China Ruifeng Renewable Energy Holdings Ltd. (0527) AI Stock Analysis

• Market Cap: HK$1.08B
• Dividend Yield: N/A
• Average Volume (3M): 8.32M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.17
• Revenue Growth: 5.48%
• EPS Growth: -11.10%
• Country: HK
• Employees: 152
• Sector: Utilities
• Sector Strength: 65
• Industry: Renewable Utilities
• EPS (TTM): -0.02
• Shares Outstanding: 1,714,719,100
• 10 Day Avg. Volume: 6,664,960
• 30 Day Avg. Volume: 8,323,006
• PEG Ratio: 0.38
• Price to Book (P/B): -7.48
• Price to Sales (P/S): 3.04
• P/FCF Ratio: -1.60
• 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: 40 Underperform
• Price Target: HK$0.58 ▼(-3.33% Downside)

The score is primarily constrained by weak financial performance (declining revenue, ongoing losses, negative equity, and pressured cash generation). Technical indicators are mixed with a weaker mid-term trend but neutral momentum, while valuation remains challenged due to losses and no dividend support.

Positive Factors

Industry Position / Structural Tailwind

Operating in the renewable utilities sector offers a durable structural market backdrop as global energy systems shift to low-carbon generation. This supports long-term demand for projects and capacity additions, reinforcing multi‑year revenue opportunity versus cyclical fossil markets.

Gross Margin Quality

A relatively healthy gross margin provides operational resilience: it cushions the business against higher SG&A or financing costs and means unit economics are fundamentally intact. If revenue stabilizes, margin strength can accelerate recovery toward profitability.

Historical Free Cash Flow

Prior positive free cash flow indicates the business has generated cash from operations in the past, evidencing asset-level cash productivity. That historical ability, if restored, can be used to deleverage or fund capex without constant external financing, aiding long-term viability.

Negative Factors

Negative Equity / High Leverage

Negative equity and elevated leverage materially constrain financial flexibility and raise insolvency risk. Over the medium term this limits ability to fund growth, increases refinancing and covenant risk, and may force dilutive capital injections or asset sales to repair the balance sheet.

Operating Cash Flow Pressure

Operating cash flow falling to zero undermines the firm's capacity to cover operating expenses and service debt from core operations. Sustained weak cash generation forces reliance on external financing, raising funding risk and reducing ability to invest in long‑term projects or maintenance.

Persistent Net Losses and Revenue Decline

Ongoing net losses combined with declining revenues prevent the company from building retained earnings and reinvesting for growth. Over several quarters this erodes competitive positioning, pressures margins, and heightens the need for structural operational fixes or strategic repositioning.

China Ruifeng Renewable Energy Holdings Ltd. Business Overview & Revenue Model

Company Description

China Ruifeng Renewable Energy Holdings Limited, an investment holding company, generates wind power in the People's Republic of China. The company operates wind farms; produces wind turbine blades and components; offers electrical and mechanical equipment maintenance services; and money lending services. It also produces healthy products; and provides management and administration services. The company was formerly known as China Ruifeng Galaxy Renewable Energy Holdings Limited and changed its name to China Ruifeng Renewable Energy Holdings Limited in June 2013. China Ruifeng Renewable Energy Holdings Limited was incorporated in 2005 and is based in Wan Chai, Hong Kong.

How the Company Makes Money

China Ruifeng Renewable Energy Holdings Ltd. generates revenue mainly through the sale of electricity produced from its renewable energy projects, including solar and wind farms. The company earns income from long-term power purchase agreements (PPAs) with local utilities and government entities, ensuring a steady revenue stream. Additionally, the manufacturing and sale of photovoltaic products contribute to its earnings. Strategic partnerships with other companies in the renewable sector and government incentives for renewable energy projects further enhance its financial performance. The company's revenue model is also supported by the growing demand for sustainable energy solutions in China, driven by regulatory policies favoring renewable energy development.

China Ruifeng Renewable Energy Holdings Ltd. Financial Statement Overview

Summary

Financials show material stress: declining revenue and persistent net losses, high leverage with negative equity (insolvency risk), and operating cash flow recently falling to zero despite historically positive free cash flow.

Income Statement

China Ruifeng Renewable Energy Holdings Ltd. has been experiencing declining revenues and profitability. The gross profit margin is relatively healthy, but the company has reported a consistent net loss, indicating challenges in cost management and operational efficiency. The revenue growth rate is negative, reflecting a downturn in sales performance.

Balance Sheet

The company's balance sheet reveals high leverage with a significant debt-to-equity ratio due to negative equity. The equity ratio is negative, indicating insolvency risk. Return on Equity is not meaningful due to negative equity, and the company needs to address its capital structure to enhance financial stability.

Cash Flow

Cash flows are under pressure, with operating cash flow recently dropping to zero. Historical free cash flow was positive, but the absence of growth in the latest year is concerning. The company must improve its cash generation capabilities to support operations and debt obligations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	346.11M	336.27M	343.81M	304.44M	352.41M	346.40M
Gross Profit	99.91M	119.17M	125.96M	64.11M	112.77M	123.37M
EBITDA	137.15M	157.52M	214.64M	157.97M	-38.63M	123.19M
Net Income	-131.22M	-132.52M	-108.95M	-154.45M	-368.56M	-213.01M
Balance Sheet
Total Assets	2.73B	2.48B	1.87B	2.01B	2.24B	3.10B
Cash, Cash Equivalents and Short-Term Investments	244.49M	245.65M	387.53M	423.17M	244.98M	860.94M
Total Debt	2.32B	2.08B	1.52B	1.73B	1.71B	2.22B
Total Liabilities	2.67B	2.39B	1.65B	1.89B	1.96B	2.47B
Stockholders Equity	-158.86M	-136.61M	10.75M	-73.90M	72.52M	402.01M
Cash Flow
Free Cash Flow	-628.03M	-639.43M	122.69M	362.25M	105.43M	177.86M
Operating Cash Flow	88.72M	109.36M	126.24M	363.08M	134.80M	183.50M
Investing Cash Flow	-622.43M	-649.88M	7.70M	6.11M	-66.36M	-7.20M
Financing Cash Flow	533.81M	398.68M	-170.00M	-192.24M	-683.71M	580.07M

China Ruifeng Renewable Energy Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0527, the sentiment is Neutral. The current price of 0.6 is below the 20-day moving average (MA) of 0.61, below the 50-day MA of 0.63, and above the 200-day MA of 0.57, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.84 is Neutral, neither overbought nor oversold. The STOCH value of 75.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0527.

China Ruifeng Renewable Energy Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8326	72 Outperform	HK$195.09M	5.37	9.36%	―	-40.01%	-63.23%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
0987	62 Neutral	HK$340.84M	9.13	2.00%	3.70%	15.92%	―
0090	58 Neutral	HK$522.80M	13.77	4.04%	1.05%	16.01%	-53.67%
0451	50 Neutral	HK$2.05B	-2.97	-35.49%	―	39.42%	56.89%
0527	40 Underperform	HK$1.08B	-7.49	―	―	5.48%	-11.10%
0295	40 Underperform	HK$284.32M	―	―	―	―	―

China Ruifeng Renewable Energy Holdings Ltd. Corporate Events

China Ruifeng Sets Out Board and Committee Line-Up

China Ruifeng Renewable Energy Holdings Limited has announced the current composition of its board of directors, comprising Chairman and executive director Yuan Wanyong, Chief Executive Officer and executive director Zhang Zhixiang, and three independent non-executive directors: Qu Weidong, Hu Xiaolin and Jiang Senlin. The company also detailed the updated structure of its three key board committees, assigning Jiang Senlin as chairman of the audit committee, Hu Xiaolin as chair of the remuneration committee and Qu Weidong as chair of the nomination committee, signalling a clearer distribution of governance responsibilities intended to strengthen oversight and corporate governance practices for shareholders and other stakeholders.

The most recent analyst rating on (HK:0527) stock is a Hold with a HK$0.60 price target. To see the full list of analyst forecasts on China Ruifeng Renewable Energy Holdings Ltd. stock, see the HK:0527 Stock Forecast page.

China Ruifeng Renewable Energy Announces Retirement of Executive Director

China Ruifeng Renewable Energy Holdings has announced the resignation of executive director Mr. Ning Zhongzhi, effective 28 January 2026, citing retirement as the reason. The company emphasized that Mr. Ning has no disagreements with the board and that there are no matters related to his departure requiring shareholder attention, suggesting an orderly transition with limited immediate impact on corporate governance. The board expressed its appreciation for Mr. Ning’s contributions and confirmed that the executive leadership team now consists of chairman Mr. Yuan Wanyong and CEO Mr. Zhang Zhixiang, alongside three independent non-executive directors, maintaining the company’s existing governance framework.

The most recent analyst rating on (HK:0527) stock is a Hold with a HK$0.60 price target. To see the full list of analyst forecasts on China Ruifeng Renewable Energy Holdings Ltd. stock, see the HK:0527 Stock Forecast page.

China Ruifeng Sees Winding-Up Petition Withdrawn After High Court Order

China Ruifeng Renewable Energy Holdings Limited has announced that the High Court has granted an order, pursuant to a consent summons filed at the end of December, to withdraw a winding-up petition against the company and vacate the hearing that had been scheduled for 28 January 2026. The withdrawal removes an immediate legal and financial overhang for the renewable energy group, easing concerns among shareholders and potential investors about its solvency risks and helping to stabilise the company’s standing in the market as it continues to operate under the scrutiny of Hong Kong’s listing and securities regulations.

The most recent analyst rating on (HK:0527) stock is a Sell with a HK$0.58 price target. To see the full list of analyst forecasts on China Ruifeng Renewable Energy Holdings Ltd. stock, see the HK:0527 Stock Forecast page.

China Ruifeng Ends Share, Bond Subscription and 50% Stake Acquisition After Conditions Lapse

China Ruifeng Renewable Energy Holdings Limited has terminated its proposed subscription of new shares and convertible bonds under a specific mandate, as well as its planned acquisition of a 50% equity interest in a target company, after key conditions precedent and effectiveness conditions were not satisfied by the respective long stop date of 31 December 2025. As a consequence, the related agreements have lapsed in accordance with their terms, the associated application for a whitewash waiver is no longer required, and the board maintains that these terminations will not have any material adverse impact on the group’s current operations or financial position, limiting immediate changes to its capital structure and acquisition-led growth plans.

The most recent analyst rating on (HK:0527) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Ruifeng Renewable Energy Holdings Ltd. stock, see the HK:0527 Stock Forecast page.

China Ruifeng Reaches Settlement to Withdraw Winding-Up Petition

China Ruifeng Renewable Energy Holdings Limited has reached a settlement proposal with the petitioner in a previously disclosed winding-up petition and has jointly filed a consent summons with the High Court to withdraw the case as of 30 December 2025. The company emphasized that the petition has not resulted in any winding-up order, no court hearing has yet taken place, and its daily operations remain unaffected, while advising shareholders and potential investors to stay alert to investment risks as it continues to provide updates on any material developments.

The most recent analyst rating on (HK:0527) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Ruifeng Renewable Energy Holdings Ltd. stock, see the HK:0527 Stock Forecast page.

China Ruifeng Faces Winding-Up Petition Amid Bond Dispute

China Ruifeng Renewable Energy Holdings Ltd. has received a winding-up petition from Wang Jin, alleging a debt of HKD7,075,060.87 due to non-payment of bonds issued in 2021. The company is actively negotiating with the petitioner and believes the petition will not significantly impact its financial position or operations, as it has sufficient cash reserves to cover potential repayment orders. The hearing is scheduled for January 2026, and the company is seeking legal advice and may request an extension.

The most recent analyst rating on (HK:0527) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Ruifeng Renewable Energy Holdings Ltd. stock, see the HK:0527 Stock Forecast page.

China Ruifeng Renewable Energy Provides Update on Proposed Transactions

China Ruifeng Renewable Energy Holdings Ltd. has announced a monthly update regarding its proposed subscription of new shares, convertible bonds, and acquisition of a 50% equity interest in a target company. The completion of these transactions is contingent upon fulfilling certain conditions, none of which have been fully satisfied as of the announcement date. The company is actively communicating with relevant parties to facilitate progress, but no significant advancements have been made. The company has received consent to extend the deadline for dispatching the required circular to December 31, 2025, but warns that if conditions are not met by this date, the agreements will lapse.

The most recent analyst rating on (HK:0527) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Ruifeng Renewable Energy Holdings Ltd. stock, see the HK:0527 Stock Forecast page.