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New Concepts Holdings Ltd (2221) AI Stock Analysis
New Concepts Holdings Ltd
(HKEX:2221)
The score is held back mainly by weak and volatile profitability (return to losses, falling margins, negative ROE) despite improved cash generation and a less-stressed balance sheet. Technicals are mixed with a weak short-term trend, and valuation support is limited because the company is loss-making and no dividend yield is provided.
New Concepts Holdings Ltd (2221) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 140.58M
- Dividend Yield
- ―
- Average Volume (3M)
- 155.78K
- Price to Earnings (P/E)
- -2.1
- Beta (1Y)
- 0.58
- Revenue Growth
- -20.67%
- EPS Growth
- 37.35%
- Country
- Hong Kong
- Employees
- 280
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Engineering & Construction
New Concepts Holdings Ltd Business Overview & Revenue Model
Company Description
New Concepts Holdings Limited functions as an investment holding enterprise with core operations in the construction industry across both Hong Kong and Mainland China. The company's business is divided into two primary divisions: Construction Works a...
How the Company Makes Money
The company generates revenue predominantly through contractual agreements for foundation work, construction engineering, and project management services. New Concepts Holdings Ltd undertakes infrastructure-building projects that include excavation,...
New Concepts Holdings Ltd Financial Statement Overview
Summary
Despite a strong FY2025 revenue rebound (~36% YoY) and improved positive operating/free cash flow, profitability deteriorated sharply (gross margin down to ~6.3% and a sizable net loss with ~-8.7% net margin). Balance sheet leverage is moderate (D/E ~0.80) but declining equity and materially negative ROE (~-25%) indicate ongoing earnings pressure.
Income Statement
34NegativeBalance Sheet
46NeutralCash Flow
52Neutral| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 737.13M | 737.13M | 929.24M | 628.24M | 545.19M | 654.85M |
| Gross Profit | 83.85M | 83.85M | 58.99M | 61.09M | 53.56M | 82.80M |
| EBITDA | -6.97M | -15.31M | -48.97M | 73.86M | 23.18M | 78.98M |
| Net Income | -58.36M | -58.36M | -80.71M | 2.86M | -20.80M | 5.50M |
Balance Sheet | ||||||
| Total Assets | 1.04B | 1.04B | 1.21B | 1.10B | 1.03B | 812.60M |
| Cash, Cash Equivalents and Short-Term Investments | 33.30M | 33.30M | 115.17M | 37.32M | 134.54M | 117.46M |
| Total Debt | 276.15M | 276.15M | 254.30M | 204.50M | 218.87M | 80.75M |
| Total Liabilities | 644.28M | 644.28M | 833.93M | 637.59M | 626.99M | 573.16M |
| Stockholders Equity | 352.84M | 352.84M | 319.77M | 399.25M | 359.38M | 191.04M |
Cash Flow | ||||||
| Free Cash Flow | -21.87M | 0 | 20.16M | -53.94M | -252.41M | 86.19M |
| Operating Cash Flow | -21.87M | 0 | 36.14M | -33.75M | -14.14M | 102.70M |
| Investing Cash Flow | -40.76M | 0 | -60.86M | -49.57M | -263.89M | -9.04M |
| Financing Cash Flow | -6.61M | 0 | 102.69M | 5.03M | 307.58M | -43.76M |
New Concepts 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:2221, the sentiment is Negative. The current price of 0.60 is below the 20-day moving average (MA) of 0.62, below the 50-day MA of 0.61, and below the 200-day MA of 0.79, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 42.50 is Neutral, neither overbought nor oversold. The STOCH value of 61.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2221.
New Concepts Holdings Ltd Peers Comparison
Overall Rating
HK:841182Outperform
HK:162771Outperform
HK:190348Neutral- HK:222143Neutral
HK:226242Neutral
HK:040634Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:8411 | 82Outperform | HKD 159.52M | 13.24 | 26.35% | 5.63% | 126.12% | ― |
| HK:1627 | 71Outperform | HKD 730.00M | 2.33 | 15.75% | 8.96% | 15.16% | 25.81% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| HK:1903 | 48Neutral | HKD 992.50M | -897.11 | -0.44% | ― | 4.76% | -144.68% |
| HK:2221 | 43Neutral | HKD 142.92M | -2.14 | -16.86% | ― | -20.67% | 37.35% |
| HK:2262 | 42Neutral | HKD 370.96M | 31.25 | 3.68% | ― | 4.28% | 25.30% |
| HK:0406 | 34Underperform | HKD 216.84M | -1.07 | -15.28% | ― | 13.50% | -106.11% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2221 | New Concepts Holdings Ltd | 0.60 | -0.49 | -44.95% | |
| HK:0406 | Yau Lee Holdings Limited | 0.49 | -0.20 | -29.29% | |
| HK:1627 | Able Engineering Holdings Ltd. | 0.34 | -0.35 | -51.17% | |
| HK:1903 | JBB Builders International Ltd. | 1.90 | 0.11 | 6.15% | |
| HK:2262 | Steve Leung Design Group Limited | 0.33 | -0.78 | -70.45% | |
| HK:8411 | K W Nelson Interior Design and Contracting Group Limited | 0.16 | 0.09 | 138.81% |
New Concepts Holdings Ltd Corporate Events
New Concepts Holdings Calls EGM to Approve Finance Lease Deal
New Concepts Holdings Ltd has called an extraordinary general meeting for 31 August 2026 in Hong Kong, seeking shareholder approval for a finance lease arrangement and related documentation. The board is asking investors to endorse both the transacti...
New Concepts Holdings Delays Circular on Major Finance Lease Deal
New Concepts Holdings Ltd, a Cayman Islands-incorporated investment holding company listed on the Hong Kong Stock Exchange under stock code 2221, engages in finance lease-related activities and is overseen by a board that includes both executive and...
New Concepts Tightens Loan Controls After Independent Review Flags Deficiencies
New Concepts Holdings Limited has completed an independent internal control review following a discloseable transaction involving the provision of financial assistance. The company engaged PRO-WIS Risk Advisory Services as its consultant to assess it...
New Concepts Holdings Narrows Annual Loss Amid Revenue Decline and Rising Gearing
New Concepts Holdings reported a 20.7% year-on-year decline in revenue to HK$737.1 million for the year ended 31 March 2026, reflecting softer business volumes, but gross profit rose 42.1% to HK$83.9 million, indicating improved margins. The group na...
New Concepts Holdings Flags Narrowed Annual Loss on Stronger Construction Margin
New Concepts Holdings Limited has warned that it expects to post a reduced net loss attributable to shareholders of not more than HK$60 million for the year ended 31 March 2026, narrowing from a loss of about HK$80.7 million a year earlier. The impro...
New Concepts Updates Market on Chairman’s Role in China Water Winding-Up
New Concepts Holdings has disclosed an update on the personal regulatory information of its chairman and executive director, Zhu Yongjun, following a winding-up order issued against another listed company where he also serves as chairman. The move re...
New Concepts Holdings Sets June Board Meeting to Approve 2026 Annual Results
New Concepts Holdings Limited has scheduled a board meeting for 29 June 2026 to review and approve the annual results for the financial year ended 31 March 2026. The board will also consider whether to recommend a final dividend, a decision that coul...
New Concepts Holdings Restructures Major Finance Lease with Wanjiang Leasing
New Concepts Holdings has moved to replace a previous finance lease by arranging a new sale-and-leaseback of certain assets with Wanjiang Leasing, under which its subsidiary will sell leased assets for RMB70 million and lease them back over six years...
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: Mar 24, 2026