Carrianna Group Holdings Company Limited (0126) AI Stock Analysis

• Market Cap: HK$196.42M
• Dividend Yield: N/A
• Average Volume (3M): 69.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.42
• Revenue Growth: -6.71%
• EPS Growth: 74.72%
• Country: HK
• Employees: 1,290
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): -0.02
• Shares Outstanding: 1,571,359,400
• 10 Day Avg. Volume: 70,000
• 30 Day Avg. Volume: 69,533
• PEG Ratio: 0.04
• Price to Book (P/B): 0.09
• Price to Sales (P/S): 0.44
• P/FCF Ratio: 1.38
• 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: 45 Neutral
• Price Target: HK$0.12 ▲(1.67% Upside)

Carrianna Group Holdings faces significant financial and technical challenges. The company's declining revenues and profitability, coupled with bearish technical indicators, weigh heavily on its stock score. The negative P/E ratio and lack of dividend yield further contribute to a low valuation score. Overall, the stock is currently unattractive due to these combined factors.

Positive Factors

Diversified business model

A multi‑segment model spanning real estate, hospitality and financial services provides durable revenue diversification. Asset-backed rental and development income plus services revenues help smooth cash flows across cycles and reduce dependence on any single sector over the medium term.

Moderate leverage

A debt/equity ratio near 0.6 indicates moderate leverage that supports project financing while limiting refinancing stress. This balanced capital structure preserves financial flexibility for near-term development or restructuring, lowering long‑term insolvency risk versus high‑leverage peers.

Positive operating cash flow

Consistent positive operating cash flow despite accounting losses shows core operations generate cash. This supports liquidity for working capital and project funding, reduces immediate reliance on external financing, and underpins operational continuity over the coming months.

Negative Factors

Declining revenue and margin erosion

Sustained revenue decline and shrinking gross margins signal structural demand or pricing pressures and reduced operational efficiency. Over several quarters this erodes cash generation and reinvestment ability, limiting growth prospects and competitive positioning in property and hospitality segments.

Negative returns and net losses

Negative ROE and recent net losses indicate the business is not generating acceptable returns on shareholder capital. Persistent losses will force reliance on reserves or new capital, impairing dividend capacity and making long‑term value creation and investor confidence more difficult to restore.

Volatile free cash flow and weak cash conversion

Volatile free cash flow and poor conversion of reported income into cash reduce predictability for funding development projects or debt service. This instability raises refinancing and execution risk for multi‑period property investments and constrains strategic planning over the medium term.

Carrianna Group Holdings Company Limited Business Overview & Revenue Model

Company Description

Carrianna Group Holdings Company Limited, an investment holding company, engages in the operation of hotel, restaurant, and food businesses in Hong Kong and Mainland China. The company operates through two segments: The Restaurant, Food and Hotel; and Property Investment and Development. It operates Carrianna Chiuchow restaurants; owns and operates the Yiyang Carrianna International Hotel in Yiyang, Hunan province, and the Carrianna Hotel in Foshan, Guangdong province; and produces moon cakes under the Carrianna brand. The company also develops and sells properties; and leases residential, commercial, and industrial properties. In addition, it builds and operates a trade and logistics center; operates bakeries and data centers; and invests in a wholesale and retail market for consumer goods. The company was formerly known as Tak Sing Alliance Holdings Limited and changed its name to Carrianna Group Holdings Company Limited in June 2013. The company was founded in 1967 and is headquartered in Kwai Chung, Hong Kong.

How the Company Makes Money

Carrianna Group Holdings generates revenue primarily through its real estate developments and property investments, which provide rental income and capital appreciation. The company also earns revenue from its hospitality segment, which includes hotel operations and management. Additionally, Carrianna Group has financial services that may involve investment management and advisory services, contributing to its earnings. Strategic partnerships with local and international developers and investors help enhance its project pipeline and operational efficiencies, further driving its revenue streams.

Carrianna Group Holdings Company Limited Financial Statement Overview

Summary

Carrianna Group Holdings is facing financial challenges, with declining revenues and profitability. The balance sheet shows moderate leverage, but negative returns on equity highlight profitability issues. Cash flow generation is inconsistent, with recent declines in free cash flow growth. The company needs to address its revenue and profitability challenges to improve its financial health.

Income Statement

The company has experienced declining revenue over the past few years, with a negative revenue growth rate of -6.79% in the most recent year. Gross profit margins have decreased from 46.03% in 2021 to 41.92% in 2025. Net profit margins are negative, indicating losses, with a significant net loss in 2025. The EBIT and EBITDA margins have also declined, reflecting operational challenges.

Balance Sheet

The debt-to-equity ratio has remained relatively stable, around 0.59, indicating moderate leverage. However, the return on equity is negative, reflecting the company's inability to generate profits from shareholders' equity. The equity ratio is stable, suggesting a balanced capital structure, but the negative ROE is a concern.

Cash Flow

Operating cash flow has been positive, but free cash flow has shown volatility, with a significant decline in growth in the most recent year. The operating cash flow to net income ratio is low, indicating challenges in converting income into cash. The free cash flow to net income ratio is relatively high, suggesting some efficiency in cash generation despite net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	577.52M	577.52M	661.86M	683.48M	781.17M	796.03M
Gross Profit	247.45M	242.09M	263.79M	298.89M	374.02M	366.48M
EBITDA	57.63M	18.51M	34.67M	80.11M	222.91M	205.46M
Net Income	-135.19M	-135.19M	-250.25M	-175.68M	3.82M	81.00M
Balance Sheet
Total Assets	5.58B	5.58B	6.13B	6.49B	7.08B	6.77B
Cash, Cash Equivalents and Short-Term Investments	234.45M	234.45M	214.79M	479.21M	518.67M	866.80M
Total Debt	1.72B	1.72B	1.84B	1.88B	1.78B	1.73B
Total Liabilities	2.66B	2.66B	3.04B	2.82B	2.91B	2.85B
Stockholders Equity	2.94B	2.94B	3.12B	3.59B	4.09B	3.84B
Cash Flow
Free Cash Flow	140.00M	182.51M	221.60M	-91.15M	-234.47M	156.40M
Operating Cash Flow	163.32M	205.84M	261.25M	9.90M	-52.96M	203.89M
Investing Cash Flow	74.35M	82.58M	-244.29M	-11.15M	-118.04M	79.53M
Financing Cash Flow	-144.68M	-252.58M	-197.62M	12.96M	28.16M	-81.17M

Carrianna Group Holdings Company Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0126, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.14, and below the 200-day MA of 0.14, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 22.77 is Positive, neither overbought nor oversold. The STOCH value of -6.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0126.

Carrianna Group Holdings Company Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2108	58 Neutral	HK$256.00M	13.68	3.56%	―	-4.47%	-58.44%
1181	57 Neutral	HK$216.28M	-4.93	-18.74%	5.15%	-9.92%	-1260.00%
0703	52 Neutral	HK$91.65M	6.50	3.70%	―	0.41%	-43.14%
0126	45 Neutral	HK$196.42M	-3.46	-1.85%	―	-6.71%	74.72%
8300	43 Neutral	HK$171.82M	94.29	―	―	-24.92%	―
8213	41 Neutral	HK$180.39M	-8.33	―	―	-58.36%	6.25%

Carrianna Group Holdings Company Limited Corporate Events

Carrianna Group Reports Improved Interim Financial Results Despite Losses

Carrianna Group Holdings Company Limited announced its unaudited interim financial results for the six months ending September 30, 2025. The company reported a revenue of HK$324,560,000, a slight increase from the previous year, but faced a loss of HK$34,945,000, an improvement compared to the larger loss in the previous period. The reduction in losses is attributed to decreased selling, distribution, and administrative expenses, despite a decline in other income and gains.

The most recent analyst rating on (HK:0126) stock is a Hold with a HK$0.15 price target. To see the full list of analyst forecasts on Carrianna Group Holdings Company Limited stock, see the HK:0126 Stock Forecast page.