Company Overview - Meiheng Industrial Holdings Limited operates as a subcontractor primarily engaged in the design, supply, and installation of facade and curtain wall systems, focusing on curtain walls and aluminum windows [2] - The company has been in operation for over 20 years in Hong Kong, with its history tracing back to 1990 when its main operating subsidiary was established [2] - Meiheng provides customized design and products for new and existing buildings, working closely with clients and architects [2] Financial Performance - As of September 30, 2024, Meiheng reported total revenue of 245 million HKD, a year-on-year decrease of 16.43% [1] - The net profit attributable to shareholders was 6.088 million HKD, showing a significant year-on-year increase of 49.79% [1] - The gross profit margin stood at 7.43%, while the debt-to-asset ratio was 19.75% [1] Market Position and Valuation - Meiheng's price-to-earnings (P/E) ratio is 12.48, ranking 65th in the industry, compared to the average P/E ratio of 9.19 for the construction sector [1] - The company has underperformed the Hang Seng Index, with a year-to-date decline of 5.62%, while the index has increased by 19.82% [1] - No investment ratings have been issued by institutions for Meiheng at this time [1] Industry Context - The construction industry has an average P/E ratio of 9.19, with a median of 1.54 [1] - Comparatively, other companies in the food and beverage sector have significantly lower P/E ratios, indicating a varied valuation landscape within the industry [1]
美亨实业（01897.HK）6月13日收盘上涨15.48%，成交4.16万港元