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Crystal International Group Limited logo

Crystal International Group Limited

2232.HK

HKSEConsumer CyclicalApparel - Manufacturers

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Latest quote

HK$7.13

−HK$0.07 · -0.97%

Aug 24, 4:08 PM HKT

2232.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Crystal International Group Limited operates as an investment holding company focusing on the global production and distribution of various clothing items. Its operations extend across the Asia Pacific region, the United States, Europe, and other international markets. The company's extensive product portfolio encompasses lifestyle apparel, denim goods, intimate wear, sweaters, and specialized sportswear and outdoor clothing, all supplied to a diverse range of fashion brands. Established in 1970, the firm adopted its current name, Crystal International Group Limited, in March 2017, having previously been known as Crystal International Limited. Its corporate headquarters are located in Kwun Tong, Hong Kong.

Industry
Apparel - Manufacturers
Sector
Consumer Cyclical
Headquarters
HK
CEO
Ching Leung Lo
Listed since
Nov 3, 2017
Employees
87,000

Market position

Day range

Current HK$7.13

52-week range

Current HK$7.13

Open
HK$7.10
Previous close
HK$7.20
Volume
3.24M
1.07× average
Average volume
3.02M
Average daily volume
Market cap
20.34B HKD
Beta
0.61
Market reference 1
50-day average
HK$6.2061
+14.89% above average
200-day average
HK$6.6206
+7.69% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.11B USD
P/E (TTM)
11.02×
P/B (TTM)
1.59×
P/S (TTM)
0.96×
EV / EBITDA
6.37×
Earnings yield
9.15%
Free cash flow yield
5.04%
Dividend yield
3.44%

Profitability & efficiency

Gross margin
19.75%
Operating margin
10.29%
Net margin
8.68%
Return on equity
13.97%
Return on assets
10.28%
Return on invested capital
12.65%

Financial health

Debt / equity
0.03×
Current ratio
2.34×
Altman Z-score
5.32
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 trends21%16%11%6%Gross margin, FY2021: 19.12%Gross margin, FY2022: 19.17%Gross margin, FY2023: 19.19%Gross margin, FY2024: 19.69%Gross margin, FY2025: 19.82%Operating margin, FY2021: 7.82%Operating margin, FY2022: 8.84%Operating margin, FY2023: 8.64%Operating margin, FY2024: 9.31%Operating margin, FY2025: 10.09%Net margin, FY2021: 6.97%Net margin, FY2022: 6.93%Net margin, FY2023: 7.51%Net margin, FY2024: 8.12%Net margin, FY2025: 8.51%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.12%. Gross margin FY2022 19.17%. Gross margin FY2023 19.19%. Gross margin FY2024 19.69%. Gross margin FY2025 19.82%. Operating margin FY2021 7.82%. Operating margin FY2022 8.84%. Operating margin FY2023 8.64%. Operating margin FY2024 9.31%. Operating margin FY2025 10.09%. Net margin FY2021 6.97%. Net margin FY2022 6.93%. Net margin FY2023 7.51%. Net margin FY2024 8.12%. Net margin FY2025 8.51%.

Income trends

Revenue

2.64B USD+6.95%

Operating income

266.43M USD+15.88%

Net income

224.66M USD+12.05%
Income trends across reported periods2.89B USD1.9B USD906.53M USD−84.7M USDRevenue, FY2021: 2.34B USDRevenue, FY2022: 2.49B USDRevenue, FY2023: 2.18B USDRevenue, FY2024: 2.47B USDRevenue, FY2025: 2.64B USDOperating income, FY2021: 183.03M USDOperating income, FY2022: 220.09M USDOperating income, FY2023: 188.18M USDOperating income, FY2024: 229.93M USDOperating income, FY2025: 266.43M USDNet income, FY2021: 163.11M USDNet income, FY2022: 172.73M USDNet income, FY2023: 163.48M USDNet income, FY2024: 200.5M USDNet income, FY2025: 224.66M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.34B USD. Revenue FY2022 2.49B USD. Revenue FY2023 2.18B USD. Revenue FY2024 2.47B USD. Revenue FY2025 2.64B USD. Operating income FY2021 183.03M USD. Operating income FY2022 220.09M USD. Operating income FY2023 188.18M USD. Operating income FY2024 229.93M USD. Operating income FY2025 266.43M USD. Net income FY2021 163.11M USD. Net income FY2022 172.73M USD. Net income FY2023 163.48M USD. Net income FY2024 200.5M USD. Net income FY2025 224.66M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.64B USD2.47B USD2.18B USD2.49B USD2.34B USD
Cost of goods sold2.12B USD1.98B USD1.76B USD2.01B USD1.89B USD
Gross profit523.57M USD486.22M USD417.78M USD477.62M USD447.61M USD
Research and development34.56M USD32.44M USD32.4M USD34.36M USD31.06M USD
Selling, general, and administrative227.32M USD220.6M USD212.38M USD229.26M USD233.52M USD
Operating expenses257.14M USD253.04M USD233.68M USD258.35M USD263.91M USD
Interest income15.87M USD——6.57M USD6.19M USD
Interest expense12.48M USD11.24M USD13.32M USD10.98M USD7.42M USD
Depreciation and amortization65.15M USD70.95M USD70.95M USD77.59M USD77.78M USD
Operating income266.43M USD229.93M USD188.18M USD220.09M USD183.03M USD
Net income224.66M USD200.5M USD163.48M USD172.73M USD163.11M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.3

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.380.310.240.17Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q2 '25Q1 '26Q3 '26
Q4 2022, reported Dec 31, 2022: actual 0.266, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 30, 2023: actual 0.202, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual 0.246, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 30, 2024: actual 0.23, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual 0.317, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 30, 2025: actual 0.27, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 19, 2026: actual 0.345, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 19, 2026: actual 0.299, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates12.53B10.83B9.13B7.43BQ4 '22No estimateQ2 '23No estimateQ4 '23MissQ2 '24No estimateQ4 '24MissQ2 '25No estimateQ1 '26MissQ3 '26Beat
Q4 2022, reported Dec 31, 2022: actual 9.75B HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 30, 2023: actual 7.91B HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual 9.12B HKD, estimate 9.57B HKD, surprise -4.66%, Miss. Q2 2024, reported Jun 30, 2024: actual 8.54B HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual 10.69B HKD, estimate 10.86B HKD, surprise -1.62%, Miss. Q2 2025, reported Jun 30, 2025: actual 9.65B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 19, 2026: actual 10.99B HKD, estimate 12.05B HKD, surprise -8.79%, Miss. Q3 2026, reported Aug 19, 2026: actual 10.16B HKD, estimate 10.14B HKD, surprise +0.22%, Beat.

Corporate actions

Annual dividends per share

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

HK$0.408

2025 complete year+175.7% since 2021

2026 partial: HK$0.245

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 2, 2026

HK$0.18

Semi-Annual

Record Sep 4, 2026 · Payment Sep 17, 2026

Dividend

Ex-dividend Jun 16, 2026

HK$0.245

Annual

Record Jun 17, 2026 · Payment Jul 3, 2026

Dividend

Ex-dividend Sep 3, 2025

HK$0.163

Annual

Record Sep 4, 2025 · Payment Sep 18, 2025

Dividend

Ex-dividend Jun 18, 2025

HK$0.245

Special

Record Jun 20, 2025 · Payment Jul 4, 2025

Dividend

Ex-dividend Sep 4, 2024

HK$0.138

Semi-Annual

Record Sep 5, 2024 · Payment Sep 20, 2024

Dividend

Ex-dividend Jun 19, 2024

HK$0.13

Semi-Annual

Record Jun 20, 2024 · Payment Jul 5, 2024

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ETFs holding 2232.HK

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

State Street SPDR S&P Emerging Markets Dividend ETF logoState Street SPDR S&P Emerging Markets Dividend ETFEDIV
Market value
3.73M
Weight
0.30%
AUM
1.23B USD
Expense ratio
0.49%
Price / 1D
$42.075-0.20%
Avantis International Small Cap Value ETF logoAvantis International Small Cap Value ETFAVDV
Market value
3.51M
Weight
0.02%
AUM
20.24B USD
Expense ratio
0.36%
Price / 1D
$111.81-0.13%
WisdomTree International SmallCap Dividend Fund logoWisdomTree International SmallCap Dividend FundDLS
Market value
2.24M
Weight
0.21%
AUM
1.06B USD
Expense ratio
0.58%
Price / 1D
$88.90+0.00%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
1.86M
Weight
0.01%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.6247+0.03%
iShares Core MSCI International Developed Markets ETF logoiShares Core MSCI International Developed Markets ETFIDEV
Market value
1.22M
Weight
0.00%
AUM
32.6B USD
Expense ratio
0.04%
Price / 1D
$93.185-0.13%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
1.2M
Weight
0.00%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.76-0.09%
WisdomTree Dynamic International SmallCap Equity ETF logoWisdomTree Dynamic International SmallCap Equity ETFDDLS
Market value
957.55K
Weight
0.21%
AUM
423.98M USD
Expense ratio
0.48%
Price / 1D
$45.95+0.02%
Dimensional - International Core Equity 2 ETF logoDimensional - International Core Equity 2 ETFDFIC
Market value
950.01K
Weight
0.01%
AUM
15.43B USD
Expense ratio
0.22%
Price / 1D
$39.345-0.16%

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