Company Analysis

Neo-Concept International Group Holdings Limited (NCI)

Nasdaq: NCI · Apparel & Other Finishd Prods of Fabrics & Similar Matl · Hong Kong · filing with the SEC since 2022
Grade2.8
◀ Past 2.0● Present 2.5▶ Future 4.0
1 est.

The grade of Neo-Concept International Group Holdings Limited

Nine metrics read from its own filings, by tense
Headline grade
2.8/10
◀ Past2.030% of the headline
● Present2.540% of the headline
▶ Future4.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.0/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
1.6/10

Has it survived what it has been through?

2 warning events since 2022; the latest 2025-04-30.

weight 33% of this tense · 16th percentile among 19 sector filers · read for itself

From the record

Neo-Concept International Group Holdings Limited's filings since 2022 show 2 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2025-04-30) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.7/10

What has it actually done, year after year?

-13.1% a year over 5 filed years; profitable in 5 of 5.

weight 45% of this tense · 27th percentile among 19 sector filers · read for its customers

From the record

Neo-Concept International Group Holdings Limited's 5 filed years say what it did: revenue went from HKD 241 million in fiscal 2021 to HKD 137 million in fiscal 2025, down 13.1% a year; it rose in 2 of 4 years; the deepest fall was 60% from fiscal 2022 to fiscal 2025; net income was positive in 5 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-13.1%bottom 8% of its family
  • the share of years revenue rosebottom 8% of its family
  • the share of filed years with a profittop 16% of its family
  • the deepest fall from a revenue peak60.5%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
1.1/10

How has it treated the people who own it?

Share count grew 4.1% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 11th percentile among 17 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Neo-Concept International Group Holdings Limited's diluted share count grew about 4.1% a year, and dividends and buybacks returned about 0% of its net income over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 13% of its family
  • cash returned against operating cash flowbottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

2.5/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.5/10

Is it financially healthy right now?

ROE 1%: 1¢ of profit per shareholder dollar. Leverage 51%: owes 51¢ per asset dollar.

weight 45% of this tense · 35th percentile among 19 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Neo-Concept International Group Holdings Limited earned about 1 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 44 cents per dollar of everything the company owns. Leverage: it owed about 51 cents per dollar of assets, and net share issuance: its share count grew 3.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 45% of its family
  • return on equitybottom 25% of its family
  • gross profit against assetsbottom 34% of its family
  • the share count against the year beforebottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
1.8/10

How strong is its position in its industry?

bottom 18% of 19 in its family; net margin 0.2%.

weight 33% of this tense · 18th percentile among 19 sector filers · read for its customers

From the record

Neo-Concept International Group Holdings Limited's standing among 19 graded names in its industry family: revenue of HKD 137 million in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 0.2% ranks in the bottom 29%; revenue growth of -26.6% a year over the last 3 filed years ranks in the bottom 8% (its annual reports).

What it rests on

  • net margin0.2%bottom 29% of its family
  • three-year revenue growth-26.6%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
1.4/10

What are the people in charge doing?

SI estimate 1.4/10, confidence 35 of 100 (one part).

weight 22% of this tense · 14th percentile among 11 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the chief executive's years under the title, which ranks in the bottom 14% of 11 in its family; it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: the chief executive's years on the record, the one part on file, ranked among 11 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Neo-Concept International Group Holdings Limited's leadership is put at 1.4 of 10 with a confidence of 35 of 100, because read from one part only, the chief executive's years under the title, which ranks in the bottom 14% of 11 in its family; it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.0/10

How much room does it have to grow?

top 50% of 19 in its family for room to expand.

weight 45% of this tense · 50th percentile among 19 sector filers · read for itself

From the record

Neo-Concept International Group Holdings Limited's room to grow, from the newest filed statements (fiscal 2025): cash of HKD 2 million against debt of HKD 5 million leaves -2.1% of its assets as net cash, bottom 45% of its family; cash from operations less capital spending is 12.7% of revenue (top 18%); a gross margin of 36.9% (bottom 24%) (its annual report).

What it rests on

  • cash less debt against assets-2.1%bottom 45% of its family
  • cash from operations less capital spending against revenue12.7%top 18% of its family
  • gross margin36.9%bottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.9/10

What could actually drive growth from here?

bottom 39% of 19 in its family for growth drivers.

weight 33% of this tense · 39th percentile among 19 sector filers · read for its customers

From the record

Neo-Concept International Group Holdings Limited's growth drivers, from the filed years to fiscal 2025: revenue grew -26.6% a year over the last three filed years against -13.1% over all 5, slowing (bottom 13% of its family); the newest year grew -41.8% (bottom 8%); capital spending grew 279% a year (top 3%) (its annual reports). Neo-Concept International Group Holdings Limited reported 2 product lines in fiscal 2025: Ownbranded Apparel Products at HKD 71 million (51%), Privatelabelled Apparel Products at HKD 67 million (49%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-13.5 points a yearbottom 13% of its family
  • the newest year's revenue growth-41.8%bottom 8% of its family
  • three-year growth of capital spending279.0%top 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.1/10

Did its newest year beat what its own record pointed to?

bottom 21% of 17 in its family for expectations against reality.

weight 22% of this tense · 21st percentile among 17 sector filers · read for its shareholders

From the record

Neo-Concept International Group Holdings Limited's newest year against its own record: revenue of HKD 137 million in fiscal 2025 came in 29.3% below the HKD 194 million its prior three years' pace pointed to (bottom 9% of its family); net income of HKD 332 thousand against a prior three-year average of HKD 8 million (bottom 15%); a net margin of 0.2% against 3.2% before (bottom 38%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-29.3%bottom 9% of its family
  • net income against the prior three years' average-96%bottom 15% of its family
  • net margin against its prior average-2.9 pointsbottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton NCI · research, not advice