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Hong Kong-listed textile company; specific product/segment not confirmed.
Hong Kong-listed textile company; specific product/segment not confirmed.
Moat: none
Headquarters: China · Employees: 9,022
Size Billion Industrial (2299.HK) is a Hong Kong Consumer Discretionary company (Textiles) with a market value of $1.48B, the 494th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$11.00 on 6 Nov 2026.
Performance Over six months the shares gained 135.6%, against -9.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 13.4% over the last twelve months (peer median +4.0%); the operating margin is 5.6% (peer median 9.0%).
Valuation It trades at 0.8× enterprise value to sales against a peer median of 1.7× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.4 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$23.9B | HK$19.6B | HK$22.4B | HK$19.6B | HK$18.1B |
| Revenue growth | — | -12% | +14% | +8% | — |
| Gross profit | HK$2.53B | HK$1.56B | HK$1.70B | HK$1.16B | HK$1.65B |
| EBITDA | HK$2.26B | HK$1.53B | HK$1.53B | HK$1.12B | HK$1.50B |
| Net income | HK$1.42B | HK$698M | HK$811M | HK$391M | HK$763M |
| Free cash flow | HK$3.80B | -HK$1.96B | HK$796M | -HK$1.20B | HK$127M |
| Capital expenditure | HK$1.35B | HK$815M | HK$193M | HK$1.14B | HK$3.16B |
| Total debt | n/a | HK$12.9B | HK$15.2B | HK$775M | HK$971M |
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.
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 | 2299.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +93.0% | -7.0% | highest of 21 |
| 6-month return | +135.6% | -9.6% | highest of 21 |
| Distance from 52-week high | -4.5% | -23.5% | 3rd highest of 21 |
| Revenue growth (TTM) | +13.4% | +4.0% | 6th highest of 21 |
| Operating margin | 5.6% | 9.0% | 6th lowest of 21 |
| EV / Sales | 0.8× | 1.7× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -8.7% | 4.5% | 2nd least demanding of 18 |
| Growth delivered (Del g) | +15.6% | +3.3% | 3rd highest of 18 |
| Hurdle (Req g minus delivered) | -24.3 pp | +3.2 pp | 2nd least demanding of 18 |
| ROIC minus cost of capital | +0.4 pp | +2.3 pp | 9th lowest of 21 |
| EV / EBITDA | 8.0× | 8.8× | 2nd cheapest of 6 |
| Net debt / EBITDA | 2.9× | 1.9× | 2nd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Billion Industrial 2299.HK | Hong Kong | $1.48B | +136% | +13% | 6% | 0.8× | -8.7% | +15.6% |
| Xinxiang Chemical Fiber 000949.SZ | China | $1.46B | -27% | +19% | 8% | 1.5× | -3.3% | +12.2% |
| Luolai Lifestyle Technology 002293.SZ | China | $1.55B | +10% | +6% | 14% | 2.0× | -2.6% | -0.2% |
| Bros Eastern 601339.SS | China | $1.72B | -16% | +11% | 11% | 1.5× | -8.3% | +5.2% |
| Ruentex Industries 2915.TW | Taiwan | $1.72B | +23% | -25% | 10% | 30.6× | 48.3% | -2.4% |
| Tangshan Sanyou Chemical Industries 600409.SS | China | $1.72B | -28% | +1% | 1% | 0.8× | 4.5% | +1.3% |
| North Chemical Industries 002246.SZ | China | $1.80B | -10% | +17% | 15% | 3.8× | 8.3% | +3.0% |
| Sunvim 002083.SZ | China | $1.16B | -20% | +19% | 17% | 1.5× | -12.1% | +3.3% |
| Albany International AIN | United States | $1.91B | +8% | +14% | 13% | 1.7× | 8.5% | +5.6% |
| Kurabo Industries 3106.T | Japan | $1.10B | +33% | -3% | 7% | 1.1× | 8.2% | +3.3% |
| OC Oerlikon OERL.SW | Switzerland | $1.99B | +41% | -21% | 8% | 1.5× | 1.0% | -7.0% |
| Zhejiang Taihua New Material 603055.SS | China | $1.09B | -9% | +3% | 10% | 1.7× | -5.0% | +20.7% |
| Shanghai Haixin 600851.SS | China | $1.08B | +4% | -15% | 7% | 10.0× | n/a | n/a |
| Seiren 3569.T | Japan | $1.07B | -1% | +12% | 12% | 0.7× | -4.9% | +11.7% |
| Huafon Microfibre (Shanghai) 300180.SZ | China | $1.06B | -24% | -6% | -1% | 2.0× | 16.2% | +4.4% |
| Nanjing Chemical Fibre 600889.SS | China | $1.03B | -24% | +115% | 5% | 8.4× | 35.4% | -3.9% |
| Coats COA.L | United Kingdom | $2.14B | +2% | +5% | 15% | 1.9× | 11.6% | +4.1% |
| Zhejiang Hangmin 600987.SS | China | $1.02B | -6% | -23% | 8% | 0.4× | n/a | n/a |
| HMT (Xiamen) New Technical Materials 603306.SS | China | $2.18B | -56% | -1% | 0% | 6.3× | 50.6% | +21.4% |
| Shenzhen Fuanna Bedding & Furnishing 002327.SZ | China | $951M | -26% | -5% | 12% | 2.4× | -1.3% | -2.1% |
| Hyosung Tnc 298020.KS | South Korea | $911M | -45% | +8% | 5% | 0.1× | n/a | n/a |