GL-Carlink Technology Holding Limited (HK:2531)
:2531
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GL-Carlink Technology Holding Limited
(2531)
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Rating:46Neutral
Price Target:
HK$5.50
▼(-41.61% Downside)
Action:ReiteratedDate:04/25/26
The score is held down primarily by the 2025 financial reset (sharp margin compression, higher leverage, and a large free-cash-flow drop) and a very expensive valuation (P/E ~381). Technicals are also weak with a downtrend across moving averages and negative MACD, despite oversold signals (RSI/Stoch) that only modestly support the score.
Positive Factors
Multi-year Revenue Growth
Consistent multi-year revenue growth (roughly doubling 2021–2024) indicates durable end-market demand and successful commercial execution. A growing top line provides scale benefits, supports operating leverage over time, and gives management scope to invest in product development and distribution to stabilize margins.
Negative Factors
Profitability Reset in 2025
The sharp compression of operating and net margins in 2025 (EBIT nearly flat at ~0.4%) suggests material cost increases or one-offs undermining core profitability. Sustained low operating margins reduce reinvestment capacity, weaken returns, and increase sensitivity to revenue swings, raising medium-term earnings risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue Growth
Consistent multi-year revenue growth (roughly doubling 2021–2024) indicates durable end-market demand and successful commercial execution. A growing top line provides scale benefits, supports operating leverage over time, and gives management scope to invest in product development and distribution to stabilize margins.
Read all positive factors
GL-Carlink Technology Holding Limited (2531) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.95B
Dividend YieldN/A
Average Volume (3M)363.24K
Price to Earnings (P/E)119.3
Beta (1Y)1.20
Revenue Growth2.54%
EPS Growth-84.68%
CountryHK
Employees247
SectorTechnology
Sector Strength88
IndustryAuto - Parts
Share Statistics
EPS (TTM)<0.01
Shares Outstanding366,600,000
10 Day Avg. Volume92,176
30 Day Avg. Volume363,242
Financial Highlights & Ratios
PEG Ratio-2.07
Price to Book (P/B)3.57
Price to Sales (P/S)3.45
P/FCF Ratio97.63
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
GL-Carlink Technology Holding Limited Business Overview & Revenue Model
Company Description
GL-Carlink Technology Holding Limited engages in the wholesale and retail sale of in-vehicle hardware products to the automotive aftermarket industry in the People's Republic of China. It offers in-vehicle infotainment systems, such as smart car G...
GL-Carlink Technology Holding Limited Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
57
Neutral
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 698.52M | 700.42M | 560.57M | 413.86M | 326.77M |
| Gross Profit | 500.34M | 437.36M | 251.78M | 173.19M | 94.68M |
| EBITDA | 18.91M | 46.81M | 75.11M | 65.51M | 49.22M |
| Net Income | 20.20M | 44.44M | 51.13M | 44.15M | 31.83M |
Balance Sheet | |||||
| Total Assets | 1.08B | 907.75M | 565.85M | 561.98M | 518.52M |
| Cash, Cash Equivalents and Short-Term Investments | 512.69M | 456.25M | 315.55M | 297.27M | 177.90M |
| Total Debt | 269.95M | 46.08M | 46.17M | 39.93M | 40.70M |
| Total Liabilities | 392.28M | 248.53M | 200.54M | 250.56M | 241.60M |
| Stockholders Equity | 675.34M | 659.40M | 365.41M | 306.73M | 273.17M |
Cash Flow | |||||
| Free Cash Flow | 24.69M | 40.77M | 10.13M | 15.06M | 46.11M |
| Operating Cash Flow | 27.29M | 45.25M | 26.12M | 30.28M | 57.59M |
| Investing Cash Flow | -171.41M | -37.76M | -11.80M | 80.99M | -36.73M |
| Financing Cash Flow | 46.77M | 245.55M | 4.68M | -18.20M | 6.28M |
GL-Carlink Technology Holding Limited Technical Analysis
Negative
9.42
Price Trends
6.28
Negative
7.93
Negative
10.73
Negative
Market Momentum
-0.13
Positive
42.54
Neutral
36.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2531, the sentiment is Negative. The current price of 9.42 is above the 20-day moving average (MA) of 6.14, above the 50-day MA of 6.28, and below the 200-day MA of 10.73, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 42.54 is Neutral, neither overbought nor oversold. The STOCH value of 36.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2531.
GL-Carlink Technology Holding Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$4.33B | 6.69 | 11.16% | 13.26% | -1.68% | -5.98% | |
74 Outperform | HK$5.11B | 1.95 | 15.47% | 8.39% | 7.65% | -16.88% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | HK$1.99B | 34.32 | 2.32% | 3.20% | -9.47% | -72.44% | |
53 Neutral | HK$396.30M | 11.29 | 2.55% | 1.22% | 39.20% | -14.40% | |
46 Neutral | HK$1.95B | 119.30 | 3.06% | ― | 2.54% | -84.68% | |
42 Neutral | HK$770.00M | -80.45 | -2.07% | ― | 47.57% | -345.45% |
* Technology Sector Average
HK:2531
GL-Carlink Technology Holding Limited
5.31
-8.01
-60.14%
HK:1571
Xin Point Holdings Limited
4.31
1.47
51.76%
HK:1760
Intron Technology Holdings Ltd.
1.83
0.56
44.09%
HK:1809
Prinx Chengshan Holdings Limited
8.00
0.67
9.14%
HK:6162
China Tianrui Automotive Interiors Co., Ltd.
0.39
0.27
220.83%
HK:6830
Huazhong In-Vehicle Holdings Company Limited
0.22
>-0.01
-3.45%
GL-Carlink Technology Holding Limited Corporate Events
GL-Carlink’s 2025 Profit Halves Despite Revenue and Gross Margin Growth
Mar 31, 2026
GL-Carlink Technology Holding reported a modest 2.4% rise in revenue to RMB717.1 million for 2025, while gross profit jumped 17.4% to RMB513.6 million, reflecting improved cost of sales and operational efficiency. However, profit for the year halv...
GL-Carlink Sets Board Meeting to Approve 2025 Results and Consider Dividend
Mar 19, 2026
GL-Carlink Technology Holding Limited has scheduled a board meeting for 31 March 2026 to review and approve the group’s annual results for the financial year ended 31 December 2025 and to authorize their publication. The board will also cons...
GL-Carlink warns of 45%–55% profit slump on expansion and FX costs
Mar 19, 2026
GL-Carlink Technology Holding has issued a profit warning, advising shareholders and potential investors that its unaudited net profit for the year ended 31 December 2025 is expected to fall to between RMB20 million and RMB24 million, down from RM...
GL-Carlink Technology Sets Out Board and Committee Structure
Jan 30, 2026
GL-Carlink Technology Holding Limited has announced the composition of its board of directors, comprising four executive directors and three independent non-executive directors, reflecting a standard governance structure for a Hong Kong–list...
GL-Carlink Technology Announces Resignation of Non-Executive Director Peng Chao
Jan 30, 2026
GL-Carlink Technology Holding Limited has announced the resignation of Ms. Peng Chao as a non-executive director, effective 30 January 2026, citing other work commitments. The company stated that Ms. Peng has no disagreement with the board and tha...
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.