New Concepts Holdings Ltd (HK:2221)
:2221
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New Concepts Holdings Ltd
(2221)
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Rating:43Neutral
Price Target:
HK$0.91
▼(-12.79% Downside)
Action:ReiteratedDate:03/24/26
The score is held back mainly by weak and volatile profitability (return to losses, falling margins, negative ROE) despite improved cash generation and a less-stressed balance sheet. Technicals are mixed with a weak short-term trend, and valuation support is limited because the company is loss-making and no dividend yield is provided.
Positive Factors
Revenue Growth
A ~36% revenue rebound in FY2025 indicates the company can win and execute larger or more projects, supporting sustained top-line capacity. Durable contract-driven revenue from construction projects improves backlog visibility and underpins medium-term revenue recovery potential.
Negative Factors
Weak Profitability
Material margin compression and a sizable net loss signal that project economics are currently unfavorable. Persistently low gross margins erode the firm's ability to cover fixed costs and reduce resilience to cost inflation, making earnings recovery uncertain absent structural margin improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A ~36% revenue rebound in FY2025 indicates the company can win and execute larger or more projects, supporting sustained top-line capacity. Durable contract-driven revenue from construction projects improves backlog visibility and underpins medium-term revenue recovery potential.
Read all positive factors
New Concepts Holdings Ltd (2221) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$215.55M
Dividend YieldN/A
Average Volume (3M)597.88K
Price to Earnings (P/E)―
Beta (1Y)0.80
Revenue Growth38.15%
EPS Growth-1533.02%
CountryHK
Employees398
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.11
Shares Outstanding229,303,200
10 Day Avg. Volume315,760
30 Day Avg. Volume597,880
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.19
Price to Sales (P/S)0.07
P/FCF Ratio3.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
New Concepts Holdings Ltd Business Overview & Revenue Model
Company Description
New Concepts Holdings Limited, an investment holding company, operates in the construction industry in Hong Kong and Mainland China. It operates through Construction Works and Environmental Protection segments. The company's foundation works inclu...
New Concepts Holdings Ltd Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
52
Neutral
| Breakdown | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 929.24M | 628.24M | 545.19M | 654.85M | 591.52M |
| Gross Profit | 58.99M | 61.09M | 53.56M | 82.80M | 23.66M |
| EBITDA | -48.97M | 73.86M | 23.18M | 78.98M | 8.02M |
| Net Income | -80.71M | 2.86M | -20.80M | 5.50M | -55.00M |
Balance Sheet | |||||
| Total Assets | 1.21B | 1.10B | 1.03B | 812.60M | 1.08B |
| Cash, Cash Equivalents and Short-Term Investments | 115.17M | 37.32M | 134.54M | 117.46M | 66.69M |
| Total Debt | 254.30M | 204.50M | 218.87M | 80.75M | 150.95M |
| Total Liabilities | 833.93M | 637.59M | 626.99M | 573.16M | 947.70M |
| Stockholders Equity | 319.77M | 399.25M | 359.38M | 191.04M | 100.48M |
Cash Flow | |||||
| Free Cash Flow | 20.16M | -53.94M | -252.41M | 86.19M | 12.63M |
| Operating Cash Flow | 36.14M | -33.75M | -14.14M | 102.70M | 23.24M |
| Investing Cash Flow | -60.86M | -49.57M | -263.89M | -9.04M | 12.91M |
| Financing Cash Flow | 102.69M | 5.03M | 307.58M | -43.76M | 483.00K |
New Concepts Holdings Ltd Technical Analysis
Neutral
1.04
Price Trends
0.97
Negative
0.98
Negative
0.93
Positive
Market Momentum
>-0.01
Negative
47.45
Neutral
64.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2221, the sentiment is Neutral. The current price of 1.04 is above the 20-day moving average (MA) of 0.96, above the 50-day MA of 0.97, and above the 200-day MA of 0.93, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.45 is Neutral, neither overbought nor oversold. The STOCH value of 64.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2221.
New Concepts Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | HK$224.00M | 6.09 | 3.15% | 5.63% | -9.62% | -2.68% | |
53 Neutral | HK$140.56M | 2.34 | -7.26% | ― | -1.91% | 18.30% | |
47 Neutral | HK$70.56M | -5.35 | -9.80% | ― | 3.97% | 14.02% | |
43 Neutral | HK$215.55M | -2.28 | -25.76% | ― | 38.15% | -1533.02% | |
43 Neutral | HK$458.75M | -14.18 | -45.47% | ― | 13.64% | 78.91% |
* Industrials Sector Average
HK:2221
New Concepts Holdings Ltd
0.95
0.58
156.76%
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AB Builders Group Limited
0.38
0.13
52.00%
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Geotech Holdings Ltd.
0.04
-0.06
-58.82%
HK:1793
Wecon Holdings Ltd.
0.27
0.11
73.08%
HK:1920
Hands Form Holdings Limited
0.91
0.40
78.43%
HK:2193
Man King Holdings Limited
0.34
0.15
77.25%
New Concepts Holdings Ltd Corporate Events
New Concepts Holdings Sets Up Investment Committee to Strengthen Oversight of External Investments
Apr 20, 2026
New Concepts Holdings Limited has formed an Investment Committee to oversee and regulate the group’s external investment activities, following a board resolution passed on 20 April 2026. The committee is intended to support the company’...
New Concepts Holdings Updates Board and Committee Roles
Apr 20, 2026
New Concepts Holdings Limited has announced an updated list of its directors and clarified their respective roles on the board committees. The board consists of chairman and executive director Zhu Yongjun, fellow executive director Pan Yimin, and ...
New Concepts Deepens Push Into Biomass Recycling With PRC Food Waste Project
Mar 25, 2026
New Concepts Holdings Limited is moving further into the environmental technology and waste-management segment, leveraging its wholly owned subsidiary Nanjing Yisheng Environmental Technology to operate an urban biomass biorefining and carbon sequ...
New Concepts Holdings Raises HK$34.1 Million Through Share Subscription to Reduce Debt and Bolster Working Capital
Feb 6, 2026
New Concepts Holdings Limited has completed a share subscription under its general mandate, issuing 34,240,000 new shares at HK$1.0 each, representing about 14.93% of its enlarged share capital. The transaction raised gross proceeds of HK$34.24 mi...
New Concepts Holdings Extends Deadline for Completion of Share Subscriptions
Jan 30, 2026
New Concepts Holdings Limited has announced a procedural update to its previously disclosed share subscription arrangements. The company and the subscribing investors have agreed to extend the deadline for satisfying the conditions attached to the...
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.