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Diversified holding company: manpower outsourcing and dormitory services in Singapore plus minimally-invasive-surgery products in China.
Diversified holding company: manpower outsourcing and dormitory services in Singapore plus minimally-invasive-surgery products in China.
Supplies foreign workers to construction and marine firms in Singapore, which pay monthly fees, and rents beds in dormitories, so headcount placed and occupancy set results; Singapore's quotas and levies on foreign workers constrain the business. The medical-products unit in China is a separate venture.
In one line: A conglomerate mixing a Singapore staffing agency with a small Chinese medical-device unit.
Moat: none. Low-margin staffing/dormitory business with little differentiation.
Headquarters: Wan Chai, Hong Kong · Founded: 2006 · Employees: 485
Size Jinhai Medical Technology (2225.HK) is a Hong Kong Industrials company (Personnel Services) with a market value of $3.02B, the 337th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$4.45 on 6 Nov 2026.
Performance Over six months the shares fell 6.1%, against +24.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 16 in its peer set.
Growth Revenue grew 75.4% over the last twelve months (peer median +0.1%); the operating margin is -16.6% (peer median 4.5%).
Valuation It trades at 58.9× enterprise value to sales against a peer median of 0.8× (most expensive of 16).
Capital Return on invested capital runs 26.1 points below its cost of capital (5.5% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$400M | HK$276M | HK$293M | HK$266M | HK$127M |
| Revenue growth | — | -6% | +10% | +110% | — |
| Gross profit | HK$71.4M | HK$42.9M | HK$67.0M | HK$70.1M | HK$57.4M |
| EBITDA | -HK$28.8M | -HK$79.9M | -HK$88.0M | -HK$2.87M | HK$24.9M |
| Net income | -HK$68.0M | -HK$102M | -HK$105M | -HK$18.3M | HK$2.66M |
| Free cash flow | -HK$52.2M | -HK$37.4M | -HK$27.6M | -HK$17.5M | HK$19.4M |
| Capital expenditure | HK$17.9M | HK$566,835 | HK$5.79M | HK$7.20M | HK$6.69M |
| Total debt | n/a | HK$90.2M | HK$82.7M | HK$59.7M | HK$25.9M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Jinhai Medical Technology 2225.HK | $3.02B | -6% | +75% | -17% | 58.9× | n/a |
| ManpowerGroup MAN | $2.07B | +49% | +7% | 2% | 0.2× | -0.4% |
| Recruit 6098.T | $149B | +133% | +9% | 20% | 5.9× | 22.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2225.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.0% | +2.3% | 6th lowest of 16 |
| 6-month return | -6.1% | +24.6% | lowest of 16 |
| Distance from 52-week high | -36.3% | -12.3% | 2nd lowest of 16 |
| Revenue growth (TTM) | +75.4% | +0.1% | highest of 16 |
| Operating margin | -16.6% | 4.5% | lowest of 16 |
| EV / Sales | 58.9× | 0.8× | most expensive of 16 |
| ROIC minus cost of capital | -26.1 pp | +8.4 pp | lowest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jinhai Medical Technology 2225.HK | Hong Kong | $3.02B | -6% | +75% | -17% | 58.9× | n/a | n/a |
| Persol 2181.T | Japan | $4.11B | +22% | +10% | 4% | 0.4× | -10.3% | +10.4% |
| Korn Ferry KFY | United States | $4.11B | +11% | +7% | 13% | 1.3× | 2.0% | +10.1% |
| Robert Half RHI | United States | $4.28B | +55% | -3% | 1% | 0.8× | 26.7% | +1.0% |
| ManpowerGroup MAN | United States | $2.07B | +49% | +7% | 2% | 0.2× | -0.4% | 0.0% |
| Adecco ADEN.SW | Switzerland | $4.82B | +24% | 0% | 2% | 0.3× | -3.5% | +0.7% |
| SMS 2175.T | Japan | $1.31B | +33% | +8% | 11% | 2.9× | 19.2% | +12.5% |
| Upwork UPWK | United States | $1.26B | +14% | -1% | 18% | 1.3× | -7.1% | +16.1% |
| Hays HAS.L | United Kingdom | $1.24B | +75% | -3% | 1% | 0.2× | 18.3% | +2.6% |
| JAC Recruitment 2124.T | Japan | $1.21B | +34% | +12% | 26% | 3.5× | -1.0% | +16.4% |
| Randstad RAND.AS | Netherlands | $8.14B | +69% | 0% | 3% | 0.4× | 1.1% | +2.2% |
| Open Up 2154.T | Japan | $1.11B | +12% | -11% | 10% | 1.0× | -6.5% | +11.1% |
| Kforce KFRC | United States | $970M | +25% | +2% | 5% | 0.8× | 9.8% | -1.0% |
| Grupa Pracuj spolka akcyjna GPP.WA | Poland | $919M | +23% | +5% | 37% | 4.1× | -1.9% | +22.1% |
| Michael Page PAGE.L | United Kingdom | $896M | +60% | -3% | 2% | 0.5× | 23.5% | +4.1% |
| UT Group Co.,Ltd. 2146.T | Japan | $868M | +22% | -13% | 7% | 0.7× | 6.7% | +7.7% |