Company Overview - Zhonglian Development Holdings Limited has established a significant position in the design and production of leather accessories over the past two decades, evolving from a small enterprise to an internationally recognized leather products company [3] - The company specializes in designing, producing, and exporting belts and other small leather goods such as wallets and keychains, catering to renowned clothing retailers in the US, Europe, and Asia [3] - With production facilities in China, the company collaborates with major high-end retail groups to leverage their extensive distribution networks across the country [3] Financial Performance - As of December 31, 2024, Zhonglian Development Holdings reported total revenue of 20.34 million, a year-on-year decrease of 27.52% [1] - The company recorded a net profit attributable to shareholders of -15.80 million, reflecting a year-on-year increase of 38.87% [1] - The gross profit margin stood at 30.06%, while the debt-to-asset ratio was 670.15% [1] Market Position and Valuation - Currently, there are no institutional investment ratings for Zhonglian Development Holdings [2] - The company's price-to-earnings (P/E) ratio is -30.62, ranking it 72nd in the industry, while the average P/E ratio for the textile and apparel industry is -11.08 [2] - Comparatively, other companies in the industry have P/E ratios such as FAST RETAIL-DRS at 0.35, Zhejiang Yong'an at 1.34, and others ranging from 3.46 to 3.49 [2] Upcoming Events - The company is scheduled to disclose its interim report for the fiscal year 2025 on August 29, 2025 [4] - On August 21, 2025, the company plans to issue 44 million new shares, representing 9.25% of the enlarged share capital, at a subscription price of 1.42 HKD per share, which is a 17.36% discount to the previous closing price [4]