China Wantian Holdings Limited logo

China Wantian Holdings Limited

1854.HK

HKSEConsumer DefensiveFood Distribution

Latest quote

HK$1.15

−HK$0.03 · -2.54%

Aug 24, 11:05 AM HKT

1854.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Operating as an investment holding company, China Wantian Holdings Limited specializes in the procurement, preparation, and distribution of food ingredients for establishments within Hong Kong's food service sector. Its extensive product portfolio features a variety of fresh produce, including leafy greens, melon and fruit vegetables, root and rhizome varieties, culinary herbs and spices, mushrooms, and fresh fruits, among other foodstuffs. These essential ingredients are supplied to an estimated 480 customer outlets across the region. In addition to its primary food supply operations, the company also holds investments in properties and provides logistics solutions. The firm, which began operations in 2005, was formerly known as Goal Forward Holdings Limited before officially adopting the name China Wantian Holdings Limited in December 2021. Headquartered in Kowloon Bay, Hong Kong, it functions as a subsidiary of Classic Line Holdings Limited.

Industry
Food Distribution
Sector
Consumer Defensive
Headquarters
HK
CEO
Xueyong Zhong
Listed since
Oct 13, 2016
Employees
275

Market position

Day range

Current HK$1.15

52-week range

Current HK$1.15

Open
HK$1.18
Previous close
HK$1.18
Volume
60K
0.02× average
Average volume
3.2M
Average daily volume
Market cap
2.34B HKD
Beta
0.08
Market reference 1
50-day average
HK$1.2104
-4.99% below average
200-day average
HK$1.1911
-3.45% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.85B HKD
P/E (TTM)
-19.52×
P/B (TTM)
33.77×
P/S (TTM)
2.01×
EV / EBITDA
-27.32×
Earnings yield
-5.02%
Free cash flow yield
-2.05%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
3.47%
Operating margin
-13.13%
Net margin
-12.19%
Return on equity
-204.46%
Return on assets
-71.74%
Return on invested capital
-85.77%

Financial health

Debt / equity
1.13×
Current ratio
2.17×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends22%5%-11%-28%Gross margin, FY2021: 14.68%Gross margin, FY2022: 17.75%Gross margin, FY2023: 14.94%Gross margin, FY2024: 6.58%Gross margin, FY2025: 3.47%Operating margin, FY2021: -8.18%Operating margin, FY2022: -9.71%Operating margin, FY2023: -18.88%Operating margin, FY2024: -5.02%Operating margin, FY2025: -11.43%Net margin, FY2021: -8.58%Net margin, FY2022: -13.72%Net margin, FY2023: -23.50%Net margin, FY2024: -5.32%Net margin, FY2025: -12.19%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 14.68%. Gross margin FY2022 17.75%. Gross margin FY2023 14.94%. Gross margin FY2024 6.58%. Gross margin FY2025 3.47%. Operating margin FY2021 -8.18%. Operating margin FY2022 -9.71%. Operating margin FY2023 -18.88%. Operating margin FY2024 -5.02%. Operating margin FY2025 -11.43%. Net margin FY2021 -8.58%. Net margin FY2022 -13.72%. Net margin FY2023 -23.50%. Net margin FY2024 -5.32%. Net margin FY2025 -12.19%.

Income trends

Revenue

1.16B HKD+47.70%

Operating income

−133.17M HKD-236.30%

Net income

−141.99M HKD-238.11%
Income trends across reported periods1.3B HKD772.78M HKD250.06M HKD−272.67M HKDRevenue, FY2021: 127.67M HKDRevenue, FY2022: 202.14M HKDRevenue, FY2023: 258.81M HKDRevenue, FY2024: 788.63M HKDRevenue, FY2025: 1.16B HKDOperating income, FY2021: −10.44M HKDOperating income, FY2022: −19.63M HKDOperating income, FY2023: −48.87M HKDOperating income, FY2024: −39.6M HKDOperating income, FY2025: −133.17M HKDNet income, FY2021: −10.96M HKDNet income, FY2022: −27.73M HKDNet income, FY2023: −60.83M HKDNet income, FY2024: −41.99M HKDNet income, FY2025: −141.99M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 127.67M HKD. Revenue FY2022 202.14M HKD. Revenue FY2023 258.81M HKD. Revenue FY2024 788.63M HKD. Revenue FY2025 1.16B HKD. Operating income FY2021 −10.44M HKD. Operating income FY2022 −19.63M HKD. Operating income FY2023 −48.87M HKD. Operating income FY2024 −39.6M HKD. Operating income FY2025 −133.17M HKD. Net income FY2021 −10.96M HKD. Net income FY2022 −27.73M HKD. Net income FY2023 −60.83M HKD. Net income FY2024 −41.99M HKD. Net income FY2025 −141.99M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue1.16B HKD788.63M HKD258.81M HKD202.14M HKD127.67M HKD
Cost of goods sold1.12B HKD736.7M HKD220.15M HKD166.25M HKD108.93M HKD
Gross profit40.38M HKD51.93M HKD38.66M HKD35.89M HKD18.75M HKD
Selling, general, and administrative159.09M HKD124.11M HKD141.01M HKD52.36M HKD23.82M HKD
Operating expenses173.55M HKD91.53M HKD138.71M HKD55.27M HKD29M HKD
Interest income62K HKD541K HKD242.67K HKD176K HKD48K HKD
Interest expense2.56M HKD1.68M HKD1.68M HKD1.14M HKD641K HKD
Depreciation and amortization28.7M HKD8.56M HKD17.02M HKD10.43M HKD5.87M HKD
Operating income−133.17M HKD−39.6M HKD−48.87M HKD−19.63M HKD−10.44M HKD
Net income−141.99M HKD−41.99M HKD−60.83M HKD−27.73M HKD−10.96M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.05

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0-0.03-0.06-0.09Q4 '22Q2 '23Q4 '23Q2 '24Q3 '24Q1 '25Q1 '26
Q4 2022, reported Nov 18, 2022: actual -0.005, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 28, 2023: actual -0.011, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 28, 2023: actual -0.009, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 22, 2024: actual -0.024, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 27, 2024: actual -0.009, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual -0.012, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual -0.047, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates658.6M458.54M258.49M58.43MQ4 '22Q2 '23Q4 '23Q2 '24Q3 '24Q1 '25Q1 '26
Q4 2022, reported Nov 18, 2022: actual 68.75M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 28, 2023: actual 133.39M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 28, 2023: actual 128.73M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 22, 2024: actual 251.76M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 27, 2024: actual 251.76M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 614.9M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual 549.8M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective May 10, 2023

1,051:1,000

1854.HK peers

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