Crystal International Group Limited (2232) AI Stock Analysis

• Market Cap: HK$13.38B
• Dividend Yield: 5.71%
• Average Volume (3M): 9.46M
• Price to Earnings (P/E): 8.6
• Beta (1Y): 0.43
• Revenue Growth: 13.03%
• EPS Growth: 22.23%
• Country: HK
• Employees: 75,000
• Sector: Consumer Cyclical
• Sector Strength: 58
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.55
• Shares Outstanding: 2,852,822,000
• 10 Day Avg. Volume: 3,979,576
• 30 Day Avg. Volume: 9,463,631
• PEG Ratio: 0.38
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.71
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 22.58
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$6.25
• Price Target Upside: 33.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Crystal International Group Limited has a solid financial foundation with strong profitability and a robust balance sheet. The valuation appears attractive with a low P/E ratio and high dividend yield. However, technical indicators suggest potential short-term weakness, and cash flow challenges could impact future financial flexibility.

Crystal International Group Limited Business Overview & Revenue Model

Company Description

Crystal International Group Limited, an investment holding company, manufactures and trades in garments in the Asia Pacific, the United States, Europe, and internationally. The company offers lifestyle wear, denim, intimate, sweater, and sportswear and outdoor apparel. It serves various apparel brands. The company was formerly known as Crystal International Limited and changed its name to Crystal International Group Limited in March 2017. Crystal International Group Limited was founded in 1970 and is headquartered in Kwun Tong, Hong Kong.

How the Company Makes Money

Crystal International Group Limited generates revenue primarily through the manufacturing and sale of apparel products to global fashion brands. The company's key revenue streams include the production of casual wear, sportswear, and intimate wear, which are sold to leading international retail brands. Crystal International benefits from its strategic manufacturing locations across Asia, which allow it to optimize production costs and maintain competitive pricing. Additionally, the company engages in long-term partnerships with major brands, ensuring a consistent demand for its products and contributing to stable revenue growth.

Crystal International Group Limited Financial Statement Overview

Summary

Crystal International Group Limited exhibits strong profitability and a solid balance sheet, with commendable revenue and profit growth trends. However, there are concerns with cash flow management, as indicated by uncalculable ratios due to zero operating cash flow.

Income Statement

Crystal International Group Limited shows a stable financial performance with a gross profit margin of 19.69% and a net profit margin of 8.12% for the latest year. The company has demonstrated revenue growth of 13.42% from the previous year, indicating a positive trajectory. EBIT and EBITDA margins at 9.31% and 12.18% respectively reflect a healthy operating efficiency.

Balance Sheet

The company maintains a strong financial position with a low debt-to-equity ratio of 0.11, suggesting minimal leverage risk. The return on equity is 13.10%, indicating effective use of equity to generate profits. An equity ratio of 67.89% highlights a solid financial structure with substantial assets funded by equity.

Cash Flow

Cash flow metrics indicate some challenges, with operating cash flow to net income ratio not calculable due to zero operating cash flow reported. The free cash flow has not shown growth, and the free cash flow to net income ratio is also not calculable for the latest period, suggesting potential concerns in cash management.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
2.18B	2.49B	2.34B	1.99B	2.43B
	Gross Profit
417.78M	477.62M	447.61M	385.87M	462.69M
	EBIT
177.08M	218.13M	183.03M	119.47M	175.87M
	EBITDA
248.03M	295.71M	260.81M	202.19M	258.79M
	Net Income Common Stockholders
163.48M	172.73M	163.11M	108.08M	151.90M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
607.14M	455.06M	401.27M	383.43M	266.84M
	Total Assets
1.97B	1.89B	1.96B	1.78B	1.82B
	Total Debt
89.89M	132.52M	198.43M	202.49M	306.97M
	Net Debt
-453.56M	-322.53M	-202.84M	-180.93M	40.13M
	Total Liabilities
535.66M	549.67M	666.18M	618.13M	728.15M
	Stockholders Equity
1.43B	1.34B	1.29B	1.16B	1.09B
Cash Flow		Free Cash Flow
269.05M	257.40M	124.46M	265.88M	203.17M
	Operating Cash Flow
312.97M	349.15M	189.86M	323.85M	313.46M
	Investing Cash Flow
-88.42M	-135.48M	-84.99M	-43.39M	-111.49M
	Financing Cash Flow
-134.74M	-144.58M	-93.71M	-161.06M	-239.57M

Crystal International Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.69
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2232, the sentiment is Positive. The current price of 4.69 is above the 20-day moving average (MA) of 4.42, below the 50-day MA of 5.01, and above the 200-day MA of 4.27, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 52.06 is Neutral, neither overbought nor oversold. The STOCH value of 58.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2232.

Crystal International Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2232	71 Outperform	HK$13.38B	8.55	13.55%	5.71%	13.03%	22.23%
Sector *	61 Neutral	$6.59B	11.77	3.06%	3.98%	2.56%	-20.85%

Crystal International Group Limited Corporate Events

Crystal International Announces 2025 AGM Agenda and Key Resolutions

Crystal International Group Limited, a company incorporated in Bermuda and registered in the Cayman Islands, has announced its upcoming Annual General Meeting to be held on May 30, 2025, in Hong Kong. Key agenda items include the approval of audited financial statements for 2024, the declaration of a final and special dividend, and the re-election of several directors. Additionally, the company seeks authorization for a share repurchase mandate and the reappointment of Deloitte Touche Tohmatsu as auditors. These resolutions, if passed, will impact the company’s financial management and governance structure, potentially affecting shareholder value and market perception.

Crystal International Declares Special Dividend for 2024

Crystal International Group Limited has announced a special cash dividend of HKD 0.055 per share for the financial year ending December 31, 2024. The announcement reflects the company’s financial strategy and commitment to returning value to shareholders, with the payment date set for July 4, 2025, following shareholder approval in May.

Crystal International Declares Final Dividend for 2024

Crystal International Group Limited has announced a final cash dividend of HKD 0.19 per share for the financial year ending 31 December 2024. The dividend will be paid on 4 July 2025, following shareholder approval on 30 May 2025. This announcement reflects the company’s financial stability and commitment to returning value to its shareholders.

Crystal International Reports Strong 2024 Financial Results with Increased Dividends

Crystal International Group Limited reported a revenue increase to US$2,470 million and a net profit rise to US$201 million for the year ended December 31, 2024. The company announced a final dividend and a special dividend in celebration of its 55th anniversary, reflecting its strong financial performance and commitment to rewarding shareholders.

Crystal International Joins Hang Seng Composite Index

Crystal International Group Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong, has been included as a constituent of the Hang Seng Composite Index (HSCI) effective 10 March 2025. This inclusion reflects the capital market’s recognition of the company’s business performance and is expected to broaden its shareholder base, increase trading liquidity, and enhance its investment value and reputation.