Topsports International Holdings Limited

Topsports International Holdings Limited

1.01
HKD
+0.07
(+6.91%)
19.53BMarket Cap
Oct 28Next Earn
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
3.5
4.28
5.25
5.98
5.81
5.14
4.37
4.67
4.36
4.15
- -
Basic EPS, GAAP
0.21
0.23
0.35
0.41
0.45
0.39
0.3
0.36
0.21
0.2
- -
Free Cash Flow per Basic Share
0.2
0.31
0.36
1.02
0.66
0.8
0.64
0.44
0.55
0.39
- -
Dividend per Share
0.26
0.36
0.09
0.46
0.85
0.25
0.43
0.36
0.34
0.27
- -
Book Value per Share
0.79
0.61
0.31
1.7
1.57
1.71
1.59
1.59
1.46
1.39
1.39
Tangible Book Value per Share
0.61
0.44
0.13
1.52
1.39
1.53
1.41
1.42
1.29
1.22
1.22
Basic Weighted Avg Shares
6,201
6,201
6,201
5,634
6,201
6,201
6,201
6,201
6,201
6,201
6,201
Sales/Revenue/Turnover
21,690
26,550
32,564
33,690
36,009
31,877
27,073
28,933
27,013
25,740
- -
Operating Margin (%)
8.93
8.47
10.04
9.86
11.08
10.76
8.97
9.97
6.34
6.45
- -
Depreciation Expense
1,065
1,594
2,071
2,509
2,632
2,528
2,216
1,672
1,460
1,294
- -
Net Income, GAAP
1,317
1,436
2,200
2,303
2,770
2,447
1,837
2,213
1,286
1,267
- -
Effective Tax Rate (%)
30.38
32.07
27.76
25.36
28.06
26.45
20.92
19.86
17.63
16.07
- -
Profit Margin (%)
6.07
5.41
6.76
6.84
7.69
7.67
6.78
7.65
4.76
4.92
- -
Working Capital
1,915
574
-1,678
6,477
5,015
6,108
6,833
7,213
6,490
6,326
6,326
LT Debt
1,348
1,787
2,301
2,520
2,329
1,970
1,481
1,098
1,121
819
819
Total Equity
4,894
3,781
1,949
10,543
9,706
10,582
9,834
9,850
9,059
8,622
8,622
Return on Invested Capital (%)
- -
20.53
31.86
19.65
16.99
16.43
13.1
16.3
9.94
9.85
- -
Return on Capital (%)
- -
22.9
35.6
21.46
18.86
18.07
14.21
17.54
10.78
10.68
- -
Return on Common Equity (%)
- -
33.1
76.78
36.88
27.36
24.12
17.99
22.49
13.6
14.33
- -

Capital Structure

CNY

•

in mil. unless spec.
Feb'25
Aug'26
Feb'26
ST Debt
2,944
4,962
2,670
LT Borrowings
- -
- -
- -
LT Finance Leases
1,121
760
819
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,201
6,201
6,201
Market Capitalization
19,566
18,260
17,124

Working Capital

CNY

•

in mil. unless spec.
Feb'25
Aug'26
Feb'26
Total Current Assets
10,986
12,674
10,741
Cash, Cash Equivalents & STI
2,587
2,538
2,074
Accounts Receivable, Net
752
935
1,339
Inventories
6,004
5,834
5,486
Total Current Liabilities
4,496
6,388
4,415
Payables & Accruals
- -
- -
- -
ST Debt
2,944
4,962
2,670
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-2.15%
-4.82%
Free Cash Flow
- -
-6.56%
-27.73%
Net Income, GAAP
- -
-11.9%
-1.49%
Sales/Revenue/Turnover
- -
-6.21%
-4.71%
Total Cash Common Dividend
- -
-8.23%
-20.59%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
28,933
2025
- -
- -
27,013
2026
- -
- -
25,740

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.36
2025
- -
- -
0.21
2026
- -
- -
0.2

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.36
2025
- -
- -
0.34
2026
- -
- -
0.27

Company Description

CEO
Wu Yu
Full Time Employees
22,376
Sector
Retail trade
Industry
Apparel/Footwear retail
Address
M1, The Edge Hong Kong Hong Kong
IPO Date
Oct 10, 2019
Business
Topsports International Holdings Limited operates as a leading sportswear retail operator in China, primarily engaged in the trading and sale of sports shoes, sports shirts, and various sports apparel products. The company operates an extensive retail network including flagship stores, shop-in-shop arrangements, and e-commerce platforms to serve its consumer base across China. Founded in 1999 and headquartered in Kwai Chung, Hong Kong, Topsports holds long-term partnerships with over 20 leading global sports brands such as Nike and Adidas, enabling it to offer a comprehensive range of branded sportswear. Besides product sales, Topsports also leases commercial spaces to other retailers for concessionaire sales and provides related information technology, media communication, and marketing services. In recent strategic developments, the company has expanded its brand portfolio with exclusive China licensing deals including Norwegian brand Norrøna, Canadian brands Norda and Ciele, and Soar, enhancing its role from distributor to a provider of end-to-end services including brand strategy, marketing campaigns, and channel development. Additionally, Topsports has renewed key framework agreements with connected entities such as Belle International and Li Xun to bolster future growth. The company reported some operational contraction in store numbers in the latest fiscal period and has approved a special dividend reflecting its capital return strategy. These moves underscore Topsports' ongoing efforts to stabilize performance amid evolving market conditions while positioning for expansion in the dynamic sportswear retail industry in China. The company remains focused on leveraging its multi-channel retail infrastructure and brand partnerships to capture the growing demand fueled by an increasingly active and fashion-conscious middle-class population.

Company News

  • Topsports International Holdings Limited (TPSRF) Q2 2026 Earnings Call Transcript