China Hongguang Holdings Limited logo

China Hongguang Holdings Limited

8646.HK

HKSEBasic MaterialsConstruction Materials

Latest quote

HK$0.208

−HK$0.018 · -7.96%

Aug 24, 4:08 PM HKT

8646.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Hongguang Holdings Limited functions as an investment holding enterprise, primarily engaged in the manufacturing and distribution of architectural glass solutions throughout the People's Republic of China. The company's offerings include a range of safety glass products, such as coated, insulating, laminated, and tempered glass, alongside advanced smart glass technology like dimming glass, all marketed under the Hongguang brand. This firm was established in 1992 and its main corporate office is located in Jieyang, PRC.

Industry
Construction Materials
Sector
Basic Materials
Headquarters
CN
CEO
Jiakun Wei
Listed since
Jan 13, 2020
Employees
50

Market position

Day range

Current HK$0.208

52-week range

Current HK$0.208

Open
HK$0.229
Previous close
HK$0.226
Volume
2.9M
0.5× average
Average volume
5.81M
Average daily volume
Market cap
161.82M HKD
Beta
-0.42
Market reference 1
50-day average
HK$0.2462
-15.52% below average
200-day average
HK$0.2323
-10.46% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
113.23M CNY
P/E (TTM)
1.73×
P/B (TTM)
0.27×
P/S (TTM)
0.57×
EV / EBITDA
1.51×
Earnings yield
59.81%
Free cash flow yield
-14.24%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
30.51%
Operating margin
28.40%
Net margin
23.51%
Return on equity
12.25%
Return on assets
10.11%
Return on invested capital
11.49%

Financial health

Debt / equity
0.11×
Current ratio
Altman Z-score
3.23
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 trends33%24%15%6%Gross margin, FY2021: 28.32%Gross margin, FY2022: 31.23%Gross margin, FY2023: 29.36%Gross margin, FY2024: 26.06%Gross margin, FY2025: 30.51%Operating margin, FY2021: 22.98%Operating margin, FY2022: 20.99%Operating margin, FY2023: 20.24%Operating margin, FY2024: 11.46%Operating margin, FY2025: 28.40%Net margin, FY2021: 19.20%Net margin, FY2022: 16.56%Net margin, FY2023: 16.45%Net margin, FY2024: 8.73%Net margin, FY2025: 23.51%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 28.32%. Gross margin FY2022 31.23%. Gross margin FY2023 29.36%. Gross margin FY2024 26.06%. Gross margin FY2025 30.51%. Operating margin FY2021 22.98%. Operating margin FY2022 20.99%. Operating margin FY2023 20.24%. Operating margin FY2024 11.46%. Operating margin FY2025 28.40%. Net margin FY2021 19.20%. Net margin FY2022 16.56%. Net margin FY2023 16.45%. Net margin FY2024 8.73%. Net margin FY2025 23.51%.

Income trends

Revenue

242.58M CNY+0.16%

Operating income

68.88M CNY+148.22%

Net income

57.04M CNY+169.81%
Income trends across reported periods264.72M CNY176.15M CNY87.57M CNY−1M CNYRevenue, FY2021: 203.07M CNYRevenue, FY2022: 208.66M CNYRevenue, FY2023: 217.14M CNYRevenue, FY2024: 242.2M CNYRevenue, FY2025: 242.58M CNYOperating income, FY2021: 46.66M CNYOperating income, FY2022: 43.79M CNYOperating income, FY2023: 43.95M CNYOperating income, FY2024: 27.75M CNYOperating income, FY2025: 68.88M CNYNet income, FY2021: 39M CNYNet income, FY2022: 34.56M CNYNet income, FY2023: 35.73M CNYNet income, FY2024: 21.14M CNYNet income, FY2025: 57.04M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 203.07M CNY. Revenue FY2022 208.66M CNY. Revenue FY2023 217.14M CNY. Revenue FY2024 242.2M CNY. Revenue FY2025 242.58M CNY. Operating income FY2021 46.66M CNY. Operating income FY2022 43.79M CNY. Operating income FY2023 43.95M CNY. Operating income FY2024 27.75M CNY. Operating income FY2025 68.88M CNY. Net income FY2021 39M CNY. Net income FY2022 34.56M CNY. Net income FY2023 35.73M CNY. Net income FY2024 21.14M CNY. Net income FY2025 57.04M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue242.58M CNY242.2M CNY217.14M CNY208.66M CNY203.07M CNY
Cost of goods sold168.57M CNY179.09M CNY153.38M CNY143.49M CNY145.57M CNY
Gross profit74.01M CNY63.12M CNY63.76M CNY65.17M CNY57.5M CNY
Research and development9.94M CNY11.41M CNY8.41M CNY11.01M CNY9.01M CNY
Selling, general, and administrative7.9M CNY41.55M CNY21.88M CNY24.63M CNY13.98M CNY
Operating expenses5.13M CNY35.37M CNY19.81M CNY21.38M CNY10.85M CNY
Interest income1K CNY2K CNY12K CNY12K CNY6K CNY
Interest expense3.15M CNY4.13M CNY4.4M CNY4.4M CNY3.07M CNY
Depreciation and amortization5.87M CNY9.67M CNY9.78M CNY9.65M CNY7.74M CNY
Operating income68.88M CNY27.75M CNY43.95M CNY43.79M CNY46.66M CNY
Net income57.04M CNY21.14M CNY35.73M CNY34.56M CNY39M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.03

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.080.060.030Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25
Q2 2023, reported May 16, 2023: actual 0.023, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 15, 2023: actual 0.024, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 14, 2023: actual 0.002, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual 0.043, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 28, 2024: actual 0.011, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 31, 2024: actual 0.011, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 15, 2024: actual 0.014, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 0.034, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates118.95M89.93M60.9M31.88MQ2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25
Q2 2023, reported May 16, 2023: actual 47.61M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 15, 2023: actual 41.57M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 14, 2023: actual 37.5M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual 112.92M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 28, 2024: actual 44.82M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 31, 2024: actual 44.48M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 15, 2024: actual 88.17M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 38.54M HKD, estimate —, surprise —, Comparison unavailable.

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