GL-Carlink Technology Holding Limited (2531) AI Stock Analysis

• Market Cap: HK$3.85B
• Dividend Yield: N/A
• Average Volume (3M): 139.60K
• Price to Earnings (P/E): 79.6
• Beta (1Y): 1.05
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 247
• Sector: Technology
• Sector Strength: 88
• Industry: Auto - Parts
• EPS (TTM): N/A
• Shares Outstanding: 366,600,000
• 10 Day Avg. Volume: 83,750
• 30 Day Avg. Volume: 139,600
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$12.50
• Price Target Upside: 15.85% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• Price Target: HK$12.50 ▲(15.85% Upside)

The overall stock score of 56 reflects a mix of strong financial performance, particularly in revenue growth and balance sheet stability, but is offset by poor cash flow management and high valuation concerns. Technical indicators suggest a lack of strong momentum, further contributing to a cautious outlook.

GL-Carlink Technology Holding Limited Business Overview & Revenue Model

Company Description

GL-Carlink Technology Holding Limited engages in the wholesale and retail sale of in-vehicle hardware products to the automotive aftermarket industry in the People's Republic of China. It offers in-vehicle infotainment systems, such as smart car GPS navigations and smart car central control screens; in-vehicle safety systems, including smart car dash cameras and smart car rear-view mirrors, and related car modules; and core boards. The company also provides software-as-a-service (SaaS) marketing and management services comprising SaaS subscription and SaaS value-added services. It serves sales, service, spare parts, and surveys (4S) stores; channel partners; automotive financing and leasing companies; and in-vehicle device original brand manufacturers. The company was founded in 2012 and is headquartered in Shenzhen, the People's Republic of China.

How the Company Makes Money

GL-Carlink Technology Holding Limited generates revenue primarily through the sale and licensing of its automotive connectivity solutions and services. The company offers telematics systems that enable real-time data exchange between vehicles and external networks, providing valuable insights for both consumers and automotive manufacturers. Revenue streams include product sales, subscription-based services, and partnerships with automotive manufacturers and technology providers. These collaborations help integrate GL-Carlink's technologies into vehicles, further expanding its market reach and enhancing its revenue potential.

GL-Carlink Technology Holding Limited Financial Statement Overview

Summary

Strong revenue growth and balance sheet stability with low leverage are key positives. However, the decline in net profit margin and absence of cash flow generation in 2024 highlight significant areas for improvement.

Income Statement

The company shows impressive revenue growth with a 24.9% increase from 2023 to 2024. Gross profit margin has improved from 44.9% in 2023 to 62.4% in 2024, indicating better cost management. However, the net profit margin slightly decreased from 9.1% to 6.3%, suggesting increased expenses. EBIT and EBITDA margins for 2024 are 6.0% and 6.8%, respectively, reflecting operational efficiency but also room for improvement in profitability.

Balance Sheet

The company maintains a strong balance sheet with a debt-to-equity ratio of 0.07, indicating low leverage and financial stability. The equity ratio improved to 72.6%, showing robust equity financing. Return on equity is stable at 6.7% in 2024, reflecting consistent shareholder returns. The company's high cash reserves also buffer against potential financial risks.

Cash Flow

Cash flow metrics are concerning due to zero reported operating and free cash flow in 2024, which raises questions about cash generation efficiency. However, the company had positive operating cash flow in 2023. The lack of free cash flow growth indicates potential challenges in cash management or capital allocation.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	700.42M	560.57M	413.86M	326.77M
Gross Profit	437.36M	251.78M	173.19M	94.68M
EBITDA	56.91M	75.11M	65.51M	49.22M
Net Income	44.44M	51.13M	44.15M	31.83M
Balance Sheet
Total Assets	907.75M	565.85M	561.98M	518.52M
Cash, Cash Equivalents and Short-Term Investments	456.25M	315.55M	297.27M	177.90M
Total Debt	46.08M	46.17M	39.93M	40.70M
Total Liabilities	248.53M	200.54M	250.56M	241.60M
Stockholders Equity	659.40M	365.41M	306.73M	273.17M
Cash Flow
Free Cash Flow	40.77M	10.13M	15.06M	46.11M
Operating Cash Flow	45.25M	26.12M	30.28M	57.59M
Investing Cash Flow	-37.76M	-11.80M	80.99M	-36.73M
Financing Cash Flow	245.55M	4.68M	-18.20M	6.28M

GL-Carlink Technology Holding Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.79
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2531, the sentiment is Negative. The current price of 10.79 is below the 20-day moving average (MA) of 11.64, below the 50-day MA of 12.06, and below the 200-day MA of 20.24, indicating a bearish trend. The MACD of -0.46 indicates Positive momentum. The RSI at 41.28 is Neutral, neither overbought nor oversold. The STOCH value of 22.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2531.

GL-Carlink Technology Holding Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1571	82 Outperform	4.26B	8.17	16.15%	12.69%	-3.80%	-27.62%
1809	75 Outperform	4.54B	4.16	20.05%	9.29%	2.85%	-33.83%
1760	61 Neutral	1.90B	10.95	8.41%	3.73%	13.35%	-38.32%
2531	56 Neutral	HK$3.85B	79.56	8.35%	―	―	―
6830	54 Neutral	477.68M	8.94	3.02%	1.18%	14.93%	19.84%
6162	50 Neutral	468.00M	-1,205.00	0.79%	―	23.71%	-112.50%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

GL-Carlink Technology Holding Limited Corporate Events

GL-Carlink Technology Reports Stable Interim Results Amid Revenue Dip

GL-Carlink Technology Holding Limited reported its unaudited consolidated interim results for the six months ended June 30, 2025, showing a slight decline in revenue by 1.70% compared to the previous year, but a significant increase in gross profit by 21.94%. The company’s profit for the period rose marginally by 1.11%, indicating stable financial performance amidst a challenging market environment. The announcement highlights the company’s ability to maintain profitability and improve gross margins despite a slight drop in revenue, which may positively impact its market positioning and stakeholder confidence.

The most recent analyst rating on (HK:2531) stock is a Hold with a HK$12.50 price target. To see the full list of analyst forecasts on GL-Carlink Technology Holding Limited stock, see the HK:2531 Stock Forecast page.

GL-Carlink Technology Schedules Board Meeting for Financial Review

GL-Carlink Technology Holding Limited has announced that its Board of Directors will meet on August 29, 2025, to review and approve the unaudited financial results for the first half of the year ending June 30, 2025. The meeting will also consider the potential declaration of an interim dividend, highlighting the company’s ongoing financial management and shareholder engagement.

GL-Carlink Technology Unveils Strategic Cryptocurrency Investment Initiative

GL-Carlink Technology Holding Limited has announced a strategic initiative to invest in cryptocurrency assets, leveraging the potential growth in the virtual asset trading market and tokenization of Real World Assets (RWA). The company plans to establish Hong Kong’s premier ICV Assets RWA Service Platform and design innovative applications integrating stablecoin, RWA, and smart mobility. This strategy aims to transition the company from a vehicle data asset operator to an RWA digital financial services provider, enhancing asset liquidity and unlocking a second growth curve. In support of this initiative, GL-Carlink has entered into a strategic partnership with High West Capital Partners Limited, participating in their Bitcoin Treasury Acceleration Program with an initial funding of HK$1 billion.

GL-Carlink Technology Unanimously Passes AGM Resolutions

GL-Carlink Technology Holding Limited announced the results of its Annual General Meeting held on June 18, 2025, where all proposed resolutions were unanimously approved by shareholders. These resolutions included the adoption of financial statements, re-election of directors, and granting mandates for share repurchase and issuance, indicating strong shareholder support and stability in the company’s governance.