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Novacon Technology Group Ltd (8635) AI Stock Analysis
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Novacon Technology Group Ltd
(HKEX:8635)
Overall score reflects a cautious profile: improved profitability and a low-debt balance sheet are offset by sustained negative operating/free cash flow (the biggest risk) and a clearly weak price trend with the stock trading below key moving averages. Valuation is moderate but not enough to compensate for cash-flow and technical headwinds.
Novacon Technology Group Ltd (8635) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 124.80M
- Dividend Yield
- ―
- Average Volume (3M)
- 681.46K
- Price to Earnings (P/E)
- 16.0
- Beta (1Y)
- 0.63
- Revenue Growth
- 875.54%
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 57
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Application
Novacon Technology Group Ltd Business Overview & Revenue Model
Company Description
Elephant Holdings Group Ltd. functions as an investment vehicle, primarily focused on two key areas. The company delivers financial trading solutions and is also dedicated to developing and providing specialized software and associated services for r...
Novacon Technology Group Ltd Financial Statement Overview
Summary
Financials are mixed: earnings and revenue rebounded strongly in 2026 and leverage is low, but cash generation is a major concern with negative operating and free cash flow in 2024–2026 (including a large operating cash outflow in 2026), raising questions about earnings quality and funding needs.
Income Statement
58NeutralBalance Sheet
76PositiveCash Flow
33Negative| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 128.22M | 175.00M | 17.94M | 22.79M | 52.58M | 50.03M |
| Gross Profit | 7.51M | 18.16M | -678.00K | -6.45M | 16.15M | 18.31M |
| EBITDA | -5.28M | 16.88M | -12.49M | -14.73M | 15.33M | 21.06M |
| Net Income | -15.23M | 5.80M | -19.46M | -22.98M | 5.71M | 11.22M |
Balance Sheet | ||||||
| Total Assets | 160.50M | 160.50M | 70.05M | 115.39M | 137.38M | 129.63M |
| Cash, Cash Equivalents and Short-Term Investments | 11.66M | 11.08M | 18.23M | 44.42M | 61.41M | 58.19M |
| Total Debt | 4.57M | 4.57M | 0 | 0 | 504.00K | 0 |
| Total Liabilities | 58.38M | 58.38M | 8.47M | 9.05M | 7.66M | 4.83M |
| Stockholders Equity | 101.75M | 101.75M | 61.23M | 106.33M | 129.72M | 124.80M |
Cash Flow | ||||||
| Free Cash Flow | -48.95M | -38.01M | -10.54M | -24.43M | 7.02M | 3.61M |
| Operating Cash Flow | -48.38M | -37.04M | -6.83M | -17.89M | 12.43M | 8.80M |
| Investing Cash Flow | -2.11M | -4.37M | 6.59M | 1.54M | -8.02M | -5.07M |
| Financing Cash Flow | 37.84M | 33.27M | -25.80M | -804.00K | -1.18M | -11.78M |
Novacon Technology Group Ltd Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8635, the sentiment is Neutral. The current price of 0.26 is above the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.30, and below the 200-day MA of 0.34, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 45.72 is Neutral, neither overbought nor oversold. The STOCH value of 36.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:8635.
Novacon Technology Group Ltd Peers Comparison
Overall Rating
HK:053684Outperform
HK:026872Outperform- HK:863552Neutral
HK:167548Neutral
HK:661044Neutral
HK:201342Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0536 | 84Outperform | HKD 895.57M | 10.55 | 22.37% | 9.03% | 7.71% | 2.01% |
| HK:0268 | 72Outperform | HKD 29.85B | 103.84 | 3.02% | ― | 16.98% | ― |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:8635 | 52Neutral | HKD 141.18M | 16.03 | 9.10% | ― | 875.54% | ― |
| HK:1675 | 48Neutral | HKD 2.98B | -13.45 | -2.55% | 1.70% | -2.82% | -152.77% |
| HK:6610 | 44Neutral | HKD 100.55M | -0.31 | -23.42% | ― | -30.67% | 8.70% |
| HK:2013 | 42Neutral | HKD 2.70B | -6.31 | -13.18% | ― | 40.17% | 76.39% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:8635 | Novacon Technology Group Ltd | 0.26 | -1.27 | -83.01% | |
| HK:0268 | Kingdee International Software Group Co | 8.51 | -6.60 | -43.68% | |
| HK:2013 | Weimob | 0.66 | -1.64 | -71.30% | |
| HK:0536 | Tradelink Electronic Commerce Limited | 1.13 | 0.18 | 19.43% | |
| HK:1675 | AsiaInfo Technologies Limited | 3.17 | -5.79 | -64.64% | |
| HK:6610 | Flowing Cloud Technology Ltd. | 0.78 | -1.98 | -71.74% |
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 30, 2026