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

• Market Cap: HK$251.96M
• Dividend Yield: N/A
• Average Volume (3M): 1.10M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.47
• Revenue Growth: 3.10%
• EPS Growth: 90.13%
• Country: HK
• Employees: 199
• Sector: Consumer Cyclical
• Sector Strength: 58
• Industry: Department Stores
• EPS (TTM): >-0.01
• Shares Outstanding: 2,495,000,000
• 10 Day Avg. Volume: 1,857,600
• 30 Day Avg. Volume: 1,101,466
• PEG Ratio: -0.02
• Price to Book (P/B): 0.18
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 1.45
• 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: 46 Neutral
• Price Target: ―

Shirble Department Store Holdings is facing significant financial challenges, with declining revenues, persistent net losses, and negative cash flow. Despite a strong gross profit margin, the company struggles with high leverage and operational inefficiencies. The technical analysis indicates a neutral to slightly bullish trend, but the valuation is poor due to a negative P/E ratio and no dividend yield. Overall, the financial instability and valuation concerns weigh heavily on the stock's score.

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

Shirble Department Store Holdings is facing significant financial challenges, with declining revenues and persistent net losses. While the gross profit margin remains strong, the company struggles with operational inefficiencies and high leverage, as seen from its balance sheet. The lack of positive cash flow further exacerbates the financial instability, highlighting the need for strategic restructuring to stabilize its financial health.

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
	EBIT
-32.14M	-356.34M	67.95M	20.90M	121.54M
	EBITDA
92.41M	-334.23M	-216.08M	-150.60M	146.53M
	Net Income Common Stockholders
-33.76M	-340.98M	-556.49M	-441.63M	-75.11M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
43.09M	54.48M	82.24M	159.22M	365.07M
	Total Assets
2.17B	2.34B	2.90B	3.97B	4.25B
	Total Debt
1.12B	1.25B	1.35B	1.76B	1.55B
	Net Debt
1.08B	1.20B	1.28B	1.70B	1.45B
	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
0.00	100.53M	134.87M	74.06M	121.10M
	Operating Cash Flow
0.00	106.52M	141.91M	111.82M	156.71M
	Investing Cash Flow
0.00	27.93M	110.23M	-23.84M	-50.75M
	Financing Cash Flow
0.00	-161.99M	-231.97M	-136.51M	-61.12M

Shirble Department Store Holdings (China) Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 0.1 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.07, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 61.94 is Neutral, neither overbought nor oversold. The STOCH value of 47.87 is Neutral, 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	$6.82B	11.05	2.80%	4.32%	2.67%	-24.92%
0312	46 Neutral	HK$251.96M	―	-4.40%	―	3.10%	90.13%
LHUAF		$67.86M	―	-191.67%	―	―	―
PANHF		$2.14B	95.34	0.96%	―	―	―
YUIA		€188.68M	―	-13.33%	―	―	―
0331	78 Outperform	HK$2.54B	5.31	49.10%	3.73%	3.11%	-2.34%

Shirble Department Store Holdings (China) Ltd. Corporate Events

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.

Shirble Department Store Holdings Reports Improved Annual Results for 2024

Shirble Department Store Holdings (China) Ltd. reported its annual results for the year ended December 31, 2024, showing a revenue increase of 5% to RMB200.3 million compared to the previous year. Despite an operating loss of RMB32.1 million, the company significantly reduced its losses from the previous year’s RMB356.3 million. The loss attributable to owners was RMB33.8 million, a notable improvement from RMB341.0 million in 2023. The company decided not to recommend any final dividend for FY2024 as it continued to incur operating losses.

Shirble Department Store Holdings Schedules Board Meeting for 2024 Annual Results

Shirble Department Store Holdings (China) Ltd. has announced a board meeting scheduled for March 28, 2025, to approve the release of its 2024 annual results and consider the recommendation of a final dividend. This announcement is significant as it will provide insights into the company’s financial performance for 2024 and potential returns for shareholders.