China New Economy Fund Ltd. (HK:0080)
:0080
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China New Economy Fund Ltd.
(0080)
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Rating:46Neutral
Price Target:
HK$0.31
▼(-11.71% Downside)
Action:N/ADate:01/04/26
The score is primarily held down by weak financial performance driven by persistent losses, steep revenue decline in 2024, and ongoing negative operating/free cash flow. Technical indicators are neutral-to-soft and do not provide a strong offset, while valuation metrics are constrained by negative earnings and the lack of a dividend yield.
Positive Factors
Strong Balance Sheet
Very low leverage reduces refinancing and solvency risk for an investment vehicle, preserving financial flexibility. With debt-to-equity near zero, the fund can better withstand market drawdowns, hold positions through cycles and deploy capital opportunistically without near-term refinancing pressure, supporting multi-month stability.
Negative Factors
Persistent Losses
Multi-year net losses and recurring negative operating cash flow point to structural profitability issues for the vehicle. Persistent unprofitability erodes equity value, impairs the fund's capacity to compound returns internally, and increases the likelihood management must change strategy, cut costs, or seek external capital, which can alter long-term outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
Very low leverage reduces refinancing and solvency risk for an investment vehicle, preserving financial flexibility. With debt-to-equity near zero, the fund can better withstand market drawdowns, hold positions through cycles and deploy capital opportunistically without near-term refinancing pressure, supporting multi-month stability.
Read all positive factors
China New Economy Fund Ltd. (0080) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$958.46M
Dividend YieldN/A
Average Volume (3M)14.54M
Price to Earnings (P/E)―
Beta (1Y)1.64
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees5
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.01
Shares Outstanding2,178,328,100
10 Day Avg. Volume16,003,826
30 Day Avg. Volume14,544,774
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)1.95
Price to Sales (P/S)-41.87
P/FCF Ratio-41.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
China New Economy Fund Ltd. Business Overview & Revenue Model
Company Description
China New Economy Fund Limited is a mutual fund launched and managed by CITIC Securities International Investment Management (HK) Limited. It invests in public equity markets. China New Economy Fund Limited is domiciled in Cayman Islands....
How the Company Makes Money
China New Economy Fund Ltd. makes money primarily through investment returns from its portfolio rather than through operating sales. Key earnings sources typically include: (1) Net realized gains/losses from selling investments at prices higher/lo...
China New Economy Fund Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -2.79M | -2.84M | -59.02M | -8.81M | -35.87M | -30.01M |
| Gross Profit | -3.49M | -6.03M | 126.34K | -9.79M | -36.77M | -30.73M |
| EBITDA | -20.40M | -27.58M | -50.79M | -52.43M | -4.57M | -30.88M |
| Net Income | -20.60M | -28.98M | -52.44M | -52.75M | -4.98M | -31.11M |
Balance Sheet | ||||||
| Total Assets | 60.14M | 65.12M | 95.24M | 149.41M | 115.83M | 77.61M |
| Cash, Cash Equivalents and Short-Term Investments | 51.37M | 55.97M | 83.65M | 144.27M | 111.63M | 72.55M |
| Total Debt | 0.00 | 197.90K | 1.46M | 536.98K | 924.56K | 77.11K |
| Total Liabilities | 3.63M | 4.26M | 5.41M | 7.13M | 2.09M | 6.50M |
| Stockholders Equity | 56.51M | 60.86M | 89.84M | 142.27M | 113.74M | 71.11M |
Cash Flow | ||||||
| Free Cash Flow | -7.22M | -2.88M | -9.90M | -9.22M | -13.32M | -14.44M |
| Operating Cash Flow | -7.22M | -2.88M | -9.90M | -9.22M | -13.32M | -14.44M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -858.88K | -1.42M | -619.47K | 80.90M | 44.44M | 39.98M |
China New Economy Fund Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$50.87M | 2.02 | 12.37% | ― | 43.59% | 104.35% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
57 Neutral | HK$166.42M | 2.94 | 3.60% | ― | 38.96% | 700.00% | |
55 Neutral | HK$383.71M | 0.58 | 65.61% | ― | 35.11% | ― | |
46 Neutral | HK$958.46M | -16.44 | -20.05% | ― | ― | ― | |
45 Neutral | HK$312.21M | 130.39 | 9.63% | ― | 99.09% | ― |
* Financial Sector Average
HK:0080
China New Economy Fund Ltd.
0.44
0.38
645.76%
HK:1217
China Innovation Investment Limited
0.01
<0.01
30.00%
HK:1226
China Investment and Finance Group Ltd
0.93
0.42
82.35%
HK:2312
China Financial Leasing Group Ltd
0.75
0.66
733.33%
HK:0721
China Financial International Investments Limited
0.06
0.03
122.22%
HK:0768
UBA Investments Ltd.
0.04
0.01
53.85%
China New Economy Fund Ltd. Corporate Events
CAI Corp Posts Wider Annual Loss as Fair Value Hits Deepen
Mar 16, 2026
CAI Corp reported a consolidated loss attributable to equity holders of HK$31.7 million for the year ended 31 December 2025, widening slightly from the HK$29.0 million loss a year earlier as revenue fell sharply to HK$22,788 and negative fair valu...
CAI Corp Reports Unaudited Net Asset Value of HK$0.15 per Share
Mar 13, 2026
CAI Corp reported that its unaudited net asset value per share stood at approximately HK$0.15 as of 28 February 2026, providing investors with an updated snapshot of the company’s underlying asset base. The disclosure, approved by chairman C...
CAI Corp Sets March Board Meeting to Approve 2025 Annual Results
Mar 4, 2026
CAI Corp has scheduled a board meeting for 16 March 2026 in Hong Kong to review and approve the consolidated annual results for the financial year ended 31 December 2025. The meeting will also address other unspecified business matters, signaling ...
CAI Corp Completes Connected Deals, Boosts Controlling Shareholder’s Stake
Feb 16, 2026
CAI Corp has completed previously announced discloseable and connected transactions, finalizing two equity transfer agreements on 16 February 2026. Following the deals, the company now holds about 9.09% of Forestheaven and 3.15% of EXIO, but the t...
CAI Corp Updates Market on HK$0.14 Net Asset Value per Share
Feb 13, 2026
CAI Corp has reported an unaudited net asset value per share of approximately HK$0.14 as at 31 January 2026, providing investors with an updated snapshot of the company’s underlying asset base. The disclosure, issued by chairman Cai Wensheng...
CAI Corp Wins Strong Shareholder Backing for Equity Deals and 2026 Share Scheme
Feb 10, 2026
CAI Corp shareholders approved all resolutions at an extraordinary general meeting held on 10 February 2026 in Hong Kong, including two equity transfer agreements and the adoption of a new 2026 share scheme. The equity transfer agreements received...
CAI Corp Sets Out Board Line-Up and Committee Roles
Feb 2, 2026
CAI Corp has announced the current composition of its board of directors, naming Hong Yupeng and Lui Cheuk Hang Henri as executive directors, Cai Wensheng as non-executive chairman, and Li Jin, Hsieh Yafang and Li Jianbin as independent non-execut...
CAI Corp Executive Director Chan Cheong Yee to Resign in February 2026
Jan 30, 2026
CAI Corp has announced that executive director Chan Cheong Yee will step down from the board with effect from 1 February 2026 to focus on other career opportunities. The company emphasized that Chan has no claims against CAI Corp and no disagreeme...
CAI Corp Calls EGM to Approve Share-Funded Acquisitions From Longling Capital
Jan 20, 2026
CAI Corp has called an extraordinary general meeting for 10 February 2026 in Hong Kong to seek shareholder approval for two equity transfer agreements entered into with Longling Capital in December 2025. Under these agreements, the company propose...
CAI Corp Reports Unaudited Net Asset Value Per Share of HK$0.14 as of End-2025
Jan 15, 2026
CAI Corp has announced that its unaudited net asset value per share stood at approximately HK$0.14 as at 31 December 2025, providing investors with an updated snapshot of the company’s balance-sheet strength. The disclosure of the latest NAV...
CAI Corp Delays Circular on Connected Acquisitions and 2025 Share Scheme
Jan 12, 2026
CAI Corp has announced a delay in sending to shareholders a circular related to its previously disclosed plans to acquire equity interests in two target companies through discloseable and connected transactions that will be settled partly via the ...
CAI Corp CFO to Step Down at End of 2025
Dec 31, 2025
CAI Corp has announced that its chief financial officer, Mr. Tai Man Hin Tony, will resign with his last day of employment on 31 December 2025 to pursue other career opportunities. The company stated that Mr. Tai has no disagreements with the boar...
China New Economy Fund Announces New Share Scheme and Equity Acquisitions
Dec 17, 2025
China New Economy Fund Ltd. has announced discloseable and connected transactions involving the acquisition of equity interests in two companies, Forestheaven and EXIO, totaling 12.24% combined equity interest. The acquisitions will be financed th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.