Veson Holdings Limited logo

Veson Holdings Limited

1399.HK

HKSEIndustrialsElectrical Equipment & Parts

Latest quote

HK$0.35

HK$0.00 · 0.00%

Aug 21, 3:49 PM HKT

1399.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Veson Holdings Limited, an investment holding company founded in 1997 and headquartered in Causeway Bay, Hong Kong, was formerly known as SCUD Group Limited until its rebranding in November 2020. The company primarily operates within the People's Republic of China, specializing in the research, development, manufacturing, and distribution of lithium-ion battery modules and their associated accessories. These products are crucial components for a wide array of digital devices, such as mobile phones, laptops, tablets, and various other electronic appliances. Veson organizes its business into distinct segments: Original Design Manufacturing (ODM), the Bare Battery Cell Business, and other operations. Its diverse product offerings include power banks; specialized motive batteries and related accessories designed for prominent manufacturers of mobile phones, notebooks, tablets, and electric vehicles (EVs); power management modules; batteries and accessories for smart wearable devices; individual lithium-ion bare battery cells; chargers; and network terminal products. Beyond its core manufacturing activities, the company also extends corporate management services. Veson distributes its products through a broad sales network encompassing distributors, agents, retailers, and e-commerce platforms.

Industry
Electrical Equipment & Parts
Sector
Industrials
Headquarters
CN
CEO
Xiu Qin Lian
Listed since
Dec 21, 2006
Employees
2,415

Market position

52-week range

Current HK$0.35

Open
HK$0.35
Previous close
HK$0.35
Volume
56K
0.06× average
Average volume
952.98K
Average daily volume
Market cap
381.5M HKD
Beta
1.12
Market reference 1
50-day average
HK$0.376
-6.91% below average
200-day average
HK$0.2684
+30.42% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.79B CNY
P/E (TTM)
11.36×
P/B (TTM)
0.3×
P/S (TTM)
0.08×
EV / EBITDA
9.81×
Earnings yield
11.70%
Free cash flow yield
-14.39%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
7.47%
Operating margin
0.13%
Net margin
0.71%
Return on equity
1.96%
Return on assets
0.49%
Return on invested capital
-0.37%

Financial health

Debt / equity
2.21×
Current ratio
1.27×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends8%5%1%-2%Gross margin, FY2021: 7.23%Gross margin, FY2022: 7.12%Gross margin, FY2023: 6.81%Gross margin, FY2024: 6.93%Gross margin, FY2025: 7.46%Operating margin, FY2021: -1.44%Operating margin, FY2022: -1.13%Operating margin, FY2023: -0.57%Operating margin, FY2024: -1.00%Operating margin, FY2025: -0.45%Net margin, FY2021: 0.59%Net margin, FY2022: 0.38%Net margin, FY2023: 0.33%Net margin, FY2024: -0.22%Net margin, FY2025: 0.41%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 7.23%. Gross margin FY2022 7.12%. Gross margin FY2023 6.81%. Gross margin FY2024 6.93%. Gross margin FY2025 7.46%. Operating margin FY2021 -1.44%. Operating margin FY2022 -1.13%. Operating margin FY2023 -0.57%. Operating margin FY2024 -1.00%. Operating margin FY2025 -0.45%. Net margin FY2021 0.59%. Net margin FY2022 0.38%. Net margin FY2023 0.33%. Net margin FY2024 -0.22%. Net margin FY2025 0.41%.

Income trends

Revenue

5.23B CNY-2.23%

Operating income

−23.26M CNY+56.53%

Net income

21.54M CNY+33.52M CNY
Income trends across reported periods7.81B CNY4.93B CNY2.06B CNY−821.46M CNYRevenue, FY2021: 7.09B CNYRevenue, FY2022: 6.36B CNYRevenue, FY2023: 6.15B CNYRevenue, FY2024: 5.34B CNYRevenue, FY2025: 5.23B CNYOperating income, FY2021: −102.08M CNYOperating income, FY2022: −72.04M CNYOperating income, FY2023: −35.21M CNYOperating income, FY2024: −53.51M CNYOperating income, FY2025: −23.26M CNYNet income, FY2021: 42.18M CNYNet income, FY2022: 24.04M CNYNet income, FY2023: 20.11M CNYNet income, FY2024: −11.98M CNYNet income, FY2025: 21.54M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.09B CNY. Revenue FY2022 6.36B CNY. Revenue FY2023 6.15B CNY. Revenue FY2024 5.34B CNY. Revenue FY2025 5.23B CNY. Operating income FY2021 −102.08M CNY. Operating income FY2022 −72.04M CNY. Operating income FY2023 −35.21M CNY. Operating income FY2024 −53.51M CNY. Operating income FY2025 −23.26M CNY. Net income FY2021 42.18M CNY. Net income FY2022 24.04M CNY. Net income FY2023 20.11M CNY. Net income FY2024 −11.98M CNY. Net income FY2025 21.54M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue5.23B CNY5.34B CNY6.15B CNY6.36B CNY7.09B CNY
Cost of goods sold4.84B CNY4.97B CNY5.73B CNY5.91B CNY6.58B CNY
Gross profit389.58M CNY370.36M CNY418.78M CNY452.96M CNY512.76M CNY
Research and development102.95M CNY100.03M CNY128.07M CNY191.18M CNY
Selling, general, and administrative315.46M CNY311.92M CNY348.84M CNY389.38M CNY425.46M CNY
Operating expenses412.84M CNY423.87M CNY337.32M CNY525M CNY614.84M CNY
Interest income5.9M CNY8.54M CNY10.37M CNY12.8M CNY10.79M CNY
Interest expense52.04M CNY65.93M CNY71.34M CNY77.78M CNY77.53M CNY
Depreciation and amortization84.76M CNY100.15M CNY123.34M CNY108.45M CNY81.75M CNY
Operating income−23.26M CNY−53.51M CNY−35.21M CNY−72.04M CNY−102.08M CNY
Net income21.54M CNY−11.98M CNY20.11M CNY24.04M CNY42.18M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.01

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.080.03-0.01-0.06Q4 '21Q2 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25
Q4 2021, reported Dec 31, 2021: actual 0.036, estimate —, surprise —, Comparison unavailable. Q2 2022, reported Jun 30, 2022: actual 0.015, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 0.01, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual -0.014, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 0.035, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 0.005, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual -0.017, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual -0.007, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates5.06B3.71B2.36B1.01BQ4 '21No estimateQ2 '22No estimateQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24No estimateQ1 '25No estimateQ3 '25No estimate
Q4 2021, reported Dec 31, 2021: actual 4.77B HKD, estimate —, surprise —, Comparison unavailable. Q2 2022, reported Jun 30, 2022: actual 3.69B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 3.65B HKD, estimate 4.3B HKD, surprise -15.04%, Miss. Q3 2023, reported Aug 31, 2023: actual 2.86B HKD, estimate 4.3B HKD, surprise -33.47%, Miss. Q1 2024, reported Mar 28, 2024: actual 3.87B HKD, estimate 4.3B HKD, surprise -9.90%, Miss. Q3 2024, reported Aug 30, 2024: actual 2.62B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 3.09B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual 1.19B HKD, estimate —, surprise —, Comparison unavailable.

1399.HK peers

Continue in GoAI

Research 1399.HK

research.disclaimer