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Windmill Group Ltd. (1850) AI Stock Analysis

HK:1850

Windmill Group Ltd.

(HKEX:1850)

Select Model
Rating:42Neutral
Price Target:HKD 0.35▼(-1.41% Downside)
Action:reiterated
Date:09/06/26

The overall score reflects a business with rising revenue but weakening profitability and persistent cash burn as the dominant risk, compounded by a soft technical trend with the price below key moving averages and limited valuation support due to negative earnings and no dividend.

Positive Factors
Revenue GrowthMeaningful multi-year revenue growth indicates the company has expanded its top-line base and retained demand across several reporting periods. If maintained, this scale can provide a foundation for operating improvement, although the benefit depends on restoring margins and converting sales into cash.
Negative Factors
Margin CompressionThe sharp decline in gross margin shows that revenue growth is currently producing much less economic value than in earlier years. Persistently thin margins leave limited room to absorb costs or competitive pressure, making profitability recovery dependent on a durable improvement in the economics of each sale.

Windmill Group Ltd. (1850) vs. iShares MSCI Hong Kong ETF (EWH)

-100%0%100%200%300%400%500%600%HK:1850-23.96%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 63.07M
Dividend Yield
―
Average Volume (3M)
3.58M
Price to Earnings (P/E)
-3.8
Beta (1Y)
0.48
Revenue Growth
15.79%
EPS Growth
-970.00%
Country
Hong Kong
Employees
57
Sector
Industrials
Sector Strength
63
Industry
Specialty Business Services

Windmill Group Ltd. Business Overview & Revenue Model

Company Description

Beautiful Life Group Holdings Ltd. is an investment holding company, which engages in the inspection of fire safety systems in Hong Kong. It specializes in design, supply, installation services and maintenance and repair of fire safety systems for bu...

Windmill Group Ltd. Financial Statement Overview

Summary

Revenue is growing and leverage is modest, but margins have weakened, losses have become recurring, and cash flows are heavily negative, resulting in an elevated financial risk profile.

Income Statement

41Neutral

Balance Sheet

63Positive

Cash Flow

27Negative
Financial statement breakdown
BreakdownTTMApr 2025Apr 2024Apr 2023Apr 2022Apr 2021
Income Statement
Total Revenue433.45M433.45M374.35M394.54M277.68M231.26M
Gross Profit19.80M19.69M25.91M29.00M30.45M24.23M
EBITDA-6.73M-6.73M7.93M10.39M14.56M-3.91M
Net Income-16.54M-16.54M568.00K2.93M7.80M-6.99M
Balance Sheet
Total Assets487.97M487.97M434.56M397.06M258.82M194.63M
Cash, Cash Equivalents and Short-Term Investments37.14M37.14M8.84M16.89M25.12M62.72M
Total Debt51.32M51.32M60.54M56.60M59.66M18.26M
Total Liabilities141.65M141.65M141.38M123.16M115.37M57.57M
Stockholders Equity347.63M347.63M294.37M275.28M144.11M137.06M
Cash Flow
Free Cash Flow-51.42M-51.42M-24.60M-131.77M-71.21M-3.06M
Operating Cash Flow-49.64M-49.64M-23.99M-131.69M-70.99M-2.02M
Investing Cash Flow-1.69M-1.69M-397.00K6.37M-2.67M-4.73M
Financing Cash Flow57.77M57.77M16.91M121.17M35.03M14.64M

Windmill Group Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.35

Price Trends

50DMA0.42Negative
100DMA0.59Negative
200DMA0.86Negative

Market Momentum

MACD-0.01Negative
RSI34.87Neutral
STOCH34.85Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1850, the sentiment is Negative. The current price of 0.35 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.42, and below the 200-day MA of 0.86, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 34.87 is Neutral, neither overbought nor oversold. The STOCH value of 34.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1850.

Windmill Group Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:1850 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1690HK:169077OutperformHKD 202.33M6.6022.32%21.43%-39.08%1675.00%
HK:1500HK:150068NeutralHKD 415.00M6.4022.45%10.00%24.51%―
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:1793HK:179357NeutralHKD 1.84B192.863.44%0.52%0.44%27.96%
HK:1850HK:185042NeutralHKD 63.07M-3.81-4.67%―15.79%-970.00%
HK:0406HK:040634UnderperformHKD 216.84M-1.07-15.28%―13.50%-106.11%

* Industrials Sector Average

Performance Comparison

0%500%1000%HK:1850HK:0406HK:1500HK:1615HK:1793HK:1690Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1850 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1850Windmill Group Ltd.0.36-0.05-13.10%
HK:0406Yau Lee Holdings Limited0.49-0.20-29.29%
HK:1500In Construction Holdings Ltd0.500.43624.64%
HK:1615AB Builders Group Limited0.410.1982.02%
HK:1793Wecon Holdings Ltd.2.292.121226.59%
HK:1690Lap Kei Engineering (Holdings) Limited0.140.08129.51%

Windmill Group Ltd. Corporate Events

Beautiful Life shareholders reject auditor reappointment but back board and mandates

Oct 23, 2026

Beautiful Life Group Holdings Limited reported that all ordinary resolutions, except for the reappointment of its auditor, were approved at its annual general meeting held on 23 October 2026. Shareholders overwhelmingly endorsed the company’s a...

Beautiful Life Group Tightens Governance With New Company Secretary and Representatives

Sep 2, 2026

Beautiful Life Group Holdings Limited, a Cayman Islands-incorporated issuer listed in Hong Kong under stock code 1850, maintains a governance structure led by executive and independent non-executive directors in accordance with local listing rules. T...

Beautiful Life Group Sets AGM to Approve Share Issuance Mandate

Aug 31, 2026

Beautiful Life Group Holdings Limited has convened its annual general meeting for 23 October 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 30 April 2026, and vote on the re-election of retiring...

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: Sep 06, 2026