NVC International Holdings Limited logo

NVC International Holdings Limited

2222.HK

HKSEConsumer CyclicalFurnishings, Fixtures & Appliances

Latest quote

HK$0.61

−HK$0.01 · -1.61%

Aug 20, 1:14 PM HKTData delayed

2222.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

NVC International Holdings Limited, along with its subsidiaries, is dedicated to the manufacturing and global sales of a wide array of lighting products. Its diverse offerings include lamps, luminaires, various lighting electronic devices, and associated components, which are distributed across China, the United States, Japan, the Netherlands, the United Kingdom, and numerous other international markets. The company provides a comprehensive selection of interior lighting solutions, such as strip lights, spotlights, downlights, track lighting, panel lights, fluorescent fixtures, ceiling and wall-mounted lights, general lamps, linear illumination, and power drivers. For exterior environments, its offerings include floodlights, in-ground lights, underwater lights, bollard lights, post-top luminaires, surface and recessed wall lights, under-canopy lighting, and specialized lighting controllers and drivers. These products are utilized across a variety of applications, spanning commercial, emergency, industrial, office, traditional, and residential settings. Founded in 1998 and headquartered in Tai Po, Hong Kong, the company changed its name from NVC Lighting Holding Limited to its current NVC International Holdings Limited in January 2020.

Industry
Furnishings, Fixtures & Appliances
Sector
Consumer Cyclical
Headquarters
HK
CEO
Donglei Wang
Listed since
May 20, 2010
Employees
1,752

Market position

Day range

Current HK$0.61

52-week range

Current HK$0.61

Open
HK$0.63
Previous close
HK$0.62
Volume
50K
1.35× average
Average volume
37K
Average daily volume
Market cap
309.44M HKD
Beta
0.67
Market reference 1
50-day average
HK$0.6444
-5.34% below average
200-day average
HK$0.661
-7.71% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
190.29M USD
P/E (TTM)
3.04×
P/B (TTM)
0.08×
P/S (TTM)
0.18×
EV / EBITDA
8.9×
Earnings yield
4.02%
Free cash flow yield
6.15%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
34.28%
Operating margin
2.59%
Net margin
5.36%
Return on equity
2.52%
Return on assets
2.01%
Return on invested capital
0.85%

Financial health

Debt / equity
0.04×
Current ratio
2.87×
Altman Z-score
2.65
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends38%22%5%-12%Gross margin, FY2021: 27.89%Gross margin, FY2022: 22.85%Gross margin, FY2023: 28.53%Gross margin, FY2024: 31.55%Gross margin, FY2025: 34.29%Operating margin, FY2021: 2.34%Operating margin, FY2022: -5.71%Operating margin, FY2023: -3.80%Operating margin, FY2024: 1.37%Operating margin, FY2025: 2.59%Net margin, FY2021: 0.24%Net margin, FY2022: -3.50%Net margin, FY2023: 15.13%Net margin, FY2024: -7.38%Net margin, FY2025: 5.35%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.89%. Gross margin FY2022 22.85%. Gross margin FY2023 28.53%. Gross margin FY2024 31.55%. Gross margin FY2025 34.29%. Operating margin FY2021 2.34%. Operating margin FY2022 -5.71%. Operating margin FY2023 -3.80%. Operating margin FY2024 1.37%. Operating margin FY2025 2.59%. Net margin FY2021 0.24%. Net margin FY2022 -3.50%. Net margin FY2023 15.13%. Net margin FY2024 -7.38%. Net margin FY2025 5.35%.

Income trends

Revenue

222.84M USD-5.79%

Operating income

5.76M USD+78.05%

Net income

11.91M USD+29.36M USD
Income trends across reported periods2.62B USD1.63B USD635.44M USD−358.56M USDRevenue, FY2021: 2.37B USDRevenue, FY2022: 1.93B USDRevenue, FY2023: 235.98M USDRevenue, FY2024: 236.53M USDRevenue, FY2025: 222.84M USDOperating income, FY2021: 55.51M USDOperating income, FY2022: −110.06M USDOperating income, FY2023: −8.96M USDOperating income, FY2024: 3.24M USDOperating income, FY2025: 5.76M USDNet income, FY2021: 5.81M USDNet income, FY2022: −67.49M USDNet income, FY2023: 35.71M USDNet income, FY2024: −17.44M USDNet income, FY2025: 11.91M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.37B USD. Revenue FY2022 1.93B USD. Revenue FY2023 235.98M USD. Revenue FY2024 236.53M USD. Revenue FY2025 222.84M USD. Operating income FY2021 55.51M USD. Operating income FY2022 −110.06M USD. Operating income FY2023 −8.96M USD. Operating income FY2024 3.24M USD. Operating income FY2025 5.76M USD. Net income FY2021 5.81M USD. Net income FY2022 −67.49M USD. Net income FY2023 35.71M USD. Net income FY2024 −17.44M USD. Net income FY2025 11.91M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue222.84M USD236.53M USD235.98M USD1.93B USD2.37B USD
Cost of goods sold146.42M USD161.9M USD168.66M USD1.49B USD1.71B USD
Gross profit76.42M USD74.63M USD67.32M USD440.37M USD662.43M USD
Research and development6.2M USD7.4M USD5.18M USD43.24M USD69.81M USD
Selling, general, and administrative64.45M USD59.89M USD71.42M USD496.56M USD528.91M USD
Operating expenses70.66M USD71.39M USD76.68M USD550.39M USD606.92M USD
Interest income1.9M USD386.09K USD1.43M USD13.67M USD9.59M USD
Interest expense313K USD97.1K USD875K USD16.88M USD7.53M USD
Depreciation and amortization15.61M USD12.28M USD15.08M USD601.97M USD113.7M USD
Operating income5.76M USD3.24M USD−8.96M USD−110.06M USD55.51M USD
Net income11.91M USD−17.44M USD35.71M USD−67.49M USD5.81M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.04

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.08-0.06-0.19-0.32Q3 '22Q3 '23Q3 '24Q2 '25
Q3 2022, reported Aug 26, 2022: actual -0.281, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual 0.019, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 27, 2024: actual 0.008, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 13, 2025: actual 0.035, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1.35B932.47M515.7M98.93MQ3 '22Q3 '23Q3 '24Q2 '25
Q3 2022, reported Aug 26, 2022: actual 1.26B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 29, 2023: actual 128.91M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 27, 2024: actual 127.28M HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 13, 2025: actual 116.39M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$9.50

2019 complete year+1627.3% since 2011

Corporate action history

Dividend

Ex-dividend Nov 20, 2019

HK$0.09

Special

Record Nov 21, 2019 · Payment Dec 18, 2019

Dividend

Ex-dividend Apr 15, 2019

HK$0.005

Annual

Record Apr 16, 2019 · Payment Apr 30, 2019

Dividend

Ex-dividend Jun 6, 2018

HK$0.001

Annual

Record Jun 7, 2018 · Payment Jul 31, 2018

Dividend

Ex-dividend Jun 30, 2017

HK$0.001

Annual

Record Jul 3, 2017 · Payment Jul 31, 2017

Dividend

Ex-dividend Jun 17, 2016

HK$0.001

Special

Dividend

Ex-dividend Nov 10, 2014

HK$0.001

Semi-Annual

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