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HERE · Nasdaq · United States · Retail-Hobby, Toy & Game Shops
In shortHere Group Ltd is profitable, generates cash and holds more cash than debt, with revenue shrinking (−28.2% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 14.6% | 65/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 13.2% | 73/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 54.1% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 36.8% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.14× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.01× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 5.09 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 6.6% | 47/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.50× | 25/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 5 | 40/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 4 | 58/100 |
| Revenue growth volatility | 37.8% | 0/100 |
| Operating margin volatility | 13.6% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -1.7% | 7/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 5 fiscal years from the company's annual reports.
CNY millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1,760 | 2,868 | 3,081 | 3,795 | 2,726 |
| Cost of revenue | 179 | 409 | 391 | 550 | 504 |
| Gross profit | 1,581 | 2,459 | 2,690 | 3,245 | 2,222 |
| Research & development | 116 | 273 | 220 | 145 | 99 |
| Operating income | (331) | (235) | (114) | 377 | 397 |
| Pre-tax income | (315) | (215) | (87) | 417 | 469 |
| Income tax | 1 | 18 | 22 | 31 | 113 |
| Net income | (316) | (233) | (109) | 386 | 359 |
| Diluted EPS | −¥12.89 | −¥5.26 | −¥1.26 | ¥2.27 | ¥2.17 |
| Diluted shares (millions) | 41 | 49 | 104 | 170 | 165 |
5.09 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2025 · Data updated Oct 31, 2025