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

26.1%

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

Swipe horizontally to view all columns.

Income statement quarterly history for Tsit Wing International Holdings Limited (2119.HK).
Income Statement (Quarterly)	2026-04-09	2025-12-31	2025-06-30	2025-03-31
Revenue	380,427,000	408,729,999	380,427,000	190,213,500
Cost of Revenue	264,553,998	312,185,999	264,553,998	132,276,999
Gross Profit	115,873,000	96,544,000	115,873,000	57,936,500
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	86,213,000	75,725,999	86,213,000	43,106,500
Operating Expenses	86,213,000	76,013,999	86,213,000	43,106,500
Operating Income	29,660,000	20,529,999	29,660,000	14,830,000
Interest Expense	1,672,000	722,999	1,672,000	0
Income Before Tax	29,786,000	20,258,999	29,786,000	14,893,000
Income Tax Expense	4,924,000	2,392,999	4,924,000	2,462,000
Net Income	24,862,000	17,865,999	24,862,000	12,431,000
Per Share
EPS	0.03	0.02	0.03	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)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	789,156,999	721,117,000	728,930,000	695,938,000	766,793,000
Cost of Revenue	586,704,999	475,157,000	489,432,000	461,176,000	467,815,000
Gross Profit	202,451,999	245,960,000	239,498,000	234,762,000	298,978,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	151,813,999	182,746,000	182,157,000	183,674,000	195,776,000
Operating Expenses	152,170,999	182,746,000	184,892,000	179,003,000	195,776,000
Operating Income	50,280,999	63,214,000	58,396,000	57,168,000	0
Interest Expense	1,558,999	1,779,000	1,040,000	892,000	864,000
Income Before Tax	50,044,999	74,041,000	58,998,000	57,239,000	100,596,000
Income Tax Expense	7,316,999	14,950,000	10,287,000	9,815,000	20,352,000
Net Income	42,727,999	59,091,000	48,711,000	47,424,000	80,244,000
Per Share
EPS	0.06	0.08	0.07	0.07	0.11
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)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	153,274,000	170,446,000	253,752,000	189,789,000
Short Term Investments	0	0	0	0
Net Receivables	119,884,000	117,912,000	115,169,000	114,115,000
Inventory	197,384,000	164,260,000	131,502,000	195,920,000
Total Current Assets	497,583,000	452,714,000	517,463,000	517,854,000
Property Plant Equipment	212,824,000	223,483,000	213,335,000	208,485,000
Goodwill and Intangibles	0	0	0	91,000
Total Assets	714,234,000	680,171,000	735,117,000	730,571,000
Liabilities
Account Payables	95,842,000	77,250,000	63,360,000	77,909,000
Short Term Debt	18,173,000	15,882,000	14,563,000	21,941,000
Total Current Liabilities	166,673,000	144,706,000	125,926,000	143,264,000
Long Term Debt	7,365,000	17,345,000	10,524,000	4,705,000
Total Liabilities	186,344,000	170,510,000	144,681,000	155,335,000
Shareholders Equity
Retained Earnings	0	119,280,000	179,982,000	160,994,000
Total Shareholders Equity	527,890,000	509,661,000	590,436,000	575,236,000

Balance sheet annual history for Tsit Wing International Holdings Limited (2119.HK).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	153,274,000	170,446,000	253,752,000	189,789,000	272,114,000
Short Term Investments	0	0	0	0	0
Net Receivables	119,884,000	117,912,000	115,169,000	114,115,000	0
Inventory	197,384,000	164,260,000	131,502,000	195,920,000	166,606,000
Total Current Assets	497,583,000	452,714,000	517,463,000	517,854,000	580,168,000
Property Plant Equipment	212,824,000	223,483,000	213,335,000	208,485,000	178,334,000
Goodwill and Intangibles	0	0	0	91,000	220,000
Total Assets	714,234,000	680,171,000	735,117,000	730,571,000	762,446,000
Liabilities
Account Payables	95,842,000	77,250,000	63,360,000	77,909,000	89,940,000
Short Term Debt	18,173,000	15,882,000	14,563,000	21,941,000	15,767,000
Total Current Liabilities	166,673,000	144,706,000	125,926,000	143,264,000	152,707,000
Long Term Debt	7,365,000	17,345,000	10,524,000	4,705,000	13,338,000
Total Liabilities	186,344,000	170,510,000	144,681,000	155,335,000	173,926,000
Shareholders Equity
Retained Earnings	0	119,280,000	179,982,000	160,994,000	152,476,000
Total Shareholders Equity	527,890,000	509,661,000	590,436,000	575,236,000	588,520,000

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