Fountain Set (Holdings) Limited

Fountain Set (Holdings) Limited

HHKEX:420
0.63
HKD
+0.00
(-0.79%)
735.02MMarket Cap
Mar 19Next Earn
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
5.77
5.73
5.53
5.25
5.74
6.23
5.42
4.04
5.51
4.94
3.62
3.61
3.38
- -
Basic EPS, GAAP
0.08
0.08
0.08
0.11
0.13
0.13
0.12
0.07
0.2
-0.09
0.04
0.01
0.06
- -
Free Cash Flow per Basic Share
0.11
0.14
0.28
0.04
- -
0.18
0.6
0.4
-0.3
0.61
0.16
-0.02
0.22
- -
Dividend per Share
- -
0.02
0.04
0.04
0.05
0.1
0.12
0.1
0.07
0.16
- -
0.03
0.05
- -
Book Value per Share
2.59
2.65
2.68
2.74
2.82
2.85
2.79
2.77
2.91
2.63
2.67
2.64
2.65
2.65
Tangible Book Value per Share
2.48
2.54
2.58
2.64
2.73
2.76
2.78
2.76
2.9
2.63
2.67
2.62
2.63
2.63
Basic Weighted Avg Shares
1,203
1,203
1,204
1,205
1,205
1,205
1,218
1,225
1,225
1,225
1,225
1,225
1,225
1,225
Sales/Revenue/Turnover
6,943
6,891
6,653
6,329
6,914
7,511
6,606
4,943
6,751
6,054
4,440
4,427
4,137
- -
Operating Margin (%)
0.77
1.49
2.2
2.96
2.4
2.61
3.08
1.96
3.99
-1.34
-5.06
0.57
2.36
- -
Depreciation Expense
262
210
200
185
191
185
270
242
202
209
208
189
193
- -
Net Income, GAAP
91
91
100
128
157
161
141
86
241
-116
51
14
71
- -
Effective Tax Rate (%)
- -
22.67
15.86
10.76
17.1
22.78
20.42
16.83
19.91
- -
38.95
55.13
18.16
- -
Profit Margin (%)
1.32
1.31
1.5
2.02
2.27
2.14
2.14
1.73
3.57
-1.91
1.15
0.32
1.72
- -
Working Capital
1,993
1,819
1,913
1,962
2,096
2,206
2,129
2,059
2,249
2,193
2,204
2,123
2,251
2,251
LT Debt
517
214
159
179
220
303
313
153
130
352
190
112
150
150
Total Equity
3,279
3,326
3,395
3,454
3,556
3,601
3,585
3,580
3,759
3,424
3,469
3,456
3,482
3,482
Return on Invested Capital (%)
- -
1.84
2.93
4.06
3.25
3.47
3.83
2.01
5.21
- -
-3.19
0.27
0.58
- -
Return on Capital (%)
- -
2.51
2.24
3.02
3.72
3.84
3.45
2.15
5.45
- -
1.28
- -
1.81
- -
Return on Common Equity (%)
2.98
2.88
3.11
3.92
4.68
4.7
4.12
2.52
6.94
-3.41
1.57
0.44
2.2
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
71
52
36
LT Borrowings
- -
- -
- -
LT Finance Leases
112
119
150
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,225
1,225
1,225
Market Capitalization
784
796
735

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
3,096
3,090
3,079
Cash, Cash Equivalents & STI
1,295
1,252
1,547
Accounts Receivable, Net
744
807
644
Inventories
785
874
701
Total Current Liabilities
973
960
827
Payables & Accruals
- -
- -
- -
ST Debt
71
52
36
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.31%
-0.44%
0.76%
Free Cash Flow
-698.72%
-359.93%
-1,137.45%
Net Income, GAAP
21.93%
43.52%
399.94%
Sales/Revenue/Turnover
-3.15%
-1.45%
-6.55%
Total Cash Common Dividend
- -
- -
83.33%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
4,440
2024
- -
- -
4,427
2025
- -
- -
4,137

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.04
2024
- -
- -
0.01
2025
- -
- -
0.06

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
0.03
2025
- -
- -
0.05

Company Description

CEO
Gang Li
Full Time Employees
5,600
Sector
Process industries
Industry
Textiles
Address
Eastern Sea Industrial Building Hong Kong Hong Kong
IPO Date
Apr 20, 1988
Website
fshl.com
Business
Fountain Set (Holdings) Limited is a leading Hong Kong-based manufacturer specializing in circular knitted fabrics and vertically integrated textile products. The company produces and sells a broad range of core products including knitted fabrics, dyed yarns, sewing threads, printed and finished textiles, as well as garments. Its manufacturing process encompasses fabric knitting, dyeing, printing, finishing, and garment production, serving a global clientele across regions including Hong Kong, Mainland China, Southeast Asia, Europe, the Americas, and other Asian markets. Established in 1969 and headquartered in Hong Kong, Fountain Set is recognized as one of the world's largest and most established fabric manufacturers, with significant expertise in research and development to support innovation in textile production. In recent developments, Fountain Set (Holdings) Limited continues to leverage its advanced fabric production and printing capabilities to offer comprehensive one-stop textile services to its worldwide clients. The company maintains ongoing collaborations with brands and suppliers to develop innovative fabric products, supporting its market competitiveness and commitment to quality. In the last 1-2 years, Fountain Set has returned to profitability, showing resilience in a volatile business environment. The group remains strategically focused on sustainability and operational excellence, though no public disclosures indicate major acquisitions or restructurings within this period. Fountain Set operates primarily within the apparel and textile industry segments, targeting apparel manufacturers, garment brands, and retailers worldwide. The company caters to diverse markets including Africa, Australasia, Central and South America, Eastern Europe, Japan, Korea, Middle East, North America, Scandinavia, Taiwan, and Western Europe. It employs a large workforce and generates multi-billion HKD annual turnover, underscoring its scale and importance in the global textile supply chain. Fountain Set also benefits from a vertically integrated business model that enhances quality control and production efficiency throughout the fabric manufacturing cycle. Overall, Fountain Set (Holdings) Limited remains a cornerstone entity in the textile manufacturing sector with a large global footprint, a diversified product portfolio focusing on circular knitted fabrics and textile-related products, and a strong presence in both mature and emerging markets. Its long-standing heritage since 1969, comprehensive product and service offerings, and recent operational focus form the basis of its continuing market relevance and growth potential. This description synthesizes the latest available public information on the company in 2025, reflecting its products, services, market reach, foundation, and recent corporate standing.