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E Lighting Group Holdings Ltd (8222) AI Stock Analysis

HK:8222

E Lighting Group Holdings Ltd

(HKEX:8222)

Select Model
Rating:49Neutral
Price Target:HKD 0.03â–¼(-47.69% Downside)
Action:reiterated
Date:03/04/26

The score is held down mainly by weak financial performance (losses, declining revenue, and high leverage). Technicals add some support due to price strength and a positive MACD, but the extremely overbought RSI signals elevated reversal risk. Valuation is also constrained because the company is loss-making and no dividend yield is provided.

Positive Factors
Free cash flow generationThe company reports positive free cash flow growth and a high free-cash-flow-to-net-income ratio. Durable FCF supports operations, funds working capital or debt service without immediate equity raises, and provides a cushion to navigate restructuring or investment decisions over months.
Negative Factors
High financial leverageA debt-to-equity ratio near 3x creates persistent interest expense and refinancing risk, constraining strategic flexibility. High leverage magnifies downside from revenue weakness and increases the probability of covenant stress or costly funding needs within the medium term.

E Lighting Group Holdings Ltd (8222) vs. iShares MSCI Hong Kong ETF (EWH)

-25%0%25%50%75%100%125%HK:8222+66.67%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 29.32M
Dividend Yield
―
Average Volume (3M)
233.83K
Price to Earnings (P/E)
8.9
Beta (1Y)
-0.04
Revenue Growth
-1.75%
EPS Growth
―
Country
Hong Kong
Employees
37
Sector
Consumer Cyclical
Sector Strength
61
Industry
Furnishings, Fixtures & Appliances

E Lighting Group Holdings Ltd Business Overview & Revenue Model

Company Description

E Lighting Group Holdings Limited, together with its subsidiaries, engages in the retail sale of lighting, designer label furniture, and household products in Hong Kong. It operates through Lighting and Furniture Business; and Tableware, Giftware and...

How the Company Makes Money

null

E Lighting Group Holdings Ltd Financial Statement Overview

Summary

Weak fundamentals driven by declining revenue, negative margins and ongoing losses, plus high leverage (debt-to-equity 2.92) and negative ROE. Cash flow is a relative bright spot with positive free cash flow dynamics, but not enough to offset profitability and balance-sheet risk.

Income Statement

45Neutral

Balance Sheet

40Negative

Cash Flow

60Neutral
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue83.91M68.52M69.74M74.35M78.93M83.89M
Gross Profit41.08M33.99M35.35M39.15M42.31M46.24M
EBITDA11.51M9.88M4.53M6.15M10.52M15.91M
Net Income-4.72M3.27M-4.67M-11.51M-6.84M2.40M
Balance Sheet
Total Assets23.30M23.30M24.49M31.25M49.60M54.35M
Cash, Cash Equivalents and Short-Term Investments11.39M6.34M5.39M5.89M9.94M13.86M
Total Debt7.40M7.40M11.75M14.29M21.60M20.35M
Total Liabilities16.02M16.02M20.47M22.56M29.40M27.30M
Stockholders Equity7.29M7.29M4.02M8.69M20.20M27.05M
Cash Flow
Free Cash Flow9.72M014.82M13.52M12.49M11.14M
Operating Cash Flow9.72M014.82M13.57M13.10M11.70M
Investing Cash Flow-5,5000-3,000-46.00K-615.00K-557.00K
Financing Cash Flow-8.97M0-15.32M-17.57M-16.41M-14.84M

E Lighting Group Holdings Ltd Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.07

Price Trends

50DMA0.06Negative
100DMA0.06Positive
200DMA0.05Positive

Market Momentum

MACD-0.00Positive
RSI48.56Neutral
STOCH33.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8222, the sentiment is Neutral. The current price of 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 48.56 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:8222.

E Lighting Group Holdings Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:8222 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
HK:0229HK:022951NeutralHKD 355.94M104.840.51%5.63%-3.83%-93.40%
HK:8222HK:822249NeutralHKD 29.32M8.9045.89%―-1.75%―
HK:2381HK:238148NeutralHKD 590.00M-86.76-5.44%2.79%-30.25%-125.95%
HK:2222HK:222246NeutralHKD 294.22M-16.07-0.49%―4.73%76.27%
HK:1715HK:171541NeutralHKD 135.28M-2.77-89.30%―15.42%29.14%

* Consumer Cyclical Sector Average

Performance Comparison

0%100%200%HK:8222HK:0229HK:1715HK:2222HK:2381HK:2619Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:8222 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:8222E Lighting Group Holdings Ltd0.070.0366.67%
HK:0229Raymond Industrial Limited0.71-0.20-21.72%
HK:1715Miji International Holdings Limited0.38-0.14-26.47%
HK:2222NVC International Holdings Ltd.0.58-0.14-19.44%
HK:2381SMC Electric Limited0.290.18156.52%
HK:2619X.J. Electrics (Hu Bei) Co., Ltd Class H1.05-0.82-43.64%
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: Mar 04, 2026