China Resources & Transportation Group Ltd. (0269) AI Stock Analysis

• Market Cap: HK$117.09M
• Dividend Yield: N/A
• Average Volume (3M): 36.90M
• Price to Earnings (P/E): 0.2
• Beta (1Y): -0.24
• Revenue Growth: -16.85%
• EPS Growth: 1198.28%
• Country: HK
• Employees: 350
• Sector: Industrials
• Sector Strength: 87
• Industry: Industrial - Infrastructure Operations
• EPS (TTM): 0.07
• Shares Outstanding: 10,644,093,000
• 10 Day Avg. Volume: 21,689,116
• 30 Day Avg. Volume: 36,903,386
• PEG Ratio: 0.00
• Price to Book (P/B): >-0.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.10
• 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: 29 Underperform
• Price Target: ―

China Resources & Transportation Group Ltd. faces significant financial challenges, with high leverage and inconsistent cash flow raising solvency concerns. Technical indicators suggest weak market momentum, further highlighting investor caution. Low valuation metrics indicate potential undervaluation, but financial risks overshadow this. Without positive catalysts from earnings calls or corporate events, the stock's prospects are uncertain.

China Resources & Transportation Group Ltd. Business Overview & Revenue Model

Company Description

China Resources & Transportation Group Ltd. (0269) is a diversified investment holding company primarily engaged in the infrastructure and transportation sectors in China. The company's core businesses include the construction and operation of toll roads, as well as the provision of logistics and transportation services. With a strategic focus on enhancing connectivity and efficiency within the transportation network, the company plays a vital role in facilitating regional economic growth and development.

How the Company Makes Money

China Resources & Transportation Group Ltd. generates revenue through multiple streams primarily centered around its infrastructure and transportation operations. The primary source of income is from toll fees collected from vehicles using its network of toll roads. Additionally, the company earns revenue from its logistics and transportation services, which include freight forwarding and transportation management solutions. These services are often offered through strategic partnerships and collaborations with other logistics providers, enhancing the company's market presence and operational capabilities. Factors such as traffic volume, road usage rates, and economic conditions significantly influence the company's earnings, as they directly impact the demand for transportation infrastructure and services.

China Resources & Transportation Group Ltd. Financial Statement Overview

Summary

The company shows revenue growth but struggles with profitability and financial stability. High leverage and negative equity pose solvency risks, and inconsistent cash flow further complicates the financial outlook.

Income Statement

The company has shown improvement in revenue from 2022 to 2024, but profitability remains challenged. The net profit margin is positive in 2024 due to high net income, yet there is inconsistency with previous years reporting losses. Gross profit margin was negative in past years but turned positive in 2024. The company has not maintained stable operational profits as indicated by fluctuating EBIT and EBITDA margins.

Balance Sheet

The company has a very high debt-to-equity ratio, indicating significant financial leverage and risk. Negative stockholders' equity suggests financial instability and potential solvency issues. The equity ratio is negative, reflecting more liabilities than assets. This high leverage poses a risk to financial stability.

Cash Flow

There is a significant improvement in operating cash flow in 2024, leading to a substantial positive free cash flow. However, the free cash flow growth is inconsistent, and the ratios of cash flows to net income are distorted due to net losses in previous years. Positive free cash flow provides some liquidity cushion, but overall cash flow stability remains in question.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
568.81M	593.15M	0.00	479.60M	598.12M	567.56M
	Gross Profit
179.78M	220.41M	0.00	-430.81M	-196.06M	-195.25M
	EBIT
133.00M	171.15M	0.00	-562.12K	-270.33K	-362.40K
	EBITDA
424.34M	2.93B	0.00	-2.95B	514.96M	-1.68B
	Net Income Common Stockholders
801.54M	1.73B	0.00	-4.36B	-1.33B	-3.15B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
41.40M	13.37M	0.00	41.40M	40.80M	34.62M
	Total Assets
9.71B	6.30B	0.00	9.71B	13.86B	12.98B
	Total Debt
16.54B	13.81B	0.00	16.54B	17.04B	16.09B
	Net Debt
16.50B	13.79B	0.00	16.50B	17.00B	16.06B
	Total Liabilities
24.11B	19.07B	0.00	24.11B	23.05B	20.50B
	Stockholders Equity
-13.06B	-11.72B	0.00	-13.06B	-8.59B	-7.11B
Cash Flow		Free Cash Flow
1.22B	1.05B	0.00	6.21M	5.23M	115.56M
	Operating Cash Flow
1.23B	1.05B	0.00	9.87M	6.37M	122.15M
	Investing Cash Flow
-3.64M	-343.00K	0.00	-2.07M	-22.00K	-51.09M
	Financing Cash Flow
-1.23B	-1.05B	0.00	-1.52M	-1.46M	-79.37M

China Resources & Transportation Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0269, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 34.37 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0269.

China Resources & Transportation Group Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0175	71 Outperform	$168.81B	7.36	24.35%	1.98%	―	―
1199	70 Outperform	$18.39B	7.00	5.64%	6.94%	5.93%	-3.64%
Sector *	66 Neutral	$4.51B	12.22	5.40%	3.63%	4.14%	-12.01%
0139	48 Neutral	HK$511.89M	―	-11.01%	―	-20.61%	40.00%
0764	38 Underperform	HK$202.44M	―	-32.41%	―	13.87%	-51.72%
0269	29 Underperform	HK$117.09M	0.16		―	-16.85%	1198.28%

China Resources & Transportation Group Ltd. Corporate Events

China Resources & Transportation Group Ltd. AGM Resolutions Passed Unanimously

China Resources & Transportation Group Ltd. announced that all resolutions proposed at their Annual General Meeting on April 8, 2025, were passed. This includes the re-election of executive and independent non-executive directors, approval of financial statements, authorization of directors’ fees, reappointment of auditors, and amendments to the company’s memorandum and articles of association. The unanimous approval of these resolutions reflects strong shareholder support and positions the company for continued stability and governance improvements.

China Resources & Transportation Group Resumes Trading After Meeting Resumption Guidance

China Resources and Transportation Group Limited has announced the fulfillment of all resumption guidance and the resumption of trading of its shares on the Hong Kong Stock Exchange. The company faced delays in publishing its financial results due to the prolonged restructuring process of its subsidiary, Zhunxing Heavy Haul Expressway, which restricted financial operations. With the resumption conditions met, including the publication of outstanding financial results and compliance with listing rules, the company aims to stabilize its market position and provide transparency to its stakeholders.

China Resources & Transportation Group Proposes Amendments to Governance Structure

China Resources & Transportation Group Ltd. is proposing amendments to its memorandum and articles of association to align with shareholder protection standards and Cayman Islands laws. The changes aim to enable hybrid and electronic general meetings and include housekeeping revisions, pending shareholder approval at the next AGM.