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Sinomax Group Ltd.
(1418)
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Rating:55Neutral
Price Target:
HK$0.12
▼(-46.52% Downside)
Action:Reiterated
Date:09/08/26
The score is held back primarily by weakening financial quality (margin compression, lower ROE, higher leverage, and weaker cash conversion) and bearish technicals (below major moving averages with negative MACD). Valuation is a notable positive with a low P/E and high dividend yield, partially offsetting the fundamental and trend risks.
Positive Factors
Strong 2025 Revenue Rebound
The sharp 2025 revenue rebound demonstrates that Sinomax retains the ability to restore sales growth after weaker periods. Continued demand across foam materials and finished home-comfort products could support better capacity utilization and provide a foundation for earnings recovery over the next several quarters.
Negative Factors
Severe Margin Compression
The substantial decline in net margin leaves Sinomax with a limited earnings buffer and makes results more sensitive to cost and pricing pressure. Persistently thin profitability could restrict reinvestment, weaken resilience during demand fluctuations, and make future earnings recovery harder to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong 2025 Revenue Rebound
The sharp 2025 revenue rebound demonstrates that Sinomax retains the ability to restore sales growth after weaker periods. Continued demand across foam materials and finished home-comfort products could support better capacity utilization and provide a foundation for earnings recovery over the next several quarters.
Read all positive factors
Sinomax Group Ltd. (1418) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$199.50M
Dividend Yield8.77%
Average Volume (3M)197.33K
Price to Earnings (P/E)4.4
Beta (1Y)0.52
Revenue Growth35.18%
EPS Growth-56.12%
CountryHK
Employees4,028
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)0.03
Shares Outstanding1,750,002,100
10 Day Avg. Volume538,000
30 Day Avg. Volume197,333
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)0.40
Price to Sales (P/S)0.09
P/FCF Ratio7.04
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
Sinomax Group Ltd. Business Overview & Revenue Model
Company Description
Sinomax Group Limited functions as an investment holding company, primarily engaged in the manufacturing and distribution of health and household goods, as well as polyurethane foam. The company offers a diverse range of products such as viscoelas...
How the Company Makes Money
Sinomax makes money primarily by manufacturing and selling (1) foam materials and (2) foam-based finished products. A key revenue stream comes from supplying PU foam (and related foam components) to business customers that incorporate these materi...
Sinomax Group Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
55
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.38B | 4.70B | 4.09B | 3.61B | 3.17B | 4.26B |
| Gross Profit | 1.34B | 1.10B | 1.05B | 919.72M | 586.55M | 716.95M |
| EBITDA | 282.87M | 222.55M | 324.37M | 320.07M | 163.28M | 234.82M |
| Net Income | 45.20M | 60.30M | 138.07M | 62.59M | -35.97M | 15.30M |
Balance Sheet | ||||||
| Total Assets | 3.16B | 3.24B | 2.56B | 2.41B | 2.24B | 2.83B |
| Cash, Cash Equivalents and Short-Term Investments | 262.94M | 386.86M | 262.44M | 309.92M | 168.96M | 229.71M |
| Total Debt | 1.00B | 1.06B | 743.79M | 722.62M | 822.00M | 944.87M |
| Total Liabilities | 2.06B | 2.16B | 1.56B | 1.49B | 1.35B | 1.82B |
| Stockholders Equity | 1.06B | 1.03B | 973.71M | 925.76M | 895.20M | 992.82M |
Cash Flow | ||||||
| Free Cash Flow | 37.13M | 57.95M | 184.10M | 358.11M | 98.55M | 69.70M |
| Operating Cash Flow | 120.93M | 150.74M | 249.94M | 420.35M | 149.60M | 118.34M |
| Investing Cash Flow | -150.13M | -156.86M | -82.70M | -49.46M | -20.79M | 28.19M |
| Financing Cash Flow | -54.40M | 115.45M | -214.09M | -231.43M | -191.18M | -55.86M |
Sinomax Group Ltd. Technical Analysis
Negative
0.23
Price Trends
0.14
Negative
0.15
Negative
0.18
Negative
Market Momentum
>-0.01
Positive
24.38
Positive
29.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1418, the sentiment is Negative. The current price of 0.23 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.14, and above the 200-day MA of 0.18, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 24.38 is Positive, neither overbought nor oversold. The STOCH value of 29.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1418.
Sinomax Group Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$11.17B | 5.91 | 13.03% | 8.63% | -2.80% | -12.13% | |
63 Neutral | HK$466.88M | 10.54 | 5.15% | 6.77% | -8.88% | -4.52% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | HK$199.50M | 4.42 | 4.32% | 8.77% | 35.18% | -56.12% | |
42 Neutral | HK$223.48M | -0.28 | -164.30% | 0.68% | -29.60% | -51.87% | |
41 Neutral | HK$76.58M | -0.04 | -38.45% | 3.07% | ― | ― | |
40 Underperform | HK$140.01M | -1.37 | 26.53% | 7.98% | -59.38% | -200.00% |
* Consumer Cyclical Sector Average
HK:1418
Sinomax Group Ltd.
0.11
-0.12
-50.43%
HK:1373
International Housewares Retail Co
0.67
-0.13
-15.93%
HK:1999
Man Wah Holdings
2.78
-1.59
-36.44%
HK:1198
Royale Home Holdings Limited
0.09
-0.15
-63.04%
HK:1575
Morris Home Holdings Limited
0.04
>-0.01
-13.95%
HK:2127
Huisen Household International Group Limited
0.02
0.00
0.00%
Sinomax Group Ltd. Corporate Events
Sinomax Delivers Strong Revenue Growth But Profit Slides on Rising Costs
Aug 25, 2026
Sinomax Group Limited reported a strong top-line performance for the six months ended 30 June 2026, with revenue rising 36.2% year on year to HK$2,576.3 million and gross profit surging 53.9% to HK$680.7 million. These figures underscore robust de...
Sinomax flags profit decline as expansion costs and supply shocks bite
Aug 6, 2026
Sinomax Group has warned that its unaudited net profit for the six months ended 30 June 2026 is expected to decline to about HK$20 million from HK$30.4 million a year earlier, despite revenue growth. The company attributes the profit contraction t...
Sinomax sets August board meeting to approve interim results and consider dividend
Aug 3, 2026
Sinomax Group Limited has scheduled a board meeting for 25 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026, and to authorize their publication. The board will also consider the potential paymen...
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.