SMC Electric Limited

SMC Electric Limited

HHKEX:2381
0.31
HKD
-0.03
(-10.29%)
204.00MMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.14
0.17
0.18
0.19
0.13
0.12
0.13
0.12
0.13
0.11
- -
Basic EPS, GAAP
0.02
0.02
0.02
0.03
0.02
0.01
0.01
0.01
0.01
- -
- -
Free Cash Flow per Basic Share
0.01
- -
- -
0.01
0.01
0.01
0.02
0.01
0.01
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
0.02
0.02
0.01
0.01
- -
Book Value per Share
0.04
0.06
0.09
0.12
0.07
0.08
0.07
0.06
0.07
0.06
0.07
Tangible Book Value per Share
0.04
0.06
0.09
0.12
0.07
0.08
0.07
0.06
0.07
0.06
0.07
Basic Weighted Avg Shares
1,500
1,500
1,500
1,500
1,885
2,000
2,000
2,000
2,000
2,000
2,000
Sales/Revenue/Turnover
217
251
266
278
249
230
254
233
257
218
- -
Operating Margin (%)
13.07
15.55
15.35
19.72
18.36
14.58
11.39
9.41
10.96
4.03
- -
Depreciation Expense
1
- -
1
4
4
5
6
7
6
5
- -
Net Income, GAAP
24
31
35
45
36
28
22
21
26
9
- -
Effective Tax Rate (%)
19.27
19.73
22.67
20.42
18.92
16.86
23.35
15.14
15.18
15.71
- -
Profit Margin (%)
11.02
12.43
13.02
16.32
14.58
12.29
8.79
8.92
10.25
4.35
- -
Working Capital
59
91
131
172
133
151
126
119
125
106
125
LT Debt
- -
- -
1
- -
4
- -
- -
- -
4
- -
4
Total Equity
62
95
135
180
143
164
139
129
136
125
136
Return on Invested Capital (%)
- -
37.92
25.72
24.56
20.62
17.54
14.1
13.38
17.39
5.1
- -
Return on Capital (%)
- -
38.91
29.11
26.7
20.99
17.83
14.35
15.1
19.22
7.18
- -
Return on Common Equity (%)
- -
39.82
30.18
28.82
22.49
18.4
14.76
15.5
19.91
7.26
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
4
2
3
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,000
2,000
2,000
Market Capitalization
186
192
204

Working Capital

HKD

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
172
188
189
Cash, Cash Equivalents & STI
82
90
90
Accounts Receivable, Net
62
70
67
Inventories
18
20
20
Total Current Liabilities
54
54
63
Payables & Accruals
- -
- -
- -
ST Debt
4
2
3
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-2.09%
-7.55%
Free Cash Flow
- -
-2.69%
-94.77%
Net Income, GAAP
- -
-17.48%
-64.04%
Sales/Revenue/Turnover
- -
-2.11%
-15.34%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
233
2024
- -
- -
257
2025
- -
- -
218

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.01
2024
- -
- -
0.01
2025
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.02
2024
- -
- -
0.01
2025
- -
- -
0.01

Company Description

CEO
Zhen Dong Lin
Full Time Employees
110
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Shell Industrial Building Hong Kong Hong Kong
IPO Date
Jun 2, 2020
Business
SMC Electric Limited (2381.HK) is an investment holding company principally engaged in the design, development, manufacture, and sale of electrical fans and tools. The company operates through two segments: the SMC segment, which focuses on developing, designing, and trading electrical fans under its own SMC brand including ceiling fans, wall-mounted fans, stand fans, orbital fans, and cordless fans; and the Non-SMC segment, which involves the development, design, manufacture, and trading of rechargeable electric tools and fans such as work lights, vacuum cleaners, and other electric tools for customers under their respective brands. SMC Electric Limited manufactures and sells its products to distributors and retailers across the Americas, Asia, Oceania, Europe, and Africa, with a primary customer base in Asia, Africa, and Oceania; it was incorporated in 2018, traces its history to the 1950s, and maintains its headquarters at 1/F, Shell Industrial Building, 12 Lee Chung Street, Chai Wan, Hong Kong, as a subsidiary of Shell Electric Holdings Limited. In recent developments, the company reported revenue growth to HK$257.28 million for the year ended December 31, 2024, up 10.5% from HK$232.9 million in 2023, driven by increased sales volume, alongside a 26.9% rise in profit attributable to owners to HK$26.4 million; it also released its interim results for the six months ended June 30, 2025, reflecting continued operations with gross margins at 25.2% and capital expenditures of HK$0.2 million.