Wong's Kong King International (Holdings) Limited (0532) AI Stock Analysis

• Market Cap: HK$208.02M
• Dividend Yield: N/A
• Average Volume (3M): 69.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.16
• Revenue Growth: 6.32%
• EPS Growth: 28.39%
• Country: HK
• Employees: 3,880
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.01
• Shares Outstanding: 729,897,950
• 10 Day Avg. Volume: 96,800
• 30 Day Avg. Volume: 69,133
• PEG Ratio: -0.03
• Price to Book (P/B): 0.16
• Price to Sales (P/S): 0.06
• P/FCF Ratio: 2.17
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: HK$0.50 ▲(61.29% Upside)

The overall stock score is primarily impacted by weak financial performance, with declining revenues and profitability, increased leverage, and negative cash flows. Technical analysis shows some positive momentum, but the overbought RSI suggests caution. Valuation concerns due to negative earnings and lack of dividends further weigh down the score.

Positive Factors

Diversified Business Model

Wong's Kong King International's diversified business model across multiple industries like telecommunications and automotive provides resilience against sector-specific downturns, supporting long-term stability and growth.

Strategic Partnerships

Strategic partnerships enhance Wong's Kong King International's product offerings and market reach, strengthening its competitive position and driving sustainable revenue growth over the long term.

Value-Added Services

Offering value-added services like design and logistics enhances customer loyalty and differentiates Wong's Kong King International from competitors, supporting long-term revenue streams and market positioning.

Negative Factors

Declining Revenue

A consistent decline in revenue indicates challenges in maintaining market share and competitiveness, potentially impacting long-term growth and profitability if not addressed.

Increased Leverage

Higher leverage can strain financial flexibility and increase risk, potentially affecting Wong's Kong King International's ability to invest in growth opportunities and weather economic downturns.

Negative Cash Flow

Negative cash flow highlights liquidity risks and limits Wong's Kong King International's ability to fund operations and strategic initiatives, posing a threat to long-term financial health.

Wong's Kong King International (Holdings) Limited Business Overview & Revenue Model

Company Description

Wong's Kong King International (Holdings) Limited is a Hong Kong-based investment holding company primarily engaged in the manufacturing and distribution of electronic products and components. The company operates in the sectors of electronics and technology, providing a wide range of products including electronic toys, consumer electronics, and other related goods. With a focus on innovation and quality, Wong's Kong King aims to meet the diverse needs of its global customer base.

How the Company Makes Money

Wong's Kong King International generates revenue through multiple streams, primarily from the manufacturing and sale of electronic products. The company capitalizes on its production capabilities by supplying high-quality electronic toys and components to various international markets. Key revenue streams include direct sales to wholesalers and retailers, as well as contracts with larger corporations for bulk orders. Additionally, strategic partnerships with suppliers and distributors enhance its market reach and operational efficiency, contributing significantly to its earnings. The company also benefits from economies of scale in production, which helps to maintain competitive pricing and profitability.

Wong's Kong King International (Holdings) Limited Financial Statement Overview

Summary

Wong's Kong King International is facing financial headwinds, characterized by declining revenues and profitability. The company's balance sheet remains relatively stable, but increased leverage and negative earnings raise red flags. Cash flow difficulties further stress the financial position, suggesting the need for strategic realignment to improve financial health.

Income Statement

The company's revenue has been on a declining trend over recent years, with a significant drop from 2020 to 2024. The gross profit margin has decreased, indicating a squeeze in profitability. Net income has turned negative, leading to weak net profit margins. However, EBITDA margin shows some resilience, albeit still negative, suggesting challenges in operational efficiency.

Balance Sheet

The balance sheet reflects a stable equity base, but the debt-to-equity ratio has increased, presenting potential leverage concerns. Return on equity has turned unfavorable due to negative net income. The equity ratio remains stable, indicating a balanced asset financing structure.

Cash Flow

The cash flow position is concerning, with operating cash flow turning negative in recent periods. Free cash flow shows volatility and lacks consistency, impacting financial flexibility. The lack of positive cash flow metrics highlights potential liquidity risks.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.59B	3.45B	3.65B	4.61B	5.41B	4.72B
Gross Profit	815.71M	761.36M	177.81M	1.07B	1.09B	999.50M
EBITDA	5.17M	-74.48M	44.06M	222.76M	206.42M	221.59M
Net Income	-117.11M	-190.16M	-132.78M	71.76M	72.01M	101.19M
Balance Sheet
Total Assets	3.14B	2.91B	3.15B	3.72B	3.75B	3.29B
Cash, Cash Equivalents and Short-Term Investments	682.81M	572.52M	561.76M	748.13M	713.93M	637.75M
Total Debt	746.77M	639.01M	664.42M	923.39M	613.45M	406.20M
Total Liabilities	1.67B	1.42B	1.48B	1.86B	1.89B	1.49B
Stockholders Equity	1.39B	1.40B	1.58B	1.75B	1.76B	1.71B
Cash Flow
Free Cash Flow	108.48M	101.02M	217.03M	-171.40M	-21.99M	432.94M
Operating Cash Flow	137.21M	135.11M	245.24M	-149.66M	22.86M	485.16M
Investing Cash Flow	-7.44M	-13.01M	-3.60M	-48.07M	-26.16M	-30.89M
Financing Cash Flow	-300.79M	-120.08M	-410.30M	241.50M	91.45M	-316.18M

Wong's Kong King International (Holdings) Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.31
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0532, the sentiment is Positive. The current price of 0.31 is below the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.30, and above the 200-day MA of 0.27, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.75 is Neutral, neither overbought nor oversold. The STOCH value of 12.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0532.

Wong's Kong King International (Holdings) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1480	77 Outperform	HK$290.40M	6.96	5.64%	4.80%	-16.27%	-36.15%
0833	72 Outperform	HK$321.68M	4.74	9.83%	9.09%	0.64%	-26.43%
1305	67 Neutral	HK$169.19M	3.30	5.63%	―	1.72%	41.27%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
0894	54 Neutral	HK$369.08M	38.69	0.63%	0.62%	5.72%	-57.39%
0532	48 Neutral	HK$208.02M	-1.78	-8.12%	―	6.32%	28.39%

Wong's Kong King International (Holdings) Limited Corporate Events

Wong’s Kong King Reports Robust Profit Growth for Taiwan Subsidiary

Wong’s Kong King International (Holdings) Limited announced a significant financial performance for its subsidiary, Taiwan Kong King Company Limited (TKK), for the nine months ending September 30, 2025. The unaudited consolidated profit after tax for TKK Group surged by approximately 99.3% compared to the same period in 2024, reaching NT$150,820,000 (HK$37,825,656). This substantial growth in profit highlights TKK’s strong market positioning and operational efficiency, potentially enhancing stakeholder confidence and reinforcing its competitive stance in the electronics market.

The most recent analyst rating on (HK:0532) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Wong’s Kong King International (Holdings) Limited stock, see the HK:0532 Stock Forecast page.

Wong’s Kong King Reports Mixed Revenue Results for October 2025

Wong’s Kong King International (Holdings) Limited, through its subsidiary Taiwan Kong King Company Limited, reported a decrease in net sales revenue for October 2025 compared to the same month last year, with a drop of 7.81%. However, the cumulative revenue for the year showed a significant increase of 78.53% due to a rise in machinery and equipment sales, indicating a strong year-over-year growth and positive market response.

The most recent analyst rating on (HK:0532) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Wong’s Kong King International (Holdings) Limited stock, see the HK:0532 Stock Forecast page.

Wong’s Kong King International Announces Change in Company Secretary

Wong’s Kong King International (Holdings) Limited has announced a change in its company secretary position. Ms. Siu On Chin Angie has resigned, and Ms. Chow Man Ngan has been appointed as the new company secretary, effective from October 13, 2025. The company expressed gratitude to Ms. Siu for her contributions and welcomed Ms. Chow, who is a fellow member of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the UK.

The most recent analyst rating on (HK:0532) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Wong’s Kong King International (Holdings) Limited stock, see the HK:0532 Stock Forecast page.

Wong’s Kong King Subsidiary Reports Mixed Revenue Results for September 2025

Taiwan Kong King Company Limited, a subsidiary of Wong’s Kong King International, reported a significant decrease of 46.06% in net sales revenue for September 2025 compared to the previous year. However, the cumulative revenue for the year increased by 87.79%, attributed to a rise in machinery and equipment sales, indicating a strategic shift or growth in this sector.

The most recent analyst rating on (HK:0532) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Wong’s Kong King International (Holdings) Limited stock, see the HK:0532 Stock Forecast page.

Wong’s Kong King Reports Strong Revenue Growth in August 2025

Wong’s Kong King International (Holdings) Limited announced a significant increase in sales revenue for August 2025, attributed mainly to a rise in machinery and equipment sales. Despite a 14.96% decrease in net sales revenue compared to the same month last year, the accumulated revenue for the current year showed a substantial 134.16% increase, highlighting strong market performance and potential positive implications for stakeholders.

The most recent analyst rating on (HK:0532) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Wong’s Kong King International (Holdings) Limited stock, see the HK:0532 Stock Forecast page.

Wong’s Kong King Reports Improved Interim Results Amid Revenue Growth

Wong’s Kong King International (Holdings) Limited reported its unaudited interim results for the first half of 2025, showing a revenue increase to HK$1,817,904,000 from HK$1,673,274,000 in the same period of 2024. Despite the revenue growth, the company recorded a net loss of HK$3,411,000, a significant improvement from the HK$81,635,000 loss in the previous year, indicating a positive shift in operational performance.

The most recent analyst rating on (HK:0532) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Wong’s Kong King International (Holdings) Limited stock, see the HK:0532 Stock Forecast page.

Wong’s Kong King International Announces Upcoming Board Meeting for Interim Results

Wong’s Kong King International (Holdings) Limited has announced that its board of directors will hold a meeting on August 29, 2025, to approve the interim results for the first half of the year ending June 30, 2025, and to consider the payment of an interim dividend. This meeting is significant as it will determine the company’s financial performance and potential shareholder returns, impacting stakeholders’ expectations and the company’s market positioning.