Kong Sun Holdings Limited (0295) AI Stock Analysis

• Market Cap: HK$284.32M
• Dividend Yield: N/A
• Average Volume (3M): 4.70M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.96
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 101
• Sector: Utilities
• Sector Strength: 65
• Industry: Renewable Utilities
• EPS (TTM): >-0.01
• Shares Outstanding: 14,964,442,000
• 10 Day Avg. Volume: 6,347,500
• 30 Day Avg. Volume: 4,695,833
• PEG Ratio: 0.07
• Price to Book (P/B): 0.12
• Price to Sales (P/S): 0.68
• P/FCF Ratio: -5.84
• 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: 40 Underperform
• Price Target: HK$0.02 ▼(-10.00% Downside)

Kong Sun Holdings Limited's overall stock score is primarily impacted by its poor financial performance and weak technical indicators. The company's negative profitability and high leverage are significant risks, while the bearish technical signals further contribute to a low score. The lack of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Diversified revenue channels

A multi-channel sales model (direct, wholesale, retail, distributor partnerships) provides durable revenue diversification, reduces single-customer concentration risk, and supports steady order flow. Over months this structure helps stabilize sales while management pursues product rollouts and channel expansion.

Product and market diversification

A product mix spanning smart home, consumer electronics and industrial components positions the company to capture multiple end-market trends (IoT, industrial automation). This structural diversification supports resilience to demand shifts and allows cross-selling and incremental R&D investments over the medium term.

Stable equity ratio

A stable equity ratio indicates some retained capital buffer despite leverage, which can absorb near-term shocks and support operations while management works on restructuring. This relative stability in equity provides limited but tangible balance-sheet resilience across a 2–6 month horizon.

Negative Factors

Sustained revenue decline

A multi-year revenue contraction erodes scale economies, weakens customer reach and reduces pricing power. Continued top-line decline limits operating leverage, makes margin recovery harder, and forces difficult trade-offs in investment or cost cuts, posing structural headwinds over coming quarters.

Persistent negative margins

Sustained negative gross and net margins indicate the core business is loss-making and unable to cover costs from sales. This undermines retained earnings, restricts reinvestment, and increases dependence on external funding, creating a durable profitability challenge until structural fixes are implemented.

Weak operating cash flow and liquidity

Declining operating cash flow and absence of free cash flow materially reduce financial flexibility, heighten refinancing and liquidity risk, and limit capacity to fund working capital, capex or R&D. This cash-generation shortfall is a structural constraint on recovery over months.

Kong Sun Holdings Limited Business Overview & Revenue Model

Company Description

Kong Sun Holdings Limited, an investment holding company, invests in, operates, and maintains solar power plants in the People's Republic of China. The company operates through four segments: Solar Power Plants, Liquefied Natural Gas, Financial Services, and Others. It generates and sells electricity through solar power plants. As of December 31, 2021, the company owned 17 solar power plants with a total installed capacity of approximately 529.8 megawatts in Shaanxi, Inner Mongolia, Shanxi, Hebei, Henan, Anhui, Zhejiang, Hubei, and Qinghai Provinces. It also trades in liquefied natural gas and solar energy related products; provides various loans; and leases properties, as well as offers electricity maintenance services. The company was incorporated in 1955 and is headquartered in Beijing, China. Kong Sun Holdings Limited is a subsidiary of Pohua JT Private Equity Fund L.P.

How the Company Makes Money

Kong Sun Holdings generates revenue primarily through the sale of its electronic products, which include smart home devices and consumer electronics. The company's revenue model is based on direct sales to consumers and businesses, as well as through partnerships with distributors and retailers. Key revenue streams include wholesale and retail sales, and the company may also earn income from service contracts related to installation and maintenance of its products. Significant partnerships with technology firms and retail chains enhance its market reach, contributing to steady earnings. Additionally, Kong Sun Holdings capitalizes on market trends by investing in research and development to innovate new products, which can lead to increased sales and market share.

Kong Sun Holdings Limited Financial Statement Overview

Summary

Kong Sun Holdings Limited is facing significant financial challenges, with consistent declines in revenue and profitability. The company has negative gross and net profit margins, high leverage, and liquidity issues, indicating a need for strategic restructuring.

Income Statement

The company's revenue has been declining consistently from 2019 to 2024, with a severe revenue drop in recent years. Both gross and net profit margins have been negative, indicating a loss-making position. The EBIT and EBITDA margins also reflect negative profitability, highlighting operational challenges.

Balance Sheet

The debt-to-equity ratio is relatively high, suggesting significant leverage. Although the equity ratio is stable, the company faces potential risks due to high liabilities compared to assets. Return on equity remains negative due to continuous net losses.

Cash Flow

The cash flow situation is concerning with a decline in operating cash flow and free cash flow in recent periods. The absence of free cash flow in the latest year reflects liquidity challenges, while the historical free cash flow to net income ratio indicates inefficiencies in converting revenue into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	324.86M	392.96M	474.79M	555.73M	992.76M	1.48B
Gross Profit	186.03M	217.26M	219.65M	267.05M	580.40M	921.25M
EBITDA	219.35M	96.99M	83.35M	70.99M	-117.81M	1.01B
Net Income	-371.46M	-523.31M	-335.80M	-294.88M	-936.97M	-626.82M
Balance Sheet
Total Assets	4.61B	4.77B	5.72B	6.00B	8.23B	14.30B
Cash, Cash Equivalents and Short-Term Investments	53.06M	76.70M	254.78M	301.98M	699.57M	190.10M
Total Debt	1.80B	1.94B	1.85B	2.18B	3.81B	6.74B
Total Liabilities	2.23B	2.43B	2.79B	2.57B	4.47B	9.60B
Stockholders Equity	2.32B	2.28B	2.84B	3.35B	3.68B	4.62B
Cash Flow
Free Cash Flow	0.00	-45.74M	-169.66M	627.12M	1.10B	697.27M
Operating Cash Flow	0.00	-34.61M	-167.47M	634.26M	1.12B	725.28M
Investing Cash Flow	0.00	1.64M	82.30M	483.82M	2.46B	1.14B
Financing Cash Flow	0.00	-126.86M	37.88M	-1.52B	-3.12B	-1.87B

Kong Sun Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0295, the sentiment is Positive. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 72.44 is Negative, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0295.

Kong Sun Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8326	72 Outperform	HK$195.09M	5.37	9.36%	―	-40.01%	-63.23%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
0987	62 Neutral	HK$340.84M	9.13	2.00%	3.70%	15.92%	―
0090	58 Neutral	HK$522.80M	13.77	4.04%	1.05%	16.01%	-53.67%
0451	50 Neutral	HK$2.05B	-2.97	-35.49%	―	39.42%	56.89%
1165	42 Neutral	HK$121.98M	-0.26	―	―	-21.67%	-18.64%
0295	40 Underperform	HK$284.32M	―	―	―	―	―

Kong Sun Holdings Limited Corporate Events

Kong Sun Reports Lower 2025 Solar Power Generation Despite Stable Capacity

Kong Sun Holdings Limited reported that its solar power plants generated approximately 300,736 MWh of electricity for the year ended 31 December 2025, down from about 320,412 MWh in the previous year, while total installed capacity remained at 290 megawatts across 11 plants in Shaanxi, Inner Mongolia, Shanxi, Anhui and Hubei. The disclosure, based on preliminary operating statistics, signals a year-on-year decline in output that may reflect operational or environmental factors and serves to update shareholders and potential investors on the group’s business performance, though the company stressed that these figures are not indicative of its full-year revenue or profit and urged caution in trading its shares.

The most recent analyst rating on (HK:0295) stock is a Sell with a HK$0.02 price target. To see the full list of analyst forecasts on Kong Sun Holdings Limited stock, see the HK:0295 Stock Forecast page.

Kong Sun Holdings Overhauls Independent Non-Executive Director Role

Kong Sun Holdings Limited has announced changes to its board of directors, with an independent non-executive director stepping down and a new independent non-executive director being appointed, as the company maintains compliance with Hong Kong listing requirements and seeks continued strong governance oversight. The company reported that independent non-executive director Tang Yinghong resigned effective 23 December 2025 for personal career reasons, and was immediately succeeded by Qin Junyi, a legally trained former Beijing municipal government and State Grain Administration official, who will serve as an independent non-executive director on standard rotation and remuneration terms, with the board emphasizing his independence and welcoming him to strengthen the board’s governance structure.

The most recent analyst rating on (HK:0295) stock is a Sell with a HK$0.02 price target. To see the full list of analyst forecasts on Kong Sun Holdings Limited stock, see the HK:0295 Stock Forecast page.

Kong Sun Holdings Sets Out Board and Committee Roles

Kong Sun Holdings Limited has announced the composition of its board of directors and the allocation of roles across its key governance committees. The board comprises three executive directors, one non-executive chairman and three independent non-executive directors, who together oversee the company’s audit, nomination and remuneration functions, with independent directors chairing all three committees to reinforce corporate governance and oversight structures.

The most recent analyst rating on (HK:0295) stock is a Sell with a HK$0.02 price target. To see the full list of analyst forecasts on Kong Sun Holdings Limited stock, see the HK:0295 Stock Forecast page.

Kong Sun Holdings Approves Share Option and Award Scheme at EGM

Kong Sun Holdings Limited announced the successful passing of an ordinary resolution at its Extraordinary General Meeting (EGM) held on December 12, 2025. The resolution, which involved the adoption of a Share Option and Share Award Scheme, was unanimously approved by shareholders, with 100% of votes cast in favor. This decision reflects the company’s commitment to enhancing shareholder value and aligns with its strategic objectives to incentivize and retain talent, potentially impacting its market positioning positively.

The most recent analyst rating on (HK:0295) stock is a Sell with a HK$0.02 price target. To see the full list of analyst forecasts on Kong Sun Holdings Limited stock, see the HK:0295 Stock Forecast page.

Kong Sun Holdings Limited Announces Internal Reorganization and Security Arrangements

Kong Sun Holdings Limited announced an internal reorganization involving the transfer of equity interests in two subsidiaries, Datong Wantong New Energy Co., Ltd. and Huangshi Huangyuan Photovoltaic Power Development Limited, to another subsidiary, Jinan Tianguan Energy Technology Co., Ltd. This reorganization included new security arrangements with Hebei Financial Leasing Co., Ltd. to secure existing loans, but it does not materially impact the company’s financial condition or constitute a notifiable transaction under Hong Kong Stock Exchange rules.

The most recent analyst rating on (HK:0295) stock is a Sell with a HK$0.02 price target. To see the full list of analyst forecasts on Kong Sun Holdings Limited stock, see the HK:0295 Stock Forecast page.

Kong Sun Holdings Reports Decline in Solar Power Generation for 2025

Kong Sun Holdings Limited announced that its solar power plants generated approximately 279,780 MWh of electricity from January to November 2025, a decrease from the 296,407 MWh generated in the same period the previous year. This decline in electricity generation may impact the company’s operational performance and market positioning, urging shareholders and potential investors to exercise caution.

The most recent analyst rating on (HK:0295) stock is a Sell with a HK$0.02 price target. To see the full list of analyst forecasts on Kong Sun Holdings Limited stock, see the HK:0295 Stock Forecast page.

Kong Sun Holdings Announces EGM for Share Scheme Approval

Kong Sun Holdings Limited has announced an Extraordinary General Meeting (EGM) to be held on December 12, 2025, in Hong Kong. The primary agenda is to consider and potentially approve a new Share Scheme, which allows the company to grant share options and awards, issue shares, and manage the scheme according to its rules. This move is likely aimed at enhancing employee incentives and aligning their interests with shareholders, potentially impacting the company’s market positioning and stakeholder engagement.

Kong Sun Holdings Reports Decline in Solar Power Generation for 2025

Kong Sun Holdings Limited announced that its solar power plants generated approximately 256,573 MWh of electricity from January to October 2025, a decrease from the 274,377 MWh generated in the same period the previous year. This decline in electricity generation could impact the company’s operational performance and market positioning, prompting stakeholders to exercise caution when dealing with the company’s shares.