1. Hong Kong Stocks

  2. •

    Consumer non-durables

  3. •

    Consumer sundries
Wah Sun Handbags International Holdings Ltd.

Wah Sun Handbags International Holdings Ltd.

HHKEX:2683
1.09
HKD
+0.01
(+0.46%)
482.18MMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
1.37
1.46
1.69
2.18
1.86
1.85
0.99
1.51
1.09
1.45
1.77
2.08
- -
Basic EPS, GAAP
0.02
0.12
0.14
0.14
0.1
0.03
0.01
0.1
0.02
0.07
0.16
0.21
- -
Free Cash Flow per Basic Share
0.09
0.01
0.1
0.05
-0.01
0.07
0.1
0.06
0.04
0.15
0.2
0.1
- -
Dividend per Share
0.03
0.05
- -
0.06
0.01
0.04
0.02
0.04
0.05
0.04
0.07
0.12
- -
Book Value per Share
0.06
0.14
0.17
0.51
0.6
0.58
0.58
0.63
0.6
0.63
0.72
0.81
0.81
Tangible Book Value per Share
0.06
0.14
0.17
0.51
0.6
0.58
0.58
0.63
0.6
0.63
0.72
0.81
0.81
Basic Weighted Avg Shares
400
400
400
320
409
409
409
409
409
409
409
409
409
Sales/Revenue/Turnover
546
586
677
697
759
756
404
618
447
594
724
850
- -
Operating Margin (%)
3.61
7.99
10.75
8.09
5.4
1.61
3.85
9.22
1.03
4.49
10.3
12.63
- -
Depreciation Expense
5
7
8
8
8
11
9
9
11
12
12
13
- -
Net Income, GAAP
7
48
55
46
41
11
6
40
8
29
64
86
- -
Effective Tax Rate (%)
37.72
6.98
13.24
18.41
9.61
24.88
39.62
24.75
38.03
17.32
19
20.37
- -
Profit Margin (%)
1.33
8.21
8.11
6.53
5.36
1.47
1.38
6.4
1.9
4.8
8.88
10.17
- -
Working Capital
-15
16
26
162
185
181
186
203
189
204
245
285
285
LT Debt
- -
- -
- -
- -
- -
24
22
21
20
18
15
15
15
Total Equity
24
54
68
209
244
238
236
259
245
255
294
335
335
Return on Invested Capital (%)
- -
89.69
63.29
28.06
18.08
5.81
2.97
17.15
2.84
10.35
22.45
26.91
- -
Return on Capital (%)
- -
91.95
65.38
28.58
18.3
5.57
2.62
15.25
4.72
12.26
21.8
25.65
- -
Return on Common Equity (%)
- -
123.37
89.56
32.93
17.98
4.6
2.35
15.97
3.35
11.25
23.19
27.54
- -

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
3
5
5
LT Borrowings
- -
- -
- -
LT Finance Leases
15
17
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
409
409
409
Market Capitalization
253
368
482

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
357
419
412
Cash, Cash Equivalents & STI
189
191
179
Accounts Receivable, Net
64
130
121
Inventories
62
51
60
Total Current Liabilities
112
146
127
Payables & Accruals
- -
- -
- -
ST Debt
3
5
5
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
28.23%
7.52%
14.06%
Free Cash Flow
9.79%
43.29%
-47.97%
Net Income, GAAP
79.16%
185.57%
34.38%
Sales/Revenue/Turnover
7.79%
19.5%
17.32%
Total Cash Common Dividend
- -
50.29%
71.43%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
594
2025
- -
- -
724
2026
- -
- -
850

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.07
2025
- -
- -
0.16
2026
- -
- -
0.21

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.04
2025
- -
- -
0.07
2026
- -
- -
0.12

Company Description

Company Profile APIChatGPT
CEO
Hing Ming Ma
Full Time Employees
4,514
Sector
Consumer non-durables
Industry
Consumer sundries
Address
Wah Yiu Industrial Centre Hong Kong NT Hong Kong 100011
IPO Date
Jan 22, 2018
Website
wahsun.com.hk
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Business
Wah Sun Handbags International Holdings Limited is an investment holding company principally engaged in the manufacture and trade of non-leather handbag products as an original equipment manufacturer. The company produces top handle bags, shoulder bags, crossbody bags and tote bags made primarily from polyvinyl chloride, polyurethane, synthetic leather, leatherette, vegan leather and various textile materials; its products target mass market and middle-end priced segments for multinational fashion brands. Wah Sun Handbags International Holdings Limited operates production facilities mainly in Cambodia, which accounts for approximately 90% of capacity, with additional bases in the People's Republic of China; it sells to customers principally in the United States, Canada, the Netherlands and other countries internationally. The company was founded in 1989 and is headquartered in Sha Tin, Hong Kong; it is a subsidiary of Wah Sun International Holdings Limited. In the fiscal year ended March 31, 2025, the company reported revenue growth of 21.8% to HK$724.1 million and profit attributable to owners of HK$64.3 million; for the six months ended September 30, 2025, revenue rose 22.5% to HK$431.7 million with profit attributable to owners at HK$48.3 million. Latest developments include the completion of an acquisition of an office property in Hong Kong for HK$4.7 million in April 2024 to secure long-term operations and eliminate rental expenses; the board recommended enhanced final and special dividends of HK6.0 cents per share for fiscal 2025 and declared interim and special dividends of HK6.0 cents per share for the first half of fiscal 2026.