Want to see HK:6838 full AI Analyst Report?
Top Page
Winox Holdings Limited
(6838)
Select Model
Select Model
Rating:48Neutral
Price Target:
HK$0.23
â–¼(-12.31% Downside)
Action:Reiterated
Date:09/10/26
The score is held down primarily by weakening financial performance (revenue declines, margin compression, and a shift into losses), with only partial support from a very low-debt balance sheet and improved 2025 cash flow. Technicals show some near-term momentum but the stock remains below key longer-term moving averages. Valuation is constrained by loss-making results (negative P/E) and no dividend yield data.
Positive Factors
Very low leverage
Very low leverage and substantial equity relative to assets provide a meaningful financial cushion while the business absorbs operating volatility. This conservative capital structure can preserve flexibility to fund essential investment and withstand weaker trading conditions without relying heavily on additional borrowing.
Negative Factors
Sharp revenue contraction
A steep revenue decline directly weakens operating scale and makes fixed costs harder to absorb, increasing pressure on profitability. Continued contraction would also limit reinvestment capacity and suggest that the company is losing market demand or share over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Very low leverage and substantial equity relative to assets provide a meaningful financial cushion while the business absorbs operating volatility. This conservative capital structure can preserve flexibility to fund essential investment and withstand weaker trading conditions without relying heavily on additional borrowing.
Read all positive factors
Winox Holdings Limited (6838) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$138.00M
Dividend Yield4.81%
Average Volume (3M)80.73K
Price to Earnings (P/E)―
Beta (1Y)0.11
Revenue Growth-47.19%
EPS Growth-114.23%
CountryHK
Employees1,361
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)-0.15
Shares Outstanding600,000,000
10 Day Avg. Volume80,600
30 Day Avg. Volume80,733
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.18
Price to Sales (P/S)0.30
P/FCF Ratio2.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Winox Holdings Limited Business Overview & Revenue Model
Company Description
Winox Holdings Limited operates as an investment holding company, primarily focused on the design, manufacturing, and distribution of stainless steel products. Its extensive product range includes watch components, protective cases and parts for m...
Winox Holdings Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
76
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 361.06M | 533.34M | 681.68M | 774.73M | 1.15B | 1.39B |
| Gross Profit | 36.28M | 74.61M | 109.44M | 224.29M | 305.58M | 297.10M |
| EBITDA | -58.15M | -10.51M | 22.40M | 120.74M | 160.25M | 132.86M |
| Net Income | -93.04M | -61.48M | -20.33M | 63.73M | 112.40M | 94.42M |
Balance Sheet | ||||||
| Total Assets | 985.50M | 1.01B | 1.17B | 1.19B | 1.32B | 1.61B |
| Cash, Cash Equivalents and Short-Term Investments | 220.33M | 196.97M | 222.25M | 317.16M | 270.79M | 207.00M |
| Total Debt | 3.67M | 22.07M | 71.09M | 55.36M | 122.42M | 267.87M |
| Total Liabilities | 72.27M | 89.42M | 227.01M | 184.10M | 304.11M | 608.99M |
| Stockholders Equity | 913.23M | 925.30M | 942.74M | 1.01B | 1.01B | 1.00B |
Cash Flow | ||||||
| Free Cash Flow | 54.37M | 65.58M | -35.21M | 156.45M | 238.49M | -131.02M |
| Operating Cash Flow | 72.90M | 71.34M | -5.08M | 214.76M | 311.34M | -19.40M |
| Investing Cash Flow | -16.22M | -14.47M | -98.41M | -139.66M | -76.29M | -111.78M |
| Financing Cash Flow | -59.34M | -57.00M | -1.90M | -113.28M | -156.83M | 156.25M |
Winox Holdings Limited Technical Analysis
Negative
0.26
Price Trends
0.23
Negative
0.24
Negative
0.24
Negative
Market Momentum
<0.01
Negative
42.36
Neutral
21.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6838, the sentiment is Negative. The current price of 0.26 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.23, and above the 200-day MA of 0.24, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 42.36 is Neutral, neither overbought nor oversold. The STOCH value of 21.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6838.
Winox Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$2.18B | 3.79 | 9.96% | 6.80% | 8.83% | 109.28% | |
76 Outperform | HK$9.24B | 3.05 | 19.31% | 8.13% | 16.22% | 151.59% | |
69 Neutral | HK$12.75B | 6.15 | 14.28% | 7.34% | 28.96% | 86.00% | |
68 Neutral | HK$119.78B | 12.98 | 33.61% | 5.61% | 5.29% | 53.87% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$1.45B | -14.04 | -2.86% | 12.82% | -21.99% | -138.89% | |
48 Neutral | HK$138.00M | -1.43 | -10.12% | 4.81% | -47.19% | -114.23% |
* Consumer Cyclical Sector Average
HK:6838
Winox Holdings Limited
0.22
-0.05
-17.78%
HK:0116
Chow Sang Sang Holdings International
13.16
-0.15
-1.10%
HK:1929
Chow Tai Fook Jewellery Group
11.94
-3.67
-23.49%
HK:0887
Emperor Watch & Jewellery
0.30
0.03
9.49%
HK:3389
Hengdeli Holdings
0.32
0.19
150.00%
HK:0590
Luk Fook Holdings (International)
21.40
-4.34
-16.87%
Winox Holdings Limited Corporate Events
Winox Holdings Sells RMB15 Million of Old Manufacturing Equipment
Sep 10, 2026
Winox Holdings Limited has moved to streamline its manufacturing asset base through subsidiary Huizhou Fengcai Precious Metal Manufacturing, which operates in precision metal processing and relies on industrial equipment ranging from voltage regul...
Winox Holdings Sells Old Dongguan Equipment in Discloseable Deal
Sep 4, 2026
Winox Holdings Limited has executed two sale and purchase agreements dated 7 January 2026 for the disposal of old manufacturing equipment held by its Dongguan-based subsidiaries. The buyer in both transactions is Kunshan Huayihui Machinery Equipme...
Winox Hit by Slump in Consumer Electronics Demand as Interim Loss Widens
Aug 26, 2026
Winox Holdings reported a sharp deterioration in its 2026 interim results as global macroeconomic headwinds and weaker mass luxury demand cut group revenue by 53.1% to HK$151.95 million and slashed gross profit by 66.7%. The company swung to a lar...
Winox Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 11, 2026
Winox Holdings Limited has scheduled a board meeting for 26 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend for 2026, a decision that ...
Winox warns of sharply wider interim loss on weak demand and restructuring costs
Aug 10, 2026
Winox Holdings Limited has warned that it expects to post a substantial loss for the six months ended 30 June 2026, with the group projecting a deficit of between HK$45 million and HK$50 million versus a loss of HK$13.8 million a year earlier. The...
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.