Fulu Holdings Limited (HKG:2101)

Fulu Holdings Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	286.2	330.96	359.79	560.41	479.86	399.28
Revenue Growth	-13.53%	-8.01%	-35.80%	16.79%	20.18%	21.65%
Gross Profit Gross Profit Growth	234.25	258.79	254.22	416.18	359.24	295.24
Operating Income Operating Income Growth	38.84	36.7	16.22	64.53	45.11	32.93
Net Income Net Income Growth	20.23	27.3	20.16	91.61	97.88	68.22
Earnings Per Share EPS Growth	0.05	0.07	0.05	0.23	0.24	0.17
EPS Growth	-25.94%	36.11%	-78.03%	-5.58%	41.18%	-53.71%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Leisure and Entertainment Leisure and Entertainment Growth	83.56	104.86	116.3	250.97	267.44	215.69
Games Games Growth	43.21	48.33	64.71	78.01	70.24	61.55
Telecommunications Telecommunications Growth	0.83	1.66	5.18	17.24	29.76	81.24
Lifestyle Lifestyle Growth	132.63	136.46	88.04	121.56	56.3	40.81
Corporate Welfare Corporate Welfare Growth	25.97	39.66	85.56	92.63	56.13	-
Total Total Growth	286.2	330.96	359.79	560.41	479.86	399.28

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	423.09	372.82	402.28	159.9	176.45	226.45
Total Debt Total Debt Growth	4.34	17.04	176.55	151.46	54.21	18.7
Net Cash (Debt) Net Cash Growth	418.75	355.78	225.73	8.44	122.24	207.75
Net Cash Growth	17.70%	57.61%	2576.14%	-93.10%	-41.16%	-34.89%
Net Cash Per Share Net Cash Per Share Growth	1.04	0.88	0.56	0.02	0.30	0.52

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	205.2	241.24	205	-49.9	22.48	-123.87
Capital Expenditures CapEx Growth	-1.15	-2.38	-1.08	-3.85	-2.92	-2.74
Free Cash Flow Free Cash Flow Growth	204.05	238.86	203.92	-53.75	19.56	-126.6
Free Cash Flow Growth	-14.57%	17.13%	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	81.85%	78.19%	70.66%	74.26%	74.86%	73.94%
Operating Margin	13.57%	11.09%	4.51%	11.52%	9.40%	8.25%
Pretax Margin	16.12%	12.82%	7.23%	17.02%	17.98%	18.83%
Profit Margin	7.07%	8.25%	5.60%	16.35%	20.40%	17.09%
FCF Margin	71.30%	72.17%	56.68%	-9.59%	4.08%	-31.71%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.342	-	-	-	0.103	0.143
Dividend Per Share Growth	0%	-	-	-	-28.44%	-46.79%
Dividend Yield	28.98%	-	-	-	2.11%	2.35%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	20.37	17.37	36.37	11.13	20.20	36.03
Forward PE	-	10.04	10.04	10.04	10.04	10.04
P/FCF Ratio	2.03	1.99	3.60	-	101.09	-
PS Ratio	1.45	1.43	2.04	1.82	4.12	6.16

Data Source: S&P Global Market Intelligence Last updated: Aug 27, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Nov 2, 2026

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