Win Hanverky Holdings Limited (3322) AI Stock Analysis

Win Hanverky Holdings Limited

(HKEX:3322)

Select Model

Rating:58Neutral

Price Target:HKD 0.20▲(4.21% Upside)

Action:reiterated

Date:09/17/26

Overall score is weighed down by weak profitability, declining sales, and an eroding equity base, with only moderate support from positive operating cash flow and manageable leverage; a modestly constructive technical setup and very low volatility help but do not offset the lack of attractive valuation or clear earnings guidance.

Positive Factors

Cash generationPositive operating and free cash flow provides internally generated liquidity to fund operations despite accounting losses. This supports resilience over the next several quarters, although the sharp FCF decline means the strength is not yet fully dependable.

Negative Factors

Revenue contractionThe renewed revenue decline signals inconsistent demand or customer activity and weakens the scale benefits available to the manufacturing platform. Continued contraction over the next several quarters could make it harder to absorb fixed costs and restore durable profitability.

Win Hanverky Holdings Limited (3322) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 250.46M
Dividend Yield: ―
Average Volume (3M): 141.46K
Price to Earnings (P/E): -1.8
Beta (1Y): 0.23
Revenue Growth: -16.20%
EPS Growth: -324.90%
Country: Hong Kong
Employees: 16,000
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Apparel - Manufacturers

Win Hanverky Holdings Limited Business Overview & Revenue Model

Company Description

Win Hanverky Holdings Limited, a subsidiary of Quinta Asia Limited, operates as a global enterprise primarily engaged in the manufacturing and distribution of sportswear, outerwear, fashion apparel, and related accessories. The company's reach extend...

Win Hanverky Holdings Limited Financial Statement Overview

Summary

Score reflects sharply declining revenue, compressed gross margins, persistent net losses, shrinking assets and equity, partially offset by positive and improving operating cash flow and moderate, stable leverage.

Income Statement

28Negative

Balance Sheet

52Neutral

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.31B	3.42B	3.97B	3.07B	4.08B	4.14B
Gross Profit	543.51M	592.90M	774.63M	504.14M	989.08M	998.99M
EBITDA	203.82M	177.23M	152.87M	-13.06M	378.22M	229.12M
Net Income	-133.72M	-183.19M	-68.44M	-375.29M	10.07M	-66.42M
Balance Sheet
Total Assets	2.47B	2.57B	2.70B	2.83B	3.47B	3.95B
Cash, Cash Equivalents and Short-Term Investments	377.12M	284.86M	250.32M	209.46M	370.49M	417.04M
Total Debt	596.88M	705.30M	689.84M	744.95M	1.06B	1.26B
Total Liabilities	1.25B	1.38B	1.35B	1.39B	1.61B	2.00B
Stockholders Equity	1.24B	1.20B	1.35B	1.46B	1.87B	1.96B
Cash Flow
Free Cash Flow	125.63M	105.33M	78.43M	209.39M	186.83M	-151.71M
Operating Cash Flow	165.64M	148.08M	122.93M	265.40M	243.70M	-73.64M
Investing Cash Flow	-59.00M	-60.28M	56.56M	42.53M	27.78M	-78.09M
Financing Cash Flow	-194.90M	-79.70M	-135.80M	-467.33M	-306.56M	-133.40M

Win Hanverky Holdings Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.19

Price Trends

50DMA0.20Negative

100DMA0.20Negative

200DMA0.20Negative

Market Momentum

MACD-0.00Positive

RSI41.13Neutral

STOCH27.13Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3322, the sentiment is Negative. The current price of 0.19 is below the 20-day moving average (MA) of 0.21, below the 50-day MA of 0.20, and below the 200-day MA of 0.20, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 41.13 is Neutral, neither overbought nor oversold. The STOCH value of 27.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3322.

Win Hanverky Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

HK:3322 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:1234	69Neutral	HKD 3.13B	5.55	11.18%	9.94%	20.57%	16.02%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
HK:2199	61Neutral	HKD 3.14B	11.15	9.33%	6.24%	-1.56%	53.99%
HK:3322	58Neutral	HKD 244.04M	-1.80	-10.95%	―	-16.20%	-324.90%
HK:0311	50Neutral	HKD 341.26M	4.04	6.65%	7.61%	0.41%	―
HK:0321	46Neutral	HKD 1.06B	6.58	3.28%	13.07%	-7.87%	38.45%
HK:1382	40Underperform	HKD 1.09B	13.34	2.83%	8.81%	-0.86%	-50.37%

* Consumer Cyclical Sector Average

Performance Comparison

HK:3322 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:3322	Win Hanverky Holdings Limited	0.19	-0.01	-5.00%
HK:1382	Pacific Textiles Holdings	0.80	-0.56	-41.29%
HK:0321	Texwa Holdings	0.77	0.07	9.29%
HK:0311	Luen Thai Holdings Limited	0.33	0.11	49.32%
HK:1234	China Lilang Ltd.	2.62	-0.50	-15.97%
HK:2199	Regina Miracle International (Holdings) Limited	2.56	0.67	35.57%

Win Hanverky Holdings Limited Corporate Events

Win Hanverky Returns to Operating Profit but Withholds Interim Dividend

Aug 20, 2026

Win Hanverky reported a 3.0% rise in interim revenue to HK$1.63 billion and a 6.9% increase in gross profit, with margin steady at 16.9%, as improved performance in fashion brands and licensing and a turnaround in sportswear manufacturing offset weak...

Win Hanverky Narrows First-Half Loss as Sportswear Unit Turns Profitable

Aug 11, 2026

Win Hanverky Holdings reported a sharp narrowing of its loss after tax to about HK$9 million for the six months ended 30 June 2026, from HK$56 million a year earlier, driven by stronger profitability in its fashion brands and licensing segment and a...

Win Hanverky Sets Board Meeting to Approve 2026 Interim Results and Consider Dividend

Aug 6, 2026

Win Hanverky Holdings Limited has scheduled a board meeting for 20 August 2026 to review and approve the interim financial results for the six months ended 30 June 2026, and to authorize their publication. The board will also consider declaring an in...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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: Sep 17, 2026

Win Hanverky Holdings Limited AI Stock Analysis