Prinx Chengshan Holdings Limited logo

Prinx Chengshan Holdings Limited

1809.HK

HKSEConsumer CyclicalAuto - Parts

Latest quote

HK$6.90

+HK$0.09 · +1.32%

Aug 24, 4:08 PM HKT

1809.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Prinx Chengshan Holdings Limited functions as an investment holding company, with its group of subsidiaries primarily engaged in the design, production, commerce, and supply of tires. Its extensive market reach spans the People's Republic of China, Thailand, wider Asia, the Americas, Africa, the Middle East, and other international territories. The company's product offerings include steel radial, semi-steel radial, and bias tires, which serve a diverse range of vehicles such as light and pick-up trucks, buses, mixed-road or off-road vehicles, passenger cars, sport utility vehicles, and specialized agricultural and industrial off-highway equipment. These products are distributed under the Prinx, ChengShan, Austone, and Fortune brand names. Furthermore, Prinx Chengshan commits to research and development in tire technology and manufacturing equipment, alongside providing relevant technical support services. The company also deals in inflatable items and related merchandise, and offers tire rental solutions. Established in 1976 and headquartered in Rongcheng, People's Republic of China, the company transitioned from its previous name, Prinx Chengshan (Cayman) Holding Limited, to its current designation in June 2021. Prinx Chengshan Holdings Limited operates as a subsidiary of Chengshan Group Co., Ltd.

Industry
Auto - Parts
Sector
Consumer Cyclical
Headquarters
CN
CEO
Baozhen Che
Listed since
Oct 9, 2018
Employees
6,834

Market position

Day range

Current HK$6.90

52-week range

Current HK$6.90

Open
HK$6.83
Previous close
HK$6.81
Volume
37.5K
0.41× average
Average volume
91.64K
Average daily volume
Market cap
4.41B HKD
Beta
0.58
Market reference 1
50-day average
HK$6.9889
-1.27% below average
200-day average
HK$7.6361
-9.64% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.1B CNY
P/E (TTM)
3.82×
P/B (TTM)
0.52×
P/S (TTM)
0.32×
EV / EBITDA
3.04×
Earnings yield
24.41%
Free cash flow yield
12.66%
Dividend yield
7.25%

Profitability & efficiency

Gross margin
18.22%
Operating margin
9.53%
Net margin
8.37%
Return on equity
15.12%
Return on assets
9.22%
Return on invested capital
11.96%

Financial health

Debt / equity
0.22×
Current ratio
1.67×
Altman Z-score
3.67
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends23%16%9%2%Gross margin, FY2021: 13.79%Gross margin, FY2022: 14.35%Gross margin, FY2023: 21.33%Gross margin, FY2024: 21.23%Gross margin, FY2025: 18.11%Operating margin, FY2021: 3.60%Operating margin, FY2022: 5.23%Operating margin, FY2023: 12.09%Operating margin, FY2024: 12.88%Operating margin, FY2025: 10.12%Net margin, FY2021: 3.67%Net margin, FY2022: 4.83%Net margin, FY2023: 10.39%Net margin, FY2024: 11.95%Net margin, FY2025: 9.21%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 13.79%. Gross margin FY2022 14.35%. Gross margin FY2023 21.33%. Gross margin FY2024 21.23%. Gross margin FY2025 18.11%. Operating margin FY2021 3.60%. Operating margin FY2022 5.23%. Operating margin FY2023 12.09%. Operating margin FY2024 12.88%. Operating margin FY2025 10.12%. Net margin FY2021 3.67%. Net margin FY2022 4.83%. Net margin FY2023 10.39%. Net margin FY2024 11.95%. Net margin FY2025 9.21%.

Income trends

Revenue

11.81B CNY+7.59%

Operating income

1.19B CNY-15.48%

Net income

1.09B CNY-17.10%
Income trends across reported periods12.96B CNY8.35B CNY3.73B CNY−882.54M CNYRevenue, FY2021: 7.54B CNYRevenue, FY2022: 8.15B CNYRevenue, FY2023: 9.95B CNYRevenue, FY2024: 10.97B CNYRevenue, FY2025: 11.81B CNYOperating income, FY2021: 271.04M CNYOperating income, FY2022: 426.31M CNYOperating income, FY2023: 1.2B CNYOperating income, FY2024: 1.41B CNYOperating income, FY2025: 1.19B CNYNet income, FY2021: 276.3M CNYNet income, FY2022: 393.78M CNYNet income, FY2023: 1.03B CNYNet income, FY2024: 1.31B CNYNet income, FY2025: 1.09B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.54B CNY. Revenue FY2022 8.15B CNY. Revenue FY2023 9.95B CNY. Revenue FY2024 10.97B CNY. Revenue FY2025 11.81B CNY. Operating income FY2021 271.04M CNY. Operating income FY2022 426.31M CNY. Operating income FY2023 1.2B CNY. Operating income FY2024 1.41B CNY. Operating income FY2025 1.19B CNY. Net income FY2021 276.3M CNY. Net income FY2022 393.78M CNY. Net income FY2023 1.03B CNY. Net income FY2024 1.31B CNY. Net income FY2025 1.09B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue11.81B CNY10.97B CNY9.95B CNY8.15B CNY7.54B CNY
Cost of goods sold9.67B CNY8.64B CNY7.83B CNY6.98B CNY6.5B CNY
Gross profit2.14B CNY2.33B CNY2.12B CNY1.17B CNY1.04B CNY
Research and development259.47M CNY251.33M CNY239.95M CNY229.2M CNY253.98M CNY
Selling, general, and administrative755.64M CNY753M CNY740M CNY682.13M CNY613.82M CNY
Operating expenses943.37M CNY916.41M CNY919.15M CNY743.48M CNY768.11M CNY
Interest income25.4M CNY34.23M CNY20.61M CNY8.63M CNY4.76M CNY
Interest expense25.65M CNY63.07M CNY93.9M CNY69.02M CNY12.38M CNY
Depreciation and amortization501.4M CNY499.57M CNY484.86M CNY409.42M CNY295.79M CNY
Operating income1.19B CNY1.41B CNY1.2B CNY426.31M CNY271.04M CNY
Net income1.09B CNY1.31B CNY1.03B CNY393.78M CNY276.3M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 4 misses, 0 met estimates
Average EPS surprise
-77.47%
4 comparable reports
Latest EPS result
0.76

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.571.160.750.35Q1 '23MissQ3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimateQ3 '26No estimate
Q1 2023, reported Mar 31, 2023: actual 0.41, estimate 1.48, surprise -72.30%, Miss. Q3 2023, reported Aug 31, 2023: actual 0.549, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 1.22, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 1.39, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 0.83, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 26, 2025: actual 0.871, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual 1.01, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 18, 2026: actual 0.756, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates15.03B11.33B7.63B3.93BQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24MissQ1 '25No estimateQ3 '25No estimateQ1 '26No estimateQ3 '26No estimate
Q1 2023, reported Mar 31, 2023: actual 4.62B HKD, estimate 14.26B HKD, surprise -67.57%, Miss. Q3 2023, reported Aug 31, 2023: actual 4.66B HKD, estimate 11.15B HKD, surprise -58.16%, Miss. Q1 2024, reported Mar 28, 2024: actual 6.21B HKD, estimate 12B HKD, surprise -48.23%, Miss. Q3 2024, reported Aug 23, 2024: actual 5.86B HKD, estimate 11.96B HKD, surprise -51.03%, Miss. Q1 2025, reported Mar 28, 2025: actual 5.97B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 26, 2025: actual 6.21B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual 6.79B HKD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 18, 2026: actual 6.73B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.50

2025 complete year+150.0% since 2021

2026 partial: HK$0.50

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 27, 2026

HK$0.50

Annual

Record Jul 28, 2026 · Payment Aug 7, 2026

Dividend

Ex-dividend Jun 10, 2025

HK$0.50

Semi-Annual

Record Jun 12, 2025 · Payment Jun 27, 2025

Dividend

Ex-dividend Sep 23, 2024

HK$0.15

Semi-Annual

Record Sep 25, 2024 · Payment Oct 23, 2024

Dividend

Ex-dividend Jun 4, 2024

HK$0.30

Semi-Annual

Record Jun 6, 2024 · Payment Jun 17, 2024

Dividend

Ex-dividend May 24, 2023

HK$0.20

Annual

Record May 25, 2023 · Payment Jun 12, 2023

Dividend

Ex-dividend Jun 20, 2022

HK$0.20

Annual

Record Jun 21, 2022 · Payment Jul 27, 2022

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