China Changbaishan International Holdings Limited logo

China Changbaishan International Holdings Limited

0989.HK

HKSEReal EstateReal Estate - Development

Latest quote

HK$0.60

+HK$0.005 · +0.84%

Aug 20, 2:05 PM HKT

0989.HK company overview

Historical prices · Market data may be delayed.

Company profile

Company website

Hua Yin International Holdings Limited operates as an investment holding company, primarily engaged in real estate development, property management, and property investment within the People's Republic of China. Its business activities are structured into two principal segments: Property Development and Management, and Property Investment. The Development and Management division is responsible for the construction of properties and provides a comprehensive suite of management services, encompassing strategic planning, architectural design, budget formulation, securing necessary licenses, contract tendering, and administrative oversight. Simultaneously, the Property Investment segment acquires and retains various real estate assets, such as retail units in shopping centers, for sustained investment returns and leasing income. Additionally, the company participates in real estate rental supervision and ventures into tourism development and management. Founded in 1990, the firm, initially known as Ground International Development Limited, adopted its current name, Hua Yin International Holdings Limited, in March 2021. The company's headquarters are located in Wan Chai, Hong Kong, and it functions as a subsidiary of Ka Yik Investments Limited.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
HK
CEO
Junjie Li
Listed since
Oct 20, 1997
Employees
178

Market position

Day range

Current HK$0.60

52-week range

Current HK$0.60

Open
HK$0.595
Previous close
HK$0.595
Volume
10K
0.07× average
Average volume
150.85K
Average daily volume
Market cap
216.11M HKD
Beta
0.92
Market reference 1
50-day average
HK$0.6648
-9.75% below average
200-day average
HK$0.6948
-13.65% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
450.65M CNY
P/E (TTM)
1.53×
P/B (TTM)
-0.38×
P/S (TTM)
3.55×
EV / EBITDA
-23.5×
Earnings yield
53.96%
Free cash flow yield
-19.56%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
6.24%
Operating margin
-46.64%
Net margin
227.47%
Return on equity
-24.18%
Return on assets
28.32%
Return on invested capital
9.39%

Financial health

Debt / equity
-0.49×
Current ratio
0.46×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends301%25%-251%-527%Gross margin, FY2021: 46.88%Gross margin, FY2022: 47.37%Gross margin, FY2023: -64.12%Gross margin, FY2024: 4.71%Gross margin, FY2025: 6.18%Operating margin, FY2021: -3.57%Operating margin, FY2022: 139.14%Operating margin, FY2023: -102.44%Operating margin, FY2024: -18.07%Operating margin, FY2025: -47.57%Net margin, FY2021: -50.81%Net margin, FY2022: 92.87%Net margin, FY2023: -166.56%Net margin, FY2024: -457.71%Net margin, FY2025: 232.03%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 46.88%. Gross margin FY2022 47.37%. Gross margin FY2023 -64.12%. Gross margin FY2024 4.71%. Gross margin FY2025 6.18%. Operating margin FY2021 -3.57%. Operating margin FY2022 139.14%. Operating margin FY2023 -102.44%. Operating margin FY2024 -18.07%. Operating margin FY2025 -47.57%. Net margin FY2021 -50.81%. Net margin FY2022 92.87%. Net margin FY2023 -166.56%. Net margin FY2024 -457.71%. Net margin FY2025 232.03%.

Income trends

Revenue

50.84M CNY-72.72%

Operating income

−24.18M CNY+28.20%

Net income

117.95M CNY+970.86M CNY
Income trends across reported periods688.49M CNY127.98M CNY−432.53M CNY−993.03M CNYRevenue, FY2021: 112.1M CNYRevenue, FY2022: 394.11M CNYRevenue, FY2023: 116.07M CNYRevenue, FY2024: 186.34M CNYRevenue, FY2025: 50.84M CNYOperating income, FY2021: −4M CNYOperating income, FY2022: 548.36M CNYOperating income, FY2023: −118.91M CNYOperating income, FY2024: −33.68M CNYOperating income, FY2025: −24.18M CNYNet income, FY2021: −56.96M CNYNet income, FY2022: 366.01M CNYNet income, FY2023: −193.33M CNYNet income, FY2024: −852.91M CNYNet income, FY2025: 117.95M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 112.1M CNY. Revenue FY2022 394.11M CNY. Revenue FY2023 116.07M CNY. Revenue FY2024 186.34M CNY. Revenue FY2025 50.84M CNY. Operating income FY2021 −4M CNY. Operating income FY2022 548.36M CNY. Operating income FY2023 −118.91M CNY. Operating income FY2024 −33.68M CNY. Operating income FY2025 −24.18M CNY. Net income FY2021 −56.96M CNY. Net income FY2022 366.01M CNY. Net income FY2023 −193.33M CNY. Net income FY2024 −852.91M CNY. Net income FY2025 117.95M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue50.84M CNY186.34M CNY116.07M CNY394.11M CNY112.1M CNY
Cost of goods sold47.69M CNY177.56M CNY190.5M CNY207.44M CNY59.55M CNY
Gross profit3.14M CNY8.78M CNY−74.42M CNY186.67M CNY52.56M CNY
Selling, general, and administrative27.33M CNY42.46M CNY44.48M CNY41.85M CNY50M CNY
Operating expenses27.33M CNY42.46M CNY44.48M CNY122.61M CNY69.27M CNY
Interest income14.47K CNY24K CNY68K CNY1K CNY1K CNY
Interest expense41.4M CNY51.44M CNY23.12M CNY16.7M CNY62.46M CNY
Depreciation and amortization5.01M CNY6.61M CNY3.13M CNY3.01M CNY1.77M CNY
Operating income−24.18M CNY−33.68M CNY−118.91M CNY548.36M CNY−4M CNY
Net income117.95M CNY−852.91M CNY−193.33M CNY366.01M CNY−56.96M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.1

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates1.480.29-0.9-2.09Q1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q1 '25Q3 '25
Q1 2022, reported Mar 31, 2022: actual -0.269, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 30, 2022: actual 1.23, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 28, 2023: actual -0.16, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 30, 2023: actual -0.238, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 27, 2024: actual -0.341, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual -1.85, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual -0.746, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual -0.1, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates395.46M272.8M150.14M27.49MQ1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q1 '25Q3 '25
Q1 2022, reported Mar 31, 2022: actual 56.39M HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 30, 2022: actual 368.56M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 28, 2023: actual 66.89M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 30, 2023: actual 47.19M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 27, 2024: actual 77.97M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual 143M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 60.94M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 32.34M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective May 15, 2014

1:5

Continue in GoAI

Research 0989.HK

research.disclaimer