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Mulsanne Group Holding Limited (1817) AI Stock Analysis

HK:1817

Mulsanne Group Holding Limited

(HKEX:1817)

Select Model
Rating:69Neutral
Price Target:HKD 0.59â–¼(-0.67% Downside)
Action:reiterated
Date:10/23/26

The score is supported primarily by improving cash generation and sharply reduced leverage, while persistent revenue declines and thin profitability remain significant risks. Positive technical momentum and a reasonable P/E provide secondary support.

Positive Factors
Sustained profitability recoveryThe company has moved from losses in 2020–2021 to consistent profitability through 2025, indicating a more resilient operating base. Gross margin near 50% provides a meaningful buffer for reinvestment and helps support earnings durability if revenue remains broadly stable.
Negative Factors
Persistent revenue contractionBroadly flat-to-down revenue, culminating in a 6.9% decline in 2025, limits operating leverage and indicates that profitability improvement is not being driven by sustained demand expansion. Continued weak sales would constrain scale benefits and make future earnings more dependent on cost control.

Mulsanne Group Holding Limited (1817) vs. iShares MSCI Hong Kong ETF (EWH)

-50%-25%0%25%50%75%HK:1817+65.28%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 565.25M
Dividend Yield
―
Average Volume (3M)
211.81K
Price to Earnings (P/E)
10.4
Beta (1Y)
0.06
Revenue Growth
-2.20%
EPS Growth
40.79%
Country
Hong Kong
Employees
386
Sector
Consumer Cyclical
Sector Strength
61
Industry
Apparel - Retail

Mulsanne Group Holding Limited Business Overview & Revenue Model

Company Description

Mulsanne Group Holding Limited functions as an investment holding company, primarily involved in the creation, promotion, and sale of clothing for men, women, and children throughout Mainland China and Macau. Its product range also encompasses sports...

How the Company Makes Money

null

Mulsanne Group Holding Limited Financial Statement Overview

Summary

Financial performance is moderate: strong cash-flow improvement and substantial deleveraging are offset by declining revenue and a very low 1.5% net profit margin.

Income Statement

45Neutral

Balance Sheet

65Positive

Cash Flow

75Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.02B2.06B2.27B2.33B2.33B2.70B
Gross Profit1.06B1.05B1.20B1.21B1.14B1.33B
EBITDA242.71M237.05M245.87M299.51M229.73M139.85M
Net Income44.26M31.62M30.95M39.57M12.43M-89.68M
Balance Sheet
Total Assets1.88B1.95B2.61B3.01B3.52B3.02B
Cash, Cash Equivalents and Short-Term Investments240.14M203.90M186.89M192.42M252.19M677.23M
Total Debt540.92M680.84M1.12B1.45B1.97B1.30B
Total Liabilities1.09B1.18B1.88B2.30B2.83B2.28B
Stockholders Equity790.31M769.47M735.49M710.80M684.40M733.32M
Cash Flow
Free Cash Flow436.13M232.82M38.85M212.00M130.62M28.05M
Operating Cash Flow499.39M320.21M171.68M297.78M244.71M177.73M
Investing Cash Flow-62.93M-86.78M-106.38M-114.11M-126.09M-169.15M
Financing Cash Flow-439.93M-237.66M-69.03M-242.27M-563.79M-97.40M

Mulsanne Group Holding Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price0.59

Price Trends

50DMA0.38Positive
100DMA0.31Positive
200DMA0.29Positive

Market Momentum

MACD0.06Positive
RSI59.60Neutral
STOCH57.04Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1817, the sentiment is Positive. The current price of 0.59 is above the 20-day moving average (MA) of 0.55, above the 50-day MA of 0.38, and above the 200-day MA of 0.29, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 59.60 is Neutral, neither overbought nor oversold. The STOCH value of 57.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1817.

Mulsanne Group Holding Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:1817 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0709HK:070972OutperformHKD 2.01B9.8710.15%10.52%-2.94%-6.03%
HK:1817HK:181769NeutralHKD 565.25M10.435.68%―-2.20%40.79%
HK:2528HK:252865NeutralHKD 268.00M3.0437.98%―-7.53%―
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
HK:0375HK:037554NeutralHKD 172.50M-4.61-9.78%9.62%-9.42%-58.91%
HK:0330HK:033043NeutralHKD 113.23M-1.03-104.84%―――
HK:0483HK:048340UnderperformHKD 63.19M-20.72-1.77%―-8.90%-126.10%

* Consumer Cyclical Sector Average

Performance Comparison

0%100%200%HK:1817HK:0330HK:0709HK:2528HK:0375HK:0483Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1817 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1817Mulsanne Group Holding Limited0.590.2365.28%
HK:0330Esprit Holdings Limited0.40-0.89-68.99%
HK:0709Giordano International 1.25-0.11-8.32%
HK:2528Forward Fashion (International) Holdings Company Limited0.670.41157.69%
HK:0375YGM Trading Limited1.040.1313.66%
HK:0483Bauhaus International (Holdings) Ltd.0.17-0.14-44.52%

Mulsanne Group Holding Limited Corporate Events

Mulsanne Group Lifts Profit and Cash Flow on Margin Gains and Cost Controls

Aug 26, 2026

Mulsanne Group Holding Limited reported that for the six months ended 30 June 2026, gross profit rose 3.7% year on year to approximately RMB537.0 million and gross margin improved to 56.6%, driven by lower discounting, an optimized product mix and sa...

Mulsanne Group Flags Triple-Digit Profit Growth on Marketing Overhaul

Aug 14, 2026

Mulsanne Group Holding Limited has issued a positive profit alert, indicating that unaudited net profit for the six months ended 30 June 2026 is expected to range from RMB18.0 million to RMB25.0 million. This would represent an increase of approximat...

Mulsanne Group Sets August Board Meeting to Review Interim Results and Possible Dividend

Aug 14, 2026

Mulsanne Group Holding Limited has scheduled a board meeting for 26 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026 and to decide on the publication of those results. The board will also consi...

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.

Date of analysis: Oct 23, 2026