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Zall Smart Commerce Group Ltd.

Zall Smart Commerce Group Ltd.

HHKEX:2098
0.06
HKD
+0.00
(-7.25%)
1.25BMarket Cap
Apr 01Next Earn
Zall Smart Commerce Group Ltd.
HKEX:2098
(Hong Kong Exchange)

Recent

price

0.06

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.07
0.23
0.14
0.15
0.19
0.1
0.11
1.99
4.83
6.23
6.18
8.88
9.1
10.11
13.09
12.5
- -
Revenue per Share
0.06
0.11
0.11
0.15
0.15
0.19
0.19
0.21
0.12
0.01
-0.11
-0.11
-0.25
- -
0.01
0.01
- -
Basic EPS, GAAP
0.03
-0.05
-0.12
-0.19
-0.14
-0.15
-0.03
-0.19
-0.05
-0.01
-0.03
0.05
0.06
0.16
-0.03
- -
- -
Free Cash Flow per Basic Share
- -
0.02
0.01
0.02
- -
0.06
- -
- -
0.02
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.17
0.36
0.46
0.6
0.75
0.88
1.13
1.53
1.61
1.62
1.52
1.4
1.11
1.11
1.13
1.14
1.14
Book Value per Share
0.17
0.36
0.46
0.6
0.75
0.88
1.12
1.31
1.44
1.47
1.4
1.31
1.05
1.06
1.07
1.1
1.1
Tangible Book Value per Share
10,500
10,500
10,500
10,500
10,500
10,574
10,746
11,204
11,628
11,697
11,766
11,778
12,190
12,394
12,400
12,400
11,238
Basic Weighted Avg Shares
770
2,454
1,490
1,581
1,986
1,029
1,213
22,249
56,116
72,899
72,769
104,552
110,906
125,290
162,359
155,029
- -
Sales/Revenue/Turnover
36.78
64.75
57.57
19.71
32.96
8.82
4.93
1.49
1.11
0.56
0.69
0.05
-0.09
0.05
-0.12
-0.07
- -
Operating Margin (%)
3
3
15
26
24
16
29
51
100
104
107
87
85
94
85
87
- -
Depreciation Expense
635
1,195
1,151
1,584
1,573
2,038
2,049
2,379
1,371
93
-1,260
-1,327
-3,040
51
129
147
- -
Net Income, GAAP
31.29
34.15
30.04
36.05
41.6
10.03
12.42
15.95
45.75
91.63
- -
- -
- -
69.73
63.89
64.15
- -
Effective Tax Rate (%)
82.51
48.68
77.25
100.16
79.19
197.94
168.86
10.69
2.44
0.13
-1.73
-1.27
-2.74
0.04
0.08
0.1
- -
Profit Margin (%)
197
2,022
3,524
3,972
4,783
4,974
5,658
3,997
606
-2,405
-3,668
-447
-1,442
-2,830
-4,725
-6,093
-6,093
Working Capital
173
1,004
2,427
3,692
3,425
4,713
6,061
5,422
4,971
4,486
5,291
4,395
5,313
4,880
3,286
2,679
2,679
LT Debt
1,799
4,306
5,419
6,889
8,562
10,311
12,139
18,661
19,609
19,622
18,334
16,779
14,148
14,207
14,343
14,406
14,406
Total Equity
- -
28.82
14.54
12.33
12.42
12.79
11.35
10.68
5.08
0.37
- -
- -
- -
0.48
0.69
0.76
- -
Return on Invested Capital (%)
- -
30.57
16.02
14.91
11.96
14.16
11.32
10.51
5.47
0.54
- -
- -
- -
0.51
1.17
1.29
- -
Return on Capital (%)
- -
43.03
26.52
28.33
22.12
23.44
19
15.92
7.5
0.49
-6.82
-7.73
-20.13
0.37
0.93
1.05
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
11,575
9,647
11,756
LT Borrowings
3,263
4,045
2,655
LT Finance Leases
23
20
24
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12,400
12,400
12,400
Market Capitalization
3,610
2,207
1,125

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
42,618
42,560
33,777
Cash, Cash Equivalents & STI
1,561
1,536
1,526
Accounts Receivable, Net
8,726
10,098
5,336
Inventories
3,976
4,329
3,779
Total Current Liabilities
47,343
46,733
39,870
Payables & Accruals
- -
- -
- -
ST Debt
11,575
9,647
11,756
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.77%
-4.47%
0.44%
Free Cash Flow
58.98%
-60.23%
-100.37%
Net Income, GAAP
-137.69%
40.07%
14.34%
Sales/Revenue/Turnover
202.13%
17.56%
-4.51%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
125,290
2024
- -
- -
162,359
2025
- -
- -
155,029

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
0.01
2025
- -
- -
0.01

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
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Business
Zall Smart Commerce Group Ltd. (2098.HK) is a leading Chinese investment holding company primarily engaged in supply chain management, B2B trading, property development, and digital commerce services. Founded in August 2003 and headquartered in Wuhan, Hubei Province, People's Republic of China, the company operates principally in China, Singapore, and other international markets, serving over 300,000 corporate customers through an intelligent trading ecosystem powered by big data, artificial intelligence, and blockchain technologies. It functions as a subsidiary of Zall Development Investment Company Limited and ranks among Fortune China 500 companies, reporting operating revenue of RMB162.359 billion in 2024. The company's core offerings span supply chain management and trading, including B2B platforms such as Sinoagri for agricultural products, Zall Steel for black commodities like steel, Huasuhui for chemical materials and plastic raw materials, and Haishangxian for seafood; property development and related services encompassing large-scale consumer product-focused wholesale shopping malls, e-commerce malls, logistic units, offices, retail shops, and value-added warehousing and logistics; digital services like e-commerce, IT cloud platforms including Z-Baas blockchain solutions, and financial services such as supply chain financing via ZMA Smart Capital; as well as cross-border trade initiatives featuring foreign trade premium products live streaming rooms, online foreign trade zones, and services like 24-hour electronic customs clearance and intelligent document review. Additional platforms include Zall Cloud Warehouse, Zhuocanghui, Xiaohuo Zhiyun for small-scale operations, and Zhifeng Logistics, providing comprehensive warehousing, logistics, finance, and management solutions; the company also develops and operates the Commodities Intelligence Centre (CIC) in Singapore, Singapore's first physical commodity eTrading platform powered by blockchain, alongside ezbuy.sg for global online shopping and ZALL Chain Technology for blockchain solutions. Recent developments include a strategic rebranding in June 2025 to emphasize global digital trade leadership, with deepened cooperation between CIC and ZMA Smart Capital in supply chain financial services; in March 2025, the establishment of Huafang Chain, a digital supply chain platform for textile and clothing in partnership with Hubei state-owned platforms and social capital; ongoing expansions in cross-border trade, such as Zall Steel's collaborations with 16 financial institutions for products like Steel Purchase E-Chain and E-Credit Treasure; and recognition including the 8th Wuhan Mayor's Quality Award in February 2025 and 182nd position on the 2024 Fortune China 500 list.