Majestic Dragon AeroTech Holdings Limited logo

Majestic Dragon AeroTech Holdings Limited

0918.HK

HKSEConsumer CyclicalApparel - Manufacturers

Latest quote

HK$2.415

−HK$0.205 · -7.82%

Aug 24, 1:09 PM HKTData delayed

0918.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

State Energy Group International Assets Holdings Limited, an investment holding enterprise founded in 1972 and headquartered in Hung Hom, Hong Kong, conducts business across several distinct segments. The company's primary operations involve the procurement, outsourced manufacturing, and distribution of clothing and athletic wear, serving markets in mainland China, Hong Kong, and various African nations. This includes the sale of specific apparel items like wax print fabrics. Additionally, its Property Investment division is active in acquiring and leasing various real estate assets, such as commercial spaces and parking facilities. The firm also offers marketing solutions and orchestrates promotional events through its Marketing Services segment. The company adopted its current name in June 2017, having previously operated as Takson Holdings Limited.

Industry
Apparel - Manufacturers
Sector
Consumer Cyclical
Headquarters
HK
CEO
Zeyun Yang
Listed since
Oct 15, 1997
Employees
107

Market position

Day range

Current HK$2.415

52-week range

Current HK$2.415

Open
HK$2.54
Previous close
HK$2.62
Volume
370K
0.02× average
Average volume
15.35M
Average daily volume
Market cap
2.69B HKD
Beta
0.25
Market reference 1
50-day average
HK$1.809
+33.50% above average
200-day average
HK$0.9977
+142.07% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
826.33M HKD
P/E (TTM)
-483×
P/B (TTM)
10.3×
P/S (TTM)
25.76×
EV / EBITDA
175.93×
Earnings yield
-0.67%
Free cash flow yield
-3.95%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
32.82%
Operating margin
-2.91%
Net margin
-5.30%
Return on equity
-2.12%
Return on assets
-1.59%
Return on invested capital
-0.95%

Financial health

Debt / equity
0.04×
Current ratio
2.27×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends39%15%-8%-31%Gross margin, FY2021: 16.96%Gross margin, FY2022: 12.75%Gross margin, FY2023: 22.50%Gross margin, FY2024: 21.47%Gross margin, FY2025: 32.82%Operating margin, FY2021: 0.64%Operating margin, FY2022: -6.62%Operating margin, FY2023: -24.95%Operating margin, FY2024: -17.16%Operating margin, FY2025: -2.91%Net margin, FY2021: -5.65%Net margin, FY2022: -11.54%Net margin, FY2023: -23.73%Net margin, FY2024: -17.93%Net margin, FY2025: -5.30%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 16.96%. Gross margin FY2022 12.75%. Gross margin FY2023 22.50%. Gross margin FY2024 21.47%. Gross margin FY2025 32.82%. Operating margin FY2021 0.64%. Operating margin FY2022 -6.62%. Operating margin FY2023 -24.95%. Operating margin FY2024 -17.16%. Operating margin FY2025 -2.91%. Net margin FY2021 -5.65%. Net margin FY2022 -11.54%. Net margin FY2023 -23.73%. Net margin FY2024 -17.93%. Net margin FY2025 -5.30%.

Income trends

Revenue

104.46M HKD-12.07%

Operating income

−3.04M HKD+85.11%

Net income

−5.54M HKD+73.98%
Income trends across reported periods276.71M HKD153.77M HKD30.84M HKD−92.1M HKDRevenue, FY2021: 207.23M HKDRevenue, FY2022: 213.66M HKDRevenue, FY2023: 245.98M HKDRevenue, FY2024: 118.79M HKDRevenue, FY2025: 104.46M HKDOperating income, FY2021: 1.33M HKDOperating income, FY2022: −14.15M HKDOperating income, FY2023: −61.37M HKDOperating income, FY2024: −20.39M HKDOperating income, FY2025: −3.04M HKDNet income, FY2021: −11.72M HKDNet income, FY2022: −24.65M HKDNet income, FY2023: −58.36M HKDNet income, FY2024: −21.3M HKDNet income, FY2025: −5.54M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 207.23M HKD. Revenue FY2022 213.66M HKD. Revenue FY2023 245.98M HKD. Revenue FY2024 118.79M HKD. Revenue FY2025 104.46M HKD. Operating income FY2021 1.33M HKD. Operating income FY2022 −14.15M HKD. Operating income FY2023 −61.37M HKD. Operating income FY2024 −20.39M HKD. Operating income FY2025 −3.04M HKD. Net income FY2021 −11.72M HKD. Net income FY2022 −24.65M HKD. Net income FY2023 −58.36M HKD. Net income FY2024 −21.3M HKD. Net income FY2025 −5.54M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue104.46M HKD118.79M HKD245.98M HKD213.66M HKD207.23M HKD
Cost of goods sold70.18M HKD93.28M HKD190.63M HKD186.42M HKD172.08M HKD
Gross profit34.28M HKD25.51M HKD55.35M HKD27.24M HKD35.15M HKD
Selling, general, and administrative37.32M HKD46.16M HKD47.12M HKD25.75M HKD16.66M HKD
Operating expenses37.32M HKD45.9M HKD116.72M HKD41.39M HKD33.82M HKD
Interest income761K HKD1.16M HKD1.12M HKD402K HKD2.1M HKD
Interest expense197K HKD1.97M HKD3.02M HKD1.42M HKD298K HKD
Depreciation and amortization7.73M HKD8.99M HKD7.22M HKD3.78M HKD2.1M HKD
Operating income−3.04M HKD−20.39M HKD−61.37M HKD−14.15M HKD1.33M HKD
Net income−5.54M HKD−21.3M HKD−58.36M HKD−24.65M HKD−11.72M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.01

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.050-0.05-0.09Q1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q2 '25Q4 '25
Q1 2022, reported Mar 31, 2022: actual -0.027, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 21, 2022: actual -0.015, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 27, 2023: actual -0.017, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 27, 2023: actual -0.011, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 25, 2024: actual -0.051, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 27, 2024: actual -0.015, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 26, 2025: actual -0.004, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 17, 2025: actual 0.005, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates164.82M115.02M65.22M15.42MQ1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q2 '25Q4 '25
Q1 2022, reported Mar 31, 2022: actual 93.41M HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 21, 2022: actual 136.75M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 27, 2023: actual 76.91M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 27, 2023: actual 92.02M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 25, 2024: actual 153.95M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 27, 2024: actual 18.14M HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 26, 2025: actual 100.65M HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 17, 2025: actual 75.76M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Dividend

Ex-dividend Sep 11, 2000

HK$0.023

Irregular

0918.HK peers

ETFs holding 0918.HK

Funds reporting this stock among their holdings, ordered by reported position size.

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