Bonny International Holding Ltd. (HK:1906)
:1906
Want to see HK:1906 full AI Analyst Report?
Top Page
Bonny International Holding Ltd.
(1906)
Select Model
Select Model
Rating:46Neutral
Price Target:
HK$0.55
▲(14.38% Upside)
Action:ReiteratedDate:04/27/26
The score is held back primarily by weak and worsening profitability and persistent negative free cash flow, despite a notable improvement in operating cash flow. Technical indicators are broadly neutral and do not provide a strong momentum tailwind. Valuation is also constrained by loss-making results (negative P/E) and no dividend yield data.
Positive Factors
Operating cash flow improvement
A material uplift in operating cash flow signals improved underlying cash generation from core activities. If sustained, stronger OCF reduces reliance on external funding, supports working capital and targeted investments, and provides a more durable base to pursue profitability recovery over months.
Negative Factors
Deteriorating profitability
Widening net losses and volatile multi-year earnings reduce retained earnings and management’s ability to invest in growth. Persistent negative margins erode equity and make profitable scale harder to achieve, undermining the firm's capacity to self-fund recovery over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash flow improvement
A material uplift in operating cash flow signals improved underlying cash generation from core activities. If sustained, stronger OCF reduces reliance on external funding, supports working capital and targeted investments, and provides a more durable base to pursue profitability recovery over months.
Read all positive factors
Bonny International Holding Ltd. (1906) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$823.83M
Dividend YieldN/A
Average Volume (3M)6.34M
Price to Earnings (P/E)―
Beta (1Y)-0.23
Revenue Growth-13.06%
EPS Growth-197.89%
CountryHK
Employees777
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.04
Shares Outstanding1,471,123,700
10 Day Avg. Volume7,071,000
30 Day Avg. Volume6,344,750
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)2.09
Price to Sales (P/S)2.75
P/FCF Ratio-23.09
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
Bonny International Holding Ltd. Business Overview & Revenue Model
Company Description
Bonny International Holding Limited, an investment holding company, manufactures and sells intimate wear products. It operates in two segments, Original Design Manufacture (ODM) Products and Brand Products. The ODM Products segment manufactures an...
How the Company Makes Money
Bonny International Holding Ltd. primarily makes money by selling lingerie and related apparel products to customers through its sales and distribution channels. Key revenue streams generally include (1) product sales under its own brands (earning...
Bonny International Holding Ltd. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
46
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 225.84M | 266.74M | 177.67M | 160.91M | 248.78M |
| Gross Profit | 65.43M | 78.86M | 41.67M | 31.64M | 65.66M |
| EBITDA | 9.37M | 17.43M | -17.93M | -48.84M | -29.05M |
| Net Income | -55.32M | -16.73M | -45.27M | -70.94M | -6.55M |
Balance Sheet | |||||
| Total Assets | 623.27M | 644.80M | 588.08M | 571.50M | 593.73M |
| Cash, Cash Equivalents and Short-Term Investments | 21.05M | 14.15M | 3.65M | 10.73M | 12.76M |
| Total Debt | 227.57M | 172.71M | 133.59M | 144.24M | 144.79M |
| Total Liabilities | 325.15M | 289.27M | 275.40M | 281.56M | 248.00M |
| Stockholders Equity | 297.00M | 354.41M | 311.55M | 288.88M | 344.66M |
Cash Flow | |||||
| Free Cash Flow | -26.89M | -56.57M | -6.73M | -7.32M | -52.63M |
| Operating Cash Flow | 31.13M | 5.21M | 9.56M | 28.89M | 27.27M |
| Investing Cash Flow | -57.68M | -57.63M | -10.10M | -36.37M | -71.88M |
| Financing Cash Flow | 39.34M | 56.42M | -2.29M | 5.11M | 5.06M |
Bonny International Holding Ltd. Technical Analysis
Negative
0.48
Price Trends
0.57
Negative
0.53
Negative
0.48
Positive
Market Momentum
>-0.01
Positive
45.05
Neutral
47.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1906, the sentiment is Negative. The current price of 0.48 is below the 20-day moving average (MA) of 0.56, below the 50-day MA of 0.57, and above the 200-day MA of 0.48, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.05 is Neutral, neither overbought nor oversold. The STOCH value of 47.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1906.
Bonny International Holding Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$162.00M | 1.58 | 22.49% | 7.89% | 14.30% | 125.41% | |
63 Neutral | HK$409.52M | 7.23 | 2.16% | 2.33% | -8.16% | -23.90% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$1.06B | 5.21 | 5.79% | 6.04% | -1.81% | -2.23% | |
51 Neutral | HK$375.70M | -51.74 | -1.02% | 4.55% | -14.46% | 44.09% | |
49 Neutral | HK$358.99M | -9.67 | -40.73% | ― | 56.41% | -88.86% | |
46 Neutral | HK$823.83M | -11.23 | -17.17% | ― | -13.06% | -197.89% |
* Consumer Cyclical Sector Average
HK:1906
Bonny International Holding Ltd.
0.56
0.19
51.35%
HK:0608
High Fashion International Limited
1.29
-0.07
-5.15%
HK:1247
Miko International Holdings Ltd.
1.65
0.03
1.85%
HK:1433
Cirtek Holdings Limited
0.08
<0.01
12.50%
HK:2298
Cosmo Lady (China) Holdings Co. Ltd.
0.47
0.24
107.05%
HK:3778
China Weaving Materials Holdings Ltd.
3.00
-0.67
-18.26%
Bonny International Holding Ltd. Corporate Events
Bonny International Delays Circular on Major Disposal of Hongkong Bonny Unit
Apr 27, 2026
Bonny International Holding Limited has postponed the despatch of a shareholder circular related to a very substantial disposal and connected transaction involving the sale of its entire equity interest in Hongkong Bonny Limited, as well as a post...
Bonny International Sets 2026 AGM to Renew Mandates and Share Issuance Authority
Apr 23, 2026
Bonny International Holding Limited has called its annual general meeting for 18 June 2026 in Yiwu City, Zhejiang Province, where shareholders will review the audited consolidated financial statements and directors’ and auditor’s repor...
Bonny International to Divest Loss-Making Brand Unit in Major Connected Deal
Apr 10, 2026
Bonny International Holding Ltd., a maker of seamless and traditional intimate wear that serves both OEM clients and Chinese retail consumers, has long relied on a dual model of original design manufacturing and branded sales under its “Bonn...
Bonny International’s Annual Loss Widens as Revenue Falls and Property Values Slide
Mar 27, 2026
Bonny International Holding Ltd. reported a decline in revenue to RMB231.8 million for the year ended 31 December 2025, down from RMB266.7 million a year earlier, with gross profit falling to RMB67.2 million from RMB78.9 million. The group’s...
Bonny International flags sharply wider 2025 loss on revenue drop and property hit
Mar 11, 2026
Bonny International Holding Ltd. has warned that its loss attributable to shareholders for 2025 will widen sharply to an estimated RMB52 million to RMB58 million, compared with a loss of about RMB16.7 million in 2024. The deterioration follows a r...
Bonny International Sets March Board Meeting to Approve 2025 Results and Consider Dividend
Mar 10, 2026
Bonny International Holding Ltd. has scheduled a board meeting for 27 March 2026 to review and approve the consolidated annual results for the year ended 31 December 2025, alongside authorising their release to the market. The board will also cons...
Bonny International Confirms Company Secretary Qualification, Retains Joint Role for Governance
Feb 25, 2026
Bonny International Holding Limited announced that the Hong Kong Stock Exchange has confirmed joint company secretary Zhao Hui now meets the formal qualification requirements under Listing Rules 3.28 and 8.17 to act as the company secretary. This ...
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.