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

• Market Cap: HK$215.32M
• Dividend Yield: N/A
• Average Volume (3M): 191.60K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.13
• Revenue Growth: -5.65%
• EPS Growth: -43.21%
• Country: HK
• Employees: 3,880
• Sector: Technology
• Sector Strength: 94
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.26
• Shares Outstanding: 729,897,950
• 10 Day Avg. Volume: 276,000
• 30 Day Avg. Volume: 191,600
• PEG Ratio: 0.07
• Price to Book (P/B): 0.15
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.31
• 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: N/A
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: HK$0.50 ▲(72.41%Upside)

The stock score is predominantly influenced by financial performance challenges, including declining revenues and negative profitability. Despite positive technical indicators suggesting short-term momentum, the valuation metrics remain unattractive due to a negative P/E ratio.

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

Company Description

Wong's Kong King International (Holdings) Limited, an investment holding company, trades in and distributes chemicals, materials, and equipment for use in the manufacture of printed circuit boards and electronic products. It operates in two segments, Trading and Manufacturing. The company is involved in trading and distributing plastic and industrial products, semiconductor equipment, electronics components, printed circuit boards, and other related products; trading, distributing, and installing turnkey production facilities; and provision of designing, producing, testing, distributing, and return/repairing services for electronics components. It also manufactures and sells electrical and electronic products for original equipment manufacturers, as well as produces film and plastic products. In addition, the company provides marketing, engineering, travel ticketing, and maintenance and after-sales services. It operates in North America, Europe, Hong Kong, Mainland China, Taiwan, and internationally. Wong's Kong King International (Holdings) Limited was founded in 1975 and is headquartered in Kowloon Bay, Hong Kong.

How the Company Makes Money

Wong's Kong King International (Holdings) Limited generates revenue through its EMS operations, offering end-to-end solutions from product design to manufacturing and distribution. The company makes money by serving as a contract manufacturer for original equipment manufacturers (OEMs), leveraging its expertise and infrastructure to provide cost-effective and efficient production capabilities. Key revenue streams include service contracts, design and engineering fees, and the production and sale of electronic components and finished products. Partnerships with leading technology firms and a diverse clientele contribute significantly to its earnings, as does its strategic presence in major manufacturing hubs.

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

Summary

The company is facing financial challenges with declining revenues and profitability, negative net income, and concerning cash flow issues. The balance sheet shows increased leverage, raising potential risks.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.45B	3.65B	4.61B	5.41B	4.72B
Gross Profit	761.36M	177.81M	1.07B	1.09B	999.50M
EBITDA	-74.48M	44.06M	222.76M	206.42M	221.59M
Net Income	-190.16M	-132.78M	112.72M	96.78M	101.19M
Balance Sheet
Total Assets	2.91B	3.15B	3.72B	3.75B	3.29B
Cash, Cash Equivalents and Short-Term Investments	572.52M	561.76M	748.13M	713.93M	637.75M
Total Debt	639.01M	664.42M	923.39M	613.45M	406.20M
Total Liabilities	1.42B	1.48B	1.86B	1.89B	1.49B
Stockholders Equity	1.40B	1.58B	1.75B	1.76B	1.71B
Cash Flow
Free Cash Flow	101.02M	217.03M	-171.40M	-21.99M	432.94M
Operating Cash Flow	135.11M	245.24M	-149.66M	22.86M	485.16M
Investing Cash Flow	-13.01M	-3.60M	-48.07M	-26.16M	-30.89M
Financing Cash Flow	-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: 0.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

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 0.29 is above the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.24, and above the 200-day MA of 0.29, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 70.73 is Negative, neither overbought nor oversold. The STOCH value of 79.78 is Neutral, 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
1305	74 Outperform	HK$171.39M	3.67	5.30%	―	19.46%	28.18%
Sector *	68 Neutral	¥228.96B	14.53	7.50%	2.69%	9.28%	6.70%
1480	65 Neutral	HK$254.40M	4.22	8.23%	5.66%	-7.93%	-19.66%
0833	62 Neutral	HK$222.34M	3.52	9.58%	12.77%	-20.82%	-41.80%
0532	54 Neutral	HK$215.32M	―	-12.76%	―	-5.65%	-43.21%
VS8	―		―		―	―	―
0894	51 Neutral	HK$194.97M	25.00	0.52%	1.20%	9.56%	90.70%

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

Wong’s Kong King Reports Significant Revenue Growth in June 2025

Wong’s Kong King International (Holdings) Limited announced a significant increase in sales revenue for June 2025, with an 80.33% rise compared to the same month last year and a 156.29% increase in accumulated revenue for the year. This growth is attributed to increased sales of machinery and equipment, highlighting the company’s strong market performance and potential positive impact on its stakeholders.

Wong’s Kong King International Announces Board and Committee Roles

Wong’s Kong King International (Holdings) Limited has announced the composition of its Board of Directors and the roles they occupy, including executive and independent non-executive directors. The announcement also details the membership of the company’s three Board committees: Audit, Remuneration, and Nomination, highlighting the leadership roles within each committee. This update is crucial for stakeholders as it outlines the governance structure and leadership framework, which can impact the company’s strategic direction and operational oversight.

Wong’s Kong King International Updates Nomination Committee Terms

Wong’s Kong King International (Holdings) Limited has revised the terms of reference for its Nomination Committee, effective from June 30, 2025. The committee will consist of at least three members, primarily independent non-executive directors, and will meet at least once a year to oversee nominations and related governance matters, potentially impacting the company’s leadership structure and stakeholder engagement.

Wong’s Kong King International Enhances Nomination Committee

Wong’s Kong King International (Holdings) Limited has announced changes to its Nomination Committee, appointing Ms. Wong Ava and Mr. Lam Yiu Wing Andrew as new members. This strategic move is expected to enhance the governance structure of the company, potentially impacting its decision-making processes and stakeholder relations positively.

Wong’s Kong King International Successfully Passes All AGM Resolutions

Wong’s Kong King International (Holdings) Limited announced that all proposed resolutions at their Annual General Meeting held on June 26, 2025, were passed by shareholders. The resolutions included the re-election of directors, authorization for the board to fix remuneration, reappointment of auditors, and granting of mandates to issue and purchase shares. The successful passing of these resolutions reflects shareholder confidence in the company’s governance and strategic direction, potentially impacting its operational capabilities and market positioning positively.

Wong’s Kong King International Reports Significant Revenue Growth in May 2025

Taiwan Kong King Company Limited, a subsidiary of Wong’s Kong King International, reported a significant increase in sales revenue for May 2025. The company’s net sales revenue for the month rose by 109.89% compared to the same month last year, primarily driven by increased sales of machinery and equipment. The accumulated revenue for the current year up to May also saw a substantial increase of 167.14% compared to the previous year, indicating strong growth and positive market performance.

Wong’s Kong King Subsidiary Reports 171.71% Profit Surge in Q1 2025

Wong’s Kong King International (Holdings) Limited announced a significant financial achievement for its subsidiary, Taiwan Kong King Company Limited (TKK), for the first quarter of 2025. TKK reported an unaudited combined profit after tax of NT$62,525,000, marking a 171.71% increase compared to the same period in 2024. This substantial growth in profit underscores the company’s strong market positioning and operational efficiency, potentially enhancing shareholder value and investor confidence.

Wong’s Kong King Reports Significant Revenue Growth in April 2025

Wong’s Kong King International (Holdings) Limited announced a significant increase in sales revenue for its subsidiary, Taiwan Kong King Company Limited, in April 2025. The net sales revenue for the month was NT$262,552 thousand, marking a 216.18% increase compared to the same month last year. This substantial growth is attributed to increased sales of machinery and equipment, reflecting positively on the company’s operational performance and market positioning.

Wong’s Kong King Announces 2025 AGM with Key Resolutions

Wong’s Kong King International (Holdings) Limited has announced its upcoming Annual General Meeting (AGM) scheduled for June 26, 2025, in Hong Kong. The meeting will cover several key agenda items including the consideration of the audited financial statements for the year ending December 31, 2024, the re-election of directors, and the re-appointment of auditors. Additionally, a special resolution will be discussed to authorize the directors to issue additional shares, subject to specific conditions, which could impact the company’s capital structure and shareholder value.

Wong’s Kong King International Adjusts Book Closure Dates for AGM

Wong’s Kong King International (Holdings) Limited has announced a change in the book closure period for determining shareholders eligible to attend and vote at the upcoming annual general meeting. The new book closure dates are set from June 23 to June 26, 2025, replacing the previously announced dates. This adjustment ensures shareholders have the correct information for participating in the meeting, while all other details from the previous announcement remain unchanged.