Win Hanverky Holdings Limited (3322) AI Stock Analysis

• Market Cap: HK$306.97M
• Dividend Yield: N/A
• Average Volume (3M): 125.20K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.04
• Revenue Growth: 29.26%
• EPS Growth: 81.76%
• Country: HK
• Employees: 17,000
• Sector: Consumer Defensive
• Sector Strength: 64
• Industry: Apparel - Manufacturers
• EPS (TTM): -0.05
• Shares Outstanding: 1,284,400,000
• 10 Day Avg. Volume: 74,800
• 30 Day Avg. Volume: 125,200
• PEG Ratio: -0.06
• Price to Book (P/B): 0.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.83
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 50 Neutral
• Price Target: ―

Win Hanverky Holdings Limited is experiencing financial challenges with ongoing losses and liquidity issues, reflected in a low financial performance score. However, there is some positive market momentum, as indicated by technical analysis, suggesting a mild recovery in stock price. The negative valuation metrics further push down the overall score, making it a stock with considerable risks but some potential recovery signals.

Win Hanverky Holdings Limited Business Overview & Revenue Model

Company Description

Win Hanverky Holdings Limited (3322) is a leading apparel manufacturer and retailer based in Hong Kong. The company specializes in the design, manufacture, and sale of sportswear, outdoor apparel, and high-end fashion garments. It operates through two main segments: manufacturing and retail. Win Hanverky caters to a diverse clientele, including international sports brands and retail chains, and also manages its own retail stores under various brand names.

How the Company Makes Money

Win Hanverky Holdings Limited generates revenue primarily through its manufacturing and retail segments. In its manufacturing business, the company produces sportswear and high-end fashion garments for international brands, earning money through long-term contracts and orders from these brands. The retail segment contributes to revenue by selling apparel directly to consumers through its own retail stores and online platforms. Additionally, the company benefits from strategic partnerships and collaborations with leading global brands, which enhance its market presence and drive sales. Key factors contributing to its earnings include maintaining strong relationships with brand partners, ensuring high-quality production standards, and expanding its retail footprint in strategic markets.

Win Hanverky Holdings Limited Financial Statement Overview

Summary

Win Hanverky Holdings Limited is struggling with profitability and cash flow generation, although there are signs of revenue recovery. The balance sheet reflects some stability with manageable debt levels. However, ongoing operational and liquidity challenges pose significant risks to financial health.

Income Statement

The company has faced declining revenue and profitability over the past years. Gross Profit Margin for 2024 was 19.5%, slightly better than previous years but still weak. The Net Profit Margin remains negative at -1.7%, indicating ongoing losses. Revenue Growth Rate from 2023 to 2024 was 29.3%, suggesting some recovery. However, EBIT and EBITDA margins are negative, reflecting operational challenges.

Balance Sheet

The company's balance sheet shows a moderate level of risk. The Debt-to-Equity Ratio improved to 0.51 in 2024, reflecting reduced leverage. Return on Equity remains negative due to continued losses, but the Equity Ratio is stable at 50.2%, indicating a balanced capital structure.

Cash Flow

Cash flow analysis reveals challenges, with Free Cash Flow at zero in 2024 due to no operating cash flow. The inability to generate free cash flow is concerning as it indicates potential liquidity issues. Historical data shows volatile cash flows, adding to the risk.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
3.97B	3.07B	4.45B	4.14B	4.02B
	Gross Profit
774.63M	504.14M	989.08M	998.99M	964.90M
	EBIT
-9.34M	-231.37M	-29.30M	-49.13M	-33.24M
	EBITDA
92.86M	-39.23M	306.27M	229.12M	257.41M
	Net Income Common Stockholders
-68.44M	-375.29M	10.07M	-66.42M	-233.82M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
250.32M	209.46M	370.49M	417.04M	695.09M
	Total Assets
2.70B	2.83B	3.47B	3.95B	3.82B
	Total Debt
689.84M	744.95M	1.06B	1.26B	1.17B
	Net Debt
439.52M	535.49M	692.60M	843.41M	470.94M
	Total Liabilities
1.35B	1.39B	1.61B	2.00B	1.85B
	Stockholders Equity
1.35B	1.46B	1.87B	1.96B	1.97B
Cash Flow		Free Cash Flow
0.00	209.39M	186.83M	-151.71M	529.08M
	Operating Cash Flow
124.65M	265.40M	243.70M	-73.64M	593.53M
	Investing Cash Flow
0.00	42.53M	27.35M	-78.09M	-103.13M
	Financing Cash Flow
0.00	-467.33M	-306.56M	-133.40M	-282.31M

Win Hanverky Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3322, the sentiment is Positive. The current price of 0.24 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.22, and above the 200-day MA of 0.19, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 60.48 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3322.

Win Hanverky Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2020	81 Outperform	$262.90B	15.67	28.11%	2.53%	11.51%	47.88%
2331	81 Outperform	HK$39.46B	12.05	11.92%	4.88%	1.85%	-6.19%
1913	75 Outperform	$120.01B	16.95	20.60%	3.05%	14.60%	24.66%
1910	70 Outperform	$20.02B	8.69	20.15%	5.96%	-4.83%	-27.83%
1177	66 Neutral	$94.43B	49.76	6.14%	2.17%	7.63%	-24.23%
Sector *	65 Neutral	$8.81B	15.01	4.71%	3.72%	3.60%	-2.89%
3322	50 Neutral	HK$306.97M	―	-4.86%	―	29.26%	81.76%

Win Hanverky Holdings Limited Corporate Events

Win Hanverky Holdings Sets AGM for Key Decisions on June 24, 2025

Win Hanverky Holdings Limited has announced its Annual General Meeting scheduled for June 24, 2025, where key business matters such as the approval of financial statements, re-election of directors, and re-appointment of auditors will be addressed. The company also seeks approval for the directors to allot and issue additional shares, which could impact its capital structure and shareholder value.

Win Hanverky Reports Revenue Growth Amid Store Decline

Win Hanverky Holdings Limited reported a 12% overall revenue growth in its high-end fashion retailing business for the first quarter of 2025, despite a 2% decline in same store sales. The growth was largely driven by wholesale revenue from a newly introduced franchise store model, while the number of direct operated offline stores decreased from 115 to 99 compared to the previous year.

Win Hanverky Holdings Sees Revenue Surge Amidst Economic Challenges

Win Hanverky Holdings Limited reported a substantial recovery in its financial performance for the year ended December 31, 2024, with a 29.3% increase in revenue from continuing operations, driven by improved customer orders in its Sportswear Manufacturing Business. Despite a challenging economic environment, the company reduced its operating loss significantly and improved its financial position, although it chose not to distribute dividends to conserve resources for future market uncertainties.

Win Hanverky Holdings to Review Annual Financials and Dividend Declaration

Win Hanverky Holdings Limited has announced that its board of directors will convene on March 20, 2025, to review and approve the company’s annual financial results for the year ending December 31, 2024. The meeting will also consider the declaration of a final dividend, which could impact shareholder returns and the company’s financial strategy.

Win Hanverky Reduces Losses and Reports Business Growth

Win Hanverky Holdings Limited announced a significant reduction in losses for the year ended December 31, 2024, compared to the previous year. The company’s sportswear manufacturing business saw a remarkable turnaround due to a 31% increase in revenue, driven by rebounded customer orders and improved inventory issues. The company also benefited from ceasing operations of the loss-making fashion brand ‘Champion.’ High-end functional outerwear manufacturing also experienced growth, particularly in Mainland China, contributing to an operating profit increase.