Tianli Holdings Group Limited (0117) AI Stock Analysis

• Market Cap: HK$238.32M
• Dividend Yield: N/A
• Average Volume (3M): 32.07K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.03
• Revenue Growth: 27.42%
• EPS Growth: 39.45%
• Country: HK
• Employees: 1,257
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.05
• Shares Outstanding: 744,750,000
• 10 Day Avg. Volume: 18,800
• 30 Day Avg. Volume: 32,066
• PEG Ratio: 0.03
• Price to Book (P/B): 0.30
• Price to Sales (P/S): 0.28
• P/FCF Ratio: -0.80
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: HK$0.37 ▲(3.33% Upside)

The score is held down primarily by weak financial performance (ongoing losses, high leverage, and negative free cash flow), reinforced by bearish technical momentum (price below key moving averages, negative MACD, oversold RSI/Stoch). Valuation provides limited support because the company is loss-making and no dividend yield is available.

Positive Factors

Top-line Growth

Sustained ~27% revenue growth indicates underlying demand and market traction in its hardware segment. Over 2-6 months this top-line momentum can provide operational leverage, support scale efficiencies, and create room to prioritize margin recovery or reinvestment if cost controls are implemented.

Improving Earnings Trends

Reported ~39% EPS growth signals improving unit economics or reduced losses versus prior periods. If this trend is durable, it suggests management can restore profitability through operational improvements and pricing or mix shifts, making a medium-term recovery in fundamentals more plausible.

Access to Capital Markets

Listing on the Hong Kong Exchange provides ongoing access to equity and debt markets for refinancing or capital raises. This structural advantage supports the company's ability to address leverage, fund restructuring or growth initiatives, and secure strategic partners over the medium term.

Negative Factors

Negative Profitability

Persistent negative net income and deteriorating gross and net margins indicate structural profitability challenges. Over several months this undermines retained earnings, limits reinvestment capacity, and requires meaningful margin improvements or revenue quality gains to achieve sustainable profitability.

Poor Cash Generation

Material negative free cash flow and weak operating cash conversion mean earnings do not translate into liquidity. This structural cash shortfall constrains working capital, capex, and debt servicing, forcing reliance on external financing until operations generate positive free cash flow.

High Leverage and Falling Equity

A high debt-to-equity position with declining shareholders' equity elevates solvency and refinancing risk. Over a multi-month horizon, this reduces financial flexibility, increases interest burden, and can limit strategic options unless deleveraging or equity support occurs to restore balance-sheet resilience.

Tianli Holdings Group Limited Business Overview & Revenue Model

Company Description

Tianli Holdings Group Limited, an investment holding company, manufactures and sells multi-layer ceramic chips (MLCC) in Mainland China, Hong Kong, and internationally. It operates through three segments: Manufacture and Sale of MLCC, Investment and Financial Services, and Other General Trading. The company also offers investment and financial services, including direct investments in debt and equity assets; asset and fund management; financial advisory services; and financial technologies. In addition, it trades in electronic components and commodities, such as metals, minerals, and petroleum products, as well as holds properties. The company was formerly known as EYANG Holdings (Group) Co., Limited and changed its name to Tianli Holdings Group Limited in July 2016. Tianli Holdings Group Limited was incorporated in 2007 and is headquartered in Central, Hong Kong.

How the Company Makes Money

Tianli Holdings generates revenue through multiple streams, primarily from the sale of its manufactured consumer products across different categories. The company capitalizes on its established relationships with retail partners and distributors, allowing it to reach a broad customer base. Revenue is further bolstered by strategic partnerships with suppliers and retailers, enabling Tianli to optimize production costs and enhance product offerings. The company's emphasis on quality control and market responsiveness also contributes to its earnings by fostering customer loyalty and repeat business.

Tianli Holdings Group Limited Financial Statement Overview

Summary

Weak fundamentals: negative net income with declining margins, high leverage with declining equity, and significant negative free cash flow that suggests poor cash generation versus reported earnings.

Income Statement

Tianli Holdings Group Limited's income statement reveals a challenging financial performance with negative net income and declining margins. The gross profit margin has decreased over the years, and the net profit margin remains negative, indicating consistent losses. Revenue growth has shown some fluctuation, but the overall trend is not strong enough to offset the losses. The company faces significant challenges in achieving profitability.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio, indicating potential leverage risks. Stockholders' equity has been declining, and with increasing liabilities, the financial stability of the company is under pressure. The equity ratio is also declining, reflecting a decrease in owners' equity compared to total assets. The company needs to address its debt levels to improve financial stability.

Cash Flow

The cash flow statement highlights significant negative free cash flow, raising concerns about the company's ability to generate cash from operations. The operating cash flow to net income ratio is unfavorable, indicating that earnings are not translating into cash. The company needs to improve its cash flow management to support operations and growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	631.69M	548.00M	488.02M	361.38M	548.51M	441.57M
Gross Profit	120.51M	81.52M	77.87M	15.75M	218.19M	150.79M
EBITDA	32.55M	-13.41M	-88.28M	-79.64M	158.40M	39.50M
Net Income	-128.00M	-153.37M	-222.15M	-63.85M	68.82M	-5.77M
Balance Sheet
Total Assets	2.24B	2.21B	2.01B	1.82B	1.59B	1.36B
Cash, Cash Equivalents and Short-Term Investments	91.01M	107.44M	403.77M	218.35M	62.86M	60.30M
Total Debt	1.42B	1.37B	1.09B	715.64M	420.61M	258.01M
Total Liabilities	1.76B	1.70B	1.35B	926.45M	641.10M	478.34M
Stockholders Equity	481.19M	517.60M	667.96M	886.60M	939.23M	870.68M
Cash Flow
Free Cash Flow	-192.17M	-191.26M	-334.71M	-368.02M	-155.73M	-124.13M
Operating Cash Flow	-53.00M	-52.09M	-4.51M	-9.37M	12.47M	15.26M
Investing Cash Flow	-28.97M	-126.34M	-332.56M	-275.29M	-148.71M	-132.70M
Financing Cash Flow	81.64M	209.89M	307.18M	267.12M	133.87M	-6.67M

Tianli Holdings Group Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.36
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0117, the sentiment is Negative. The current price of 0.36 is above the 20-day moving average (MA) of 0.35, below the 50-day MA of 0.41, and below the 200-day MA of 0.45, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 38.59 is Neutral, neither overbought nor oversold. The STOCH value of 14.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0117.

Tianli Holdings Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1480	77 Outperform	HK$268.80M	6.44	5.64%	5.22%	-16.27%	-36.15%
0833	72 Outperform	HK$293.30M	4.32	9.83%	9.09%	0.64%	-26.43%
0591	68 Neutral	HK$378.69M	19.23	1.03%	―	38.86%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
1206	50 Neutral	HK$293.32M	-1.32	-7.49%	―	10.81%	-30.55%
0117	43 Neutral	HK$238.32M	-1.72	-23.44%	―	27.42%	39.45%
1298	42 Neutral	HK$269.93M	-171.64	-1.14%	―	12.44%	-419.05%