EverChina Int'l Holdings Company Ltd (0202) AI Stock Analysis

• Market Cap: HK$685.67M
• Dividend Yield: N/A
• Average Volume (3M): 690.90K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.25
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 100
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): >-0.01
• Shares Outstanding: 7,294,369,000
• 10 Day Avg. Volume: 188,000
• 30 Day Avg. Volume: 690,900
• PEG Ratio: 0.16
• Price to Book (P/B): 0.54
• Price to Sales (P/S): 5.33
• P/FCF Ratio: -3.38
• 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: 41 Neutral
• Price Target: HK$0.09 ▼(-25.00% Downside)
• Action: Upgraded Date: 02/11/26
• Date: Action: Upgraded 02/11/26

The score is primarily held down by weak financial performance—ongoing losses and negative operating cash flow outweigh the revenue rebound. Valuation is also a major headwind due to the very high P/E and lack of dividend support. Technicals are only mildly supportive, with neutral RSI but negative MACD and the stock trading below key longer-term moving averages.

Positive Factors

Strong revenue rebound

A 134.51% revenue increase indicates meaningful top-line recovery and renewed demand for core operations. Sustained revenue growth over the next 2-6 months can improve operating leverage, absorb fixed costs, and provide a runway for margin recovery if management maintains cost discipline.

Manageable leverage

A moderate debt-to-equity ratio (0.39) implies limited financial leverage and lower near-term interest burden, giving the company flexibility to fund operations or strategic initiatives without immediate refinancing pressure, improving resilience during a multi-quarter turnaround.

Stable gross profit margin

A relatively stable gross margin suggests the company retains core pricing power or cost control at the production level. If top-line growth persists, stable gross margins enable fixed-cost absorption and create a structural path to improving operating and net margins over several quarters.

Negative Factors

Negative operating cash flow

Persistent negative operating cash flow and falling free cash flow growth undermine liquidity and restrict reinvestment capacity. Over 2-6 months this limits the firm's ability to fund operations internally, increasing reliance on external financing and raising solvency and strategic risk.

Ongoing unprofitability

Sustained negative EBIT and net margins signal structural operational issues rather than cyclical dips. Even with revenue growth, inability to convert sales into operating profits impairs cash generation and compromises long-term viability unless cost structure or business mix is materially improved.

Negative return on equity

A negative ROE reflects the company's failure to generate returns on invested capital, indicating ineffective capital allocation or persistent losses. Over the medium term this erodes shareholder value and makes it harder to attract equity financing for rebuilding operations.

EverChina Int'l Holdings Company Ltd Business Overview & Revenue Model

Company Description

EverChina Int'l Holdings Company Limited, an investment holding company, primarily engages in the property investment and hotel operations in the People's Republic of China and Bolivia. It operates through Property Investment Operation, Hotel operation, Agricultural Operation, Securities Investment and Financing Operation, and Resources segments. The company is involved in the leasing of commercial premises, as well as car parking space rental; mining and production of manganese products; securities investment and financing operations; and provision of corporate management services. It also engages in the raising and sale of cattle, as well as agricultural farming activities; and sale of soybean, corn, and rice. The company was formerly known as Interchina Holdings Company Limited and changed its name to EverChina Int'l Holdings Company Limited in February 2014. EverChina Int'l Holdings Company Limited is based in Wan Chai, Hong Kong.

How the Company Makes Money

EverChina generates revenue through several key streams, including income from property sales and leasing, commissions from financial services, and profits from commodity trading. The company capitalizes on its property development projects by selling residential and commercial units, which provides a significant portion of its earnings. Its financial services arm offers solutions such as investment management and advisory services, contributing to its revenue through service fees and commissions. Furthermore, EverChina engages in the trading of commodities, which allows it to benefit from price fluctuations and trade margins. Strategic partnerships with local developers and financial institutions also enhance its market presence and revenue potential.

EverChina Int'l Holdings Company Ltd Financial Statement Overview

Summary

Despite strong reported revenue growth (134.51%), profitability remains weak with negative net profit and EBIT margins, and cash flow is strained by negative operating cash flow and declining free cash flow growth. Balance sheet leverage is moderate (debt-to-equity 0.39) but negative ROE signals poor return generation.

Income Statement

The company shows a significant revenue growth rate of 134.51% in the latest period, indicating potential recovery. However, profitability remains a concern with negative net profit and EBIT margins, suggesting ongoing operational challenges. The gross profit margin is relatively stable but not enough to offset the high net losses.

Balance Sheet

The debt-to-equity ratio is moderate at 0.39, indicating manageable leverage. However, the return on equity is negative, reflecting poor profitability. The equity ratio is healthy, suggesting a strong asset base relative to equity, but the negative ROE highlights inefficiencies in generating returns.

Cash Flow

The company faces challenges with negative operating cash flow and declining free cash flow growth. The free cash flow to net income ratio is positive, indicating some ability to cover net losses, but overall cash flow health is weak, impacting liquidity and financial flexibility.

Breakdown	TTM	Mar 2025	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	136.33M	108.18M	102.48M	117.78M	149.35M	127.09M
Gross Profit	58.34M	48.26M	45.48M	47.22M	66.14M	32.70M
EBITDA	51.19M	-14.88M	-236.13M	-185.64M	-189.22M	-26.15M
Net Income	3.91M	-40.21M	-319.85M	-196.54M	-233.39M	-135.06M
Balance Sheet
Total Assets	1.42B	1.61B	1.56B	2.56B	2.90B	3.14B
Cash, Cash Equivalents and Short-Term Investments	61.09M	312.62M	24.92M	716.85M	708.83M	753.69M
Total Debt	251.75M	413.55M	248.07M	285.89M	266.91M	40.76M
Total Liabilities	337.71M	515.07M	395.90M	1.04B	1.06B	1.12B
Stockholders Equity	1.05B	1.07B	1.14B	1.49B	1.81B	1.98B
Cash Flow
Free Cash Flow	-2.65M	-170.50M	-61.93M	5.80M	77.16M	-62.31M
Operating Cash Flow	131.98M	-38.95M	-57.56M	11.32M	84.32M	-36.98M
Investing Cash Flow	-116.19M	192.57M	64.00M	1.93M	-7.77M	-8.20M
Financing Cash Flow	10.30M	135.92M	-38.82M	8.16M	-69.06M	62.32M

EverChina Int'l Holdings Company Ltd Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0202, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.11, and below the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.66 is Neutral, neither overbought nor oversold. The STOCH value of 14.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0202.

EverChina Int'l Holdings Company Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
8162	60 Neutral	HK$457.83M	14.86	42.14%	―	-11.49%	85.40%
8227	51 Neutral	HK$265.67M	-47.58	―	―	―	―
0132	50 Neutral	HK$335.62M	24.14	-4.32%	2.45%	-1.50%	-96.83%
0202	41 Neutral	HK$685.67M	-16.14	0.60%	―	―	―
1282	41 Neutral	HK$595.00M	-1.61	-4.03%	―	55.27%	68.84%
1468	40 Underperform	HK$154.57M	-2.52	-18.50%	―	-19.10%	83.61%

EverChina Int'l Holdings Company Ltd Corporate Events

EverChina Further Delays Key Circular on Major Connected Property Acquisition

EverChina Int’l Holdings Company Limited has again postponed the issuance of a shareholder circular related to its proposed acquisition of a property that qualifies as a major and connected transaction under Hong Kong listing rules. The circular, originally expected by 28 February 2026, is now anticipated to be dispatched on or before 31 March 2026 due to the additional time needed to finalize information for the valuation report.

The delay means shareholders will wait longer for detailed information, independent board and financial adviser recommendations, and the formal notice of the general meeting to approve the acquisition. This further extension could slow the timetable for completing the property transaction and may prolong uncertainty for investors regarding the deal’s terms and its potential impact on the company’s asset base and governance process.

The most recent analyst rating on (HK:0202) stock is a Hold with a HK$0.11 price target. To see the full list of analyst forecasts on EverChina Int’l Holdings Company Ltd stock, see the HK:0202 Stock Forecast page.

EverChina Announces Resignation of Executive Director and Co-CEO Zhou Zhizhu

EverChina Int’l Holdings Company Limited has announced that executive director and co-chief executive officer Mr. Zhou Zhizhu will resign from both positions with effect from 2 February 2026 in order to devote more time to his other business commitments. The company emphasized that Mr. Zhou has no disagreements with the board and that there are no matters related to his departure that need to be brought to shareholders’ attention, suggesting an orderly leadership transition with limited immediate governance concerns, while the remaining executive and independent non-executive directors continue to oversee the group’s operations.

The most recent analyst rating on (HK:0202) stock is a Hold with a HK$0.11 price target. To see the full list of analyst forecasts on EverChina Int’l Holdings Company Ltd stock, see the HK:0202 Stock Forecast page.

EverChina Updates Board Composition and Committee Roles

EverChina Int’l Holdings Company Limited has announced an updated composition of its board of directors effective 2 February 2026, confirming Jiang Xiao Heng Jason as chairman, Chen Yi Ethan as chief executive officer alongside Wang Xue as executive directors, and naming Ho Yiu Yue Louis, Ko Ming Tung Edward and Ng Ge Bun as independent non-executive directors. The company also detailed refreshed memberships and chairmanships of its audit, remuneration and nomination committees, underscoring its board-level governance structure and delineation of oversight responsibilities, which are important for shareholders’ visibility on independence, control and decision-making within the listed group.

The most recent analyst rating on (HK:0202) stock is a Hold with a HK$0.11 price target. To see the full list of analyst forecasts on EverChina Int’l Holdings Company Ltd stock, see the HK:0202 Stock Forecast page.

EverChina Further Delays Shareholder Circular on Major Connected Property Acquisition

EverChina Int’l Holdings Company Limited has announced a further delay in sending to shareholders a circular related to its proposed acquisition of a property, a deal classified as both a major and connected transaction under Hong Kong listing rules. The circular, which will include details of the acquisition, independent board and financial adviser recommendations, and notice of a general meeting, was originally expected by 31 January 2026 but has now been postponed to on or before 28 February 2026 due to additional time needed to finalize the valuation report, extending uncertainty for investors awaiting full transaction details and governance assessments.

The most recent analyst rating on (HK:0202) stock is a Hold with a HK$0.11 price target. To see the full list of analyst forecasts on EverChina Int’l Holdings Company Ltd stock, see the HK:0202 Stock Forecast page.

EverChina Extends Property Delivery Date and Further Delays Circular for Major Connected Deal

EverChina Int’l Holdings Company Limited has agreed with the vendor of a connected property acquisition to extend the delivery and title transfer date for the property from 31 December 2025 to 31 March 2026, or a later date subject to mutual agreement, due to the vendor requiring more time to complete construction. As a result of additional time needed to finalize the valuation report for the deal, the company will also further delay sending the shareholder circular detailing the acquisition and related independent advice, moving the expected despatch date to on or before 31 January 2026, thereby pushing back the timetable for shareholder review and approval of this major transaction.

The most recent analyst rating on (HK:0202) stock is a Hold with a HK$0.14 price target. To see the full list of analyst forecasts on EverChina Int’l Holdings Company Ltd stock, see the HK:0202 Stock Forecast page.