Belle International Holdings Ltd.

Hong Kong

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  • 1y
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Jun 27, 2017
Prev close: 6.15
Jun 27, 2017
Market cap:
Market cap(USD):
Shares: 8,434.23M

Currency in HKD

Company profile

Market(Ticker): HKG(1880)
Consumer Non-Durables
Full time employees: 111,737

Business summary

Belle International Holdings Ltd. engages in the manufacture, distribution, and retailing of shoes and footwear products; and the sale of sportswear and apparel products. It operates through Footwear Business and, Sportswear and Apparel Business segments. The Footwear Business segment focuses on the production and distribution of footwear goods under the following brands: Belle, Staccato, Joy & Peace, Millie's, JipiJapa, Mirabell, Tata, Teenmix, Senda, Basto, SKAP, :15MINS, and Map by Belle. The Sportswear and Apparel Business segment includes the sale of goods under the following sportswear brands: Nike, Adidas, Puma, Converse, Vans, Timberland, Asics, and Onitsuka Tiger; and apparel brands such as MOUSSY, SLY and REPLAY. The company was founded in 1978 and is headquartered in Hong Kong.

Company background

Belle International Holdings, headquartered in Hong Kong, is China's largest shoe retailer. It sells its own women's shoe brand Belle as well as many other brands. The company also sells apparel and sportswear. Every department store in China sells the Belle brand.

The company is also known as a distributor of leading sporting goods makers, including Nike of the U.S. and Adidas of Germany. In addition, the company also sells other global brands, such as Puma, Converse and Mizuno.

The company was founded in 1978 by the current Chairman Tang Yiu. He is also the company's largest shareholder. Belle International operates about 20,000 shops across mainland China, locating shops in Hong Kong and Macau as well.

Footwear brands owned by the company account for about 50% of its sales, while major distribution sportswear brands account for some 40%. Other distribution footwear brands account for the remaining 10%.

The company produces products at five manufacturing bases, including factories in Shenzhen and Dongguan in Guangdong Province, to reduce costs through mass production.

In the news

Financial highlights

Feb 2017

  • Local currency
  • US Dollar
Revenue 48,332.06M
Gross profit 24,977.17M
Operating income 4,853.66M
Income before tax 4,643.09M
Net income 2,785.20M
EBITDA 6,207.09M
Diluted EPS 0.33
Dividends per share 0.20
Total assets 35,875.79M
Total liabilities 5,788.38M
Total equity 29,918.45M
Operating cash flow 5,346.17M

Currency in HKD

Revenue 6,229.55M
Gross profit 3,219.32M
Operating income 625.59M
Income before tax 598.45M
Net income 358.98M
EBITDA 800.03M
Diluted EPS 0.04
Dividends per share 0.02
Total assets 4,621.70M
Total liabilities 745.69M
Total equity 3,854.25M
Operating cash flow 689.07M

Currency in USD

Valuation measures

Feb 2017

PER 15.71
ROA 7.65%
ROE 9.33%
Operating margin 10.04%
Profit margin 5.76%

Key executive

  • Chief Executive Officer & Executive Director: Bai Jiao Sheng
  • Secretary & Chief Financial Manager: Kam Kwan Leung
  • Executive Director & Senior Vice President: Fang Sheng
  • Executive Director & President-Footwear Business: King Loy Tang

Share holders

  • TANG YIU(20.7%)
  • SHENG BAI JIAO(4.9%)
  • The Vanguard Group, Inc.(2.3%)
  • YU WU(2.2%)
  • Schroder Investment Management (Hong Kong) Ltd.(1.4%)
  • BlackRock Fund Advisors(1.2%)
  • Hang Seng Investment Management Ltd.(0.9%)
  • Norges Bank Investment Management(0.9%)
  • Schroder Investment Management Ltd.(0.8%)
  • State Street Global Advisors Asia Ltd.(0.8%)


  • Website:
  • Address: 9/F, Belle Tower, 918 Cheung Sha Wan Road, Hong Kong, Hong Kong
  • Phone: +852.3929.0675

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