Kiu Hung International Holdings Limited (0381) AI Stock Analysis

• Market Cap: HK$121.23M
• Dividend Yield: N/A
• Average Volume (3M): 2.74M
• Price to Earnings (P/E): ―
• Beta (1Y): -1.01
• Revenue Growth: 19.25%
• EPS Growth: -263.84%
• Country: HK
• Employees: 365
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): >-0.01
• Shares Outstanding: 947,124,500
• 10 Day Avg. Volume: 1,505,658
• 30 Day Avg. Volume: 2,735,907
• PEG Ratio: 0.03
• Price to Book (P/B): 1.81
• Price to Sales (P/S): 1.16
• P/FCF Ratio: -45.31
• 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: 43 Neutral
• Price Target: HK$0.18 ▼(-14.76% Downside)
• Action: Reiterated Date: 01/31/26
• Date: Action: Reiterated 01/31/26

Overall score is driven primarily by weak financial performance—ongoing losses and especially unstable cash generation—along with leverage risk on the balance sheet. Technicals add a modest headwind with a broader downtrend (below key long-term moving averages) and negative MACD, while valuation is inconclusive given the negative P/E and no dividend yield data.

Positive Factors

Diversified manufacturing base

A diversified product portfolio across electronic components, plastics and machinery provides durable demand exposure across end markets. Broad manufacturing capabilities and strategic partnerships support resilience to sector-specific shocks and enable cross-selling and operational scale over the medium term.

Revenue growth trend

Reported ~19% revenue growth indicates expanding top-line activity and market demand. Sustainable revenue expansion can absorb fixed costs, provide runway for margin recovery, and underpin operational improvements if maintained, supporting medium-term business stability and strategic investments.

Improving liquidity and equity

Noted improvements in cash, short-term investments and equity provide a stronger liquidity buffer and modestly improved solvency. This enhances the company's ability to manage working capital, fund near-term needs and reduce short-term refinancing pressure if management sustains these trends.

Negative Factors

Persistent net losses

Recurring losses over multiple years erode retained earnings and limit internal funding for growth or restructuring. Persistent unprofitability undermines long-term viability unless margins are structurally improved, increasing dependency on external capital and constraining strategic options over the medium term.

Volatile cash generation

Irregular operating cash flow and absence of consistent free cash flow impair the company’s ability to self-fund capex, manage payables and invest in growth. This volatility raises liquidity risk and forces reliance on debt or equity financing, which can be costly and dilute strategy execution.

High leverage and low equity ratio

Elevated debt levels relative to equity increase interest burden and financial vulnerability to demand shocks or margin pressure. High leverage limits flexibility for M&A or capex, raises refinancing risk, and can constrain negotiating power with suppliers and lenders over the medium term.

Kiu Hung International Holdings Limited Business Overview & Revenue Model

Company Description

Kiu Hung International Holdings Limited, an investment holding company, manufactures and trades in toys and gifts. It operates through six segments: Manufacturing and Trading of Toys and Gifts Items, Exploration of Natural Resources, Fruit Plantation, Leisure, Culture, and Chinese Herbs. The company engages in the exploration of natural resources; and invests in fruit plantation, outbound tourism, tea and wine products related, and cultural items businesses. It also provides management services; trades in flags and garden products, as well as ceramic items; and holds and invests in properties, as well as engages in forestry products, wholesale, and beverage retail activities. It operates in the People's Republic of China, the United States, Canada, Spain, Italy, France, the United Kingdom, South America, and Asia. The company was formerly known as Kiu Hung Energy Holdings Limited and changed its name to Kiu Hung International Holdings Limited in December 2014. Kiu Hung International Holdings Limited was founded in 1991 and is headquartered in Wan Chai, Hong Kong.

How the Company Makes Money

Kiu Hung International Holdings Limited generates revenue through several key streams, primarily from the sale of its manufactured products such as electronic components and machinery. The company benefits from economies of scale in production, allowing it to maintain competitive pricing while maximizing profit margins. Additionally, Kiu Hung may engage in partnerships with other firms for distribution and supply chain efficiencies, which can enhance its market reach and reduce costs. The company may also explore opportunities in export markets, thereby increasing its sales volume and diversifying its revenue sources.

Kiu Hung International Holdings Limited Financial Statement Overview

Summary

Weak financial profile: income statement shows persistent losses (negative net income in 4 of the last 5 years) and pressured margins; cash flow is the main drag with volatile operating cash flow and inconsistent/weak free cash flow; balance sheet is somewhat better but still leveraged with a high debt-to-equity and low equity ratio despite some improvement in equity and cash.

Income Statement

The company's revenue has shown fluctuations over recent years, with a slight increase in the latest period. However, net income has been negative in four of the last five years, indicating ongoing profitability challenges. Although there has been a reduction in net loss in the latest period, margin analysis reveals pressure on profitability, with a negative net profit margin and a declining gross profit margin.

Balance Sheet

The company's balance sheet shows a significant amount of debt relative to equity, with a high debt-to-equity ratio signifying leverage risk. Although stockholders' equity has improved, the equity ratio remains low, indicating potential financial instability. The improvements in cash and short-term investments are positive, but overall balance sheet health needs careful management.

Cash Flow

The cash flow statement indicates volatility, with operating cash flows alternating between positive and negative. The lack of consistent positive free cash flow is concerning, reflecting challenges in sustaining cash generation from operations. The inability to maintain positive free cash flow to net income ratio signals potential liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	446.50M	386.66M	383.92M	420.90M	323.72M	203.35M
Gross Profit	136.10M	141.67M	165.81M	157.02M	91.92M	65.78M
EBITDA	24.83M	27.08M	30.44M	71.38M	-57.62M	-34.24M
Net Income	-108.25M	-84.63M	37.21M	-59.52M	-226.75M	-71.78M
Balance Sheet
Total Assets	843.88M	796.61M	770.28M	879.94M	956.44M	852.89M
Cash, Cash Equivalents and Short-Term Investments	116.98M	153.65M	111.87M	99.06M	201.11M	21.64M
Total Debt	263.53M	243.59M	275.00M	377.72M	424.23M	390.50M
Total Liabilities	443.83M	412.96M	430.31M	594.93M	744.25M	558.90M
Stockholders Equity	248.32M	249.16M	214.21M	185.73M	135.13M	286.91M
Cash Flow
Free Cash Flow	37.63M	-9.93M	10.24M	-149.47M	126.86M	-63.19M
Operating Cash Flow	44.18M	-3.37M	27.54M	-146.70M	127.54M	-62.69M
Investing Cash Flow	-2.83M	-5.92M	-17.06M	-2.63M	30.47M	-480.00K
Financing Cash Flow	-6.48M	32.24M	5.65M	43.42M	21.63M	66.33M

Kiu Hung International Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.21
• 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:0381, the sentiment is Negative. The current price of 0.21 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.18, and below the 200-day MA of 0.35, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 31.27 is Neutral, neither overbought nor oversold. The STOCH value of 6.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0381.

Kiu Hung International Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0114	66 Neutral	HK$374.78M	1.91	8.24%	8.96%	5.72%	986.84%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1005	50 Neutral	HK$336.51M	-7.10	-37.46%	4.17%	-13.08%	-21.27%
0381	43 Neutral	HK$121.23M	-16.25	-41.64%	―	19.25%	-263.84%
0180	43 Neutral	HK$211.03M	-0.62	-10.53%	―	-7.61%	-37.66%
6918	42 Neutral	HK$139.03M	-2.22	-19.89%	―	84.26%	44.41%
0361	41 Neutral	HK$409.59M	-4.63	-7.42%	―	-5.36%	-63.16%

Kiu Hung International Holdings Limited Corporate Events

AOM International Extends Long Stop Date for 72.5% Stake Acquisition and Delays Circular Dispatch

AOM International Group Company Limited has agreed to extend the long stop date for its previously announced acquisition of a 72.5% equity interest in Jiangxi Jiuai Food Co., Ltd. to 20 March 2026, giving the parties additional time to satisfy or waive the conditions under the existing sale and purchase agreement while keeping all other terms unchanged. The company also postponed the dispatch of its shareholder circular, which will provide further details of the acquisition and the related issue of convertible bonds under a specific mandate, to on or before 13 February 2026, indicating that additional time is needed to finalise the requisite information for shareholders’ consideration.

The most recent analyst rating on (HK:0381) stock is a Sell with a HK$0.19 price target. To see the full list of analyst forecasts on Kiu Hung International Holdings Limited stock, see the HK:0381 Stock Forecast page.

AOM International Details Full Deployment of 2024 Fundraising Proceeds

AOM International Group has clarified how it used funds raised through several 2023–2024 equity and convertible bond transactions, confirming that all proceeds were fully deployed by the end of 2024. The HK$44.5 million net proceeds from its February 2024 convertible bond placing were allocated as planned to build a Chinese medicinal herbs plantation base in Hubei, establish new TCM decoction pieces production lines, and provide general working capital, underscoring the group’s push into traditional Chinese medicine infrastructure. In addition, the company raised about HK$51.3 million via a September 2024 share placing to repay outstanding Hubei convertible bonds and bolster working capital, while two separate share issues in May and October 2024 capitalised loans owed to creditors, collectively improving the group’s balance sheet and clarifying its capital structure for investors.

The most recent analyst rating on (HK:0381) stock is a Hold with a HK$0.26 price target. To see the full list of analyst forecasts on Kiu Hung International Holdings Limited stock, see the HK:0381 Stock Forecast page.

AOM International Partners with Guangdong Qianjunwanjiang to Boost Wine and Spirits Business

AOM International Group Company Limited has announced a strategic cooperation with Guangdong Qianjunwanjiang Group Co., Ltd. to enhance their wine and spirits business in Mainland China. This partnership aims to leverage both companies’ strengths to explore new opportunities in the growing wine and spirits market, focusing on creating innovative ‘medicinal wine fusion’ products and expanding sales channels. The collaboration is expected to strengthen market positioning and provide financial support for entrepreneurial initiatives, benefiting both companies and their stakeholders.

The most recent analyst rating on (HK:0381) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Kiu Hung International Holdings Limited stock, see the HK:0381 Stock Forecast page.

Kiu Hung International Holdings to Acquire Majority Stake in Target Company

Kiu Hung International Holdings Limited, through its wholly-owned subsidiary, has entered into an agreement to acquire 72.5% equity interests in a target company for HK$59 million. This acquisition will be financed through the issuance of convertible bonds. The transaction is classified as a discloseable transaction under the Listing Rules, requiring shareholder approval. The acquisition aims to enhance the company’s strategic positioning, although its completion is contingent upon certain conditions.

The most recent analyst rating on (HK:0381) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Kiu Hung International Holdings Limited stock, see the HK:0381 Stock Forecast page.