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New Gonow Recreational Vehicles, Inc. (HK:0805)
:0805
Hong Kong Market
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New Gonow Recreational Vehicles, Inc. (0805) AI Stock Analysis

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HK:0805

New Gonow Recreational Vehicles, Inc.

(0805)

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Neutral 47 (OpenAI - Gpt-5.6Sol)
Rating:47Neutral
Price Target:
HK$9.00
▲(857.45% Upside)
Action:Reiterated
Date:10/31/26
The score is held down primarily by the 2025 cash-flow reversal to negative operating and free cash flow and the sharp margin compression, which increase financial and earnings-quality risk. Technical indicators also point to bearish momentum with the price below key moving averages. Valuation is an additional headwind given the extremely high P/E and no dividend yield data.
Positive Factors
Multi-year revenue expansion
Revenue expanded strongly from 2021 through 2024, demonstrating prior multi-year business traction. Although 2025 reversed, the established growth record provides a foundation for recovery if the company restores revenue momentum over the next several quarters.
Negative Factors
Negative operating and free cash flow
Operating cash flow fell to about negative 67.6M and free cash flow to negative 78.6M in 2025 after positive free cash flow during 2021–2024. Persistent weakness would reduce internally funded investment and could increase reliance on financing to support operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue expansion
Revenue expanded strongly from 2021 through 2024, demonstrating prior multi-year business traction. Although 2025 reversed, the established growth record provides a foundation for recovery if the company restores revenue momentum over the next several quarters.
Read all positive factors

New Gonow Recreational Vehicles, Inc. (0805) vs. iShares MSCI Hong Kong ETF (EWH)

New Gonow Recreational Vehicles, Inc. Business Overview & Revenue Model

Company Description
New Gonow Recreational Vehicles, Inc. is an enterprise dedicated to the entire process of custom-built, towable recreational vehicles, from their initial design and development to their manufacture and distribution. The company markets its product...

New Gonow Recreational Vehicles, Inc. Financial Statement Overview

Summary
Mixed fundamentals: revenue declined ~7.9% in 2025 and profitability weakened materially (gross margin ~27.2% vs ~31.1% in 2024; EBIT margin ~1.8% vs ~8.5%). The balance sheet improved with much lower leverage (debt-to-equity ~0.55), but this is outweighed by the major cash-flow deterioration in 2025 (operating cash flow about -67.6M; free cash flow about -78.6M), which raises earnings-quality and funding-risk concerns.
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
28
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue920.85M848.82M864.16M720.30M498.78M299.67M
Gross Profit251.11M231.06M268.52M181.05M82.24M50.10M
EBITDA44.42M65.36M93.98M126.25M61.14M49.70M
Net Income6.67M30.02M43.33M79.97M32.96M25.08M
Balance Sheet
Total Assets970.95M852.94M559.87M398.80M300.22M224.32M
Cash, Cash Equivalents and Short-Term Investments393.77M316.66M29.26M14.35M21.47M8.80M
Total Debt283.89M187.72M167.44M103.99M67.84M88.02M
Total Liabilities619.71M508.57M520.62M371.61M243.27M197.35M
Stockholders Equity344.16M339.07M35.41M25.28M56.95M26.97M
Cash Flow
Free Cash Flow-36.65M-78.64M135.43M112.58M51.51M14.85M
Operating Cash Flow-17.53M-67.57M143.68M119.77M57.78M19.41M
Investing Cash Flow209.49M-4.10M-98.03M-2.70M-5.41M-4.50M
Financing Cash Flow81.30M283.72M-30.25M-124.80M-39.88M-8.97M

New Gonow Recreational Vehicles, Inc. Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.94
Price Trends
50DMA
10.72
Negative
100DMA
8.57
Positive
200DMA
5.01
Positive
Market Momentum
MACD
-0.03
Positive
RSI
38.35
Neutral
STOCH
11.99
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0805, the sentiment is Neutral. The current price of 0.94 is below the 20-day moving average (MA) of 12.57, below the 50-day MA of 10.72, and below the 200-day MA of 5.01, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 38.35 is Neutral, neither overbought nor oversold. The STOCH value of 11.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0805.

New Gonow Recreational Vehicles, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
51
Neutral
HK$741.27M-0.71-51.69%25269.12%-81.57%46.46%
48
Neutral
HK$893.62M-9.28-1.12%9.37%2.12%-10.56%
47
Neutral
HK$8.71B1,116.011.95%―13.06%-80.34%
46
Neutral
HK$989.45M12.733.24%2.00%5.99%-23.45%
44
Neutral
HK$1.29B-0.62-20.16%22.36%-16.05%45.22%
43
Neutral
HK$5.21B-2.40-3.22%13.07%-20.42%-187.57%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0805
New Gonow Recreational Vehicles, Inc.
9.08
7.95
710.27%
HK:3669
China Yongda Automobiles Services
0.68
-1.03
-60.23%
HK:1958
BAIC Motor
0.65
-1.36
-67.66%
HK:1122
Qingling Motors Co
0.36
-0.38
-51.35%
HK:0860
Apollo Future Mobility Group Limited
0.73
0.04
6.62%
HK:0305
Wuling Motors Holdings Limited
0.30
-0.20
-40.24%

New Gonow Recreational Vehicles, Inc. Corporate Events

New Gonow RV discloses highly concentrated shareholding after 900% stock surge
Oct 27, 2026
New Gonow Recreational Vehicles Inc. has disclosed a highly concentrated shareholding structure following an enquiry by the Securities and Futures Commission. As of 13 October 2026, the chairman and CEO, together with 22 shareholders and related p...
Regulator Warns on Extreme Share Concentration at New Gonow Recreational Vehicles
Oct 26, 2026
Hong Kong-listed New Gonow Recreational Vehicles Inc., a player in the recreational vehicle industry under stock code 00805, has a shareholding structure dominated by its chairman and chief executive officer and a small group of investors. This co...
New Gonow RV Drives Revenue Growth Amid Margin Pressure in First Half 2026
Aug 31, 2026
New Gonow Recreational Vehicles Inc. reported unaudited interim results for the six months ended June 30, 2026, showing solid top-line growth driven mainly by higher RV sales volumes. Revenue rose 14.9% year-on-year to RMB473.0 million, while gros...
New Gonow RV Sets Board Meeting to Review Interim Results and Dividend
Aug 18, 2026
New Gonow Recreational Vehicles Inc., a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange, operates in the recreational vehicle industry through its network of subsidiaries. The firm is led by Executive Director, Chairman ...
New Gonow RV Issues Profit Warning Amid Margin Pressure and Retail Expansion Costs
Aug 14, 2026
New Gonow Recreational Vehicles Inc. has warned that unaudited net profit for the six months ended June 30, 2026 is expected to fall sharply to between RMB6 million and RMB10 million, down from about RMB31 million a year earlier. The company attri...
New Gonow RVs Ends Pre-IPO Share Option Scheme After Strategic Review
Aug 14, 2026
New Gonow Recreational Vehicles Inc. has terminated its Pre-IPO Share Option Scheme after concluding that it has substantially fulfilled its purpose of attracting and retaining key personnel. The scheme, adopted in May 2024 and comprising 5,950,80...
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.Date of analysis: Oct 31, 2026