Hongbo Co. Ltd. Class A

Hongbo Co. Ltd. Class A

SSZSE:002229
9.88
CNY
+0.35
(+3.67%)
-0.51EPS
5.12BMarket 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
1.59
1.93
1.48
2.73
1.38
1.41
1.25
0.96
1.16
1.11
1.26
1.03
2.05
0.82
Basic EPS, GAAP
0.11
0.06
0.02
0.04
0.02
0.01
0.07
0.05
0.02
-0.15
-0.11
-0.59
-0.3
-0.53
Free Cash Flow per Basic Share
0.05
-0.11
0.14
0.31
0.02
0.22
0.06
0.18
- -
-0.05
-0.42
0.01
-0.33
- -
Dividend per Share
0.06
0.04
0.03
0.13
0.04
0.15
0.04
0.01
0.02
0.05
0.04
0.03
0.05
0.05
Book Value per Share
1.89
1.93
1.95
3.3
3.26
3.34
3.39
3.37
3.39
3.24
3.11
2.52
2.22
2.12
Tangible Book Value per Share
1.79
1.74
1.7
3.08
3.06
3.14
3.2
3.18
3.17
3.03
2.91
2.35
2.07
1.97
Basic Weighted Avg Shares
447
447
447
310
503
499
499
494
494
493
493
493
493
494
Sales/Revenue/Turnover
711
864
661
846
695
706
627
474
574
546
620
510
1,013
407
Operating Margin (%)
11.55
5.6
-2.39
7.76
3.34
0.89
4.9
-1.73
3.49
-6.41
-1.6
-20.06
-0.65
-34.16
Depreciation Expense
41
44
41
60
60
60
52
51
55
53
60
91
82
- -
Net Income, GAAP
49
28
9
13
11
5
35
25
9
-75
-54
-293
-146
-262
Effective Tax Rate (%)
22.55
- -
6.92
37.08
53.26
23.04
17.98
23.2
6.63
- -
- -
- -
- -
- -
Profit Margin (%)
6.9
3.2
1.39
1.5
1.55
0.73
5.64
5.37
1.59
-13.76
-8.78
-57.51
-14.39
-64.47
Working Capital
160
128
95
927
851
760
854
832
872
746
514
298
237
298
LT Debt
- -
- -
71
57
- -
- -
- -
37
65
8
153
146
95
111
Total Equity
890
908
1,047
1,832
1,762
1,766
1,794
1,772
1,784
1,722
1,662
1,345
1,190
1,144
Return on Invested Capital (%)
5.24
- -
0.65
2.03
0.69
0.59
2.63
2.06
1.04
- -
- -
- -
- -
- -
Return on Capital (%)
4.85
- -
1.18
-0.2
0.65
0.06
1.33
0.83
0.33
- -
- -
- -
- -
- -
Return on Common Equity (%)
5.92
3.24
1.06
1.01
0.65
0.31
2.1
1.51
0.54
-4.55
-3.44
-20.92
-12.38
-21.98

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
375
332
285
LT Borrowings
5
- -
26
LT Finance Leases
90
85
86
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
496
496
496
Market Capitalization
7,666
8,852
5,121

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
987
891
822
Cash, Cash Equivalents & STI
473
423
417
Accounts Receivable, Net
237
263
208
Inventories
137
101
100
Total Current Liabilities
750
644
524
Payables & Accruals
- -
- -
- -
ST Debt
375
332
285
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.49%
-7.38%
-11.5%
Free Cash Flow
-831.92%
-1,879.79%
-4,250.56%
Net Income, GAAP
-9.53%
-124.97%
-50.3%
Sales/Revenue/Turnover
8.69%
22.15%
98.63%
Total Cash Common Dividend
49.71%
44.37%
53.42%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
155
110
126
119
510
2025
677
113
- -
107
1,013
2026
88
98
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
-0.03
-0.05
-0.47
-0.59
2025
0.17
-0.09
- -
-0.34
-0.3
2026
-0.06
-0.04
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.01
0.01
0.03
2025
0.01
0.01
- -
0.02
0.05
2026
0.01
0.01
- -
- -
- -

Company Description

CEO
Wei Pu
Full Time Employees
1,085
Sector
Commercial services
Industry
Commercial printing/Forms
Address
No. 26 Nanjiangbin West Avenue Fuzhou FU China 350002
IPO Date
May 9, 2008
Business
Hongbo Co., Ltd. engages primarily in the security printing business and operates both domestically in China and internationally. Its core products and services include the production and sales of lottery tickets (including computer thermal lottery tickets), thermal paper products, ordinary tax invoices, certificates, passbooks, licenses, anti-counterfeiting tickets, and blockchain lottery services. The company also offers new media marketing service systems and technology platform development related to lottery channels. In addition, Hongbo produces books, high-end packaging materials such as wine boxes, commercial papers, and decorative printed matters used in packaging and marketing. Its business segments cover lottery printing, commercial printing, high-end packaging, safe printing, and blockchain-related lottery services. In recent strategic developments, Hongbo has expanded through acquisitions and partnerships, including its wholly-owned subsidiary Yingbo Shuke which signed significant product sales contracts in early 2024. The company has also entered into agreements to acquire a 46% stake in Guangzhou Coayu Robot Co., Ltd., reflecting a diversification into robotics and technology manufacturing. Operationally, it has maintained steady progress in technology and marketing platform innovations in the lottery and printing sectors. These moves highlight Hongbo's strategic shift toward integrating advanced technology with its traditional printing and packaging businesses to drive growth. Founded in 1992, Hongbo Co., Ltd. is headquartered in Shenzhen, China. It operates across multiple segments including lottery industry services, safe printing, packaging, color printing, IoT industry applications, and interactive entertainment commerce. The company serves a wide range of customers, including government lottery organizations, commercial businesses requiring secure printing products, and consumers in entertainment and marketing sectors. Hongbo's extensive geographic operations focus primarily on China with growing international reach, supported by subsidiaries and strategic investments. Overall, Hongbo Co., Ltd. is a comprehensive enterprise integrating traditional high-security printing products with innovative blockchain and technology platforms. Its recent strategic expansion into robotics and ongoing development of new media marketing systems illustrate a forward-looking approach in the printing and secure document market space. The company continues to leverage its extensive product portfolio and technological advancements to maintain its market position and explore new growth opportunities.