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

• Market Cap: HK$1.99B
• Dividend Yield: N/A
• Average Volume (3M): 343.40K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.19
• Revenue Growth: -11.17%
• EPS Growth: -621.38%
• Country: HK
• Employees: 4,003
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): -0.07
• Shares Outstanding: 2,492,400,000
• 10 Day Avg. Volume: 330,600
• 30 Day Avg. Volume: 343,400
• PEG Ratio: 0.07
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 0.33
• P/FCF Ratio: 19.53
• 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: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: HK$1.00 ▲(25.00% Upside)

The overall stock score reflects a balance between strong technical indicators and a robust balance sheet against poor valuation metrics and liquidity concerns. The company's ability to maintain upward momentum in stock price is a positive, but financial performance and valuation issues pose significant risks.

Positive Factors

Strong Brand Portfolio

A strong brand portfolio enhances market positioning and customer loyalty, enabling the company to maintain premium pricing and competitive advantage.

Solid Balance Sheet

Low financial leverage and a high equity ratio provide financial stability, reducing risk and enhancing the company's ability to invest in growth opportunities.

Improved Profit Margins

Improved profit margins indicate effective cost management and operational efficiency, contributing to better long-term profitability despite revenue challenges.

Negative Factors

Declining Revenue Trend

A continuous decline in revenue can undermine growth prospects and market share, posing challenges to sustaining long-term business performance.

Cash Flow Concerns

Inability to generate cash from operations raises liquidity concerns, potentially limiting the company's capacity to reinvest and fund ongoing operations.

Negative Earnings

Negative earnings suggest financial instability, which may affect investor confidence and the company's ability to attract capital for future growth.

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 multiple streams, including direct sales from its retail outlets, franchise fees from its franchised stores, and online sales through its e-commerce channels. The company benefits from a strong brand portfolio, which allows it to command higher price points and attract a loyal customer base. Additionally, C.banner engages in strategic partnerships with other brands and retailers, further enhancing its market reach and revenue potential. The effectiveness of its supply chain and marketing strategies also plays a significant role in maximizing profit margins and overall financial performance.

C.banner International Holdings Ltd. Financial Statement Overview

Summary

The company 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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.31B	1.39B	1.54B	1.38B	1.63B	1.54B
Gross Profit	748.81M	786.89M	871.44M	767.06M	943.29M	860.67M
EBITDA	-96.50K	26.11M	55.71M	98.42M	28.96M	-34.39M
Net Income	-146.15M	48.25M	20.83M	14.79M	27.35M	5.61M
Balance Sheet
Total Assets	1.33B	1.48B	1.75B	1.72B	1.75B	1.76B
Cash, Cash Equivalents and Short-Term Investments	483.40M	429.75M	663.46M	496.25M	443.12M	546.39M
Total Debt	14.11M	19.37M	21.24M	44.63M	54.94M	71.97M
Total Liabilities	296.99M	296.10M	357.66M	344.55M	391.06M	435.54M
Stockholders Equity	1.03B	1.18B	1.38B	1.36B	1.35B	1.32B
Cash Flow
Free Cash Flow	38.00M	23.50M	177.59M	101.46M	-78.92M	192.87M
Operating Cash Flow	81.05M	107.80M	238.99M	174.74M	31.22M	236.00M
Investing Cash Flow	-41.13M	-74.04M	-43.80M	-91.27M	-100.03M	-51.52M
Financing Cash Flow	-256.43M	-267.47M	-27.98M	-30.34M	-34.46M	-39.15M

C.banner International Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1028, the sentiment is Neutral. The current price of 0.8 is below the 20-day moving average (MA) of 0.85, above the 50-day MA of 0.60, and above the 200-day MA of 0.32, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 52.52 is Neutral, neither overbought nor oversold. The STOCH value of 13.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
1836	82 Outperform	$13.18B	10.56	14.55%	10.03%	-0.14%	-14.24%
0210	70 Outperform	HK$880.48M	7.09	15.44%	4.49%	―	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1028	55 Neutral	HK$1.99B	-10.58	-13.15%	―	-11.17%	-621.38%
1170	49 Neutral	HK$337.81M	-12.44	-2.53%	4.15%	2.32%	-88.07%
0738	48 Neutral	HK$172.24M	-1.69	-18.87%	―	-30.45%	-97.13%
0676	47 Neutral	HK$723.34M	-64.71	-1.85%	1.01%	-33.72%	-550.00%

C.banner International Holdings Ltd. Corporate Events

C.banner International Holdings Announces Board and Committee Roles

C.banner International Holdings Ltd. has announced the composition of its board of directors and the roles within its three key committees: Audit, Remuneration, and Nomination. This announcement underscores the company’s commitment to maintaining robust corporate governance structures, potentially impacting its operational efficiency and stakeholder confidence.

C.banner International Announces Board and Committee Changes

C.banner International Holdings Ltd. announced changes in its board of directors and nomination committee, effective from November 12, 2025. Ms. CHENG Xuanxuan resigned as a non-executive director to focus on other business engagements, while Ms. FAN Yuanyuan and Ms. ZHANG Yichen were appointed as non-executive directors. Ms. FAN also joined the nomination committee. These appointments bring diverse expertise in private equity, financial services, and strategic partnerships, potentially strengthening the company’s strategic direction and market positioning.

C.banner International Holdings Ltd. Enhances AI Capabilities with New Share Issuance

C.banner International Holdings Ltd. announced a supplemental plan regarding the issuance of new shares and unlisted warrants, aiming to raise approximately HK$227 million. The proceeds will be allocated towards enhancing the company’s AI capabilities, including optimizing supply chain management, improving sales and marketing efficiency, recruiting AI talents, and covering general corporate expenses. This strategic move is expected to bolster the company’s operational efficiency and market responsiveness, positioning it more competitively in the industry.

C.banner Announces New Share and Warrant Issuance to Boost Capital

C.banner International Holdings Ltd. announced plans to issue new shares and unlisted warrants under specific mandates. The company entered into agreements to issue 415.4 million subscription shares and 474.5 million warrants, aiming to raise approximately HK$96 million in net proceeds. This strategic move is expected to enhance the company’s capital base and support its growth initiatives, with potential implications for its market positioning and shareholder value.

C.banner International Exits Toy Retail Business with Strategic Sale

C.banner International Holdings Ltd. has entered into an agreement to sell its entire equity interest in Toy Kingdom Hong Kong Limited, effectively exiting the toy retail business. This transaction, involving a connected party, is subject to certain reporting requirements under Hong Kong’s Listing Rules but does not require shareholder approval due to the transaction’s scale.