H 
Health and Happiness (H&H) International Holdings 1112.HK · HKD
Consumer Staples · HKEX · 🇭🇰 Hong Kong
25.24
+1.53%
Close of 9 Nov 2026, in HKD
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥16.70bn
FY2016FY2025
Net income
CN¥228.3m
FY2016FY2025
Free cash flow
CN¥1.10bn
FY2016FY2025
Shareholders' equity
CN¥6.97bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥16.70bn | CN¥15.19bn | CN¥16.21bn | CN¥14.87bn | CN¥13.44bn | CN¥13.03bn | CN¥12.71bn | CN¥11.79bn | CN¥9.42bn | CN¥7.57bn |
| Gross profit | CN¥10.43bn | CN¥9.21bn | CN¥9.86bn | CN¥8.97bn | CN¥8.43bn | CN¥8.36bn | CN¥8.41bn | CN¥7.84bn | CN¥6.13bn | CN¥4.72bn |
| Research and development | CN¥251.6m | CN¥282.8m | CN¥239.8m | CN¥184.1m | CN¥167.5m | CN¥161.7m | CN¥190.5m | CN¥175.9m | CN¥114.8m | CN¥89.9m |
| Operating income | CN¥1.82bn | CN¥1.24bn | CN¥2.03bn | CN¥1.87bn | CN¥1.30bn | CN¥2.07bn | CN¥2.31bn | CN¥2.29bn | CN¥2.10bn | CN¥1.97bn |
| Net income | CN¥228.3m | −CN¥62.5m | CN¥677.1m | CN¥712.0m | CN¥591.8m | CN¥1.32bn | CN¥1.17bn | CN¥981.2m | CN¥1.09bn | CN¥1.11bn |
| Diluted earnings per share | 0.36 | -0.10 | 1.05 | 1.11 | 0.92 | 2.05 | 1.82 | 1.51 | 1.69 | 1.75 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥22.59bn | CN¥21.93bn | CN¥23.32bn | CN¥24.40bn | CN¥23.60bn | CN¥20.04bn | CN¥18.46bn | CN¥17.29bn | CN¥16.45bn | CN¥16.53bn |
| Cash and short-term investments | CN¥2.01bn | CN¥1.87bn | CN¥1.69bn | CN¥2.68bn | CN¥2.79bn | CN¥2.13bn | CN¥2.58bn | CN¥2.23bn | CN¥2.43bn | CN¥1.75bn |
| Total liabilities | CN¥15.62bn | CN¥15.16bn | CN¥16.00bn | CN¥17.25bn | CN¥16.75bn | CN¥12.82bn | CN¥11.95bn | CN¥11.64bn | CN¥11.54bn | CN¥12.81bn |
| Debt | CN¥10.53bn | CN¥9.36bn | CN¥9.22bn | CN¥9.67bn | CN¥9.48bn | CN¥6.17bn | CN¥6.04bn | CN¥5.97bn | CN¥6.28bn | CN¥6.76bn |
| Shareholders' equity | CN¥6.97bn | CN¥6.77bn | CN¥7.33bn | CN¥7.15bn | CN¥6.85bn | CN¥7.22bn | CN¥6.51bn | CN¥5.64bn | CN¥4.90bn | CN¥3.68bn |
| Shares outstanding | 642m | 641m | 646m | 644m | 645m | 644m | 643m | 650m | 641m | 634m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.16bn | CN¥1.57bn | CN¥1.28bn | CN¥1.71bn | CN¥2.20bn | CN¥1.78bn | CN¥1.67bn | CN¥1.98bn | CN¥2.27bn | CN¥1.80bn |
| Capital spending | −CN¥55.0m | −CN¥113.2m | −CN¥105.9m | −CN¥119.3m | −CN¥124.1m | −CN¥123.9m | −CN¥154.4m | −CN¥305.3m | −CN¥679.7m | −CN¥102.9m |
| Free cash flow | CN¥1.10bn | CN¥1.45bn | CN¥1.17bn | CN¥1.59bn | CN¥2.08bn | CN¥1.66bn | CN¥1.52bn | CN¥1.67bn | CN¥1.59bn | CN¥1.69bn |
| Dividends paid | −CN¥160.4m | −CN¥328.1m | −CN¥552.2m | −CN¥271.9m | −CN¥474.3m | −CN¥1.00bn | −CN¥316.0m | −CN¥316.0m | −CN¥316.0m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.98bn | CN¥8.54bn | CN¥8.17bn | CN¥7.40bn | CN¥7.79bn | CN¥8.08bn | CN¥8.12bn | CN¥7.94bn |
| Gross profit | CN¥6.53bn | CN¥5.32bn | CN¥5.11bn | CN¥4.42bn | CN¥4.79bn | CN¥4.90bn | CN¥4.96bn | CN¥4.67bn |
| Operating income | CN¥2.11bn | CN¥869.0m | CN¥1.07bn | CN¥720.6m | CN¥1.11bn | CN¥824.4m | CN¥1.29bn | CN¥801.9m |
| Net income | CN¥700.8m | CN¥145.6m | CN¥82.6m | −CN¥418.4m | CN¥355.9m | −CN¥30.5m | CN¥707.6m | CN¥159.1m |
| Diluted earnings per share | 1.09 | 0.23 | 0.13 | -0.65 | 0.55 | -0.05 | 1.09 | 0.25 |
| Cash from operations | CN¥1.64bn | CN¥300.0m | CN¥1.16bn | CN¥342.0m | CN¥1.22bn | CN¥1.25bn | CN¥25.0m | CN¥1.06bn |
| Capital spending | −CN¥32.0m | −CN¥28.0m | −CN¥28.0m | −CN¥87.0m | −CN¥25.0m | −CN¥34.0m | −CN¥33.0m | −CN¥21.0m |
| Free cash flow | CN¥1.61bn | CN¥272.0m | CN¥1.13bn | CN¥255.0m | CN¥1.20bn | CN¥1.22bn | −CN¥8.0m | CN¥1.04bn |
| Total assets | CN¥22.67bn | CN¥22.59bn | CN¥22.57bn | CN¥21.93bn | CN¥23.66bn | CN¥23.32bn | CN¥24.88bn | CN¥24.40bn |
| Cash and short-term investments | CN¥2.32bn | CN¥2.01bn | CN¥2.11bn | CN¥1.87bn | CN¥2.83bn | CN¥1.59bn | CN¥2.49bn | CN¥2.68bn |
| Debt | CN¥2.13bn | CN¥10.53bn | CN¥10.83bn | CN¥10.89bn | CN¥11.16bn | CN¥10.73bn | CN¥11.86bn | CN¥11.25bn |
| Shareholders' equity | CN¥7.58bn | CN¥6.97bn | CN¥6.99bn | CN¥6.77bn | CN¥7.52bn | CN¥7.33bn | CN¥7.75bn | CN¥7.15bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 62.4% | 60.6% | 60.8% | 60.3% | 62.8% | 64.2% |
| Operating margin | 10.9% | 8.2% | 12.5% | 12.2% | 9.6% | 16.5% |
| Net margin | 1.4% | -0.4% | 4.2% | 4.8% | 4.4% | 10.2% |
| Return on equity | 3.3% | -0.9% | 9.2% | 10.0% | 8.6% | 18.3% |
| Return on assets | 1.0% | -0.3% | 2.9% | 2.9% | 2.5% | 6.6% |
| Free cash flow yield | 8.0% | 11.1% | 9.1% | 12.0% | 15.3% | 12.5% |
| Revenue growth | 10.0% | -6.3% | 9.0% | 10.6% | 3.2% | 2.5% |
| Earnings growth | -465.1% | -109.2% | -4.9% | 20.3% | -55.3% | 13.1% |
| Current ratio | 1.15x | 1.19x | 0.61x | 1.14x | 0.81x | 1.52x |
| Debt to equity | 1.49x | 1.60x | 1.45x | 1.56x | 1.60x | 0.97x |
| Equity ratio | 30.9% | 30.9% | 31.4% | 29.3% | 29.0% | 36.0% |
| Interest coverage | 2.28x | 1.23x | 2.16x | 2.94x | 4.22x | 7.58x |
| R&D as a share of sales | 1.5% | 1.9% | 1.5% | 1.2% | 1.2% | 1.2% |
| Buybacks as a share of market value | -0.1% | 0.8% | -0.3% | 0.1% | -0.1% | -0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.0% | 5.1% | 11.5% |
| Operating income | -1.0% | -2.6% | 9.0% |
| Net income | -31.6% | -29.6% | -2.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 61.6% | 61.1% | 61.8% | 62.9% |
| Operating margin | 9.6% | 11.0% | 11.5% | 14.5% |
| Net margin | 0.5% | 2.5% | 3.9% | 5.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 32.3 | -79.4 | 10.1 | 13.2 | 11.5 | 12.2 | 15.5 | 25.9 | 26.8 | 12.0 |
| Price to sales | 0.4 | 0.3 | 0.4 | 0.6 | 0.5 | 1.2 | 1.4 | 2.2 | 3.1 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 19 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.16 | 0.24 | 0.54 | 0.82 | 0.42 | 0.76 | 1.48 | 0.48 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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