Honworld Group Ltd.

Honworld Group Ltd.

HHKEX:2226
0.60
HKD
+0.01
(+0.84%)
289.57MMarket Cap
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
1.41
1.32
1.54
1.54
1.39
1.51
0.41
0.39
0.44
0.47
0.45
0.48
0.47
- -
Basic EPS, GAAP
0.46
0.42
0.44
0.38
0.32
0.35
-3.95
-1.46
-0.55
-0.84
-0.91
-0.89
-0.89
- -
Free Cash Flow per Basic Share
-0.14
-1.44
-0.33
-0.44
0.03
-0.18
-0.76
-0.34
-0.2
-0.42
-0.21
-0.04
-0.07
- -
Dividend per Share
- -
0.08
0.1
0.08
0.07
0.07
0.07
0.07
- -
- -
- -
- -
- -
- -
Book Value per Share
0.57
2.42
2.74
3.29
3.51
3.81
-0.21
-1.73
-2.28
-3.12
-4.03
-4.93
-5.81
-5.81
Tangible Book Value per Share
0.57
2.42
2.74
3.2
3.42
3.72
-0.3
-1.82
-2.37
-3.21
-4.11
-5.01
-5.89
-5.89
Basic Weighted Avg Shares
375
507
519
538
579
579
579
579
579
579
579
579
579
579
Sales/Revenue/Turnover
530
668
799
831
803
874
235
226
253
272
259
275
272
- -
Operating Margin (%)
42.29
40.05
38.4
34.75
31.98
33.04
-60.5
-33.48
-26.01
-35.95
-40.45
-31.28
-24.34
- -
Depreciation Expense
10
13
27
33
39
43
31
29
29
29
29
30
29
- -
Net Income, GAAP
174
212
229
207
187
202
-2,285
-845
-318
-486
-524
-517
-514
- -
Effective Tax Rate (%)
15.9
14.06
16.81
16.66
13.56
14.4
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
32.84
31.66
28.61
24.86
23.26
23.07
-970.61
-373.48
-126.03
-179.06
-202.61
-187.79
-189.16
- -
Working Capital
105
844
744
930
871
983
-248
-1,125
-1,477
-2,069
-2,635
-3,142
-3,622
-3,622
LT Debt
- -
109
74
72
62
98
114
87
66
3
2
1
1
1
Total Equity
296
1,254
1,423
1,902
2,034
2,204
-121
-1,000
-1,318
-1,808
-2,334
-2,852
-3,364
-3,364
Return on Invested Capital (%)
40.08
20.48
13.45
9.84
7.62
7.72
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
43.02
21.01
13.67
9.98
7.98
7.87
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
81.13
27.29
17.07
12.43
9.49
9.52
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
3,310
3,570
3,792
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
579
579
579
Market Capitalization
321
343
260

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
752
734
743
Cash, Cash Equivalents & STI
6
6
23
Accounts Receivable, Net
25
26
29
Inventories
586
564
569
Total Current Liabilities
3,894
4,107
4,365
Payables & Accruals
- -
- -
- -
ST Debt
3,310
3,570
3,792
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
80.88%
27.63%
17.98%
Free Cash Flow
-42.21%
4.6%
87.81%
Net Income, GAAP
-131.1%
-0.76%
-0.51%
Sales/Revenue/Turnover
-4.79%
3.9%
-1.23%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
259
2024
- -
- -
275
2025
- -
- -
272

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.91
2024
- -
- -
-0.89
2025
- -
- -
-0.89

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

CEO
Qing Hua Li
Full Time Employees
439
Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
Food and Industrial Park Huzhou ZH China 313000
IPO Date
Jan 28, 2014
Business
Honworld Group Limited (2226.HK) is a Cayman Islands-incorporated investment holding company principally engaged in the manufacture and sale of cooking wine and other condiment products under the Lao Heng He brand in the People's Republic of China. The company offers a range of naturally brewed products including high-end and normal cooking wine categories, naturally-brewed soy sauce, naturally-brewed vinegar such as rosy rice vinegar, soybean paste, sesame oil, fermented bean curd, and compound condiments; it also engages in the wholesale of condiment products across retail, catering, online platforms, and offline distributors targeting consumers in fourth- and fifth-tier cities nationwide, with channel expansion efforts in the Yangtze River Delta, Pearl River Delta, and Circum-Bohai Sea regions. Incorporated in 2012 and headquartered in the Food and Industrial Park, Balidian Town, Huzhou, Zhejiang Province, China, Honworld Group operates as a subsidiary of Wuxing City Investment HK Company Limited, with all revenue derived from and non-current assets located within the PRC. In recent developments, the company received a government grant of RMB12.5 million in the first half of 2025 to subsidize factory upgrades, including the acquisition of automated filling and blending production lines to boost annual seasoning production capacity; it achieved organic certifications for products like yellow wine, soy sauce, soybean paste, and rosy rice vinegar, alongside FSSC22000 certification for subsidiary Huzhou Laohenghe Wine Co., Limited and awards such as the 2025 Cereal-based Brew Cooking Wine Flavour Award; additionally, in November 2025, executive Director Mr. Zhu Bing resigned, while the group continues negotiations with major lenders including Huzhou Wuxing City Investment Development Group and affiliates for borrowing renewals and new facilities amid ongoing financial support undertakings.