Jiu Rong Holdings Limited logo

Jiu Rong Holdings Limited

2358.HK

HKSETechnologyConsumer Electronics

Latest quote

HK$0.012

HK$0.00 · 0.00%

Aug 24, 3:39 PM HKT

2358.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Jiu Rong Holdings Limited, an investment holding company based in Wanchai, Hong Kong, engages in a broad spectrum of activities across six distinct business segments. The company, which operated as Mitsumaru East Kit (Holdings) Limited until its name change in June 2014, is fundamentally involved in the research, development, production, and sale of digital televisions, high-definition liquid crystal display televisions, and set-top boxes, serving both the People's Republic of China and Hong Kong. Its operations are structured around: Digital Video Business: This segment extends beyond hardware to offer integrated telecommunication, television, and internet solutions within the digital audiovisual sector. New Energy Vehicles Business: Encompassing the construction, implementation, and oversight of new energy vehicles, related products, charging infrastructure, and smart management systems, it also provides processing services for EV spare parts. Cloud Ecological Big Data Business: Focused on the application and management of large-scale data systems. Properties Development and Investments: This includes the creation and investment in big data industrial parks, alongside commercial and residential real estate ventures. General Trading: Involved in the buying and selling of electronic applications, their components, and a wide variety of other goods. Additionally, the company manufactures and distributes green energy products.

Industry
Consumer Electronics
Sector
Technology
Headquarters
HK
CEO
Yunxiang Chen
Listed since
Jul 15, 2004
Employees
248

Market position

Day range

Current HK$0.012

52-week range

Current HK$0.012

Open
HK$0.012
Previous close
HK$0.012
Volume
9.35M
1.28× average
Average volume
7.28M
Average daily volume
Market cap
65.66M HKD
Beta
0.16
Market reference 1
50-day average
HK$0.0122
-1.80% below average
200-day average
HK$0.0119
+0.84% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
934.82M HKD
P/E (TTM)
-0.35×
P/B (TTM)
-0.26×
P/S (TTM)
0.25×
EV / EBITDA
-19.38×
Earnings yield
-344.24%
Free cash flow yield
-234.63%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
4.25%
Operating margin
-24.55%
Net margin
-70.77%
Return on equity
73.70%
Return on assets
-11.61%
Return on invested capital
-8.38%

Financial health

Debt / equity
-3.57×
Current ratio
0.33×
Altman Z-score
-1.37
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends23%-15%-53%-91%Gross margin, FY2021: 11.95%Gross margin, FY2022: 10.24%Gross margin, FY2023: 13.09%Gross margin, FY2024: 9.42%Gross margin, FY2025: 4.25%Operating margin, FY2021: 7.26%Operating margin, FY2022: -3.60%Operating margin, FY2023: -38.12%Operating margin, FY2024: -1.35%Operating margin, FY2025: -24.55%Net margin, FY2021: 1.27%Net margin, FY2022: -10.76%Net margin, FY2023: -81.24%Net margin, FY2024: -5.78%Net margin, FY2025: -70.77%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 11.95%. Gross margin FY2022 10.24%. Gross margin FY2023 13.09%. Gross margin FY2024 9.42%. Gross margin FY2025 4.25%. Operating margin FY2021 7.26%. Operating margin FY2022 -3.60%. Operating margin FY2023 -38.12%. Operating margin FY2024 -1.35%. Operating margin FY2025 -24.55%. Net margin FY2021 1.27%. Net margin FY2022 -10.76%. Net margin FY2023 -81.24%. Net margin FY2024 -5.78%. Net margin FY2025 -70.77%.

Income trends

Revenue

266.18M HKD-66.17%

Operating income

−65.34M HKD-513.29%

Net income

−188.37M HKD-314.47%
Income trends across reported periods1.45B HKD782.73M HKD116.43M HKD−549.87M HKDRevenue, FY2021: 1.28B HKDRevenue, FY2022: 837.9M HKDRevenue, FY2023: 471.78M HKDRevenue, FY2024: 786.94M HKDRevenue, FY2025: 266.18M HKDOperating income, FY2021: 93.16M HKDOperating income, FY2022: −30.15M HKDOperating income, FY2023: −179.83M HKDOperating income, FY2024: −10.65M HKDOperating income, FY2025: −65.34M HKDNet income, FY2021: 16.29M HKDNet income, FY2022: −90.15M HKDNet income, FY2023: −383.29M HKDNet income, FY2024: −45.45M HKDNet income, FY2025: −188.37M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.28B HKD. Revenue FY2022 837.9M HKD. Revenue FY2023 471.78M HKD. Revenue FY2024 786.94M HKD. Revenue FY2025 266.18M HKD. Operating income FY2021 93.16M HKD. Operating income FY2022 −30.15M HKD. Operating income FY2023 −179.83M HKD. Operating income FY2024 −10.65M HKD. Operating income FY2025 −65.34M HKD. Net income FY2021 16.29M HKD. Net income FY2022 −90.15M HKD. Net income FY2023 −383.29M HKD. Net income FY2024 −45.45M HKD. Net income FY2025 −188.37M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue266.18M HKD786.94M HKD471.78M HKD837.9M HKD1.28B HKD
Cost of goods sold254.87M HKD712.84M HKD410.04M HKD752.07M HKD1.13B HKD
Gross profit11.32M HKD74.1M HKD61.74M HKD85.83M HKD153.21M HKD
Selling, general, and administrative76.66M HKD84.76M HKD92.22M HKD98.75M HKD88.78M HKD
Operating expenses76.66M HKD84.76M HKD241.56M HKD115.97M HKD60.05M HKD
Interest income24.65M HKD428K HKD6.87M HKD3.73M HKD8.99M HKD
Interest expense55.33M HKD53.31M HKD55.09M HKD56.89M HKD64.51M HKD
Depreciation and amortization67.57M HKD56.75M HKD69.43M HKD69.21M HKD53.08M HKD
Operating income−65.34M HKD−10.65M HKD−179.83M HKD−30.15M HKD93.16M HKD
Net income−188.37M HKD−45.45M HKD−383.29M HKD−90.15M HKD16.29M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.04-0.01-0.06-0.11Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q2 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 0.003, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual -0.004, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual -0.012, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual -0.001, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 14, 2024: actual -0.069, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual -0.004, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 28, 2025: actual -0.005, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1.07B747.89M424.27M100.65MQ2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q2 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 1B HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 281.55M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual 399.99M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 437.91M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 353.37M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 14, 2024: actual 118.41M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 365.6M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 28, 2025: actual 421.35M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.0113

2006 complete year+50.0% since 2005

Corporate action history

Dividend

Ex-dividend Jun 6, 2006

HK$0.0113

Annual

Record Jun 8, 2006 · Payment Jul 3, 2006

Dividend

Ex-dividend May 19, 2005

HK$0.0075

Annual

Record May 23, 2005 · Payment Jun 15, 2005

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