Dmall Inc.

Dmall Inc.

HHKEX:2586
8.54
HKD
0.00
(0.00%)
6.68BMarket Cap
Mar 24Next Earn
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.96
1.5
1.79
3.37
2.45
- -
Basic EPS, GAAP
-1.97
-0.91
-0.67
-3.97
0.15
- -
Free Cash Flow per Basic Share
-1.46
-0.25
-0.21
-0.15
0.16
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
-5.44
-6.95
-7.74
0.63
0.97
0.97
Tangible Book Value per Share
-5.73
-7.22
-8.01
0.3
0.73
0.73
Basic Weighted Avg Shares
887
887
887
552
907
902
Sales/Revenue/Turnover
848
1,328
1,585
1,859
2,227
- -
Operating Margin (%)
-124.2
-39.04
-19.23
-1.53
6.01
- -
Depreciation Expense
66
64
58
61
63
- -
Net Income, GAAP
-1,751
-807
-592
-2,195
134
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-206.4
-60.79
-37.36
-118.09
6.01
- -
Working Capital
-5,268
-6,301
-6,949
365
658
658
LT Debt
87
258
336
88
32
32
Total Equity
-4,739
-6,077
-6,765
641
956
956
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
18.26
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
469
347
336
LT Borrowings
84
44
21
LT Finance Leases
4
7
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
899
901
927
Market Capitalization
5,492
7,481
6,003

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,284
1,030
1,395
Cash, Cash Equivalents & STI
888
623
942
Accounts Receivable, Net
248
308
340
Inventories
5
14
19
Total Current Liabilities
918
704
737
Payables & Accruals
- -
- -
- -
ST Debt
469
347
336
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
49.07%
Free Cash Flow
- -
- -
-276.08%
Net Income, GAAP
- -
- -
-106.09%
Sales/Revenue/Turnover
- -
- -
19.78%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,585
2024
- -
- -
1,859
2025
- -
- -
2,227

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.67
2024
- -
- -
-3.97
2025
- -
- -
0.15

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

CEO
Kai Yang
Full Time Employees
1,290
Sector
Technology services
Industry
Packaged software
Address
Haidian Culture and Art Building Beijing BE China 100081
IPO Date
Dec 6, 2024
Website
dmall.com
Business
Dmall Inc. (2586.HK) is a holding company that provides retail digitalization solutions to retailers in the local retail industry, primarily through its Retail Core Service Cloud, E-commerce Service Cloud, and Others segments. The Retail Core Service Cloud offers solutions anchored on Dmall OS software and artificial intelligence of things (AIoT), covering supply chain management including suppliers, procurement, inventory, warehouse, and logistics; store management with POS cash registers, inventory control, price tags, freshness monitoring, clearance, task assignment, and shift scheduling; headquarters management encompassing business-finance integration, data reporting, and franchise oversight; membership systems, points programs, smart marketing, prepaid cards, WeChat private domains, mini-programs, delivery platforms, O2O instant delivery, mall decoration, category management, brand management, display optimization, and automatic replenishment; plus AIoT features like intelligent warehouse restocking, loss prevention, silver line operations, remote monitoring, overnight inbound systems, AI smart scales, self-service purchases, and IoT platforms. The E-commerce Service Cloud delivers online-to-offline (O2O) platform services and logistics, while the Others segment provides offline marketing services, products, discounts, coupons, shopping, and payment subsidies. Founded in 2015 and headquartered in Beijing, China, with additional offices in Shenzhen, the company serves customers including DFI Retail Group, Metro China, Wumart Group, and Chongqing Heavy百 Group across China, Hong Kong, Macau, the Philippines, Malaysia, Singapore, Poland, and other international markets, employing around 1,340 people. In July 2025, Dmall completed a top-up placing and subscription of new shares raising approximately HKD388 million (about USD50 million), with proceeds allocated to R&D in stablecoins, blockchain technology advancement, and general corporate purposes. As of October 2025, the company is pursuing potential acquisitions of Hong Kong brokerages to enter the virtual asset market, establishing synergies between retail scenarios and real-world assets (RWA), expanding into digital finance ecosystems, and positioning for AI-driven new retail services with virtual assets. Dealings in its shares on the Hong Kong Stock Exchange Main Board commenced on December 6, 2024, following a proposed listing.