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Easyknit International Holdings Ltd
(1218)
Easyknit International Holdings Ltd (1218) vs. iShares MSCI Hong Kong ETF (EWH)
Easyknit International Holdings Ltd Business Overview & Revenue Model
Easyknit International Holdings Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 278.38M | 488.49M | 227.11M | 86.76M | 350.78M | 323.38M |
| Gross Profit | -40.28M | -17.05M | 58.08M | 58.98M | 174.99M | 100.00M |
| EBITDA | -196.80M | 81.74M | -258.48M | 92.78M | -6.07M | 97.25M |
| Net Income | -892.17M | -717.67M | -253.24M | 13.28M | 979.44M | 22.31M |
Balance Sheet | ||||||
| Total Assets | 3.61B | 3.33B | 8.74B | 9.19B | 8.92B | 4.90B |
| Cash, Cash Equivalents and Short-Term Investments | 108.11M | 87.88M | 547.88M | 541.75M | 567.14M | 464.84M |
| Total Debt | 1.52B | 1.27B | 3.67B | 3.53B | 3.56B | 1.47B |
| Total Liabilities | 1.87B | 1.60B | 4.14B | 4.20B | 3.98B | 1.67B |
| Stockholders Equity | 1.74B | 1.73B | 2.41B | 3.45B | 4.18B | 3.23B |
Cash Flow | ||||||
| Free Cash Flow | 61.59M | 358.85M | -337.70M | -138.95M | -453.63M | 257.27M |
| Operating Cash Flow | 63.00M | 358.93M | -336.26M | -135.54M | -440.97M | 257.46M |
| Investing Cash Flow | -192.43M | -239.07M | 284.20M | 420.63M | -233.89M | -53.71M |
| Financing Cash Flow | -232.82M | -411.61M | -28.03M | -66.69M | 550.52M | -13.45M |
Easyknit International Holdings Ltd Technical Analysis
Easyknit International Holdings Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $10.82B | 16.31 | 8.86% | 2.03% | 2.58% | -16.43% | |
59 Neutral | HK$140.58M | 8.50 | 0.75% | ― | 115.09% | ― | |
| ― | $16.38M | 1.25 | -0.39% | ― | ― | ― | |
| ― | €18.25M | ― | ― | ― | ― | ||
| ― | €17.50M | ― | -238.71% | ― | ― | ― | |
| ― | €84.05M | ― | -11.65% | ― | ― | ― | |
| ― | €25.51M | ― | -27.47% | ― | ― | ― |
Easyknit International Holdings Ltd Corporate Events
Easyknit International Holdings Ltd announced a delay in the dispatch of a circular related to a possible major transaction involving the disposal of listed securities. The circular, initially expected to be sent by August 15, 2025, will now be postponed to on or before August 25, 2025, due to the need for additional time to finalize the information. This delay may impact shareholders and stakeholders awaiting further details on the transaction.
Easyknit International Holdings Ltd, through its subsidiaries Mark Profit and Constance Capital, is considering the disposal of its shares in Best Food Holdings. This transaction, classified as a major transaction under the Hong Kong Stock Exchange Listing Rules, requires shareholder approval due to the significant percentage ratios involved. The company holds approximately 4.46% of Best Food’s issued share capital and plans to sell these shares at a minimum price of HK$0.80 per share, which is a discount from the recent trading price. The disposal will proceed only if certain conditions, including shareholder approval and market conditions, are met.
Easyknit International Holdings Ltd, through its indirect wholly-owned subsidiary Mark Profit, has disposed of 2,590,000 shares of Best Food, a company engaged in the operation of chain restaurants and food and beverage businesses in China. This transaction, which represents approximately 0.16% of Best Food’s total issued shares, generated gross sales proceeds of approximately HK$2,512,300. The disposal is classified as a discloseable transaction under the Hong Kong Stock Exchange’s Listing Rules, as it exceeds 5% but is less than 25% of the applicable percentage ratios. Following this transaction, Easyknit International Holdings Ltd’s stake in Best Food has decreased from 4.63% to 4.46%.
Easyknit International Holdings Ltd, through its indirect wholly-owned subsidiary Mark Profit, has disposed of 990,000 shares of Best Food, a company engaged in the operation of chain restaurants and food and beverage businesses primarily in the Chinese market. This transaction, which represents approximately 0.06% of Best Food’s total issued shares, resulted in gross sales proceeds of about HK$960,300. Following this disposal, Easyknit holds 73,050,000 Best Food shares, equating to roughly 4.63% of the total issued shares. The disposal is classified as a discloseable transaction under the Hong Kong Stock Exchange’s Listing Rules, requiring reporting and announcement due to the applicable percentage ratios exceeding 5% but remaining below 25%.
Easyknit International Holdings Ltd has announced its upcoming Annual General Meeting (AGM) scheduled for August 21, 2025. The agenda includes adopting financial statements, re-electing directors, and re-appointing auditors. Additionally, the company seeks approval for directors to issue additional shares, which could influence its capital structure and shareholder value.
Easyknit International Holdings Ltd reported its annual results for the year ended March 31, 2025, showing a significant increase in revenue from continuing operations by 148.7% to HK$488,489,000. Despite this, the company faced a gross loss of HK$17,052,000 and a substantial loss from discontinued operations, resulting in a basic loss per share of HK$9.71. The company’s total assets and net asset value saw a significant decline, impacting its financial stability and market positioning.
Easyknit International Holdings Limited has issued a profit warning, anticipating a significant increase in its consolidated net loss for the year ending March 31, 2025, compared to the previous year. The expected loss of not less than HK$700 million is primarily due to the loss on deemed disposal of subsidiaries, although partially offset by gains in other areas. Stakeholders are advised to exercise caution as the company finalizes its annual results, which are expected to be released by June 30, 2025.
Easyknit International Holdings Ltd has announced that its Board of Directors will meet on June 27, 2025, to discuss and approve the audited annual results for the fiscal year ending March 31, 2025. The meeting will also consider the recommendation for a final dividend payment. This announcement indicates the company’s ongoing commitment to transparency and shareholder engagement, potentially impacting investor confidence and market perception.
Easyknit International Holdings Ltd, through its subsidiary Goodco, and Eminence Enterprise Limited have agreed to amend the conversion price of the 2023 Convertible Note from HK$0.14 to HK$0.07 per share. This amendment, which requires approval from the Stock Exchange, aims to adjust the terms of the convertible debt securities, potentially impacting the financial strategies of both companies and their stakeholders.