Jiangsu Horizon Chain Supermarket Company Limited Class H

Jiangsu Horizon Chain Supermarket Company Limited Class H

HHKEX:2625
0.68
HKD
-0.04
(-6.25%)
1.07BMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.44
5.98
6.31
6.31
7.61
- -
Basic EPS, GAAP
0.16
0.23
0.23
0.2
0.18
- -
Free Cash Flow per Basic Share
-0.43
0.19
0.13
0.33
-0.53
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
1.8
2.02
2.23
2.44
3.06
3.06
Tangible Book Value per Share
1.65
1.88
2.09
2.31
2.94
2.94
Basic Weighted Avg Shares
222
222
222
214
203
212
Sales/Revenue/Turnover
1,432
1,329
1,402
1,351
1,544
- -
Operating Margin (%)
5.21
6.65
6.26
5.58
5.46
- -
Depreciation Expense
59
65
70
71
72
- -
Net Income, GAAP
36
50
50
43
37
- -
Effective Tax Rate (%)
26.45
25.44
26.34
29.47
29.32
- -
Profit Margin (%)
2.52
3.77
3.57
3.16
2.37
- -
Working Capital
81
137
209
282
450
450
LT Debt
88
82
89
135
112
112
Total Equity
398
447
493
541
740
740
Return on Invested Capital (%)
- -
7.21
6.52
5.34
4.24
- -
Return on Capital (%)
- -
7.16
6.46
5.36
4.22
- -
Return on Common Equity (%)
- -
12.24
11.01
8.53
5.89
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
434
546
566
LT Borrowings
59
42
56
LT Finance Leases
76
72
56
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
214
214
236
Market Capitalization
- -
544
957

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,057
1,212
1,404
Cash, Cash Equivalents & STI
217
168
238
Accounts Receivable, Net
173
214
247
Inventories
330
317
413
Total Current Liabilities
775
862
954
Payables & Accruals
- -
- -
- -
ST Debt
434
546
566
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
36.72%
Free Cash Flow
- -
- -
-251.91%
Net Income, GAAP
- -
- -
-14.26%
Sales/Revenue/Turnover
- -
- -
14.29%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
414
1,402
2024
- -
- -
1,351
2025
- -
- -
1,544

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
0.09
0.23
2024
- -
- -
0.2
2025
- -
- -
0.18

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

CEO
Ji Aan Zhang
Full Time Employees
1,335
Sector
Retail trade
Industry
Food retail
Address
Shao Bo Town Industrial Park Logistics Park Yangzhou JS China
IPO Date
Mar 31, 2025
Business
Jiangsu Horizon Chain Supermarket Company Limited (2625.HK) operates a chain of supermarkets and convenience stores under the Hongxinlong brand, primarily in the central region of Jiangsu Province, People's Republic of China; it also engages in grains and oil wholesale, retail store and shopping mall operations, supply and sale of meals, and leasing of shop floor areas or premises to restaurants, hotels, and pharmacies. The company offers a broad range of products including grains, oil, food and other grocery items; garments and wooden products; household and non-staple foods; fashion and apparel, children's wear, cosmetics and personal care, jewellery, footwear, household appliances, consumer electronics, liquor, tobacco, stationery, beauty products, and miscellaneous accessories. Founded in 1994 and headquartered in Shao Bo Town Industrial Park Logistics Park, Yangzhou, Jiangsu Province, it serves resellers, retail operators, corporates, schools, and government entities through approximately 51 supermarkets, 109 convenience stores, and two malls, namely Jiangdu Mall and Hongxinlong Mall, with all sales generated in China. In March 2025, the company completed its initial public offering on the Hong Kong Stock Exchange, raising approximately HKD 133.9 million through the issuance of H shares at HKD 2.50 each; it announced a change in its principal place of business address in April 2025 and released its 2025 interim report detailing ongoing partnerships with entities such as Jiangsu New Supply and Marketing Fund via Jiequan Fund. Looking ahead, Jiangsu Horizon plans to expand its retail store network, establish new distribution centers and central kitchens to boost warehousing and meal processing capacity, and enhance its ERP and infrastructure systems for improved operational efficiency in the Yangtze River Delta region.