Honworld Group Ltd. (HK:2226)
:2226
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Honworld Group Ltd.
(2226)
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Rating:39Underperform
Price Target:
HK$0.39
▼(-22.60% Downside)
Action:ReiteratedDate:02/04/26
The score is driven primarily by very weak financial performance (losses, negative equity, and negative operating cash flow). Technicals also remain bearish with the stock below major moving averages and a negative MACD, while valuation signals are limited due to a negative P/E and no dividend yield data.
Positive Factors
Diversified product portfolio
Honworld’s product breadth across supplements, health foods and beverages reduces single-product risk and enables cross-selling across channels. Over the medium term this diversification supports revenue resilience and market adaptability as consumer demand shifts between categories.
Negative Factors
Declining revenue and persistent operating losses
Sustained revenue decline and repeated negative EBIT/EBITDA signal deteriorating market position and unprofitable core operations. Over a multi-month horizon this undermines cash generation and necessitates either operational turnaround or strategic reductions to avoid further erosion.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified product portfolio
Honworld’s product breadth across supplements, health foods and beverages reduces single-product risk and enables cross-selling across channels. Over the medium term this diversification supports revenue resilience and market adaptability as consumer demand shifts between categories.
Read all positive factors
Honworld Group Ltd. (2226) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$231.50M
Dividend YieldN/A
Average Volume (3M)84.43K
Price to Earnings (P/E)―
Beta (1Y)0.04
Revenue Growth-0.28%
EPS Growth1.40%
CountryHK
Employees509
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)-0.50
Shares Outstanding578,750,000
10 Day Avg. Volume31,700
30 Day Avg. Volume84,433
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)-0.11
Price to Sales (P/S)1.19
P/FCF Ratio-15.55
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
Honworld Group Ltd. Business Overview & Revenue Model
Company Description
Honworld Group Limited, an investment holding company, manufactures and sells cooking wine and other condiment products under the Lao Heng He brand in the People's Republic of China. The company offers soy sauce, vinegar, soybean paste, and fermen...
How the Company Makes Money
Honworld Group Ltd. generates revenue through multiple streams, primarily from the sales of its food and beverage products. The company benefits from a robust distribution network that allows it to reach various retail and online channels, enhanci...
Honworld Group Ltd. Financial Statement Overview
Summary
Income Statement
15
Very Negative
Balance Sheet
10
Very Negative
Cash Flow
5
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 275.22M | 275.08M | 258.78M | 271.60M | 252.67M | 226.33M |
| Gross Profit | 62.11M | 68.91M | 74.11M | 74.82M | 68.51M | 45.60M |
| EBITDA | -33.59M | -32.09M | -74.66M | -74.07M | -153.91M | -59.62M |
| Net Income | -520.64M | -516.56M | -524.32M | -486.34M | -318.45M | -845.29M |
Balance Sheet | ||||||
| Total Assets | 1.02B | 1.05B | 1.11B | 1.12B | 1.19B | 1.21B |
| Cash, Cash Equivalents and Short-Term Investments | 5.78M | 6.35M | 10.12M | 9.81M | 31.02M | 8.44M |
| Total Debt | 3.57B | 3.31B | 2.81B | 2.21B | 1.76B | 1.50B |
| Total Liabilities | 4.13B | 3.90B | 3.45B | 2.93B | 2.51B | 2.21B |
| Stockholders Equity | -3.10B | -2.85B | -2.33B | -1.81B | -1.32B | -1.00B |
Cash Flow | ||||||
| Free Cash Flow | 30.85M | -20.97M | -122.22M | -243.70M | -116.33M | -199.17M |
| Operating Cash Flow | 46.37M | -830.00K | -102.22M | -226.80M | -97.81M | -196.79M |
| Investing Cash Flow | -15.49M | -20.13M | -22.46M | -19.02M | -12.42M | 81.33M |
| Financing Cash Flow | -36.03M | 18.62M | 126.05M | 228.54M | 131.75M | -53.31M |
Honworld Group Ltd. Technical Analysis
Neutral
0.50
Price Trends
0.41
Negative
0.46
Negative
0.53
Negative
Market Momentum
>-0.01
Negative
50.65
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2226, the sentiment is Neutral. The current price of 0.5 is above the 20-day moving average (MA) of 0.39, above the 50-day MA of 0.41, and below the 200-day MA of 0.53, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.65 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2226.
Honworld Group Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$3.61B | 7.35 | 9.86% | 3.74% | 11.89% | 27.80% | |
73 Outperform | HK$350.00M | 16.96 | 4.00% | 0.78% | 5.43% | -25.42% | |
65 Neutral | HK$473.10M | 7.85 | 4.61% | 13.51% | 2.82% | -22.62% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
47 Neutral | HK$660.52M | -336.79 | -0.08% | ― | 1.59% | -56.45% | |
44 Neutral | HK$870.87M | 52.45 | -21.92% | ― | 4.72% | 79.88% | |
39 Underperform | HK$231.50M | -0.52 | 17.49% | ― | -0.28% | 1.40% |
* Consumer Defensive Sector Average
HK:2226
Honworld Group Ltd.
0.40
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Honworld Group Ltd. Corporate Events
Honworld’s Public Float Falls Below Hong Kong Listing Threshold
Jan 23, 2026
Honworld Group Limited has disclosed that its public float has dropped to about 23.27% of its issued share capital, below the 25% minimum required for Hong Kong-listed companies, after investor Mao Huixin’s stake rose to roughly 10.09%. With...
Honworld Group Announces Executive Leadership Change
Nov 5, 2025
Honworld Group Limited has announced a change in its executive leadership with the resignation of Mr. Zhu Bing as Executive Director and CEO, effective November 5, 2025, due to other business commitments. Mr. Li Qinghua has been appointed as the n...
Honworld Group Announces Board Restructuring
Nov 5, 2025
Honworld Group Limited has announced changes to its board of directors, effective from November 5, 2025. The board now includes executive directors Mr. Huang Dachun and Mr. Li Qinghua, non-executive director Ms. Wang Yanping, and independent non-e...
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.