South China Holdings Company Limited

South China Holdings Company Limited

HHKEX:413
0.02
HKD
0.00
(0.00%)
428.44MMarket 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
0.41
0.43
0.45
0.42
0.3
0.33
0.34
0.31
0.36
0.29
0.22
0.25
0.17
- -
Basic EPS, GAAP
0.04
0.03
0.02
0.02
0.02
0.01
0.05
0.01
- -
0.01
- -
- -
-0.11
- -
Free Cash Flow per Basic Share
0.01
-0.02
- -
-0.02
-0.01
-0.01
0.03
- -
- -
0.05
0.01
0.03
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.56
0.62
0.73
0.5
0.44
0.43
0.46
0.48
0.5
0.47
0.46
0.45
0.36
0.36
Tangible Book Value per Share
0.55
0.61
0.71
0.49
0.43
0.42
0.46
0.48
0.5
0.47
0.46
0.45
0.36
0.36
Basic Weighted Avg Shares
7,372
7,369
7,585
8,907
12,982
12,983
12,983
12,983
12,983
12,983
12,983
12,983
12,983
12,983
Sales/Revenue/Turnover
3,014
3,160
3,407
3,731
3,902
4,228
4,410
4,086
4,725
3,814
2,887
3,232
2,179
- -
Operating Margin (%)
-1.95
-3.83
-2.43
2.75
-0.21
-0.57
2.47
2.63
1.07
5.54
4.16
5.05
-14.98
- -
Depreciation Expense
68
102
95
95
95
98
143
138
136
135
111
100
102
- -
Net Income, GAAP
286
190
157
152
230
140
594
70
31
75
-32
1
-1,448
- -
Effective Tax Rate (%)
10.56
15.32
36.2
27.15
18.31
27.45
33.66
43.14
61.67
24.49
- -
75.68
- -
- -
Profit Margin (%)
9.48
6.01
4.6
4.08
5.89
3.31
13.47
1.71
0.65
1.96
-1.1
0.02
-66.45
- -
Working Capital
47
51
1,204
1,630
3,005
1,081
2,036
154
602
422
-135
-238
-1,529
-1,529
LT Debt
1,315
1,314
1,741
2,245
2,577
2,497
2,089
2,642
2,876
2,573
1,979
1,863
493
493
Total Equity
4,664
5,024
5,777
5,521
6,138
5,978
6,393
6,684
6,898
6,489
6,290
6,117
4,946
4,946
Return on Invested Capital (%)
1.5
1.45
2.4
2.47
3.53
2.38
6.38
1.56
0.84
1.98
- -
0.71
- -
- -
Return on Capital (%)
4.88
3.52
2.65
2.58
3.15
2.36
7.05
1.64
0.81
2.14
- -
0.48
- -
- -
Return on Common Equity (%)
7.01
4.3
3.12
2.87
4.2
2.46
10.14
1.12
0.48
1.18
-0.52
0.01
-27.69
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
2,134
3,319
3,012
LT Borrowings
1,598
274
272
LT Finance Leases
265
221
221
Preferred Equity and Hybrid Capital
2
2
2
Shares Outstanding
13,015
13,015
12,983
Market Capitalization
495
403
428

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
3,176
3,110
2,876
Cash, Cash Equivalents & STI
628
397
228
Accounts Receivable, Net
399
350
354
Inventories
958
1,081
943
Total Current Liabilities
3,414
4,635
4,405
Payables & Accruals
- -
- -
- -
ST Debt
2,134
3,319
3,012
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.21%
-5.54%
-19.16%
Free Cash Flow
-280.17%
-325.96%
-92.38%
Net Income, GAAP
-20,802.6%
-41,654.23%
-208,112.79%
Sales/Revenue/Turnover
-2.92%
-9.72%
-32.58%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2,887
2024
- -
- -
3,232
2025
- -
- -
2,179

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
-0.11

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

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

Company Description

CEO
Choi Ngor Cheung
Full Time Employees
4,481
Sector
Consumer durables
Industry
Recreational products
Address
60 Wyndham Street Hong Kong Hong Kong
IPO Date
Jun 16, 1987
Business
South China Holdings Company Limited (0413.HK) is an investment holding company principally engaged in trading and manufacturing operations including original equipment manufacturing of toy products, trading of footwear products and leather products, and sales of branded ball products; property investment and development; and agriculture and forestry businesses encompassing the cultivation of fruit trees and crops, rearing of livestock and aquatic products, forestation, and sale of related agricultural products. The company maintains a property investment portfolio with total gross floor area of approximately 626,000 square meters in prime locations across Mainland China including Nanjing, Shenyang and Tianjin, as well as approximately 26,000 square meters in Hong Kong; it also develops residential and commercial projects such as the flagship Central Square mixed-use development in Shenyang, where approximately 68% of saleable areas in residential towers and serviced apartments have been sold. South China Holdings operates manufacturing facilities with expansion into lower-cost regions including Vietnam, Cambodia and Bangladesh; conducts agriculture and forestry activities on long-term leases exceeding 290,000 mu of land in major provinces of Mainland China; and serves target markets in the United States, Europe, Japan and internationally. The group employs approximately 8,500 people and generates revenue primarily from the United States and Mainland China. Founded as part of the South China Group by financial experts and formerly known as South China (China) Limited prior to its name change in June 2015, the company is headquartered at 28th Floor, Bank of China Tower, 1 Garden Road, Central, Hong Kong, with its registered office in Grand Cayman. In recent developments, the company completed the disposal of subsidiaries Poben Consultants Limited, Pok Lake Profits Limited and Tripstowe Management Limited to Splendid Enterprises Limited, a firm controlled by chairman Ng Hung Sang, on December 2, 2024 for HK$185 million settled by set-off against related-party balances, recognizing a gain of approximately HK$122 million; it announced proposed alterations to the terms of HK$89.84 million convertible bonds in November 2025 involving connected transactions; and continues to advance manufacturing cost efficiencies through production diversification and automation while monitoring tariff impacts on toy exports to the United States.