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Gold Peak Technology Group Limited

0040.HK
26
Hardware, Equipment & Parts · Technology
Price
HK$0.68
-0.01 (-1.45%)
Market Cap
HK$613.7M
Exchange
Hong Kong Stock Exchange
Winston Score
26
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Strong
Stability
Weak
Valuation
Mixed

Share count rising — dilution

+14.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 791.7M (2022) → 903.2M (2026)

Winston Score History

The full picture

Gold Peak Industries Holdings Ltd is a Hong Kong-based conglomerate that makes batteries, electronic components, and consumer electronics. Its core products include portable batteries sold under the GP Batteries brand, as well as audio equipment and building technology products. The company sells to retailers, industrial buyers, and consumers across Asia, Europe, and other global markets.

The company earns money by selling physical products — primarily batteries and electronics hardware — through retail and wholesale channels. It operates mainly in Asia but has a meaningful presence in Europe and other regions, giving it a diversified geographic footprint. GP Batteries is one of the more recognized battery brands in Asia, which provides some brand loyalty as a competitive advantage. The main risk the business faces is intense price competition from lower-cost battery manufacturers, particularly from mainland China, as well as the long-term shift toward rechargeable and built-in battery technology reducing demand for traditional disposable batteries.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+4.7% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

HK$0/ year

0.0% of revenue

Research and development spending

Cash Position

Cash flow positive

HK$3.0B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Gold Peak Technology Group Limited is growing revenue at 5% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
28.9%
Modest — 28.9% gross margin
Profit after running costs
Operating Margin
3.0%
Thin — 3.0% operating margin
Return on the money invested
ROCE
4.8%
Weak — 4.8% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
+2.5%
Nearly flat sales (+2.5% YoY)
Profit growth
EPS YoY
-5.8%
Earnings shrinking (-5.8% YoY)

Slight earnings drop. Typical near a cyclical low.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
1190%
Turns 1190% of profit into real cash
Spare cash per sale
FCF Margin
2.9%
Thin free cash flow (2.9%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
3.31
Heavy debt load (3.31)
Covers its interest
Interest Cover
1.21x
Dangerous — barely covers interest (1.2x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
24.6x
Growth-priced — P/E 24.6

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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