1. Hong Kong Stocks

  2. •

    Consumer non-durables

  3. •

    Apparel/Footwear
Crystal International Group Limited

Crystal International Group Limited

HHKEX:2232
7.82
HKD
+0.26
(+3.44%)
19.11BMarket Cap
Mar 25Next Earn
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
0.6
0.6
0.62
0.91
0.88
0.85
0.7
0.82
0.87
0.76
0.87
0.93
- -
Basic EPS, GAAP
0.03
0.02
0.04
0.06
0.05
0.05
0.04
0.06
0.06
0.06
0.07
0.08
- -
Free Cash Flow per Basic Share
-0.02
0.01
0.03
- -
0.02
0.07
0.09
0.04
0.09
0.09
- -
0.04
- -
Dividend per Share
0.01
0.03
0.12
0.03
0.02
0.02
0.01
0.02
0.02
0.02
0.03
0.05
- -
Book Value per Share
0.19
0.19
0.11
0.32
0.35
0.38
0.41
0.45
0.47
0.5
0.54
0.56
0.56
Tangible Book Value per Share
0.18
0.18
0.03
0.25
0.27
0.32
0.35
0.4
0.42
0.45
0.49
0.52
0.52
Basic Weighted Avg Shares
2,829
2,829
2,829
2,393
2,845
2,849
2,853
2,853
2,853
2,853
2,853
2,853
2,853
Sales/Revenue/Turnover
1,701
1,688
1,763
2,178
2,496
2,428
1,985
2,341
2,491
2,177
2,470
2,641
- -
Operating Margin (%)
4.94
4.49
7.23
8.46
6.85
7.24
6.62
7.85
8.02
8.46
9.44
9.99
- -
Depreciation Expense
39
43
46
61
74
98
97
93
93
84
84
86
- -
Net Income, GAAP
82
68
124
148
149
152
108
163
173
163
200
225
- -
Effective Tax Rate (%)
15.64
14.49
14.59
14.83
12.24
12.86
12.21
14.89
18.56
15.87
19.06
19.27
- -
Profit Margin (%)
4.81
4.04
7.01
6.81
5.98
6.26
5.44
6.97
6.93
7.51
8.12
8.51
- -
Working Capital
132
75
-316
160
120
205
343
453
531
654
695
693
693
LT Debt
- -
- -
32
23
- -
16
12
19
21
17
17
22
22
Total Equity
540
532
308
911
986
1,088
1,164
1,293
1,345
1,439
1,535
1,612
1,612
Return on Invested Capital (%)
- -
8.53
14.02
13.89
10.38
10.77
7.47
10.82
10.95
10.31
11.38
12.76
- -
Return on Capital (%)
- -
8.93
16.64
14.59
11.52
11.86
8.46
11.84
12.2
11.58
12.92
13.97
- -
Return on Common Equity (%)
- -
12.74
29.53
24.41
15.73
14.65
9.6
13.3
13.13
11.78
13.52
14.31
- -

Capital Structure

USD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
157
131
13
LT Borrowings
- -
- -
- -
LT Finance Leases
17
16
22
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,853
2,853
2,853
Market Capitalization
1,605
1,697
2,456

Working Capital

USD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,360
1,431
1,209
Cash, Cash Equivalents & STI
573
638
382
Accounts Receivable, Net
449
378
442
Inventories
281
352
322
Total Current Liabilities
665
744
516
Payables & Accruals
- -
- -
- -
ST Debt
157
131
13
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.28%
6.75%
4.97%
Free Cash Flow
-286.67%
-768.46%
-3,799.23%
Net Income, GAAP
16.07%
17.23%
12.05%
Sales/Revenue/Turnover
5.37%
6.42%
6.95%
Total Cash Common Dividend
38.3%
30.81%
53.09%

Semi-annual Revenue

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2,177
2024
- -
- -
2,470
2025
- -
- -
2,641

Semi-annual Earnings Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.06
2024
- -
- -
0.07
2025
- -
- -
0.08

Semi-annual Dividends Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.02
2024
- -
- -
0.03
2025
- -
- -
0.05

Company Description

Company Profile APIChatGPT
CEO
Ching Leung Lo
Full Time Employees
81,000
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
AXA Tower Hong Kong Hong Kong 417940
IPO Date
Nov 3, 2017
Website
crystalgroup.com
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Business
Crystal International Group Limited Crystal International Group Limited is an investment holding company engaged in the manufacture and trading of garments for global apparel brands. The company offers a diversified portfolio of products spanning lifestyle wear, sportswear and outdoor apparel, denim, intimate apparel, and sweaters; it also provides vertically integrated fabric production including knitted fabrics. Crystal International Group Limited operates production facilities across Vietnam, China, Cambodia, Bangladesh, and Sri Lanka, with sales directed primarily to Asia Pacific, North America, and Europe; founded in 1970, it maintains headquarters in Kwun Tong, Hong Kong. In 2024, the company reported record revenue of US$2.47 billion and net profit of US$201 million, driven by workforce expansion to 75,000 employees, enhanced automation, and gross profit margin improvement to 19.7%; it advanced sustainability efforts by installing 8MW of solar PV capacity for a total of 20MW, completing 120 energy efficiency measures reducing carbon by 32,000 tonnes, and progressing toward Crystal Sustainability Vision 2030 goals. Recent leadership enhancements include the appointment of Mr. LO Ching Leung Andrew as Vice Chairman effective January 2025 and the establishment of a People Committee for talent and succession oversight; the board proposed a total dividend of HK38.3 cents per share, including a special dividend marking the company's 55th anniversary.