GL-Carlink Technology Holding Limited (HK:2531)
:2531
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GL-Carlink Technology Holding Limited
(2531)
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Rating:59Neutral
Price Target:
HK$6.00
▼(-36.31% Downside)
Action:ReiteratedDate:12/31/25
The score is supported primarily by strong revenue growth and a robust, low-leverage balance sheet, but is held back by the lack of reported cash flow generation in 2024. Bearish technicals and a high P/E further pressure the overall rating.
Positive Factors
Revenue Growth
Sustained 24.9% YoY revenue growth reflects durable demand or expanding market share in auto parts. Over 2-6 months this supports recurring order flows, scale benefits and gives management runway to invest in product or distribution expansion that can compound future revenue.
Negative Factors
Zero Operating & Free Cash Flow (2024)
A full-year absence of operating and free cash flow is a structural red flag for cash conversion. Even with accrual profits, failure to generate cash undermines funding for capex, working capital and dividends, and increases reliance on reserves or external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained 24.9% YoY revenue growth reflects durable demand or expanding market share in auto parts. Over 2-6 months this supports recurring order flows, scale benefits and gives management runway to invest in product or distribution expansion that can compound future revenue.
Read all positive factors
GL-Carlink Technology Holding Limited (2531) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.25B
Dividend YieldN/A
Average Volume (3M)363.24K
Price to Earnings (P/E)381.2
Beta (1Y)1.22
Revenue GrowthN/A
EPS GrowthN/A
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-8.85
Price to Book (P/B)14.04
Price to Sales (P/S)13.22
P/FCF Ratio227.10
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...
How the Company Makes Money
GL-Carlink Technology Holding Limited generates revenue primarily through the sale and licensing of its automotive connectivity solutions and services. The company offers telematics systems that enable real-time data exchange between vehicles and ...
GL-Carlink Technology Holding Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
85
Very Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 695.18M | 700.42M | 560.57M | 413.86M | 326.77M |
| Gross Profit | 475.17M | 437.36M | 251.78M | 173.19M | 94.68M |
| EBITDA | 32.79M | 46.81M | 75.11M | 65.51M | 49.22M |
| Net Income | 44.66M | 44.44M | 51.13M | 44.15M | 31.83M |
Balance Sheet | |||||
| Total Assets | 925.75M | 907.75M | 565.85M | 561.98M | 518.52M |
| Cash, Cash Equivalents and Short-Term Investments | 398.05M | 456.25M | 315.55M | 297.27M | 177.90M |
| Total Debt | 96.67M | 46.08M | 46.17M | 39.93M | 40.70M |
| Total Liabilities | 247.40M | 248.53M | 200.54M | 250.56M | 241.60M |
| Stockholders Equity | 678.52M | 659.40M | 365.41M | 306.73M | 273.17M |
Cash Flow | |||||
| Free Cash Flow | 97.27M | 40.77M | 10.13M | 15.06M | 46.11M |
| Operating Cash Flow | 91.16M | 45.25M | 26.12M | 30.28M | 57.59M |
| Investing Cash Flow | -130.06M | -37.76M | -11.80M | 80.99M | -36.73M |
| Financing Cash Flow | 0.00 | 245.55M | 4.68M | -18.20M | 6.28M |
GL-Carlink Technology Holding Limited Technical Analysis
Negative
9.42
Price Trends
6.30
Negative
8.45
Negative
11.05
Negative
Market Momentum
-0.11
Positive
42.46
Neutral
21.95
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 6.27, above the 50-day MA of 6.30, and below the 200-day MA of 11.05, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 42.46 is Neutral, neither overbought nor oversold. The STOCH value of 21.95 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$4.39B | 6.69 | 11.16% | 13.26% | -3.80% | -27.62% | |
74 Outperform | HK$5.10B | 1.95 | 15.47% | 8.39% | 2.85% | -33.83% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | HK$2.25B | 381.25 | 6.68% | ― | ― | ― | |
59 Neutral | HK$1.84B | 34.32 | 2.32% | 3.20% | 13.35% | -38.32% | |
44 Neutral | HK$399.84M | 11.29 | 2.55% | 1.22% | 14.93% | 19.84% | |
42 Neutral | HK$334.00M | ― | -0.14% | ― | 23.71% | -112.50% |
* Technology Sector Average
HK:2531
GL-Carlink Technology Holding Limited
6.14
-7.42
-54.72%
HK:1571
Xin Point Holdings Limited
4.37
1.56
55.52%
HK:1760
Intron Technology Holdings Ltd.
1.69
0.54
46.96%
HK:1809
Prinx Chengshan Holdings Limited
7.98
1.25
18.57%
HK:6162
China Tianrui Automotive Interiors Co., Ltd.
0.17
0.10
138.57%
HK:6830
Huazhong In-Vehicle Holdings Company Limited
0.23
0.01
5.61%
GL-Carlink Technology Holding Limited Corporate Events
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...
GL-Carlink Says Operations Stable Despite Unusual Share Price Movements
Dec 28, 2025
GL-Carlink Technology Holding Limited reported that it has observed recent unusual fluctuations in its share price but, after making reasonable enquiries, the board stated it is not aware of any specific reason, undisclosed information or inside i...
GL-Carlink Terminates MOU, Continues RWA Business Development
Dec 15, 2025
GL-Carlink Technology Holding Limited announced the termination of its Memorandum of Understanding (MOU) with High West due to the inability to reach a definitive agreement, which will not adversely affect the company’s financial condition. ...
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.