1466.Hk
1466.HK operates in the Apparel & Accessories industry, manufacturing and selling clothing and related accessories to consumers in the Consumer Cyclicals sector.
Business. 1466.HK operates in the Apparel & Accessories industry, manufacturing and selling clothing and related accessories to consumers in the Consumer Cyclicals sector.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
1466.HK operates in the Apparel & Accessories industry, manufacturing and selling clothing and related accessories to consumers in the Consumer Cyclicals sector.
The company's capital structure shows a debt-to-equity ratio of 0.72, indicating a moderate reliance on debt financing. Liquidity is assessed as medium, with a current ratio of 4.57, suggesting the company has sufficient short-term assets to cover its liabilities. However, the operating cash flow is negative at -30.5 million HKD, and free cash flow is only 4.13 million HKD, which may limit the company's ability to fund operations and growth without external financing.
Profitability is weak, with a net loss of 316,000 HKD and an operating loss of 1.998 million HKD. The return on equity is -0.23%, and the return on assets is -0.11%, both significantly below the industry median for Apparel & Accessories. These metrics suggest the company is underperforming relative to its peers in terms of generating returns for shareholders and utilizing assets efficiently.
The company's revenue is concentrated in a single business segment, as no segmental breakdown is provided in the available data. Geographically, the company's exposure is not disclosed, but the lack of segmental or geographic diversification increases the risk of revenue concentration. This could make the company more vulnerable to regional economic downturns or shifts in consumer demand.
The company's growth trajectory is uncertain, with no specific outlook provided for the current or next fiscal year. The negative operating cash flow and low profitability suggest the company may struggle to grow organically without significant cost reductions or revenue increases. The capital expenditure of -2.445 million HKD indicates some investment in operations, but the scale is limited.
Risk factors include liquidity concerns, as the company has negative net cash after subtracting total debt. The risk of dilution is assessed as low, but the company may need to raise additional capital to fund operations or growth, which could lead to share dilution. The risk assessment also notes that the company's financial position is fragile, with a net loss and negative operating cash flow.
Recent events include the latest financial filing, which shows a decline in profitability and liquidity. No recent earnings call transcripts or other disclosures are available to provide further insight into the company's strategic direction or operational performance.
- The company is experiencing a net loss and negative operating cash flow, indicating financial distress.
- The debt-to-equity ratio of 0.72 suggests a moderate level of leverage, but the negative net cash position raises liquidity concerns.
- The company's return on equity and return on assets are significantly below industry medians, indicating poor profitability.
- The lack of segmental and geographic diversification increases the risk of revenue concentration.
- The company's growth trajectory is uncertain, with no clear direction provided for the current or next fiscal year.
Bull / Bear case
analysis pipelineIn focus — financials by report
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
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ESG
Risk factors
- Net cash is negative after subtracting total debt.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- 1466.HK Market data — financials · 2026-05-26
Ownership & reference
Leadership
- Patrick ChengExecutive Chairman of the Board