Qingdao Holdings International Limited (0499) AI Stock Analysis

• Market Cap: HK$131.81M
• Dividend Yield: N/A
• Average Volume (3M): 128.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.04
• Revenue Growth: -6.81%
• EPS Growth: -23.46%
• Country: HK
• Employees: 110
• Sector: Technology
• Sector Strength: 88
• Industry: Real Estate - Services
• EPS (TTM): -0.01
• Shares Outstanding: 998,553,340
• 10 Day Avg. Volume: 158,591
• 30 Day Avg. Volume: 128,212
• PEG Ratio: 0.40
• Price to Book (P/B): 0.47
• Price to Sales (P/S): 3.00
• P/FCF Ratio: -1.21
• 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: 52 Neutral
• Price Target: HK$0.13 ▲(11.67% Upside)

The score is held back primarily by weak financial performance, including ongoing losses and negative operating/free cash flow. Technicals provide meaningful support (price above major DMAs and positive MACD), but valuation remains constrained by loss-making fundamentals and no stated dividend yield.

Positive Factors

Diversified real estate business model

Operating across development, investment and asset management in residential, commercial and industrial segments provides multiple, durable revenue streams (sales, rentals, management fees). This diversification reduces single-market cyclicality and supports longer-term cash generation flexibility.

Resilient gross profit margin (~57.6%)

A ~57.6% gross margin indicates underlying project pricing and cost control at the development level. If the company can address operating and financing costs, these healthy project margins provide a structural path to restoring profitability as market demand stabilizes.

Moderate equity ratio and healthy cash

A 39% equity ratio and reported healthy cash offer relative balance sheet resilience vs. peers, reducing near-term solvency pressures. This liquidity and capital buffer supports project funding, limits immediate refinancing risk, and gives time to execute operational turnaround strategies.

Negative Factors

Declining revenues and persistent net losses

Sustained top-line contraction and recurring net losses weaken the firm's ability to self-fund projects and erode retained capital. Over several months this dynamic increases reliance on external finance, constrains strategic investments, and undermines the path to durable profitability without structural change.

Negative operating cash flow and free cash flow

Ongoing operating cash outflows and negative FCF indicate core business does not generate sufficient cash to sustain operations or invest. This forces dependence on financing activities, raises funding cost risk, and limits ability to pursue growth or absorb market downturns over the medium term.

Negative EBIT/EBITDA and weak operating margins

Persistent negative operating margins show structural inefficiencies beyond gross margin generation, such as high SG&A or financing costs. Without sustained margin improvement, the company will struggle to convert development profitability into net earnings, risking long-term viability and investor confidence.

Qingdao Holdings International Limited Business Overview & Revenue Model

Company Description

Qingdao Holdings International Limited, an investment holding company, engages in property leasing activities in Hong Kong and the People's Republic of China. It operates through five segments: Leasing of Properties, Production and Sale of Education Equipment, Loan Financing, Consulting Service, and Real Estate Development. The Leasing of Properties segment primarily leases residential, industrial, and commercial premises. The Production and Sale of Education Equipment segment is involved in the research, development, production, and sale of digital Chinese calligraphy education equipment; and provision of learning and tutorial systems. The Loan Financing segment provides loan financing services to individual and corporate customers, as well as money lending services. The Consulting Service segment provides construction project supervision, project cost, and bidding consulting services. The Real Estate Development segment offers real estate development services. The company also offers project construction services. Qingdao Holdings International Limited was formerly known as HyComm Wireless Limited and changed its name to Qingdao Holdings International Limited in November 2014. The company was founded in 1997 and is headquartered in Admiralty, Hong Kong. Qingdao Holdings International Limited is a subsidiary of China Qingdao International (Holdings) Company Limited.

How the Company Makes Money

Qingdao Holdings International Limited generates revenue primarily through its real estate development and property investment activities. The company makes money by developing residential and commercial properties, which are then sold or leased to generate income. Key revenue streams include sales of developed properties, rental income from its investment properties, and management fees from asset management services. Additionally, the company may engage in joint ventures or strategic partnerships with other firms in the real estate sector, further diversifying its revenue sources. Factors contributing to its earnings include market demand for real estate, property appreciation, and effective management of its assets.

Qingdao Holdings International Limited Financial Statement Overview

Summary

Qingdao Holdings International Limited faces profitability challenges, with declining revenues and consistent net losses. Despite a healthy gross profit margin, negative EBIT and EBITDA margins indicate operating inefficiencies. The balance sheet shows moderate financial stability with a strong equity base, but high leverage poses risks. Significant operating cash outflows result in negative free cash flow, highlighting cash flow deficits.

Income Statement

The company's income statement reveals declining revenues over recent years, coupled with consistent net losses. Gross profit margin remained fairly healthy at around 57.6% in 2024, but the net profit margin suffered due to sizeable net losses, reflecting profitability challenges. Negative EBIT and EBITDA margins further indicate operating inefficiencies.

Balance Sheet

The balance sheet shows a strong equity base relative to total assets, with an equity ratio of 39.0% in 2024, indicating moderate financial stability. However, a high debt-to-equity ratio of 0.027 signals potential leverage-related risks. The company has maintained a healthy cash position, enhancing its liquidity status.

Cash Flow

Cash flow analysis highlights significant operating cash outflows in 2024, leading to negative free cash flow. The operating cash flow to net income ratio is unfavorable due to substantial net losses. While the company has engaged in financing activities to bolster cash reserves, this may not be sustainable long-term.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	50.51M	44.33M	42.30M	56.60M	69.26M	66.65M
Gross Profit	0.00	25.54M	19.90M	38.03M	44.69M	48.84M
EBITDA	2.86M	-5.09M	-26.83M	-56.32M	40.76M	34.57M
Net Income	-32.10M	-15.31M	-47.32M	-68.84M	8.36M	2.44M
Balance Sheet
Total Assets	758.23M	726.90M	1.25B	1.10B	1.04B	799.76M
Cash, Cash Equivalents and Short-Term Investments	184.16M	178.40M	158.32M	175.14M	235.17M	110.83M
Total Debt	381.21M	7.64M	504.22M	508.56M	426.57M	483.60M
Total Liabilities	403.48M	387.78M	893.69M	702.05M	587.12M	511.22M
Stockholders Equity	297.03M	283.54M	293.47M	338.25M	384.87M	222.08M
Cash Flow
Free Cash Flow	-364.61M	-109.98M	5.91M	12.65M	-59.61M	43.77M
Operating Cash Flow	-364.59M	-109.96M	6.56M	14.51M	-37.03M	46.99M
Investing Cash Flow	322.72M	-60.28M	-5.31M	-7.94M	-47.91M	-111.34M
Financing Cash Flow	-164.47M	188.95M	-19.56M	-76.63M	212.31M	108.17M

Qingdao Holdings International Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0499, the sentiment is Positive. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.11, and above the 200-day MA of 0.11, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.80 is Neutral, neither overbought nor oversold. The STOCH value of 93.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0499.

Qingdao Holdings International Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2146	69 Neutral	HK$118.44M	3.93	5.00%	―	0.75%	-6.96%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
0499	52 Neutral	HK$131.81M	-4.11	-10.84%	―	-6.81%	-23.46%
6958	46 Neutral	HK$129.69M	-0.52	-24.03%	―	-0.04%	-104.98%
0183	45 Neutral	HK$98.64M	-1.48	-4.91%	―	30.19%	72.49%
2340	42 Neutral	HK$123.12M	-1.91	-29.30%	―	-2.33%	-149.41%

Qingdao Holdings International Limited Corporate Events

Qingdao Holdings Details Strategic Expansion into Electronics Distribution and Tech Services

Qingdao Holdings International Limited has provided further details on its planned Technology Business, which will centre on distributing electronic components such as passive components, power devices and memory chips through its wholly owned subsidiary Prime Concept Development Limited. Operating initially as an independent distributor under a procure–store–sell model, the company will assume inventory and credit risk, set prices based on a data-driven system and recognise revenue upon transfer of title, while positioning itself to evolve into a technology player with its own R&D and manufacturing capabilities. To stay competitive with peers that increasingly offer value-added services, Qingdao Holdings intends to supplement product distribution with application design solutions, technical and supply chain support, leveraging existing technology staff, new hires and external providers, which signals a strategic push to deepen its role in the electronics supply chain and enhance margins and customer stickiness.

The most recent analyst rating on (HK:0499) stock is a Hold with a HK$0.10 price target. To see the full list of analyst forecasts on Qingdao Holdings International Limited stock, see the HK:0499 Stock Forecast page.

Qingdao Holdings Reshapes Board Committees After INED Resignations

Qingdao Holdings International Limited has announced the resignation of independent non-executive directors (INEDs) Mr. Yin Tek Shing, Paul and Mr. Li Xue, effective 29 December 2025, in line with the company’s corporate governance code requirements on the term of office for INEDs and the Hong Kong Corporate Governance Code. Both departing directors stated they had no disagreement with the board and no matters requiring shareholder or regulator attention, but their exit triggers changes in the membership of the audit, nomination and remuneration committees. Following Mr. Li’s resignation as chairman of the audit committee, existing INED Ms. Qi Yan, who has served on the audit, nomination and remuneration committees since June 2025, has been appointed as the new audit committee chair, signaling continuity in oversight while refreshing the company’s independent governance structure.

The most recent analyst rating on (HK:0499) stock is a Hold with a HK$0.10 price target. To see the full list of analyst forecasts on Qingdao Holdings International Limited stock, see the HK:0499 Stock Forecast page.

Qingdao Holdings Outlines Board and Committee Structure

Qingdao Holdings International Limited, a Bermuda-incorporated company listed in Hong Kong, has announced the current composition of its board, comprising three executive directors and three independent non-executive directors, reflecting a typical Hong Kong-listed corporate governance structure. The company has also confirmed the membership and chairmanships of its three key board committees—nomination, remuneration and audit—signalling a clear division of oversight responsibilities and reinforcing governance transparency for shareholders and other stakeholders.

The most recent analyst rating on (HK:0499) stock is a Hold with a HK$0.10 price target. To see the full list of analyst forecasts on Qingdao Holdings International Limited stock, see the HK:0499 Stock Forecast page.

Qingdao Holdings Appoints New Independent Non-Executive Director

Qingdao Holdings International Limited has announced the appointment of Mr. Feng Enxin as an Independent Non-executive Director and a member of the Audit, Remuneration, and Nomination Committees, effective November 18, 2025. Mr. Feng brings extensive experience in the securities industry and financial management, having held significant roles at CITIC Securities and other financial institutions. His appointment is expected to strengthen the company’s governance and strategic oversight, potentially enhancing its market position and stakeholder confidence.

Qingdao Holdings Announces Board Composition and Committee Roles

Qingdao Holdings International Limited, a company incorporated in Bermuda, has announced the composition of its board of directors and their respective roles. The board consists of executive directors including Mr. Cui Mingshou as Chairman and Mr. Wang Yimei as Deputy Chairman, along with several independent non-executive directors. The announcement also details the membership of three board committees: Nomination, Remuneration, and Audit, highlighting the leadership roles within each committee. This update on the board’s structure is significant for stakeholders as it outlines the governance framework and leadership dynamics that will guide the company’s strategic direction.

Qingdao Holdings Updates Use of Rights Issue Proceeds

Qingdao Holdings International Limited announced an update on the change in the use of proceeds from its rights issue. The company has decided to reallocate the unutilized net proceeds of RMB69.35 million, initially intended for investment opportunities and general working capital, towards technology business and other uses by the end of 2026. This decision comes after the company was unable to find suitable investment opportunities and aims to optimize capital utilization and ensure operational stability.