0844—56

Greatime International Holdings Ltd

Apparel & AccessoriesVerified

Score breakdown

Sentiment+30Risk penalty-3Missing signals-4

Quality breakdown

Key fields100Profile38Conclusion96AI synthesis40Observations3

Greatime International Holdings Ltd has a debt-to-equity ratio of 1.22, indicating a moderate reliance on debt financing, and a current ratio of 1.08, suggesting limited short-term liquidity cushion [doc:HA-latest]. The company's return on equity is -0.5383, and return on assets is -0.1702, both significantly below the industry median for Apparel & Accessories, which typically shows positive returns in a stable market [doc:HA-latest]. The company's profitability is underperforming relative to its industry peers, with a net loss of CNY 88.6 million and an operating loss of CNY 89.4 million in the latest period [doc:HA-latest]. Gross profit of CNY 85.3 million is insufficient to cover operating expenses, highlighting structural inefficiencies or pricing pressures in its core markets [doc:HA-latest]. Greatime's revenue is distributed across three key markets: Japan, China, and the United States. However, the company's geographic exposure is not disclosed in terms of revenue concentration, and its segmental breakdown does not provide a clear picture of which region or product line is driving or dragging performance [doc:HA-latest]. The Knitted Fabrics segment operates under the UTEX brand, but no revenue contribution by segment is available in the latest financials [doc:HA-latest]. The company's growth trajectory is uncertain, with no outlook provided for the current or next fiscal year. Historical revenue of CNY 434.05 million is flat compared to prior periods, and the absence of a clear growth strategy or margin improvement plan raises concerns about long-term sustainability [doc:HA-latest]. The company's capital structure is also under pressure, with long-term debt of CNY 201.54 million and total liabilities of CNY 355.99 million, which exceeds total equity of CNY 164.6 million [doc:HA-latest]. Risk factors include liquidity constraints, as the company has negative net cash after subtracting total debt, and a high debt-to-equity ratio. The risk assessment indicates a medium liquidity risk and low dilution risk, but the absence of a clear capital preservation strategy increases exposure to market volatility [doc:HA-latest]. No recent filings or transcripts are available to assess management's response to these challenges [doc:HA-latest].

Profile

CompanyGreatime International Holdings Ltd

Ticker0844.HK

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryApparel & Accessories

AI analysis

Business. Greatime International Holdings Ltd is a Hong Kong-based investment holding company engaged in the manufacture and sales of innerwear and fabrics, operating through two segments: Innerwear Products and Knitted Fabrics [doc:HA-latest].

Classification. Greatime is classified under the Consumer Cyclicals economic sector, Cyclical Consumer Products business sector, and Apparel & Accessories industry, with a confidence level of 0.92 [doc:verified market data].

Key takeaways

Greatime International Holdings Ltd is operating at a net loss with negative returns on equity and assets, indicating poor profitability.
The company's debt-to-equity ratio of 1.22 and current ratio of 1.08 suggest a weak capital structure and limited liquidity.
No clear growth trajectory or segmental performance data is available, making it difficult to assess strategic direction.
The company's geographic and segmental revenue breakdown is not disclosed, limiting visibility into key drivers of performance.
Liquidity risk is medium, and the company has negative net cash after subtracting total debt, raising concerns about solvency.
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Financial snapshot

PeriodHA-latest

CurrencyCNY

Revenue$434.0M

Gross profit$85.3M

Operating income-$89.4M

Net income-$88.6M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow—

CapEx—

Free cash flow—

Total assets$520.6M

Total liabilities$356.0M

Total equity$164.6M

Cash & equivalents—

Long-term debt$201.5M

Annual history (last 5)

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Valuation

Market price—

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Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$164.6M

Net cash-$201.5M

Current ratio1.1

Debt/Equity1.2

ROA-17.0%

ROE-53.8%

Cash conversion—

CapEx/Revenue—

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

Metric0844Activity

Op margin-20.6%6.6% medp25 4.6% · p75 8.7%bottom quartile

Net margin-20.4%3.7% medp25 2.0% · p75 5.5%bottom quartile

Gross margin19.7%57.5% medp25 57.5% · p75 57.5%bottom quartile

CapEx / revenue—1.1% medp25 0.9% · p75 1.4%

Debt / equity122.0%124.3% medp25 86.1% · p75 162.6%below median

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

2026-05-03 16:46 UTC#cdcfb99d

Source: analysis-pipeline (hybrid)Generated: 2026-05-03 16:47 UTCJob: 4fc66bbc