Crystal International Group Limited (2232) AI Stock Analysis

• Market Cap: HK$12.70B
• Dividend Yield: 12.4%
• Average Volume (3M): 4.55M
• Price to Earnings (P/E): 8.1
• Beta (1Y): 0.39
• Revenue Growth: 13.03%
• EPS Growth: 22.23%
• Country: HK
• Employees: 75,000
• Sector: Consumer Cyclical
• Sector Strength: 59
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.55
• Shares Outstanding: 2,852,822,000
• 10 Day Avg. Volume: 3,657,562
• 30 Day Avg. Volume: 4,551,589
• PEG Ratio: 0.53
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -391.37
• Enterprise Value/Market Cap: 0.11
• Enterprise Value/Revenue: 0.15
• Enterprise Value/Gross Profit: 2.85
• Enterprise Value/Ebitda: 1.26
• 1Y Price Target: HK$5.30
• Price Target Upside: 19.10% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 70 Neutral
• Price Target: HK$5.00 ▲(12.36%Upside)

Crystal International Group Limited has strong financial health and attractive valuation metrics, which are the most significant factors contributing to its overall score. However, bearish technical indicators and cash flow management issues slightly offset these strengths.

Crystal International Group Limited Business Overview & Revenue Model

Company Description

Crystal International Group Limited, an investment holding company, manufactures and trades in garments in the Asia Pacific, the United States, Europe, and internationally. The company offers lifestyle wear, denim, intimate, sweater, and sportswear and outdoor apparel. It serves various apparel brands. The company was formerly known as Crystal International Limited and changed its name to Crystal International Group Limited in March 2017. Crystal International Group Limited was founded in 1970 and is headquartered in Kwun Tong, Hong Kong.

How the Company Makes Money

Crystal International Group Limited generates revenue primarily through the manufacturing and sale of apparel products to global fashion brands. The company's key revenue streams include the production of casual wear, sportswear, and intimate wear, which are sold to leading international retail brands. Crystal International benefits from its strategic manufacturing locations across Asia, which allow it to optimize production costs and maintain competitive pricing. Additionally, the company engages in long-term partnerships with major brands, ensuring a consistent demand for its products and contributing to stable revenue growth.

Crystal International Group Limited Financial Statement Overview

Summary

Crystal International Group Limited exhibits strong financial performance with a robust balance sheet and positive revenue growth. However, cash flow management shows some challenges, which slightly tempers the overall score.

Income Statement

Crystal International Group Limited shows a stable financial performance with a gross profit margin of 19.69% and a net profit margin of 8.12% for the latest year. The company has demonstrated revenue growth of 13.42% from the previous year, indicating a positive trajectory. EBIT and EBITDA margins at 9.31% and 12.18% respectively reflect a healthy operating efficiency.

Balance Sheet

The company maintains a strong financial position with a low debt-to-equity ratio of 0.11, suggesting minimal leverage risk. The return on equity is 13.10%, indicating effective use of equity to generate profits. An equity ratio of 67.89% highlights a solid financial structure with substantial assets funded by equity.

Cash Flow

Cash flow metrics indicate some challenges, with operating cash flow to net income ratio not calculable due to zero operating cash flow reported. The free cash flow has not shown growth, and the free cash flow to net income ratio is also not calculable for the latest period, suggesting potential concerns in cash management.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.47B	2.18B	2.49B	2.34B	1.99B
Gross Profit	486.22M	417.78M	477.62M	447.61M	385.87M
EBITDA	300.88M	248.03M	295.71M	260.81M	202.19M
Net Income	200.50M	163.48M	172.73M	163.11M	108.08M
Balance Sheet
Total Assets	2.25B	1.97B	1.89B	1.96B	1.78B
Cash, Cash Equivalents and Short-Term Investments	573.46M	607.14M	455.06M	401.27M	383.43M
Total Debt	174.70M	89.89M	132.52M	198.43M	202.49M
Total Liabilities	719.01M	535.66M	549.67M	666.18M	618.13M
Stockholders Equity	1.53B	1.43B	1.34B	1.29B	1.16B
Cash Flow
Free Cash Flow	-3.25M	269.05M	257.40M	124.46M	265.88M
Operating Cash Flow	105.54M	312.97M	349.15M	189.86M	323.85M
Investing Cash Flow	-167.93M	-88.42M	-135.48M	-84.99M	-43.39M
Financing Cash Flow	-53.85M	-134.74M	-144.58M	-93.71M	-161.06M

Crystal International Group Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2232, the sentiment is Negative. The current price of 4.45 is below the 20-day moving average (MA) of 4.67, below the 50-day MA of 4.56, and above the 200-day MA of 4.33, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 42.61 is Neutral, neither overbought nor oversold. The STOCH value of 14.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2232.

Crystal International Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2232	70 Neutral	HK$12.70B	8.11	13.55%	12.40%	13.03%	22.23%
Sector *	62 Neutral	$16.72B	10.85	-7.48%	3.11%	1.66%	-24.52%
BSDGF		$6.51B	12.44	22.98%	5.68%	―	―
PTEXF		$225.14M	10.45	5.75%	21.05%	―	―
SZHIF		$10.53B	12.10	18.17%	4.72%	―	―
5LX		€482.92M	7.84	11.40%	19.41%	―	―
2299	73 Outperform	HK$9.52B	11.75	7.06%	―	14.35%	107.03%

Crystal International Group Limited Corporate Events

Crystal International’s AGM Resolutions Passed with Strong Shareholder Support

Crystal International Group Limited held its Annual General Meeting on May 30, 2025, where all proposed resolutions were passed. Key resolutions included the approval of financial statements, declaration of dividends, re-election of directors, and granting of mandates for share repurchase and issuance. The successful passage of these resolutions reflects strong shareholder support and positions the company for continued operational and strategic initiatives.

The most recent analyst rating on (HK:2232) stock is a Buy with a HK$6.25 price target. To see the full list of analyst forecasts on Crystal International Group Limited stock, see the HK:2232 Stock Forecast page.

Crystal International Announces 2025 AGM Agenda and Key Resolutions

Crystal International Group Limited, a company incorporated in Bermuda and registered in the Cayman Islands, has announced its upcoming Annual General Meeting to be held on May 30, 2025, in Hong Kong. Key agenda items include the approval of audited financial statements for 2024, the declaration of a final and special dividend, and the re-election of several directors. Additionally, the company seeks authorization for a share repurchase mandate and the reappointment of Deloitte Touche Tohmatsu as auditors. These resolutions, if passed, will impact the company’s financial management and governance structure, potentially affecting shareholder value and market perception.