NASDAQ : STFS
Star Fashion Culture Holdings Limited — Financial statements
Communication Services · Advertising Agencies · China
Last price 4.68 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 71.11M
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Financial statements
Star Fashion Culture Holdings Limited (STFS) reported revenue of 210.19M 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 | 210.19M | 210.19M | 120.79M | 108.81M | 69.04M | 35.37M |
| Cost of Revenue | 194.08M | 194.08M | 113.93M | 91.81M | 49.53M | 26.44M |
| Gross Profit | 16.11M | 16.11M | 6.86M | 16.99M | 19.51M | 8.93M |
| Selling, General & Admin | 48.36M | 48.36M | 136.58M | 2.94M | 8.86M | 6.13M |
| Amortization of Goodwill & Intangibles | 1.86M | 1.86M | ||||
| Operating Expenses | 50.23M | 50.23M | 136.58M | 2.94M | 8.86M | 6.13M |
| Operating Income | -34.12M | -34.12M | -129.72M | 14.06M | 10.66M | 2.80M |
| Interest Expense | -567.88K | -567.88K | -225.23K | -450.34K | -438.00K | |
| Interest & Investment Income | 110.39K | |||||
| Other Non Operating Income (Expenses) | 6.22M | 6.22M | 1.04K | 1.11M | 235.76K | 230.79K |
| Pretax Income | -28.47M | -28.47M | -129.61M | 14.95M | 10.44M | 2.59M |
| Income Tax Expense | 273.35K | 273.35K | 1.22M | 3.74M | 2.62M | 107.11K |
| Net Income | -28.75M | -28.75M | -130.83M | 11.21M | 7.82M | 2.49M |
| Net Income to Common | -28.75M | -28.75M | -130.83M | 11.21M | 7.82M | 2.49M |
| Shares Outstanding (Basic) | 999.33K | 999.33K | 348.75K | 250.00K | 250.00K | 250.00K |
| Shares Outstanding (Diluted) | 999.33K | 999.33K | 348.75K | 250.00K | 250.00K | 250.00K |
| EPS (Basic) | -28.76 | -28.76 | -375.14 | 44.84 | 31.27 | 9.95 |
| EPS (Diluted) | -28.76 | -28.76 | -375.14 | 44.84 | 31.27 | 9.95 |
| Gross Margin | 7.66% | 7.66% | 5.68% | 15.62% | 28.26% | 25.26% |
| Operating Margin | -16.23% | -16.23% | -107.39% | 12.92% | 15.43% | 7.92% |
| Profit Margin | -13.68% | -13.68% | -108.31% | 10.30% | 11.32% | 7.03% |
| EBITDA | -23.11M | -23.11M | 10.66M | 2.80M | ||
| EBITDA Margin | -11.00% | -11.00% | 15.44% | 7.93% | ||
| D&A For EBITDA | 11.01M | 11.01M | 2.97K | 2.97K | ||
| EBIT | -34.12M | -34.12M | -129.72M | 14.06M | 10.66M | 2.80M |
| EBIT Margin | -16.23% | -16.23% | -107.39% | 12.92% | 15.43% | 7.92% |
| Effective Tax Rate | 25.00% | 25.12% | 4.13% | |||
| Advertising Expenses | 4.03M |
Balance sheet
Fiscal year July - June; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 471.23K | 471.23K | 468.73K | 1.25M | 48.53K | 39.96K |
| Cash & Short-Term Investments | 471.23K | 471.23K | 468.73K | 1.25M | 48.53K | 39.96K |
| Accounts Receivable | 61.18M | 61.18M | 43.78M | 41.47M | 15.46M | 6.32M |
| Other Receivables | 24.30K | |||||
| Receivables | 61.18M | 61.18M | 43.78M | 41.49M | 15.46M | 6.32M |
| Prepaid Expenses | 6.92K | 66.05K | ||||
| Other Current Assets | 47.63M | 47.63M | 43.09M | 15.92M | 24.24M | 19.34M |
| Total Current Assets | 109.28M | 109.28M | 87.34M | 58.66M | 39.76M | 25.77M |
| Property, Plant & Equipment | 728.88K | 1.19M | ||||
| Other Intangible Assets | 24.68M | 24.68M | ||||
| Long-Term Deferred Tax Assets | 1.22M | 1.30M | ||||
| Total Assets | 133.96M | 133.96M | 87.34M | 59.88M | 41.79M | 26.96M |
| Accounts Payable | 12.96M | 12.96M | 17.15M | 18.15M | 17.18M | 14.35M |
| Accrued Expenses | 3.23M | 3.23M | 3.04M | 1.07M | 1.08M | 2.59M |
| Short-Term Debt | 3.94M | 3.94M | 5.41M | 5.35M | 38.00M | 10.05M |
| Current Portion of Leases | 480.81K | 461.07K | ||||
| Current Income Taxes Payable | 7.86M | 7.86M | 7.62M | 7.64M | 4.01M | 99.42K |
| Current Unearned Revenue | 3.47M | 3.47M | 2.38M | 2.12M | 896.23K | 26.51M |
| Other Current Liabilities | 1.79M | 1.79M | 5.83M | 3.12M | 188.03K | 275.71K |
| Total Current Liabilities | 33.26M | 33.26M | 41.42M | 37.45M | 61.82M | 54.32M |
| Long-Term Leases | 248.07K | 728.88K | ||||
| Total Liabilities | 33.26M | 33.26M | 41.42M | 37.45M | 62.07M | 55.05M |
| Common Stock | 3.25K | 3.25K | 1.00K | 725.00 | 725.00 | 725.00 |
| Additional Paid-In Capital | 269.35M | 269.35M | 185.82M | 31.50M | ||
| Retained Earnings | -168.65M | -168.65M | -139.90M | -9.07M | -20.28M | -28.10M |
| Comprehensive Income & Other | -725.00 | -725.00 | -725.00 | -725.00 | -725.00 | -725.00 |
| Shareholders' Equity | 100.70M | 100.70M | 45.92M | 22.43M | -20.28M | -28.10M |
| Total Liabilities & Equity | 133.96M | 133.96M | 87.34M | 59.88M | 41.79M | 26.96M |
| Total Debt | 3.94M | 3.94M | 5.41M | 5.35M | 38.73M | 11.24M |
| Net Cash (Debt) | -3.47M | -3.47M | -4.94M | -4.09M | -38.68M | -11.20M |
| Net Cash Per Share | -3.47 | -3.47 | -14.16 | -16.38 | -154.71 | -44.78 |
| Filing Date Shares Outstanding | 15.19M | 15.19M | 348.75K | 250.00K | 250.00K | 250.00K |
| Total Common Shares Outstanding | 1.19M | 1.19M | 348.75K | 250.00K | 250.00K | 250.00K |
| Working Capital | 76.02M | 76.02M | 45.92M | 21.21M | -22.06M | -28.56M |
| Book Value Per Share | 84.36 | 84.36 | 131.67 | 89.72 | -81.12 | -112.39 |
| Tangible Book Value | 76.02M | 76.02M | 45.92M | 22.43M | -20.28M | -28.10M |
| Tangible Book Value Per Share | 63.68 | 63.68 | 131.67 | 89.72 | -81.12 | -112.39 |
Cash flow statement
Fiscal year July - June; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -28.75M | -28.75M | -130.83M | 11.21M | 7.82M | 2.49M |
| Depreciation & Amortization | 11.01M | 11.01M | 118.32K | 461.07K | 445.11K | |
| Stock-Based Compensation | 20.57M | 20.57M | 119.60M | |||
| Provision & Write-off of Bad Debts | 7.95M | 7.95M | 9.13M | -344.33K | 5.22M | 2.85M |
| Other Operating Activities | 1.22M | 86.08K | -1.30M | |||
| Change in Accounts Receivable | -25.36M | -25.36M | -11.44M | -26.01M | -9.14M | 4.65M |
| Change in Inventory | -20.23M | -20.23M | -17.87M | 16.50M | -10.12M | -19.57M |
| Change in Accounts Payable | -4.18M | -4.18M | -1.01M | 977.69K | 2.83M | -7.36M |
| Change in Unearned Revenue | 1.09M | 1.09M | 263.49K | 1.22M | -25.61M | 24.19M |
| Change in Income Taxes | 243.73K | 243.73K | -21.79K | 3.63M | 3.91M | -183.16K |
| Change in Other Net Operating Assets | 10.90M | 10.90M | 2.56M | -158.18K | -3.67M | -7.25M |
| Operating Cash Flow | -26.75M | -26.75M | -28.40M | 7.23M | -29.61M | 257.96K |
| Sale (Purchase) of Intangibles | -35.69M | -35.69M | ||||
| Investment in Securities | -14.35M | |||||
| Investing Cash Flow | -35.69M | -35.69M | -14.35M | |||
| Short-Term Debt Issued | 4.00M | 4.00M | 4.55M | 5.00M | 37.60M | 8.00M |
| Total Debt Issued | 4.00M | 4.00M | 4.55M | 5.00M | 37.60M | 8.00M |
| Short-Term Debt Repaid | -4.52M | -4.52M | -4.97M | -37.52M | -7.98M | -8.40M |
| Total Debt Repaid | -4.52M | -4.52M | -4.97M | -37.52M | -7.98M | -8.40M |
| Net Debt Issued (Repaid) | -517.00K | -517.00K | -423.00K | -32.52M | 29.62M | -400.00K |
| Issuance of Common Stock | 63.29M | 63.29M | 47.37M | 31.50M | ||
| Other Financing Activities | -336.26K | -336.26K | -4.98M | -5.01M | ||
| Financing Cash Flow | 62.44M | 62.44M | 41.97M | -6.03M | 29.62M | -400.00K |
| Net Cash Flow | 2.50K | 2.50K | -784.06K | 1.20M | 8.56K | -142.04K |
| Levered Free Cash Flow | -54.42M | -54.42M | 12.97M | -179.30K | -27.62M | |
| Unlevered Free Cash Flow | -54.07M | -54.07M | 12.97M | -38.53K | -27.34M | |
| Cash Interest Paid | 164.29K | 164.29K | 206.78K | 198.75K | 447.95K | 435.66K |
| Cash Income Tax Paid | 29.62K | 29.62K | 25.99K | 16.08K | 14.12K | 7.69K |
| Change in Working Capital | -37.54M | -37.54M | -27.51M | -3.84M | -41.80M | -5.52M |
Ratios
Fiscal year July - June; amounts in CNY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 74.15M | 19.10M | 13.00M | |||
| Enterprise Value | 74.66M | 19.56M | 7.10M | |||
| Last Close Price | 4.88 | 16.00 | 42.80 | |||
| PS Ratio | 2.40 | 0.62 | 0.77 | |||
| PB Ratio | 0.39 | 1.29 | 2.03 | |||
| P/TBV Ratio | 6.62 | 1.71 | 2.03 | |||
| EV/Sales Ratio | 2.41 | 0.63 | 0.42 | |||
| Debt / Equity Ratio | 0.04 | 0.04 | 0.12 | 0.24 | -1.91 | -0.40 |
| Debt / EBITDA Ratio | 0.38 | 3.47 | 3.40 | |||
| Net Debt / Equity Ratio | 0.03 | 0.03 | 0.11 | 0.18 | -1.91 | -0.40 |
| Net Debt / EBITDA Ratio | -0.15 | -0.15 | 3.63 | 3.99 | ||
| Asset Turnover | 1.90 | 1.90 | 1.64 | 2.14 | 2.01 | |
| Quick Ratio | 1.85 | 1.85 | 1.07 | 1.14 | 0.25 | 0.12 |
| Current Ratio | 3.29 | 3.29 | 2.11 | 1.57 | 0.64 | 0.47 |
| Return on Equity (ROE) | -39.21% | -39.21% | -382.82% | 1,042.07% | ||
| Return on Assets (ROA) | -19.27% | -19.27% | -110.14% | 17.28% | 19.37% | |
| Return on Invested Capital (ROIC) | -32.76% | -44.02% | -335.27% | 324.67% | ||
| Return on Capital Employed (ROCE) | -33.90% | -33.90% | -282.50% | 62.70% | -53.20% | -10.20% |
| Earnings Yield | -86.77% | -22.16% | -140.48% | |||
| Buyback Yield / Dilution | -186.55% | -186.55% | -39.50% |