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China New Economy Fund Ltd.
(0080)
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Rating:44Neutral
Price Target:
HK$0.27
▼(-23.71% Downside)
Action:Reiterated
Date:06/24/26
The score is primarily held down by weak financial performance—multi-year losses and consistently negative cash flow, with a sharp 2025 cash burn raising liquidity risk despite low leverage. Technicals add further pressure, as the stock trades below key moving averages with negative MACD and subdued RSI. Valuation provides limited support because the negative P/E reflects ongoing losses and there is no dividend yield data.
Positive Factors
Low Leverage
Very low debt reduces refinancing and interest-rate pressure, giving the firm structural balance-sheet flexibility. Over a multi-month horizon this lowers default risk and provides optionality to raise capital or reallocate assets despite weak operating results.
Negative Factors
Persistent Net Losses
Multi-year net losses erode capital and reduce strategic flexibility. Continued negative earnings undermine the fund’s ability to grow assets under management organically, increase reliance on external funding, and impair long-term sustainability unless operating performance reverses.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low debt reduces refinancing and interest-rate pressure, giving the firm structural balance-sheet flexibility. Over a multi-month horizon this lowers default risk and provides optionality to raise capital or reallocate assets despite weak operating results.
Read all positive factors
China New Economy Fund Ltd. (0080) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$544.58M
Dividend YieldN/A
Average Volume (3M)14.54M
Price to Earnings (P/E)―
Beta (1Y)1.98
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 Ratio5.16
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 operates as a mutual investment fund, which was established and is currently managed by CITIC Securities International Investment Management (HK) Limited. The fund primarily allocates its capital to publicly traded e...
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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | HK$140.82M | 2.50 | 9.71% | ― | 211.60% | 1000.00% | |
48 Neutral | HK$349.92M | 64.80 | 44.48% | ― | ― | ― | |
44 Neutral | HK$544.58M | -14.62 | -20.05% | ― | -89.75% | -12.43% | |
44 Neutral | HK$373.04M | -5.07 | -8.85% | ― | -74.17% | 63.64% | |
41 Neutral | HK$76.40M | -2.16 | -3218.89% | ― | ― | 60.85% | |
40 Underperform | HK$523.08M | -4.65 | -22.40% | ― | -166.78% | 85.53% |
* Financial Sector Average
HK:0080
China New Economy Fund Ltd.
0.25
0.19
316.67%
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China New Economy Fund Ltd. Corporate Events
CAI Corp Delays Share Subscription Circular for Connected Transaction
Jun 22, 2026
CAI Corp has announced a delay in sending a shareholder circular related to a connected transaction involving the subscription of new shares under a specific mandate, originally expected to be dispatched by 22 June 2026. The company now plans to i...
CAI Corp Reports Unaudited Net Asset Value of HK$0.14 Per Share
Jun 15, 2026
CAI Corp has reported an unaudited net asset value of approximately HK$0.14 per share as at 31 May 2026, reflecting the combined position of the company and its subsidiary. The disclosure offers investors an updated snapshot of the firm’s ba...
China New Economy Fund Plans HK$141.9 Million Share Subscription With Controlling Shareholder
May 29, 2026
China New Economy Fund Ltd. has entered into a conditional subscription agreement with its controlling shareholder Longling Capital, under which it will issue 430 million new shares at HK$0.33 each, raising gross proceeds of HK$141.9 million. The ...
CAI Corp Reports Unaudited Net Asset Value of HK$0.14 Per Share
May 15, 2026
CAI Corp, a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 80, operates through at least one subsidiary and is governed by a mix of executive, non-executive and independent non-executive directors. Its ...
CAI Corp Shareholders Unanimously Back Board, Auditor and Capital Mandates at AGM
May 8, 2026
CAI Corp reported that all resolutions at its 8 May 2026 annual general meeting in Hong Kong were approved by shareholders via poll, with unanimous support for receiving the 2025 audited financial statements and reappointing Elite Partners CPA Lim...
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...
Glossary
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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.