Tsit Wing International Holdings Limited (2119.HK)

Name: Tsit Wing International Holdings Limited Financial Statements
Creator: Quarter Results

Consumer Defensive | Beverages NonAlcoholic

Latest reporting period: 2026-04-09

Latest Quarter

2026-04-09

Revenue

$380M

Net Income

$24.9M

Operating Margin

7.8%

Free Cash Flow

$49.0M

Debt / Assets

25.1%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Tsit Wing International Holdings Limited (2119.HK).
Income Statement (Quarterly)	2026-04-09	2025-06-30	2025-03-31	2024-12-31
Revenue	380,427,000	380,427,000	190,213,500	185,840,000
Cost of Revenue	264,553,998	264,553,998	132,276,999	125,663,500
Gross Profit	115,873,000	115,873,000	57,936,500	60,176,500
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	86,213,000	86,213,000	43,106,500	46,372,000
Operating Expenses	86,213,000	86,213,000	43,106,500	46,372,000
Operating Income	29,660,000	29,660,000	14,830,000	13,804,500
Interest Expense	1,672,000	1,672,000	0	0
Income Before Tax	29,786,000	29,786,000	14,893,000	14,458,500
Income Tax Expense	4,924,000	4,924,000	2,462,000	2,986,000
Net Income	24,862,000	24,862,000	12,431,000	11,472,500
Per Share
EPS	0.03	0.03	0.02	0.02
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Tsit Wing International Holdings Limited (2119.HK).
Income Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Revenue	721,117,000	728,930,000	695,938,000	766,793,000	638,507,000
Cost of Revenue	475,157,000	489,432,000	461,176,000	467,815,000	375,453,000
Gross Profit	245,960,000	239,498,000	234,762,000	298,978,000	263,054,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	182,746,000	182,157,000	183,674,000	195,776,000	181,484,000
Operating Expenses	182,746,000	184,892,000	179,003,000	195,776,000	170,698,000
Operating Income	63,214,000	58,396,000	57,168,000	0	92,356,000
Interest Expense	1,779,000	1,040,000	892,000	864,000	1,441,000
Income Before Tax	74,041,000	58,998,000	57,239,000	100,596,000	91,779,000
Income Tax Expense	14,950,000	10,287,000	9,815,000	20,352,000	14,982,000
Net Income	59,091,000	48,711,000	47,424,000	80,244,000	76,797,000
Per Share
EPS	0.08	0.07	0.07	0.11	0.10
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Tsit Wing International Holdings Limited (2119.HK).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	170,446,000	253,752,000	189,789,000	272,114,000
Short Term Investments	0	0	0	0
Net Receivables	117,912,000	115,169,000	114,115,000	0
Inventory	164,260,000	131,502,000	195,920,000	166,606,000
Total Current Assets	452,714,000	517,463,000	517,854,000	580,168,000
Property Plant Equipment	223,483,000	213,335,000	208,485,000	178,334,000
Goodwill and Intangibles	0	0	91,000	220,000
Total Assets	680,171,000	735,117,000	730,571,000	762,446,000
Liabilities
Account Payables	77,250,000	63,360,000	77,909,000	89,940,000
Short Term Debt	15,882,000	14,563,000	21,941,000	15,767,000
Total Current Liabilities	144,706,000	125,926,000	143,264,000	152,707,000
Long Term Debt	17,345,000	10,524,000	4,705,000	13,338,000
Total Liabilities	170,510,000	144,681,000	155,335,000	173,926,000
Shareholders Equity
Retained Earnings	119,280,000	179,982,000	160,994,000	152,476,000
Total Shareholders Equity	509,661,000	590,436,000	575,236,000	588,520,000

Balance sheet annual history for Tsit Wing International Holdings Limited (2119.HK).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	170,446,000	253,752,000	189,789,000	272,114,000	276,807,000
Short Term Investments	0	0	0	0	0
Net Receivables	117,912,000	115,169,000	114,115,000	0	0
Inventory	164,260,000	131,502,000	195,920,000	166,606,000	117,959,000
Total Current Assets	452,714,000	517,463,000	517,854,000	580,168,000	522,720,000
Property Plant Equipment	223,483,000	213,335,000	208,485,000	178,334,000	158,056,000
Goodwill and Intangibles	0	0	91,000	220,000	330,000
Total Assets	680,171,000	735,117,000	730,571,000	762,446,000	684,740,000
Liabilities
Account Payables	77,250,000	63,360,000	77,909,000	89,940,000	51,595,000
Short Term Debt	15,882,000	14,563,000	21,941,000	15,767,000	20,521,000
Total Current Liabilities	144,706,000	125,926,000	143,264,000	152,707,000	121,485,000
Long Term Debt	17,345,000	10,524,000	4,705,000	13,338,000	4,935,000
Total Liabilities	170,510,000	144,681,000	155,335,000	173,926,000	132,237,000
Shareholders Equity
Retained Earnings	119,280,000	179,982,000	160,994,000	152,476,000	126,656,000
Total Shareholders Equity	509,661,000	590,436,000	575,236,000	588,520,000	552,503,000

Cash flow quarterly history for Tsit Wing International Holdings Limited (2119.HK).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	59,091,000	48,711,000	57,239,000	80,244,000
Depreciation & Amortization	37,881,000	39,291,000	40,785,000	39,242,000
Stock Based Compensation	0	0	0	0
Change in Working Capital	-21,486,000	48,154,000	-41,649,000	-27,132,000
Operating Cash Flow	77,132,000	143,349,000	41,795,000	97,593,000
Investing Activities
Capital Expenditure	-28,090,000	-37,784,000	-76,328,000	-31,214,000
Investments	-28,090,000	-37,784,000	-76,328,000	-31,214,000
Investing Cash Flow	-7,119,000	-32,040,000	-72,872,000	-30,037,000
Financing Activities
Debt Repayment	-11,579,000	-3,492,000	-31,349,000	-23,295,000
Common Stock Issued/Repurchased	0	0	0	170,000
Dividends Paid	-135,858,000	-29,045,000	-37,911,000	-51,821,000
Financing Cash Flow	-152,333,000	-46,014,000	-44,679,000	-74,299,000
Summary
Free Cash Flow	49,042,000	105,565,000	-34,533,000	66,379,000
Net Change in Cash	-83,306,000	63,963,000	-82,325,000	-4,693,000

Cash flow annual history for Tsit Wing International Holdings Limited (2119.HK).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	59,091,000	48,711,000	57,239,000	80,244,000	76,797,000
Depreciation & Amortization	37,881,000	39,291,000	40,785,000	39,242,000	38,925,000
Stock Based Compensation	0	0	0	0	593,000
Change in Working Capital	-21,486,000	48,154,000	-41,649,000	-27,132,000	-9,622,000
Operating Cash Flow	77,132,000	143,349,000	41,795,000	97,593,000	106,106,000
Investing Activities
Capital Expenditure	-28,090,000	-37,784,000	-76,328,000	-31,214,000	-34,274,000
Investments	-28,090,000	-37,784,000	-76,328,000	-31,214,000	-34,274,000
Investing Cash Flow	-7,119,000	-32,040,000	-72,872,000	-30,037,000	-31,023,000
Financing Activities
Debt Repayment	-11,579,000	-3,492,000	-31,349,000	-23,295,000	-60,794,000
Common Stock Issued/Repurchased	0	0	0	170,000	-51,325,000
Dividends Paid	-135,858,000	-29,045,000	-37,911,000	-51,821,000	-36,453,000
Financing Cash Flow	-152,333,000	-46,014,000	-44,679,000	-74,299,000	-117,214,000
Summary
Free Cash Flow	49,042,000	105,565,000	-34,533,000	66,379,000	71,832,000
Net Change in Cash	-83,306,000	63,963,000	-82,325,000	-4,693,000	-38,404,000