China Tangshang Holdings Limited. (0674) AI Stock Analysis

• Market Cap: HK$332.56M
• Dividend Yield: N/A
• Average Volume (3M): 257.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.24
• Revenue Growth: 10.09%
• EPS Growth: 70.76%
• Country: HK
• Employees: 21
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): >-0.01
• Shares Outstanding: 3,428,466,600
• 10 Day Avg. Volume: 88,000
• 30 Day Avg. Volume: 257,666
• PEG Ratio: 0.23
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 0.79
• P/FCF Ratio: -27.90
• 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: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: HK$0.10 ▲(14.44% Upside)

The overall stock score is primarily influenced by the company's financial performance challenges, particularly in profitability and cash flow. Technical analysis provides some positive signals, but the valuation remains a concern due to the negative P/E ratio. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for the company's products and services, enhancing its market position and potential for future expansion.

Strategic Diversification

Diversification into hospitality and property development can provide additional revenue streams and reduce dependency on the core ceramic business, supporting long-term stability.

Economies of Scale

Economies of scale allow for competitive pricing and improved profitability, strengthening the company's competitive advantage in the market.

Negative Factors

Profitability Challenges

Negative profitability metrics suggest operational inefficiencies and challenges in converting revenue into profit, which could hinder long-term financial health.

High Leverage

High leverage can strain financial resources and limit the company's ability to invest in growth opportunities, posing a risk to long-term stability.

Cash Flow Challenges

Declining cash flow growth indicates potential liquidity issues, affecting the company's ability to fund operations and invest in future growth.

China Tangshang Holdings Limited. Business Overview & Revenue Model

Company Description

China Tangshang Holdings Limited (0674) is a diversified investment holding company primarily engaged in the manufacturing and trading of ceramic products, particularly porcelain. The company operates within the construction materials sector, focusing on providing high-quality ceramic tiles and related products for residential and commercial projects. Additionally, it explores opportunities in the hospitality and property development sectors, enhancing its portfolio through strategic investments and partnerships.

How the Company Makes Money

China Tangshang Holdings Limited generates revenue through multiple key streams primarily centered around the production and sale of ceramic tiles. The company sells its products to various distributors and retailers, contributing significantly to its income. Additionally, it earns revenue from property development projects and investments in the hospitality sector, which further diversify its income sources. Strategic partnerships with construction firms and real estate developers also play a crucial role in driving sales and expanding market reach. The company benefits from economies of scale in manufacturing and distribution, ensuring competitive pricing and profitability.

China Tangshang Holdings Limited. Financial Statement Overview

Summary

China Tangshang Holdings Limited shows strong revenue growth but faces significant challenges in profitability and cash flow. High leverage and negative return on equity indicate potential financial risks.

Income Statement

The company has shown a positive revenue growth rate of 24.09% in the latest year, indicating a strong top-line performance. However, profitability metrics such as the net profit margin and EBIT margin are negative, reflecting operational challenges and inefficiencies. The gross profit margin has improved compared to the previous year, but the overall profitability remains a concern.

Balance Sheet

The debt-to-equity ratio has improved slightly, indicating better leverage management, but it remains relatively high, suggesting potential financial risk. The return on equity is negative, highlighting the company's struggle to generate profits from shareholders' equity. The equity ratio is stable, indicating a balanced asset structure.

Cash Flow

The company experienced a significant decline in free cash flow growth, with a negative growth rate of -71.02%. The operating cash flow to net income ratio is negative, indicating cash flow challenges. Despite these issues, the free cash flow to net income ratio remains stable at 1.0, suggesting that the company is managing its cash flow relative to its net income effectively.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	580.82M	580.82M	877.47M	650.77M	256.89M	56.16M
Gross Profit	110.53M	110.53M	103.96M	198.77M	101.27M	31.91M
EBITDA	-80.26M	-80.26M	-130.82M	157.46M	84.28M	-24.04M
Net Income	-89.06M	-89.06M	-115.06M	30.37M	8.02M	-13.35M
Balance Sheet
Total Assets	2.30B	2.30B	3.12B	4.29B	1.96B	1.90B
Cash, Cash Equivalents and Short-Term Investments	39.08M	39.08M	152.66M	429.09M	213.78M	175.94M
Total Debt	497.92M	497.92M	619.03M	652.36M	639.11M	839.46M
Total Liabilities	1.47B	1.47B	2.21B	3.25B	1.36B	1.33B
Stockholders Equity	570.64M	570.64M	665.52M	801.83M	386.46M	364.95M
Cash Flow
Free Cash Flow	-16.34M	-16.34M	-221.84M	357.21M	354.86M	-38.03M
Operating Cash Flow	-16.34M	-16.34M	-221.84M	357.21M	355.10M	-31.18M
Investing Cash Flow	1.10K	1.10K	25.66M	69.54M	6.77M	-236.51M
Financing Cash Flow	-86.54M	-86.54M	-59.97M	-154.35M	-280.89M	174.79M

China Tangshang Holdings Limited. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.09
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0674, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.09, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.02 is Neutral, neither overbought nor oversold. The STOCH value of 30.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0674.

China Tangshang Holdings Limited. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2165	77 Outperform	HK$565.66M	6.90	11.46%	―	5.01%	-31.83%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
3662	63 Neutral	HK$334.08M	7.84	3.28%	6.31%	-14.43%	-77.55%
2107	57 Neutral	HK$293.73M	-13.79	-4.06%	14.66%	6.30%	-128.34%
9608	49 Neutral	HK$299.52M	33.91	2.06%	―	0.88%	-25.81%
0674	48 Neutral	HK$332.56M	-3.73	-11.63%	―	10.09%	70.76%

China Tangshang Holdings Limited. Corporate Events

China Tangshang Holdings to Review Interim Results and Dividend

China Tangshang Holdings Limited has announced that its Board of Directors will hold a meeting on November 28, 2025, to review and approve the unaudited interim results for the six months ending September 30, 2025. The meeting will also consider the declaration of an interim dividend, if applicable. This announcement is significant as it highlights the company’s ongoing financial assessment and potential shareholder returns, which could impact investor confidence and market positioning.

China Tangshang Holdings Secures Unanimous Shareholder Approval at AGM

China Tangshang Holdings Limited announced that all resolutions proposed at its Annual General Meeting on September 19, 2025, were unanimously approved by shareholders. The resolutions included the adoption of audited financial statements, re-election of directors, and granting mandates to the board for share allotment and buyback. This unanimous approval indicates strong shareholder support for the company’s current management and strategic direction, potentially enhancing its operational stability and market confidence.

China Tangshang Holdings Adjusts AGM Plans Amid Weather Concerns

China Tangshang Holdings Limited has announced a contingency plan for its Annual General Meeting (AGM) originally scheduled for September 19, 2025, in Hong Kong due to the potential impact of a tropical cyclone. The company has outlined that if severe weather signals are lowered by 1:00 p.m. on the day of the meeting, the AGM will proceed as planned. However, if adverse conditions persist, the meeting will be rescheduled, with all resolutions and proxy forms remaining valid. Shareholders are advised to consider their safety when deciding to attend.