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Here Group Limited designs and sells pop toys in China. It offers collectible pop toys, such as plush toys and figures under HERE brand. The company was formerly known as QuantaSing Group Limited and change its name to Here Group Limited in November 2025. Here Group Limited was founded in 2019 and is headquartered in Beijing, the People's Republic of China.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Here Group Limited operates a global mapping and location-data platform that provides maps, real-time traffic and location services to automakers, enterprises and developers. Long-term growth could be supported by rising demand for advanced driver assistance and autonomous-driving data, expansion of cloud-based location services for logistics and e-commerce, and recurring platform subscriptions, and investors should monitor its proprietary map content and large OEM and enterprise contracts.
Principal risks include intense competition from large tech firms and rival map vendors, high ongoing costs to collect and update map data, customer concentration in the automotive sector, and regulatory and privacy challenges that may constrain monetization.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Income before tax | 469.49M | 416.86M | -86.97M | -215.08M | -315.00M |
| Minority interest | - | 0.00M | 0.12M | 0.00M | 0.00M |
| Net income | 358.73M | 385.53M | -108.54M | -233.43M | -316.04M |
| Selling general administrative | 115.17M | 125.77M | 175.25M | 166.65M | 100.34M |
| Selling and marketing expenses | 1611.26M | 2586.98M | 2408.46M | 2254.46M | 1694.94M |
| Gross profit | 2221.86M | 3245.02M | 2689.88M | 2459.22M | 1581.01M |
| Reconciled depreciation | - | 5.01M | 3.71M | 10.60M | 7.42M |
| Ebit | 469.49M | 387.41M | -86.97M | -215.08M | -315.00M |
| Ebitda | 478.04M | 392.43M | -83.25M | -204.48M | -307.58M |
| Depreciation and amortization | 8.55M | 5.01M | 3.71M | 10.60M | 7.42M |
| Operating income | 396.90M | 377.37M | -113.61M | -235.38M | -330.53M |
| Other operating expenses | 2328.69M | 3417.96M | 3194.99M | 3103.35M | 2090.47M |
| Tax provision | - | 31.33M | 21.68M | 18.35M | 1.04M |
| Interest income | - | 10.52M | 5.33M | 0.39M | 0.44M |
| Net interest income | - | 10.52M | 5.33M | 0.39M | 0.44M |
| Income tax expense | 112.92M | 31.33M | 21.68M | 18.35M | 1.04M |
| Total revenue | 2725.59M | 3795.33M | 3081.38M | 2867.97M | 1759.94M |
| Total operating expenses | 1824.96M | 2867.65M | 2803.49M | 2694.59M | 1911.55M |
| Cost of revenue | 503.73M | 550.31M | 391.50M | 408.76M | 178.93M |
| Total other income expense net | 72.59M | 39.48M | 26.64M | 20.30M | 15.53M |
| Net income from continuing ops | - | 385.53M | -108.65M | -233.43M | -316.04M |
| Breakdown | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Total assets | 1661.52M | 1426.02M | 1223.43M | 603.47M | 330.23M |
| Intangible assets | 9.20M | - | - | - | 33.33M |
| Other current assets | 223.76M | 111.14M | 114.15M | 106.10M | 105.11M |
| Total liab | 728.56M | 909.53M | 997.60M | 1392.81M | 609.73M |
| Total stockholder equity | 809.00M | 516.48M | 223.70M | -125.19M | -279.51M |
| Other current liab | 579.69M | 162.55M | 146.86M | 96.00M | 87.28M |
| Common stock | 0.02M | 0.12M | 0.11M | 0.03M | - |
| Capital stock | - | 0.12M | 0.11M | 0.03M | 0.00M |
| Retained earnings | -31.46M | -584.16M | -969.69M | -861.15M | 0.00M |
| Good will | 26.18M | - | - | - | - |
| Cash | 830.16M | 779.93M | 764.28M | 266.43M | 25.10M |
| Total current liabilities | 614.01M | 869.56M | 944.75M | 713.22M | 573.26M |
| Current deferred revenue | - | 547.48M | 661.61M | 535.82M | 400.93M |
| Net debt | -795.62M | -713.84M | -670.35M | -243.53M | -16.03M |
| Short term debt | 27.53M | 55.86M | 46.75M | 18.77M | 8.23M |
| Short long term debt total | 34.54M | 66.09M | 93.93M | 22.90M | 9.07M |
| Other stockholder equity | 142.04M | 1083.22M | 1171.09M | 69.93M | -279.51M |
| Total current assets | 1312.75M | 1329.34M | 1108.63M | 563.95M | 274.89M |
| Long term investments | - | 9.01M | 0.00M | - | - |
| Short term investments | 210.05M | 246.19M | 166.30M | 132.63M | 29.63M |
| Net receivables | 20.79M | 185.74M | 63.90M | 58.79M | 115.05M |
| Inventory | 27.99M | 6.34M | 0.00M | - | - |
| Accounts payable | 6.80M | 62.07M | 62.09M | 45.18M | 74.46M |
| Accumulated other comprehensive income | 2.30M | 17.31M | 22.18M | 1.84M | -279.51M |
| Non currrent assets other | 223.13M | 21.36M | 21.30M | 10.43M | 7.91M |
| Non current assets total | 348.77M | 96.67M | 114.80M | 39.52M | 55.34M |
| Capital lease obligations | - | 66.09M | 93.93M | 22.90M | 9.07M |
| Breakdown | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Investments | - | -132.78M | 0.20M | -108.58M | -62.35M |
| Total cashflows from investing activities | -4.65M | -132.78M | 0.20M | -108.58M | -62.35M |
| Net borrowings | - | 0.00M | 0.00M | -23.35M | 15.95M |
| Total cash from financing activities | -13.65M | -130.19M | 247.70M | 71.63M | -21.09M |
| Net income | 358.73M | 385.53M | -108.65M | -233.43M | -316.04M |
| Change in cash | 11.43M | 15.81M | 497.85M | 241.33M | -4.02M |
| Begin period cash flow | 107.36M | 764.28M | 266.43M | 25.10M | 29.12M |
| End period cash flow | 118.79M | 780.09M | 764.28M | 266.43M | 25.10M |
| Total cash from operating activities | 28.25M | 282.72M | 235.62M | 272.64M | 79.42M |
| Issuance of capital stock | - | 0.00M | 245.45M | 0.00M | 0.00M |
| Depreciation | 8.55M | 5.01M | 3.71M | 10.60M | 7.42M |
| Other cashflows from investing activities | 140.27M | 0.00M | 22.39M | -15.15M | -27.53M |
| Dividends paid | 10.82M | - | - | - | 37.04M |
| Change to inventory | -1.64M | -6.34M | 0.00M | 0.00M | - |
| Change to account receivables | -0.42M | 20.25M | -16.38M | 32.15M | -98.89M |
| Sale purchase of stock | -3.57M | -130.41M | 0.00M | 0.00M | - |
| Other cashflows from financing activities | 0.15M | -2.25M | 2.25M | 94.98M | -37.04M |
| Capital expenditures | 0.43M | 3.64M | 5.76M | 4.56M | 35.63M |
| Change in working capital | -28.22M | -139.99M | 160.29M | 210.49M | 288.17M |
| Stock based compensation | 20.50M | 27.76M | 191.63M | 291.43M | 101.83M |
| Other non cash items | -331.32M | -8.45M | -9.28M | -5.01M | -1.96M |
| Free cash flow | 27.82M | 279.08M | 229.87M | 268.08M | 43.80M |
Sector: Consumer Cyclical Industry: Leisure
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| HERE Here Group Limited |
-0.07 4.24% |
1.58 | 2.76 | 32.05 | 0.09 | 0.86 | 0.03 | 0.20 |
| OLCLY Oriental Land Co Ltd ADR |
- -% |
23.74 | 41.39 | 43.67 | 0.05 | 4.46 | 6.91 | 20.36 |
| ANPDF ANTA Sports Products Ltd |
0.07 0.69% |
10.20 | 15.57 | 14.95 | 0.39 | 3.13 | 2.49 | 6.99 |
| ANPDY ANTA Sports Products Ltd ADR |
-0.94 0.37% |
250.44 | 15.60 | 15.06 | 0.38 | 3.15 | 2.49 | 6.99 |
| OLCLF Oriental Land Co. Ltd |
- -% |
22.99 | 37.74 | 39.22 | 0.04 | 4.01 | 6.91 | 20.36 |
Here Group Limited designs and sells pop toys in China. It offers collectible pop toys, such as plush toys and figures under HERE brand. The company was formerly known as QuantaSing Group Limited and change its name to Here Group Limited in November 2025. Here Group Limited was founded in 2019 and is headquartered in Beijing, the People's Republic of China.
Building D, Ronsin Technology Center, Beijing, China, 100102
86 10 6493 7857
714
| Name | Title | Year Born |
|---|---|---|
| Mr. Dong Xie | CFO, Senior Vice President & Director | 1980 |
| Ms. Xihao Liu | Senior VP & Director | 1984 |
| Mr. Peng Li | Founder, Chairman of the Board & CEO | 1983 |
| Ms. Leah Guo | Associate Director of Investor Relations | NA |
| Mr. Guangqiang Shi | Senior Vice President | 1980 |
| Mr. Huiyu Zhan | Director and Chief Product Officer | 1984 |
| Tina Tang | Manager of Investor Relations | NA |
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