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Vietnam Manufacturing and Export Processing (Holdings) Limited logo

Vietnam Manufacturing and Export Processing (Holdings) Limited

0422.HK

HKSEConsumer CyclicalAuto - Recreational Vehicles

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Latest quote

HK$0.27

+HK$0.005 · +1.89%

Aug 25, 4:08 PM HKT

0422.HK company overview

Historical prices · Market data may be delayed.

Company profile

Company website

Vietnam Manufacturing and Export Processing (Holdings) Limited functions as an investment holding company, primarily involved in the production and sale of scooters, cub motorbikes, and their related spare parts and engines throughout Vietnam. Its motorbike models are marketed under the SYM brand. The company also manufactures molds for creating die-cast and forged metal components and provides essential motorbike maintenance services. By December 31, 2021, it maintained a robust distribution network of approximately 194 authorized SYM stores across Vietnam, all owned by independent dealers. Additionally, the firm engages in real estate development. Its manufactured goods are exported to several international markets, including Malaysia, the Philippines, Thailand, Greece, and Taiwan. Established in 1992, the company's corporate headquarters are located in Bien Hoa, Vietnam, and it operates as a subsidiary of SY International Ltd.

Industry
Auto - Recreational Vehicles
Sector
Consumer Cyclical
Headquarters
VN
CEO
Jui Chiao Wu
Listed since
Dec 20, 2007
Employees
933

Market position

Day range

Current HK$0.27

52-week range

Current HK$0.27

Open
HK$0.27
Previous close
HK$0.265
Volume
8K
0.12× average
Average volume
69.48K
Average daily volume
Market cap
245.07M HKD
Beta
-0.57
Market reference 1
50-day average
HK$0.2655
+1.69% above average
200-day average
HK$0.2777
-2.77% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
42.38M USD
P/E (TTM)
9.84×
P/B (TTM)
0.67×
P/S (TTM)
0.41×
EV / EBITDA
5.01×
Earnings yield
13.74%
Free cash flow yield
-34.03%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
6.82%
Operating margin
7.33%
Net margin
-3.82%
Return on equity
9.58%
Return on assets
4.48%
Return on invested capital
6.43%

Financial health

Debt / equity
0.46×
Current ratio
1.83×
Altman Z-score
1.08
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends17%8%-1%-9%Gross margin, FY2021: 6.30%Gross margin, FY2022: 10.20%Gross margin, FY2023: 14.73%Gross margin, FY2024: 8.98%Gross margin, FY2025: 8.68%Operating margin, FY2021: -7.09%Operating margin, FY2022: 0.49%Operating margin, FY2023: 1.79%Operating margin, FY2024: 3.50%Operating margin, FY2025: 9.52%Net margin, FY2021: -5.99%Net margin, FY2022: -0.15%Net margin, FY2023: 1.60%Net margin, FY2024: -4.74%Net margin, FY2025: 5.34%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 6.30%. Gross margin FY2022 10.20%. Gross margin FY2023 14.73%. Gross margin FY2024 8.98%. Gross margin FY2025 8.68%. Operating margin FY2021 -7.09%. Operating margin FY2022 0.49%. Operating margin FY2023 1.79%. Operating margin FY2024 3.50%. Operating margin FY2025 9.52%. Net margin FY2021 -5.99%. Net margin FY2022 -0.15%. Net margin FY2023 1.60%. Net margin FY2024 -4.74%. Net margin FY2025 5.34%.

Income trends

Revenue

87.01M USD+7.23%

Operating income

8.28M USD+191.25%

Net income

4.65M USD+8.49M USD
Income trends across reported periods146.85M USD91.05M USD35.25M USD−20.55M USDRevenue, FY2021: 93.02M USDRevenue, FY2022: 132.9M USDRevenue, FY2023: 105.15M USDRevenue, FY2024: 81.14M USDRevenue, FY2025: 87.01M USDOperating income, FY2021: −6.6M USDOperating income, FY2022: 649.56K USDOperating income, FY2023: 1.88M USDOperating income, FY2024: 2.84M USDOperating income, FY2025: 8.28M USDNet income, FY2021: −5.57M USDNet income, FY2022: −200.35K USDNet income, FY2023: 1.69M USDNet income, FY2024: −3.84M USDNet income, FY2025: 4.65M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 93.02M USD. Revenue FY2022 132.9M USD. Revenue FY2023 105.15M USD. Revenue FY2024 81.14M USD. Revenue FY2025 87.01M USD. Operating income FY2021 −6.6M USD. Operating income FY2022 649.56K USD. Operating income FY2023 1.88M USD. Operating income FY2024 2.84M USD. Operating income FY2025 8.28M USD. Net income FY2021 −5.57M USD. Net income FY2022 −200.35K USD. Net income FY2023 1.69M USD. Net income FY2024 −3.84M USD. Net income FY2025 4.65M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue87.01M USD81.14M USD105.15M USD132.9M USD93.02M USD
Cost of goods sold79.46M USD73.85M USD89.66M USD119.34M USD87.16M USD
Gross profit7.55M USD7.29M USD15.49M USD13.56M USD5.86M USD
Research and development1.51M USD1.72M USD—2.23M USD2.07M USD
Selling, general, and administrative10.54M USD10.79M USD13.84M USD13.28M USD12.21M USD
Operating expenses−731.5K USD4.44M USD13.61M USD12.91M USD12.46M USD
Interest income2.28M USD2.43M USD3.34M USD2.17M USD1.96M USD
Interest expense2.08M USD1.78M USD2.48M USD1.42M USD953.22K USD
Depreciation and amortization169.31K USD188.93K USD275.44K USD296.68K USD182.9K USD
Operating income8.28M USD2.84M USD1.88M USD649.56K USD−6.6M USD
Net income4.65M USD−3.84M USD1.69M USD−200.35K USD−5.57M USD

Company facts updated Aug 25, 2026.

Earnings

Latest EPS result
-0.1

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.04-0.02-0.08-0.14Q4 '23Q4 '23Q2 '24Q3 '24Q4 '24Q4 '24Q3 '25Q3 '25
Q4 2023, reported Nov 10, 2023: actual 0.005, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual -0.016, estimate —, surprise —, Comparison unavailable. Q2 2024, reported May 13, 2024: actual -0.014, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 12, 2024: actual -0.007, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 12, 2024: actual 0.004, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual -0.017, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 11, 2025: actual -0.001, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual -0.097, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.32B885.88M454.32M22.76MQ4 '23MissQ4 '23No estimateQ2 '24No estimateQ3 '24MissQ4 '24No estimateQ4 '24No estimateQ3 '25No estimateQ3 '25No estimate
Q4 2023, reported Nov 10, 2023: actual 223.94M HKD, estimate 272M HKD, surprise -17.67%, Miss. Q4 2023, reported Dec 31, 2023: actual 124.4M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported May 13, 2024: actual 87.67M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 12, 2024: actual 169.06M HKD, estimate 272M HKD, surprise -37.85%, Miss. Q4 2024, reported Nov 12, 2024: actual 219.84M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual 155.21M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 11, 2025: actual 26.78M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 1.22B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Dividend

Ex-dividend Jun 29, 2012

HK$0.04

Special

Dividend

Ex-dividend Apr 22, 2010

HK$0.022

Semi-Annual

Dividend

Ex-dividend Nov 13, 2009

HK$0.0219

Semi-Annual

Dividend

Ex-dividend May 4, 2009

HK$0.0026

Annual

Dividend

Ex-dividend May 26, 2008

HK$0.0218

Annual

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