InsiderClue
Stocks · Consumer discretionary · Apparel & Other Finishd Prods of Fabrics & Similar Matl

Neo-Concept International Group Holdings Ltd

NCI Clue Score36
Hong Kong Fiscal year ends December CIK 0001916331
$0.88 -0.23% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $0.88 −53.99% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 23 Apr 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Revenue240.5Operating income4.5Net income5.5EPS, diluted0.30Fiscal year 2022Revenue347.5 +44.4%Operating income18.9Net income12.4 +127.5%EPS, diluted0.69Fiscal year 2023Revenue174.2 −49.9%Operating income9.0Net income4.4 −64.4%EPS, diluted1.23Fiscal year 2024Revenue235.7 +35.3%Operating income11.6Net income8.1 +82.6%EPS, diluted2.06Fiscal year 2025Revenue137.2 −41.8%Operating income1.8Net income0.3 −95.9%EPS, diluted0.08
FY2021FY2022FY2023FY2024FY2025
Revenue 240.5 347.5 174.2 235.7 137.2
Growth +44.4% −49.9% +35.3% −41.8%
Operating income 4.5 18.9 9.0 11.6 1.8
Net income 5.5 12.4 4.4 8.1 0.3
Growth +127.5% −64.4% +82.6% −95.9%
EPS, diluted 0.30 0.69 1.23 2.06 0.08

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Gross margin9.4%Operating margin1.9%Net margin2.3%Free cash flow margin4.2%Fiscal year 2022Gross margin12.0%Operating margin5.4%Net margin3.6%Free cash flow margin−12.3%Fiscal year 2023Gross margin20.1%Operating margin5.2%Net margin2.5%Free cash flow margin−28.9%Fiscal year 2024Gross margin21.0%Operating margin4.9%Net margin3.4%Free cash flow margin−1.6%Fiscal year 2025Gross margin36.9%Operating margin1.3%Net margin0.2%Free cash flow margin12.7%
FY2021FY2022FY2023FY2024FY2025
Gross margin 9.4% 12.0% 20.1% 21.0% 36.9%
Operating margin 1.9% 5.4% 5.2% 4.9% 1.3%
Net margin 2.3% 3.6% 2.5% 3.4% 0.2%
Free cash flow margin 4.2% −12.3% −28.9% −1.6% 12.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow10.3Capital expenditure−0.1Free cash flow10.2Fiscal year 2022Operating cash flow−42.8Capital expenditure−0.1Free cash flow−42.8 −520.3%Fiscal year 2023Operating cash flow−49.0Capital expenditure−1.3Free cash flow−50.3Fiscal year 2024Operating cash flow0.4Capital expenditure−4.1Free cash flow−3.7Fiscal year 2025Operating cash flow21.4Capital expenditure−4.0Free cash flow17.4
FY2021FY2022FY2023FY2024FY2025
Operating cash flow 10.3 −42.8 −49.0 0.4 21.4
Capital expenditure −0.1 −0.1 −1.3 −4.1 −4.0
Free cash flow 10.2 −42.8 −50.3 −3.7 17.4
Growth −520.3%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash1.4Shareholders’ equity−75.6Fiscal year 2022Cash8.6Total debt84.3Net cash (debt)−75.7Shareholders’ equity−60.7Fiscal year 2023Cash5.8Total debt61.5Net cash (debt)−55.7Shareholders’ equity−2.4Fiscal year 2024Cash9.2Total debt54.2Net cash (debt)−45.0Shareholders’ equity56.8Debt to equity0.95Fiscal year 2025Cash2.3Total debt9.5Net cash (debt)−7.2Shareholders’ equity56.6Debt to equity0.17
FY2021FY2022FY2023FY2024FY2025
Cash 1.4 8.6 5.8 9.2 2.3
Total debt n/a 84.3 61.5 54.2 9.5
Net cash (debt) n/a −75.7 −55.7 −45.0 −7.2
Shareholders’ equity −75.6 −60.7 −2.4 56.8 56.6
Debt to equity n/a n/a n/a 0.95 0.17

In millions of HKD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of HKD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023† 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
240.5 347.5 174.2 235.7 137.2
Growth +44.4% −49.9% +35.3% −41.8%
217.9 305.6 139.2 186.2 86.6
22.6 41.8 35.0 49.4 50.7
Growth +85.2% −16.2% +41.1% +2.5%
n/a n/a 0.5 0.8 1.3
4.5 18.9 9.0 11.6 1.8
Growth +323.3% −52.2% +27.9% −84.4%
7.2 15.4 5.7 9.1 1.8
1.7 3.0 1.3 1.1 1.4
5.5 12.4 4.4 8.1 0.3
Growth +127.5% −64.4% +82.6% −95.9%
Per share
0.30 0.69 1.23 2.06 0.08
0.30 0.69 1.23 2.06 0.08
Growth +130.0% +78.3% +67.5% −96.1%
18.0 18.0 3.6 3.9 4.1
18.0 18.0 3.6 3.9 4.1
Growth +0.0% −80.0% +8.9% +3.7%

† The diluted share count jumps at 2023, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Shown in HKD as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Profitable in every one of the 5 years on file.