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Capital VC Limited
(2324)
Capital VC Limited (2324) vs. iShares MSCI Hong Kong ETF (EWH)
Capital VC Limited Business Overview & Revenue Model
Capital VC Limited Financial Statement Overview
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 146.56M | 20.32M | -31.80M | -26.43M | 83.28M |
| Gross Profit | 146.21M | 20.32M | -97.57M | -26.43M | 83.28M |
| EBITDA | 131.87M | -13.76M | -143.24M | -65.60M | 64.39M |
| Net Income | 131.09M | -19.92M | -149.06M | -88.13M | 62.72M |
Balance Sheet | |||||
| Total Assets | 474.94M | 352.97M | 378.59M | 511.70M | 554.32M |
| Cash, Cash Equivalents and Short-Term Investments | 150.52M | 199.33M | 218.12M | 309.91M | 322.15M |
| Total Debt | 35.08M | 43.18M | 55.10M | 21.89M | 23.90M |
| Total Liabilities | 36.34M | 45.47M | 58.74M | 42.79M | 28.10M |
| Stockholders Equity | 438.60M | 307.51M | 319.85M | 468.91M | 526.21M |
Cash Flow | |||||
| Free Cash Flow | 22.18M | -10.68M | -26.23M | -34.86M | -20.23M |
| Operating Cash Flow | 22.18M | -10.68M | -26.23M | -34.17M | -19.99M |
| Investing Cash Flow | 2.58M | 13.86M | 24.48M | -7.09M | 11.63M |
| Financing Cash Flow | -11.68M | -11.10M | 11.23M | 39.96M | 3.44M |
Capital VC Limited Technical Analysis
Capital VC Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$126.94M | 0.50 | 35.48% | ― | 2126.94% | 36.49% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
59 Neutral | HK$104.93M | 0.41 | 47.16% | ― | 34.66% | ― | |
49 Neutral | HK$213.19M | -4.73 | -24.34% | ― | 50.60% | -12.96% | |
46 Neutral | HK$43.84M | 5.81 | 0.28% | ― | ― | ― | |
45 Neutral | HK$170.39M | -4.52 | -40.37% | ― | -30.21% | -305.00% | |
41 Neutral | HK$77.49M | 5.56 | -439.49% | ― | -81.40% | -435.00% |
Capital VC Limited Corporate Events
Capital VC Limited has disclosed its unaudited consolidated net asset value per share as approximately HK$0.9457 as of 28 February 2026. The disclosure gives investors an updated snapshot of the company’s underlying asset base, offering a reference point for assessing valuation, balance sheet strength and the performance of its investment portfolio in the current financial period.
The most recent analyst rating on (HK:2324) stock is a Buy with a HK$0.17 price target. To see the full list of analyst forecasts on Capital VC Limited stock, see the HK:2324 Stock Forecast page.
Capital VC Limited has completed a fully subscribed rights issue on the basis of one rights share for every existing share, raising gross proceeds of about HK$54 million, with estimated net proceeds of roughly HK$52.9 million. All 276,262,324 unsubscribed rights shares were successfully placed at HK$0.12 each without creating any new substantial shareholders, modestly diluting existing stakes while keeping the shareholder base broadly dispersed.
The company plans to allocate around HK$29 million to listed securities and HK$18 million to unlisted debt securities in its core target industries across Hong Kong, the PRC and the USA, with the remaining approximately HK$5.9 million earmarked for general working capital. This capital injection strengthens its balance sheet and provides fresh firepower to pursue its stated investment objectives through March 2027, potentially enhancing portfolio diversification and earnings capacity for shareholders.
The most recent analyst rating on (HK:2324) stock is a Buy with a HK$0.17 price target. To see the full list of analyst forecasts on Capital VC Limited stock, see the HK:2324 Stock Forecast page.
Capital VC Limited reported the take-up results of its rights issue, which offered one rights share for every existing share held on the record date. As of 10 February 2026, shareholders had validly applied for 173,865,925 rights shares, representing about 38.6% of the total offer, leaving 276,262,324 unsubscribed rights shares, or roughly 61.4%, to be handled under compensatory arrangements.
The company has mandated a placing agent on a best-effort basis to place the unsubscribed rights shares with independent investors between 23 February and 5 March 2026, with any net gain over the subscription price to be distributed pro rata to qualifying shareholders whose rights were not fully exercised, subject to a payment threshold of HK$100. Any rights shares that remain unplaced will not be issued, reducing the final size of the capital raise, and Capital VC plans to announce the final results of the rights issue and related placing, including the net gain per unsubscribed rights share, on 12 March 2026.
The most recent analyst rating on (HK:2324) stock is a Buy with a HK$0.18 price target. To see the full list of analyst forecasts on Capital VC Limited stock, see the HK:2324 Stock Forecast page.
Capital VC Limited has reported an unaudited consolidated net asset value per share of approximately HK$1.0157 as at 31 January 2026. The disclosure provides investors and stakeholders with an updated indication of the company’s per-share asset backing, offering a snapshot of its financial position that may inform valuation assessments and trading sentiment in the stock.
The most recent analyst rating on (HK:2324) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Capital VC Limited stock, see the HK:2324 Stock Forecast page.
Capital VC Limited has convened its annual general meeting for 30 March 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 30 September 2025, consider the re-election of retiring directors and the re-appointment of auditors, and approve related remuneration matters. The board is also seeking shareholder approval for mandates to repurchase up to 10% of the company’s issued shares and to issue, allot and deal with additional shares, including the sale or transfer of treasury shares, up to 20% of the issued share capital, a move that would give management added flexibility over capital management, potential fundraising and capital structure adjustments, with implications for shareholder dilution and share price support depending on how these powers are exercised.
The most recent analyst rating on (HK:2324) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Capital VC Limited stock, see the HK:2324 Stock Forecast page.
Capital VC Limited has informed its registered shareholders that its latest corporate communications, including the 2024/25 annual report, a circular on general mandates to repurchase and issue shares and the re-election of retiring directors, the notice of annual general meeting and the related proxy form, are now available on both the company’s and the Hong Kong Stock Exchange’s websites, with printed copies sent to those who have previously requested them. The company is encouraging shareholders to adopt electronic communication by providing a functional email address to the Hong Kong share registrar, while also outlining how investors can change their preferred method and language of receiving corporate documents or request printed copies free of charge up to 30 September 2026, a move that supports regulatory compliance, improves communication efficiency and advances a shift toward more sustainable, paperless investor relations.
The most recent analyst rating on (HK:2324) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Capital VC Limited stock, see the HK:2324 Stock Forecast page.
Capital VC Limited has announced that its Annual Report 2024/25 and a circular dated 29 January 2026, covering general mandates to repurchase and issue shares, the re-election of retiring directors and the notice of its upcoming annual general meeting, are now available online in both English and Chinese on the company’s and the Hong Kong Stock Exchange’s websites. The company is encouraging non-registered shareholders to support electronic communication by providing functional email addresses via their intermediaries, while also offering the option to request printed copies of current and future corporate communications free of charge until 30 September 2026, a move that reflects the ongoing shift toward digital disclosure and could streamline shareholder engagement and information access.
The most recent analyst rating on (HK:2324) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Capital VC Limited stock, see the HK:2324 Stock Forecast page.
Capital VC Limited has reported that its unaudited consolidated net asset value per share stood at approximately HK$0.9866 as of 31 December 2025. The disclosure provides shareholders and potential investors with an updated indication of the company’s underlying asset base and financial position, which can inform valuation assessments and investment decisions.
The most recent analyst rating on (HK:2324) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Capital VC Limited stock, see the HK:2324 Stock Forecast page.
Capital VC Limited has confirmed that its previously approved capital reorganisation, involving a capital reduction and share subdivision, has become effective following court approval in the Cayman Islands, with trading in the adjusted shares commencing on 13 January 2026. The company is offering shareholders a free exchange of existing share certificates for new ones over a limited period, after which a fee will apply, and has also entered into a supplemental placing agreement with Astrum Capital Management Limited to revise the timetable and termination provisions for placing any unsubscribed rights shares, providing greater flexibility in managing its forthcoming rights issue and capital-raising exercise.
The most recent analyst rating on (HK:2324) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Capital VC Limited stock, see the HK:2324 Stock Forecast page.
Capital VC Limited has announced a revised timetable for its proposed capital reorganisation and rights issue, following a court hearing in the Cayman Islands on 9 January 2026 and pending issuance and registration of the sealed order confirming the capital reduction. Subject to the conditions for implementing the capital reduction being met, the capital reorganisation will take effect on 13 January 2026, when dealings in the adjusted shares and free exchange of share certificates will begin, and the company will proceed with a rights issue on the basis of one rights share for every one adjusted share held on the record date, with key dates for cum-rights and ex-rights trading, register closure, record date, and despatch of prospectus documents set between 13 and 27 January 2026, affecting the timing and mechanics of shareholder participation and the company’s planned equity fundraising.
Capital VC Limited reported a strong turnaround for the year ended 30 September 2025, posting a profit attributable to equity holders of HK$131.1 million compared with a loss of HK$19.9 million a year earlier, driven mainly by a HK$125.3 million net gain on financial assets at fair value through profit or loss versus a substantial loss in the prior year. Investment income remained stable at around HK$20.7 million, administrative expenses were largely flat, finance costs declined, and the company recorded a net reversal of expected credit losses, contributing to improved profitability; as a result, basic earnings per share rose to HK$0.29 from a loss per share of HK$0.05, while net assets increased to HK$438.6 million and net asset value per share climbed to HK$0.97 from HK$0.73, underscoring a significantly stronger balance sheet and enhanced shareholder equity.
Capital VC Limited has issued a positive profit alert, indicating that it expects to report an unaudited consolidated net profit of approximately HK$115 million to HK$140 million for the year ended 30 September 2025, reversing an unaudited net loss of about HK$19.9 million in the previous financial year. The turnaround is mainly driven by a sharp improvement in the performance of the group’s listed equity investments, which swung from a loss of roughly HK$22.1 million last year to an estimated profit of about HK$125.3 million this year, potentially strengthening the company’s earnings profile and market perception, though investors are cautioned that the figures are preliminary and subject to audit adjustments.
Capital VC Limited has announced that its board of directors will meet on December 30, 2025, to review and approve the company’s audited financial results for the fiscal year ending September 30, 2025. The meeting will also consider the recommendation of a dividend and address other business matters. This announcement is significant as it may impact the company’s financial strategy and shareholder returns, potentially influencing its market position and investor confidence.