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China Investments Holdings Limited (HK:0132)
:0132
Hong Kong Market

China Investments Holdings Limited (0132) AI Stock Analysis

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HK:0132

China Investments Holdings Limited

(0132)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
HK$0.22
â–¼(-3.48% Downside)
The score is held back primarily by weak cash flow and high leverage within financial performance, alongside a very expensive P/E valuation. Technicals also lean negative with the stock below key moving averages and a negative MACD, while revenue/operating improvements and a moderate dividend yield provide only partial support.
Positive Factors
Diversified revenue streams
China Investments earns revenue from property development, recurring rental income and asset-management fees plus joint ventures. This diversified business mix smooths cash flows across real estate cycles, provides recurring fee revenue and spreads execution risk over projects and partners.
Improving operating efficiency
Reported improvements in EBIT/EBITDA and a rebound in profitability reflect better cost control and operational execution. Sustained margin improvement enhances cash conversion potential and supports reinvestment in projects or deleveraging over the medium term if management maintains discipline.
Strengthening equity base
An increasing shareholders' equity balance indicates improving capitalization and a larger buffer against losses. Stronger equity lowers refinancing and solvency risk, improving access to capital and supporting project financing or joint-venture participation over the next several quarters.
Negative Factors
High leverage
Material leverage and a high debt-to-equity ratio increase interest expense and refinancing risk, constraining capital allocation. Elevated leverage limits flexibility to fund developments internally and raises vulnerability to rate or revenue shocks over the medium term.
Negative operating and free cash flow
Persistent negative operating and free cash flow mean core activities are not funding investment or debt service, creating reliance on external financing. Until operations generate sustainable positive cash, the company faces pressure on liquidity and limited ability to reduce leverage.
Weak recent revenue and EPS trends
Recent near-flat revenue and a severe EPS decline indicate earnings volatility and transitory or structural margin pressure. Such weak top-line and EPS trends undermine reliable cash generation and raise uncertainty about sustaining recent profitability improvements without clearer revenue recovery.

China Investments Holdings Limited (0132) vs. iShares MSCI Hong Kong ETF (EWH)

China Investments Holdings Limited Business Overview & Revenue Model

Company DescriptionChina Investments Holdings Limited, an investment holding company, engages in the big data, civil explosives, property development and investment, financial leasing, hotel operation, and wellness elderly care businesses in Hong Kong and Mainland China. The company is involved in the provision of finance lease consulting services and financing services; and hotel ownership and management services. It also holds investment properties and properties held for sale, as well as holds investment in the development and construction of industrial parks. In addition, the company engages in the elderly care services business; and industrial internet platform construction, smart city construction, and big data operation and management. Further, it manufactures and sells civil explosives, such as emulsion explosives and industrial detonating cords; and provides financial investment services, as well as engages in property trading activities. Additionally, the company manufactures and trades in medium density fiberboards; provides transportation and carriage services for general and hazardous goods; and generates and sells electricity. The company was incorporated in 1993 and is based in Tsimshatsui, Hong Kong. China Investments Holdings Limited is a subsidiary of Prize Rich Inc.
How the Company Makes MoneyChina Investments Holdings Limited generates revenue through multiple key streams. Primarily, the company earns income from property development and sales, where it develops and sells residential and commercial properties in strategic locations. It also generates rental income from its investment properties, which contributes a steady cash flow. Additionally, the company engages in asset management services, earning management fees from managing investment portfolios for clients. Strategic partnerships and joint ventures with other firms in real estate and financial sectors further enhance its earning potential, allowing for shared resources and expanded market reach.

China Investments Holdings Limited Financial Statement Overview

Summary
Revenue and operating efficiency have improved, with better EBIT/EBITDA trends and a rebound in profitability. Offsetting this, leverage remains high and operating/free cash flow are negative, indicating weaker cash generation and higher financial risk.
Income Statement
65
Positive
The company shows a positive trend in revenue growth over the past years, with a significant increase in total revenue from 2019 to 2024. Gross profit margin has remained relatively stable, indicating consistent cost management. However, net profit margin has been volatile, with recent improvements in profitability as seen in 2024. EBIT and EBITDA margins have also shown improvement, suggesting better operating efficiency.
Balance Sheet
58
Neutral
The company's balance sheet reflects high leverage, with a substantial debt-to-equity ratio over the years, indicating potential financial risk. However, the stockholders' equity has been increasing, which suggests strengthening capitalization. The equity ratio is relatively low, reflecting higher liabilities compared to assets, but some improvement is noted in recent years.
Cash Flow
48
Neutral
Cash flow from operations has been negative, indicating challenges in generating cash from core activities. Free cash flow has also been consistently negative, suggesting reliance on external financing. However, there is some improvement in free cash flow in recent periods, although it remains a concern for sustainability.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue805.93M798.96M821.42M685.33M520.85M293.56M
Gross Profit346.05M327.14M316.10M290.04M205.24M155.79M
EBITDA216.44M203.91M154.67M105.86M179.43M82.50M
Net Income2.56M60.72M26.93M-21.54M-15.50M-83.87M
Balance Sheet
Total Assets7.82B7.48B9.76B9.07B8.30B6.11B
Cash, Cash Equivalents and Short-Term Investments570.92M717.17M592.18M999.25M931.12M887.61M
Total Debt5.40B5.15B5.32B6.30B5.50B3.77B
Total Liabilities5.92B5.65B7.64B6.98B6.11B4.12B
Stockholders Equity1.13B1.07B980.03M1.01B1.19B1.14B
Cash Flow
Free Cash Flow-304.31M-532.84M-851.39M-995.12M-1.62B-715.03M
Operating Cash Flow-312.64M-400.45M-554.06M-717.44M-1.02B-265.33M
Investing Cash Flow126.37M627.60M-314.59M-292.06M-469.80M-158.26M
Financing Cash Flow-222.35M-85.21M596.86M1.14B1.52B157.25M

China Investments Holdings Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.23
Price Trends
50DMA
0.23
Negative
100DMA
0.24
Negative
200DMA
0.26
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
45.36
Neutral
STOCH
40.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0132, the sentiment is Neutral. The current price of 0.23 is above the 20-day moving average (MA) of 0.21, below the 50-day MA of 0.23, and below the 200-day MA of 0.26, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.36 is Neutral, neither overbought nor oversold. The STOCH value of 40.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0132.

China Investments Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
60
Neutral
HK$477.74M9.5542.14%―-11.49%85.40%
51
Neutral
HK$402.30M―――――
50
Neutral
HK$340.75M132.67-4.32%2.45%-1.50%-96.83%
45
Neutral
HK$187.57M-0.88-18.50%―-19.10%83.61%
41
Neutral
HK$490.00M-1.32-4.03%―55.27%68.84%
39
Underperform
HK$736.73M200.000.60%―――
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0132
China Investments Holdings Limited
0.21
-0.05
-18.46%
HK:8227
Xi'an Haitiantian Holdings Co
0.20
-0.09
-32.20%
HK:0202
EverChina Int'l Holdings Company Ltd
0.10
-0.02
-20.00%
HK:1282
Glory Sun Financial Group Limited
0.10
>-0.01
-9.43%
HK:1468
Kingkey Financial International (Holdings) Ltd.
0.11
-0.72
-86.99%
HK:8162
Loco Hong Kong Holdings Ltd
0.49
-0.07
-11.82%

China Investments Holdings Limited Corporate Events

Hing Yip Subsidiary Seals RMB10 Million Finance Lease in Discloseable Deal
Jan 20, 2026

Hing Yip Holdings’ subsidiary Greengold Leasing has entered into a new finance lease arrangement in which it will acquire unencumbered ownership of certain assets from an independent lessee for RMB10 million and immediately lease them back for 60 months, with total lease payments of about RMB11.884 million. The deal, when aggregated with an earlier finance lease signed in November 2025 with the same lessee, crosses the 5% threshold under Hong Kong listing rules and is therefore classified as a discloseable transaction, underscoring the growing scale of the group’s leasing portfolio and its continued use of asset-backed financing structures funded by internal resources and/or external banking facilities.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.21 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

Hing Yip Extends Tenors and Restructures Payments on RMB67 Million Finance Leases
Jan 8, 2026

Hing Yip Holdings Limited, via its subsidiary Greengold Leasing, focuses on providing finance leasing solutions tied to industrial and environmental infrastructure assets, notably sewage treatment equipment and facilities used by third-party lessees in mainland China.

The company has executed adjustment agreements with an independent lessee to extend the lease terms of three existing finance leases and revise the total outstanding lease payments, covering both principal and accrued interest and expenses. As of the agreement date, the outstanding lease principal under these leases totals approximately RMB67.14 million, with the revised schedule for one lease setting total remaining payments at about RMB41.03 million, to be settled quarterly over an extended term. The lease periods for the related sewage treatment assets have been lengthened by one to two years, ensuring continued use of the assets by the lessee and ongoing leasing income for Hing Yip. The transaction meets the thresholds of a discloseable transaction under Hong Kong listing rules, underscoring its materiality to the group’s leasing portfolio and future cash flow profile, though it remains below the level requiring shareholder approval.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.25 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

Hing Yip Unit Greengold Leasing Enters RMB36 Million Sale-and-Leaseback Deal
Dec 23, 2025

Hing Yip Holdings Limited’s subsidiary Greengold Leasing has entered into two finance lease arrangements with an independent third-party lessee, acquiring unencumbered ownership of two sets of assets for a total of RMB36 million and leasing them back to the lessee for six years. The transaction, funded by internal resources and/or external banking facilities, will generate a combined lease payment stream of about RMB45.22 million including interest and fees, and qualifies as a discloseable transaction under Hong Kong listing rules, underscoring the group’s ongoing deployment of leasing finance to enhance returns while expanding its leasing portfolio.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.25 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

Hing Yip Holdings Engages in Strategic Finance Lease
Dec 11, 2025

Greengold Leasing, a subsidiary of Hing Yip Holdings Limited, has entered into a finance lease agreement with an independent third party. The transaction involves acquiring ownership of assets from the lessee for RMB32,000,000 and leasing them back for six years. This transaction is classified as discloseable under Hong Kong’s Listing Rules due to its financial magnitude. The agreement, valued at approximately RMB39,628,000 in total payments, reflects strategic financial planning by Hing Yip Holdings to leverage internal and external resources for optimizing asset management.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.25 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

China Investments Holdings Enters Discloseable Finance Lease Agreement
Dec 5, 2025

China Investments Holdings Limited, through its subsidiary Greengold Leasing, has entered into a finance lease agreement with an independent third-party lessee. The transaction involves acquiring ownership of certain assets for RMB20,000,000, which will be leased back to the lessee for 74 months. This agreement is considered a discloseable transaction under the Hong Kong Listing Rules due to the applicable percentage ratios exceeding 5% but remaining below 25%. The transaction is expected to be funded through internal resources and/or external banking facilities, with the total lease payments amounting to approximately RMB24,671,000.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.25 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

Hing Yip Holdings Subsidiary Enters Discloseable Finance Lease Agreement
Dec 2, 2025

Greengold Leasing, a subsidiary of Hing Yip Holdings Limited, has entered into a finance lease agreement as the lessor, acquiring assets from an independent third party for RMB30,000,000 and leasing them back for seven years. This transaction, classified as discloseable under Hong Kong’s Listing Rules, involves a total payment of approximately RMB39,571,000, including interest and fees, and is funded through internal resources and external banking facilities.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.25 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

China Investments Holdings Adjusts Lease Agreements to Enhance Financial Strategy
Nov 28, 2025

China Investments Holdings Limited, through its subsidiary Greengold Leasing, has entered into adjustment agreements for existing finance leases with two lessees. These agreements involve extending the lease periods and adjusting the total outstanding lease payments. The adjustments are significant enough to be considered discloseable transactions under the Listing Rules, indicating a strategic move to manage financial obligations and maintain operational flexibility.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.25 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

China Investments Holdings Secures Major Finance Lease Deal
Nov 26, 2025

China Investments Holdings Limited, through its subsidiary Greengold Leasing, has entered into major finance lease agreements valued at RMB90,000,000 with an independent lessee. This transaction, which involves leasing back assets to the lessee for five years, is significant enough to require shareholder approval under Hong Kong’s Listing Rules. However, the company has already secured the necessary written approval from its major shareholder, Prize Rich Inc., thus exempting it from convening a general meeting.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.25 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

China Investments Holdings Enters Discloseable Finance Lease
Nov 14, 2025

China Investments Holdings Limited, through its subsidiary Greengold Leasing, has entered into a finance lease agreement with a lessee for the ownership transfer and leaseback of assets valued at RMB30,000,000. This transaction is classified as a discloseable transaction under the Listing Rules due to its applicable percentage ratios exceeding 5% but remaining under 25%, indicating a significant but not major impact on the company’s financial disclosures.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

Hing Yip Holdings Granted Waiver for Circular Dispatch Delay
Nov 6, 2025

Hing Yip Holdings Limited, listed on the Hong Kong Stock Exchange, announced a delay in the dispatch of a circular related to the disposal of a 31% equity interest in Guangdong Nanhong Civil Explosives Co., Ltd. The company has been granted a waiver from strict compliance with the listing rules, allowing an extension for the publication of the circular until 28 November 2025. This waiver is conditional and may be withdrawn if circumstances change, impacting the company’s regulatory obligations and timeline commitments.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

China Investments Holdings Enhances Leasing Operations with New Finance Lease Agreement
Nov 4, 2025

China Investments Holdings Limited, through its subsidiary Greengold Leasing, has entered into a finance lease agreement with a lessee, acquiring ownership of certain assets for RMB14,000,000, which will be leased back to the lessee for five years. This transaction, combined with a previous lease, constitutes a discloseable transaction under the Hong Kong Listing Rules, indicating a strategic move to enhance the company’s leasing operations and financial positioning.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

China Investments Holdings Enters Discloseable Finance Lease Agreement
Oct 31, 2025

China Investments Holdings Limited, through its subsidiary Greengold Leasing, has entered into a finance lease agreement with a lessee for the transfer and leaseback of assets valued at RMB40,000,000. This transaction is classified as a discloseable transaction under the Listing Rules, as it exceeds a 5% threshold but remains under 25%. The lease involves a four-year term with total payments amounting to approximately RMB46,557,000, including principal and interest, to be paid quarterly.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

China Investments Holdings Expands Leasing Portfolio with New Finance Leases
Oct 31, 2025

China Investments Holdings Limited, through its subsidiary Greengold Leasing, has entered into finance leases with an independent third-party lessee. The transaction involves acquiring ownership of assets valued at RMB80,000,000 and leasing them back to the lessee for eight years. This move is classified as a discloseable transaction under the Hong Kong Listing Rules due to its financial scale. The transaction is expected to enhance the company’s leasing portfolio and strengthen its market position in the finance leasing sector.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

China Investments Holdings Enters Discloseable Finance Lease Agreement
Oct 27, 2025

China Investments Holdings Limited, through its subsidiary Greengold Leasing, has entered into a finance lease agreement with an independent third-party lessee. The transaction involves the acquisition of assets valued at RMB30,000,000, which will be leased back to the lessee for 54 months. This transaction is classified as discloseable under the Hong Kong Stock Exchange’s listing rules due to its size. The finance lease terms were negotiated based on the asset’s original cost and market conditions, and the lease payments will be made quarterly.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

Hing Yip Holdings Announces Major Equity Disposal
Oct 24, 2025

Hing Yip Holdings Limited, incorporated in Bermuda, announced a major transaction involving the disposal of a 31% equity interest in Guangdong Nanhong Civil Explosives Co., Ltd. The valuation of this transaction was conducted using a discounted cash flow method, and it is regarded as a profit forecast under the Listing Rules. The announcement provides further details on the profit forecast, assuming that the target company will continue its operations and meet market demands post-transaction. The assumptions include stable economic conditions, compliance with laws, and consistent business operations, which are crucial for stakeholders to consider.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

China Investments Holdings Expands Leasing Portfolio with New Finance Leases
Oct 24, 2025

China Investments Holdings Limited, through its subsidiary Greengold Leasing, has entered into finance leases with a lessee to acquire assets worth RMB30,000,000, which will be leased back to the lessee for six years. This transaction, classified as discloseable under the Listing Rules, involves a strategic financial arrangement that enhances the company’s leasing portfolio and demonstrates its capability to manage substantial financial transactions, potentially impacting its market positioning positively.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

Hing Yip Holdings Delays Circular on Equity Disposal
Oct 23, 2025

Hing Yip Holdings Limited, a company incorporated in Bermuda, has announced a delay in the despatch of a circular related to the disposal of a 31% equity interest in Guangdong Nanhong Civil Explosives Co., Ltd. The company has sought a waiver from the Stock Exchange to extend the deadline for the publication of this circular, which will include further details on the disposal. This delay may affect stakeholders awaiting detailed information on the transaction.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

China Investments Holdings Enters Discloseable Finance Lease Agreement
Oct 23, 2025

China Investments Holdings Limited, through its subsidiary Greengold Leasing, has entered into a finance lease agreement with independent third-party lessees. The transaction involves acquiring ownership of certain assets for RMB30,000,000, which will be leased back to the lessees for five years. This transaction is classified as discloseable under the Listing Rules due to its size. The finance lease terms were determined through negotiations and are influenced by current lending rates and risk assessments.

The most recent analyst rating on (HK:0132) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Investments Holdings Limited stock, see the HK:0132 Stock Forecast page.

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.Date of analysis: Jan 23, 2026