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Zensun Enterprises Limited
(0185)
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Rating:39Underperform
Price Target:
HK$0.07
▼(-31.00% Downside)
Action:Downgraded
Date:06/27/26
The score is driven primarily by weak financial performance and high balance-sheet risk (persistent losses, sharply contracting revenue, and extreme leverage with a thin equity base). Technical signals also remain decisively bearish, with price below all key moving averages and very weak momentum. Valuation is not a clear offset because the company is loss-making (negative P/E) and no dividend support is indicated.
Positive Factors
Positive Cash Generation
Sustained positive operating and free cash flow provides an ongoing internal funding source that supports working capital and limited debt servicing. While small versus liabilities, this persistent cash conversion improves resilience versus pure accounting losses and aids short-to-medium term survival.
Negative Factors
Extreme Leverage
An extraordinarily high debt-to-equity ratio leaves a minimal equity cushion and materially elevates default and refinancing risk. This structural leverage constrains strategic flexibility, increases interest burden and makes the company dependent on external recapitalization or asset sales to stabilize solvency over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Cash Generation
Sustained positive operating and free cash flow provides an ongoing internal funding source that supports working capital and limited debt servicing. While small versus liabilities, this persistent cash conversion improves resilience versus pure accounting losses and aids short-to-medium term survival.
Read all positive factors
Zensun Enterprises Limited (0185) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$114.80M
Dividend YieldN/A
Average Volume (3M)260.39K
Price to Earnings (P/E)―
Beta (1Y)0.55
Revenue Growth-27.84%
EPS Growth60.81%
CountryHK
Employees283
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.45
Shares Outstanding1,913,386,700
10 Day Avg. Volume421,417
30 Day Avg. Volume260,392
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)4.05
Price to Sales (P/S)0.03
P/FCF Ratio0.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Zensun Enterprises Limited Business Overview & Revenue Model
Company Description
Zensun Enterprises Limited operates as an investment holding company, engaging in a range of activities including real estate development, property investment and management, and trading and investing in securities. The company segments its operat...
How the Company Makes Money
null...
Zensun Enterprises Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
39
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.92B | 9.54B | 20.03B | 9.66B | 13.42B |
| Gross Profit | -62.69M | -1.03B | -500.52M | 827.04M | 1.26B |
| EBITDA | -218.68M | -1.22B | -764.60M | -2.61B | 611.13M |
| Net Income | -856.04M | -2.18B | -2.30B | -2.95B | 399.47M |
Balance Sheet | |||||
| Total Assets | 33.01B | 39.50B | 46.40B | 61.54B | 68.24B |
| Cash, Cash Equivalents and Short-Term Investments | 847.04M | 530.93M | 825.27M | 735.92M | 2.26B |
| Total Debt | 5.31B | 14.57B | 15.18B | 15.44B | 20.00B |
| Total Liabilities | 32.91B | 38.54B | 43.28B | 56.22B | 60.04B |
| Stockholders Equity | 44.10M | 897.81M | 3.07B | 5.32B | 8.20B |
Cash Flow | |||||
| Free Cash Flow | 672.32M | 630.75M | 2.05B | 5.32B | 5.48B |
| Operating Cash Flow | 672.61M | 630.76M | 2.05B | 5.33B | 5.48B |
| Investing Cash Flow | -295.16K | 24.78M | 7.93M | 2.68M | 32.15M |
| Financing Cash Flow | -979.15M | -866.59M | -2.02B | -6.68B | -6.89B |
Zensun Enterprises Limited Technical Analysis
Negative
0.10
Price Trends
0.08
Negative
0.09
Negative
0.10
Negative
Market Momentum
>-0.01
Positive
25.21
Positive
7.21
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0185, the sentiment is Negative. The current price of 0.1 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.08, and below the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 25.21 is Positive, neither overbought nor oversold. The STOCH value of 7.21 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0185.
Zensun Enterprises Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
41 Neutral | HK$89.77M | -0.05 | ― | ― | -73.46% | 95.45% | |
40 Underperform | HK$178.19M | <0.01 | -1051.18% | ― | -30.04% | ― | |
39 Underperform | HK$114.80M | -0.12 | -220.64% | ― | -27.84% | 60.81% | |
39 Underperform | HK$48.05M | >-0.01 | 77.11% | ― | -70.62% | -155.99% | |
39 Underperform | HK$120.79M | -0.02 | -34.31% | ― | -69.02% | -41.71% | |
39 Underperform | HK$89.22M | >-0.01 | 56.41% | ― | -75.81% | 16.54% |
* Real Estate Sector Average
HK:0185
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Zensun Enterprises Limited Corporate Events
Zensun Wins Unanimous Shareholder Backing at 2026 AGM
Jun 12, 2026
Zensun Enterprises Limited reported that all resolutions tabled at its annual general meeting on 12 June 2026 were approved by shareholders via poll, with more than 1.9 billion shares eligible to vote and no requirements for shareholders to abstai...
Zensun Enterprises Sets 2026 AGM and Seeks Expanded Share Issue Mandate
Apr 21, 2026
Zensun Enterprises Limited has called its annual general meeting for 12 June 2026 in Zhengzhou, where shareholders will review and adopt the audited consolidated financial statements, directors’ and auditors’ reports for the year ended...
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.