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Zall Smart Commerce Group Ltd. logo

Zall Smart Commerce Group Ltd.

2098.HK

HKSEIndustrialsAirlines, Airports & Air Services

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Latest quote

HK$0.063

−HK$0.006 · -8.70%

Aug 24, 3:59 PM HKT

2098.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Zall Smart Commerce Group Ltd., an investment holding company, engages in the supply chain management and trading businesses in the People’s Republic of China and Singapore. It operates in two segments, Property Development and Related Services; and Supply Chain Management and Trading. The company’s assets portfolio comprises logistic units, e-commerce malls, wholesale shopping malls, and offices. It also develops, sells, and operates large-scale consumer product-focus wholesale shopping malls; and provides related value-added business, such as warehousing and logistics services. In addition, the company trades in agricultural products, chemical materials, plastic raw materials, consumer goods, black and non–ferrous metals, etc.; and offers trade-related supply chain financial services. Further, it engages in the provision of e-commerce and financial services for online and offline customers; and sale of retail shops and auxiliary facilities units, as well as rental of investment properties. Additionally, the company is involved in B2B trading and IT cloud services. The company was formerly known as Zall Group Ltd. and changed its name to Zall Smart Commerce Group Ltd. in June 2018. The company was founded in 2003 and is headquartered in Wuhan, the People’s Republic of China. Zall Smart Commerce Group Ltd. operates as a subsidiary of Zall Development Investment Company Limited.

Industry
Airlines, Airports & Air Services
Sector
Industrials
Headquarters
CN
CEO
Zhi Yan
Listed since
Jul 13, 2011
Employees
1,381

Market position

52-week range

Current HK$0.063

Open
HK$0.063
Previous close
HK$0.069
Volume
0
0× average
Average volume
1.35M
Average daily volume
Market cap
781.17M HKD
Beta
-0.11
Market reference 1
50-day average
HK$0.0727
-13.34% below average
200-day average
HK$0.0951
-33.73% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
4.54×
P/B (TTM)
0.05×
P/S (TTM)
0×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
0.38%
Operating margin
0.40%
Net margin
0.10%

Financial health

Debt / equity
1.03×
Altman Z-score
5.45
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends1%-0%-2%-3%Gross margin, FY2021: 0.85%Gross margin, FY2022: 0.53%Gross margin, FY2023: 0.68%Gross margin, FY2024: 0.43%Gross margin, FY2025: 0.38%Operating margin, FY2021: -0.79%Operating margin, FY2022: -2.40%Operating margin, FY2023: 0.40%Operating margin, FY2024: 0.35%Operating margin, FY2025: 0.40%Net margin, FY2021: -1.27%Net margin, FY2022: -2.74%Net margin, FY2023: 0.04%Net margin, FY2024: 0.08%Net margin, FY2025: 0.10%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 0.85%. Gross margin FY2022 0.53%. Gross margin FY2023 0.68%. Gross margin FY2024 0.43%. Gross margin FY2025 0.38%. Operating margin FY2021 -0.79%. Operating margin FY2022 -2.40%. Operating margin FY2023 0.40%. Operating margin FY2024 0.35%. Operating margin FY2025 0.40%. Net margin FY2021 -1.27%. Net margin FY2022 -2.74%. Net margin FY2023 0.04%. Net margin FY2024 0.08%. Net margin FY2025 0.10%.

Income trends

Revenue

155.03B CNY-4.51%

Operating income

623.19M CNY+8.87%

Net income

147.45M CNY+14.34%
Income trends across reported periods178.9B CNY112.74B CNY46.58B CNY−19.58B CNYRevenue, FY2021: 104.55B CNYRevenue, FY2022: 110.91B CNYRevenue, FY2023: 125.29B CNYRevenue, FY2024: 162.36B CNYRevenue, FY2025: 155.03B CNYOperating income, FY2021: −823.11M CNYOperating income, FY2022: −2.67B CNYOperating income, FY2023: 503.73M CNYOperating income, FY2024: 572.4M CNYOperating income, FY2025: 623.19M CNYNet income, FY2021: −1.33B CNYNet income, FY2022: −3.04B CNYNet income, FY2023: 50.92M CNYNet income, FY2024: 128.95M CNYNet income, FY2025: 147.45M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 104.55B CNY. Revenue FY2022 110.91B CNY. Revenue FY2023 125.29B CNY. Revenue FY2024 162.36B CNY. Revenue FY2025 155.03B CNY. Operating income FY2021 −823.11M CNY. Operating income FY2022 −2.67B CNY. Operating income FY2023 503.73M CNY. Operating income FY2024 572.4M CNY. Operating income FY2025 623.19M CNY. Net income FY2021 −1.33B CNY. Net income FY2022 −3.04B CNY. Net income FY2023 50.92M CNY. Net income FY2024 128.95M CNY. Net income FY2025 147.45M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue155.03B CNY162.36B CNY125.29B CNY110.91B CNY104.55B CNY
Cost of goods sold154.44B CNY161.66B CNY124.44B CNY110.32B CNY103.67B CNY
Gross profit585.65M CNY698.97M CNY846.64M CNY587.43M CNY885.76M CNY
Research and development9.86M CNY15.43M CNY12.01M CNY22.01M CNY46.95M CNY
Selling, general, and administrative655.04M CNY698.23M CNY711.48M CNY730.5M CNY871.92M CNY
Operating expenses−37.54M CNY126.57M CNY342.91M CNY3.25B CNY1.71B CNY
Interest income238.87M CNY286.8M CNY105.71M CNY353.37M CNY223.28M CNY
Interest expense508.61M CNY325.02M CNY405.83M CNY634.4M CNY724.2M CNY
Depreciation and amortization27.15M CNY85.49M CNY94.33M CNY84.65M CNY86.62M CNY
Operating income623.19M CNY572.4M CNY503.73M CNY−2.67B CNY−823.11M CNY
Net income147.45M CNY128.95M CNY50.92M CNY−3.04B CNY−1.33B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 4 misses, 0 met estimates
Average EPS surprise
-155.73%
4 comparable reports
Latest EPS result
0

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.160-0.16-0.32Q2 '21MissQ4 '21MissQ2 '23No estimateQ3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ1 '26No estimate
Q2 2021, reported Jun 30, 2021: actual 0.003, estimate 0.096, surprise -96.72%, Miss. Q4 2021, reported Dec 31, 2021: actual -0.141, estimate 0.123, surprise -215.03%, Miss. Q2 2023, reported Apr 1, 2023: actual -0.279, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 0.002, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 0.003, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 31, 2024: actual 0.004, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 0.007, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 26, 2026: actual 0.005, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates107.64B73.36B39.08B4.8BQ2 '21BeatQ4 '21MissQ2 '23BeatQ3 '23BeatQ1 '24BeatQ3 '24No estimateQ1 '25No estimateQ1 '26No estimate
Q2 2021, reported Jun 30, 2021: actual 60.22B HKD, estimate 57.59B HKD, surprise +4.57%, Beat. Q4 2021, reported Dec 31, 2021: actual 66.59B HKD, estimate 79.65B HKD, surprise -16.39%, Miss. Q2 2023, reported Apr 1, 2023: actual 69.45B HKD, estimate 5.65B HKD, surprise +1130.22%, Beat. Q3 2023, reported Aug 31, 2023: actual 59.4B HKD, estimate 5.65B HKD, surprise +952.33%, Beat. Q1 2024, reported Mar 28, 2024: actual 77.87B HKD, estimate 5.65B HKD, surprise +1279.51%, Beat. Q3 2024, reported Aug 31, 2024: actual 73.32B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 100.09B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 26, 2026: actual 71.32B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Oct 19, 2015

3:1

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ETFs holding 2098.HK

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

Dimensional - Emerging Markets Core Equity 2 ETF logoDimensional - Emerging Markets Core Equity 2 ETFDFEM
Market value
12.83K
Weight
0.00%
AUM
9.49B USD
Expense ratio
0.39%
Price / 1D
$39.53-1.00%

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