Belle International Holdings Ltd.

In the news

Hong Kong gauge trumps 27,000 after two years on Fed, earnings optimism Jul 27, 2017
Belle delists from Hong Kong exchange ahead of digital revamp Jul 27, 2017
Chinese outbound investment boom falters Jul 22, 2017
Hong Kong shares eke out gains for seventh day as China stocks rebound Jul 18, 2017
Hong Kong shares set to snap six-day rally on extended China losses Jul 18, 2017

See more articles on Belle International Holdings Ltd.

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.

Business Summary

Belle International Holdings Ltd. is an investment company, which engages in the manufacture, distribution, and retail of shoes and footwear products; and the sale of sportswear and apparel products. Through its subsidiaries, it operates through the Shoes and Footwear Products; and Sportswear and Apparel Products segments. The Shoes and 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 Products 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 by Yiu Tang in 1978 and is headquartered in Hong Kong.

Financial Highlights

Feb 2017	HKD	USD
Revenue	48,332.06M	6,229.55M
Gross Profit	24,977.17M	3,219.32M
Operating income	4,853.66M	625.59M
Income before tax	4,643.09M	598.45M
Net income	2,785.20M	358.98M
EBITDA	6,207.09M	800.03M
Diluted EPS	0.33	0.04
Dividends Per Share	1.57	0.20
Total Assets	35,875.79M	4,621.70M
Total liabilities	5,788.38M	745.69M
Total equity	29,918.45M	3,854.25M
Operating cash flow	5,346.17M	689.07M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2012	Feb 2014	Feb 2015	Feb 2016	Feb 2017
Revenue	40,395.92M	54,576.63M	50,124.16M	49,931.25M	48,332.06M
Gross Profit	22,864.10M	30,999.69M	27,607.55M	26,902.64M	24,977.17M
Operating income	6,315.77M	8,408.28M	7,245.73M	6,214.62M	4,853.66M
Income before tax	6,972.50M	8,925.07M	8,243.25M	5,470.98M	4,643.09M
Net income	5,350.59M	6,537.83M	5,968.45M	3,591.62M	2,785.20M
EBITDA	7,429.83M	10,024.78M	8,605.07M	7,507.27M	6,207.09M
Diluted EPS	0.63	0.66	0.70	0.42	0.33
Dividends Per Share	1.53	1.94	5.78	2.02	1.57
Total Assets	35,583.52M	40,913.04M	40,247.41M	36,884.54M	35,875.79M
Total liabilities	7,513.35M	7,651.92M	9,171.55M	6,851.74M	5,788.38M
Total equity	27,892.38M	33,076.59M	30,829.81M	29,783.49M	29,918.45M
Operating cash flow	5,666.42M	8,008.59M	7,278.30M	6,829.37M	5,346.17M

	Dec 2012	Feb 2014	Feb 2015	Feb 2016	Feb 2017
Revenue	5,207.66M	7,035.53M	6,464.25M	6,436.82M	6,229.55M
Gross Profit	2,947.54M	3,996.20M	3,560.40M	3,468.11M	3,219.32M
Operating income	814.20M	1,083.92M	934.44M	801.15M	625.59M
Income before tax	898.86M	1,150.54M	1,063.08M	705.28M	598.45M
Net income	689.77M	842.79M	769.72M	463.01M	358.98M
EBITDA	957.82M	1,292.30M	1,109.75M	967.79M	800.03M
Diluted EPS	0.08	0.08	0.09	0.05	0.04
Dividends Per Share	0.19	0.25	0.74	0.26	0.20
Total Assets	4,590.91M	5,271.58M	5,189.56M	4,743.29M	4,621.70M
Total liabilities	969.35M	985.93M	1,182.59M	881.12M	745.69M
Total equity	3,598.62M	4,261.87M	3,975.24M	3,830.10M	3,854.25M
Operating cash flow	730.49M	1,032.39M	938.64M	880.39M	689.07M

Valuation Measures

Feb 2017
PER	12.99
ROA	7.65%
ROE	9.33%
Operating margin	10.04%
Profit margin	5.76%

Key executives

Chief Executive Officer & Executive Director: Bai Jiao Sheng
Secretary & Chief Financial Manager: Kam Kwan Leung
Senior Vice President & GM-Human Resources: Zhao Li
Executive Director & President-Footwear Business: King Loy Tang

Shareholders

Contact Details

Website:http://www.belleintl.com
Address: 9/F, Belle Tower, 918 Cheung Sha Wan Road, Hong Kong, Hong Kong
Phone: +852.3929.0675

Related Companies

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Jiangsu Senda Footwear Co., Ltd.
New Belle Footwear (Shenzhen) Co. Ltd.
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Competitors

Last Updated on 23 Oct, 2018