---
title: "BAIJIN LIFE-32K (02989.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/02989.HK.md"
symbol: "02989.HK"
name: "BAIJIN LIFE-32K"
industry: "服裝、配飾及奢侈品"
---

# BAIJIN LIFE-32K (02989.HK)

| Item | Detail |
|------|--------|
| Industry | 服裝、配飾及奢侈品 |

## Company Profile

錢唐控股有限公司是一家主要從事採購、加工、設計、生產及批發分銷珍珠及珠寶產品的中國香港投資控股公司。該公司的主要產品包括項鏈、耳環、戒指、掛件、手煉、南洋珍珠、大溪地珍珠及淡水珍珠。該公司的生產設施位于中國深圳市。該公司的客戶主要來自歐洲、北美、中國香港及其他亞洲國家和地區。

## 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: 2026-02-22T04:30:11.000Z

**Overall: B (0.36)**

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

| Metric | Value |
|--------|-------|
| Industry Median | C |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 20.46% |  |
| Net Profit YoY | 171.18% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 0.00 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 0.00 |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 119.80M |  |


**Multi Score**: B

#### Profit Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 7.11% | C |
| Profit Margin | 6.75% | B |
| Gross Margin | 15.39% | D |

#### Growth Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 20.46% | B |
| Net Profit YoY | 171.18% | A |
| Total Assets YoY | 19.00% | A |
| Net Assets YoY | 46.89% | A |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 1481.95% | B |
| OCF YoY | 20.46% | B |

#### Operating Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.46 | C |

#### Debt Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 43.97% | C |


```chart-data:radar
{
  "title": "Longbridge Financial Score - BAIJIN LIFE-32K",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "7.11%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "6.75%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "15.39%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "A",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "20.46%",
          "rating": "B"
        },
        {
          "name": "Net Profit YoY",
          "value": "171.18%",
          "rating": "A"
        },
        {
          "name": "Total Assets YoY",
          "value": "19.00%",
          "rating": "A"
        },
        {
          "name": "Net Assets YoY",
          "value": "46.89%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "1481.95%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "20.46%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "C",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.46",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "C",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "43.97%",
          "rating": "C"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 老鋪黃金 (HK.6181) | A | A | A | C | B | A |
| 02 | 華新手袋國際控股 (HK.2683) | B | A | A | B | B | A |
| 03 | 安踏體育 (HK.2020) | A | B | B | C | B | B |
| 04 | 安踏體育-R (HK.82020) | A | B | B | C | B | B |
| 05 | 普拉達 (HK.1913) | A | B | B | C | B | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 58.81 | 41/89 | 58.81 | 58.81 | 58.81 |
| PB | 3.37 | 68/89 | 3.37 | 3.37 | 3.37 |
| PS (TTM) | 3.97 | 79/89 | 3.97 | 3.97 | 3.97 |
| Dividend Yield | 0.00% | - | - | - | - |

## References

- [Company Overview](https://longbridge.com/en/quote/02989.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/02989.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/02989.HK/topics.md) - Community topics and discussions

---

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