C.banner International Holdings Ltd. (1028) AI Stock Analysis

• Market Cap: HK$427.86M
• Dividend Yield: N/A
• Average Volume (3M): 293.60K
• Price to Earnings (P/E): 8.0
• Beta (1Y): -0.08
• Revenue Growth: -11.44%
• EPS Growth: 111.76%
• Country: HK
• Employees: 4,003
• Sector: Consumer Cyclical
• Sector Strength: 71
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): >-0.01
• Shares Outstanding: 2,077,000,000
• 10 Day Avg. Volume: 534,200
• 30 Day Avg. Volume: 293,600
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 51 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score reflects significant financial stability with low leverage and moderate valuation, but is weighed down by poor technical analysis indicating bearish trends and liquidity concerns from low cash flow generation. The absence of dividend yield also impacts its attractiveness.

C.banner International Holdings Ltd. Business Overview & Revenue Model

Company Description

C.banner International Holdings Limited, an investment holding company, manufactures, sells, and retails women's formal and casual footwear primarily in the People's Republic of China and the United States. The company operates through three segments: Retail and Wholesale of Shoes, Contract Manufacturing of Shoes, and Retail of Toys. It also acts as the original equipment manufacturer (OEM) or original design manufacturer (ODM) for shoes companies in export markets, as well as retailer of toys. The company offers its products under the self-developed brands, including C.banner, EBLAN, Sundance, MIO, Badgley Mischka, and Natursun, as well as under the licensed brand, such as United Nude. It distributes its self-developed and licensed brand products primarily through department stores and independent retail stores. The company was formerly known as Hongguo International Holdings Limited and changed its name to C.banner International Holdings Limited in February 2012. C.banner International Holdings Limited was founded in 1995 and is based in Admiralty, Hong Kong.

How the Company Makes Money

C.banner International Holdings Ltd. generates revenue through a combination of manufacturing, retail, and wholesale operations. The company designs and produces footwear in its own manufacturing facilities, which are then sold under its proprietary brands through a network of retail outlets and department stores across China. Additionally, C.banner engages in wholesale distribution to third-party retailers, both domestically and internationally, capitalizing on its established brand reputation and extensive distribution network. Strategic partnerships and collaborations with international fashion brands further bolster its revenue by expanding its product offerings and market reach. The company's earnings are also supplemented by its retail operations in department stores, which provide a diversified revenue stream and reinforce its retail presence.

C.banner International Holdings Ltd. Financial Statement Overview

Summary

C.banner International Holdings Ltd. faces challenges in revenue growth and cash flow generation, yet maintains strong cost management and a solid balance sheet with low leverage. While profitability margins show improvement, the lack of operational cash flows raises concerns about liquidity and sustainability.

Income Statement

The company shows a declining revenue trend with a 9.6% decrease from 2023 to 2024. The gross profit margin for 2024 is approximately 56.6%, indicating strong cost management. However, the net profit margin improved to 3.5% in 2024 from 1.4% in 2023, showing a recovery in profitability despite negative EBIT margin in 2024. Overall, the income statement reflects moderate profitability with challenges in maintaining revenue growth.

Balance Sheet

The balance sheet is robust with a debt-to-equity ratio of 0.016 in 2024, indicating low financial leverage. The equity ratio is high at around 79.4%, showing strong asset financing through equity. Return on equity improved to 4.1% in 2024, suggesting better utilization of equity to generate profits. Overall, the balance sheet reflects financial stability with low leverage and strong equity position.

Cash Flow

The cash flow analysis shows a concerning situation as the operating and free cash flows are reported as zero in 2024. This indicates challenges in generating cash from operations and managing capital expenditures effectively. The absence of positive cash flow metrics suggests potential liquidity issues, impacting the company's ability to reinvest and fund operations.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.39B	1.54B	1.38B	1.63B	1.54B
Gross Profit	786.89M	871.44M	767.06M	943.29M	860.67M
EBITDA	26.11M	55.71M	98.42M	125.02M	63.19M
Net Income	48.25M	20.83M	14.79M	27.35M	5.61M
Balance Sheet
Total Assets	1.48B	1.75B	1.72B	1.75B	1.76B
Cash, Cash Equivalents and Short-Term Investments	429.75M	663.46M	496.25M	443.12M	546.39M
Total Debt	19.37M	21.24M	44.63M	54.94M	71.97M
Total Liabilities	296.10M	357.66M	344.55M	391.06M	435.54M
Stockholders Equity	1.18B	1.38B	1.36B	1.35B	1.32B
Cash Flow
Free Cash Flow	23.50M	177.59M	101.46M	-78.92M	192.87M
Operating Cash Flow	107.80M	238.99M	174.74M	31.22M	236.00M
Investing Cash Flow	-74.04M	-43.80M	-91.27M	-100.03M	-51.52M
Financing Cash Flow	-267.47M	-27.98M	-30.34M	-34.46M	-39.15M

C.banner International Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1028, the sentiment is Negative. The current price of 0.2 is below the 20-day moving average (MA) of 0.21, below the 50-day MA of 0.22, and below the 200-day MA of 0.23, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.09 is Neutral, neither overbought nor oversold. The STOCH value of 76.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1028.

C.banner International Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	56 Neutral	HK$25.48B	5.05	-2.69%	5.69%	-0.45%	-52.99%
1028	51 Neutral	HK$427.86M	8.02	3.77%	―	-11.44%	111.76%
DPNEF	―	$123.52M	7.63		5.02%	―	―
KMSWF	―	$45.57M	―	-3.04%	25.41%	―	―
0738	43 Neutral	HK$171.53M	―	-18.39%	―	-27.74%	-321.58%
SLNLF	―	$1.72B	9.73	15.89%	―	―	―
0676	50 Neutral	HK$752.57M	261.76	-1.37%	0.97%	-3.15%	-330.61%

C.banner International Holdings Ltd. Corporate Events

C.banner Reaches Settlement with Nanjing Mayflower Over Debt Repayment

C.banner International Holdings Ltd. has reached a civil mediation settlement with Nanjing Mayflower regarding a debt of RMB65.16 million. The settlement involves periodic repayments by Nanjing Mayflower until March 2045, with provisions for enforcement if payments are missed. The company anticipates an impairment loss of approximately RMB149.05 million due to this settlement, which will be reflected in its interim financial results.

C.banner International Holdings Forms Nomination Committee to Strengthen Board Governance

C.banner International Holdings Limited has established a Nomination Committee to oversee the structure and composition of its Board of Directors. The committee, composed primarily of independent non-executive directors, is tasked with reviewing the board’s skills and experience annually and making recommendations to align with the company’s corporate strategy. This move is likely to enhance the company’s governance and ensure a diverse and skilled board, potentially impacting its strategic direction and stakeholder confidence.

C.banner International Holdings Ltd. AGM Resolutions Passed Unanimously

C.banner International Holdings Ltd. announced the results of its Annual General Meeting held on June 26, 2025, where all proposed resolutions were passed unanimously. The resolutions included the re-election of directors, re-appointment of auditors, and granting of mandates to the board for share issuance and repurchase. The approval of amendments to the company’s bye-laws was also achieved, indicating a smooth operational and governance transition. This unanimous approval reflects strong shareholder support and positions the company for continued strategic growth and governance stability.

C.banner International Holdings Announces Board and Committee Roles

C.banner International Holdings Limited, a company incorporated in Bermuda, has announced the composition of its board of directors and the roles within its various committees. The board includes executive, non-executive, and independent non-executive directors, with specific members assigned to the Audit, Remuneration, and Nomination Committees. This announcement provides clarity on the governance structure of the company, which is crucial for stakeholders to understand the leadership and decision-making processes that may impact the company’s strategic direction and operational effectiveness.

C.banner International Issues Revised Proxy Form for AGM

C.banner International Holdings Limited has issued a clarification regarding clerical errors in the Chinese version of its proxy form for the upcoming Annual General Meeting (AGM) scheduled for June 26, 2025. The company has released a revised proxy form to correct these errors, ensuring that shareholders have the correct information for voting. The English version of the original proxy form remains unchanged, and shareholders are advised on the procedures for lodging the revised form to ensure their votes are valid.

C.banner Takes Legal Action Over Unpaid Debts and Enhances Risk Measures

C.banner International Holdings Ltd. has initiated legal proceedings against Nanjing Mayflower to recover outstanding trade debts amounting to RMB214.2 million, along with overdue interest. The legal action, filed in the People’s Court of Nanjing Qinhuai District, includes measures to prevent asset transfers by Nanjing Mayflower. Additionally, the company announced enhanced counterparty risk assessments for future transactions to mitigate financial risks, as disclosed in their 2024 annual report.