China Agri-Products Exchange Limited (0149) AI Stock Analysis

• Market Cap: HK$776.34M
• Dividend Yield: N/A
• Average Volume (3M): 5.36M
• Price to Earnings (P/E): 156.0
• Beta (1Y): 0.26
• Revenue Growth: -24.15%
• EPS Growth: -50.00%
• Country: HK
• Employees: 933
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): <0.01
• Shares Outstanding: 9,953,068,000
• 10 Day Avg. Volume: 5,576,233
• 30 Day Avg. Volume: 5,358,488
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 52 Neutral
• Price Target: HK$0.08 ▼(-5.00% Downside)

The overall stock score is primarily influenced by financial performance challenges, including inconsistent revenue growth and cash flow management issues. Technical analysis suggests a neutral trend, while the high P/E ratio indicates potential overvaluation. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Strong Gross Profit Margins

Strong gross profit margins indicate effective cost management, allowing the company to maintain profitability despite revenue fluctuations.

Stable Asset Base

A stable asset base provides a solid foundation for future growth and financial stability, supporting long-term operational resilience.

Healthy Free Cash Flow to Net Income Ratio

A healthy free cash flow to net income ratio suggests efficiency in cash generation, which is crucial for sustaining operations and funding growth.

Negative Factors

Inconsistent Revenue Growth

Inconsistent revenue growth can indicate market volatility or operational challenges, potentially impacting long-term business stability and investor confidence.

Low Return on Equity

Low return on equity indicates that the company is not effectively using its equity base to generate profits, which may hinder long-term growth potential.

Cash Flow Management Challenges

Fluctuations in free cash flow growth highlight potential cash management issues, which can affect the company's ability to invest in growth opportunities.

China Agri-Products Exchange Limited Business Overview & Revenue Model

Company Description

China Agri-Products Exchange Limited (0149) is a leading agricultural products trading platform in China, focusing on the exchange and distribution of a wide range of agricultural commodities. The company operates in the agribusiness sector, facilitating transactions between producers, wholesalers, and retailers. Its core services include the trading of grains, edible oils, and other agricultural products, leveraging technology to enhance market efficiency and transparency.

How the Company Makes Money

The company generates revenue primarily through transaction fees charged for each trade facilitated on its platform. Additionally, it earns income from the sale of agricultural products, as well as from value-added services such as logistics and storage solutions. Strategic partnerships with producers and distributors enhance its supply chain capabilities, allowing for a more robust revenue model. Factors contributing to its earnings include market demand for agricultural goods, the efficiency of its trading platform, and the company's ability to attract a large user base.

China Agri-Products Exchange Limited Financial Statement Overview

Summary

China Agri-Products Exchange Limited shows solid revenue growth and operational efficiency with improved margins and cash flow. Challenges include net profitability and leveraging equity effectively. However, the stable balance sheet and strong cash flow provide a foundation for future growth.

Income Statement

The company shows a mixed income statement performance. The gross profit margin improved to 66.2% in 2024 from 55.5% in 2023, indicating better cost control. However, the net profit margin fell to 1.1% from 3.1%, reflecting challenges in converting revenue into net profit. Revenue grew by 17.1% from 2023 to 2024, a positive sign of business expansion. EBIT and EBITDA margins improved, suggesting operational efficiency.

Balance Sheet

The balance sheet depicts a stable financial position. The debt-to-equity ratio of 0.80 in 2024 indicates moderate leverage, providing room for further debt if needed. Return on equity decreased to 0.4% in 2024 from 1.1% in 2023, suggesting a need for better profit generation from equity. The equity ratio of 36.1% reflects a solid equity base relative to assets.

Cash Flow

Cash flow analysis shows strong operational cash flow, with significant growth in free cash flow by 206.2% from 2023 to 2024, enhancing liquidity. The operating cash flow to net income ratio is robust at 21.96, indicating strong cash generation relative to net income. The free cash flow to net income ratio stands at 18.98, further supporting cash flow strength.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	344.78M	530.76M	698.39M	596.40M	868.68M	650.53M
Gross Profit	228.05M	531.14M	462.55M	330.76M	456.19M	351.81M
EBITDA	64.89M	121.21M	284.57M	137.34M	228.40M	164.43M
Net Income	-3.67M	7.83M	7.35M	18.50M	37.04M	489.60M
Balance Sheet
Total Assets	4.23B	4.23B	4.64B	4.92B	5.49B	5.58B
Cash, Cash Equivalents and Short-Term Investments	181.73M	181.73M	283.52M	312.79M	440.44M	424.80M
Total Debt	1.15B	1.15B	1.35B	1.43B	1.51B	1.40B
Total Liabilities	2.21B	2.21B	2.57B	2.79B	3.14B	3.38B
Stockholders Equity	1.63B	1.63B	1.68B	1.74B	1.94B	1.81B
Cash Flow
Free Cash Flow	25.05M	64.76M	139.55M	45.56M	140.92M	301.75M
Operating Cash Flow	44.15M	83.35M	161.47M	63.53M	160.22M	321.69M
Investing Cash Flow	-22.07M	100.97M	-30.90M	-10.52M	-105.66M	-21.29M
Financing Cash Flow	-144.96M	-264.00M	-194.01M	-145.64M	-43.83M	-243.04M

China Agri-Products Exchange Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0149, the sentiment is Positive. The current price of 0.08 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.62 is Neutral, neither overbought nor oversold. The STOCH value of 71.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0149.

China Agri-Products Exchange Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
0149	52 Neutral	HK$776.34M	156.00	0.30%	―	-24.15%	-50.00%
0672	52 Neutral	€603.03M	26.10	0.21%	―	-43.28%	-93.81%
0978	50 Neutral	HK$1.32B	-0.70	-20.96%	4.36%	-16.06%	-529.92%
2349	47 Neutral	HK$234.62M	-3.19	-12.31%	―	-0.09%	37.33%
0120	44 Neutral	HK$134.95M	-0.37	-39.83%	―	-75.15%	23.12%
1427	44 Neutral	HK$165.05M	-0.82	-19.00%	―	-21.32%	-715.30%

China Agri-Products Exchange Limited Corporate Events

China Agri-Products Exchange Issues New Notes Under Medium-Term Programme

China Agri-Products Exchange Limited has announced the issuance of the first tranche of series number 3 notes under its HK$1,000,000,000 medium-term note programme. The April 2037 Notes, amounting to HK$38,000,000, carry an effective interest rate ranging from approximately 2.8% to 5.4% per annum and are not listed on any stock exchange. This issuance increases the total outstanding principal amount under the programme to HK$129,000,000, potentially enhancing the company’s financial flexibility and market positioning.

China Agri-Products Exchange Limited Issues HK$50 Million Tranche of Notes

China Agri-Products Exchange Limited has successfully issued a tranche of HK$50 million unsecured fixed interest rate notes under its HK$1 billion medium-term note programme. The notes, maturing in February 2037, have an effective interest rate ranging from approximately 2.8% to 5.4% and are not listed on any stock exchange, reflecting the company’s strategic move to secure long-term financing.

China Agri-Products Exchange Limited Passes Key Acquisition Resolution

China Agri-Products Exchange Limited announced that its Special General Meeting held on February 20, 2025, successfully passed an ordinary resolution regarding a significant Sale and Purchase Agreement. This agreement involves the acquisition of the entire issued share capital of Regal Smart Investment Limited by Gain Bravery Limited, along with a shareholder’s loan, for a total consideration of HK$150,000,000. This development could potentially strengthen the company’s operational framework and influence in the market.