1. Hong Kong Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
Huiyuan Cowins Technology Group Limited

Huiyuan Cowins Technology Group Limited

HHKEX:1116
0.21
HKD
+0.00
(-0.95%)
2006 Y
2007 Y
2008 Y
2009 Y
2010 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2023 Y
2024 Y
TTM
Revenue per Share
3.99
4.18
1.97
1.26
1.56
0.71
0.79
0.71
0.32
0.27
0.32
0.25
0.33
- -
Basic EPS, GAAP
0.05
0.05
0.02
- -
0.04
0.03
-0.03
-0.08
- -
0.01
- -
-0.16
0.07
- -
Free Cash Flow per Basic Share
-0.26
-0.16
0.76
-0.01
- -
0.03
-0.07
-0.16
-0.04
-0.03
-0.02
-0.03
-0.01
- -
Dividend per Share
0.02
0.03
0.03
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.11
0.93
0.88
0.87
0.88
0.28
0.34
0.19
0.19
0.2
0.2
0.03
0.1
0.02
Tangible Book Value per Share
1.1
0.93
0.88
0.87
0.88
0.28
0.33
0.19
0.19
0.2
0.2
0.03
0.1
0.02
Basic Weighted Avg Shares
237
302
339
339
351
545
464
601
1,788
2,158
2,158
2,158
2,158
2,158
Sales/Revenue/Turnover
945
1,260
667
427
547
389
367
426
580
581
692
538
714
- -
Operating Margin (%)
3.39
2.19
6.85
0.22
0.49
0.94
-3.92
-2.65
2.55
9.52
3.04
1.58
-0.4
- -
Depreciation Expense
26
20
13
14
15
6
5
3
4
5
- -
5
6
- -
Net Income, GAAP
12
14
7
-1
14
15
-15
-49
3
16
-6
-339
153
- -
Effective Tax Rate (%)
15.09
37.05
59.9
- -
- -
14.93
- -
- -
20.36
36.6
203.98
- -
- -
- -
Profit Margin (%)
1.27
1.1
1.08
-0.12
2.51
3.81
-3.98
-11.48
0.57
2.73
-0.9
-62.96
21.45
- -
Working Capital
169
56
113
136
179
155
110
351
340
231
220
56
196
12
LT Debt
29
- -
105
124
- -
- -
10
- -
125
1
- -
- -
- -
- -
Total Equity
362
373
359
358
423
209
242
386
474
495
492
132
282
113
Return on Invested Capital (%)
- -
2.44
2.84
- -
- -
5.67
- -
- -
1.91
4.49
-2.55
- -
- -
- -
Return on Capital (%)
- -
4.08
2.85
- -
- -
3.1
- -
- -
0.12
2.99
-3.65
- -
- -
- -
Return on Common Equity (%)
- -
4.76
2.36
-0.17
4.2
5.77
-8.55
-18.75
0.88
3.72
-1.45
-136.87
109.26
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'24
Dec'25
ST Debt
273
100
306
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,158
2,158
2,158
Market Capitalization
1,711
- -
- -

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'24
Dec'25
Total Current Assets
491
483
514
Cash, Cash Equivalents & STI
35
58
47
Accounts Receivable, Net
373
269
381
Inventories
84
79
86
Total Current Liabilities
452
286
502
Payables & Accruals
- -
- -
- -
ST Debt
273
100
306
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.05%
13.54%
114.4%
Free Cash Flow
656.59%
-20.22%
-77.76%
Net Income, GAAP
244.64%
1,060.59%
-145.23%
Sales/Revenue/Turnover
3.96%
13.18%
32.75%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
538
2024
- -
- -
714
2025
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.16
2024
- -
- -
0.07
2025
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Kuen Tai Yiu
Full Time Employees
325
Sector
Non-energy minerals
Industry
Steel
Address
World Trade Centre Hong Kong Hong Kong
IPO Date
Jun 21, 2004
Website
mayer.com.hk
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Business
Huiyuan Cowins Technology Group Limited (1116.HK) is a Hong Kong-listed investment holding company primarily engaged in the manufacturing, processing, trading, and distribution of steel products, including stainless steel pipes, fittings, manifolds, and carbon steel pipes; steel plate cutting and processing services; water purification technologies featuring piped direct drinking water systems with IoT management; innovative nanoscale phase-change energy storage solutions for cold and heat storage; and diversified stainless steel products such as water tanks, bathroom items, custom cabinets, kitchenware, integrated cookers, intelligent locks, and water purifiers. The company operates principally in the People's Republic of China, with additional activities in Vietnam, and exports products internationally to serve construction, industrial, hospitality, and consumer markets. Founded in 1995 as Guangzhou Mayer Metal Products Co., Ltd. and publicly listed on the Hong Kong Stock Exchange in 2004, it is headquartered at 21/F, World Trade Centre, 280 Gloucester Road, Causeway Bay, Hong Kong. In August 2025, the company rebranded from Mayer Holdings Limited to Huiyuan Cowins Technology Group Limited and relocated its headquarters to enhance its focus on innovation and strategic expansion into smart energy storage from traditional steel manufacturing. Recent developments include active promotion of nanophase-change technology at industry exhibitions such as the 5th International Air Conditioning, Ventilation and Cold Chain Industry Exhibition in October 2025 and BEX Asia 2025; signing of the "Green Partner Program" with Yonghe Subdistrict for green development initiatives; participation in compiling group standards for high-quality industry advancement; and government-industry-academia-research collaborations to industrialize energy storage technologies aligned with China's new-quality productive forces strategy. The group continues to deepen international market penetration through global trade fairs like the Canton Fair, while maintaining its core steel business as the operational foundation alongside emerging high-tech segments.