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:Reiterated
Date: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
Revenue rebounded ~36% in FY2025, showing the company can win and execute contracts. Durable contract-driven top-line growth increases scale and backlog visibility, helping spread fixed costs across projects and supporting potential operating leverage if margins stabilize.
Negative Factors
Weak Profitability
Gross margin compressed to ~6.3% and the company reported a sizable net loss (net margin ~-8.7%) in FY2025. Persistent weak margins and losses point to structurally challenged project economics, limiting the firm's ability to reinvest, service stakeholders, and build retained earnings without improving pricing or cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue rebounded ~36% in FY2025, showing the company can win and execute contracts. Durable contract-driven top-line growth increases scale and backlog visibility, helping spread fixed costs across projects and supporting potential operating leverage if margins stabilize.
Read all positive factors
New Concepts Holdings Ltd (2221) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$171.98M
Dividend YieldN/A
Average Volume (3M)597.88K
Price to Earnings (P/E)―
Beta (1Y)0.81
Revenue Growth38.15%
EPS Growth-1533.02%
CountryHK
Employees398
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.50
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 functions as an investment holding enterprise with core operations in the construction industry across both Hong Kong and Mainland China. The company's business is divided into two primary divisions: Construction Work...
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
Negative
1.04
Price Trends
0.87
Negative
0.93
Negative
0.95
Negative
Market Momentum
-0.04
Negative
40.84
Neutral
67.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2221, the sentiment is Negative. The current price of 1.04 is above the 20-day moving average (MA) of 0.79, above the 50-day MA of 0.87, and above the 200-day MA of 0.95, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 40.84 is Neutral, neither overbought nor oversold. The STOCH value of 67.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$1.08B | 4.47 | 13.68% | 9.09% | 26.57% | -2.39% | |
67 Neutral | HK$118.64M | 48.82 | 4.27% | 25.00% | 126.51% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$1.42B | -5,978.10 | -0.11% | ― | -2.02% | -101.97% | |
56 Neutral | HK$798.98M | 71.49 | 3.56% | ― | 14.96% | 512.50% | |
46 Neutral | HK$280.35M | -3.33 | -6.00% | 7.35% | 24.69% | -257.79% | |
43 Neutral | HK$171.98M | -1.47 | -25.76% | ― | 38.15% | -1533.02% |
* Industrials Sector Average
HK:2221
New Concepts Holdings Ltd
0.75
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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...
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.