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

• Market Cap: HK$254.45M
• Dividend Yield: N/A
• Average Volume (3M): 227.93K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.57
• Revenue Growth: -0.83%
• EPS Growth: 93.83%
• Country: HK
• Employees: 199
• Sector: Consumer Cyclical
• Sector Strength: 75
• Industry: Department Stores
• EPS (TTM): >-0.01
• Shares Outstanding: 2,495,000,000
• 10 Day Avg. Volume: 163,000
• 30 Day Avg. Volume: 227,933
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: Hold
• Number of Analyst Covering: 1

• Rating: 45 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score is primarily impacted by the company's weak financial performance, characterized by declining revenues, persistent net losses, and negative cash flow. Technical analysis provides a mixed view, with some long-term support but short-term bearish signals. Valuation is poor due to a negative P/E ratio and lack of dividend yield, further weighing down the score.

Positive Factors

Gross Profit Margin

A strong gross profit margin indicates efficient cost management, allowing the company to maintain profitability potential despite revenue challenges.

Product Diversity

Product diversity helps mitigate risks associated with demand fluctuations in specific categories, supporting stable revenue streams over time.

Strategic Partnerships

Strategic partnerships can enhance product offerings and customer reach, providing competitive advantages and potential for exclusive promotions.

Negative Factors

Declining Revenues

Declining revenues indicate challenges in market competitiveness and consumer demand, potentially impacting long-term business sustainability.

High Leverage

High leverage can strain financial flexibility and increase risk, especially if revenue and cash flow do not improve to cover debt obligations.

Negative Cash Flow

Negative cash flow limits the company's ability to invest in growth opportunities and meet financial obligations, posing liquidity risks.

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 generates revenue primarily through the sale of consumer goods in its department stores. The company's key revenue streams include direct sales of merchandise to customers, which encompasses a wide range of products from clothing to electronics. Additionally, Shirble may earn income through strategic partnerships with suppliers and brand partners, enabling it to offer exclusive products or promotions. Leasing space within its stores to third-party vendors or service providers can also contribute to its revenue. The company's earnings are influenced by factors such as consumer spending habits, the economic environment, and competition within the retail sector.

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

Summary

The company is facing significant financial challenges with a decline in revenue over recent years, persistent net losses, and operational inefficiencies. Despite a strong gross profit margin, the high leverage and lack of positive cash flow underscore 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: Neutral
• Last Price: 0.10
• 50DMA: Negative
• 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 Neutral. The current price of 0.1 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.10, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.19 is Neutral, neither overbought nor oversold. The STOCH value of 35.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 *	61 Neutral	$18.09B	12.97	-1.60%	2.98%	1.42%	-15.92%
0312	45 Neutral	HK$254.45M	―	-2.41%	―	-0.83%	93.83%
NWM	―	€55.51M	26.00	0.43%	―	―	―
AVK1	―	€12.39M	―		―	―	―
0162	41 Neutral	HK$57.48M	―	-110.16%	―	-17.63%	-13.10%
0244	―	HK$486.17M	―	-103.51%	―	―	―
0602	52 Neutral	HK$62.25M	―	-489.64%	―	-13.59%	76.48%

Shirble Department Store Holdings (China) Ltd. Corporate Events

Shirble Department Store Announces Change in Hong Kong Share Registrar

Shirble Department Store Holdings (China) Ltd. has announced a change in its Hong Kong Share Registrar, effective from August 1, 2025. The new registrar will be Union Registrars Limited, and all applications for registration and transfer of shares should be directed to them from the effective date. This change is part of the company’s operational adjustments and may impact how stakeholders manage their share-related transactions.

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.