Raymond Industrial Limited (0229) AI Stock Analysis

• Market Cap: HK$426.13M
• Dividend Yield: 14.89%
• Average Volume (3M): 129.27K
• Price to Earnings (P/E): 9.4
• Beta (1Y): 0.04
• Revenue Growth: -21.06%
• EPS Growth: -33.38%
• Country: HK
• Employees: 2,646
• Sector: Industrials
• Sector Strength: 92
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 0.09
• Shares Outstanding: 501,324,860
• 10 Day Avg. Volume: 165,600
• 30 Day Avg. Volume: 129,266
• PEG Ratio: -0.57
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 13.46
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 67 Neutral
• Price Target: ―

Raymond Industrial Limited's overall score reflects a solid balance sheet with no debt, but declining profitability and cash flow issues pose significant challenges. The technical indicators suggest potential near-term volatility, while the attractive valuation, highlighted by a low P/E ratio and high dividend yield, offers a silver lining for investors seeking value and income.

Raymond Industrial Limited Business Overview & Revenue Model

Company Description

Raymond Industrial Limited (0229) is a Hong Kong-based company primarily engaged in the design, manufacture, and distribution of electrical home appliances. The company's product portfolio includes a diverse range of household items, such as kitchen appliances, personal care devices, and other consumer electronics. Raymond Industrial Limited is known for its commitment to quality and innovation, catering to both domestic and international markets.

How the Company Makes Money

Raymond Industrial Limited generates revenue through the sale of its electrical home appliances. The company manufactures these products and distributes them to various customers, including retail chains, distributors, and direct consumers. Revenue streams are primarily derived from domestic sales in Hong Kong and international markets, where the company has established a presence. Partnerships with retailers and distributors play a significant role in enhancing the company's market reach and sales volume. Additionally, the company's focus on product development and innovation helps maintain its competitive edge, contributing to sustained revenue growth.

Raymond Industrial Limited Financial Statement Overview

Summary

Raymond Industrial Limited exhibits a stable balance sheet with zero debt and strong solvency. However, income statement metrics indicate declining profitability and operational efficiency, while cash flow challenges highlight liquidity concerns. The overall financial health reflects a need for strategic improvements to enhance profitability and cash generation.

Income Statement

The company has shown inconsistent revenue growth, with a decline noted in the most recent year compared to the prior year. Gross profit margin remains fairly stable but has decreased slightly, indicating pressure on profitability. The net profit margin decreased significantly in 2024, reflecting challenges in maintaining profitability. EBIT and EBITDA margins have also declined, suggesting operational inefficiencies or increased costs.

Balance Sheet

The company maintains a robust equity position with zero debt, resulting in a debt-to-equity ratio of 0, which is a strong point. However, the return on equity has decreased, indicating lower profitability on shareholders' investments. The equity ratio remains stable, showing strong solvency and low financial risk.

Cash Flow

Operating cash flow to net income ratio is unavailable due to zero operating cash flow, raising concerns about cash generation capabilities. The free cash flow growth rate is negative from the previous year, indicating reduced cash available for reinvestment or distribution. The absence of positive free cash flow in 2024 suggests potential liquidity challenges.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.08B	1.36B	1.06B	1.43B	1.29B
	Gross Profit
149.46M	183.72M	129.99M	172.33M	190.38M
	EBIT
-13.69M	28.33M	25.34M	46.83M	80.94M
	EBITDA
53.15M	80.90M	56.91M	80.30M	114.12M
	Net Income Common Stockholders
45.22M	67.87M	30.50M	41.96M	63.22M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
354.33M	367.42M	334.38M	244.80M	291.89M
	Total Assets
880.24M	891.05M	854.14M	956.88M	958.82M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-349.13M	-367.42M	-334.38M	-244.80M	-291.89M
	Total Liabilities
204.48M	217.51M	208.27M	286.05M	303.60M
	Stockholders Equity
675.76M	673.54M	645.87M	670.83M	655.22M
Cash Flow		Free Cash Flow
0.00	51.24M	116.80M	-13.10M	64.40M
	Operating Cash Flow
89.11M	91.75M	136.91M	19.09M	79.91M
	Investing Cash Flow
0.00	-23.66M	-16.55M	-31.51M	-12.62M
	Financing Cash Flow
0.00	-35.10M	-29.96M	-35.42M	-29.67M

Raymond Industrial Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0229, the sentiment is Positive. The current price of 0.85 is above the 20-day moving average (MA) of 0.83, above the 50-day MA of 0.81, and above the 200-day MA of 0.83, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 56.76 is Neutral, neither overbought nor oversold. The STOCH value of 3.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0229.

Raymond Industrial Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0669	78 Outperform	$165.66B	18.90	18.52%	2.29%	6.13%	14.88%
0229	67 Neutral	HK$426.13M	9.42	6.70%	14.89%	-21.06%	-33.38%
Sector *	64 Neutral	$4.39B	11.81	5.20%	249.38%	3.96%	-12.36%
1003	43 Neutral	HK$1.44B	―		―	―	―
1198	42 Neutral	HK$688.62M	―		3.85%	―	―

Raymond Industrial Limited Corporate Events

Raymond Industrial Limited Announces AGM and Key Resolutions for 2025

Raymond Industrial Limited has announced its upcoming Annual General Meeting (AGM) scheduled for May 20, 2025, in Hong Kong. Key agenda items include the adoption of financial statements for 2024, the declaration of final and special dividends, re-election of directors, and the re-appointment of RSM Hong Kong as auditors. Additionally, the company seeks approval to allot and issue additional shares, which could impact its market operations and shareholder value.

Raymond Industrial Limited Reports 2024 Financial Results

Raymond Industrial Limited announced its audited financial results for the year ending December 31, 2024, reporting a decrease in revenue to HK$1,075,732,000 from HK$1,362,732,000 in 2023. The company’s profit attributable to shareholders also fell to HK$45,219,000 from HK$67,871,000 the previous year. Despite the decline in revenue and profit, the company achieved a revaluation gain from transferring property, plant, and equipment to investment properties, contributing to a total comprehensive income of HK$72,406,000, up from HK$62,768,000 in 2023.

Raymond Industrial Limited Announces Final Dividend for 2024

Raymond Industrial Limited has announced a final cash dividend of HKD 0.02 per share for the financial year ending December 31, 2024. The dividend will be paid on June 9, 2025, following shareholder approval on May 20, 2025. The ex-dividend date is set for May 22, 2025, with a record date of May 28, 2025. This announcement reflects the company’s commitment to returning value to its shareholders, potentially impacting investor sentiment and market positioning.

Raymond Industrial Limited Declares Special Cash Dividend

Raymond Industrial Limited has announced a special cash dividend of HKD 0.06 per share for the financial year ending December 31, 2024. This announcement, made on March 28, 2025, outlines key dates for shareholders, including the ex-dividend date on May 22, 2025, and the payment date on June 9, 2025. The decision reflects the company’s financial performance and commitment to returning value to its shareholders.

Raymond Industrial Limited to Review 2024 Financial Results and Dividend

Raymond Industrial Limited has announced a board meeting scheduled for March 28, 2025, where the directors will discuss and approve the audited final results for the year ending December 31, 2024, and consider the payment of a final dividend. This meeting is significant as it will provide insights into the company’s financial health and potential returns for shareholders, impacting its market positioning and stakeholder interests.