1. Hong Kong Stocks

  2. •

    Electronic technology

  3. •

    Computer peripherals
Smart-Core Holdings Ltd.

Smart-Core Holdings Ltd.

HHKEX:2166
3.30
HKD
+0.01
(+0.15%)
1.03BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.02
8.5
10.34
13
9.57
9.9
9.47
11.26
21.27
20.67
12.02
9.92
14.24
- -
Basic EPS, GAAP
- -
0.14
0.13
0.18
0.16
0.16
0.11
0.14
0.44
0.34
0.15
0.21
0.35
- -
Free Cash Flow per Basic Share
-0.1
-0.13
-0.2
0.93
0.04
0.14
-0.44
-0.39
-0.92
1.78
0.75
0.46
-0.79
- -
Dividend per Share
- -
- -
- -
0.08
0.02
0.05
0.06
0.04
0.08
0.12
0.06
0.07
0.13
- -
Book Value per Share
0.18
0.29
0.32
0.89
1.03
1.13
1.17
1.28
1.65
1.79
1.85
1.96
2.17
2.17
Tangible Book Value per Share
0.18
0.29
0.32
0.89
1.03
1.09
1.14
1.25
1.62
1.71
1.8
1.91
2.11
2.11
Basic Weighted Avg Shares
364
364
364
400
500
498
503
492
489
484
472
469
463
463
Sales/Revenue/Turnover
2,191
3,091
3,763
5,195
4,785
4,936
4,763
5,541
10,389
10,006
5,666
4,648
6,590
- -
Operating Margin (%)
0.07
2.36
2.31
2.48
2.41
1.98
1.98
2.15
5.17
5.33
2.16
2.22
2.39
- -
Depreciation Expense
1
2
2
1
1
2
9
13
17
21
23
12
13
- -
Net Income, GAAP
1
52
47
72
78
80
55
71
214
165
71
100
161
- -
Effective Tax Rate (%)
74.41
18.78
23.67
20.92
12.74
20.05
13.66
16.28
16.9
17.14
15.32
12.04
11.08
- -
Profit Margin (%)
0.04
1.67
1.26
1.39
1.62
1.63
1.16
1.28
2.06
1.65
1.26
2.16
2.45
- -
Working Capital
75
115
110
357
386
466
464
528
816
936
570
610
666
666
LT Debt
- -
- -
- -
- -
- -
- -
14
18
24
14
5
5
28
28
Total Equity
101
160
180
443
513
614
632
695
1,043
1,201
904
960
1,063
1,063
Return on Invested Capital (%)
- -
25.16
16.52
19.16
15.53
15.81
7.78
7.21
20.73
18.75
6.08
7.38
9.22
- -
Return on Capital (%)
- -
22.6
13.41
17.1
17.59
17.1
8.18
5.66
3.89
0.62
5.38
9.24
12.97
- -
Return on Common Equity (%)
- -
43.94
31
23.81
16.23
14.89
9.61
11.74
29.8
19.62
8
10.77
15.97
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
310
611
540
LT Borrowings
3
2
1
LT Finance Leases
3
1
27
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
489
489
489
Market Capitalization
757
816
1,026

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,339
1,902
1,839
Cash, Cash Equivalents & STI
239
160
154
Accounts Receivable, Net
645
1,095
1,154
Inventories
190
422
292
Total Current Liabilities
729
1,293
1,173
Payables & Accruals
- -
- -
- -
ST Debt
310
611
540
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
25.18%
11.46%
10.75%
Free Cash Flow
-139.7%
-105.53%
-270.53%
Net Income, GAAP
28.46%
44.7%
60.8%
Sales/Revenue/Turnover
11.04%
12.85%
41.79%
Total Cash Common Dividend
- -
38.53%
83.51%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
5,666
2024
- -
- -
4,648
2025
- -
- -
6,590

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.15
2024
- -
- -
0.21
2025
- -
- -
0.35

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.06
2024
- -
- -
0.07
2025
- -
- -
0.13

Company Description

Company Profile APIChatGPT
CEO
Wei Dong Tian
Full Time Employees
324
Sector
Electronic technology
Industry
Computer peripherals
Address
Tower B Hong Kong NT Hong Kong
IPO Date
Oct 7, 2016
Website
smart-core.com.hk
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Business
Smart-Core Holdings Limited is a Hong Kong-based investment holding company primarily engaged in the distribution and wholesale of integrated circuits and other electronic components. Its core products include a wide range of integrated circuits and electronic components used in applications such as smart media displays, intelligent broadcasting terminals, mobile terminals, smart automotive electronics, memory products, optical communication chips, Internet of Things (IoT) devices, security monitoring, high-efficiency power management products, virtual reality, drones, and robotics. The company also provides technical solutions and support services including engineering solutions and field application engineering support, as well as operating an e-commerce platform business. Smart-Core Holdings serves principally consumer electronic product manufacturers, original design manufacturers, and original equipment manufacturers. It operates through its Authorized Distribution and Mixed Distribution segments across geographic markets including Hong Kong, the People’s Republic of China, Singapore, Japan, and internationally. Founded in 2005 and headquartered in Kwai Chung, Hong Kong, Smart-Core Holdings Limited was formerly known as Smart-Core Cloud Group Limited until it changed its name in August 2016. The company operates as a subsidiary of Smart IC Limited. Recent strategic developments include expanding its supplier base and enriching its product portfolio with a focus on fast-developing segments such as IoT, optical communication, and smart home applications. It has adopted an OAO (Online and Offline) business model to integrate industry resources and better cater to diverse customer needs, combining traditional sales and application engineering support with e-commerce capabilities. As of mid-2025, Smart-Core Holdings announced a dividend increase, reflecting improved profitability and cash flow despite challenges in controlling costs and margins. The company maintains strong technical support capabilities and a large customer base of over 1,300 clients, including blue-chip and SME customers, positioning it as a leading distributor in the electronic component industry in Greater China and the broader Asia-Pacific region.