Sinomax Group Ltd. (HK:1418)
:1418
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Sinomax Group Ltd.
(1418)
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Rating:57Neutral
Price Target:
HK$0.18
▼(-21.74% Downside)
Action:Downgraded
Date:05/02/26
The score is held back mainly by deteriorating margins, weaker cash conversion, and rising leverage, plus a bearish technical setup with negative momentum despite oversold signals. These are partially offset by an attractive valuation profile (low P/E and high dividend yield).
Positive Factors
Revenue rebound / demand resilience
A strong revenue rebound (≈18% YoY in 2025, plus multi-year top-line growth) implies resilient end-market demand and improved order visibility. Sustained sales growth supports better capacity utilization and provides a foundation for recovering profitability and stable production planning over coming months.
Negative Factors
Margin deterioration
Sharp margin compression to ~1.3% reduces the firm's ability to internally fund investments, absorb raw-material inflation, or maintain payouts. Persistently thin margins make earnings highly sensitive to pricing pressure or cost shocks and constrain long-term earnings stability absent structural margin improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound / demand resilience
A strong revenue rebound (≈18% YoY in 2025, plus multi-year top-line growth) implies resilient end-market demand and improved order visibility. Sustained sales growth supports better capacity utilization and provides a foundation for recovering profitability and stable production planning over coming months.
Read all positive factors
Sinomax Group Ltd. (1418) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$273.00M
Dividend Yield7.76%
Average Volume (3M)293.40K
Price to Earnings (P/E)6.8
Beta (1Y)0.70
Revenue Growth14.80%
EPS Growth-56.27%
CountryHK
Employees3,333
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)0.04
Shares Outstanding1,750,002,100
10 Day Avg. Volume335,200
30 Day Avg. Volume293,400
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)0.40
Price to Sales (P/S)0.09
P/FCF Ratio7.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sinomax Group Ltd. Business Overview & Revenue Model
Company Description
Sinomax Group Limited, an investment holding company, manufactures, and sells health and household products, and polyurethane foam. The company offers viscoelastic pillows, mattress toppers, and mattresses under the SINOMAX, Octaspring, Zeopedic, ...
How the Company Makes Money
Sinomax makes money primarily by manufacturing and selling PU foam and finished foam-based consumer products. Key revenue streams typically include: (1) Sales of finished bedding and comfort products (e.g., mattresses, mattress toppers, pillows, c...
Sinomax Group Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
55
Neutral
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.70B | 4.09B | 3.61B | 3.17B | 4.26B |
| Gross Profit | 1.10B | 1.05B | 919.72M | 586.55M | 716.95M |
| EBITDA | 222.55M | 324.37M | 320.07M | 163.28M | 234.82M |
| Net Income | 60.30M | 138.07M | 62.59M | -35.97M | 15.30M |
Balance Sheet | |||||
| Total Assets | 3.24B | 2.56B | 2.41B | 2.24B | 2.83B |
| Cash, Cash Equivalents and Short-Term Investments | 386.86M | 262.44M | 309.92M | 168.96M | 229.71M |
| Total Debt | 1.06B | 743.79M | 722.62M | 822.00M | 944.87M |
| Total Liabilities | 2.16B | 1.56B | 1.49B | 1.35B | 1.82B |
| Stockholders Equity | 1.03B | 973.71M | 925.76M | 895.20M | 992.82M |
Cash Flow | |||||
| Free Cash Flow | 57.95M | 184.10M | 358.11M | 98.55M | 69.70M |
| Operating Cash Flow | 150.74M | 249.94M | 420.35M | 149.60M | 118.34M |
| Investing Cash Flow | -156.86M | -82.70M | -49.46M | -20.79M | 28.19M |
| Financing Cash Flow | 115.45M | -214.09M | -231.43M | -191.18M | -55.86M |
Sinomax Group Ltd. Technical Analysis
Negative
0.23
Price Trends
0.18
Negative
0.20
Negative
0.22
Negative
Market Momentum
>-0.01
Negative
40.65
Neutral
34.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1418, the sentiment is Negative. The current price of 0.23 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.18, and above the 200-day MA of 0.22, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.65 is Neutral, neither overbought nor oversold. The STOCH value of 34.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1418.
Sinomax Group Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$14.16B | 6.26 | 13.03% | 5.53% | -2.80% | -12.13% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$488.10M | 5.16 | 4.84% | 7.24% | -6.53% | -49.31% | |
57 Neutral | HK$273.00M | 6.76 | 6.01% | 7.76% | 14.80% | -56.27% | |
41 Neutral | HK$162.72M | -1.41 | 32.91% | ― | -45.11% | 14.93% | |
41 Neutral | HK$76.58M | -0.04 | ― | ― | ― | ― | |
40 Underperform | HK$252.06M | -0.46 | -40.16% | ― | -27.42% | -80.52% |
* Consumer Cyclical Sector Average
HK:1418
Sinomax Group Ltd.
0.16
-0.11
-41.57%
HK:1373
International Housewares Retail Co
0.69
-0.18
-20.42%
HK:1999
Man Wah Holdings
3.65
-0.29
-7.29%
HK:1198
Royale Home Holdings Limited
0.10
-0.17
-63.40%
HK:1575
Morris Home Holdings Limited
0.04
-0.02
-31.75%
HK:2127
Huisen Household International Group Limited
0.02
0.00
0.00%
Sinomax Group Ltd. Corporate Events
Sinomax Sets 2026 AGM to Approve Results, Dividend and New Share Mandate
Apr 29, 2026
Sinomax Group Limited has convened its annual general meeting for 29 May 2026 in Hong Kong, where shareholders will review and approve the audited consolidated financial statements for the year ended 31 December 2025 and consider a proposed final ...
Sinomax Grows Revenue in 2025 but Profit Nearly Halves as Costs Climb
Mar 24, 2026
Sinomax Group Limited, a Hong Kong-listed producer of foam-based bedding and comfort products, operates through retail and OEM channels across major consumer markets. The company targets broad consumer segments with mattresses, pillows and related...
Sinomax Group Declares Final Dividend for 2025 Financial Year
Mar 24, 2026
Sinomax Group Limited, a Hong Kong-listed consumer products manufacturer focused on household goods, is governed by a board that includes executive, non-executive and independent non-executive directors, reflecting standard corporate governance pr...
Sinomax Sets March Board Meeting to Approve 2025 Annual Results
Mar 2, 2026
Sinomax Group Limited has scheduled a board meeting for 24 March 2026 to review and approve the annual results for the year ended 31 December 2025, and to authorize the publication of those results. The board will also consider recommending a fina...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.