JNBY Design (3306) AI Stock Analysis

• Market Cap: HK$9.85B
• Dividend Yield: 6.99%
• Average Volume (3M): 1.01M
• Price to Earnings (P/E): 10.5
• Beta (1Y): 0.52
• Revenue Growth: 5.77%
• EPS Growth: 3.95%
• Country: HK
• Employees: 1,678
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.62
• Shares Outstanding: 518,750,000
• 10 Day Avg. Volume: 908,920
• 30 Day Avg. Volume: 1,014,932
• PEG Ratio: 2.21
• Price to Book (P/B): 3.51
• Price to Sales (P/S): 1.49
• P/FCF Ratio: 8.43
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$23.99
• Price Target Upside: 24.22% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 14.07
• Revenue Forecast (FY): HK$46.74B

• Rating: 83 Outperform
• Price Target: HK$22.00 ▲(13.93% Upside)

JNBY Design's strong valuation and technical indicators are the most significant factors contributing to its high score. The stock is attractively priced with a low P/E ratio and high dividend yield, suggesting potential undervaluation and strong income potential. Technical analysis supports a bullish outlook, although caution is advised as indicators approach overbought levels. Financial performance is solid, with consistent revenue growth and profitability, though attention to cash flow trends is recommended.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term business expansion.

Profitability

High profitability margins reflect efficient cost management and pricing power, contributing to sustainable financial health.

Balance Sheet Health

A strong balance sheet with low leverage provides financial stability and flexibility for future investments and growth.

Negative Factors

Cash Flow Decline

Declining free cash flow growth could limit liquidity and investment capacity, potentially affecting long-term operational capabilities.

Operational Efficiency

Decreasing margins may indicate rising costs or inefficiencies, which could pressure profitability if not addressed.

Cash Generation Efficiency

Moderate cash generation efficiency suggests potential challenges in converting earnings into cash, impacting liquidity management.

JNBY Design Business Overview & Revenue Model

Company Description

JNBY Design Limited, together with its subsidiaries, engages in the design, marketing, retail, and sale of fashion apparels, accessory products, and household goods in Mainland China, Hong Kong, Taiwan, and internationally. It offers contemporary apparel, footwear, and accessories for women, men, and children, as well as household products under the JNBY, CROQUIS, jnby by JNBY, less, Pomme de terre, and JNBYHOME brands. As of June 30, 2021, the company operated 1,931 retail stores. It also offers its products through online and social media interactive marketing service platforms. The company was formerly known as Croquis Investment Limited and changed its name to JNBY Design Limited in June 2016. JNBY Design Limited was founded in 1994 and is headquartered in Hangzhou, the People's Republic of China.

How the Company Makes Money

JNBY Design generates revenue primarily through the sale of its fashion products, which include clothing, accessories, and footwear. The company operates a multi-channel retail strategy, utilizing both e-commerce platforms and brick-and-mortar stores to reach a wide customer base. Key revenue streams include direct sales from retail outlets, online sales through their official website, and third-party e-commerce platforms. Additionally, JNBY has established partnerships with various distributors and retailers, enhancing its market reach. The brand's focus on sustainable and innovative designs attracts a loyal customer base, contributing to repeat purchases and brand loyalty, which are crucial for its earnings.

JNBY Design Financial Statement Overview

Summary

JNBY Design exhibits strong financial health with consistent revenue growth and profitability. The balance sheet is stable with manageable leverage, while cash flow generation remains adequate despite recent declines in free cash flow growth. The company is well-positioned in the apparel manufacturing industry, though it should monitor operational efficiencies and cash flow trends closely.

Income Statement

JNBY Design has demonstrated consistent revenue growth over the years, with a notable increase of 2.39% in the latest period. The company maintains strong profitability metrics, including a gross profit margin of 65.59% and a net profit margin of 16.09%. However, there is a slight decline in EBIT and EBITDA margins compared to previous years, indicating potential pressure on operational efficiency.

Balance Sheet

The balance sheet reflects a solid financial position with a manageable debt-to-equity ratio of 0.25, indicating prudent leverage. The return on equity is robust at 37.81%, showcasing effective utilization of shareholder funds. However, the equity ratio stands at 52.13%, suggesting room for improvement in asset financing through equity.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by 16.68%, which could impact future liquidity. The operating cash flow to net income ratio is 0.64, indicating moderate cash generation efficiency. The free cash flow to net income ratio of 0.87 suggests a healthy conversion of earnings into cash, though slightly lower than previous periods.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.55B	5.55B	5.24B	4.47B	4.09B	4.13B
Gross Profit	3.64B	3.64B	3.47B	2.92B	2.61B	2.60B
EBITDA	1.34B	1.34B	1.67B	961.57M	851.10M	947.34M
Net Income	892.65M	892.65M	849.09M	621.29M	558.88M	647.20M
Balance Sheet
Total Assets	4.53B	4.53B	4.37B	4.07B	3.90B	3.82B
Cash, Cash Equivalents and Short-Term Investments	1.18B	1.18B	1.55B	1.14B	1.08B	1.42B
Total Debt	583.57M	583.57M	359.14M	533.63M	491.53M	490.95M
Total Liabilities	2.12B	2.12B	2.16B	2.08B	2.21B	2.10B
Stockholders Equity	2.36B	2.36B	2.17B	1.98B	1.68B	1.72B
Cash Flow
Free Cash Flow	982.72M	982.72M	1.59B	790.38M	718.43M	1.21B
Operating Cash Flow	1.13B	1.13B	1.60B	939.12M	852.87M	1.34B
Investing Cash Flow	-517.17M	-517.17M	-283.04M	-239.77M	190.18M	-536.46M
Financing Cash Flow	-1.05B	-1.05B	-1.15B	-771.87M	-1.00B	-580.57M

JNBY Design Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 19.31
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3306, the sentiment is Positive. The current price of 19.31 is above the 20-day moving average (MA) of 19.12, above the 50-day MA of 18.10, and above the 200-day MA of 16.36, indicating a bullish trend. The MACD of 0.52 indicates Negative momentum. The RSI at 64.11 is Neutral, neither overbought nor oversold. The STOCH value of 87.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3306.

JNBY Design Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3306	83 Outperform	HK$9.85B	10.50	39.46%	6.99%	5.77%	3.95%
2232	76 Outperform	HK$21.40B	12.79	14.24%	5.45%	14.76%	23.04%
1234	69 Neutral	€4.07B	8.91	10.67%	8.19%	3.23%	-21.82%
3818	68 Neutral	$2.82B	12.60	2.91%	6.32%	-2.56%	―
2030	63 Neutral	HK$1.03B	32.15	2.21%	1.28%	-14.05%	20.05%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
3322	50 Neutral	HK$278.71M	―	-2.35%	―	24.99%	89.24%

JNBY Design Corporate Events

JNBY Design Limited Announces Successful AGM Results

JNBY Design Limited announced the results of its Annual General Meeting held on October 30, 2025. All proposed resolutions, including the adoption of financial statements, declaration of a final dividend, re-election of directors, and appointment of auditors, were passed with significant support. This outcome reflects strong shareholder confidence in the company’s management and strategic direction.

The most recent analyst rating on (HK:3306) stock is a Buy with a HK$20.50 price target. To see the full list of analyst forecasts on JNBY Design stock, see the HK:3306 Stock Forecast page.

JNBY Design Announces AGM with Key Resolutions on Financial and Governance Matters

JNBY Design Limited has announced its upcoming Annual General Meeting (AGM) scheduled for October 30, 2025, in Hong Kong. Key agenda items include the adoption of financial statements, approval of a final dividend, re-election of directors, and the appointment of Deloitte Touche Tohmatsu as auditors. The meeting will also consider resolutions to authorize the board to allot and issue additional shares, reflecting the company’s strategic focus on strengthening its governance and financial position.

The most recent analyst rating on (HK:3306) stock is a Buy with a HK$23.30 price target. To see the full list of analyst forecasts on JNBY Design stock, see the HK:3306 Stock Forecast page.

JNBY Design Proposes Auditor Change to Enhance Corporate Governance

JNBY Design Limited has announced a proposed change of auditor from PricewaterhouseCoopers to Deloitte Touche Tohmatsu, effective after the upcoming annual general meeting on October 30, 2025. This decision, recommended by the Audit Committee, is aimed at enhancing corporate governance, maintaining auditor independence, and ensuring high-quality audit services, which aligns with the company’s best interests and those of its shareholders.

The most recent analyst rating on (HK:3306) stock is a Buy with a HK$23.30 price target. To see the full list of analyst forecasts on JNBY Design stock, see the HK:3306 Stock Forecast page.

JNBY Design Grants RSUs to Key Personnel

JNBY Design Limited has announced the grant of Restricted Stock Units (RSUs) representing 7,120,000 shares to 60 senior management and employees under its RSU Scheme. This includes a grant of 120,000 shares to Ms. Tang Yu, a connected person and special assistant to the chief creative officer. The RSUs will vest in four equal parts over the next four years, and the company has ensured that this grant will not dilute existing shareholders’ equity as no new shares will be issued.

The most recent analyst rating on (HK:3306) stock is a Buy with a HK$23.30 price target. To see the full list of analyst forecasts on JNBY Design stock, see the HK:3306 Stock Forecast page.

JNBY Design Limited Strengthens Leadership with New Director Appointment

JNBY Design Limited has announced the appointment of Mr. Wong Shun Tak as an independent non-executive director, effective from September 8, 2025. Mr. Wong brings extensive experience in financial control and strategic planning from his previous roles in multinational companies, including Alibaba Group and Kingsoft Corporation. This appointment is part of a broader change in the company’s audit committee composition and the roles of joint company secretary, authorized representative, and process agent. The inclusion of Mr. Wong is expected to strengthen the company’s governance and strategic direction, potentially impacting its market positioning positively.

The most recent analyst rating on (HK:3306) stock is a Buy with a HK$21.00 price target. To see the full list of analyst forecasts on JNBY Design stock, see the HK:3306 Stock Forecast page.

JNBY Design Reports Revenue and Profit Growth Amid Cash Flow Decline

JNBY Design Limited reported its annual financial results for the fiscal year ending June 30, 2025, showing a revenue increase of 4.6% to RMB5,548.4 million. Despite a slight decrease in gross profit margin, the company achieved a 6.0% rise in net profit to RMB897.5 million. However, the net cash inflow from operating activities decreased by 29.2% to RMB1,133.0 million. The Board recommended a total dividend of HK$715.9 million, representing 75% of the net profit attributable to shareholders.

The most recent analyst rating on (HK:3306) stock is a Buy with a HK$21.00 price target. To see the full list of analyst forecasts on JNBY Design stock, see the HK:3306 Stock Forecast page.

JNBY Design Announces Final Dividend for FY2025

JNBY Design Limited has announced a final ordinary cash dividend of HKD 0.93 per share for the financial year ending June 30, 2025. This announcement, made on September 8, 2025, outlines the key dates for shareholders, including the ex-dividend date on November 3, 2025, and the payment date on November 17, 2025. This dividend declaration reflects the company’s financial health and commitment to returning value to its shareholders.

The most recent analyst rating on (HK:3306) stock is a Buy with a HK$21.00 price target. To see the full list of analyst forecasts on JNBY Design stock, see the HK:3306 Stock Forecast page.

JNBY Design Schedules Board Meeting to Approve Annual Results

JNBY Design Limited has announced a board meeting scheduled for September 8, 2025, to discuss and approve the company’s annual results for the year ending June 30, 2025. The meeting will also consider the recommendation for a final dividend payment, which could impact shareholder returns and reflect the company’s financial health.

The most recent analyst rating on (HK:3306) stock is a Buy with a HK$21.00 price target. To see the full list of analyst forecasts on JNBY Design stock, see the HK:3306 Stock Forecast page.