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

• Market Cap: €826.10M
• Dividend Yield: N/A
• Average Volume (3M): 14.92M
• Price to Earnings (P/E): 103.8
• Beta (1Y): 0.31
• Revenue Growth: -9.33%
• EPS Growth: 14.29%
• Country: HK
• Employees: 933
• Sector: Real Estate
• Sector Strength: 49
• Industry: Real Estate - Diversified
• EPS (TTM): 0.00
• Shares Outstanding: 9,953,068,000
• 10 Day Avg. Volume: 12,788,042
• 30 Day Avg. Volume: 14,915,871
• PEG Ratio: N/A
• 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

• Rating: 64 Neutral
• Price Target: ―

The company's strengths lie in its revenue growth and operational efficiency, supported by a strong balance sheet and cash flow. However, high valuation metrics and the absence of key technical analysis indicators present risks. The score reflects a cautious optimism based on financial performance, tempered by valuation concerns.

China Agri-Products Exchange Limited Business Overview & Revenue Model

Company Description

China Agri-Products Exchange Limited (0149) is a Hong Kong-based investment holding company primarily engaged in the management and development of agricultural wholesale markets. The company focuses on the operation and management of agricultural market hubs across China, providing critical infrastructure for the trading of fresh produce, seafood, and other agricultural products.

How the Company Makes Money

China Agri-Products Exchange Limited generates revenue through the leasing of market stalls and shops within its agricultural wholesale markets. The company earns rental income from vendors and traders who utilize these facilities to sell their goods. Additionally, the company may collect management fees from providing operational services within these markets. Significant partnerships with local governments and agricultural enterprises can enhance market access and attract a diverse range of vendors, contributing to increased occupancy rates and higher rental income.

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	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Dec 2019
Income Statement
Total Revenue	698.39M	596.40M	868.68M	650.53M	994.60M
Gross Profit	462.55M	330.76M	456.19M	351.81M	460.09M
EBITDA	284.57M	137.34M	228.40M	164.43M	306.51M
Net Income	7.35M	18.50M	37.04M	489.60M	8.51M
Balance Sheet
Total Assets	4.64B	4.92B	5.49B	5.58B	5.24B
Cash, Cash Equivalents and Short-Term Investments	283.52M	312.79M	440.44M	424.80M	405.11M
Total Debt	1.35B	1.43B	1.51B	1.40B	1.85B
Total Liabilities	2.57B	2.79B	3.14B	3.38B	3.70B
Stockholders Equity	1.68B	1.74B	1.94B	1.81B	1.15B
Cash Flow
Free Cash Flow	139.55M	45.56M	140.92M	301.75M	309.56M
Operating Cash Flow	161.47M	63.53M	160.22M	321.69M	321.03M
Investing Cash Flow	-30.90M	-10.52M	-105.66M	-21.29M	-14.28M
Financing Cash Flow	-194.01M	-145.64M	-43.83M	-243.04M	-397.88M

China Agri-Products Exchange Limited Technical Analysis

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

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 0.07, above the 50-day MA of 0.06, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 76.34 is Negative, neither overbought nor oversold. The STOCH value of 90.91 is Negative, 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
0149	64 Neutral	€826.10M	103.75	0.47%	―	-9.33%	14.29%
Sector *	53 Neutral	$1.24B	3.03	-6.08%	5.65%	-8.21%	-81.31%
TNY1	―	€160.44M	―	-20.96%	―	―	―
2349	45 Neutral	HK$190.82M	―	-12.31%	―	-0.09%	37.33%
0120	43 Neutral	HK$193.01M	―	-39.83%	―	-75.15%	23.12%
35Z	―	€85.95M	22.00	0.21%	―	―	―
1427	43 Neutral	HK$219.48M	―	-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.