Folangsi Co., Limited Class H (HK:2499)
:2499
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Folangsi Co., Limited Class H
(2499)
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Rating:57Neutral
Price Target:
HK$6.00
▲(4.17% Upside)
Action:Reiterated
Date:04/26/26
The score is driven primarily by financial performance: steady operating margins and solid cash generation are offset by high leverage and 2025 revenue/net income softness. Technical signals are mixed/neutral, and valuation (P/E ~23.5 with a low ~0.55% yield) provides only modest support.
Positive Factors
Stable operating margins
Consistent gross margins near 29–32% and EBIT around 10–11% indicate a resilient core manufacturing and pricing model. Stable operating margins support predictable operating cash generation, enable reinvestment in product capability, and reduce sensitivity to cyclical revenue swings over months.
Negative Factors
Elevated leverage
High debt-to-equity (~1.83) materially reduces financial flexibility and raises interest and refinancing risk. With significant leverage, the firm is more exposed to profit dips and cash flow variability, constraining capital allocation and increasing the probability of forced deleveraging during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable operating margins
Consistent gross margins near 29–32% and EBIT around 10–11% indicate a resilient core manufacturing and pricing model. Stable operating margins support predictable operating cash generation, enable reinvestment in product capability, and reduce sensitivity to cyclical revenue swings over months.
Read all positive factors
Folangsi Co., Limited Class H (2499) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.11B
Dividend Yield0.53%
Average Volume (3M)77.44K
Price to Earnings (P/E)15.0
Beta (1Y)0.09
Revenue Growth8.60%
EPS Growth-19.55%
CountryHK
Employees2,013
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)0.23
Shares Outstanding264,151,700
10 Day Avg. Volume48,100
30 Day Avg. Volume77,440
Financial Highlights & Ratios
PEG Ratio-1.11
Price to Book (P/B)1.50
Price to Sales (P/S)1.08
P/FCF Ratio4.28
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)0.87
Revenue Forecast (FY)HK$2.72B
Folangsi Co., Limited Class H Business Overview & Revenue Model
Company Description
Folangsi Co., Ltd., provides on-site logistics equipment solutions in China. It offers intralogistics equipment subscription; maintenance and repair services; sales of intralogistics equipment and parts; and an intelligent asset and operation mana...
Folangsi Co., Limited Class H Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
44
Neutral
Cash Flow
68
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.75B | 1.61B | 1.37B | 1.19B | 1.17B |
| Gross Profit | 523.98M | 463.73M | 417.40M | 361.66M | 374.17M |
| EBITDA | 361.80M | 375.24M | 363.53M | 325.71M | 522.51M |
| Net Income | 82.21M | 101.96M | 31.22M | 35.40M | 55.18M |
Balance Sheet | |||||
| Total Assets | 4.11B | 3.78B | 3.15B | 2.66B | 2.56B |
| Cash, Cash Equivalents and Short-Term Investments | 217.62M | 154.90M | 210.19M | 151.49M | 232.92M |
| Total Debt | 2.28B | 2.01B | 1.58B | 1.37B | 1.33B |
| Total Liabilities | 2.86B | 2.60B | 2.07B | 1.76B | 1.70B |
| Stockholders Equity | 1.25B | 1.18B | 1.08B | 899.46M | 864.06M |
Cash Flow | |||||
| Free Cash Flow | 439.40M | 489.52M | 252.63M | 300.12M | 242.39M |
| Operating Cash Flow | 579.23M | 626.67M | 506.98M | 522.19M | 527.63M |
| Investing Cash Flow | -139.60M | -172.47M | -253.68M | -226.17M | -285.36M |
| Financing Cash Flow | -469.82M | -452.01M | -175.20M | -363.55M | -137.72M |
Folangsi Co., Limited Class H Technical Analysis
Negative
5.76
Price Trends
5.84
Negative
5.89
Negative
5.76
Positive
Market Momentum
-0.02
Positive
46.38
Neutral
88.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2499, the sentiment is Negative. The current price of 5.76 is below the 20-day moving average (MA) of 5.87, below the 50-day MA of 5.84, and below the 200-day MA of 5.76, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 46.38 is Neutral, neither overbought nor oversold. The STOCH value of 88.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2499.
Folangsi Co., Limited Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | HK$300.00M | 5.13 | 6.29% | 12.96% | 10.18% | 119.05% | |
78 Outperform | HK$13.27B | 4.32 | 11.57% | 4.26% | 9.84% | 27.75% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | HK$34.21B | 13.19 | 13.75% | 3.41% | 11.08% | 59.37% | |
57 Neutral | HK$2.11B | 14.99 | 6.61% | 0.53% | 8.60% | -19.55% | |
57 Neutral | HK$71.43B | 19.02 | 7.49% | 7.28% | 14.66% | 30.39% | |
39 Underperform | HK$1.06B | -5.14 | -10.95% | ― | -10.77% | -25.12% |
* Industrials Sector Average
HK:2499
Folangsi Co., Limited Class H
5.83
0.04
0.69%
HK:3339
Lonking Holdings
3.08
1.16
60.42%
HK:0631
Sany Heavy Equipment International Holdings Co
10.09
4.79
90.41%
HK:1157
Zoomlion Heavy Industry Science & Technology Co
7.45
2.15
40.46%
HK:2153
Tat Hong Equipment Service Co. Ltd.
0.91
-0.23
-20.18%
HK:2102
Tak Lee Machinery Holdings Limited
0.30
0.12
64.84%
Folangsi Co., Limited Class H Corporate Events
Folangsi Sets June 2026 AGM to Decide 2025 Results, Profit Plan and Board Slate
Apr 22, 2026
Folangsi Co., Ltd has convened its annual general meeting for June 25, 2026 in Guangzhou, where shareholders will review and approve the company’s audited consolidated financial statements, board and supervisory committee reports, and the fu...
Folangsi Plans HK$87 Million Share Placement to Fund Tech and Electrification Push
Apr 17, 2026
Folangsi Co., Ltd. has entered into a conditional agreement with an investor to issue 14,500,000 new H shares under its existing general mandate at HK$6.02 per share, representing about 4.17% of its current share capital and 4.00% of its enlarged ...
Folangsi Grows Revenue Amid Logistics Upgrade as Profit Normalizes Post One-Off Gain
Mar 26, 2026
Folangsi Co., Ltd, a Chinese intralogistics equipment solutions provider, reported that revenue rose 8.6% year-on-year to approximately RMB1,748.8 million in 2025, while headline profit slipped 19.4% to about RMB82.2 million. Adjusted for a one-of...
Folangsi Proposes Board and Supervisory Committee Reshuffle Ahead of New Term
Mar 26, 2026
Folangsi Co., Ltd has proposed a new three-year board term, putting forward nine directors for shareholder approval, including the re-election of five executive directors and two independent non-executive directors, plus the appointment of one non...
Folangsi Schedules Board Meeting to Review 2025 Results and Potential Dividend
Mar 12, 2026
Folangsi Co., Ltd., a PRC-incorporated joint stock company listed in Hong Kong and overseen by a mixed board of executive, non-executive and independent non-executive directors, has notified investors of an upcoming board meeting. The governance c...
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.