49
4.73
-12.2
4.05
-1.22
-0.32
-7.15
8.14
- -
Depreciation Expense
212
216
230
289
296
235
186
167
152
129
- -
Net Income, GAAP
8
61
104
37
-131
32
-33
-17
-77
58
- -
Effective Tax Rate (%)
16.91
20.97
14.22
22.65
- -
32.87
- -
- -
- -
9.95
- -
Profit Margin (%)
0.83
5.7
7.73
2.46
-14.83
2.62
-3.45
-1.67
-8.19
6.63
- -
Working Capital
-7
-5
49
5
53
6
- -
6
36
96
36
LT Debt
382
341
359
380
261
150
116
119
148
74
148
Total Equity
75
112
204
238
264
300
242
219
131
197
131
Return on Invested Capital (%)
- -
11.37
17.06
7.18
- -
5.57
- -
- -
- -
17.3
- -
Return on Capital (%)
- -
11.74
16.26
7.25
- -
5.9
- -
- -
- -
16.7
- -
Return on Common Equity (%)
- -
61.54
64.44
16.76
-51.77
11.23
-11.97
-7.05
-40.69
31.87
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
146
141
163
LT Borrowings
23
28
24
LT Finance Leases
97
83
124
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
400
400
400
Market Capitalization
118
94
88

Working Capital

HKD

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
542
480
455
Cash, Cash Equivalents & STI
120
84
83
Accounts Receivable, Net
48
45
62
Inventories
308
290
252
Total Current Liabilities
536
401
419
Payables & Accruals
- -
- -
- -
ST Debt
146
141
163
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-1%
50.29%
Free Cash Flow
- -
-2.27%
94.76%
Net Income, GAAP
- -
-39.09%
-175.01%
Sales/Revenue/Turnover
- -
1.57%
-7.26%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,008
2024
- -
- -
938
2025
- -
- -
870

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.04
2024
- -
- -
-0.19
2025
- -
- -
0.14

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Xing Yi Chen
Full Time Employees
954
Sector
Retail trade
Industry
Apparel/Footwear retail
Address
Unit 5, 10/F Hong Kong Hong Kong
IPO Date
Jan 13, 2020
Website
forward-fashion.com
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Business
Forward Fashion (International) Holdings Company Limited (2528.HK), an investment holding company incorporated in the Cayman Islands in 2005 and headquartered at Suite 1204, 12/F, Tower 6, The Gateway, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong, principally engages in the retail of fashion apparel of international brands ranging from established designer labels and popular global brands to up-and-coming brands through a multi-brand, multi-store business model in Greater China, including Mainland China, Macau, Hong Kong and Taiwan. The company operates 157 self-operated retail stores as of December 31, 2024, comprising 142 mono-brand stores and 13 multi-brand stores under its own brands UM, UM Junior, UM.IXOX, IXOX and WF Fashion; offers premium fashion and casual wear, lingerie, athleisure and sportswear; sells footwear, bags, cosmetics and skincare, toys, designer home accessories, artistic ornaments and other lifestyle products through retail stores, online channels, wholesale and store management services; and runs the Galeries Lafayette department store and Five Guys American burger chain in Macau, with a brand portfolio of 205 brands, predominantly international labels. Recent developments include a 6.9% year-on-year revenue decline to HKD938.3 million in 2024 amid macroeconomic challenges and cautious consumer spending, resulting in a net loss of HKD85.1 million; store portfolio optimization with 25 net closures to 155 stores; robust growth in online sales by 63.2%, store management and consignment services by 109.7%, and wholesale by 154.3%; full utilization of proceeds from its 2020 Hong Kong listing for retail expansion, store upgrades and new brands except HKD12.1 million earmarked for brand exploration by end-2025; and maintenance of a current ratio of 1.1 times with net current assets of HKD36.1 million as of year-end.