002494—56

Huasi Holding Co Ltd

Apparel & AccessoriesVerified

Score breakdown

Profitability+32Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion95AI synthesis40Observations3

Huasi Holding maintains a conservative capital structure with a debt-to-equity ratio of 0.05, significantly below the median for the Apparel & Accessories industry, and a current ratio of 3.46, indicating strong short-term liquidity [doc:HA-latest]. However, the company reports negative net cash after subtracting total debt, signaling potential liquidity constraints despite its low leverage [doc:HA-latest]. Profitability metrics show a return on equity of 1.64% and a return on assets of 1.41%, both below the industry median for Apparel & Accessories firms, suggesting underperformance in capital efficiency and asset utilization [doc:HA-latest]. Gross margin stands at 33.9%, but operating margin is only 4.9%, reflecting high operating costs relative to revenue [doc:HA-latest]. The company's revenue is concentrated in fur product sales, with disclosed segments including apparel, fur accessories, and fur skins. No geographic breakdown is provided, but the company operates primarily in domestic markets with some overseas distribution [doc:HA-latest]. This concentration in a single product line and limited geographic diversification increases exposure to demand volatility in the luxury goods sector. Outlook data is not provided for the current or next fiscal year, but historical revenue growth is not disclosed. The absence of forward-looking guidance and capital expenditure plans limits visibility into growth potential [doc:HA-latest]. The company reported negative capital expenditure of -5.1 million CNY, indicating asset optimization rather than expansion [doc:HA-latest]. Risk assessment highlights medium liquidity risk due to negative net cash and low dilution risk, with no near-term pressure from share issuance. However, the company's reliance on a single product line and exposure to cyclical demand in the luxury goods sector remain key risks [doc:HA-latest]. Recent filings and transcripts are not provided in the input data, so no specific events can be cited for the period under review [doc:HA-latest].

Profile

CompanyHuasi Holding Co Ltd

Ticker002494.SZ

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryApparel & Accessories

AI analysis

Business. Huasi Holding Co Ltd designs, develops, manufactures, and sells fur products including apparel, accessories, and fur skins, while also engaging in commercial property leasing and management [doc:HA-latest].

Classification. Huasi Holding is classified in the Consumer Cyclicals economic sector under the Apparel & Accessories industry with 92% confidence [doc:verified market data].

Key takeaways

Huasi Holding's conservative debt structure and strong current ratio suggest solid short-term liquidity, but negative net cash raises concerns about long-term financial flexibility.
Return on equity and return on assets are below industry medians, indicating inefficiencies in capital and asset use.
Revenue concentration in fur products and limited geographic diversification increase exposure to market volatility.
The absence of forward-looking guidance and capital expenditure plans limits visibility into growth prospects.
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Financial snapshot

PeriodHA-latest

CurrencyCNY

Revenue$466.7M

Gross profit$158.2M

Operating income$22.9M

Net income$20.5M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$158.0M

CapEx-$5.1M

Free cash flow$31.1M

Total assets$1.46B

Total liabilities$210.6M

Total equity$1.25B

Cash & equivalents—

Long-term debt$65.6M

Annual history (last 5)

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Quarterly history (last 4)

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Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$1.25B

Net cash-$65.6M

Current ratio3.5

Debt/Equity0.1

ROA1.4%

ROE1.6%

Cash conversion7.7%

CapEx/Revenue-1.1%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Apparel & Accessories · cohort 2 companies

Metric002494Activity

Op margin4.9%6.6% medp25 4.6% · p75 8.7%below median

Net margin4.4%3.7% medp25 2.0% · p75 5.5%above median

Gross margin33.9%57.5% medp25 57.5% · p75 57.5%bottom quartile

CapEx / revenue-1.1%1.1% medp25 0.9% · p75 1.4%bottom quartile

Debt / equity5.0%124.3% medp25 86.1% · p75 162.6%bottom quartile

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-04 16:16 UTC#1a9e8fe9

Source: analysis-pipeline (hybrid)Generated: 2026-05-04 16:18 UTCJob: c22e0cab