1. China Stocks

  2. •

    Producer manufacturing

  3. •

    Miscellaneous manufacturing
China Lesso Group Holdings Limited

China Lesso Group Holdings Limited

HHKEX:2128
2.92
HKD
-0.08
(-2.67%)
14.30BMarket Cap
Mar 29Next 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
4.29
4.78
4.91
5.55
6.56
7.65
8.55
9.12
10.41
9.99
9.95
8.78
7.89
- -
Basic EPS, GAAP
0.48
0.5
0.52
0.62
0.74
0.8
0.98
1.22
0.99
0.82
0.76
0.55
0.41
- -
Free Cash Flow per Basic Share
0.09
0.28
0.52
0.57
-0.19
0.97
1.11
0.09
0.57
0.54
0.8
0.65
0.72
- -
Dividend per Share
0.1
0.1
0.1
0.11
0.13
0.23
0.28
0.36
0.42
0.21
0.27
0.18
0.18
- -
Book Value per Share
2.35
2.75
3.14
3.62
4.35
4.77
5.34
6.4
6.7
7.04
7.63
7.74
8
8
Tangible Book Value per Share
2.34
2.74
3.13
3.54
4.27
4.57
5.11
6.15
6.36
6.72
7.32
7.49
7.78
7.78
Basic Weighted Avg Shares
3,050
3,099
3,110
3,104
3,102
3,102
3,081
3,079
3,079
3,079
3,102
3,079
3,080
3,080
Sales/Revenue/Turnover
13,071
14,823
15,264
17,221
20,360
23,734
26,345
28,073
32,058
30,767
30,868
27,026
24,315
- -
Operating Margin (%)
15.76
16.68
17.57
17.52
16.6
17.19
19.37
20.86
17.22
17.31
16.5
15.66
14.94
- -
Depreciation Expense
360
440
501
593
647
758
997
1,006
1,366
1,914
1,836
1,656
1,578
- -
Net Income, GAAP
1,449
1,554
1,621
1,922
2,293
2,492
3,025
3,751
3,044
2,521
2,368
1,684
1,262
- -
Effective Tax Rate (%)
18.66
16.59
21.61
21.08
23.31
24.4
23.95
20.96
20.72
21
12.91
22.88
28.52
- -
Profit Margin (%)
11.09
10.48
10.62
11.16
11.26
10.5
11.48
13.36
9.5
8.19
7.67
6.23
5.19
- -
Working Capital
3,101
3,505
3,855
337
4,075
1,778
-2,795
3,610
3,488
2,546
-3,699
-1,867
-51
-51
LT Debt
1,607
2,021
2,175
442
5,442
5,587
2,037
8,818
10,294
13,249
9,874
11,026
11,742
11,742
Total Equity
7,256
8,550
9,865
11,538
13,783
15,073
17,094
20,354
21,807
22,641
24,311
24,415
25,160
25,160
Return on Invested Capital (%)
18.21
18.84
16.78
16.13
13.43
11.89
13.11
13.54
8.64
9.19
8.39
6.59
5.48
- -
Return on Capital (%)
17.41
15.55
13.63
13.74
13.02
11.66
12.05
12.17
9.14
7.34
7.67
5.53
4.14
- -
Return on Common Equity (%)
21.88
19.69
17.7
18.3
18.55
17.61
19.28
20.6
14.99
11.83
10.44
7.11
5.2
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
8,619
6,412
6,346
LT Borrowings
10,672
12,242
11,273
LT Finance Leases
354
393
470
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,079
3,079
3,081
Market Capitalization
10,041
11,775
12,847

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
19,715
18,625
19,207
Cash, Cash Equivalents & STI
5,247
3,477
5,150
Accounts Receivable, Net
6,617
7,438
6,277
Inventories
6,307
6,186
6,519
Total Current Liabilities
21,582
18,260
19,257
Payables & Accruals
- -
- -
- -
ST Debt
8,619
6,412
6,346
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.01%
4.37%
3.05%
Free Cash Flow
-24.76%
115.6%
10.05%
Net Income, GAAP
-0.41%
-19.21%
-25.08%
Sales/Revenue/Turnover
5.32%
-2.4%
-10.03%
Total Cash Common Dividend
11.31%
-7.2%
0.98%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
30,868
2024
- -
- -
27,026
2025
- -
- -
24,315

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.76
2024
- -
- -
0.55
2025
- -
- -
0.41

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.27
2024
- -
- -
0.18
2025
- -
- -
0.18

Company Description

Company Profile APIChatGPT
CEO
Man Lun Zuo
Full Time Employees
21,400
Sector
Producer manufacturing
Industry
Miscellaneous manufacturing
Address
Liansu Industrial Estate Foshan GD China 528318
IPO Date
Jun 23, 2010
Website
lesso.com
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Business
China Lesso Group Holdings Limited (2128.HK) is a leading large-scale industrial group that manufactures plastic piping systems and building materials in China and internationally. Founded in 1986 and headquartered in Foshan, Guangdong Province, the company offers a comprehensive portfolio of products including plastic pipes and fittings for municipal engineering, residential construction, agriculture, industrial applications, firefighting, and gas transmission; photovoltaics and energy storage solutions; plumbing and sanitary ware; integral kitchen materials; integral doors and windows; aluminum formwork and smart scaffolds; water purifiers; waterproofing materials and sealants; fire-fighting equipment; valves; cables; lighting; hygiene materials; environmental protection items; agricultural facilities; and oceanic aquaculture cages. The group operates over 30 advanced production bases across 19 provinces in China and foreign countries, with sales networks spanning Asia, North America, South America, Europe, Africa, and Oceania, supported by long-term partnerships with more than 3,000 independent first-tier distributors serving home improvement, civil architecture, municipal infrastructure, energy management, and other sectors. In recent developments, China Lesso adheres to a prudent and stable business strategy, injecting additional resources into its core plastic piping systems business while accelerating overseas expansion and localization efforts, including the operation of its first self-built overseas factory in Indonesia. The group reported 2024 annual revenue of RMB 98.08 billion and gross profit of RMB 10.44 billion, followed by 2025 interim revenue of RMB 12.475 billion with a gross profit margin of 28.2%, reflecting improved production efficiency through automation and cost controls amid industry challenges. It continues to innovate with new piping products for hydrogen and oil transmission, strengthens strategic partnerships with government entities and state-owned enterprises, and maintains focus on smart manufacturing to enhance market penetration and sustainability.