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Quali-Smart Holdings Ltd. (1348) AI Stock Analysis
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Quali-Smart Holdings Ltd.
(HKEX:1348)
The score is driven primarily by very weak financial performance, including steep multi-year revenue contraction, persistent deep losses, and a sharp swing to negative operating/free cash flow in 2026. Technical indicators add modest downside pressure with price below key moving averages and negative MACD. Valuation provides limited support because the negative P/E reflects ongoing losses and no dividend yield data is available.
Quali-Smart Holdings Ltd. (1348) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 188.70M
- Dividend Yield
- ―
- Average Volume (3M)
- 929.27K
- Price to Earnings (P/E)
- -7.5
- Beta (1Y)
- -0.04
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 9
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Leisure
Quali-Smart Holdings Ltd. Business Overview & Revenue Model
Company Description
Quali-Smart Holdings Limited, an investment holding firm established in 2012 and headquartered in Tsuen Wan, Hong Kong, operates through two primary business segments: the production and distribution of toys, and the delivery of financial services. T...
How the Company Makes Money
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Quali-Smart Holdings Ltd. Financial Statement Overview
Summary
Financial performance is severely pressured: revenue has collapsed over several years (485.8M in 2021 to 26.6M in 2026), profitability is deeply negative with a ~-94% net margin in 2026, and cash flow deteriorated sharply with 2026 operating/free cash flow at -25.4M. While leverage is moderate and improved vs. 2025, the large shrink in assets/equity and persistent losses keep overall financial risk high.
Income Statement
12Very NegativeBalance Sheet
34NegativeCash Flow
18Very Negative| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.46M | 26.63M | 71.93M | 177.26M | 341.80M | 485.79M |
| Gross Profit | 15.78M | 1.51M | 23.48M | 28.00M | 44.93M | 71.59M |
| EBITDA | -7.30M | -13.07M | -5.55M | -59.61M | -50.01M | -7.62M |
| Net Income | -18.43M | -25.02M | -17.87M | -73.94M | -72.32M | -35.63M |
Balance Sheet | ||||||
| Total Assets | 67.65M | 27.76M | 164.65M | 176.55M | 243.88M | 438.84M |
| Cash, Cash Equivalents and Short-Term Investments | 44.19M | 22.44M | 84.03M | 78.02M | 61.95M | 98.55M |
| Total Debt | 27.41M | 10.24M | 43.55M | 38.86M | 45.26M | 58.48M |
| Total Liabilities | 40.20M | 14.55M | 126.36M | 120.38M | 117.41M | 145.76M |
| Stockholders Equity | 27.45M | 13.21M | 38.24M | 56.11M | 126.39M | 293.08M |
Cash Flow | ||||||
| Free Cash Flow | 18.36M | -25.36M | 11.93M | 23.47M | 29.42M | 12.08M |
| Operating Cash Flow | 18.40M | -25.36M | 11.95M | 23.68M | 35.10M | 13.41M |
| Investing Cash Flow | -13.76M | 49.25M | -36.00M | -19.86M | 13.39M | -16.02M |
| Financing Cash Flow | -19.16M | -35.02M | -7.92M | -8.23M | -47.02M | -40.55M |
Quali-Smart Holdings Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1348, the sentiment is Negative. The current price of 0.13 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.17, and below the 200-day MA of 0.21, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 34.14 is Neutral, neither overbought nor oversold. The STOCH value of 25.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1348.
Quali-Smart Holdings Ltd. Peers Comparison
Overall Rating
HK:108670Outperform
HK:086964.3Neutral
HK:063555Neutral
HK:383047Neutral- HK:134841Neutral
HK:018040Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:1086 | 70Outperform | HKD 2.32B | 6.08 | 6.09% | 18.05% | 0.34% | 40.53% |
| HK:0869 | 64Neutral | HKD 540.86M | -75.00 | -0.68% | 14.58% | -23.66% | -152.03% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| HK:0635 | 55Neutral | HKD 1.02B | -4.13 | -5.52% | 9.09% | -18.78% | 42.15% |
| HK:3830 | 47Neutral | HKD 175.00M | -28.23 | -36.67% | ― | 1.90% | 11.43% |
| HK:1348 | 41Neutral | HKD 188.70M | -7.53 | -123.07% | ― | ― | ― |
| HK:0180 | 40Underperform | HKD 215.78M | -0.91 | -14.23% | ― | 4.04% | -16.43% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:1348 | Quali-Smart Holdings Ltd. | 0.13 | -0.00 | -1.54% | |
| HK:1086 | Goodbaby International Holdings | 1.39 | 0.47 | 50.87% | |
| HK:0869 | Playmates Toys | 0.48 | -0.06 | -11.11% | |
| HK:0635 | Playmates Holdings | 0.49 | 0.01 | 2.06% | |
| HK:0180 | Kader Holdings Co. Ltd. | 0.23 | 0.03 | 17.01% | |
| HK:3830 | Kiddieland International Ltd. | 0.17 | 0.11 | 182.26% |
Quali-Smart Holdings Ltd. Corporate Events
Quali-Smart Wins Unanimous Shareholder Backing for All AGM Resolutions
Quali-Smart Holdings Limited reported that all resolutions at its 28 September 2026 annual general meeting were approved by shareholders through poll voting, with 1,102,528,000 votes cast in favor and none against for each motion. The meeting adopted...
Quali-Smart Sets 2026 AGM to Renew Board, Auditor and Share Issuance Mandate
Quali-Smart Holdings Ltd. has called its annual general meeting for 28 September 2026 in Central, Hong Kong, where shareholders will vote on adopting the audited consolidated financial statements and directors’ and auditor’s reports for t...
Quali-Smart shifts to new .com corporate website for disclosures
Quali-Smart Holdings Ltd. has updated its corporate website address from a Hong Kong-specific domain to a global “.com” domain, effective 2 September 2026. The change centralises investor information, with all exchange-filed announcements...
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 09, 2026