ManpowerGroup Greater China Limited logo

ManpowerGroup Greater China Limited

2180.HK

HKSEIndustrialsStaffing & Employment Services

Latest quote

HK$5.10

+HK$0.20 · +4.08%

Aug 24, 11:51 AM HKT

2180.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

ManpowerGroup Greater China Limited, an investment holding entity, offers a comprehensive suite of workforce solutions and human resources services throughout the People's Republic of China, Hong Kong, Macau, and Taiwan. The company's operations are divided into two main areas: Workforce Solutions and Other HR Services. Under its Workforce Solutions segment, the company specializes in flexible staffing, providing contingent workers to help clients manage headcount fluctuations or fulfill temporary needs for specific projects. It also delivers executive search services, assisting enterprises in identifying and securing high-caliber senior professionals. This division further includes recruitment process outsourcing (RPO) and general recruitment services, along with robust capabilities in candidate assessment, screening, interviewing, leveraging advanced sourcing technology, and applying recruitment marketing expertise. The Other HR Services segment encompasses a diverse range of human capital offerings, such as HR advisory, training and professional development, outplacement and career transition support, payroll administration, and compensation and benefits management. Additionally, it provides leadership development initiatives, career planning assistance, and talent evaluation tools. Founded in 1997, ManpowerGroup Greater China Limited maintains its corporate headquarters in Shanghai, People's Republic of China.

Industry
Staffing & Employment Services
Sector
Industrials
Headquarters
CN
CEO
Zhihui Cui
Listed since
Jul 10, 2019
Employees
1,035

Market position

Day range

Current HK$5.10

52-week range

Current HK$5.10

Open
HK$5.09
Previous close
HK$4.90
Volume
9K
0.31× average
Average volume
28.96K
Average daily volume
Market cap
1.06B HKD
Beta
0.37
Market reference 1
50-day average
HK$5.1608
-1.18% below average
200-day average
HK$5.282
-3.45% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
307.93M CNY
EV / EBITDA
1.36×
Earnings yield
15.96%
Free cash flow yield
29.75%

Profitability & efficiency

Return on equity
14.88%
Return on assets
6.40%
Return on invested capital
12.88%

Financial health

Current ratio
1.76×
Altman Z-score
7.14
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends17%12%6%1%Gross margin, FY2021: 16.08%Gross margin, FY2022: 13.60%Gross margin, FY2023: 11.74%Gross margin, FY2024: 9.79%Gross margin, FY2025: 9.06%Operating margin, FY2021: 4.52%Operating margin, FY2022: 3.18%Operating margin, FY2023: 3.01%Operating margin, FY2024: 2.73%Operating margin, FY2025: 3.17%Net margin, FY2021: 3.51%Net margin, FY2022: 2.58%Net margin, FY2023: 2.38%Net margin, FY2024: 2.07%Net margin, FY2025: 2.27%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 16.08%. Gross margin FY2022 13.60%. Gross margin FY2023 11.74%. Gross margin FY2024 9.79%. Gross margin FY2025 9.06%. Operating margin FY2021 4.52%. Operating margin FY2022 3.18%. Operating margin FY2023 3.01%. Operating margin FY2024 2.73%. Operating margin FY2025 3.17%. Net margin FY2021 3.51%. Net margin FY2022 2.58%. Net margin FY2023 2.38%. Net margin FY2024 2.07%. Net margin FY2025 2.27%.

Income trends

Revenue

6.9B CNY+10.10%

Operating income

218.98M CNY+27.80%

Net income

156.94M CNY+20.87%
Income trends across reported periods7.58B CNY4.87B CNY2.15B CNY−559.94M CNYRevenue, FY2021: 3.97B CNYRevenue, FY2022: 4.59B CNYRevenue, FY2023: 5.3B CNYRevenue, FY2024: 6.27B CNYRevenue, FY2025: 6.9B CNYOperating income, FY2021: 179.57M CNYOperating income, FY2022: 145.69M CNYOperating income, FY2023: 159.6M CNYOperating income, FY2024: 171.34M CNYOperating income, FY2025: 218.98M CNYNet income, FY2021: 139.17M CNYNet income, FY2022: 118.61M CNYNet income, FY2023: 126.48M CNYNet income, FY2024: 129.85M CNYNet income, FY2025: 156.94M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.97B CNY. Revenue FY2022 4.59B CNY. Revenue FY2023 5.3B CNY. Revenue FY2024 6.27B CNY. Revenue FY2025 6.9B CNY. Operating income FY2021 179.57M CNY. Operating income FY2022 145.69M CNY. Operating income FY2023 159.6M CNY. Operating income FY2024 171.34M CNY. Operating income FY2025 218.98M CNY. Net income FY2021 139.17M CNY. Net income FY2022 118.61M CNY. Net income FY2023 126.48M CNY. Net income FY2024 129.85M CNY. Net income FY2025 156.94M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue6.9B CNY6.27B CNY5.3B CNY4.59B CNY3.97B CNY
Cost of goods sold6.28B CNY5.66B CNY4.68B CNY3.96B CNY3.33B CNY
Gross profit625.49M CNY613.63M CNY622.58M CNY623.93M CNY638.23M CNY
Research and development3.38M CNY4.44M CNY5.67M CNY5.47M CNY85K CNY
Selling, general, and administrative391.17M CNY436.03M CNY460.77M CNY469.03M CNY448.63M CNY
Operating expenses406.51M CNY435.33M CNY468.65M CNY465.97M CNY445.15M CNY
Interest income11.53M CNY18.09M CNY17.76M CNY11.34M CNY7.28M CNY
Interest expense1.76M CNY1.29M CNY1.84M CNY2.37M CNY2.85M CNY
Depreciation and amortization4.23M CNY10.72M CNY40.58M CNY43.28M CNY38.36M CNY
Operating income218.98M CNY171.34M CNY159.6M CNY145.69M CNY179.57M CNY
Net income156.94M CNY129.85M CNY126.48M CNY118.61M CNY139.17M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 5 misses, 0 met estimates
Average EPS surprise
-55.00%
5 comparable reports
Latest EPS result
0.51

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.080.80.520.24Q3 '22MissQ1 '23MissQ3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 29, 2022: actual 0.305, estimate 1.02, surprise -70.14%, Miss. Q1 2023, reported Mar 29, 2023: actual 0.365, estimate 1.02, surprise -64.26%, Miss. Q3 2023, reported Aug 24, 2023: actual 0.281, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 0.376, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual 0.279, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual 0.404, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 29, 2025: actual 0.328, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual 0.512, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates8.07B5.9B3.72B1.55BQ3 '22MissQ1 '23MissQ3 '23No estimateQ1 '24MissQ3 '24MissQ1 '25BeatQ3 '25BeatQ1 '26No estimate
Q3 2022, reported Aug 29, 2022: actual 2.61B HKD, estimate 7.61B HKD, surprise -65.70%, Miss. Q1 2023, reported Mar 29, 2023: actual 2.69B HKD, estimate 6.32B HKD, surprise -57.47%, Miss. Q3 2023, reported Aug 24, 2023: actual 2.73B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 3.07B HKD, estimate 7.61B HKD, surprise -59.65%, Miss. Q3 2024, reported Aug 28, 2024: actual 3.17B HKD, estimate 7.6B HKD, surprise -58.35%, Miss. Q1 2025, reported Mar 26, 2025: actual 3.53B HKD, estimate 1.82B HKD, surprise +94.12%, Beat. Q3 2025, reported Aug 29, 2025: actual 3.74B HKD, estimate 1.83B HKD, surprise +104.79%, Beat. Q1 2026, reported Mar 30, 2026: actual 3.88B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$1.91

2025 complete year-3.0% since 2022

2026 partial: HK$0.17

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 30, 2026

HK$0.17

Semi-Annual

Record Jul 3, 2026 · Payment Jul 17, 2026

Dividend

Ex-dividend Sep 9, 2025

HK$1.60

Semi-Annual

Record Sep 10, 2025 · Payment Sep 25, 2025

Dividend

Ex-dividend Jun 30, 2025

HK$0.31

Semi-Annual

Record Jul 3, 2025 · Payment Jul 17, 2025

Dividend

Ex-dividend Jun 28, 2024

HK$0.31

Annual

Record Jul 3, 2024 · Payment Jul 17, 2024

Dividend

Ex-dividend Jul 3, 2023

HK$0.12

Annual

Record Jul 5, 2023 · Payment Jul 19, 2023

Dividend

Ex-dividend Sep 13, 2022

HK$1.60

Semi-Annual

Record Sep 14, 2022 · Payment Sep 29, 2022

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