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    Producer manufacturing

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    Electrical products
NVC International Holdings Ltd.

NVC International Holdings Ltd.

HHKEX:2222
0.58
HKD
+0.00
(-0.85%)
329.81MMarket Cap
NVC International Holdings Ltd.
HKEX:2222
(Hong Kong Exchange)

Recent

price

0.58

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
1.98
1.94
0.29
0.33
1.79
0.29
1.72
0.28
0.09
0.11
0.13
0.88
0.66
0.52
0.47
0.44
- -
Revenue per Share
0.27
0.28
- -
0.02
-0.18
- -
0.07
0.02
-0.02
0.18
- -
- -
-0.02
0.08
-0.03
0.02
- -
Basic EPS, GAAP
0.04
-0.15
0.04
- -
-0.24
0.04
0.26
0.01
0.01
0.03
-0.01
-0.07
-0.06
0.06
- -
0.03
- -
Free Cash Flow per Basic Share
0.03
0.07
0.01
0.01
0.04
- -
0.01
- -
- -
0.17
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.61
1.84
0.29
0.32
1.67
0.25
1.21
0.21
0.16
0.16
0.18
1.19
1.08
0.95
0.9
0.93
0.93
Book Value per Share
1.32
1.55
0.26
0.28
1.51
0.23
1.06
0.19
0.07
0.13
0.15
0.98
0.89
0.81
0.77
0.8
0.8
Tangible Book Value per Share
238
312
315
313
313
315
318
342
383
423
423
423
423
458
507
507
507
Basic Weighted Avg Shares
472
604
91
103
560
91
548
96
36
46
55
373
279
236
237
223
- -
Sales/Revenue/Turnover
17.59
16.1
8.51
8.7
-0.96
5.18
7
10.99
-5.37
-1.22
6.62
3.34
-5.04
-3.52
1.42
2.83
- -
Operating Margin (%)
13
16
3
3
20
3
14
2
2
3
2
18
16
15
13
18
- -
Depreciation Expense
71
87
- -
7
-57
1
22
7
-7
75
-1
1
-10
36
-17
12
- -
Net Income, GAAP
10.23
8.32
58.32
20.41
- -
37.1
29.71
23.92
- -
- -
- -
46.87
- -
6.89
- -
25.42
- -
Effective Tax Rate (%)
15.12
14.42
0.24
6.49
-10.2
1.45
3.97
7.73
-19.45
165.35
-2.2
0.24
-3.5
15.13
-7.38
5.35
- -
Profit Margin (%)
341
364
62
70
349
55
283
38
5
25
33
212
159
162
167
183
183
Working Capital
- -
- -
- -
- -
- -
- -
63
- -
- -
1
1
5
3
3
2
11
11
LT Debt
496
591
92
103
543
82
399
78
72
70
78
515
471
503
468
476
476
Total Equity
28.47
16.1
0.27
7.13
- -
0.92
7.64
2.48
- -
- -
- -
1.39
- -
2.89
- -
0.95
- -
Return on Invested Capital (%)
27.26
15.27
-0.22
5.77
- -
-0.1
6.13
2.32
- -
- -
- -
-0.92
- -
6.75
- -
2.41
- -
Return on Capital (%)
24.73
16.23
0.06
7.01
-18.31
0.44
9.29
3.18
-9.5
109.62
-1.69
0.32
-2.05
7.61
-3.71
2.56
- -
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
4
16
8
LT Borrowings
- -
- -
8
LT Finance Leases
2
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
507
507
507
Market Capitalization
63
50
42

Working Capital

USD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
249
262
280
Cash, Cash Equivalents & STI
149
163
176
Accounts Receivable, Net
49
45
45
Inventories
40
43
44
Total Current Liabilities
83
82
97
Payables & Accruals
- -
- -
- -
ST Debt
4
16
8
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
86.23%
111.1%
1.78%
Free Cash Flow
2.81%
-121.06%
-697.8%
Net Income, GAAP
-213.82%
-426.01%
-168.29%
Sales/Revenue/Turnover
93.4%
105.99%
-5.79%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
236
2024
- -
- -
237
2025
- -
- -
223

Semi-annual Earnings Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.08
2024
- -
- -
-0.03
2025
- -
- -
0.02

Semi-annual Dividends Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -
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Business
NVC International Holdings Limited is a Cayman Islands-incorporated company principally engaged in the manufacture and sale of lamps, luminaires, lamp transformers, lighting electronic products, and related appliances; it operates through segments including International NVC brand sales outside the People's Republic of China (PRC), domestic non-NVC brand sales in the PRC, and international non-NVC brand sales. The company offers a comprehensive portfolio of LED lighting fixtures, retrofits, and replacement lamps; personalized pendants, chandeliers, and luxury lighting solutions under brands such as NVC Lighting, ETI Solid State Lighting, Dernier & Hamlyn Design (a British bespoke lighting manufacturer acquired in recent years), AURA architectural lighting, and NVC Electric labs; these products encompass commercial, industrial, office, residential, emergency, interior, exterior, and smart IoT-enabled lighting controls for sectors like retail, hospitality, construction, transportation, urban infrastructure, hotels, schools, and superyachts. Founded in 1998 and headquartered in Tai Po, Hong Kong, with manufacturing bases and R&D centers in the Asia Pacific including facilities in Bac Ninh, Vietnam and Kakegawa, Japan, NVC International serves markets in over 30 countries across North America (primarily via ETI in the US), Europe (UK, Nordics, Netherlands), Japan, Southeast Asia (Singapore, Vietnam, Indonesia), the Middle East, Australia, Latin America, Oceania, Africa, and the PRC through 13 regional offices, 9 country hubs, and 100+ distributors. Subsidiaries include NVC Lighting Ltd., ETI Solid State Lighting Inc., and Dernier & Hamlyn Design Ltd.; the company changed its name from NVC Lighting Holding Limited in January 2020 following a strategic partnership with KKR that established separate NVC China and NVC International operations. Recent developments include the phase two expansion of its Vietnam manufacturing facility beginning production, ETI's launch of the AURA architectural lighting brand and brand refresh with headquarters relocation to Atlanta, Georgia in a 110,000 square foot facility, NVC UK's designation as Certified Carbon Neutral, ongoing brand upgrades for NVC Lighting with a relaunch planned for late 2025, implementation of a dual-channel Flow and Project sales strategy driving growth in markets like Uruguay and Papua New Guinea, new product developments exceeding 100 items focused on platformization and modularization, and procurement optimizations including localized sourcing in Vietnam amid US tariff challenges, contributing to improved gross profit margins despite a 9.6% revenue decline to US$107 million in the first half of 2025.