2549—56

Carote Ltd

Appliances, Tools & HousewaresVerified

Score breakdown

Profitability+23Sentiment+15Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion83AI synthesis40Observations23

Carote Ltd (2549.HK) is currently classified as Appliances, Tools & Housewares within Appliances, Tools & Housewares (Consumer Cyclicals). Classification confidence: 0.92 (verified market data). Capital structure on the latest snapshot: total assets 1,898,141,000 CNY, total equity 1,407,320,000, short-term debt 0, long-term debt 1,050,000. Net cash position is approximately 280,719,000 CNY. Profitability profile: revenue 2,156,671,000, gross profit 685,417,000, operating income 266,675,000, net income 257,806,000. Return on equity ~18.3%. Return on assets ~13.6%. Operating-cash-flow to net-income ratio is -0.21. Risk profile from automated assessment: liquidity risk low, dilution risk low. Flags: No immediate filing-based liquidity or dilution flags were detected..

Profile

CompanyCarote Ltd

Ticker2549.HK

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryAppliances, Tools & Housewares

AI analysis

Business. Carote Ltd is classified under Consumer Cyclicals / Appliances, Tools & Housewares and appears profitable on the latest normalized snapshot.

Classification. Classification confidence is 0.92 based on verified market data; matched terms: Appliances, Tools & Housewares, Cyclical Consumer Products, Consumer Cyclicals.

Key takeaways

Return on equity is about 18.3%.
Debt to equity is about 0.0x.
Analyst estimate: Mean price target = 5.12 CNY
Analyst estimate: Median price target = 5.12 CNY

Financial snapshot

PeriodHA-latest

CurrencyCNY

Revenue$2.16B

Gross profit$685.4M

Operating income$266.7M

Net income$257.8M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow-$54.5M

CapEx-$6.3M

Free cash flow$257.3M

Total assets$1.90B

Total liabilities$490.8M

Total equity$1.41B

Cash & equivalents$281.8M

Long-term debt$1.1M

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$2.16B$266.7M$257.8M$185.7M

FY-1$2.07B$398.4M$356.0M$193.2M

FY-2$1.58B$271.2M$237.1M$235.2M

FY-3$768.5M$124.1M$108.8M-$4.5M

FY-4$675.3M$32.7M$31.7M-$33.4M

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$1.90B$1.41B$281.8M—

FY-1$1.72B$1.26B$377.3M—

FY-2$636.1M$222.7M$236.1M—

FY-3$553.1M$137.6M$42.5M—

FY-4$440.0M$70.5M$97.7M—

PeriodOCFCapExFCFSBC

FY0-$54.5M-$6.3M$185.7M—

FY-1$350.2M-$69.0M$193.2M—

FY-2$244.0M-$5.9M$235.2M—

FY-3$128.6M-$117.4M-$4.5M—

FY-4$122.0M-$70.8M-$33.4M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4———$203.0M

FQ-5————

FQ-6————

FQ-7$502.9M$104.9M$88.5M$90.2M

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4$1.72B$1.26B$377.3M—

FQ-5————

FQ-6————

FQ-7$795.2M$212.3M$264.2M—

PeriodOCFCapExFCFSBC

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4$350.2M-$69.0M$203.0M—

FQ-5————

FQ-6————

FQ-7$122.1M$0.00$90.2M—

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$1.41B

Net cash$280.7M

Current ratio3.3

Debt/Equity0.0

ROA13.6%

ROE18.3%

Cash conversion-21.0%

CapEx/Revenue-0.3%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskLow

No immediate filing-based liquidity or dilution flags were detected.

Industry benchmarks

Activity: Appliances, Tools & Housewares · cohort 2 companies

Metric2549Activity

Op margin12.4%9.9% medp25 7.6% · p75 12.1%top quartile

Net margin12.0%6.5% medp25 4.3% · p75 8.7%top quartile

Gross margin31.8%32.2% medp25 23.8% · p75 40.6%below median

R&D / revenue—4.1% medp25 3.2% · p75 4.9%

CapEx / revenue-0.3%2.4% medp25 2.3% · p75 2.5%bottom quartile

Debt / equity0.0%115.4% medp25 70.7% · p75 160.1%bottom quartile

Observations

IR observations

Mean price target5.12 CNY

Median price target5.12 CNY

High price target6.00 CNY

Low price target4.24 CNY

Mean recommendation3.00 (1=strong buy, 5=strong sell)

Strong-buy count0.00

Buy count0.00

Hold count2.00

Sell count0.00

Strong-sell count0.00

Mean EPS estimate0.59 CNY

Last actual EPS0.47 CNY

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 13:12 UTC#e21035f8

Market quoteclose CNY 4.56 · shares 0.55B diluted

no public URL

2026-05-04 13:12 UTC#036943cd

Source: analysis-pipeline (hybrid)Generated: 2026-05-07 02:26 UTCJob: 4d455797