Overview
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- TickerNCI on Nasdaq1
- IndustryApparel & Other Finishd Prods of Fabrics & Similar Matl1
- HeadquartersK31
- Incorporated inHong Kong3
- Business address10/F Seaview Centre, 139-141 Hoi Bun Road, Kowloon Tong, Hong Kong3
- Filer categoryNon-accelerated filer, Emerging growth company3
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2026 (the “Placement Agency Agreement”), by and between the Company and the Placement Agents. The Company agreed to pay D.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Ownbranded Apparel Products brought in 51% of the revenue Neo-Concept International Group Holdings Ltd broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Ownbranded Apparel Products | 17.9M HKD | 38.9M HKD | 70.6M HKD |
| Privatelabelled Apparel Products | 156.3M HKD | 196.7M HKD | 66.7M HKD |
Regions
United Kingdoms brought in 61% of the revenue Neo-Concept International Group Holdings Ltd broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United Kingdoms | 17.9M HKD | 39.9M HKD | 70.6M HKD |
| United States | 132.1M HKD | 171.4M HKD | 45.9M HKD |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue63¢$11.1M
- Other costs36¢$6.3M
- Income tax1¢$185.9K
- Profit0¢$42.6K
Out of $17.6M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Capital spending19¢$514.9K
- Kept or used elsewhere81¢$2.2M
Out of $2.7M of cash from operations.2
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| REVENUES, NET | 137.2M HKD | 235.7M HKD | 174.2M HKD |
| COST OF REVENUES | -86.6M HKD | -186.2M HKD | -139.2M HKD |
| Gross profit | 50.7M HKD | 49.4M HKD | 35.0M HKD |
| Selling and marketing | -6.6M HKD | -4.4M HKD | -3.1M HKD |
| Depreciation | -1.7M HKD | -685.2K HKD | -33.1K HKD |
| Amortization | -2.5M HKD | -1.5M HKD | -112.0K HKD |
| Staff cost | -21.8M HKD | -18.5M HKD | -13.3M HKD |
| Operating lease expenses | -6.7M HKD | -3.1M HKD | -2.5M HKD |
| Operating lease expenses related party | -720.0K HKD | -720.0K HKD | -720.0K HKD |
| Professional fee | -3.6M HKD | -2.8M HKD | -2.2M HKD |
| (Provision for) reversal of expected credit losses | 2.1M HKD | -1.3M HKD | -1.4M HKD |
| Government rates | -2.1M HKD | -1.3M HKD | -453.7K HKD |
| Office general expenses | -1.3M HKD | -752.5K HKD | -453.6K HKD |
| Others | -4.0M HKD | -2.8M HKD | -1.7M HKD |
| Total expenses | -48.9M HKD | -37.9M HKD | -26.0M HKD |
| INCOME FROM OPERATION | 1.8M HKD | 11.6M HKD | 9.0M HKD |
| Interest income | 32.0K HKD | 93.0K HKD | |
| Interest expense | -1.3M HKD | -3.8M HKD | -5.8M HKD |
| Agency income related party | 1.5M HKD | 1.2M HKD | 2.7M HKD |
| Other income | 42.4K HKD | 134.2K HKD | 326 HKD |
| Other expense | -195.1K HKD | -302.8K HKD | |
| Total other expenses, net | -26.7K HKD | -2.4M HKD | -3.3M HKD |
| Income before tax expenses | 1.8M HKD | 9.1M HKD | 5.7M HKD |
| Income tax expenses | -1.4M HKD | -1.1M HKD | -1.3M HKD |
| NET INCOME | 331.7K HKD | 8.1M HKD | 4.4M HKD |
| Foreign currency translation adjustment | -558.7K HKD | 154.2K HKD | -1.1M HKD |
| TOTAL COMPREHENSIVE INCOME (LOSS) | -227.1K HKD | 8.2M HKD | 3.3M HKD |
| Basic (in Shares) | 4.1M shares | 3.9M shares | 3.6M shares |
| Diluted (in Shares) | 4.1M shares | 3.9M shares | 3.6M shares |
| Earnings per share basic (in Dollars per share and Dollars per share) | 0.08 HKD | 2.06 HKD | 1.23 HKD |
| Earnings per share diluted (in Dollars per share and Dollars per share) | 0.08 HKD | 2.06 HKD | 1.23 HKD |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 2.3M HKD | 9.2M HKD | |||
| Accounts receivable, net of allowance of HKD2,668,186 and HKD465,974 as of December 31, 2024 and 2025, respectively | 7.3M HKD | 34.2M HKD | |||
| Prepayment and other current assets | 29.4M HKD | 24.4M HKD | |||
| Tax recoverable | 995.0K HKD | ||||
| Inventories, net | 12.1M HKD | 3.6M HKD | |||
| Total current assets | 52.6M HKD | 72.3M HKD | |||
| Property and equipment, net | 7.4M HKD | 4.7M HKD | |||
| Right-of-use assets, net | 41.7M HKD | 42.5M HKD | 541.6K HKD | ||
| Intangible assets, net | 11.0M HKD | 13.5M HKD | |||
| Investment in a joint venture | 318.1K HKD | ||||
| Other non-current assets, net | 2.5M HKD | 2.3M HKD | |||
| Deferred tax assets | 72.6K HKD | 206.8K HKD | |||
| Total non-current assets | 63.1M HKD | 63.3M HKD | |||
| Total assets | 115.6M HKD | 135.6M HKD | |||
| Bank borrowings | 4.8M HKD | 27.1M HKD | |||
| Accruals and other payables | 9.4M HKD | 7.3M HKD | |||
| Operating lease liabilities | 4.8M HKD | 3.9M HKD | 541.6K HKD | ||
| Tax payable | 718.4K HKD | 372.5K HKD | |||
| Total current liabilities | 20.1M HKD | 39.3M HKD | |||
| Operating lease liabilities | 36.9M HKD | 38.6M HKD | |||
| Deferred tax liabilities | 2.0M HKD | 920.1K HKD | |||
| Total non-current liabilities | 38.9M HKD | 39.5M HKD | |||
| Total liabilities | 59.0M HKD | 78.8M HKD | |||
| Additional paid-in capital | 106.1M HKD | 106.1M HKD | |||
| Accumulated other comprehensive income | 440.2K HKD | 999.0K HKD | |||
| Accumulated losses | -49.9M HKD | -50.3M HKD | |||
| Total shareholders equity | 56.6M HKD | 56.8M HKD | -2.4M HKD | -60.7M HKD | |
| Total liabilities and shareholders equity | 115.6M HKD | 135.6M HKD | |||
| Accounts receivable, net of allowance | 466.0K HKD | 2.7M HKD |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 2.3M HKD | 9.2M HKD | |||
| Accounts receivable, net of allowance of HKD2,668,186 and HKD465,974 as of December 31, 2024 and 2025, respectively | 7.3M HKD | 34.2M HKD | |||
| Prepayment and other current assets | 29.4M HKD | 24.4M HKD | |||
| Tax recoverable | 995.0K HKD | ||||
| Inventories, net | 12.1M HKD | 3.6M HKD | |||
| Total current assets | 52.6M HKD | 72.3M HKD | |||
| Property and equipment, net | 7.4M HKD | 4.7M HKD | |||
| Right-of-use assets, net | 41.7M HKD | 42.5M HKD | 541.6K HKD | ||
| Intangible assets, net | 11.0M HKD | 13.5M HKD | |||
| Investment in a joint venture | 318.1K HKD | ||||
| Other non-current assets, net | 2.5M HKD | 2.3M HKD | |||
| Deferred tax assets | 72.6K HKD | 206.8K HKD | |||
| Total non-current assets | 63.1M HKD | 63.3M HKD | |||
| Total assets | 115.6M HKD | 135.6M HKD | |||
| Bank borrowings | 4.8M HKD | 27.1M HKD | |||
| Accruals and other payables | 9.4M HKD | 7.3M HKD | |||
| Operating lease liabilities | 4.8M HKD | 3.9M HKD | 541.6K HKD | ||
| Tax payable | 718.4K HKD | 372.5K HKD | |||
| Total current liabilities | 20.1M HKD | 39.3M HKD | |||
| Operating lease liabilities | 36.9M HKD | 38.6M HKD | |||
| Deferred tax liabilities | 2.0M HKD | 920.1K HKD | |||
| Total non-current liabilities | 38.9M HKD | 39.5M HKD | |||
| Total liabilities | 59.0M HKD | 78.8M HKD | |||
| Additional paid-in capital | 106.1M HKD | 106.1M HKD | |||
| Accumulated other comprehensive income | 440.2K HKD | 999.0K HKD | |||
| Accumulated losses | -49.9M HKD | -50.3M HKD | |||
| Total shareholders equity | 56.6M HKD | 56.8M HKD | -2.4M HKD | -60.7M HKD | |
| Total liabilities and shareholders equity | 115.6M HKD | 135.6M HKD | |||
| Accounts receivable, net of allowance | 466.0K HKD | 2.7M HKD |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | 331.7K HKD | 8.1M HKD | 4.4M HKD |
| Depreciation of property and equipment | 1.7M HKD | 685.2K HKD | 33.1K HKD |
| Amortization of intangible assets | 2.5M HKD | 1.5M HKD | 112.0K HKD |
| Inventory provision | 27.7K HKD | 23.6K HKD | 68.5K HKD |
| Provision for (reversal of) expected credit loss | -2.1M HKD | 1.3M HKD | 1.4M HKD |
| Deferred tax expense | 1.1M HKD | 713.3K HKD | 7.9K HKD |
| Accounts receivable | 29.1M HKD | -3.1M HKD | -23.4M HKD |
| Prepayment, other receivables and other current assets | -6.5M HKD | -12.9M HKD | -14.3M HKD |
| Tax recoverable | 995.0K HKD | -995.0K HKD | |
| Inventories | -8.1M HKD | 1.7M HKD | -4.1M HKD |
| Accounts payable | -10.4M HKD | ||
| Accruals and other payables | 1.9M HKD | 4.1M HKD | 1.2M HKD |
| Tax payable | 310.4K HKD | -544.0K HKD | -4.0M HKD |
| Cash (used in) generated from operating activities | 21.4M HKD | 428.2K HKD | -49.0M HKD |
| Purchase of property and equipment | -4.0M HKD | -4.1M HKD | -1.3M HKD |
| Purchase of intangible assets | -15.0M HKD | ||
| Cash used in investing activities | -4.0M HKD | -19.2M HKD | -1.3M HKD |
| Proceeds from bank borrowings | 67.2M HKD | 222.5M HKD | 115.0M HKD |
| Repayment for bank borrowings | -89.6M HKD | -226.1M HKD | -168.6M HKD |
| Proceeds from initial public offerings | 65.6M HKD | ||
| Repayment to related parties | -47.3M HKD | -40.1M HKD | |
| Repayment from related parties | 16.3M HKD | ||
| Advance from related parties | 46.8M HKD | 84.9M HKD | |
| Cash generated from (used in) financing activities | -22.8M HKD | 21.9M HKD | 47.5M HKD |
| Net increase (decrease) in cash and cash equivalents | -5.5M HKD | 3.2M HKD | -2.7M HKD |
| Effect of foreign currency translation on cash and cash equivalents | -1.4M HKD | 164.5K HKD | |
| Interest received | 32.0K HKD | 93.0K HKD | |
| Interest paid | -1.3M HKD | -3.3M HKD | -6.1M HKD |
| Tax (paid) refund | 80.9K HKD | -1.9M HKD | -3.3M HKD |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | 21.1M HKD | 23.2M HKD |
No quarter-by-quarter statement was filed.
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Corporate structure
Neo-Concept International Group Holdings Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Neo-Concept International Group Holdings Ltd
- Orca Capital AG Filed SCHEDULE 13G on Neo-Concept International Group Holdings Ltd, latest Oct 7, 2026
- JANE STREET GROUP, LLC Filed SCHEDULE 13G on Neo-Concept International Group Holdings Ltd, latest Aug 21, 2026
- Eva Yuk Yin Siu Filed SCHEDULE 13D on Neo-Concept International Group Holdings Ltd, latest Jun 15, 2026
- VIAPC 1 Ltd Filed SCHEDULE 13G/A on Neo-Concept International Group Holdings Ltd, latest Dec 16, 2025 (2 filings since Apr 9, 2025)
- Asset Empire International Ltd Filed SC 13D on Neo-Concept International Group Holdings Ltd, latest May 7, 2024
- Neo-Concept International Group Holdings Ltd K3
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Neo-Concept International Group Holdings Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Computer equipment and software | $164.5K6 Dec 31, 2024 | $163.6K5 Dec 31, 2023 | +0.6% |
| Property and equipment, before depreciation | $1.5M2 Dec 31, 2025 | $882.8K6 Dec 31, 2024 | +67.1% |
| Accumulated depreciation | $520.0K2 Dec 31, 2025 | $271.8K6 Dec 31, 2024 | +91.3% |
| Property and equipment, net | $955.5K2 Dec 31, 2025 | $611.0K6 Dec 31, 2024 | +56.4% |
| Operating-lease assets (leased space) | $5.4M2 Dec 31, 2025 | $5.5M6 Dec 31, 2024 | −2.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $299.7K2 Dec 31, 2025 | $1.2M6 Dec 31, 2024 | −74.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $1.4M2 Dec 31, 2025 | $1.7M6 Dec 31, 2024 | −18.6% |
| Finite-lived intangibles, gross | $2.1M2 Dec 31, 2025 | ||
| Accumulated amortization | $675.4K2 Dec 31, 2025 | $355.3K6 Dec 31, 2024 | +90.1% |
| Finite-lived intangibles, net | $1.4M2 Dec 31, 2025 | $2.1M6 Dec 31, 2024 | −32.4% |
Inventory
Leadership
Who has led Neo-Concept International Group Holdings Ltd, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerEva Yuk Yin Siu Mar 18, 2026 to Sep 8, 20267
- Chief executive officerPengfei Jiang Sep 8, 2026 to now8
- Chief financial officerPatrick Kwok Fai Lau Mar 27, 2026 to Aug 11, 20269
- Chief financial officerChun Ming Pang Peter Aug 11, 2026 to now10
Board members and other officers (6)
- Board memberBilly Chun Fai Tang Mar 18, 2026 to now11
- Board memberEva Yuk Yin Siu Mar 18, 2026 to now7
- Board memberJosephine Yan Yeung Mar 18, 2026 to now12
- Board memberPengfei Jiang Mar 18, 2026 to now13
- Board memberMark Gary Singer Mar 27, 2026 to now14
- Board memberChun Kwok Wong Apr 13, 2026 to now15
Timeline
Filings
115 filings to the SEC since October 2021: 3 annual reports, 10 insider forms, 6 large holders, 96 other. The latest 20:
- Oct 7, 2026SCHEDULE 13G EDGAR
- Oct 5, 20266-K EDGAR
- Oct 1, 20266-K EDGAR
- Oct 1, 2026424B5 EDGAR
- Sep 16, 20266-K EDGAR
- Sep 8, 20264 EDGAR
- Aug 26, 20266-K EDGAR
- Aug 21, 2026SCHEDULE 13G EDGAR
- Aug 19, 20266-K EDGAR
- Aug 11, 20263 EDGAR
- Jul 30, 2026EFFECT EDGAR
- Jul 30, 2026F-3/A EDGAR
- Jul 23, 2026F-3 EDGAR
- Jul 8, 20266-K EDGAR
- Jun 17, 2026EFFECT EDGAR
- Jun 17, 2026S-8 POS EDGAR
- Jun 17, 2026POS AM EDGAR
- Jun 16, 2026S-8 EDGAR
- Jun 15, 2026SCHEDULE 13D EDGAR
- Jun 12, 20264 EDGAR
The 115 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Orca Capital AGSCHEDULE 13G, 1 filing Oct 7, 202616
- JANE STREET GROUP, LLCSCHEDULE 13G, 1 filing Aug 21, 202617
- Eva Yuk Yin SiuSCHEDULE 13D, 1 filing Jun 15, 202618
- VIAPC 1 LtdSCHEDULE 13G/A, 2 filings Apr 9, 2025 to Dec 16, 202519
- Asset Empire International LtdSC 13D, 1 filing May 7, 202420
SEC filer profile
How Neo-Concept International Group Holdings Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNeo-Concept International Group Holdings Ltd1
- CIK0001916331
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)2300 Apparel & Other Finishd Prods of Fabrics & Similar Matl1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address10/F Seaview Centre, 139-141 Hoi Bun Road, Kowloon Tong, Hong Kong, Hong Kong1
- Phone852 2798 86391
- Shares outstanding3,464,018 Common Class A shares; 600,000 Common Class B shares as of Dec 31, 20254
- AuditorWWC, P.C., San Mateo, California PCAOB ID 1171; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceAug 30, 20221
- Filings115 in all: 6-K (37), F-1/A (9), 3 (8), CORRESP (8), UPLOAD (8), DRSLTR (5), EFFECT (5), DRS/A (4)1
All 29 form types
20-F (3), SCHEDULE 13G (3), 144 (2), 4 (2), 424B4 (2), F-1 (2), NT 20-F (2), POS AM (2), 424B3 (1), 424B5 (1), 8-A12B (1), CERT (1), DRS (1), F-3 (1), F-3/A (1), FWP (1), S-8 (1), S-8 POS (1), SC 13D (1), SCHEDULE 13D (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (20-F) Apr 30, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Ordinary Shares, par value $0.0003125 per share | NCI | Nasdaq |
From the cover page of the 20-F filed Apr 30, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11SEC EDGARBilly Chun Fai Tang, Board member
- 12SEC EDGARJosephine Yan Yeung, Board member
- 13SEC EDGARPengfei Jiang, Board member
- 14SEC EDGARMark Gary Singer, Board member
- 15SEC EDGARChun Kwok Wong, Board member
- 16
- 17
- 18
- 19
- 20