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National Electronics Holdings Limited logo

National Electronics Holdings Limited

0213.HK

HKSEConsumer CyclicalPersonal Products & Services

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Latest quote

HK$0.35

HK$0.00 · 0.00%

Aug 20, 1:51 PM HKT

0213.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

National Electronics Holdings Limited, an investment holding company, manufactures, assembles, and sells electronic watches and watch parts in the People's Republic of China, Hong Kong, North America, Europe, and internationally. It operates through the Manufacture of Watches and Trading of Watch Movements; Residential and Other Property Development and Investment; and Commercial Property Investment segments. The company is also involved in the trading of watch movements, watch parts, and electronic products; and the investment, development, management, leasing, and sale of residential, commercial, and other properties. In addition, it manufactures and sells metal and plastic products, and liquid crystal display and quartz analogue watches, as well as electronic products; develops and sells hybrid, smart watches, and wearables; and provides inspection and liaison services. The company was incorporated in 1989 and is based in Central, Hong Kong.

Industry
Personal Products & Services
Sector
Consumer Cyclical
Headquarters
HK
CEO
Bon Chi Lee
Listed since
Jan 1, 1989
Employees
170

Market position

Day range

Current HK$0.35

52-week range

Current HK$0.35

Open
HK$0.345
Previous close
HK$0.35
Volume
225.98K
7.99× average
Average volume
28.28K
Average daily volume
Market cap
319.42M HKD
Beta
-0.16
Market reference 1
50-day average
HK$0.3538
-1.07% below average
200-day average
HK$0.3701
-5.44% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.94B HKD
P/E (TTM)
7.76×
P/B (TTM)
0.12×
P/S (TTM)
0.08×
EV / EBITDA
-55.13×
Earnings yield
11.42%
Free cash flow yield
692.08%
Dividend yield
1.43%

Profitability & efficiency

Gross margin
6.07%
Operating margin
-1.72%
Net margin
1.02%
Return on equity
1.56%
Return on assets
0.67%
Return on invested capital
-1.10%

Financial health

Debt / equity
1.22×
Current ratio
1.35×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends28%16%4%-8%Gross margin, FY2021: 12.64%Gross margin, FY2022: 21.50%Gross margin, FY2023: 20.91%Gross margin, FY2024: 25.29%Gross margin, FY2025: 6.07%Operating margin, FY2021: -5.13%Operating margin, FY2022: -4.40%Operating margin, FY2023: 2.42%Operating margin, FY2024: 3.99%Operating margin, FY2025: -1.72%Net margin, FY2021: 13.15%Net margin, FY2022: 9.75%Net margin, FY2023: 7.11%Net margin, FY2024: 18.69%Net margin, FY2025: 1.02%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 12.64%. Gross margin FY2022 21.50%. Gross margin FY2023 20.91%. Gross margin FY2024 25.29%. Gross margin FY2025 6.07%. Operating margin FY2021 -5.13%. Operating margin FY2022 -4.40%. Operating margin FY2023 2.42%. Operating margin FY2024 3.99%. Operating margin FY2025 -1.72%. Net margin FY2021 13.15%. Net margin FY2022 9.75%. Net margin FY2023 7.11%. Net margin FY2024 18.69%. Net margin FY2025 1.02%.

Income trends

Revenue

4.05B HKD+705.99%

Operating income

−69.45M HKD−89.52M HKD

Net income

41.29M HKD-56.03%
Income trends across reported periods4.46B HKD2.81B HKD1.17B HKD−481.25M HKDRevenue, FY2021: 694.56M HKDRevenue, FY2022: 501.31M HKDRevenue, FY2023: 578.22M HKDRevenue, FY2024: 502.31M HKDRevenue, FY2025: 4.05B HKDOperating income, FY2021: −35.66M HKDOperating income, FY2022: −22.06M HKDOperating income, FY2023: 13.98M HKDOperating income, FY2024: 20.07M HKDOperating income, FY2025: −69.45M HKDNet income, FY2021: 91.36M HKDNet income, FY2022: 48.87M HKDNet income, FY2023: 41.13M HKDNet income, FY2024: 93.9M HKDNet income, FY2025: 41.29M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 694.56M HKD. Revenue FY2022 501.31M HKD. Revenue FY2023 578.22M HKD. Revenue FY2024 502.31M HKD. Revenue FY2025 4.05B HKD. Operating income FY2021 −35.66M HKD. Operating income FY2022 −22.06M HKD. Operating income FY2023 13.98M HKD. Operating income FY2024 20.07M HKD. Operating income FY2025 −69.45M HKD. Net income FY2021 91.36M HKD. Net income FY2022 48.87M HKD. Net income FY2023 41.13M HKD. Net income FY2024 93.9M HKD. Net income FY2025 41.29M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue4.05B HKD502.31M HKD578.22M HKD501.31M HKD694.56M HKD
Cost of goods sold3.8B HKD375.28M HKD457.3M HKD393.51M HKD606.74M HKD
Gross profit245.56M HKD127.02M HKD120.93M HKD107.8M HKD87.82M HKD
Selling, general, and administrative315.01M HKD106.96M HKD106.95M HKD179M HKD123.49M HKD
Operating expenses315.01M HKD106.96M HKD106.95M HKD129.86M HKD123.49M HKD
Interest income9.86M HKD15.12M HKD17.94M HKD12.48M HKD3.87M HKD
Interest expense153.9M HKD202.35M HKD213.3M HKD140.27M HKD74.85M HKD
Depreciation and amortization16.06M HKD18.3M HKD24.95M HKD31.67M HKD34.63M HKD
Operating income−69.45M HKD20.07M HKD13.98M HKD−22.06M HKD−35.66M HKD
Net income41.29M HKD93.9M HKD41.13M HKD48.87M HKD91.36M HKD

Company facts updated Aug 25, 2026.

Earnings

Latest EPS result
0.03

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.110.080.050.02Q3 '21Q1 '22Q3 '22Q2 '23Q4 '23Q2 '24Q4 '24Q3 '25
Q3 2021, reported Sep 30, 2021: actual 0.066, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual 0.028, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Sep 30, 2022: actual 0.023, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 28, 2023: actual 0.03, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 30, 2023: actual 0.022, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 29, 2024: actual 0.023, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 26, 2024: actual 0.023, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 0.026, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates389.08M332.74M276.4M220.06MQ3 '21Q1 '22Q3 '22Q2 '23Q4 '23Q2 '24Q4 '24Q3 '25
Q3 2021, reported Sep 30, 2021: actual 374.12M HKD, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual 320.44M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Sep 30, 2022: actual 266.29M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 28, 2023: actual 235.02M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 30, 2023: actual 269.38M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 29, 2024: actual 308.84M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 26, 2024: actual 251.42M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 285.18M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.035

2022 complete year0.0% since 2018

Corporate action history

DividendUpcoming

Ex-dividend Sep 2, 2026

HK$0.012

Annual

Record Sep 4, 2026 · Payment Sep 22, 2026

Dividend

Ex-dividend Aug 29, 2025

HK$0.005

Annual

Record Sep 2, 2025 · Payment Sep 17, 2025

Dividend

Ex-dividend Aug 29, 2024

HK$0.012

Annual

Record Sep 2, 2024 · Payment Sep 17, 2024

Dividend

Ex-dividend Sep 4, 2023

HK$0.018

Annual

Record Sep 5, 2023 · Payment Sep 20, 2023

Dividend

Ex-dividend Dec 13, 2022

HK$0.005

Semi-Annual

Record Dec 15, 2022 · Payment Dec 29, 2022

Dividend

Ex-dividend Aug 26, 2022

HK$0.03

Semi-Annual

Record Aug 29, 2022 · Payment Sep 14, 2022

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