---
title: "晶苑国际集团有限公司 (02232.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/02232.HK.md"
symbol: "02232.HK"
name: "晶苑国际集团有限公司"
industry: "服装、配饰及奢侈品"
---

# 晶苑国际集团有限公司 (02232.HK)

| Item | Detail |
|------|--------|
| Industry | 服装、配饰及奢侈品 |
| Location | 港股市场 |
| Website | [www.crystalgroup.com](https://www.crystalgroup.com) |

## Company Profile

晶苑国际集团有限公司是一家主要从事于制造及销售服装的投资控股公司。该公司通过五个分部运营业务，即休闲服、牛仔服、贴身内衣、毛衣以及运动服及户外服分部，主要为全球服装品牌提供一站式制造服务。此外，该公司拥有分布于越南、中国、柬埔寨、孟加拉及斯里兰卡等国家的生产设施，包括制衣厂及布厂。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-20T04:30:10.000Z

**Overall: B (0.27)**

**Industry**: Apparel, Accessories and Luxury Goods

| Metric | Value |
|--------|-------|
| Industry Ranking | 10 / 88 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 14.78% |  |
| Net Profit YoY | 23.09% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 1.74 |  |
| Dividend Ratio | 5.54% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 21.03B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 20.30B |  |


**Multi Score**: B

#### Profit Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 14.32% | B |
| Profit Margin | 8.24% | B |
| Gross Margin | 19.73% | D |

#### Growth Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 14.78% | B |
| Net Profit YoY | 23.09% | B |
| Total Assets YoY | 14.13% | B |
| Net Assets YoY | 5.48% | B |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 1213.23% | B |
| OCF YoY | 14.78% | B |

#### Operating Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 1.19 | A |

#### Debt Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 34.11% | B |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 晶苑国际集团有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "B",
      "indicators": [
        {
          "name": "ROE",
          "value": "14.32%",
          "rating": "B"
        },
        {
          "name": "Profit Margin",
          "value": "8.24%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "19.73%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "B",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "14.78%",
          "rating": "B"
        },
        {
          "name": "Net Profit YoY",
          "value": "23.09%",
          "rating": "B"
        },
        {
          "name": "Total Assets YoY",
          "value": "14.13%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "5.48%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "1213.23%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "14.78%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "A",
      "indicators": [
        {
          "name": "Turnover",
          "value": "1.19",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "B",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "34.11%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 老铺黄金 (HK.6181) | A | A | A | C | B | A |
| 02 | 华新手袋国际控股 (HK.2683) | B | A | A | B | B | A |
| 03 | 安踏体育 (HK.2020) | A | B | B | C | B | B |
| 04 | 安踏体育-R (HK.82020) | A | B | B | C | B | B |
| 05 | 普拉达 (HK.1913) | A | B | B | C | B | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 12.54 | 23/89 | 11.90 | 11.17 | 9.15 |
| PB | 1.75 | 50/89 | 1.66 | 1.53 | 1.20 |
| PS (TTM) | 1.03 | 55/89 | 0.98 | 0.91 | 0.74 |
| Dividend Yield | 5.51% | 17/89 | 6.30% | 5.86% | 5.43% |

## Institutional View

### Analyst Rating Distribution

> As of 2026-01-14T16:00:00.000Z

Total Analysts: **9**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 8 | 89% |
| Overweight | 0 | 0% |
| Hold | 1 | 11% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 7.41 |
| Highest Target | 9.32 |
| Lowest Target | 6.07 |

## References

- [Company Overview](https://longbridge.com/en/quote/02232.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/02232.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/02232.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.