GoAI
Get started
Hao Bai International (Cayman) Limited logo

Hao Bai International (Cayman) Limited

8431.HK

HKSEIndustrialsEngineering & Construction

Open in GoAI

Latest quote

HK$1.395

−HK$0.005 · -0.36%

Aug 24, 1:27 PM HKTData delayed

8431.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Hao Bai International (Cayman) Limited operates as an investment holding enterprise, specializing in the conceptualization, acquisition, and installation of various water circulation systems across Hong Kong and Macau. The company's activities are segmented into management contracting, expert advisory, and ongoing maintenance services. Its portfolio of water systems encompasses facilities such as swimming pools, decorative water fountains, and intricate water curtains, among others. Furthermore, it provides comprehensive consulting, servicing, and repair solutions for these specialized water features. Founded in 2006, the firm's main office is situated in Kowloon, Hong Kong. Hao Bai International (Cayman) Limited is a subsidiary entity of Harmony Asia International Limited.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
HK
CEO
Wan Lok Ng
Listed since
May 26, 2017
Employees
11

Market position

Day range

Current HK$1.395

52-week range

Current HK$1.395

Open
HK$1.41
Previous close
HK$1.40
Volume
1.39M
0.55× average
Average volume
2.54M
Average daily volume
Market cap
63.53M HKD
Beta
3.01
Market reference 1
50-day average
HK$1.4407
-3.17% below average
200-day average
HK$0.7437
+87.58% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
24.37M HKD
P/E (TTM)
-10.9×
P/B (TTM)
4.54×
P/S (TTM)
1.95×
EV / EBITDA
-0.66×
Earnings yield
-83.53%
Free cash flow yield
0.00%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
39.18%
Operating margin
-10.06%
Net margin
-15.83%
Return on equity
-218.43%
Return on assets
-65.53%
Return on invested capital
-215.05%

Financial health

Debt / equity
0.25×
Current ratio
1.41×
Altman Z-score
1.95
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 trends86%-117%-319%-522%Gross margin, FY2021: 25.01%Gross margin, FY2022: 22.36%Gross margin, FY2023: 24.89%Gross margin, FY2024: 35.43%Gross margin, FY2025: -5.60%Operating margin, FY2021: -462.91%Operating margin, FY2022: -210.14%Operating margin, FY2023: -29.58%Operating margin, FY2024: 10.89%Operating margin, FY2025: -193.69%Net margin, FY2021: -471.20%Net margin, FY2022: -212.92%Net margin, FY2023: -49.01%Net margin, FY2024: -78.84%Net margin, FY2025: -157.42%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 25.01%. Gross margin FY2022 22.36%. Gross margin FY2023 24.89%. Gross margin FY2024 35.43%. Gross margin FY2025 -5.60%. Operating margin FY2021 -462.91%. Operating margin FY2022 -210.14%. Operating margin FY2023 -29.58%. Operating margin FY2024 10.89%. Operating margin FY2025 -193.69%. Net margin FY2021 -471.20%. Net margin FY2022 -212.92%. Net margin FY2023 -49.01%. Net margin FY2024 -78.84%. Net margin FY2025 -157.42%.

Income trends

Revenue

19.27M HKD-21.38%

Operating income

−37.32M HKD−39.98M HKD

Net income

−30.33M HKD-56.99%
Income trends across reported periods30.69M HKD5.96M HKD−18.77M HKD−43.5M HKDRevenue, FY2021: 6.46M HKDRevenue, FY2022: 15.6M HKDRevenue, FY2023: 21.88M HKDRevenue, FY2024: 24.51M HKDRevenue, FY2025: 19.27M HKDOperating income, FY2021: −29.9M HKDOperating income, FY2022: −32.77M HKDOperating income, FY2023: −6.47M HKDOperating income, FY2024: 2.67M HKDOperating income, FY2025: −37.32M HKDNet income, FY2021: −30.43M HKDNet income, FY2022: −33.21M HKDNet income, FY2023: −10.73M HKDNet income, FY2024: −19.32M HKDNet income, FY2025: −30.33M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 6.46M HKD. Revenue FY2022 15.6M HKD. Revenue FY2023 21.88M HKD. Revenue FY2024 24.51M HKD. Revenue FY2025 19.27M HKD. Operating income FY2021 −29.9M HKD. Operating income FY2022 −32.77M HKD. Operating income FY2023 −6.47M HKD. Operating income FY2024 2.67M HKD. Operating income FY2025 −37.32M HKD. Net income FY2021 −30.43M HKD. Net income FY2022 −33.21M HKD. Net income FY2023 −10.73M HKD. Net income FY2024 −19.32M HKD. Net income FY2025 −30.33M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue19.27M HKD24.51M HKD21.88M HKD15.6M HKD6.46M HKD
Cost of goods sold20.35M HKD15.82M HKD16.44M HKD12.11M HKD4.84M HKD
Gross profit−1.08M HKD8.68M HKD5.45M HKD3.49M HKD1.62M HKD
Selling, general, and administrative36.25M HKD6.01M HKD11.92M HKD36.26M HKD31.51M HKD
Operating expenses36.24M HKD6.01M HKD11.92M HKD36.26M HKD31.51M HKD
Interest income——5K HKD3K HKD9K HKD
Interest expense545K HKD541K HKD384K HKD409K HKD717K HKD
Depreciation and amortization153K HKD983K HKD1.33M HKD373K HKD452K HKD
Operating income−37.32M HKD2.67M HKD−6.47M HKD−32.77M HKD−29.9M HKD
Net income−30.33M HKD−19.32M HKD−10.73M HKD−33.21M HKD−30.43M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-0.4
FY2025
Latest fiscal-year revenue
19.27M HKD
FY2025 · -21.38% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend-0.01-0.15-0.29-0.44FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend26.31M19.09M11.87M4.65MFY21FY22FY23FY24FY25

Corporate actions

Corporate action history

Stock split

Effective Dec 22, 2025

25:19

Stock split

Effective Apr 29, 2025

1:10

Stock split

Effective Jun 6, 2023

257:250

Stock split

Effective Feb 1, 2023

1:10

8431.HK peers

Contemporary Amperex Technology Co., Limited logo

3750.HK

Contemporary Amperex Technology Co., Limited

HK$636.5

-2.45%

CITIC Limited logo

0267.HK

CITIC Limited

HK$13.01

-1.36%

COSCO SHIPPING Holdings Co., Ltd. logo

1919.HK

COSCO SHIPPING Holdings Co., Ltd.

HK$17.86

-0.50%

CK Hutchison Holdings Limited logo

0001.HK

CK Hutchison Holdings Limited

HK$69.45

-1.91%

Techtronic Industries Company Limited logo

0669.HK

Techtronic Industries Company Limited

HK$141.8

-0.98%

MTR Corporation Limited logo

0066.HK

MTR Corporation Limited

HK$33.66

-0.77%

Continue in GoAI

Research 8431.HK

research.disclaimer