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MARKETS / NASDAQ / HERE
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
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
2B20202021202220232024
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%20202021202220232024
ROE
FY2024 · ROE 54.1%
50%100%20202021202220232024

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
100M200M20202021202220232024
Net buybacks CNY M Dividends CNY M
FY2024 · Dividends 78.1 · Net buybacks —
40M2024

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
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 · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 3 failures in 23 reconciliationsAUDITED

Reconciled in 2 of 19 fiscal years. 72 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente3 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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