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Smart-Core Holdings Ltd. (2166) AI Stock Analysis
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Smart-Core Holdings Ltd.
(HKEX:2166)
The score is held back primarily by weak cash flow quality (sharp negative operating/free cash flow in 2025) and bearish technical signals (price below major moving averages, negative MACD). These risks are partially offset by very compelling valuation metrics (low P/E and high dividend yield) and an improved balance sheet versus prior high-leverage periods.
Smart-Core Holdings Ltd. (2166) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 1.84B
- Dividend Yield
- 5.74%
- Average Volume (3M)
- 603.32K
- Price to Earnings (P/E)
- 3.8
- Beta (1Y)
- 0.36
- Revenue Growth
- 120.16%
- EPS Growth
- 263.85%
- Country
- Hong Kong
- Employees
- 350
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Technology Distributors
Smart-Core Holdings Ltd. Business Overview & Revenue Model
Company Description
Smart-Core Holdings Limited functions as an investment holding company primarily engaged in distributing integrated circuits and various other electronic components. The company's operations span the People's Republic of China, Singapore, and global...
Smart-Core Holdings Ltd. Financial Statement Overview
Summary
Income statement is moderately solid (revenue rebounded strongly in 2025 and profitability remains positive), and the balance sheet has improved with lower leverage and decent ROE. However, cash flow is a major concern: 2025 operating and free cash flow turned sharply negative, signaling weak and volatile earnings-to-cash conversion and raising working-capital risk.
Income Statement
72PositiveBalance Sheet
66PositiveCash Flow
38Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.61B | 6.59B | 4.65B | 5.67B | 10.01B | 10.39B |
| Gross Profit | 655.41M | 409.53M | 311.68M | 441.46M | 1.09B | 989.95M |
| EBITDA | 375.06M | 166.97M | 153.95M | 189.30M | 558.05M | 542.68M |
| Net Income | 402.87M | 161.35M | 100.34M | 71.13M | 164.74M | 214.06M |
Balance Sheet | ||||||
| Total Assets | 4.00B | 2.26B | 1.69B | 1.74B | 2.86B | 3.64B |
| Cash, Cash Equivalents and Short-Term Investments | 454.25M | 336.64M | 297.72M | 395.28M | 494.40M | 290.93M |
| Total Debt | 1.30B | 568.36M | 315.68M | 484.46M | 1.05B | 1.67B |
| Total Liabilities | 2.69B | 1.20B | 734.14M | 835.88M | 1.66B | 2.60B |
| Stockholders Equity | 1.31B | 1.06B | 959.33M | 904.74M | 873.37M | 805.99M |
Cash Flow | ||||||
| Free Cash Flow | -546.62M | -379.14M | 215.36M | 355.83M | 859.24M | -447.51M |
| Operating Cash Flow | -545.68M | -378.46M | 216.49M | 361.65M | 869.75M | -441.23M |
| Investing Cash Flow | -129.56M | 915.00K | 33.25M | 27.93M | -74.70M | -281.13M |
| Financing Cash Flow | 685.94M | 273.08M | -173.44M | -711.51M | -592.78M | 775.02M |
Smart-Core 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:2166, the sentiment is Negative. The current price of 3.31 is below the 20-day moving average (MA) of 3.54, below the 50-day MA of 4.01, and below the 200-day MA of 3.68, indicating a bearish trend. The MACD of -0.13 indicates Negative momentum. The RSI at 40.04 is Neutral, neither overbought nor oversold. The STOCH value of 41.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2166.
Smart-Core Holdings Ltd. Peers Comparison
Overall Rating
HK:136274Outperform
HK:085666Neutral
HK:230263Neutral
HK:059560Neutral- HK:216659Neutral
HK:040044Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:1362 | 74Outperform | HKD 231.00M | 22.12 | 5.93% | 1.21% | -32.77% | 337.65% |
| HK:0856 | 66Neutral | HKD 11.05B | 6.41 | 16.01% | 5.43% | 10.80% | 37.32% |
| HK:2302 | 63Neutral | HKD 1.24B | 6.64 | 21.49% | ― | -15.95% | -12.10% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:0595 | 60Neutral | HKD 1.07B | 4.71 | 12.36% | 1.64% | 12.17% | 331.64% |
| HK:2166 | 59Neutral | HKD 1.84B | 3.81 | 34.04% | 5.74% | 120.16% | 263.85% |
| HK:0400 | 44Neutral | HKD 5.35B | 12.58 | 8.41% | ― | 81.43% | 65.90% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2166 | Smart-Core Holdings Ltd. | 3.31 | 1.53 | 85.51% | |
| HK:0856 | VSTECS Holdings Limited | 7.70 | -1.58 | -17.06% | |
| HK:0400 | Cogobuy Group | 3.27 | 0.44 | 15.72% | |
| HK:0595 | AV Concept Holdings Limited | 1.22 | 0.82 | 206.53% | |
| HK:2302 | CNNC International Limited | 2.53 | -3.34 | -56.90% | |
| HK:1362 | SiS Mobile Holdings Limited | 0.82 | 0.34 | 68.71% |
Smart-Core Holdings Ltd. Corporate Events
Smart-Core Holdings Delivers Surge in Interim Profit and Ups Dividend
Smart-Core Holdings Limited reported a sharp expansion in interim performance for the six months ended 30 June 2026, with group revenue surging 143.8% year on year to HK$6,818.3 million and gross profit climbing 152.0% to HK$408.9 million. Net profit...
Smart-Core Declares Interim Cash Dividend for First Half of 2026
Smart-Core Holdings Ltd. has declared an interim ordinary cash dividend of HKD 0.05 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The move underscores the company’s willingness to return cash t...
Smart-Core Sets August Board Meeting to Approve Interim Results and Consider Dividend
Smart-Core Holdings Ltd. has scheduled a board meeting for 25 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026, along with their publication. The board will also consider the payment of an interim...
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