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Raymond Industrial Limited
(0229)
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Rating:61Neutral
Price Target:
HK$0.87
▼(-6.45% Downside)
Action:Downgraded
Date:09/09/26
The score is mainly supported by strong financial stability from a debt-free balance sheet, but is held back by uneven operating/cash-flow performance and a very high P/E valuation. Technically, the stock shows some short-term improvement but lacks confirmation from longer-term trend and MACD momentum.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet reduces financial risk and preserves flexibility for investment, dividends, or resilience during weaker trading conditions. Stable equity and minimal leverage also lessen refinancing pressure, supporting the company’s ability to manage its operations over the next several quarters.
Negative Factors
Volatile revenue trend
The uneven revenue pattern reduces visibility into the company’s underlying growth trajectory and makes planning more difficult. A sharp decline followed by only a modest recovery suggests demand or operating conditions have not yet produced a dependable expansion trend over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces financial risk and preserves flexibility for investment, dividends, or resilience during weaker trading conditions. Stable equity and minimal leverage also lessen refinancing pressure, supporting the company’s ability to manage its operations over the next several quarters.
Read all positive factors
Raymond Industrial Limited (0229) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$383.51M
Dividend Yield8.48%
Average Volume (3M)54.40K
Price to Earnings (P/E)121.3
Beta (1Y)0.22
Revenue Growth-3.83%
EPS Growth-93.40%
CountryHK
Employees2,646
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)<0.01
Shares Outstanding501,324,860
10 Day Avg. Volume41,000
30 Day Avg. Volume54,400
Financial Highlights & Ratios
PEG Ratio3.82
Price to Book (P/B)0.70
Price to Sales (P/S)0.43
P/FCF Ratio-199.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Raymond Industrial Limited Business Overview & Revenue Model
Company Description
Raymond Industrial Limited, alongside its subsidiaries, is actively involved in the global manufacturing and distribution of electrical household appliances. The company maintains an extensive market presence across various international territori...
Raymond Industrial Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
90
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.04B | 1.08B | 1.08B | 1.36B | 1.06B | 1.43B |
| Gross Profit | 103.87M | 139.48M | 149.46M | 183.72M | 129.99M | 172.33M |
| EBITDA | 24.50M | 56.76M | 55.73M | 80.90M | 65.92M | 80.74M |
| Net Income | 3.35M | 46.41M | 45.22M | 67.87M | 30.50M | 41.96M |
Balance Sheet | ||||||
| Total Assets | 898.16M | 907.57M | 880.24M | 891.05M | 854.14M | 956.88M |
| Cash, Cash Equivalents and Short-Term Investments | 253.95M | 285.59M | 354.33M | 367.42M | 334.38M | 244.80M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 245.27M | 238.81M | 204.48M | 217.51M | 208.27M | 286.05M |
| Stockholders Equity | 652.89M | 668.76M | 675.76M | 673.54M | 645.87M | 670.83M |
Cash Flow | ||||||
| Free Cash Flow | -20.30M | -2.36M | 33.95M | 51.24M | 116.80M | -13.10M |
| Operating Cash Flow | 16.90M | 48.90M | 71.88M | 91.75M | 136.91M | 19.09M |
| Investing Cash Flow | -33.05M | -52.89M | -20.52M | -23.66M | -16.55M | -31.51M |
| Financing Cash Flow | -20.16M | -60.14M | -70.16M | -35.10M | -29.96M | -35.42M |
Raymond Industrial Limited Technical Analysis
Neutral
0.93
Price Trends
0.81
Positive
0.83
Negative
0.87
Negative
Market Momentum
>-0.01
Negative
66.83
Neutral
36.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0229, the sentiment is Neutral. The current price of 0.93 is above the 20-day moving average (MA) of 0.78, above the 50-day MA of 0.81, and above the 200-day MA of 0.87, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 66.83 is Neutral, neither overbought nor oversold. The STOCH value of 36.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0229.
Raymond Industrial Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | HK$757.13B | 14.41 | 19.96% | 5.00% | 9.41% | 6.11% | |
73 Outperform | HK$217.15B | 10.93 | 14.77% | 6.22% | 0.59% | -6.14% | |
63 Neutral | HK$473.95M | 10.54 | 5.15% | 6.77% | -8.88% | -4.52% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$383.51M | 121.32 | 0.51% | 8.48% | -3.83% | -93.40% | |
56 Neutral | HK$5.33B | 15.47 | 8.56% | 3.47% | 0.39% | ― | |
52 Neutral | HK$314.51M | -17.19 | -0.49% | 414.85% | 4.73% | 76.27% |
* Consumer Cyclical Sector Average
HK:0229
Raymond Industrial Limited
0.83
-0.05
-6.14%
HK:1373
International Housewares Retail Co
0.67
-0.13
-15.93%
HK:1691
JS Global Lifestyle Company Limited
1.57
-0.37
-18.91%
HK:2222
NVC International Holdings Ltd.
0.62
-0.19
-23.46%
HK:6690
Haier Smart Home Co., Ltd. Class H
21.22
-2.82
-11.74%
HK:0300
Midea Group Co. Ltd. Class H
98.35
16.45
20.08%
Raymond Industrial Limited Corporate Events
Raymond Industrial Reshapes Board with New Independent Director
Sep 1, 2026
Raymond Industrial Limited announced the resignation of independent non-executive director Mr. Lo Kwong Shun Wilson, who also served on its audit committee and chaired both the remuneration and nomination committees, effective 1 September 2026 so ...
Raymond Industrial Updates Board and Key Committee Structure
Sep 1, 2026
Raymond Industrial Limited has disclosed the current composition of its board of directors, naming its chairman, vice-chairman, executive, non-executive and independent non-executive directors as part of a governance update. The announcement under...
Raymond Industrial Grants 14.1 Million Share Options Under 2024 Scheme
Aug 26, 2026
Raymond Industrial Limited has granted 14.1 million share options under its 2024 Share Option Scheme to directors, employees and key service providers, with an exercise price of HK$0.79 per share and a 10-year exercise period. The options, which f...
Raymond Industrial Swings to Interim Loss on Lower Revenue and Margins
Aug 21, 2026
Raymond Industrial Limited reported unaudited interim results for the six months ended 30 June 2026, showing revenue of HK$488.9 million, down from HK$530.7 million a year earlier. The company moved from a profit of HK$32.5 million to a loss of HK...
Raymond Industrial Declares Interim Dividend for First Half of 2026
Aug 21, 2026
Raymond Industrial Limited has declared an interim ordinary cash dividend of HKD 0.01 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The ex-dividend date is set for 10 September 2026, with the reco...
Raymond Industrial Sets Board Meeting to Review Interim Results and Dividend
Aug 10, 2026
Raymond Industrial Limited has scheduled a board meeting for 21 August 2026 in Hong Kong to review and approve the interim financial results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend...
Raymond Industrial Issues Profit Warning as Geopolitical and Cost Pressures Bite
Aug 3, 2026
Raymond Industrial Limited has warned that it expects to post a loss of between HK$10 million and HK$11 million for the six months ended 30 June 2026, reversing from an unaudited net profit of HK$32.5 million a year earlier. The board has urged sh...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.