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Kingdom Holdings Limited (0528) AI Stock Analysis
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Kingdom Holdings Limited
(HKEX:0528)
The overall score reflects a balance of moderate but improving financial health and supportive valuation, reinforced by constructive technical momentum. The most significant driver is the financial recovery in 2025—rising revenue, better gross margins, stronger operating and free cash flow, and reduced leverage—tempered by a history of profit volatility and thin margins in a cyclical apparel-related business. Valuation adds meaningful support, with a modest P/E and near-5% dividend yield offering compensation for these risks. Technical factors are also favorable, with the share price above key moving averages, positive MACD, and firm but not overbought momentum, suggesting the market is recognizing the improvement without signaling a speculative excess.
Kingdom Holdings Limited (0528) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 758.23M
- Dividend Yield
- 4.88%
- Average Volume (3M)
- 56.00K
- Price to Earnings (P/E)
- 2.2
- Beta (1Y)
- 0.22
- Revenue Growth
- 4.20%
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 3,540
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Manufacturing - Textiles
Kingdom Holdings Limited Business Overview & Revenue Model
Company Description
Kingdom Holdings Limited operates as an investment holding company primarily focused on the global production and distribution of linen yarns, with significant markets in mainland China, the European Union, and internationally. Its extensive product...
How the Company Makes Money
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Kingdom Holdings Limited Financial Statement Overview
Summary
Financial performance is moderately strong, with revenue recovering from 2020 lows to 2.61B in 2025 and improved gross margin of 10% versus 6% the prior year, showing better cost control. Net margin and ROE are volatile, swinging from losses in 2020 and 2024 to peaks in 2022 and a modest 2.3% margin and 4.3% ROE in 2025, which limits the score. Cash flow has rebounded sharply, with 2025 operating cash flow at 702M and free cash flow up 87% to 656M, nearly matching net income, indicating healthy cash conversion. The balance sheet is relatively solid, with equity stable around 1.4–1.5B and debt-to-equity improving to 0.54 from a 0.73 peak, reducing leverage risk but still exposed to cyclical profit swings.
Income Statement
65PositiveBalance Sheet
72PositiveCash Flow
68Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.73B | 2.68B | 2.57B | 2.45B | 2.02B | 1.80B |
| Gross Profit | 573.30M | 267.82M | 153.27M | 411.49M | 386.90M | 291.58M |
| EBITDA | 526.66M | 231.27M | 111.85M | 364.65M | 336.64M | 252.77M |
| Net Income | 290.17M | 62.37M | -45.38M | 163.61M | 175.70M | 88.22M |
Balance Sheet | ||||||
| Total Assets | 3.30B | 3.11B | 3.12B | 3.28B | 2.90B | 2.79B |
| Cash, Cash Equivalents and Short-Term Investments | 430.80M | 614.60M | 230.87M | 476.02M | 480.29M | 263.12M |
| Total Debt | 830.71M | 771.90M | 1.02B | 869.53M | 752.90M | 885.79M |
| Total Liabilities | 1.73B | 1.62B | 1.64B | 1.70B | 1.42B | 1.44B |
| Stockholders Equity | 1.51B | 1.43B | 1.40B | 1.52B | 1.41B | 1.27B |
Cash Flow | ||||||
| Free Cash Flow | 74.67M | 656.06M | -272.15M | -26.31M | 400.29M | 240.28M |
| Operating Cash Flow | 119.80M | 702.43M | -220.70M | 70.04M | 450.18M | 358.84M |
| Investing Cash Flow | -47.55M | -42.90M | -47.33M | -97.35M | -24.58M | -116.55M |
| Financing Cash Flow | -234.27M | -320.79M | 61.38M | 14.40M | -204.38M | -150.24M |
Kingdom Holdings Limited Peers Comparison
Overall Rating
HK:330691Outperform- HK:052873Outperform
HK:123469Neutral
HK:229860Neutral
HK:031150Neutral
HK:203048Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:3306 | 91Outperform | HKD 11.32B | 9.85 | 36.49% | 6.06% | 12.46% | 13.93% |
| HK:0528 | 73Outperform | HKD 758.23M | 2.22 | 19.74% | 4.88% | 4.20% | ― |
| HK:1234 | 69Neutral | HKD 3.13B | 5.55 | 11.18% | 9.94% | 20.57% | 16.02% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| HK:2298 | 60Neutral | HKD 559.32M | 3.81 | 5.83% | 6.27% | -1.84% | 29.22% |
| HK:0311 | 50Neutral | HKD 341.26M | 4.04 | 6.65% | 7.61% | 0.41% | ― |
| HK:2030 | 48Neutral | HKD 782.25M | 19.20 | 2.55% | 1.98% | 5.77% | 22.13% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0528 | Kingdom Holdings Limited | 1.23 | 0.14 | 12.95% | |
| HK:3306 | JNBY Design | 22.06 | 6.29 | 39.87% | |
| HK:0311 | Luen Thai Holdings Limited | 0.33 | 0.11 | 49.32% | |
| HK:1234 | China Lilang Ltd. | 2.62 | -0.50 | -15.97% | |
| HK:2030 | Cabbeen Fashion Limited | 1.17 | -0.34 | -22.62% | |
| HK:2298 | Cosmo Lady (China) Holdings Co. Ltd. | 0.26 | -0.08 | -23.65% |
Kingdom Holdings Limited Corporate Events
Kingdom Holdings Signals Strong Interim Profit on Linen Market Recovery
Kingdom Holdings Limited expects to report a net profit of at least RMB100 million for the six months ended 30 June 2026, marking a sharp turnaround from a net loss of about RMB121.5 million a year earlier. The profit attributable to owners of the pa...
Kingdom Holdings Shareholders Unanimously Approve 2025 Results, Dividend and Board Re‑election
Kingdom Holdings Limited, a Cayman Islands–incorporated company carrying on business in Hong Kong as Kingdom (Cayman) Limited, is listed on the Hong Kong Stock Exchange under stock code 528. Its corporate structure positions it within Hong Kong...
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.
Date of analysis: Aug 06, 2026