W 
Wah Sun Handbags International Holdings 2683.HK · HKD
Consumer Discretionary · HKEX · 🇭🇰 Hong Kong
1.12
+0.90%
Close of 9 Nov 2026, in HKD
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At a glance
Figures in HKD, from our data supplier.
Revenue
HK$849.5m
FY2017FY2026
Net income
HK$86.4m
FY2017FY2026
Free cash flow
HK$44.1m
FY2017FY2026
Shareholders' equity
HK$332.4m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$849.5m | HK$724.1m | HK$594.4m | HK$446.5m | HK$617.6m | HK$403.8m | HK$756.2m | HK$759.5m | HK$697.5m | HK$677.2m |
| Gross profit | HK$200.1m | HK$159.6m | HK$105.0m | HK$67.6m | HK$127.6m | HK$67.2m | HK$128.3m | HK$134.1m | HK$152.3m | HK$139.6m |
| Operating income | HK$108.9m | HK$81.6m | HK$34.0m | HK$11.9m | HK$54.4m | HK$11.1m | HK$18.8m | HK$48.8m | HK$58.1m | HK$64.5m |
| Net income | HK$86.4m | HK$64.3m | HK$28.5m | HK$8.5m | HK$39.5m | HK$5.6m | HK$11.1m | HK$40.7m | HK$45.6m | HK$54.9m |
| Diluted earnings per share | 0.21 | 0.16 | 0.07 | 0.02 | 0.10 | 0.01 | 0.03 | 0.10 | 0.11 | 0.17 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$476.9m | HK$420.9m | HK$371.3m | HK$382.4m | HK$417.0m | HK$374.1m | HK$401.7m | HK$487.0m | HK$422.5m | HK$288.9m |
| Cash and short-term investments | HK$205.6m | HK$188.8m | HK$142.7m | HK$103.0m | HK$116.5m | HK$110.7m | HK$84.5m | HK$92.7m | HK$108.9m | HK$51.4m |
| Total liabilities | HK$142.1m | HK$127.3m | HK$115.9m | HK$137.8m | HK$157.9m | HK$138.2m | HK$163.8m | HK$243.3m | HK$213.9m | HK$220.7m |
| Debt | HK$19.8m | HK$18.7m | HK$21.5m | HK$23.8m | HK$22.5m | HK$24.4m | HK$30.2m | HK$17.3m | HK$20.2m | HK$35.6m |
| Shareholders' equity | HK$332.4m | HK$294.9m | HK$259.3m | HK$247.2m | HK$259.3m | HK$236.0m | HK$237.9m | HK$243.8m | HK$208.6m | HK$68.2m |
| Shares outstanding | 408m | 409m | 409m | 409m | 409m | 409m | 409m | 409m | 409m | 320m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$52.0m | HK$88.1m | HK$63.8m | HK$22.2m | HK$37.3m | HK$40.0m | HK$33.7m | HK$15.2m | HK$26.9m | HK$54.3m |
| Capital spending | −HK$7.9m | −HK$6.8m | −HK$2.9m | −HK$7.2m | −HK$12.2m | −HK$1.1m | −HK$4.3m | −HK$18.9m | −HK$11.8m | −HK$13.2m |
| Free cash flow | HK$44.1m | HK$81.2m | HK$60.9m | HK$15.0m | HK$25.1m | HK$38.8m | HK$29.3m | −HK$3.7m | HK$15.1m | HK$41.1m |
| Dividends paid | −HK$49.0m | −HK$28.6m | −HK$16.3m | −HK$20.4m | −HK$16.3m | −HK$8.2m | −HK$16.5m | −HK$4.0m | −HK$20.0m | −HK$4.0m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$417.8m | HK$431.7m | HK$371.8m | HK$352.3m | HK$259.9m | HK$334.5m | HK$198.9m | HK$247.6m |
| Gross profit | HK$96.7m | HK$103.4m | HK$84.5m | HK$75.1m | HK$42.8m | HK$62.1m | HK$32.5m | HK$35.0m |
| Operating income | HK$51.6m | HK$59.9m | HK$44.0m | HK$33.3m | HK$8.2m | HK$22.5m | HK$1.9m | HK$3.8m |
| Net income | HK$38.1m | HK$48.3m | HK$37.3m | HK$27.0m | HK$7.6m | HK$20.9m | HK$1.2m | HK$7.3m |
| Diluted earnings per share | 0.09 | 0.12 | 0.09 | 0.07 | 0.02 | 0.05 | 0.00 | 0.02 |
| Cash from operations | HK$47.0m | HK$4.0m | HK$68.0m | HK$21.0m | HK$11.0m | HK$51.0m | −HK$3.0m | HK$24.0m |
| Capital spending | −HK$7.0m | — | — | −HK$5.0m | — | −HK$2.0m | −HK$1.0m | −HK$5.0m |
| Free cash flow | HK$40.0m | — | — | HK$16.0m | — | HK$49.0m | −HK$4.0m | HK$19.0m |
| Total assets | HK$476.9m | HK$482.9m | HK$420.9m | HK$423.9m | HK$371.3m | HK$412.4m | HK$382.4m | HK$411.5m |
| Cash and short-term investments | HK$205.6m | HK$217.2m | HK$188.8m | HK$156.3m | HK$142.7m | HK$147.5m | HK$103.0m | HK$131.3m |
| Debt | HK$4.9m | HK$22.0m | HK$18.7m | HK$20.9m | HK$21.5m | HK$3.4m | HK$23.5m | HK$25.2m |
| Shareholders' equity | HK$332.4m | HK$318.6m | HK$294.9m | HK$274.1m | HK$259.3m | HK$264.0m | HK$247.2m | HK$250.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.9% | 16.0% | 3.8% |
| Operating income | 109.2% | 57.8% | 7.6% |
| Net income | 116.6% | 73.1% | 6.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.9% | 20.4% | 20.0% | 19.3% |
| Operating margin | 12.1% | 9.0% | 8.3% | 7.7% |
| Net margin | 9.6% | 7.2% | 6.4% | 6.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.3 | 7.5 | 7.0 | 16.8 | 3.6 | 29.8 | 9.9 | 4.9 | 5.6 |
| Price to sales | 0.5 | 0.7 | 0.3 | 0.3 | 0.2 | 0.4 | 0.1 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 15 Dec 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.08 | 0.05 | 0.03 | 0.03 | 0.02 | 0.01 | 0.04 | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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