Shirble Department Store Holdings (China) Ltd. (0312) AI Stock Analysis

• Market Cap: HK$269.42M
• Dividend Yield: N/A
• Average Volume (3M): 962.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.46
• Revenue Growth: 3.10%
• EPS Growth: 90.13%
• Country: HK
• Employees: 199
• Sector: Consumer Cyclical
• Sector Strength: 61
• Industry: Department Stores
• EPS (TTM): >-0.01
• Shares Outstanding: 2,495,000,000
• 10 Day Avg. Volume: 211,400
• 30 Day Avg. Volume: 962,400
• PEG Ratio: -0.07
• Price to Book (P/B): 0.29
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.46
• 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: 53 Neutral
• Price Target: HK$0.00 ▼(-100.00%Downside)

The company's financial performance is the most significant factor impacting the stock score, reflecting substantial financial struggles and liquidity issues. While technical analysis indicates a positive trend, it is offset by poor valuation metrics. Lack of earnings call and corporate event data leaves financial performance as the primary consideration.

Shirble Department Store Holdings (China) Ltd. Business Overview & Revenue Model

Company Description

Shirble Department Store Holdings (China) Limited, an investment holding company, operates department stores in the People's Republic of China. As of December 31, 2021, the company owned and operated 16 department stores, including 11 in Shenzhen; 3 in Shanwei; 1 in Meizhou City; and 1 in Changsha. It also offers property development, consulting, and management services; and consulting, trading, decoration design, and software development services. The company was founded in 1996 and is headquartered in Shenzhen, the People's Republic of China. Shirble Department Store Holdings (China) Limited is a subsidiary of Shirble Department Store Limited.

How the Company Makes Money

Shirble Department Store Holdings makes money through the sale of various consumer products across its department stores. The primary revenue stream is generated from the retail sale of goods such as clothing, household items, and electronics. The company may also earn income from leasing space within their stores to other retailers or service providers, creating a diversified revenue model. Additionally, Shirble might engage in partnerships with suppliers and brands to offer exclusive products, potentially enhancing their competitive edge and driving sales. However, specific revenue figures, exact revenue breakdowns, or notable partnerships are not publicly detailed.

Shirble Department Store Holdings (China) Ltd. Financial Statement Overview

Summary

The company faces significant financial challenges with declining revenues and persistent net losses. Despite a strong gross profit margin, operational inefficiencies and high leverage are concerning. The lack of positive cash flow further exacerbates financial instability.

Income Statement

The company has experienced a significant decline in revenue over the years, with a noticeable drop from 2019's revenues of 794.6 million to 227.3 million in 2024. The gross profit margin remains high, indicating efficient cost management, but the repeated net losses, including a net income of -33.8 million in 2024, highlight ongoing profitability challenges. EBIT and EBITDA margins have also been negative, reflecting operational inefficiencies.

Balance Sheet

The company's debt-to-equity ratio has risen, indicating increased leverage, with total debt at 1.12 billion against equity of 750.8 million in 2024. The equity ratio remains moderate, but the shrinking equity base suggests financial pressure. Although the liabilities have decreased since 2021, the declining asset base and equity raise concerns about the company's long-term financial stability.

Cash Flow

The cash flow situation is concerning, with zero operating cash flow reported in 2024, down from 106.5 million in 2023. The absence of free cash flow growth and a lack of positive operating cash flow to support net income underline the financial strain the company is experiencing. The company's inability to generate positive free cash flow consistently suggests liquidity issues.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	227.30M	190.67M	191.58M	230.12M	481.08M
Gross Profit	215.72M	184.00M	186.38M	219.75M	465.98M
EBITDA	92.41M	-334.23M	-216.08M	-150.60M	146.53M
Net Income	-33.76M	-340.98M	-556.49M	-441.63M	-75.11M
Balance Sheet
Total Assets	2.17B	2.34B	2.90B	3.97B	4.25B
Cash, Cash Equivalents and Short-Term Investments	43.09M	54.48M	82.24M	159.22M	365.07M
Total Debt	1.12B	1.25B	1.35B	1.76B	1.55B
Total Liabilities	1.42B	1.56B	1.78B	2.29B	2.13B
Stockholders Equity	750.76M	785.85M	1.11B	1.67B	2.11B
Cash Flow
Free Cash Flow	77.73M	100.53M	134.87M	74.06M	121.10M
Operating Cash Flow	79.53M	106.52M	141.91M	111.82M	156.71M
Investing Cash Flow	22.48M	27.93M	110.23M	-23.84M	-50.75M
Financing Cash Flow	-108.89M	-161.99M	-231.97M	-136.51M	-61.12M

Shirble Department Store Holdings (China) Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.11
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0312, the sentiment is Positive. The current price of 0.11 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.08, and above the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 61.13 is Neutral, neither overbought nor oversold. The STOCH value of 89.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0312.

Shirble Department Store Holdings (China) Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$16.90B	11.24	-7.48%	2.95%	1.60%	-23.76%
0312	53 Neutral	HK$269.42M	―	-4.40%	―	3.10%	90.13%
NWM		€51.09M	22.00	0.43%	―	―	―
AVK1		€10.97M	―		20.77%	―	―
0162	36 Underperform	HK$56.34M	―	-75.85%	―	-3.75%	-18.22%
0244		HK$328.49M	―	-62.86%	―	―	―
0602	44 Neutral	HK$45.65M	―	-489.64%	―	5.21%	63.74%

Shirble Department Store Holdings (China) Ltd. Corporate Events

Shirble Department Store Strengthens Governance with New Nomination Committee Appointments

Shirble Department Store Holdings (China) Ltd. has announced the appointment of Ms. HUANG Xue Rong and Mr. CHEN Fengliang as members of its Nomination Committee, effective from June 30, 2025. This strategic move aims to strengthen the company’s governance structure, with Mr. JIANG Hongkai continuing as the Chairman of the Nomination Committee, potentially impacting the company’s operational and strategic direction.

Shirble Department Store Enhances Board Governance with New Nomination Committee Terms

Shirble Department Store Holdings (China) Ltd. has announced the adoption of new terms of reference for its Nomination Committee, effective June 30, 2025. The committee will consist primarily of independent non-executive directors and will include at least one director of a different gender, aligning with Hong Kong Stock Exchange listing rules. This move is expected to enhance governance and diversity within the company’s board, potentially strengthening its market position and stakeholder confidence.

Shirble Department Store Approves Key Resolutions at AGM

Shirble Department Store Holdings (China) Limited announced the results of its Annual General Meeting held on June 3, 2025. All resolutions, including the adoption of financial statements, re-election of directors, and reappointment of auditors, were passed with overwhelming support. The meeting also granted the board general mandates to repurchase shares and issue new shares, reflecting strong shareholder confidence in the company’s governance and strategic direction.

Shirble Department Store Announces AGM and Share Repurchase Plan

Shirble Department Store Holdings (China) Limited has announced its upcoming Annual General Meeting (AGM) scheduled for June 3, 2025, in Hong Kong. Key agenda items include the adoption of financial statements, the re-election of directors, and the reappointment of PricewaterhouseCoopers as auditors. Additionally, the company seeks approval for a share repurchase program, allowing the directors to buy back up to 10% of the company’s issued shares, potentially impacting shareholder value and market perception.

Shirble Department Store Announces Sale of Zhuhai Xiangyao

Shirble Department Store Holdings (China) Ltd. has announced a discloseable transaction involving the sale of its entire equity interest in Zhuhai Xiangyao. The transaction, valued at RMB1.60 million, will result in Zhuhai Xiangyao ceasing to be a subsidiary of the company. This move aligns with the company’s strategic decisions as the transaction meets the criteria for a discloseable transaction under the Listing Rules, which requires reporting and announcement. The sale is structured with a non-refundable downpayment and subsequent payments, reflecting arm’s length negotiations based on Zhuhai Xiangyao’s financial position and project value.