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Quali-Smart Holdings Ltd.
(1348)
Quali-Smart Holdings Ltd. (1348) vs. iShares MSCI Hong Kong ETF (EWH)
Quali-Smart Holdings Ltd. Business Overview & Revenue Model
Quali-Smart Holdings Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.46M | 71.93M | 177.26M | 341.80M | 448.65M | 485.79M |
| Gross Profit | 15.78M | 23.48M | 28.00M | 44.93M | 54.44M | 71.59M |
| EBITDA | -7.09M | -5.55M | -59.61M | -50.01M | -75.13M | -7.62M |
| Net Income | -18.43M | -17.87M | -73.94M | -72.32M | -94.37M | -35.63M |
Balance Sheet | ||||||
| Total Assets | 67.65M | 164.65M | 176.55M | 243.88M | 381.51M | 438.84M |
| Cash, Cash Equivalents and Short-Term Investments | 44.19M | 84.03M | 78.02M | 61.95M | 60.48M | 98.55M |
| Total Debt | 27.41M | 43.55M | 38.86M | 45.26M | 74.70M | 58.48M |
| Total Liabilities | 40.20M | 126.36M | 120.38M | 117.41M | 182.80M | 145.76M |
| Stockholders Equity | 27.45M | 38.24M | 56.11M | 126.39M | 198.71M | 293.08M |
Cash Flow | ||||||
| Free Cash Flow | 18.36M | 11.93M | 23.47M | 29.42M | -48.28M | 12.08M |
| Operating Cash Flow | 18.40M | 11.95M | 23.68M | 35.10M | -42.12M | 13.41M |
| Investing Cash Flow | -13.76M | -36.00M | -19.86M | 13.39M | 13.20M | -16.02M |
| Financing Cash Flow | -19.16M | -7.92M | -8.23M | -47.02M | 10.21M | -40.55M |
Quali-Smart Holdings Ltd. Technical Analysis
Quali-Smart Holdings Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | HK$64.00M | -7.36 | -32.53% | ― | -6.48% | -38.10% | |
50 Neutral | HK$317.61M | -1.40 | -37.46% | 4.17% | -13.08% | -21.27% | |
50 Neutral | HK$44.12M | -18.10 | -1.26% | ― | 0.47% | -195.45% | |
43 Neutral | HK$113.17M | -1.51 | -19.89% | ― | 84.26% | 44.41% | |
42 Neutral | HK$169.54M | -9.92 | -50.25% | ― | -61.76% | 75.15% | |
40 Neutral | HK$142.21M | -7.42 | -36.17% | ― | -13.96% | 64.58% |
Quali-Smart Holdings Ltd. Corporate Events
Yael Capital Management Limited and Quali-Smart Holdings Limited have jointly announced the despatch of a composite document detailing mandatory unconditional cash offers for all issued shares of Quali-Smart and for the cancellation of all outstanding options not already controlled by the offeror and its concert parties. The composite document, sent to independent shareholders and optionholders on 8 January 2026 and also available online, sets out the offer timetable, the recommendations of the independent board committee, and advice from the independent financial adviser, with the offers open for acceptance from 8 January until 4:00 p.m. on 29 January 2026, subject to possible revision or extension under the Takeovers Code.
The most recent analyst rating on (HK:1348) stock is a Hold with a HK$0.15 price target. To see the full list of analyst forecasts on Quali-Smart Holdings Ltd. stock, see the HK:1348 Stock Forecast page.
Yael Capital Management Limited has acquired approximately 60.2% of Quali-Smart Holdings Limited’s issued share capital, purchasing 887,418,000 shares from selling shareholders for HK$95.84 million at HK$0.108 per share, with completion occurring on 12 December 2025. Following the change of control, Yael Capital is required under the Hong Kong Takeovers Code to make mandatory unconditional cash offers for all remaining Quali-Smart shares it does not own and to cancel all outstanding share options, while no comparable offer will be made for the company’s convertible notes due to an existing irrevocable undertaking, marking a significant shift in ownership structure and triggering formal takeover procedures for minority shareholders.
The most recent analyst rating on (HK:1348) stock is a Hold with a HK$0.17 price target. To see the full list of analyst forecasts on Quali-Smart Holdings Ltd. stock, see the HK:1348 Stock Forecast page.
Quali-Smart Holdings Ltd., a company incorporated in the Cayman Islands with limited liability, has announced a trading halt on its shares on the Hong Kong Stock Exchange. This halt, effective from December 15, 2025, is pending the release of an announcement related to the Hong Kong Code on Takeovers and Mergers, which contains inside information. The announcement could have significant implications for the company’s operations and stakeholders.
The most recent analyst rating on (HK:1348) stock is a Hold with a HK$0.17 price target. To see the full list of analyst forecasts on Quali-Smart Holdings Ltd. stock, see the HK:1348 Stock Forecast page.
Quali-Smart Holdings Limited, a company listed on the Hong Kong Stock Exchange, is currently engaged in negotiations regarding a potential transaction involving the sale of shares. The company has announced an extension of the exclusive negotiation period with the potential purchaser, extending the deadline by 10 days to December 19, 2025. While the memorandum of understanding remains non-binding, the extension allows for further due diligence. Stakeholders are advised to exercise caution as there is no guarantee that the transaction will be finalized.
The most recent analyst rating on (HK:1348) stock is a Hold with a HK$0.17 price target. To see the full list of analyst forecasts on Quali-Smart Holdings Ltd. stock, see the HK:1348 Stock Forecast page.
Quali-Smart Holdings Ltd. has announced a potential transaction involving the sale of a majority stake in the company. The company’s chairman, along with other major shareholders, has entered into a memorandum of understanding with Yael Capital Management Limited, an independent third party, for the possible sale of approximately 51.70% of the company’s issued share capital. This transaction could significantly impact the company’s ownership structure and market positioning, depending on the outcome of further negotiations and due diligence.
The most recent analyst rating on (HK:1348) stock is a Hold with a HK$0.17 price target. To see the full list of analyst forecasts on Quali-Smart Holdings Ltd. stock, see the HK:1348 Stock Forecast page.
Quali-Smart Holdings Ltd. reported a significant decline in revenue for the six months ended September 30, 2025, with a 52.3% decrease compared to the previous year. The Toys Division saw a major drop in orders from key customers, while the Financial Services Division experienced reduced income from investment advisory and brokerage activities. The company recorded a net loss of approximately HK$10.9 million, with notable decreases in revenue and gross profit from both divisions. Despite cost-cutting measures, including reduced administrative and finance costs, the Board decided not to distribute an interim dividend.
The most recent analyst rating on (HK:1348) stock is a Hold with a HK$0.14 price target. To see the full list of analyst forecasts on Quali-Smart Holdings Ltd. stock, see the HK:1348 Stock Forecast page.
Quali-Smart Holdings Ltd. has announced a board meeting scheduled for November 27, 2025, to approve the unaudited interim results for the six months ending September 30, 2025, and to consider the payment of an interim dividend. This meeting is significant for stakeholders as it will provide insights into the company’s financial performance and potential dividend distribution, impacting investor sentiment and market positioning.