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Bonny International Holding Ltd. (HK:1906)
:1906
Hong Kong Market

Bonny International Holding Ltd. (1906) AI Stock Analysis

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HK

Bonny International Holding Ltd.

(1906)

Rating:43Neutral
Price Target:
HK$0.50
▲(47.06%Upside)
The most significant factor affecting the score is the company's poor financial performance, marked by declining revenues and persistent losses. Valuation further exacerbates concerns with a negative P/E ratio, indicating financial distress. Technical analysis adds a neutral view with slight bearish tendencies, contributing moderately to the score. The absence of earnings call and corporate events data limits additional insights.

Bonny International Holding Ltd. (1906) vs. iShares MSCI Hong Kong ETF (EWH)

Bonny International Holding Ltd. Business Overview & Revenue Model

Company DescriptionBonny International Holding Ltd. (1906) is a company engaged primarily in the design, manufacturing, and sale of intimate wear. Based in China, the company offers a wide variety of products including bras, panties, shapewear, and loungewear, catering to both domestic and international markets. The company is known for its emphasis on quality, comfort, and innovative design in the intimate apparel sector.
How the Company Makes MoneyBonny International Holding Ltd. generates revenue through the sale of its intimate wear products. The company's key revenue streams include wholesale distribution to retailers, direct-to-consumer sales through online and offline channels, and private label manufacturing for other brands. Additionally, the company benefits from strategic partnerships with retail chains and e-commerce platforms, which help to broaden its market reach and increase sales volumes. Bonny International also invests in marketing and promotional activities to enhance brand recognition and consumer demand, further driving revenue growth.

Bonny International Holding Ltd. Financial Statement Overview

Summary
Bonny International Holding Ltd. faces significant financial challenges, with declining revenues, persistent losses, and negative cash flows indicating operational inefficiencies. While the company's leverage is moderate, the negative trends in profitability and cash flow highlight underlying financial instability.
Income Statement
40
Negative
The company shows a declining trend in revenue and profitability. Gross profit margin decreased from 40.9% in 2020 to 29.6% in 2024, and net income turned negative in recent years, indicating profitability challenges. Despite an improvement in EBIT margin from -29.8% in 2023 to -4.8% in 2024, the overall margins remain negative.
Balance Sheet
55
Neutral
The balance sheet reflects moderate leverage with a debt-to-equity ratio of 0.49 in 2024. The equity ratio stands at 55%, indicating a stable capital structure. However, continuous losses have eroded equity over time, posing a potential risk.
Cash Flow
30
Negative
Free cash flow has been consistently negative, indicating operational and investment challenges. Operating cash flow to net income ratio is not calculable due to negative net income, reflecting cash flow difficulties stemming from weak operational performance.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue266.74M177.67M160.91M248.78M287.81M
Gross Profit78.86M41.67M31.64M65.66M117.72M
EBITDA17.43M-17.93M-48.84M-29.05M4.30M
Net Income-16.73M-45.27M-70.94M-6.55M48.28M
Balance Sheet
Total Assets644.80M588.08M571.50M593.73M658.54M
Cash, Cash Equivalents and Short-Term Investments14.15M3.65M10.73M12.76M54.13M
Total Debt172.71M133.59M144.24M144.79M124.52M
Total Liabilities289.27M275.40M281.56M248.00M312.82M
Stockholders Equity354.41M311.55M288.88M344.66M344.65M
Cash Flow
Free Cash Flow-56.57M-6.73M-7.32M-52.63M-41.15M
Operating Cash Flow5.21M9.56M28.89M27.27M53.03M
Investing Cash Flow-57.63M-10.10M-36.37M-71.88M57.43M
Financing Cash Flow56.42M-2.29M5.11M5.06M-121.24M

Bonny International Holding Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.34
Price Trends
50DMA
0.35
Negative
100DMA
0.36
Negative
200DMA
0.35
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
50.85
Neutral
STOCH
53.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1906, the sentiment is Positive. The current price of 0.34 is above the 20-day moving average (MA) of 0.33, below the 50-day MA of 0.35, and below the 200-day MA of 0.35, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.85 is Neutral, neither overbought nor oversold. The STOCH value of 53.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1906.

Bonny International Holding Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
HK$526.42M3.826.38%2.08%7.08%190.74%
67
Neutral
HK$162.00M2.6128.06%9.26%48.01%
56
Neutral
$3.37B4.05-1.30%6.64%0.16%-63.79%
51
Neutral
HK$382.53M-20.60%154.67%-81.13%
45
Neutral
HK$463.37M-1.72%14.05%56.22%
43
Neutral
HK$492.83M-5.04%46.93%63.40%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1906
Bonny International Holding Ltd.
0.34
>-0.01
-2.86%
HK:3778
China Weaving Materials Holdings Ltd.
0.37
0.10
37.04%
HK:2298
Cosmo Lady (China) Holdings Co. Ltd.
0.24
0.04
20.00%
HK:1433
Cirtek Holdings Limited
0.08
0.04
100.00%
HK:1247
Miko International Holdings Ltd.
1.74
0.14
8.75%

Bonny International Holding Ltd. Corporate Events

Bonny International Appoints New Nomination Committee Members
Jun 27, 2025

Bonny International Holding Limited, a company incorporated in the Cayman Islands, has announced the appointment of Ms. Gong Lijin and Mr. Chow Chi Hang Tony to its Nomination Committee. This move is in compliance with upcoming amendments to the Corporate Governance Code of the Hong Kong Stock Exchange, effective from July 1, 2025. The appointments are effective from June 27, 2025, and are part of the company’s efforts to align with regulatory requirements, potentially impacting its governance structure positively.

Bonny International Updates Nomination Committee Terms
Jun 27, 2025

Bonny International Holding Limited has revised the terms of reference for its Nomination Committee, which is responsible for nominating directors to the Board. The committee will consist of at least three members, with a majority being independent non-executive directors and at least one member of a different gender. This revision aims to enhance the governance structure of the company by ensuring diversity and independence in its board nominations, potentially impacting the company’s strategic direction and stakeholder confidence.

Bonny International Announces Board Composition and Committee Roles
Jun 27, 2025

Bonny International Holding Ltd. has announced the composition of its board of directors, which includes executive, non-executive, and independent non-executive directors. The company has also established three standing board committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, with specific directors assigned as members or chairpersons of these committees.

Bonny International Announces Lease Agreement for Zhejiang Factory
Jun 10, 2025

Bonny International Holding Ltd. announced a connected transaction involving a lease agreement between its subsidiary, Zhejiang Bonny, and Zhejiang Hongliu, a company indirectly owned by the son of Bonny’s controlling shareholder. The lease agreement, effective from December 2025 to November 2028, involves a factory in Yiwu City, Zhejiang, to be used as a printing and dyeing facility. The transaction, valued at approximately RMB4,070,000, is recognized as a right-of-use asset under HKFRS 16 and is subject to reporting and announcement requirements under Hong Kong’s Listing Rules.

Bonny International’s AGM Resolutions Unanimously Approved
May 29, 2025

Bonny International Holding Limited successfully held its Annual General Meeting on May 29, 2025, where all proposed resolutions were approved unanimously by the shareholders. The resolutions included the re-election of directors, re-appointment of auditors, and granting of general mandates to the board, reflecting strong shareholder support and confidence in the company’s governance and strategic direction.

Bonny International Announces 2025 AGM with Key Resolutions
Apr 29, 2025

Bonny International Holding Limited has announced its upcoming annual general meeting scheduled for May 29, 2025, in Yiwu City, Zhejiang Province, PRC. Key agenda items include the consideration of the company’s audited financial statements for 2024, re-election of directors, and re-appointment of Ernst & Young as the company’s auditor. Additionally, the meeting will address resolutions to authorize the board to manage share capital activities, potentially impacting the company’s strategic financial operations and shareholder value.

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.Date of analysis: Jul 05, 2025