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New Focus Auto Tech Holdings
(OTC:0360)
New Focus Auto Tech Holdings (0360) vs. iShares MSCI Hong Kong ETF (EWH)
New Focus Auto Tech Holdings Business Overview & Revenue Model
New Focus Auto Tech Holdings Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 518.52M | 555.38M | 591.67M | 728.14M | 890.91M |
| Gross Profit | 85.25M | 90.97M | 91.02M | 102.19M | 100.44M |
| EBITDA | -57.11M | -47.78M | -19.25M | -9.27M | -366.67M |
| Net Income | -67.92M | -87.32M | -48.50M | -101.62M | -461.32M |
Balance Sheet | |||||
| Total Assets | 1.51B | 1.48B | 1.69B | 1.04B | 1.29B |
| Cash, Cash Equivalents and Short-Term Investments | 467.73M | 138.92M | 278.83M | 42.65M | 68.77M |
| Total Debt | 311.44M | 309.00M | 308.80M | 379.76M | 450.81M |
| Total Liabilities | 858.48M | 769.63M | 990.46M | 848.05M | 1.02B |
| Stockholders Equity | 500.10M | 595.38M | 687.14M | 179.80M | 272.20M |
Cash Flow | |||||
| Free Cash Flow | 11.19M | -57.33M | -230.65M | -33.58M | 64.80M |
| Operating Cash Flow | 56.59M | 413.60M | -221.12M | -26.28M | 68.57M |
| Investing Cash Flow | -69.75M | -685.07M | -9.13M | -25.89M | -1.68M |
| Financing Cash Flow | 22.95M | 78.66M | 463.95M | 26.60M | -63.37M |
New Focus Auto Tech Holdings Technical Analysis
New Focus Auto Tech Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$4.61B | 3.24 | 21.97% | 8.59% | 8.48% | 25.41% | |
60 Neutral | HK$260.70M | 14.96 | 4.62% | 1.80% | 6.62% | -23.92% | |
56 Neutral | HK$24.68B | 3.78 | -3.23% | 5.89% | 0.25% | -59.97% | |
55 Neutral | HK$1.81B | 33.13 | 2.60% | 0.94% | -25.59% | 116.88% | |
54 Neutral | HK$513.07M | 11.28 | 3.02% | 1.07% | -2.00% | 7.08% | |
48 Neutral | HK$230.00M | 104.55 | 0.80% | ― | -2.97% | -42.11% | |
45 Neutral | $895.28M | ― | -12.40% | ― | -8.28% | 21.82% |
New Focus Auto Tech Holdings Corporate Events
New Focus Auto Tech Holdings Limited has issued a profit warning, expecting a net loss of RMB50 million to RMB60 million for the first half of 2025, compared to a loss of RMB16.12 million in the same period of 2024. Despite a revenue increase driven by growth in its manufacturing and trading business, as well as its automotive dealership and services, the company faced increased administrative expenses due to expanding R&D efforts and start-up costs for hydrogen-related companies. Additionally, a significant loss in fair value change from an investment contributed to the increased net loss. The company is implementing measures to control expenses and improve profitability in the future.
New Focus Auto Tech Holdings Limited has announced the successful conclusion of a factoring contract with Tianjin Zhongcai Commercial Factoring Co., Ltd. This agreement, involving New Focus Lighting & Power (Shanghai) and supported by guarantees from its subsidiaries, aims to enhance the company’s financial operations and stability. The contract aligns with previously disclosed terms and is expected to strengthen the company’s financial positioning and operational capabilities.
New Focus Auto Tech Holdings Limited announced the approval of a commercial factoring contract with Tianjin Zhongcai Commercial Factoring Co., Ltd. This contract will provide up to RMB30,000,000 in factoring financing for accounts receivable to support the working capital of its subsidiary, New Focus Lighting & Power (Shanghai). The agreement, which runs from July 18 to December 31, 2025, includes guarantees from other subsidiaries and is considered a fair and reasonable transaction by the company’s directors.
New Focus Auto Tech Holdings Limited announced that all resolutions proposed at its Annual General Meeting on June 30, 2025, were passed by shareholders. The resolutions included the adoption of financial statements, re-election of directors, re-appointment of auditors, and granting of mandates for share allotment and repurchase. This successful AGM reflects strong shareholder support and positions the company for continued strategic initiatives in the automotive sector.
New Focus Auto Tech Holdings Limited announced a supplemental disclosure regarding a previous transaction involving the pledge of its equity interests in Wenzhou Ouchu, which is accounted for as an associate of the company. As of May 31, 2025, the carrying amount of this equity interest was approximately RMB24,478,000. This transaction highlights the company’s strategic financial maneuvers and may have implications for its market positioning and stakeholder interests.
New Focus Auto Tech Holdings Limited announced a finance lease arrangement involving its associate company, Wenzhou Ouchu, and Qianhai Xingbang. Under this agreement, Wenzhou Ouchu will sell new energy equipment to Qianhai Xingbang for RMB220 million and lease it back for ten years, with total payments amounting to RMB272.73 million. The transaction is secured by equity pledges and guarantees, and it is classified as a discloseable transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but not shareholder approval.
New Focus Auto Tech Holdings Limited has announced its upcoming annual general meeting scheduled for June 30, 2025, in Shanghai. The meeting will address several key resolutions, including the adoption of the company’s financial statements, re-election of directors, and re-appointment of auditors. Additionally, the company seeks approval to allot and issue additional shares, which could impact its market position and shareholder value.
New Focus Auto Tech Holdings Limited has decided not to proceed with the proposed increase in authorised share capital due to current market conditions. The decision aims to maintain financial flexibility and will be reconsidered when strategic opportunities arise, aligning with the interests of the company and its shareholders.
New Focus Auto Tech Holdings Limited issued a clarification announcement regarding inadvertent clerical errors in their periodic financial reports for the years 2023 and 2024. The company corrected the analysis of segment information related to reportable segment assets and liabilities for their manufacturing and trading business and hydrogen fuel cell business. The revised information does not affect other data in the reports, ensuring stakeholders have accurate financial insights.