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Sincere Company Limited (Hong Kong SAR, China)

Main Activities: General Merchandise Stores | Department Stores
Secondary Activities: Securities and Commodity Exchanges | Real Estate | Advertising, Public Relations, and Related Services | Travel Arrangement and Reservation Services
Full name: Sincere Company Limited Profile Updated: March 11, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English & Chinese Download a sample report

Sincere Company Limited is a well-established department store located in Hong Kong. Founded in 1900, it is one of the oldest and most renowned department stores in the city. In the 1930s and 1940s, it was even considered one of the top four department stores in Shanghai. The company primarily focuses on retail business and follows the principle of "Sincere Company with Sincerity." They source fashionable and high-quality products from around the world, including trendy clothing, bags and shoes, outdoor sports equipment, beauty products, household items, appliances, bedding, bathroom supplies, travel goods, and food. Sincere Company Limited currently operates four branches in Central, Mong Kok, Sham Shui Po, and Tsuen Wan, with the Mong Kok store covering an area of approximately 40,000 square feet. In 2012, they collaborated with Watsons Group to open the first department store and supermarket hybrid concept store, SU-PA-DE-PA, in Yau Tong. Apart from retail business, the company also diversifies into property investment, property development, and securities trading. Sincere Company Limited has been listed on the Hong Kong Stock Exchange since 1972 and, as of August 2015, reported assets worth nearly 300 million Hong Kong dollars and employed over 350 staff members. The department store is a qualified member of the "Quality Tourism Services Association" and has been certified for "Quality Tourism Services" for 18 consecutive years. They adhere to transparent pricing and provide clear information about their products. Additionally, Sincere Company Limited achieved first place in the department store category in the "Mystery Shopper Program" organized by the Hong Kong Retail Management Association for the October to December 2018 quarter, establishing themselves as a service leader in the department store category. Sincere Company Limited will continue to provide quality service and products to the people of Hong Kong and visitors to the city.

Headquarters
24th Floor, Leighton Centre, 77 Leighton Road, Hong Kong
Hong Kong; Hong Kong;

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Website: http://www.sincere.com.hk

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
January 01, 1909
Key Executives
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Chairman
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Chief Executive Officer
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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75%
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Subsidiaries
Ottoway Limited
100%
Right View Limited
100%
Silveroute Limited
100%
Company Performance
Financial values in the chart are available after Sincere Company Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency HKD. Absolute financial data is included in the purchased report.
Net sales revenue
7.64%
Total operating revenue
7.79%
Operating profit (EBIT)
40.48%
EBITDA
-23.99%
Net Profit (Loss) for the Period
51.85%
Total assets
-28.22%
Total equity
-22.85%
Operating Profit Margin (ROS)
16.69%
Net Profit Margin
31.58%
Return on Equity (ROE)
7.34%
Debt to Equity Ratio
20.18%
Quick Ratio
-0.28%
Cash Ratio
-0.34%

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