Man Yue Technology Holdings Ltd (0894) AI Stock Analysis

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Man Yue Technology Holdings Ltd

(HKEX:0894)

Select Model

Rating:44Neutral

Price Target:HKD 1.00▼(-14.16% Downside)

Action:reiterated

Date:10/15/26

The overall score is primarily constrained by weak financial performance, especially deteriorating cash flow and very thin profitability. Bearish technical positioning further weighs on the result, while the high dividend yield only partially offsets the risk from the elevated P/E ratio.

Positive Factors

Revenue RecoveryRevenue rebounded strongly in 2025 after a 2023 contraction, indicating the PCB-related business regained sales momentum. If maintained, this recovery can improve operating absorption and provide a larger base from which the group can rebuild earnings over the next several quarters.

Negative Factors

Very Thin ProfitabilityNet profit margin well under 1% and ROE of roughly 0.4%–0.5% show that revenue is generating very little shareholder return. Such thin earnings leave limited cushion against cost or mix pressure and make sustained profitability improvement central to the investment case.

Man Yue Technology Holdings Ltd (0894) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 558.41M
Dividend Yield: 0.42%
Average Volume (3M): 4.00M
Price to Earnings (P/E): 50.7
Beta (1Y): -0.46
Revenue Growth: 8.63%
EPS Growth: 15.58%
Country: Hong Kong
Employees: 2,473
Sector: Technology
Sector Strength: 61
Industry: Hardware, Equipment & Parts

Man Yue Technology Holdings Ltd Business Overview & Revenue Model

Company Description

Man Yue Technology Holdings Limited operates as an investment holding company primarily engaged in the development, manufacturing, and sale of electronic components. Its core offerings include aluminum electrolytic capacitors, which serve a diverse c...

Man Yue Technology Holdings Ltd Financial Statement Overview

Summary

Financial performance is weak overall: profitability is thin, returns on equity are low, and recent operating and free cash flow deterioration creates material cash-generation risk. Moderate leverage and stable equity provide some support.

Income Statement

42Neutral

Balance Sheet

58Neutral

Cash Flow

33Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.75B	1.65B	1.61B	1.47B	1.85B	2.09B
Gross Profit	302.51M	273.40M	247.33M	266.41M	328.01M	357.49M
EBITDA	166.10M	155.01M	119.93M	145.68M	192.49M	196.06M
Net Income	11.03M	6.25M	7.82M	4.08M	42.69M	76.49M
Balance Sheet
Total Assets	3.51B	3.30B	3.15B	3.17B	3.23B	3.45B
Cash, Cash Equivalents and Short-Term Investments	167.96M	187.53M	208.19M	258.79M	311.88M	215.75M
Total Debt	1.31B	1.16B	1.05B	1.11B	1.14B	1.14B
Total Liabilities	1.85B	1.76B	1.65B	1.62B	1.73B	1.76B
Stockholders Equity	1.63B	1.52B	1.47B	1.52B	1.47B	1.65B
Cash Flow
Free Cash Flow	-175.37M	-61.75M	67.56M	85.87M	130.02M	-21.01M
Operating Cash Flow	-47.39M	57.37M	127.96M	128.56M	207.88M	76.48M
Investing Cash Flow	-134.23M	-120.91M	-63.16M	-47.93M	-84.55M	-106.21M
Financing Cash Flow	203.68M	39.47M	-102.31M	-140.28M	-13.73M	-21.88M

Man Yue Technology Holdings Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price1.17

Price Trends

50DMA1.81Negative

100DMA2.57Negative

200DMA1.90Negative

Market Momentum

MACD-0.21Positive

RSI27.15Positive

STOCH9.35Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0894, the sentiment is Negative. The current price of 1.17 is below the 20-day moving average (MA) of 1.59, below the 50-day MA of 1.81, and below the 200-day MA of 1.90, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 27.15 is Positive, neither overbought nor oversold. The STOCH value of 9.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0894.

Man Yue Technology Holdings Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

HK:0894 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:1415	79Outperform	HKD 18.18B	10.66	28.59%	1.67%	14.86%	28.59%
HK:0285	65Neutral	HKD 49.12B	18.88	6.40%	0.82%	4.29%	-49.39%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
HK:1478	55Neutral	HKD 5.38B	3.13	22.89%	12.21%	31.14%	215.73%
HK:6088	50Neutral	HKD 23.77B	18.73	6.00%	―	11.05%	6.56%
HK:1888	49Neutral	HKD 109.29B	24.77	25.35%	1.86%	31.94%	185.84%
HK:0894	44Neutral	HKD 558.41M	50.65	0.70%	0.42%	8.63%	15.58%

* Technology Sector Average

Performance Comparison

HK:0894 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:0894	Man Yue Technology Holdings Ltd	1.17	0.38	47.47%
HK:0285	BYD Electronic (International) Co	21.80	-13.99	-39.09%
HK:1888	Kingboard Laminates Holdings	34.68	22.33	180.72%
HK:1478	Q Technology (Group) Co	4.50	-8.68	-65.85%
HK:1415	Cowell e Holdings Inc.	20.90	-9.23	-30.63%
HK:6088	FIT Hon Teng Limited	3.35	-2.32	-40.92%

Man Yue Technology Holdings Ltd Corporate Events

Man Yue Technology Delivers Strong Interim Profit Growth on Higher Margins

Aug 26, 2026

Man Yue Technology Holdings Ltd reported a solid set of unaudited interim results for the six months ended 30 June 2026, underscoring its improving profitability in a competitive electronics components market. Revenue climbed 12.5% year-on-year to HK...

Man Yue Technology Sets August Board Meeting for Interim Results and Dividend Review

Aug 12, 2026

Man Yue Technology Holdings Ltd has scheduled a board meeting in Hong Kong on 26 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider declaring and paying any interim dividend to sh...

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 15, 2026

Man Yue Technology Holdings Ltd AI Stock Analysis

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