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Bonny International Holding Limited logo

Bonny International Holding Limited

1906.HK

HKSEConsumer CyclicalApparel - Manufacturers

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Latest quote

HK$0.70

+HK$0.045 · +6.87%

Aug 24, 3:56 PM HKT

1906.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

As an investment holding company, Bonny International Holding Limited specializes in the production and sale of intimate apparel. Its operations are divided into two main divisions: Original Design Manufacture (ODM) and proprietary Brand Products. The ODM division focuses on producing and supplying underwear and other ODM goods to international clients or their representatives. Conversely, the Brand Products segment is responsible for manufacturing and distributing women's brassieres, panties, thermal wear, and performance sportswear, all marketed under the "Bonny" brand. By December 31, 2021, the company maintained a significant retail presence in the People's Republic of China, with 133 directly managed stores (including 124 concession counters and 9 independent stores) and an additional 32 franchised locations spread across 18 provinces, municipalities, and autonomous regions. Its market reach extends globally, encompassing Mainland China, the United States, Germany, the Netherlands, Japan, and Canada, among other international markets. Established in 2017, Bonny International Holding Limited has its headquarters in Kowloon, Hong Kong.

Industry
Apparel - Manufacturers
Sector
Consumer Cyclical
Headquarters
HK
CEO
Guojun Jin
Listed since
Apr 26, 2019
Employees
709

Market position

Day range

Current HK$0.70

52-week range

Current HK$0.70

Open
HK$0.65
Previous close
HK$0.655
Volume
7.24M
2.4× average
Average volume
3.01M
Average daily volume
Market cap
1.03B HKD
Beta
0.52
Market reference 1
50-day average
HK$0.5246
+33.43% above average
200-day average
HK$0.5294
+32.22% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
828.18M CNY
P/E (TTM)
-15.55×
P/B (TTM)
2.97×
P/S (TTM)
3.81×
EV / EBITDA
-82.46×
Earnings yield
-9.14%
Free cash flow yield
-4.33%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
28.97%
Operating margin
-8.12%
Net margin
-24.50%
Return on equity
-19.12%
Return on assets
-9.11%
Return on invested capital
-3.46%

Financial health

Debt / equity
0.77×
Current ratio
0.66×
Altman Z-score
1.78
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends37%7%-22%-51%Gross margin, FY2021: 26.39%Gross margin, FY2022: 19.67%Gross margin, FY2023: 23.45%Gross margin, FY2024: 29.57%Gross margin, FY2025: 28.97%Operating margin, FY2021: -15.32%Operating margin, FY2022: -38.02%Operating margin, FY2023: -25.00%Operating margin, FY2024: -4.76%Operating margin, FY2025: -8.12%Net margin, FY2021: -2.63%Net margin, FY2022: -44.08%Net margin, FY2023: -25.48%Net margin, FY2024: -6.27%Net margin, FY2025: -24.50%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 26.39%. Gross margin FY2022 19.67%. Gross margin FY2023 23.45%. Gross margin FY2024 29.57%. Gross margin FY2025 28.97%. Operating margin FY2021 -15.32%. Operating margin FY2022 -38.02%. Operating margin FY2023 -25.00%. Operating margin FY2024 -4.76%. Operating margin FY2025 -8.12%. Net margin FY2021 -2.63%. Net margin FY2022 -44.08%. Net margin FY2023 -25.48%. Net margin FY2024 -6.27%. Net margin FY2025 -24.50%.

Income trends

Revenue

231.84M CNY-13.08%

Operating income

−18.82M CNY-48.33%

Net income

−56.79M CNY-239.45%
Income trends across reported periods300.5M CNY165.44M CNY30.37M CNY−104.7M CNYRevenue, FY2021: 248.78M CNYRevenue, FY2022: 160.91M CNYRevenue, FY2023: 177.67M CNYRevenue, FY2024: 266.74M CNYRevenue, FY2025: 231.84M CNYOperating income, FY2021: −38.11M CNYOperating income, FY2022: −61.17M CNYOperating income, FY2023: −44.42M CNYOperating income, FY2024: −12.69M CNYOperating income, FY2025: −18.82M CNYNet income, FY2021: −6.55M CNYNet income, FY2022: −70.94M CNYNet income, FY2023: −45.27M CNYNet income, FY2024: −16.73M CNYNet income, FY2025: −56.79M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 248.78M CNY. Revenue FY2022 160.91M CNY. Revenue FY2023 177.67M CNY. Revenue FY2024 266.74M CNY. Revenue FY2025 231.84M CNY. Operating income FY2021 −38.11M CNY. Operating income FY2022 −61.17M CNY. Operating income FY2023 −44.42M CNY. Operating income FY2024 −12.69M CNY. Operating income FY2025 −18.82M CNY. Net income FY2021 −6.55M CNY. Net income FY2022 −70.94M CNY. Net income FY2023 −45.27M CNY. Net income FY2024 −16.73M CNY. Net income FY2025 −56.79M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue231.84M CNY266.74M CNY177.67M CNY160.91M CNY248.78M CNY
Cost of goods sold164.67M CNY187.87M CNY136M CNY129.27M CNY183.13M CNY
Gross profit67.17M CNY78.86M CNY41.67M CNY31.64M CNY65.66M CNY
Research and development13.33M CNY18.33M CNY18.92M CNY21.2M CNY25.7M CNY
Selling, general, and administrative72.66M CNY72.47M CNY68.38M CNY70.59M CNY81.95M CNY
Operating expenses85.99M CNY91.56M CNY86.09M CNY66.08M CNY103.76M CNY
Interest income99K CNY100K CNY108K CNY87K CNY49K CNY
Interest expense6.74M CNY7.01M CNY5.99M CNY4.6M CNY5.1M CNY
Depreciation and amortization10.11M CNY11.8M CNY16.31M CNY17.89M CNY12.13M CNY
Operating income−18.82M CNY−12.69M CNY−44.42M CNY−61.17M CNY−38.11M CNY
Net income−56.79M CNY−16.73M CNY−45.27M CNY−70.94M CNY−6.55M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.02

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.050-0.04-0.09Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 0.009, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0.016, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 29, 2022: actual -0.023, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 30, 2023: actual -0.045, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual -0.013, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual -0.028, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 19, 2024: actual 0.005, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual -0.017, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates160.76M133.54M106.32M79.1MQ2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 150.41M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 151.21M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 29, 2022: actual 100.71M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 30, 2023: actual 85.29M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual 104.32M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual 89.88M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 19, 2024: actual 154.58M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 130.63M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Jul 4, 2024

533:500

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