Quali-Smart Holdings (HKSE:01348) Net Margin %: -38.74% (As of Sep. 2025)


HKSE:01348 Quali-Smart Holdings Ltd HKSE:01348
37 GF Score
Price HK$0.26
GF Value HK$0.01
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Quali-Smart Holdings Net Margin %?

Quali-Smart Holdings HKSE:01348 -7.14% 37 Net Margin % is -38.74% as of Sep. 2025. GuruFocus rates HKSE:01348 with a GF Score™ of 37/100 and a GF Value™ of HK$0.01 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 847 Travel & Leisure companies, Quali-Smart Holdings ranks worse than 96.22% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Quali-Smart Holdings's Net Income for the six months ended in Sep. 2025 was HK$-10.78 Mil. Quali-Smart Holdings's Revenue for the six months ended in Sep. 2025 was HK$27.84 Mil. Therefore, Quali-Smart Holdings's net margin for the quarter that ended in Sep. 2025 was -38.74%.

The historical rank and industry rank for Quali-Smart Holdings's Net Margin % or its related term are showing as below:

HKSE:01348' s Net Margin % Range Over the Past 10 Years
Min: -93.96   Med: -16.51   Max: -5.73
Current: -93.96


HKSE:01348's Net Margin % is ranked worse than
96.22% of 847 companies
in the Travel & Leisure industry
Industry Median: 4.71 vs HKSE:01348: -93.96

Quali-Smart Holdings  (HKSE:01348) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Quali-Smart Holdings Net Margin % Related Terms


Quali-Smart Holdings Net Margin % Historical Data

* Premium members only.

The historical data trend for Quali-Smart Holdings's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Quali-Smart Holdings Net Margin % Chart

Quali-Smart Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.03 -21.16 -41.71 -24.85 -93.96

Quali-Smart Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -127.42 -17.54 -56.09 -38.74 1,183.87

HKSE:01348 vs AS, HAS, LTH: Net Margin % Comparison

For the Leisure subindustry, Quali-Smart Holdings's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Quali-Smart Holdings Net Margin % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Quali-Smart Holdings's Net Margin % distribution charts can be found below:

* The bar in red indicates where Quali-Smart Holdings's Net Margin % falls into.


HKSE:01348
37GF Score
Quali-Smart Holdings Ltd HKSE:01348
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Quali-Smart Holdings Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Quali-Smart Holdings's Net Margin for the fiscal year that ended in Mar. 2025 is calculated as

Net Margin=Net Income (A: Mar. 2025 )/Revenue (A: Mar. 2025 )
=-17.872/71.933
=-24.85 %

Quali-Smart Holdings's Net Margin for the quarter that ended in Sep. 2025 is calculated as

Net Margin=Net Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=-10.783/27.836
=-38.74 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of -38.74% mean?
Quali-Smart Holdings (HKSE:01348) has a Net Margin % of -38.74% as of Sep. 2025. Net margin is the ratio of total net income to net sales. View historical data on Quali-Smart Holdings and its competitors. According to the industry distribution chart, Quali-Smart Holdings ranks #815 out of 847 companies in the Travel & Leisure industry, placing it in the top 96.2%.
Is Quali-Smart Holdings' Net Margin % too high?
Quali-Smart Holdings' current Net Margin % is -38.74%. Based on the distribution chart, Quali-Smart Holdings ranks #815 out of 847 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Quali-Smart Holdings has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quali-Smart Holdings' Net Margin % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Quali-Smart Holdings ranks #815 out of 847 companies for Net Margin %. This places Quali-Smart Holdings in the lower half of its industry. The industry median Net Margin % is 4.71. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Travel & Leisure company?
The median Net Margin % among Travel & Leisure companies is 4.71, based on 847 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Quali-Smart Holdings and its competitors. For the Travel & Leisure industry, the median Net Margin % is 4.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quali-Smart Holdings's current Net Margin % is -38.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quali-Smart Holdings stock overvalued right now?
Based on GuruFocus' analysis, Quali-Smart Holdings (HKSE:01348) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.01, compared to a current price of HK$0.26 — trading 2500% above its estimated fair value. The current Net Margin % is -38.74%. Quali-Smart Holdings' overall GF Score™ is 37/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Quali-Smart Holdings (HKSE:01348), the current Net Margin % is -38.74% as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Quali-Smart Holdings (HKSE:01348) Overvalued in 2026?

Based on GuruFocus' analysis, Quali-Smart Holdings stock appears to be overvalued. The current stock price of HK$0.26 is trading 2500% above its estimated GF Value™ of HK$0.01. GuruFocus considers Quali-Smart Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:01348:

  • Net Margin %: -38.74%
  • GF Value™: HK$0.01 vs. price of HK$0.26 (2500% above fair value)
  • GF Score™: 37/100 with 4 warning signs

No single metric tells the full story. See the HKSE:01348 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Quali-Smart Holdings Business Description

Address No. 3 Hoi Shing Road, Tsuen Wan, Workshop C, 19th Floor, TML Tower, New Territories, Hong Kong, HKG
Quali-Smart Holdings Ltd is an investment holding company. The company's operating segment includes the Manufacturing and sales of toys and Financial Services. It generates maximum revenue from the Manufacturing and sales of toys segment. The Financial Services segment includes securities brokerage, underwriting, securities margin financing, investment advisory, corporate finance, and asset management services. Geographically, it derives a majority of its revenue from North America which includes the United States of America and Canada, and also has a presence in the United Kingdom; France; PRC, and Taiwan; Central America, Caribbean, and Mexico; Australia, New Zealand, and Pacific Islands and other countries.
37GF Score

Get the complete analysis for HKSE:01348

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.26
Price
HK$0.01
GF Value