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Numans Health Food Holdings Company Limited (2530) AI Stock Analysis

HK:2530

Numans Health Food Holdings Company Limited

(HKEX:2530)

Select Model
Rating:62Neutral
Price Target:HKD 0.77â–²(9.86% Upside)
Action:downgraded
Date:09/23/26

The overall score reflects a financially safe company with a strong, low-leverage balance sheet and historically solid cash generation that is now under material operational pressure from falling sales and compressed margins, while neutral technical signals and a relatively attractive valuation provide support but are insufficient to offset the business downturn.

Positive Factors
Conservative balance sheetExtremely low leverage and a substantial equity base reduce solvency risk and preserve financial flexibility. This gives the company greater capacity to withstand weak trading conditions, maintain operations, and fund strategic needs without relying heavily on external borrowing.
Negative Factors
Sharp revenue contractionA steep annual revenue decline signals a material deterioration in demand or business momentum, rather than normal quarter-to-quarter volatility. Unless sales recover, the smaller revenue base can reduce operating leverage and limit the company’s ability to rebuild earnings over coming periods.

Numans Health Food Holdings Company Limited (2530) vs. iShares MSCI Hong Kong ETF (EWH)

-20%-10%0%10%20%30%40%HK:2530+16.67%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 700.00M
Dividend Yield
3.57%
Average Volume (3M)
466.92K
Price to Earnings (P/E)
7.6
Beta (1Y)
0.17
Revenue Growth
-22.46%
EPS Growth
72.17%
Country
Hong Kong
Employees
50
Sector
General
Sector Strength
55
Industry
Packaged Foods

Numans Health Food Holdings Company Limited Business Overview & Revenue Model

Company Description

Numans Health Food Holdings Company Limited focuses on the marketing, sale, and distribution of its Nemans-branded nutritional supplements across the People's Republic of China. Their extensive product range features algal oil docosahexaenoic acid (D...

How the Company Makes Money

null

Numans Health Food Holdings Company Limited Financial Statement Overview

Summary

Revenue and earnings have declined sharply with margins compressed to low single digits, but this is partially offset by a very strong, low-debt balance sheet and historically solid, though now weakening, cash generation, resulting in a slightly below-average overall financial profile.

Income Statement

38Negative

Balance Sheet

82Very Positive

Cash Flow

74Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue251.03M184.44M282.57M426.82M375.05M332.03M
Gross Profit156.17M122.78M210.81M316.17M274.05M239.01M
EBITDA19.84M14.05M101.40M194.32M118.40M157.89M
Net Income77.89M5.36M76.27M159.45M89.37M117.69M
Balance Sheet
Total Assets552.40M513.74M415.59M470.02M403.58M288.81M
Cash, Cash Equivalents and Short-Term Investments444.41M401.65M235.82M262.56M192.84M152.66M
Total Debt4.99M3.77M4.43M5.83M7.45M1.23M
Total Liabilities44.01M18.40M39.07M59.94M156.34M86.29M
Stockholders Equity508.38M495.34M376.52M410.08M247.24M202.52M
Cash Flow
Free Cash Flow56.87M46.71M82.33M149.95M39.42M93.00M
Operating Cash Flow57.07M46.75M83.46M150.57M44.31M93.99M
Investing Cash Flow-117.64M-37.02K2.04M1.57M-4.14M-519.00K
Financing Cash Flow-76.07M116.27M-113.48M-83.79M-8.55M-29.31M

Numans Health Food Holdings Company Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.70

Price Trends

50DMA0.72Negative
100DMA0.73Negative
200DMA0.66Positive

Market Momentum

MACD-0.01Negative
RSI46.49Neutral
STOCH71.79Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2530, the sentiment is Negative. The current price of 0.70 is below the 20-day moving average (MA) of 0.71, below the 50-day MA of 0.72, and above the 200-day MA of 0.66, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 46.49 is Neutral, neither overbought nor oversold. The STOCH value of 71.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2530.

Numans Health Food Holdings Company Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

HK:2530 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1837HK:183773OutperformHKD 2.98B7.9618.48%5.07%33.56%59.06%
HK:1497HK:149765NeutralHKD 3.55B11.4827.00%9.40%12.12%32.06%
HK:1112HK:111264NeutralHKD 15.51B17.6911.77%4.08%24.27%―
HK:2530HK:253062NeutralHKD 700.00M7.6215.52%3.57%-22.46%72.17%
HK:6868HK:686861NeutralHKD 2.80B19.876.79%4.23%-7.14%5.00%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-50%0%50%100%HK:2530HK:1112HK:6868HK:1837HK:1497HK:6980Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:2530 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2530Numans Health Food Holdings Company Limited0.700.1016.67%
HK:1112Health and Happiness (H&H) International Holdings 24.0212.47108.06%
HK:6868Tenfu (Cayman) Holdings Co 2.60-0.23-8.26%
HK:1837Natural Food International Holding Ltd.1.360.2724.20%
HK:1497Xiamen Yan Palace Bird's Nest Industry Co., Ltd. Class H5.90-0.92-13.53%
HK:6980Bama Tea Co. Ltd. Class H19.70-64.51-76.61%

Numans Health Food Holdings Company Limited Corporate Events

Numans Health Food Swings to Strong Interim Profit Despite Revenue Decline

Aug 28, 2026

Numans Health Food Holdings Company Limited reported interim unaudited results for the six months ended 30 June 2026, showing revenue of RMB72.7 million, down from RMB93.2 million a year earlier. The health food group nevertheless delivered a sharp t...

Numans Health Food shifts Hong Kong principal office to Wan Chai

Aug 24, 2026

Numans Health Food Holdings Company Limited has relocated its principal place of business in Hong Kong to Suite 2407 on the 24th floor of China Resources Building on Harcourt Road in Wan Chai, effective 24 August 2026. While telephone and facsimile c...

Numans Health Food Sets August Board Meeting to Approve Interim Results

Aug 17, 2026

Numans Health Food Holdings Company Limited has scheduled a board meeting for 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the possible recommendation of an interim divid...

Numans Health Food Signals Higher Profit on Lower Revenue in Supplemental Alert

Aug 14, 2026

Numans Health Food Holdings Company Limited has issued a supplemental positive profit alert, indicating that while revenue from its nutritional products business fell to about RMB72.7 million from RMB93.2 million year-on-year, profit for the period,...

Numans Health Food Flags Surge in Interim Profit on Investment Gains

Aug 13, 2026

Numans Health Food Holdings Company Limited has warned investors of a sharp jump in interim profit, with the group expecting net profit of about RMB48.9 million for the six months ended 30 June 2026, compared with RMB2.1 million a year earlier. The c...

Numans Health Food Wins Waiver on Circular Delay for Further Acquisitions

Jul 16, 2026

Numans Health Food Holdings Company Limited has secured a waiver from strict compliance with Rule 14.41(a) of the Hong Kong Listing Rules, allowing additional time to finalize financial information required for a circular on its planned further acqui...

Numans Health Food Details Auditor Change and Delay in 2025 Results

Jul 9, 2026

Numans Health Food Holdings Company Limited has detailed the timeline and circumstances surrounding its change of auditor and the resulting delay in publishing its 2025 annual results. The company explained that Crowe, appointed as auditor in Septemb...

Numans Health Food delays acquisition circular, seeks waiver on disclosure deadline

Jul 6, 2026

Numans Health Food Holdings Company Limited has announced a delay in sending a shareholder circular relating to its further acquisitions, which together with previous deals amount to a major transaction under Hong Kong listing rules. The company says...

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 23, 2026