NASDAQ : HERE
Here Group Limited — Financial statements
Consumer Discretionary · Leisure · China
Last price 1.53 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 83.21M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Here Group Limited (HERE) reported revenue of 596.80M CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 596.80M | 596.80M | 2.73B | 3.80B | 3.08B | 2.87B |
| Cost of Revenue | 399.55M | 399.55M | 503.73M | 550.31M | 391.50M | 408.76M |
| Gross Profit | 197.25M | 197.25M | 2.22B | 3.25B | 2.69B | 2.46B |
| Selling, General & Admin | 323.31M | 323.31M | 1.73B | 2.71B | 2.58B | 2.42B |
| Research & Development | 44.27M | 44.27M | 98.53M | 144.87M | 219.78M | 273.48M |
| Operating Expenses | 367.58M | 367.58M | 1.82B | 2.86B | 2.80B | 2.69B |
| Operating Income | -170.33M | -170.33M | 396.90M | 387.41M | -113.61M | -235.38M |
| Interest & Investment Income | 11.34M | 11.34M | 5.00M | 10.52M | 5.33M | 387.00K |
| Earnings From Equity Investments | 1.39M | |||||
| Other Non Operating Income (Expenses) | 16.65M | 16.65M | 9.15M | 10.51M | 12.08M | 15.02M |
| EBT Excluding Unusual Items | -142.34M | -142.34M | 412.44M | 408.44M | -96.20M | -219.97M |
| Impairment of Goodwill | -124.06M | -124.06M | -7.39M | |||
| Gain (Loss) on Sale of Investments | 48.94M | 18.45M | 9.23M | 4.89M | ||
| Asset Writedown | -2.65M | |||||
| Other Unusual Items | 8.11M | |||||
| Pretax Income | -266.40M | -266.40M | 469.49M | 416.86M | -86.97M | -215.08M |
| Income Tax Expense | -11.46M | -11.46M | 112.92M | 31.33M | 21.68M | 18.35M |
| Earnings From Continuing Operations | -254.94M | -254.94M | 356.57M | 385.53M | -108.65M | -233.43M |
| Earnings From Discontinued Operations | 318.45M | 318.45M | ||||
| Net Income to Company | 63.52M | 63.52M | 356.57M | 385.53M | -108.65M | -233.43M |
| Minority Interest in Earnings | -1.08M | -1.08M | 2.16M | 115.00K | ||
| Net Income | 62.43M | 62.43M | 358.73M | 385.53M | -108.54M | -233.43M |
| Preferred Dividends & Other Adjustments | 22.38M | 25.64M | ||||
| Net Income to Common | 62.43M | 62.43M | 358.73M | 385.53M | -130.92M | -259.07M |
| Shares Outstanding (Basic) | 53.80M | 53.80M | 53.76M | 55.00M | 34.65M | 16.42M |
| Shares Outstanding (Diluted) | 53.80M | 53.80M | 55.07M | 56.68M | 34.65M | 16.42M |
| EPS (Basic) | 1.16 | 1.16 | 6.67 | 7.01 | -3.78 | -15.77 |
| EPS (Diluted) | 1.15 | 1.15 | 6.51 | 6.81 | -3.78 | -15.78 |
| Free Cash Flow | 180.79M | 279.08M | 229.87M | 268.08M | ||
| Free Cash Flow Per Share | 3.28 | 4.92 | 6.63 | 16.32 | ||
| Gross Margin | 33.05% | 33.05% | 81.52% | 85.50% | 87.30% | 85.75% |
| Operating Margin | -28.54% | -28.54% | 14.56% | 10.21% | -3.69% | -8.21% |
| Profit Margin | 10.46% | 10.46% | 13.16% | 10.16% | -4.25% | -9.03% |
| Free Cash Flow Margin | 6.63% | 7.35% | 7.46% | 9.35% | ||
| EBITDA | -161.78M | -161.78M | 405.45M | 392.43M | -109.89M | -224.78M |
| EBITDA Margin | -27.11% | -27.11% | 14.88% | 10.34% | -3.57% | -7.84% |
| D&A For EBITDA | 8.55M | 8.55M | 8.55M | 5.01M | 3.71M | 10.60M |
| EBIT | -170.33M | -170.33M | 396.90M | 387.41M | -113.61M | -235.38M |
| EBIT Margin | -28.54% | -28.54% | 14.56% | 10.21% | -3.69% | -8.21% |
| Effective Tax Rate | 24.05% | 7.51% |
Balance sheet
Fiscal year July - June; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 431.06M | 431.06M | 830.16M | 779.93M | 764.28M | 266.43M |
| Short-Term Investments | 178.22M | 178.22M | 210.05M | 251.30M | 169.80M | 137.42M |
| Cash & Short-Term Investments | 609.28M | 609.28M | 1.04B | 1.03B | 934.08M | 403.85M |
| Accounts Receivable | 43.09M | 43.09M | 47.47M | 21.16M | 41.37M | 24.95M |
| Other Receivables | 101.50M | 164.57M | 22.53M | 11.46M | ||
| Receivables | 43.09M | 43.09M | 148.97M | 185.74M | 63.90M | 58.79M |
| Inventory | 134.74M | 134.74M | 27.99M | 7.32M | 13.54M | |
| Prepaid Expenses | 53.46M | 88.28M | 91.11M | 100.41M | ||
| Restricted Cash | 1.04M | 1.04M | 21.07M | 160.00K | ||
| Other Current Assets | 124.02M | 124.02M | 21.05M | 16.61M | 5.99M | 901.00K |
| Total Current Assets | 912.18M | 912.18M | 1.31B | 1.33B | 1.11B | 563.95M |
| Property, Plant & Equipment | 57.80M | 57.80M | 31.19M | 65.46M | 91.42M | 29.09M |
| Long-Term Investments | 20.36M | 20.36M | 59.07M | 9.01M | ||
| Goodwill | 63.54M | 63.54M | 187.60M | |||
| Other Intangible Assets | 61.23M | 61.23M | 65.94M | |||
| Long-Term Deferred Tax Assets | 847.00K | 2.08M | ||||
| Other Long-Term Assets | 21.72M | 21.72M | 4.98M | 21.36M | 21.30M | 10.43M |
| Total Assets | 1.14B | 1.14B | 1.66B | 1.43B | 1.22B | 603.47M |
| Accounts Payable | 53.71M | 53.71M | 48.69M | 62.07M | 62.09M | 45.18M |
| Accrued Expenses | 49.45M | 49.45M | 125.33M | 169.73M | 170.24M | 107.65M |
| Short-Term Debt | 11.10M | |||||
| Current Portion of Leases | 18.53M | 18.53M | 16.43M | 49.10M | 41.09M | 16.33M |
| Current Income Taxes Payable | 5.43M | 5.43M | 31.44M | 20.40M | 8.79M | 7.30M |
| Current Unearned Revenue | 7.11M | 7.11M | 238.09M | 385.23M | 517.21M | 384.73M |
| Other Current Liabilities | 17.64M | 17.64M | 142.93M | 183.03M | 145.32M | 152.03M |
| Total Current Liabilities | 151.86M | 151.86M | 614.01M | 869.56M | 944.75M | 713.22M |
| Long-Term Leases | 16.25M | 16.25M | 7.02M | 16.99M | 52.84M | 6.57M |
| Long-Term Unearned Revenue | 35.48M | 11.37M | 7.00K | 8.87M | ||
| Long-Term Deferred Tax Liabilities | 118.63M | 118.63M | 72.04M | 11.62M | ||
| Total Liabilities | 286.74M | 286.74M | 728.56M | 909.53M | 997.60M | 728.65M |
| Common Stock | 115.00K | 115.00K | 115.00K | 115.00K | 112.00K | 32.00K |
| Additional Paid-In Capital | 900.67M | 900.67M | 1.07B | 1.19B | 1.17B | 69.93M |
| Retained Earnings | -163.00M | -163.00M | -225.43M | -584.16M | -969.69M | -861.15M |
| Treasury Stock | -121.02M | -121.02M | -49.05M | -109.26M | ||
| Comprehensive Income & Other | 11.95M | 11.95M | 16.51M | 17.31M | 22.18M | 1.84M |
| Total Common Equity | 628.72M | 628.72M | 809.00M | 516.48M | 223.70M | -789.35M |
| Minority Interest | 221.37M | 221.37M | 123.97M | 2.13M | ||
| Shareholders' Equity | 850.09M | 850.09M | 932.96M | 516.48M | 225.83M | -125.19M |
| Total Liabilities & Equity | 1.14B | 1.14B | 1.66B | 1.43B | 1.22B | 603.47M |
| Total Debt | 34.78M | 34.78M | 34.54M | 66.09M | 93.93M | 22.90M |
| Net Cash (Debt) | 574.50M | 574.50M | 1.01B | 965.14M | 840.15M | 380.95M |
| Net Cash Per Share | 10.68 | 10.68 | 18.26 | 17.03 | 24.25 | 23.20 |
| Filing Date Shares Outstanding | 52.78M | 52.78M | 54.38M | 51.11M | 56.48M | 18.21M |
| Total Common Shares Outstanding | 52.78M | 52.78M | 54.66M | 51.21M | 55.21M | 18.21M |
| Working Capital | 760.32M | 760.32M | 698.74M | 459.79M | 163.88M | -149.27M |
| Book Value Per Share | 11.91 | 11.91 | 14.80 | 10.09 | 4.05 | -43.34 |
| Tangible Book Value | 503.95M | 503.95M | 555.46M | 516.48M | 223.70M | -789.35M |
| Tangible Book Value Per Share | 9.55 | 9.55 | 10.16 | 10.09 | 4.05 | -43.34 |
| Machinery | 17.43M | 7.32M | 6.35M | 4.77M | ||
| Leasehold Improvements | 7.79M | 8.03M | 5.42M | 5.89M |
Cash flow statement
Fiscal year July - June; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 358.73M | 385.53M | -108.54M | -233.43M | ||
| Depreciation & Amortization | 8.55M | 5.01M | 3.71M | 10.60M | ||
| Loss (Gain) From Sale of Assets | 379.00K | 10.00K | 124.00K | |||
| Asset Writedown & Restructuring Costs | 10.04M | |||||
| Loss (Gain) From Sale of Investments | -57.05M | -18.45M | -9.23M | -4.89M | ||
| Loss (Gain) on Equity Investments | -1.39M | -2.00K | ||||
| Stock-Based Compensation | 20.50M | 27.76M | 191.63M | 291.43M | ||
| Provision & Write-off of Bad Debts | 1.25M | -48.00K | -46.00K | -239.00K | ||
| Other Operating Activities | 56.52M | 12.86M | -2.20M | -1.45M | ||
| Change in Accounts Receivable | -6.43M | -4.38M | -10.27M | 55.35M | ||
| Change in Inventory | -11.85M | -6.34M | ||||
| Change in Accounts Payable | -26.56M | -28.00K | 16.92M | 2.63M | ||
| Change in Unearned Revenue | -123.02M | -124.60M | 123.62M | 99.51M | ||
| Change in Income Taxes | 11.04M | 11.61M | 1.50M | 5.04M | ||
| Change in Other Net Operating Assets | -46.79M | -16.24M | 28.53M | 47.96M | ||
| Operating Cash Flow | 183.89M | 282.72M | 235.62M | 272.64M | ||
| Capital Expenditures | -3.10M | -3.64M | -5.76M | -4.56M | ||
| Sale of Property, Plant & Equipment | 4.00K | |||||
| Cash Acquisitions | -141.82M | -2.00M | ||||
| Divestitures | 2.00M | 14.13M | ||||
| Sale (Purchase) of Intangibles | -65.00K | |||||
| Investment in Securities | 118.73M | -143.16M | -27.62M | -103.00M | ||
| Other Investing Activities | 19.84M | 16.00M | 31.58M | -15.15M | ||
| Investing Cash Flow | -6.42M | -132.78M | 201.00K | -108.58M | ||
| Short-Term Debt Issued | 122.83M | |||||
| Total Debt Issued | 122.83M | |||||
| Short-Term Debt Repaid | -3.40M | -146.18M | ||||
| Total Debt Repaid | -3.40M | -146.18M | ||||
| Net Debt Issued (Repaid) | -3.40M | -23.35M | ||||
| Issuance of Common Stock | 7.70M | 2.47M | 261.36M | 94.98M | ||
| Repurchase of Common Stock | -25.77M | -130.41M | ||||
| Common Dividends Paid | -78.11M | |||||
| Other Financing Activities | -6.04M | -2.25M | -13.67M | |||
| Financing Cash Flow | -105.63M | -130.19M | 247.70M | 71.63M | ||
| Foreign Exchange Rate Adjustments | -707.00K | -3.93M | 14.34M | 5.64M | ||
| Net Cash Flow | 71.13M | 15.81M | 497.85M | 241.33M | ||
| Free Cash Flow | 180.79M | 279.08M | 229.87M | 268.08M | ||
| Free Cash Flow Margin | 6.63% | 7.35% | 7.46% | 9.35% | ||
| Free Cash Flow Per Share | 3.28 | 4.92 | 6.63 | 16.32 | ||
| Levered Free Cash Flow | 65.56M | 64.49M | 310.91M | 333.51M | ||
| Unlevered Free Cash Flow | 65.56M | 64.49M | 310.91M | 333.51M | ||
| Cash Interest Paid | 47.00K | |||||
| Cash Income Tax Paid | 57.61M | 6.86M | 22.27M | 14.76M | ||
| Change in Working Capital | -203.60M | -139.99M | 160.29M | 210.49M |
Ratios
Fiscal year July - June; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 79.95M | 106.05M | 483.02M | 93.20M | 465.94M | |
| Enterprise Value | -4.63M | 46.39M | 351.89M | -55.59M | 356.53M | |
| Last Close Price | 1.47 | 1.95 | 9.45 | 1.56 | 7.99 | |
| PE Ratio | 8.69 | 11.54 | 9.65 | 1.76 | ||
| Forward PE | 244.60 | 13.56 | 28.72 | 7.61 | ||
| PS Ratio | 0.91 | 1.21 | 1.27 | 0.18 | 1.10 | |
| PB Ratio | 0.84 | 0.85 | 3.71 | 1.31 | 14.96 | |
| P/TBV Ratio | 1.08 | 1.43 | 6.23 | 1.31 | 15.11 | |
| P/FCF Ratio | 19.14 | 2.43 | 14.70 | |||
| P/OCF Ratio | 18.82 | 2.40 | 14.34 | |||
| EV/Sales Ratio | 0.53 | 0.93 | 0.84 | |||
| EV/EBITDA Ratio | 6.22 | |||||
| EV/EBIT Ratio | 6.35 | |||||
| EV/FCF Ratio | 13.94 | 11.25 | ||||
| Debt / Equity Ratio | 0.04 | 0.04 | 0.04 | 0.13 | 0.42 | -0.18 |
| Debt / EBITDA Ratio | 0.08 | 0.15 | ||||
| Debt / FCF Ratio | 0.19 | 0.24 | 0.41 | 0.09 | ||
| Net Debt / Equity Ratio | -0.68 | -0.68 | -1.08 | -1.87 | -3.72 | 3.04 |
| Net Debt / EBITDA Ratio | 3.55 | 3.55 | -2.48 | -2.46 | 7.64 | 1.70 |
| Net Debt / FCF Ratio | -5.56 | -3.46 | -3.65 | -1.42 | ||
| Asset Turnover | 0.43 | 0.43 | 1.77 | 2.87 | 3.37 | 6.14 |
| Inventory Turnover | 4.91 | 4.91 | 28.53 | 52.76 | ||
| Quick Ratio | 4.30 | 4.30 | 1.94 | 1.40 | 1.06 | 0.62 |
| Current Ratio | 6.01 | 6.01 | 2.14 | 1.53 | 1.17 | 0.79 |
| Return on Equity (ROE) | -28.59% | -28.59% | 49.20% | 103.87% | -215.91% | |
| Return on Assets (ROA) | -7.61% | -7.61% | 16.07% | 18.28% | -7.77% | -31.51% |
| Return on Invested Capital (ROIC) | -51.28% | -61.81% | ||||
| Return on Capital Employed (ROCE) | -17.30% | -17.30% | 37.90% | 69.60% | -40.80% | 214.50% |
| Earnings Yield | 11.51% | 8.67% | 10.37% | 56.92% | -3.21% | |
| FCF Yield | -30.54% | 5.22% | 41.21% | 6.80% | ||
| Payout Ratio | 21.77% | |||||
| Buyback Yield / Dilution | 2.30% | 2.30% | 2.85% | -63.59% | -110.97% | -19.57% |