Zhixin Group Holding Limited logo

Zhixin Group Holding Limited

2187.HK

HKSEBasic MaterialsConstruction Materials

Latest quote

HK$0.465

HK$0.00 · 0.00%

Aug 24, 3:59 PM HKT

2187.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Operating as an investment holding company, Zhixin Group Holding Limited specializes in the production and distribution of concrete-based construction materials throughout the People's Republic of China. Its product portfolio primarily includes ready-mixed concrete and precast concrete components. The company also engages in solid waste processing and the sale of environmentally friendly building supplies. Additionally, its operations encompass providing logistics services, recycling iron ore tailings, and manufacturing bricks. Zhixin Group serves various construction companies involved in diverse building and infrastructure projects, such as residential, commercial, industrial, municipal, and general infrastructure developments. The company was founded in 2018 and is based in Xiamen, China.

Industry
Construction Materials
Sector
Basic Materials
Headquarters
CN
CEO
Wen Gui Huang
Listed since
Mar 26, 2021
Employees
320

Market position

52-week range

Current HK$0.465

Open
HK$0.465
Previous close
HK$0.465
Volume
24K
0.04× average
Average volume
537.13K
Average daily volume
Market cap
347.84M HKD
Beta
0.16
Market reference 1
50-day average
HK$0.5502
-15.49% below average
200-day average
HK$0.6725
-30.85% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
829M CNY
P/E (TTM)
-8.8×
P/B (TTM)
0.93×
P/S (TTM)
0.71×
EV / EBITDA
-50.96×
Earnings yield
-15.84%
Free cash flow yield
-33.18%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
8.24%
Operating margin
-10.43%
Net margin
-13.84%
Return on equity
-18.32%
Return on assets
-4.54%
Return on invested capital
-5.13%

Financial health

Debt / equity
1.57×
Current ratio
0.84×
Altman Z-score
0.69
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends24%10%-3%-16%Gross margin, FY2021: 13.63%Gross margin, FY2022: 9.06%Gross margin, FY2023: 20.32%Gross margin, FY2024: 13.95%Gross margin, FY2025: 7.02%Operating margin, FY2021: 6.08%Operating margin, FY2022: 1.73%Operating margin, FY2023: 5.99%Operating margin, FY2024: -9.70%Operating margin, FY2025: -7.98%Net margin, FY2021: 2.67%Net margin, FY2022: 0.20%Net margin, FY2023: 1.97%Net margin, FY2024: -12.96%Net margin, FY2025: -10.59%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 13.63%. Gross margin FY2022 9.06%. Gross margin FY2023 20.32%. Gross margin FY2024 13.95%. Gross margin FY2025 7.02%. Operating margin FY2021 6.08%. Operating margin FY2022 1.73%. Operating margin FY2023 5.99%. Operating margin FY2024 -9.70%. Operating margin FY2025 -7.98%. Net margin FY2021 2.67%. Net margin FY2022 0.20%. Net margin FY2023 1.97%. Net margin FY2024 -12.96%. Net margin FY2025 -10.59%.

Income trends

Revenue

552.8M CNY-4.75%

Operating income

−44.13M CNY+21.60%

Net income

−58.53M CNY+22.16%
Income trends across reported periods849.12M CNY513M CNY176.89M CNY−159.23M CNYRevenue, FY2021: 765.09M CNYRevenue, FY2022: 634.15M CNYRevenue, FY2023: 512.77M CNYRevenue, FY2024: 580.37M CNYRevenue, FY2025: 552.8M CNYOperating income, FY2021: 46.51M CNYOperating income, FY2022: 11M CNYOperating income, FY2023: 30.72M CNYOperating income, FY2024: −56.29M CNYOperating income, FY2025: −44.13M CNYNet income, FY2021: 20.4M CNYNet income, FY2022: 1.25M CNYNet income, FY2023: 10.08M CNYNet income, FY2024: −75.2M CNYNet income, FY2025: −58.53M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 765.09M CNY. Revenue FY2022 634.15M CNY. Revenue FY2023 512.77M CNY. Revenue FY2024 580.37M CNY. Revenue FY2025 552.8M CNY. Operating income FY2021 46.51M CNY. Operating income FY2022 11M CNY. Operating income FY2023 30.72M CNY. Operating income FY2024 −56.29M CNY. Operating income FY2025 −44.13M CNY. Net income FY2021 20.4M CNY. Net income FY2022 1.25M CNY. Net income FY2023 10.08M CNY. Net income FY2024 −75.2M CNY. Net income FY2025 −58.53M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue552.8M CNY580.37M CNY512.77M CNY634.15M CNY765.09M CNY
Cost of goods sold513.99M CNY499.41M CNY408.58M CNY576.73M CNY660.83M CNY
Gross profit38.81M CNY80.96M CNY104.19M CNY57.43M CNY104.26M CNY
Selling, general, and administrative86.81M CNY96.57M CNY77.36M CNY63.32M CNY72.74M CNY
Operating expenses82.94M CNY137.24M CNY73.47M CNY46.42M CNY57.75M CNY
Interest income26K CNY36K CNY22K CNY127K CNY215K CNY
Interest expense13.94M CNY17.83M CNY15.88M CNY12.83M CNY12.58M CNY
Depreciation and amortization27.47M CNY26.05M CNY29.86M CNY24.62M CNY22.23M CNY
Operating income−44.13M CNY−56.29M CNY30.72M CNY11M CNY46.51M CNY
Net income−58.53M CNY−75.2M CNY10.08M CNY1.25M CNY20.4M CNY

Company facts updated Aug 25, 2026.

Earnings

Latest EPS result
-0.1

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.06-0.01-0.08-0.14Q2 '21Q4 '21Q2 '22Q4 '22Q2 '23Q2 '24Q2 '24Q2 '25
Q2 2021, reported Jun 30, 2021: actual 0.019, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 0.017, estimate —, surprise —, Comparison unavailable. Q2 2022, reported Jun 30, 2022: actual 0.001, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Dec 31, 2022: actual 0.001, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 30, 2023: actual 0.015, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 18, 2024: actual -0.001, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 30, 2024: actual 0.002, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 18, 2025: actual -0.102, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates567.64M453.86M340.07M226.29MQ2 '21Q4 '21Q2 '22Q4 '22Q2 '23Q2 '24Q2 '24Q2 '25
Q2 2021, reported Jun 30, 2021: actual 385.03M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 544.1M HKD, estimate —, surprise —, Comparison unavailable. Q2 2022, reported Jun 30, 2022: actual 359.01M HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Dec 31, 2022: actual 372.97M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 30, 2023: actual 249.83M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 18, 2024: actual 311.84M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 30, 2024: actual 262.12M HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 18, 2025: actual 336.29M HKD, estimate —, surprise —, Comparison unavailable.

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