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National Electronics Holdings Limited (HK:0213)
:0213
Hong Kong Market
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National Electronics Holdings (0213) AI Stock Analysis

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HK:0213

National Electronics Holdings

(0213)

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Neutral 53 (OpenAI - 4o)
Rating:53Neutral
Price Target:
HK$0.50
▲(25.00% Upside)
The overall stock score of 53 reflects mixed financial performance with profitability but declining revenue and high leverage. Technical analysis shows a short-term upward trend but with bearish momentum indicators. The valuation is attractive due to a low P/E ratio, suggesting potential undervaluation. The lack of earnings call and corporate events data limits further insights.

National Electronics Holdings (0213) vs. iShares MSCI Hong Kong ETF (EWH)

National Electronics Holdings Business Overview & Revenue Model

Company DescriptionNational Electronics Holdings Limited, an investment holding company, manufactures, assembles, and sells electronic watches and watch parts in the Hong Kong, People's Republic of China, North America, Europe, and internationally. It operates through Manufacture of Watches and Trading of Watch Movements; Property Development and Investment; and Hotel Operation segments. The company is also involved in trading watch movements, watch parts, and electronic products; and the investment, development, management, leasing, and sale of properties. In addition, it manages and operates hotels. Further, the company manufactures and sells metal and plastic products, and liquid crystal display and quartz analogue watches, as well as electronic products; develops and sells smart watches and wearables; subcontracts electronic products; and provides inspection and liaison services. The company was incorporated in 1989 and is based in Central, Hong Kong.
How the Company Makes MoneyNational Electronics Holdings generates revenue primarily through the sale of electronic components and consumer electronics. The company operates a multi-faceted revenue model that includes wholesale distribution to retailers and manufacturers, direct sales to consumers through its retail outlets, and contract manufacturing services for third-party brands. Key revenue streams include margins on electronic component sales, service fees from contract manufacturing agreements, and retail sales of consumer electronics. Additionally, strategic partnerships with major electronics brands enhance its product offerings and market reach, contributing to consistent earnings growth.

National Electronics Holdings Financial Statement Overview

Summary
The company shows strong profit margins but faces declining revenue and high leverage, posing financial risks. Negative cash flows further highlight financial instability.
Income Statement
45
Neutral
The income statement shows a declining revenue trend with a negative growth rate of -10.35% in the latest year. Despite this, the company maintains a strong gross profit margin of 25.29% and a net profit margin of 18.69%, indicating efficient cost management. However, the EBIT margin is notably high at 55.00%, which may suggest non-operational income or cost adjustments. Overall, the income statement reflects mixed performance with profitability but declining revenue.
Balance Sheet
40
Negative
The balance sheet reveals a high debt-to-equity ratio of 2.20, indicating significant leverage, which could pose financial risk. The return on equity is modest at 3.64%, suggesting limited efficiency in generating returns from equity. The equity ratio stands at 27.12%, showing a moderate level of equity financing. The balance sheet highlights potential risks due to high leverage, despite stable equity levels.
Cash Flow
30
Negative
The cash flow statement indicates negative operating cash flow and free cash flow, with a significant free cash flow growth of 114.92% due to prior negative values. The operating cash flow to net income ratio is negative, suggesting cash flow challenges. The free cash flow to net income ratio is slightly above 1, indicating that free cash flow covers net income. Overall, the cash flow situation is concerning due to negative cash flows and reliance on non-operational income.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue560.26M502.31M578.22M501.31M694.56M1.44B
Gross Profit121.75M127.02M120.93M107.80M87.82M160.60M
EBITDA11.19M294.59M299.10M9.61M96.69M223.66M
Net Income42.23M93.90M41.13M48.87M91.36M116.26M
Balance Sheet
Total Assets9.12B9.51B8.58B8.51B8.34B7.36B
Cash, Cash Equivalents and Short-Term Investments604.83M316.00M568.33M1.00B1.30B1.33B
Total Debt5.39B5.67B4.94B4.91B4.70B4.14B
Total Liabilities6.56B6.93B6.03B5.96B5.72B4.80B
Stockholders Equity2.56B2.58B2.55B2.54B2.62B2.56B
Cash Flow
Free Cash Flow-193.39M-415.64M-229.32M-291.20M-369.58M529.59M
Operating Cash Flow-184.88M-405.37M-220.81M-289.59M-368.36M534.93M
Investing Cash Flow112.60M32.27M115.75M-155.69M-69.65M-396.79M
Financing Cash Flow44.03M437.45M-275.74M167.74M451.12M-81.06M

National Electronics Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.40
Price Trends
50DMA
0.38
Positive
100DMA
0.38
Positive
200DMA
0.40
Positive
Market Momentum
MACD
<0.01
Negative
RSI
57.61
Neutral
STOCH
50.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0213, the sentiment is Positive. The current price of 0.4 is above the 20-day moving average (MA) of 0.39, above the 50-day MA of 0.38, and above the 200-day MA of 0.40, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.61 is Neutral, neither overbought nor oversold. The STOCH value of 50.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0213.

National Electronics Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
80
Outperform
HK$450.11M5.1010.79%11.31%14.24%3.63%
53
Neutral
HK$361.42M3.853.66%1.27%-13.13%128.79%
49
Neutral
HK$559.31M-14.11-2.03%-41.44%-209.76%
47
Neutral
HK$655.36M74.604.30%111.72%1.61%
43
Neutral
HK$648.46M-10.30-47.04%-20.65%-616.18%
37
Underperform
HK$610.72M58.8217.66%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0213
National Electronics Holdings
0.40
-0.14
-25.93%
HK:3389
Hengdeli Holdings
0.13
-0.01
-7.97%
HK:0280
King Fook Holdings Limited
0.50
0.11
28.21%
HK:1856
Ernest Borel Holdings Ltd
1.84
0.34
22.67%
HK:0789
Artini Holdings Limited
0.47
-0.01
-2.08%
HK:8026
China Brilliant Global Limited
0.40
0.15
60.00%

National Electronics Holdings Corporate Events

National Electronics Holdings Approves Key Resolutions at AGM
Aug 26, 2025

National Electronics Holdings Limited held its Annual General Meeting on August 26, 2025, where all proposed resolutions were passed. Key resolutions included the approval of financial statements, re-election of directors, fixing directors’ remuneration, re-appointment of auditors, and granting mandates for share buybacks and issuances. The adoption of new bye-laws was also approved, reflecting strong shareholder support and potentially enhancing the company’s governance framework.

The most recent analyst rating on (HK:0213) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on National Electronics Holdings stock, see the HK:0213 Stock Forecast page.

National Electronics Holdings Announces AGM and Key Resolutions
Jul 31, 2025

National Electronics Holdings Limited has announced its upcoming annual general meeting (AGM) scheduled for August 26, 2025, in Hong Kong. Key agenda items include the approval of financial statements, a final dividend, re-election of directors, and the reappointment of auditors. Additionally, the company seeks shareholder approval for share buybacks and the issuance of new shares, which could influence its market positioning and shareholder value.

National Electronics Holdings Reports Strong Annual Results for 2025
Jun 29, 2025

National Electronics Holdings Limited announced its annual results for the year ended March 31, 2025, reporting a significant increase in profit to HK$93,898,000, up from HK$41,036,362 the previous year. The company also declared a final dividend of 0.5 HK cents per share, reflecting its improved financial performance and strategic positioning in the market.

National Electronics Holdings Announces Board Composition
Jun 29, 2025

National Electronics Holdings Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement provides clarity on the governance structure, which is crucial for stakeholders to understand the company’s leadership and decision-making processes.

National Electronics Holdings Declares Final Dividend for FY2025
Jun 29, 2025

National Electronics Holdings Limited has announced a final cash dividend of HKD 0.005 per share for the financial year ending March 31, 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may influence its market positioning by demonstrating financial stability and shareholder confidence.

National Electronics Holdings to Discuss Annual Financials and Dividend
Jun 16, 2025

National Electronics Holdings Limited has announced a board meeting scheduled for June 27, 2025. The meeting will address the approval of the company’s audited financial statements for the year ending March 31, 2025, consider the payment of a final dividend, and approve the publication of the annual results. This meeting is significant as it will determine the company’s financial disclosures and potential shareholder returns.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 12, 2025