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3818.HK — HKEX Apparel & Accessories

3818.Hk

HK$0,33
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Mcap
1,9B HKD
P/E
—
EV / Rev
—
Div yield
3,66 %
Op margin
14,5 %
ROE
2,2 %
Net margin
12,3 %
Debt / equity
0,01
Beta
—
52w range
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Volume
—
Day range
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Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

3818.HK operates in the Apparel & Accessories industry, producing and selling consumer goods within the Cyclical Consumer Products sector.

Business. 3818.HK operates in the Apparel & Accessories industry, producing and selling consumer goods within the Cyclical Consumer Products sector.

Classification92 %
SectorConsumer Cyclicals
Business sectorCyclical Consumer Products
IndustryApparel & Accessories
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
2,2 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 3818.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary · THIS SECTOR+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 3818.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • 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

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    3818.HK operates in the Apparel & Accessories industry, producing and selling consumer goods within the Cyclical Consumer Products sector.

    Classification92 %
    SectorConsumer Cyclicals
    Business sectorCyclical Consumer Products
    IndustryApparel & Accessories
    AI synthesis
    GENERATED

    The company maintains a strong liquidity position, with a current ratio of 7.94 and cash and equivalents amounting to CNY 1.63 billion. Its price-to-book ratio is 0.26, indicating a significant discount to tangible book value, while the price-to-earnings ratio of 11.68 suggests a moderate valuation relative to earnings. The enterprise value to EBITDA ratio of 3.42 and enterprise value to revenue of 0.5 further support a low valuation multiple, consistent with a capital-light business model.

    Profitability metrics show a return on equity of 2.25% and return on assets of 2.06%, both below the typical thresholds for high-performing consumer cyclicals. The operating margin of 14.53% (calculated from operating income of CNY 243.83 million on revenue of CNY 1.68 billion) is in line with industry norms, but the net margin of 1.23% (CNY 207 million on CNY 1.68 billion revenue) is relatively low, suggesting potential inefficiencies in cost management or pricing power.

    The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the provided data. This lack of segment or geographic diversification increases exposure to regional economic shifts and supply chain disruptions.

    Looking ahead, the company is projected to maintain stable revenue growth, with no significant changes in capital expenditure or operating cash flow expected in the next fiscal year. The free cash flow of CNY 124.73 million and operating cash flow of CNY 141.65 million support a conservative capital structure, with long-term debt of only CNY 47.22 million and a debt-to-equity ratio of 0.01.

    Risk factors remain low, with no immediate liquidity or dilution concerns identified. The company has not issued any recent equity, and the dilution potential is minimal given the alignment of basic and diluted shares outstanding. No recent filings or transcripts indicate material operational or strategic changes.

    The company's recent financial performance has been stable, with consistent revenue and profit figures over the past year. No major events or strategic shifts have been disclosed in the latest filings or transcripts.

    Key takeaways
    • The company maintains a strong liquidity position with a current ratio of 7.94 and significant cash reserves.
    • Valuation multiples are low, with a price-to-book ratio of 0.26 and a price-to-earnings ratio of 11.68.
    • Profitability is modest, with a return on equity of 2.25% and a net margin of 1.23%.
    • The business is concentrated in a single segment with no disclosed geographic diversification.
    • No immediate liquidity or dilution risks are present, and the capital structure is conservative.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$0,33
    Market cap
    HK$2.42B
    Enterprise valueⓘ
    HK$832.7M
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    5.9x
    P / Bⓘ
    0.3x
    P / Tangible bookⓘ
    0.3x
    Tangible book
    HK$9.21B
    Net cashⓘ
    HK$1.58B
    Current ratioⓘ
    7.9
    Debt / equityⓘ
    0.0
    ROAⓘ
    2.1%
    ROEⓘ
    2.2%
    Cash conversionⓘ
    68.0%
    CapEx / revenueⓘ
    -4.1%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    Op Margin14,5 %Best in class
    Net Margin12,3 %Best in class
    ROE2,2 %Below median
    Capex / Rev-4,1 %Below median
    D/E0,01Above P75
    Cash Conv0,68Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    Source documents
    • 3818.HK Market data — financials · 2026-05-26

    Ownership & reference

    Leadership

    • Yihong ChenExecutive Chairman of the Board

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    3818.HKCanonical
    HKEX · HKD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage