China New Economy Fund Ltd. (HK:0080)
:0080
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China New Economy Fund Ltd.
(0080)
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Rating:47Neutral
Price Target:
HK$0.40
▲(14.00% Upside)
Action:ReiteratedDate:04/21/26
The score is held down primarily by weak financial performance—persistent losses and a sharp worsening in operating/free cash flow in 2025—despite a low-debt balance sheet. Technicals are modestly supportive (price above longer-term averages and positive MACD), while valuation remains constrained by the loss-making profile and lack of dividend support.
Positive Factors
Low leverage
Very low leverage (debt-to-equity ~0.6% in 2025) materially reduces refinancing and interest-rate stress. For an investment vehicle this balance-sheet conservatism preserves optionality to hold assets through downturns and reduces structural default risk over months.
Negative Factors
Persistent net losses
Continuous annual losses through 2025 erode equity and limit the firm’s ability to retain earnings for reinvestment. Persistent unprofitability weakens long-term returns, hinders capital accumulation, and increases dependence on external funding to sustain operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage (debt-to-equity ~0.6% in 2025) materially reduces refinancing and interest-rate stress. For an investment vehicle this balance-sheet conservatism preserves optionality to hold assets through downturns and reduces structural default risk over months.
Read all positive factors
China New Economy Fund Ltd. (0080) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$827.76M
Dividend YieldN/A
Average Volume (3M)14.54M
Price to Earnings (P/E)―
Beta (1Y)1.65
Revenue Growth-89.75%
EPS Growth-12.43%
CountryHK
Employees5
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.02
Shares Outstanding2,178,328,100
10 Day Avg. Volume16,003,826
30 Day Avg. Volume14,544,774
Financial Highlights & Ratios
PEG Ratio5.17
Price to Book (P/B)2.01
Price to Sales (P/S)-99.24
P/FCF Ratio-2.44
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
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China New Economy Fund Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
8
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | -5.25M | -2.84M | -59.02M | -8.81M | -35.87M |
| Gross Profit | -6.77M | -6.03M | 126.34K | -9.79M | -36.77M |
| EBITDA | -30.85M | -27.58M | -50.79M | -52.43M | -4.57M |
| Net Income | -31.67M | -28.98M | -52.44M | -52.75M | -4.98M |
Balance Sheet | |||||
| Total Assets | 262.80M | 65.12M | 95.24M | 149.41M | 115.83M |
| Cash, Cash Equivalents and Short-Term Investments | 231.84M | 55.97M | 83.65M | 144.27M | 111.63M |
| Total Debt | 1.67M | 197.90K | 1.46M | 536.98K | 924.56K |
| Total Liabilities | 3.47M | 4.26M | 5.41M | 7.13M | 2.09M |
| Stockholders Equity | 259.34M | 60.86M | 89.84M | 142.27M | 113.74M |
Cash Flow | |||||
| Free Cash Flow | -213.44M | -2.88M | -9.90M | -9.22M | -13.32M |
| Operating Cash Flow | -211.94M | -2.88M | -9.90M | -9.22M | -13.32M |
| Investing Cash Flow | -1.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 229.59M | -1.42M | -619.47K | 80.90M | 44.44M |
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$49.60M | 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$153.62M | 2.94 | 9.71% | ― | 216.75% | 1000.00% | |
55 Neutral | HK$371.34M | 0.58 | 65.61% | ― | 35.11% | ― | |
47 Neutral | HK$827.76M | -16.44 | -20.05% | ― | -89.75% | -12.43% | |
41 Neutral | HK$270.58M | -25.07 | -13.62% | ― | -27.08% | -435.53% |
* Financial Sector Average
HK:0080
China New Economy Fund Ltd.
0.39
0.33
640.38%
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China New Economy Fund Ltd. Corporate Events
CAI Corp Sets 2026 AGM to Renew Board, Auditor and Seek Capital-Issuance Mandate
Apr 16, 2026
CAI Corp has called its annual general meeting for 8 May 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and receive reports from directors and auditors. The meeting will also ...
CAI Corp Updates Investors on March 2026 Net Asset Value
Apr 15, 2026
CAI Corp, a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 80, reports its financial position primarily through net asset value per share as a key metric for investors. The company is overseen by a mixe...
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...
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.
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