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Brainhole Technology Limited (2203) AI Stock Analysis
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Brainhole Technology Limited
(HKEX:2203)
The score is held down primarily by weak financial performance—sharp revenue contraction, deeply negative operating profitability, and a stressed balance sheet with negative equity and high debt. Technicals are somewhat supportive in the short term (price above 20/50-day averages with positive MACD) but look stretched (high RSI) and not yet positive versus the 200-day trend. Valuation is only moderately attractive (P/E ~12.8) and does not offset the elevated fundamental risk.
Brainhole Technology Limited (2203) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 120.00M
- Dividend Yield
- ―
- Average Volume (3M)
- 315.19K
- Price to Earnings (P/E)
- 12.0
- Beta (1Y)
- 0.90
- Revenue Growth
- -57.54%
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 58
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Semiconductors
Brainhole Technology Limited Business Overview & Revenue Model
Company Description
Brainhole Technology Limited, an investment holding company, engages in the assembly, packaging, and sale of discrete semiconductors primarily for smart consumer electronic devices in the People’s Republic of China, Hong Kong, Korea, rest of Asia, Eu...
Brainhole Technology Limited Financial Statement Overview
Summary
Fundamentals are weak: TTM revenue fell sharply (-30.8%) and operating profitability is deeply negative (about -91% operating margin). The balance sheet is the biggest concern with negative shareholder equity and high debt relative to assets, raising solvency/refinancing risk. Cash flow improved to positive in TTM (positive operating and free cash flow), but consistency and coverage versus debt remain concerns.
Income Statement
22NegativeBalance Sheet
18Very NegativeCash Flow
44Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.59M | 82.46M | 119.99M | 220.81M | 263.57M | 321.57M |
| Gross Profit | 8.98M | 13.07M | -6.45M | 27.63M | 48.54M | 54.11M |
| EBITDA | -33.89M | -34.11M | -88.09M | -18.99M | -34.46M | -19.62M |
| Net Income | 1.09M | -34.52M | -127.88M | -34.12M | -57.61M | -51.55M |
Balance Sheet | ||||||
| Total Assets | 141.50M | 118.98M | 152.74M | 279.20M | 333.42M | 353.63M |
| Cash, Cash Equivalents and Short-Term Investments | 89.31M | 70.74M | 74.80M | 111.75M | 107.92M | 42.64M |
| Total Debt | 160.99M | 170.84M | 163.71M | 138.78M | 147.44M | 84.93M |
| Total Liabilities | 204.87M | 210.71M | 211.81M | 212.43M | 231.84M | 211.31M |
| Stockholders Equity | -63.37M | -91.73M | -59.07M | 66.76M | 101.58M | 142.32M |
Cash Flow | ||||||
| Free Cash Flow | 11.44M | -14.21M | -39.49M | 27.21M | -113.92M | -4.96M |
| Operating Cash Flow | 6.57M | -14.11M | -38.96M | 32.19M | -106.08M | -535.00K |
| Investing Cash Flow | -3.77M | 6.78M | 4.23M | 6.00M | 11.45M | 1.48M |
| Financing Cash Flow | -14.56M | -3.64M | 19.45M | -20.10M | 76.53M | -31.00M |
Brainhole Technology Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2203, the sentiment is Positive. The current price of 0.15 is below the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.14, and below the 200-day MA of 0.17, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 53.62 is Neutral, neither overbought nor oversold. The STOCH value of 47.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2203.
Brainhole Technology Limited Peers Comparison
Overall Rating
HK:138558Neutral
HK:134754Neutral
HK:098148Neutral- HK:220347Neutral
HK:287846Neutral
HK:253337Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:1385 | 58Neutral | HKD 35.24B | 39.11 | 14.45% | 0.31% | 21.04% | 115.77% |
| HK:1347 | 54Neutral | HKD 155.75B | 133.18 | 1.53% | ― | 24.54% | 276.41% |
| HK:0981 | 48Neutral | HKD 549.17B | 115.82 | 4.64% | ― | 19.55% | 75.30% |
| HK:2203 | 47Neutral | HKD 117.60M | 12.05 | -6.84% | ― | -57.54% | ― |
| HK:2878 | 46Neutral | HKD 514.54M | -16.41 | -2.79% | ― | -6.32% | -159.42% |
| HK:2533 | 37Underperform | HKD 4.73B | -2.56 | -109.17% | ― | ― | ― |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2203 | Brainhole Technology Limited | 0.15 | -0.08 | -36.09% | |
| HK:1385 | Shanghai Fudan Microelectronics Group Co Class H | 21.62 | -20.56 | -48.74% | |
| HK:0981 | Semiconductor Manufacturing International Corp | 42.98 | -29.87 | -41.00% | |
| HK:2878 | Solomon Systech (International) Ltd. | 0.21 | -0.28 | -57.96% | |
| HK:1347 | Hua Hong Semiconductor Ltd. | 60.70 | -16.25 | -21.12% | |
| HK:2533 | Black Sesame International Holding Limited | 6.83 | -17.27 | -71.64% |
Brainhole Technology Limited Corporate Events
Brainhole Technology Exits Marvell Stake in Discloseable Share Disposal
Brainhole Technology Limited has completed a further disposal of shares in Marvell, a leading data infrastructure semiconductor solutions provider, selling 2,580 shares in the open market for about US$0.7 million and fully exiting its position. The a...
Brainhole Technology Exits Bloom Energy Stake With US$0.75 Million Disposal Gain
Brainhole Technology Limited has sold its entire holding of 2,920 Bloom Energy shares on the open market, raising about US$0.75 million in cash and fully exiting the position. The disposal, classified as a discloseable transaction under Hong Kong lis...
Brainhole Technology Tightens Controls After Listing Rule Breaches
Brainhole Technology Limited has disclosed past breaches of Hong Kong Listing Rules linked to acquisitions and disposals of listed securities that were not properly classified and announced as notifiable transactions. The lapses stemmed from misinter...
Brainhole Technology Swings to Interim Profit Despite Revenue Slump
Brainhole Technology Limited reported a sharp drop in revenue to HK$7.5 million for the six months ended 30 June 2026, from HK$52.2 million a year earlier, but managed to turn around its bottom line. The group posted a profit of HK$18.0 million versu...
Brainhole Technology Exits Jiaxin Stake in HK$14.7 Million Disposal
Brainhole Technology Limited has disposed of its entire remaining stake in Jiaxin, selling 150,000 Jiaxin Shares on 27 August 2026 via the open market for approximately HK$9.65 million in cash, at an average price of about HK$64.32 per share. Followi...
Brainhole Technology Sets Board Meeting to Review Interim Results and Dividend
Brainhole Technology Limited has scheduled a board meeting for 27 August 2026 to review and approve its unaudited consolidated interim results for the six months ended 30 June 2026. The board will also consider declaring and paying an interim dividen...
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 06, 2026