National Electronics Holdings AI Stock Analysis
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National Electronics Holdings (0213) AI Stock Analysis
National Electronics Holdings
(HKEX:0213)
The score is held down primarily by weak and highly volatile financials: revenue swings of -52% to +655%, a gross margin collapse to ~6.1%, negative EBIT, elevated leverage (1.22x debt-to-equity) and minimal ROE of ~1.6%. The latest year's large positive cash flow and ongoing deleveraging are encouraging but appear potentially one-off after four consecutive years of cash burn. Technicals add little support, with negative MACD, an RSI of 36 and the price below its 200-day average, though the deeply oversold Stochastic hints at scope for a short-term rebound. A low P/E of 8.0 and 3.3% dividend yield provide some valuation cushion, but earnings quality concerns make the discount appear justified. Overall, this is a high-risk, below-average quality situation requiring clarity on the sustainability of the latest year's results.
National Electronics Holdings (0213) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 319.22M
- Dividend Yield
- 3.33%
- Average Volume (3M)
- 164.48K
- Price to Earnings (P/E)
- 8.0
- Beta (1Y)
- 0.31
- Revenue Growth
- 705.99%
- EPS Growth
- -56.00%
- Country
- Hong Kong
- Employees
- 170
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Personal Products & Services
National Electronics Holdings Business Overview & Revenue Model
Company Description
National Electronics Holdings Limited, an investment holding company, manufactures, assembles, and sells electronic watches and watch parts in the People's Republic of China, Hong Kong, North America, Europe, and internationally. It operates through...
National Electronics Holdings Financial Statement Overview
Summary
Financial health is weak across all three statements. The income statement (32) shows extreme volatility — a 655% revenue jump to ~HK$4.05bn accompanied by a gross margin collapse to ~6.1%, negative EBIT/EBITDA and net income falling to HK$41m from HK$94m. The balance sheet (30) remains strained with ~HK$3.25bn total debt versus ~HK$2.65bn equity (1.22x D/E, down from 2.20x), a sharp drop in total assets from ~HK$9.5bn to ~HK$6.2bn, and anemic ROE of ~1.6%. Cash flow (38) swung positive to ~HK$2.5bn operating and free cash flow after four straight negative years, but the magnitude suggests one-off working capital or asset-related drivers rather than repeatable operating strength. Deleveraging is a modest positive, but unpredictable revenue, thin and unstable margins, and inconsistent cash generation dominate.
Income Statement
32NegativeBalance Sheet
30NegativeCash Flow
38Negative| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.05B | 4.05B | 502.31M | 578.22M | 501.31M | 694.56M |
| Gross Profit | 245.56M | 245.56M | 127.02M | 120.93M | 107.80M | 87.82M |
| EBITDA | -53.39M | -53.39M | 294.59M | 280.49M | 9.61M | 96.69M |
| Net Income | 41.29M | 41.29M | 93.90M | 41.13M | 48.87M | 91.36M |
Balance Sheet | ||||||
| Total Assets | 6.18B | 6.18B | 9.51B | 8.58B | 8.51B | 8.34B |
| Cash, Cash Equivalents and Short-Term Investments | 771.98M | 771.98M | 316.00M | 568.33M | 1.00B | 1.30B |
| Total Debt | 3.25B | 3.25B | 5.67B | 4.94B | 4.91B | 4.70B |
| Total Liabilities | 3.53B | 3.53B | 6.93B | 6.03B | 5.96B | 5.72B |
| Stockholders Equity | 2.65B | 2.65B | 2.58B | 2.55B | 2.54B | 2.62B |
Cash Flow | ||||||
| Free Cash Flow | 2.49B | 2.50B | -415.64M | -229.32M | -291.20M | -369.58M |
| Operating Cash Flow | 2.50B | 2.50B | -405.37M | -220.81M | -289.59M | -368.36M |
| Investing Cash Flow | 366.25M | 108.22M | 32.27M | 115.75M | -155.69M | -69.65M |
| Financing Cash Flow | -2.73B | -2.46B | 437.45M | -275.74M | 167.74M | 451.12M |
National Electronics Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0213, the sentiment is Positive. The current price of 0.36 is above the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.36, and below the 200-day MA of 0.36, indicating a neutral trend. The MACD of 0.00 indicates Negative momentum. The RSI at 56.89 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0213.
National Electronics Holdings Peers Comparison
Overall Rating
HK:088775Outperform
HK:039869.5Neutral
HK:008446Neutral
HK:185644Neutral
HK:338943Neutral- HK:021342Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0887 | 75Outperform | HKD 1.96B | 3.28 | 9.96% | 7.85% | 8.83% | 109.28% |
| HK:0398 | 70Neutral | HKD 1.60B | 8.85 | 9.99% | 6.01% | -0.78% | -10.18% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| HK:0084 | 46Neutral | HKD 56.42M | -1.25 | -5.18% | ― | 0.91% | 55.64% |
| HK:1856 | 44Neutral | HKD 529.58M | -14.46 | -68.91% | ― | -8.88% | 42.89% |
| HK:3389 | 43Neutral | HKD 343.51M | -3.97 | -2.87% | 295.56% | -21.99% | -138.89% |
| HK:0213 | 42Neutral | HKD 327.35M | 7.98 | 1.56% | 3.33% | 705.99% | -56.00% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0213 | National Electronics Holdings | 0.36 | 0.03 | 8.43% | |
| HK:0887 | Emperor Watch & Jewellery | 0.26 | 0.01 | 3.59% | |
| HK:3389 | Hengdeli Holdings | 0.09 | 0.05 | 143.24% | |
| HK:0398 | Oriental Watch Holdings | 3.27 | 0.17 | 5.48% | |
| HK:0084 | Stelux Holdings International Limited | 0.06 | -0.01 | -18.57% | |
| HK:1856 | Ernest Borel Holdings Ltd | 1.48 | -0.14 | -8.39% |
National Electronics Holdings Corporate Events
National Electronics Wins Strong Shareholder Backing at 2026 AGM
National Electronics Holdings reported that all resolutions put to shareholders at its 27 August 2026 annual general meeting were duly passed by poll, with overwhelming support across the board. Investors approved the audited financial statements for...
National Electronics Holdings Secures Further Extension for Property Deal Circular
National Electronics Holdings Limited, incorporated in Bermuda and listed in Hong Kong under stock code 213, operates in the electronics industry and is overseen by a board comprising executive, non-executive and independent non-executive directors....
National Electronics Delays Circular on Major Property Acquisition
National Electronics Holdings Limited has announced a delay in sending a shareholder circular related to a major transaction involving the acquisition of a property. The company had originally expected to dispatch the circular by 7 August 2026, but n...
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.
Date of analysis: Nov 05, 2026