Win Hanverky Holdings Limited

Win Hanverky Holdings Limited

HHKEX:3322
0.22
HKD
+0.01
(+4.37%)
277.43MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.33
2.82
3.02
3.14
2.72
3.23
3.92
3.13
3.22
3.18
2.39
2.81
2.66
- -
Basic EPS, GAAP
0.12
0.03
0.19
0.11
0.02
0.03
0.05
-0.18
-0.05
0.01
-0.29
-0.05
-0.14
- -
Free Cash Flow per Basic Share
-0.12
-0.05
0.06
-0.07
-0.09
-0.33
-0.18
0.41
-0.12
0.14
0.16
0.06
0.08
- -
Dividend per Share
0.07
0.07
0.08
0.12
0.05
0.05
0.02
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.77
1.69
1.77
1.74
1.73
1.69
1.68
1.54
1.53
1.45
1.14
1.05
0.94
0.94
Tangible Book Value per Share
1.51
1.47
1.56
1.52
1.59
1.43
1.49
1.36
1.35
1.28
0.98
0.9
0.85
0.85
Basic Weighted Avg Shares
1,268
1,268
1,271
1,284
1,284
1,280
1,284
1,284
1,284
1,284
1,284
1,284
1,284
1,284
Sales/Revenue/Turnover
2,951
3,575
3,842
4,033
3,496
4,138
5,034
4,021
4,137
4,084
3,074
3,608
3,418
- -
Operating Margin (%)
5.03
2.07
6.57
4.7
2.62
1.16
3.9
-1.84
-1.23
0.81
-8.56
0.58
0.8
- -
Depreciation Expense
107
181
199
154
120
144
343
300
279
269
215
162
146
- -
Net Income, GAAP
151
32
243
143
21
42
64
-234
-66
10
-375
-68
-183
- -
Effective Tax Rate (%)
23.48
63.83
10.49
28.58
14.89
33.3
28.16
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
5.12
0.89
6.34
3.56
0.6
1.02
1.28
-5.81
-1.61
0.25
-12.21
-1.9
-5.36
- -
Working Capital
1,127
1,064
1,160
1,150
1,193
878
779
700
707
753
477
441
425
425
LT Debt
- -
- -
- -
- -
- -
- -
373
126
198
150
178
130
123
123
Total Equity
2,232
2,139
2,306
2,245
2,265
2,185
2,113
1,968
1,943
1,860
1,441
1,345
1,190
1,190
Return on Invested Capital (%)
4.69
0.6
10.92
5.65
3.24
4.19
4.72
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
8.2
2.07
10.02
6.29
0.84
1.41
2.84
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
6.87
1.45
11.02
6.37
0.94
1.92
2.97
-11.32
-3.38
0.53
-22.55
-4.86
-14.33
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
560
613
583
LT Borrowings
- -
- -
- -
LT Finance Leases
130
97
123
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,284
1,284
1,284
Market Capitalization
216
299
277

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,646
1,684
1,664
Cash, Cash Equivalents & STI
250
437
264
Accounts Receivable, Net
523
318
487
Inventories
716
765
704
Total Current Liabilities
1,205
1,275
1,238
Payables & Accruals
- -
- -
- -
ST Debt
560
613
583
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-6.17%
-9.26%
-11.54%
Free Cash Flow
-68.1%
-73.44%
32.15%
Net Income, GAAP
-436.54%
-785.53%
167.67%
Sales/Revenue/Turnover
0.06%
-2.2%
-5.24%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
3,074
2024
- -
- -
3,608
2025
- -
- -
3,418

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.29
2024
- -
- -
-0.05
2025
- -
- -
-0.14

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

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

Company Description

CEO
Chun Ho Li
Full Time Employees
16,500
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
Hong Kong Spinners Industrial Building Hong Kong Hong Kong
IPO Date
Sep 6, 2006
Business
Win Hanverky Holdings Limited is an integrated manufacturer, retailer, and distributor primarily engaged in the design, manufacture, wholesale, and retail of sportswear, functional outerwear, fashion apparel, and outdoor clothing. Its core products include sportswear, golf apparel, high-end fashion garments, and related accessories under various internationally renowned brands. The company operates a diverse range of product categories such as activewear, functional outerwear with advanced textile technology, and fashion retail networks that include prominent brands like D-mop and J-01. Win Hanverky has extensive geographic operations spanning Mainland China, Hong Kong, Europe, the United States, and other Asian countries, targeting both wholesale and retail customers in the sports, fashion, and outdoor markets. Founded in 1981, the company is headquartered in Hong Kong. In recent years, Win Hanverky has undertaken strategic initiatives to strengthen its market presence and product offerings. Notably, it formed a strategic partnership with a comprehensive sportswear conglomerate in Mainland China to enhance its high-end functional outerwear business. The company also expanded its retail footprint by subscribing to an additional 25% equity interest in Win Sports, raising its stake to 75%, thus bolstering its retail and wholesale platform in Hong Kong and Mainland China. Furthermore, Win Hanverky launched a soccer concept mega store named “Futbol Trend” in Hong Kong, featuring international soccer brands and clubs, and commenced operating licensed stores under the “New Era” brand. The company entered into an exclusive distribution agreement for the German jewelry brand Thomas Sabo in Mainland China and invested in a joint venture applying innovative non-hazardous textile dyeing technology under the “e.dye” trademark, piloting a factory in Kunshan, Jiangsu province. These developments reflect a strategic focus on innovation, market expansion, and product diversification. Win Hanverky's business segments are broadly divided into Manufacturing and High-end Fashion Retailing. The manufacturing segment emphasizes sportswear and functional outerwear produced using advanced textile technologies. Its retail segment operates multi-brand fashion stores that serve a diverse clientele interested in international sports and fashion brands. The company continues to leverage its vertically integrated business model to maintain competitive advantages in cost control, supply chain management, and market responsiveness. The company has demonstrated resilience with revenue growth and improved operating performance, highlighted by a revenue increase of approximately 29% in 2024, reaching around HK$3.97 billion. This was accompanied by a significant reduction in operating losses, signaling improving financial health. Win Hanverky has maintained its listing on the Hong Kong Stock Exchange since 2006 and continues to expand its operational scope with a clear emphasis on sustainable production practices and geographic diversification across major global markets. Overall, Win Hanverky Holdings Limited represents a diversified apparel and fashion group with integrated manufacturing and retail capabilities, focused on sports, fashion, and outdoor brands, supported by strategic partnerships, acquisitions, and innovative technologies to drive growth in key markets across Asia, Europe, and the Americas.