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Winox Holdings Limited (6838) AI Stock Analysis
Winox Holdings Limited
(HKEX:6838)
The score is primarily held back by deteriorating profitability and recent losses (negative P/E), partially offset by a conservatively positioned, low-debt balance sheet and improved 2025 cash generation. Technically, the trend is positive, but very overbought momentum readings increase near-term reversal risk.
Winox Holdings Limited (6838) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 246.00M
- Dividend Yield
- ―
- Average Volume (3M)
- 348.35K
- Price to Earnings (P/E)
- -2.6
- Beta (1Y)
- 0.31
- Revenue Growth
- -47.19%
- EPS Growth
- -114.23%
- Country
- Hong Kong
- Employees
- 1,361
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Luxury Goods
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 mobi...
Winox Holdings Limited Financial Statement Overview
Summary
Overall financials are uneven. The balance sheet is a clear strength with low leverage and a sizable equity cushion, but income statement trends are weak with declining revenue and a shift into losses in 2024–2025. Cash flow improved in 2025 with positive operating and free cash flow, yet historical volatility (including negative years) reduces confidence in consistency.
Income Statement
32NegativeBalance Sheet
76PositiveCash Flow
55Neutral| 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 | -90.34M | -6.65M | 23.55M | 125.18M | 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 | 68.42M | 65.58M | -35.21M | 156.45M | 238.49M | -131.02M |
| Operating Cash Flow | 97.56M | 71.34M | -5.08M | 214.76M | 311.34M | -19.40M |
| Investing Cash Flow | 17.68M | -14.47M | -98.41M | -139.66M | -76.29M | -111.78M |
| Financing Cash Flow | -69.94M | -57.00M | -1.90M | -113.28M | -156.83M | 156.25M |
Winox Holdings Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6838, the sentiment is Positive. The current price of 0.41 is below the 20-day moving average (MA) of 0.42, above the 50-day MA of 0.33, and above the 200-day MA of 0.25, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 57.52 is Neutral, neither overbought nor oversold. The STOCH value of 50.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6838.
Winox Holdings Limited Peers Comparison
Overall Rating
HK:011680Outperform
HK:059076Outperform
HK:088775Outperform
HK:192959Neutral- HK:683852Neutral
HK:338938Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0116 | 80Outperform | HKD 8.28B | 2.85 | 19.31% | 8.69% | 16.22% | 151.59% |
| HK:0590 | 76Outperform | HKD 11.84B | 5.79 | 14.28% | 7.79% | 28.96% | 86.00% |
| HK:0887 | 75Outperform | HKD 1.81B | 3.16 | 9.96% | 8.16% | 8.83% | 109.28% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| HK:1929 | 59Neutral | HKD 108.63B | 11.97 | 33.61% | 6.09% | 5.29% | 53.87% |
| HK:6838 | 52Neutral | HKD 246.00M | -2.65 | -10.12% | ― | -47.19% | -114.23% |
| HK:3389 | 38Underperform | HKD 387.55M | -3.87 | -2.87% | 302.27% | -21.99% | -138.89% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:6838 | Winox Holdings Limited | 0.41 | 0.15 | 57.69% | |
| HK:0116 | Chow Sang Sang Holdings International | 12.32 | 0.22 | 1.79% | |
| HK:1929 | Chow Tai Fook Jewellery Group | 11.01 | -2.15 | -16.35% | |
| HK:0887 | Emperor Watch & Jewellery | 0.25 | -0.01 | -2.34% | |
| HK:3389 | Hengdeli Holdings | 0.09 | 0.05 | 137.84% | |
| HK:0590 | Luk Fook Holdings (International) | 20.16 | -1.60 | -7.35% |
Winox Holdings Limited Corporate Events
Winox Holdings Sells RMB15 Million of Old Manufacturing Equipment
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 regulato...
Winox Holdings Sells Old Dongguan Equipment in Discloseable Deal
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 Equipment...
Winox Hit by Slump in Consumer Electronics Demand as Interim Loss Widens
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 larger...
Winox Sets August Board Meeting to Approve Interim Results and Consider Dividend
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 cou...
Winox warns of sharply wider interim loss on weak demand and restructuring costs
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 de...
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