Here Group Limited
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $62.3M
- Price
- $1.65
- % Change (Daily % change from the live per-ticker quote feed.)
- -4.07%
- Volume
- 3.9K
About
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.
Quick stats
Shares outstanding37.8M
Computed float28.2M
Float / shares74.7%
Key info
SectorConsumer Cyclical
IndustryLeisure
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001932770
Websitehttps://www.heregroup.com
AI Summary
AI-generated1/5
majormixedearnings
Here Announces Unaudited Financial Results for the Fourth Quarter and Full Fiscal Year 2026, and a Change to Board and Management
Here Group closed FY 2026 — its first full year in the pop toy business — with revenue of RMB596.8 million (US$88.0 million), and Q4 revenue of RMB127.7 million (US$18.8 million), up 94.1% year over year but down 22.5% sequentially on lower channel sales.
Q4 net loss from continuing operations widened to RMB169.6 million (US$25.0 million), driven by a RMB124.1 million (US$18.3 million) goodwill impairment on the Letsvan acquisition, and management warned further impairment charges may be necessary if forecasts change.
Separately, board member and Senior Vice President Liu Xihao resigned effective September 22, 2026 for personal reasons, which the company said did not result from any disagreement with the company or its management.
Under the US$20.0 million 2026 buyback program, only about US$0.7 million of ADSs had been repurchased as of September 16, 2026; the company held RMB431.1 million (US$63.5 million) in cash and equivalents at fiscal year-end.
Red flags
- Goodwill impairment of RMB124.1M eliminated ~66% of the RMB187.6M goodwill from the Letsvan acquisition, reflecting lower-than-anticipated financial performance
- Company explicitly warns further impairment charges may be necessary if DCF forecast assumptions change
- Q4 revenue fell 22.5% sequentially on lower channel sales while adjusted net loss widened year over year (FY RMB93.9M vs RMB19.3M)
- Inventory jumped to RMB134.7M from RMB16.2M a year earlier even as revenue declined sequentially
- Board member and Senior Vice President Liu Xihao resigned effective the same day as the earnings release
- Only US$0.7M of the US$20.0M buyback authorization utilized through September 16, 2026