CWT International Limited

CWT International Limited

HHKEX:521
0.19
HKD
+0.00
(-1.04%)
2.75BMarket 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
0.1
0.1
0.03
0.02
2.1
4.29
3.57
3.92
4.86
3.39
3.27
3.45
4.09
- -
Basic EPS, GAAP
-0.12
-0.1
-0.04
- -
0.02
-0.05
-0.05
- -
0.02
0.01
- -
0.03
0.03
- -
Free Cash Flow per Basic Share
-0.03
-0.04
-0.02
-0.01
-0.09
0.11
0.01
0.11
-0.01
0.14
0.04
0.03
-0.23
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.3
0.26
0.31
0.29
0.48
0.43
0.37
0.38
0.4
0.41
0.41
0.42
0.47
0.49
Tangible Book Value per Share
0.29
-0.09
0.2
0.2
0.31
0.31
0.34
0.36
0.38
0.39
0.4
0.41
0.46
0.49
Basic Weighted Avg Shares
2,756
3,364
5,000
11,400
11,400
11,400
11,400
11,400
11,400
11,400
11,400
11,400
11,400
11,400
Sales/Revenue/Turnover
281
340
162
183
23,956
48,958
40,748
44,674
55,449
38,689
37,226
39,364
46,622
- -
Operating Margin (%)
-15.24
-6.28
-30.28
-39.14
0.35
-0.17
0.7
0.94
1.37
1.4
1.06
2.27
1.91
- -
Depreciation Expense
130
145
200
154
233
506
822
724
649
605
574
554
563
- -
Net Income, GAAP
-318
-335
-214
-22
204
-557
-598
41
209
153
39
304
371
- -
Effective Tax Rate (%)
- -
- -
- -
- -
23.32
- -
- -
35.4
37.84
24.14
67.82
28.98
14.85
- -
Profit Margin (%)
-113.14
-98.54
-131.98
-12
0.85
-1.14
-1.47
0.09
0.38
0.4
0.11
0.77
0.8
- -
Working Capital
735
891
3,569
1,857
-2,194
621
975
686
1,199
2,315
2,405
2,087
2,916
3,048
LT Debt
- -
1,083
1,063
1,557
4,079
1,722
4,192
3,829
3,641
3,710
3,505
2,622
2,993
2,747
Total Equity
884
1,470
3,956
3,739
5,971
5,315
4,621
4,498
4,723
4,831
4,798
4,905
5,482
5,718
Return on Invested Capital (%)
- -
- -
- -
- -
2.89
- -
- -
1.81
3.25
3.01
0.96
5.03
5.07
- -
Return on Capital (%)
- -
- -
- -
- -
3.22
- -
- -
1.53
2.06
2.1
1.06
4.35
4.9
- -
Return on Common Equity (%)
-33.66
-37.28
-9.51
-0.64
4.64
-10.8
-13.22
0.97
4.69
3.34
0.84
6.44
7.32
- -

Capital Structure

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
6,194
8,013
6,933
LT Borrowings
799
1,145
981
LT Finance Leases
1,956
1,847
1,766
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11,400
11,400
11,400
Market Capitalization
1,528
2,964
2,747

Working Capital

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
23,663
27,621
25,671
Cash, Cash Equivalents & STI
3,692
3,624
3,910
Accounts Receivable, Net
3,188
5,087
3,376
Inventories
4,022
4,922
5,317
Total Current Liabilities
21,192
24,705
22,624
Payables & Accruals
- -
- -
- -
ST Debt
6,194
8,013
6,933
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.81%
4.12%
11.75%
Free Cash Flow
-63.54%
-496.93%
-888.45%
Net Income, GAAP
-59.23%
200.66%
22%
Sales/Revenue/Turnover
1,314.74%
2.86%
18.44%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
39,364
2025
- -
- -
46,622
2026
- -
- -
- -

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.03
2025
- -
- -
0.03
2026
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Duo Xu Shang
Full Time Employees
5,961
Sector
Electronic technology
Industry
Telecommunications equipment
Address
Central Plaza Hong Kong Hong Kong
IPO Date
Dec 23, 1988
Business
CWT International Limited is an investment holding company primarily engaged in integrated logistics services, commodity marketing, financial services, and engineering services. Its main products and services include logistics services such as warehousing, transportation, freight forwarding, cargo consolidation, and supply chain management; commodity marketing focused on the physical trading and supply chain management of base metal non-ferrous concentrates predominantly copper, lead, zinc, and other minor metals, as well as energy products like naphtha and distillates; financial services including financial brokerage, structured trade, and asset management; and engineering services comprising management and maintenance of facilities, vehicles, and equipment, supply and installation of engineering products, property management, and design-and-build solutions for logistics properties. The company operates mainly in Mainland China, Singapore, and other parts of the Asia Pacific region, as well as Europe, Africa, North America, and South America. Founded in 1983, CWT International Limited is headquartered in Kowloon, Hong Kong. Recent major company changes include a continued focus on business synergies and high-quality growth, demonstrated by a 5% year-on-year revenue increase to HKD 38.9 billion and a net profit surge of 340% in 2024, driven by optimized global supply chain layouts, cost control, and increased profitability in its mineral commodity trading and freight logistics segments. The company also reported over 400% profit increase for 2024 attributed to growth in logistics services, commodity marketing profitability, higher interest income, and absence of prior year fair value losses. CWT International maintains strategic attention on mergers and acquisitions in developed economies, leveraging economic and trade developments in the Hainan Free Trade Port, Southeast Asia, and Hong Kong to strengthen its business. It remains a subsidiary of Hong Kong HNA Holding Group Co. Limited and is listed on the Hong Kong Stock Exchange under ticker 0521.HK. The company’s integrated logistics platform supports over 200 ocean freight ports and 1,600 inland destinations worldwide, emphasizing technology-enabled tracking, scheduling, and booking for supply chain efficiency. Its commodity marketing arm operates through MRI Trading AG and group companies, while financial brokerage services are conducted via Straits Financial group. Engineering services are delivered through Indeco Engineers, focusing on logistics property development and maintenance. CWT International’s strategic direction includes continued enhancement of core businesses and new growth opportunities under prudent investment principles, maintaining resilience and flexible market responsiveness in a complex global economy.