TOPBI International Holdings Limited

TOPBI International Holdings Limited

TTWSE:2929
5.72
TWD
-0.03
(-0.52%)
-2.23EPS
618.64MMarket 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
41.75
43.79
50.42
53.3
54.98
61.86
75.91
25.68
27.2
23.36
21.9
19.46
16.06
16
Basic EPS, GAAP
6.31
7.09
7.85
6.88
8.48
8.72
12.01
-20.44
-6.43
1.22
-0.63
0.14
-1.68
-2.23
Free Cash Flow per Basic Share
2.68
7.77
7.92
6.78
8.77
8.97
12.15
-11.59
-11.89
-1
0.01
0.7
-1.02
-4.39
Dividend per Share
- -
2.23
3.54
2.9
2.05
3.63
2.74
0.15
- -
- -
- -
- -
- -
- -
Book Value per Share
23.66
29.47
33.15
34.83
41.11
45.58
51.74
31.9
25.23
26.81
25.7
26.74
25.03
25.36
Tangible Book Value per Share
23.66
29.47
33.15
34.83
41.11
45.58
51.74
31.9
25.23
26.81
25.7
26.73
25.03
25.36
Basic Weighted Avg Shares
91
106
107
107
108
109
94
109
109
109
109
109
109
109
Sales/Revenue/Turnover
3,795
4,657
5,371
5,696
5,916
6,765
7,170
2,808
2,964
2,546
2,386
2,121
1,754
1,749
Operating Margin (%)
22.32
23.41
21.92
18.12
19.71
19.83
21.68
-86.56
-24.78
-5.43
-0.17
-0.3
-9.76
-10.88
Depreciation Expense
29
31
26
24
23
30
32
27
25
17
12
9
8
8
Net Income, GAAP
574
754
836
735
913
954
1,135
-2,235
-701
133
-68
15
-183
-244
Effective Tax Rate (%)
34.07
33.42
33.36
29.34
27.55
27.97
27.1
- -
- -
19.24
- -
4
- -
- -
Profit Margin (%)
15.12
16.19
15.57
12.91
15.43
14.1
15.83
-79.57
-23.65
5.21
-2.86
0.7
-10.45
-13.92
Working Capital
1,946
2,652
3,189
3,446
4,211
4,684
5,511
3,201
2,535
2,898
2,872
2,991
2,825
2,854
LT Debt
- -
- -
- -
- -
- -
- -
45
- -
- -
- -
- -
- -
- -
- -
Total Equity
2,517
3,134
3,526
3,742
4,504
4,969
5,669
3,476
2,749
2,922
2,801
2,914
2,741
2,776
Return on Invested Capital (%)
30.3
24.6
21.45
16.92
16.68
15.94
17.72
- -
- -
3.14
- -
-0.21
- -
- -
Return on Capital (%)
32.51
26.53
23.63
17.51
18.59
16.4
18.73
- -
- -
4.49
- -
0.51
- -
- -
Return on Common Equity (%)
32.83
26.69
25.11
20.23
22.14
20.13
21.33
-48.87
-22.51
4.68
-2.38
0.52
-6.48
-8.99

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
109
109
109
Market Capitalization
867
671
619

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,567
3,349
3,273
Cash, Cash Equivalents & STI
2,571
2,414
2,441
Accounts Receivable, Net
775
698
608
Inventories
- -
16
- -
Total Current Liabilities
742
471
418
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.85%
-4.14%
-5.94%
Free Cash Flow
696.84%
1,428.34%
-246.04%
Net Income, GAAP
-206.04%
-359.8%
-1,338.36%
Sales/Revenue/Turnover
-7.39%
-8.66%
-17.32%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
473
377
459
812
2,121
2025
465
344
387
558
1,754
2026
420
384
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.09
-0.2
-0.01
0.43
0.14
2025
-0.02
-0.17
-0.11
-1.37
-1.68
2026
-0.22
-0.52
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Chih Hung Chou
Full Time Employees
191
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
No.97, Xinhu 1st Rd. Taipei TP Taiwan 11494
IPO Date
Dec 30, 2013
Business
TOPBI International Holdings Limited designs, develops, manufactures, and sells children's clothing and accessories primarily targeting children aged 1 to 16 years. The company's core products include self-owned branded children’s apparel such as shorts, trousers, shirts, T-shirts, cotton clothing, windbreakers, and dresses. It operates mainly in Taiwan and China, with sales distribution through agents in 13 provinces and 2 municipalities across China. The group’s operating entities include Topbi Children Apparel Co., Limited, Topbi (China) Fashion Corporation Limited, which is the main operating company, and Fujian TOPBI Network Technology Co., Ltd., focusing on live broadcasting and e-commerce. Founded in 2002 and headquartered in Taipei, Taiwan, TOPBI International Holdings has evolved through significant corporate restructuring and acquisitions, including the acquisition of 100% equity of Fuzhou Spring Investment Corp., Limited in 2022 and reorganization of subsidiaries. Recent operational changes include the rebranding of Fujian Topbi E-commerce Co., Limited to Fujian TOPBI Network Technology Co., Ltd. in 2023, emphasizing a shift to digital and live broadcast-based sales channels. The company continues to focus on integrating fashion trends and consumer needs into its product design, maintaining its position as one of the top ten children’s clothing brands in China, supported by a seasoned management team in the children’s apparel industry. The company’s recent strategic initiatives involve expanding its e-commerce and live-streaming business segments through Fujian TOPBI Network Technology, alongside ongoing investments in its primary apparel business. It maintains strong collaborations with agents in China to control market trends and ensure product relevancy. This multi-dimensional approach supports its competitive advantage and market positioning in the children’s apparel and accessories segment within Greater China. The company is listed on the Taiwan Stock Exchange under the ticker 2929.TW. This comprehensive operational focus, accompanied by strategic shifts towards digital channels and strengthened equity holdings in investment properties, marks TOPBI International Holdings Limited as a leading integrated children’s fashion and lifestyle brand operating primarily in the Chinese and Taiwanese markets.