0113.Hk
0113.HK operates in the apparel and accessories retail sector, generating revenue primarily through the sale of clothing and related products to consumers.
Business. 0113.HK operates in the apparel and accessories retail sector, generating revenue primarily through the sale of clothing and related products to consumers.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
0113.HK operates in the apparel and accessories retail sector, generating revenue primarily through the sale of clothing and related products to consumers.
The company maintains a relatively strong liquidity position, with a current ratio of 3.96, indicating that it holds nearly four times as many current assets as current liabilities. However, its operating cash flow is negative at -188.9 million HKD, which may signal short-term cash flow pressures despite the high current ratio. The debt-to-equity ratio of 0.27 suggests a conservative capital structure, with total liabilities accounting for a small portion of total equity.
Profitability metrics show a return on equity (ROE) of 5.6% and a return on assets (ROA) of 4.05%, both of which are below the typical thresholds for high-performing retailers. These figures suggest that the company is generating modest returns relative to its equity and asset base. Gross profit of 859.1 million HKD represents 44.7% of total revenue, which is in line with industry norms for apparel retailers but does not indicate a significant competitive advantage.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and shifts in consumer demand. The absence of segment-specific data limits the ability to assess the performance of different product lines or geographic regions.
The company reported revenue of 1.92 billion HKD in the latest period, with no disclosed growth rate or outlook for the current or next fiscal year. The absence of forward-looking guidance makes it difficult to assess the company's growth trajectory. The capital expenditure of -24.9 million HKD indicates a reduction in investment in physical assets, which may reflect a strategic shift or cost-cutting measures.
The risk assessment highlights a medium liquidity risk, primarily due to the negative net cash position after accounting for total debt. While the company has a low dilution risk, the negative operating cash flow raises concerns about its ability to fund operations without external financing. No recent events, such as filings or transcripts, were provided to assess the company's strategic direction or operational changes.
- The company maintains a conservative capital structure with a low debt-to-equity ratio of 0.27.
- Despite a high current ratio, the company's negative operating cash flow indicates potential short-term liquidity challenges.
- ROE and ROA are below typical thresholds for high-performing retailers, suggesting modest profitability.
- Revenue is concentrated in a single segment with no geographic diversification, increasing exposure to regional risks.
- The company's growth trajectory is unclear due to the absence of disclosed growth rates or forward-looking guidance.
Bull / Bear case
analysis pipelineIn focus — financials by report
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- 0113.HK Market data — financials · 2026-05-26
Ownership & reference
Insider activity
Short positioning
Geographic breakdown
Intel & risk
4 tracked-field change(s) detected vs prior analysis; max severity: medium.
- Dilution risk— → lowlow
- Liquidity risk— → mediumlow
- Activity— → Retailersmedium
- Economic sector— → Consumer Cyclicalsmedium