Morimatsu International Holdings Company Limited logo

Morimatsu International Holdings Company Limited

2155.HK

HKSEIndustrialsIndustrial - Machinery

Latest quote

HK$7.155

−HK$0.365 · -4.85%

Aug 24, 4:08 PM HKT

2155.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Headquartered in Shanghai, China, and established in 1990, Morimatsu International Holdings Company Limited is a global provider of integrated solutions for process industries. The company excels in the design, manufacturing, installation, and ongoing operation and maintenance of advanced process equipment and systems, primarily for chemical, biological, and polymerization applications. Its extensive product portfolio includes robust pressure vessels such as heat exchangers, tanks, reactors, and towers. Furthermore, Morimatsu offers sophisticated bioreactor and fermentation systems, parallel bioreactors, culture medium solutions, pharmaceutical processing systems (including online solution preparation, harvest, buffer, inactivation, and CIP workstation systems), isolators, both disposable and conventional magnetic mixing and storage systems, modular factories, and clean decorators. Complementing its hardware offerings, the company provides comprehensive services encompassing design, verification, maintenance, and digital operational support. Morimatsu serves a broad spectrum of industries, including oil and gas, new chemical materials, pharmaceuticals, power battery raw materials, water treatment, new energy, consumer goods, and electronic chemicals.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
CN
CEO
Koei Nishimatsu
Listed since
Jun 29, 2021
Employees
4,671

Market position

Day range

Current HK$7.155

52-week range

Current HK$7.155

Open
HK$7.56
Previous close
HK$7.52
Volume
2.92M
0.35× average
Average volume
8.41M
Average daily volume
Market cap
8.91B HKD
Beta
0.75
Market reference 1
50-day average
HK$7.907
-9.51% below average
200-day average
HK$8.6607
-17.39% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.03B CNY
P/E (TTM)
12.79×
P/B (TTM)
1.43×
P/S (TTM)
1.1×
EV / EBITDA
9.03×
Earnings yield
5.68%
Free cash flow yield
0.74%
Dividend yield
2.80%

Profitability & efficiency

Gross margin
26.42%
Operating margin
10.57%
Net margin
8.62%
Return on equity
10.70%
Return on assets
5.92%
Return on invested capital
8.95%

Financial health

Debt / equity
0.11×
Current ratio
1.83×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends32%23%15%7%Gross margin, FY2021: 27.49%Gross margin, FY2022: 27.65%Gross margin, FY2023: 27.93%Gross margin, FY2024: 29.66%Gross margin, FY2025: 26.55%Operating margin, FY2021: 11.00%Operating margin, FY2022: 12.05%Operating margin, FY2023: 13.66%Operating margin, FY2024: 13.27%Operating margin, FY2025: 10.57%Net margin, FY2021: 8.92%Net margin, FY2022: 10.32%Net margin, FY2023: 11.48%Net margin, FY2024: 10.61%Net margin, FY2025: 8.62%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.49%. Gross margin FY2022 27.65%. Gross margin FY2023 27.93%. Gross margin FY2024 29.66%. Gross margin FY2025 26.55%. Operating margin FY2021 11.00%. Operating margin FY2022 12.05%. Operating margin FY2023 13.66%. Operating margin FY2024 13.27%. Operating margin FY2025 10.57%. Net margin FY2021 8.92%. Net margin FY2022 10.32%. Net margin FY2023 11.48%. Net margin FY2024 10.61%. Net margin FY2025 8.62%.

Income trends

Revenue

6.95B CNY+0.09%

Operating income

734.83M CNY-20.32%

Net income

599.59M CNY-18.67%
Income trends across reported periods8.06B CNY5.27B CNY2.48B CNY−316M CNYRevenue, FY2021: 4.28B CNYRevenue, FY2022: 6.49B CNYRevenue, FY2023: 7.36B CNYRevenue, FY2024: 6.95B CNYRevenue, FY2025: 6.95B CNYOperating income, FY2021: 470.65M CNYOperating income, FY2022: 781.59M CNYOperating income, FY2023: 1.01B CNYOperating income, FY2024: 922.19M CNYOperating income, FY2025: 734.83M CNYNet income, FY2021: 381.84M CNYNet income, FY2022: 669.27M CNYNet income, FY2023: 844.68M CNYNet income, FY2024: 737.24M CNYNet income, FY2025: 599.59M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 4.28B CNY. Revenue FY2022 6.49B CNY. Revenue FY2023 7.36B CNY. Revenue FY2024 6.95B CNY. Revenue FY2025 6.95B CNY. Operating income FY2021 470.65M CNY. Operating income FY2022 781.59M CNY. Operating income FY2023 1.01B CNY. Operating income FY2024 922.19M CNY. Operating income FY2025 734.83M CNY. Net income FY2021 381.84M CNY. Net income FY2022 669.27M CNY. Net income FY2023 844.68M CNY. Net income FY2024 737.24M CNY. Net income FY2025 599.59M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue6.95B CNY6.95B CNY7.36B CNY6.49B CNY4.28B CNY
Cost of goods sold5.11B CNY4.89B CNY5.3B CNY4.69B CNY3.1B CNY
Gross profit1.85B CNY2.06B CNY2.06B CNY1.79B CNY1.18B CNY
Research and development310.39M CNY399.24M CNY418.15M CNY316.08M CNY226.63M CNY
Selling, general, and administrative872.59M CNY729.41M CNY718.37M CNY694.91M CNY481.13M CNY
Operating expenses1.11B CNY1.14B CNY1.05B CNY1.01B CNY701.07M CNY
Interest income74.67M CNY59.99M CNY59.77M CNY15.26M CNY2.12M CNY
Interest expense16.46M CNY10.45M CNY13.29M CNY15.95M CNY22.79M CNY
Depreciation and amortization191.62M CNY194.79M CNY145.44M CNY113.81M CNY93.01M CNY
Operating income734.83M CNY922.19M CNY1.01B CNY781.59M CNY470.65M CNY
Net income599.59M CNY737.24M CNY844.68M CNY669.27M CNY381.84M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.22

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.410.340.260.19Q2 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q2 '25Q1 '26
Q2 2022, reported Jun 30, 2022: actual 0.325, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Dec 31, 2022: actual 0.342, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 30, 2023: actual 0.368, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual 0.37, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 30, 2024: actual 0.326, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual 0.305, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 30, 2025: actual 0.294, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 23, 2026: actual 0.223, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates5.26B4.42B3.58B2.74BQ4 '22MissQ2 '23No estimateQ4 '23No estimateQ2 '24No estimateQ4 '24No estimateQ2 '25No estimateQ1 '26BeatQ3 '26Estimate
Q4 2022, reported Dec 31, 2022: actual 4.01B HKD, estimate 4.01B HKD, surprise -0.11%, Miss. Q2 2023, reported Jun 30, 2023: actual 3.99B HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual 4.06B HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 30, 2024: actual 3.73B HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual 3.69B HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 30, 2025: actual 2.94B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 23, 2026: actual 4.75B HKD, estimate 4.75B HKD, surprise +0.04%, Beat. Q3 2026, reported Aug 27, 2026: actual —, estimate 5.06B HKD, surprise —, Comparison unavailable.

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