Win Hanverky Holdings Limited (HK:3322)
:3322
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Win Hanverky Holdings Limited
(3322)
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Rating:49Neutral
Price Target:
HK$0.19
▼(-15.65% Downside)
Action:Reiterated
Date:05/06/26
The score is primarily constrained by weak and inconsistent profitability alongside declining equity and a 2025 revenue drop, despite generally positive (but volatile) free cash flow. Technicals also lean bearish with price below key moving averages and a negative MACD. Valuation is difficult to support due to a negative P/E and no dividend yield data.
Positive Factors
Consistent positive cash generation
The company generated positive operating cash flow and free cash flow in 2025, providing an immediate liquidity buffer to fund operations, short-term capex and working capital. Durable cash generation, even if volatile, reduces reliance on external financing and supports continuity of operations over the next several quarters.
Negative Factors
Declining revenue
A significant revenue decline reduces scale benefits and makes it harder to absorb fixed costs, shrinking gross and operating margins over time. Persistent top-line contraction undermines long-term profitability prospects and increases execution risk for any plans to rebuild margins or invest in growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent positive cash generation
The company generated positive operating cash flow and free cash flow in 2025, providing an immediate liquidity buffer to fund operations, short-term capex and working capital. Durable cash generation, even if volatile, reduces reliance on external financing and supports continuity of operations over the next several quarters.
Read all positive factors
Win Hanverky Holdings Limited (3322) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$256.88M
Dividend YieldN/A
Average Volume (3M)65.67K
Price to Earnings (P/E)―
Beta (1Y)-0.02
Revenue Growth-13.96%
EPS Growth-167.54%
CountryHK
Employees17,000
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.14
Shares Outstanding1,284,400,000
10 Day Avg. Volume83,000
30 Day Avg. Volume65,666
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)2.43
Price to Sales (P/S)0.85
P/FCF Ratio27.73
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
Win Hanverky Holdings Limited Business Overview & Revenue Model
Company Description
Win Hanverky Holdings Limited, together with its subsidiaries, manufactures and sells sportswear, outerwear, fashion apparel, and related accessories in Mainland China, Europe, other Asian countries, the United States, Hong Kong, Canada, and inter...
Win Hanverky Holdings Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.42B | 3.97B | 3.07B | 4.08B | 4.14B |
| Gross Profit | 592.90M | 774.63M | 504.14M | 989.08M | 998.99M |
| EBITDA | 177.23M | 92.86M | -39.23M | 306.27M | 229.12M |
| Net Income | -183.19M | -68.44M | -375.29M | 10.07M | -66.42M |
Balance Sheet | |||||
| Total Assets | 2.57B | 2.70B | 2.83B | 3.47B | 3.95B |
| Cash, Cash Equivalents and Short-Term Investments | 284.86M | 250.32M | 209.46M | 370.49M | 417.04M |
| Total Debt | 705.30M | 689.84M | 744.95M | 1.06B | 1.26B |
| Total Liabilities | 1.38B | 1.35B | 1.39B | 1.61B | 2.00B |
| Stockholders Equity | 1.20B | 1.35B | 1.46B | 1.87B | 1.96B |
Cash Flow | |||||
| Free Cash Flow | 105.33M | 78.43M | 209.39M | 186.83M | -151.71M |
| Operating Cash Flow | 148.08M | 122.93M | 265.40M | 243.70M | -73.64M |
| Investing Cash Flow | -60.28M | 56.56M | 42.53M | 27.78M | -78.09M |
| Financing Cash Flow | -79.70M | -135.80M | -467.33M | -306.56M | -133.40M |
Win Hanverky Holdings Limited Technical Analysis
Neutral
0.23
Price Trends
0.20
Negative
0.22
Negative
0.21
Negative
Market Momentum
>-0.01
Negative
51.52
Neutral
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3322, the sentiment is Neutral. The current price of 0.23 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.20, and above the 200-day MA of 0.21, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.52 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:3322.
Win Hanverky Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$164.35M | 2.33 | 7.64% | 6.67% | 30.48% | 116.41% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | HK$382.02M | 7.23 | 2.16% | 2.33% | -8.16% | -23.90% | |
52 Neutral | HK$165.40M | -0.96 | -8.69% | 2.08% | -6.96% | -32.24% | |
49 Neutral | HK$256.88M | -0.50 | -14.46% | ― | -13.96% | -167.54% | |
46 Neutral | HK$728.21M | -10.94 | -17.17% | ― | -13.06% | -197.89% | |
45 Neutral | HK$76.04M | 10.93 | 2.89% | 12.12% | -14.26% | -76.67% |
* Consumer Cyclical Sector Average
HK:3322
Win Hanverky Holdings Limited
0.20
-0.04
-16.67%
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Shanshan Brand Management Co. Ltd. Class H
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Bonny International Holding Ltd.
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Furniweb Holdings Limited
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Win Hanverky Holdings Limited Corporate Events
Win Hanverky Sets 2026 AGM to Approve Results, Board Changes and Share Issue Mandate
Apr 29, 2026
Win Hanverky Holdings Limited has called its annual general meeting for 18 June 2026 in Hong Kong, where shareholders will be asked to receive and approve the audited consolidated financial statements for the year ended 31 December 2025, along wit...
Win Hanverky Moves to Modernize Articles in Line with Hong Kong Listing Reforms
Apr 10, 2026
Win Hanverky Holdings Limited plans to replace its existing articles of association with amended and restated articles to align its corporate constitution with updated Hong Kong listing requirements. The move is intended to support the expanded pa...
Win Hanverky Swings Fashion Brands to Profit but Shuts Loss-Making Retail Arm
Mar 19, 2026
Win Hanverky Holdings reported a 5.2% decline in revenue from continuing operations to HK$3.42 billion for 2025, as weaker sportswear manufacturing sales offset growth in its fashion brands and licensing business, which delivered a strong turnarou...
Win Hanverky Sets March 2026 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 5, 2026
Win Hanverky Holdings Limited has scheduled a board meeting for 19 March 2026 to review and approve the audited annual results for the financial year ended 31 December 2025, ahead of releasing these figures to the market. The board will also consi...
Win Hanverky Sets 2026 CEO Transition as Business Focus Shifts
Feb 27, 2026
Win Hanverky Holdings has announced that Chief Executive Officer and executive director Mr. Lee Kwok Leung will retire on 3 March 2026 to focus on personal pursuits, with the company noting there is no disagreement with the board or other issues r...
Win Hanverky Reshapes Board and Committee Roles Effective March 2026
Feb 27, 2026
Win Hanverky Holdings Limited has updated its board composition with effect from 3 March 2026, naming LI Kwok Tung Roy as chairman, LAI Ching Ping as deputy chairman, LI Chun Ho Fredrick as chief executive officer and WONG Chi Keung as chief finan...
Win Hanverky Forecasts Deeper 2025 Loss as It Exits High-End Retail and Reshapes Manufacturing
Feb 13, 2026
Win Hanverky Holdings Limited has warned that it expects to post a loss after tax of about HK$180 million for 2025, nearly triple the prior-year loss, driven mainly by the discontinued High-end Fashion Retailing Business. The group has decided to ...
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.