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NASDAQ · RETAIL-HOBBY, TOY & GAME SHOPS · SMALL CAP

Here Group Ltd. HERE

5 fiscal years on record · CNY · FY2024 reported · SEC filings only
CNY 2.7B
▼ 28.2% YoY
CNY 358.7M
▼ 7.0% YoY
CNY 180.8M
▼ 35.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

As of the date of the annual report, it operated over 40 blind box product lines and over 30 plush pendant card products across its IP portfolio. As of the date of the annual report, the company held 11 proprietary intellectual properties, including WAKUKU and ZIYULI, along with four exclusive licensed intellectual properties and two non-exclusive licensed intellectual properties. Through its distribution partners, the company sells to over 10,000 retail stores across China and works with partners in more than 20 countries across North America, Europe, Southeast Asia, and the Middle East. It maintains a network of manufacturing partners primarily located in Guangdong and Guangxi, China, including suppliers for mold development, PVC products, plush toys, peripheral merchandise and raw materials. As of June 30, 2025, the company had registered 96 patents, 192 domain names, 414 copyrights, including 59 software copyrights, and 706 trademarks in China.

Written from the business description in Here Group Ltd's annual report to the U.S. Securities and Exchange Commission, filed 31 October 2025. Every sentence was checked against that document before publication.

Growth

CNY 2.7B
Revenue, FY2024 · full 5-year series below
Revenue CNY B Net income CNY B
FY2024 · Revenue 2.7 · Net income 0.4
2B3B
202020232024
Compound annual growth
−1.7%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Operating 14.6% · Net 13.1%
5%10%-5%-10%-15%
202020222024
ROE
FY2024 · ROE 54.1%
50%100%
202020222024
Three returns, three denominators.

Each CNY of equity produced 54 cents of profit this year.

Cash & shareholders

·
returned in FY2024 · dividends + net buybacks
Free cash flow CNY M
FY2024 · FCF 180.8
100M200M
202020222024
Net buybacks CNY M Dividends CNY M
FY2024 · Dividends 78.1 · Net buybacks ·
30M60M
2024

CNY 78.1M in dividends went back to shareholders.

Total assetsCNY 1.7B
EquityCNY 809.0M
CashCNY 830.2M
Gross debtCNY 11.1M
Net debtCNY -819.1M
Current ratio2.14×

The company holds more cash than debt.

The 5-year record

5 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
HERE, 5-year financial record
Metric 20242023202220212020
Revenue CNY B2.73.83.12.91.8
Operating income CNY B0.40.4−0.1−0.2−0.3
EBITDA CNY B0.40.4−0.1−0.2−0.3
Income tax CNY B0.10.00.00.00.0
Net income CNY B0.40.4−0.1−0.2−0.3
Free cash flow CNY B0.20.30.20.30.1
EPS, diluted CNY 2.172.27−1.26−5.26−12.89
Dividend / sh CNY ◌◌◌◌◌
Payout %22————
ROE %54.1104.2———

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 3 failures in 23 reconciliationsAUDITED

Reconciled in 2 of the 5 fiscal years we could check. 28 checks were skipped: the balance sheet is not tagged before 2021. 13 checks were skipped: EPS is not tagged before 2020. 13 checks were skipped: revenue is not tagged before 2020.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency3 failures
ActivityRetail-Hobby, Toy & Game Shops
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsJune 30
SEC categoryemerging growth company
Data on record since2020

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