China Ludao Technology Co. Ltd.

China Ludao Technology Co. Ltd.

HHKEX:2023
0.74
HKD
+0.01
(+1.37%)
393.44MMarket Cap
Apr 01Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.78
0.63
0.59
0.57
0.82
0.83
0.84
1.15
0.97
1.09
1.44
1.84
2.27
- -
Basic EPS, GAAP
0.07
0.05
0.01
0.05
0.05
0.05
0.05
0.08
0.07
0.05
0.09
0.1
0.11
- -
Free Cash Flow per Basic Share
-0.12
-0.13
0.11
- -
-0.02
-0.03
0.16
-0.17
-0.25
-0.24
-0.16
0.18
-0.22
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.46
0.51
0.65
0.7
0.74
0.79
0.67
0.65
0.77
0.76
0.83
0.91
1.22
1.22
Tangible Book Value per Share
0.45
0.49
0.64
0.69
0.73
0.78
0.65
0.56
0.68
0.67
0.75
0.75
0.88
0.88
Basic Weighted Avg Shares
322
400
452
480
480
489
492
492
492
492
492
492
492
492
Sales/Revenue/Turnover
251
254
266
274
396
405
413
566
476
535
706
907
1,118
- -
Operating Margin (%)
12.23
9.84
0.95
7.43
7.77
8.59
11.51
15.86
8.94
4.61
8.51
6.78
7.5
- -
Depreciation Expense
4
5
5
7
8
10
12
13
18
17
16
14
16
- -
Net Income, GAAP
24
21
4
23
22
23
24
41
35
22
44
51
56
- -
Effective Tax Rate (%)
18.5
15.12
54.36
16.19
18.26
18.98
24.2
23.87
12.03
10.85
10.19
12.84
24.55
- -
Profit Margin (%)
9.55
8.08
1.34
8.49
5.52
5.74
5.76
7.15
7.4
4.17
6.17
5.66
5.03
- -
Working Capital
122
122
216
232
168
204
41
-134
-123
110
-150
-266
-298
-298
LT Debt
- -
- -
- -
1
47
149
37
4
72
490
313
281
237
237
Total Equity
182
203
312
336
357
388
327
327
380
374
410
447
598
598
Return on Invested Capital (%)
16.49
8.55
0.9
5.67
5.31
5.63
6.02
9.57
7.8
3.95
4.99
5.09
4.88
- -
Return on Capital (%)
17.02
8.9
1.35
6.55
5.77
6.63
6.69
9.17
7.54
3.97
5.05
5.33
4.77
- -
Return on Common Equity (%)
17.44
10.65
1.39
7.19
6.31
6.24
6.64
12.58
10.14
5.95
11.15
11.98
10.77
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
360
319
468
LT Borrowings
276
267
236
LT Finance Leases
5
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
492
492
492
Market Capitalization
471
381
354

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
683
596
744
Cash, Cash Equivalents & STI
32
25
43
Accounts Receivable, Net
204
194
227
Inventories
58
68
63
Total Current Liabilities
949
852
1,042
Payables & Accruals
- -
- -
- -
ST Debt
360
319
468
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.39%
13.42%
33.66%
Free Cash Flow
-60.82%
-83.86%
-223.71%
Net Income, GAAP
69.86%
14.58%
9.66%
Sales/Revenue/Turnover
16.91%
16.04%
23.33%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
706
2024
- -
- -
907
2025
- -
- -
1,118

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.09
2024
- -
- -
0.1
2025
- -
- -
0.11

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

CEO
Yue Rong Yu
Full Time Employees
338
Sector
Consumer non-durables
Industry
Household/Personal care
Address
5 Sanmen Industry Road Taizhou ZH China
IPO Date
Oct 11, 2013
Business
China Ludao Technology Company Limited (2023.HK) is an investment holding company principally engaged in the research, development, manufacture and sale of aerosol products for household and auto care, air fresheners, personal care products and insecticides; wholesales of personal care products and production-related materials; and clean energy business involving collection and utilization of sewage source thermal energy. The company offers aerosol products across six major series including household care (such as cleaners and detergents), automobile care (such as carburetor cleaning agents, de-rust lubricants and tyre shine sprays), sanitary insecticidal products, personal care items (such as cosmetics, hair products and polish wax), air fresheners (solid and aerosol variants) and skin care; it sells under its own brands Green Island, Ludao, JIERJIA, EAGLEIN KING and GINVIK through distributors, wholesalers, retailers and e-commerce channels serving contract manufacturing services to overseas markets and original brand manufacturing in the PRC. Products are manufactured using 26 automatic aerosol production lines and GMP purification workshops with annual capacity of 200 million cans of aerosols and 30,000 tons of washing products at its facility in Taizhou, Zhejiang province; the company also provides consultancy services and operates through subsidiaries including Zhejiang Ludao Technology Co., Ltd. and Zhejiang Sinopharm Junyue Aerosol Co., Ltd. Founded in 2002 and headquartered at No. 5 Sanmen Industry Road, Sanmen Industrial Park, Taizhou, Zhejiang, PRC (with Cayman Islands incorporation), it conducts operations primarily in Mainland China, with exports to the United States, Japan, Chile and other international markets. In the first half of 2025, the company reports revenue growth of 7.9% to RMB597 million driven by CMS business expansion of 11.8% through strengthened strategic customer partnerships, domestic market penetration and high value-added product development; OBM revenue rises 18.0% from optimized sales channels including e-commerce; while wholesale declines 6.7%, overall net profit increases 3.8% to RMB43.2 million with gross margin at 11.6%. The company continues investments in R&D with a 2,300 square meter center employing 82 professionals and 31 patents, focusing on medical, edible aerosols and cosmetics via subsidiaries to broaden product lines and sales channels; it maintains supply chain enhancements, cost controls and production upgrades including RMB36.3 million in property, plant and equipment additions amid net current liabilities managed through banking facilities.