ZBRG—57

Zhongmin Baihui Retail Group Ltd

Department StoresVerified

Score breakdown

Profitability+35Sentiment+24Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion94AI synthesis40Observations13

Zhongmin Baihui Retail Group Ltd maintains a debt-to-equity ratio of 2.21, indicating a capital structure that is significantly leveraged [doc:HA-latest]. The company's liquidity position is assessed as medium, with a current ratio of 0.99, suggesting limited short-term liquidity cushion [doc:HA-latest]. Free cash flow of 95.6 million CNY supports operational flexibility, but net cash is negative after subtracting total debt, signaling potential refinancing needs [doc:HA-latest]. Profitability metrics show a return on equity of 19.11%, outperforming the typical benchmark for the sector, while return on assets of 3.65% indicates moderate asset efficiency [doc:HA-latest]. Gross profit of 220.8 million CNY and operating income of 50.6 million CNY reflect a healthy margin structure, though net income of 42.8 million CNY suggests some pressure from operating expenses [doc:HA-latest]. The company's revenue is concentrated in Fujian Province, with 13 self-owned and three managed stores covering 200,000 square meters of gross floor area [doc:HA-latest]. No specific segment breakdown is provided, but the integrated retail model includes department stores, supermarkets, and food and beverage outlets [doc:HA-latest]. Outlook data is not provided in the input, but historical revenue of 951.26 million CNY indicates a stable revenue base. The company's capital expenditure of -6.49 million CNY suggests a focus on cost control rather than expansion [doc:HA-latest]. Risk assessment highlights medium liquidity risk and low dilution potential, with no significant dilution sources identified in the input data [doc:HA-latest]. The company's debt load and liquidity position are key risk factors to monitor [doc:HA-latest]. Recent financial filings and transcripts are not included in the input data, so no specific events can be cited for the period under review [doc:HA-latest].

Profile

CompanyZhongmin Baihui Retail Group Ltd

TickerZBRG.SI

SectorConsumer Cyclicals

BusinessRetailers

Industry groupRetailers

IndustryDepartment Stores

AI analysis

Business. Zhongmin Baihui Retail Group Ltd operates a chain of department stores and retail stores in Fujian Province, China, generating revenue through retail sales and commercial services [doc:HA-latest].

Classification. Zhongmin Baihui Retail Group Ltd is classified under the Consumer Cyclicals economic sector, Retailers business sector, and Department Stores industry with 92% confidence [doc:verified market data].

Key takeaways

The company's debt-to-equity ratio of 2.21 indicates a highly leveraged capital structure.
Return on equity of 19.11% suggests strong profitability relative to equity.
Free cash flow of 95.6 million CNY provides some operational flexibility despite negative net cash.
Revenue concentration in Fujian Province and lack of segment detail limit visibility into geographic and product diversification.
Low dilution risk and medium liquidity risk are key risk factors to monitor.
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Financial snapshot

PeriodHA-latest

CurrencyCNY

Revenue$951.3M

Gross profit$220.8M

Operating income$50.6M

Net income$42.8M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$46.0M

CapEx-$6.5M

Free cash flow$95.6M

Total assets$1.17B

Total liabilities$948.2M

Total equity$223.8M

Cash & equivalents—

Long-term debt$495.3M

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$223.8M

Net cash-$495.3M

Current ratio1.0

Debt/Equity2.2

ROA3.6%

ROE19.1%

Cash conversion1.1%

CapEx/Revenue-0.7%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Department Stores · cohort 2 companies

MetricZBRGActivity

Op margin5.3%4.7% medp25 4.7% · p75 4.7%top quartile

Net margin4.5%5.9% medp25 4.4% · p75 7.3%below median

Gross margin23.2%39.5% medp25 39.5% · p75 39.5%bottom quartile

CapEx / revenue-0.7%1.6% medp25 1.5% · p75 1.6%bottom quartile

Debt / equity221.0%50.0% medp25 50.0% · p75 50.0%top quartile

Observations

IR observations

Last actual EPS0.06 CNY

Last actual revenue181,753,000 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 04:01 UTC#c2163922

Source: analysis-pipeline (hybrid)Generated: 2026-05-04 04:02 UTCJob: c485ab8c