China Tangshang Holdings Limited. (0674) AI Stock Analysis

• Market Cap: HK$401.13M
• Dividend Yield: N/A
• Average Volume (3M): 230.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.35
• Revenue Growth: -53.91%
• EPS Growth: -499.35%
• Country: HK
• Employees: 21
• Sector: Financial
• Sector Strength: 74
• Industry: Real Estate - Services
• EPS (TTM): -0.01
• Shares Outstanding: 3,428,466,600
• 10 Day Avg. Volume: 217,600
• 30 Day Avg. Volume: 230,533
• PEG Ratio: 0.09
• Price to Book (P/B): 0.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 1.55
• 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

• Rating: 39 Underperform
• Price Target: ―

China Tangshang Holdings Limited's strong revenue growth is heavily outweighed by significant profitability and liquidity challenges. The high leverage and negative cash flows are concerning, while technical indicators suggest a bearish trend. The negative P/E ratio and absence of dividends further diminish its valuation appeal, resulting in a low overall stock score.

China Tangshang Holdings Limited. Business Overview & Revenue Model

Company Description

China Tangshang Holdings Limited (0674) is a diversified investment holding company engaged in various business sectors. The company primarily focuses on property development and investment, which includes the acquisition, development, and management of properties. Additionally, it is involved in the provision of financial services, such as financing and investments, catering to a broad spectrum of clients.

How the Company Makes Money

China Tangshang Holdings Limited generates revenue through several key streams. The primary source of income is its property development and investment sector, where the company earns money by selling developed properties, leasing out investment properties for rental income, and through capital appreciation of property assets. Another significant revenue channel is its financial services division, which includes interest income from loans provided to clients and returns on various financial investments. The company's strategic partnerships and joint ventures in both real estate and financial sectors further enhance its revenue potential, allowing it to leverage expertise and resources to optimize returns.

China Tangshang Holdings Limited. Financial Statement Overview

Summary

China Tangshang Holdings Limited shows strong revenue growth, but this is overshadowed by declining profitability and increasing operational inefficiencies. The balance sheet indicates a high level of leverage and declining equity ratios, which could pose risks if profitability does not improve. The negative cash flows highlight potential liquidity issues, which may require strategic adjustments to enhance financial stability.

Income Statement

The company's revenue showed a significant increase from 2023 to 2024, indicating strong growth potential. However, the gross profit margin decreased from 28% in 2023 to 12% in 2024, and the net profit margin turned negative, indicating profitability challenges. The EBIT and EBITDA margins also turned negative, highlighting operational inefficiencies and potential cost management issues.

Balance Sheet

The company's debt-to-equity ratio improved slightly from 0.81 in 2023 to 0.93 in 2024, indicating a slightly higher leverage. The return on equity (ROE) is negative due to the net loss, which is concerning. The equity ratio decreased from 18.7% to 21.3%, suggesting a decline in financial stability. Nonetheless, the company maintains a substantial asset base.

Cash Flow

Operating cash flow turned negative in 2024, indicating cash flow challenges. The free cash flow also went negative, reflecting potential liquidity issues. The operating cash flow to net income ratio is concerning as the cash outflow from operations is not supporting net income.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
468.06M	877.47M	650.77M	256.89M	56.16M	78.42M
	Gross Profit
4.64M	103.96M	182.16M	101.27M	31.91M	49.72M
	EBIT
-165.45M	-35.06M	170.59M	78.55M	3.15M	15.83M
	EBITDA
-199.57M	-130.82M	157.46M	64.42M	-24.04M	-10.56M
	Net Income Common Stockholders
-298.44M	-115.06M	30.37M	8.02M	-13.35M	-37.31M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
129.82M	152.66M	409.35M	144.76M	61.59M	150.43M
	Total Assets
2.79B	3.12B	4.29B	1.96B	1.90B	559.25M
	Total Debt
610.41M	619.03M	652.36M	639.11M	839.46M	296.97M
	Net Debt
494.20M	479.92M	243.01M	494.36M	777.87M	146.54M
	Total Liabilities
1.93B	2.21B	3.25B	1.36B	1.33B	430.49M
	Stockholders Equity
628.84M	665.52M	801.83M	386.46M	364.95M	100.57M
Cash Flow		Free Cash Flow
-56.40M	-221.84M	357.21M	354.86M	-38.03M	12.95M
	Operating Cash Flow
-56.40M	-221.84M	357.21M	355.10M	-31.18M	14.10M
	Investing Cash Flow
25.78M	25.66M	69.54M	6.77M	-236.51M	-5.41M
	Financing Cash Flow
-66.12M	-59.97M	-154.35M	-280.89M	174.79M	22.09M

China Tangshang Holdings Limited. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.12
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Positive. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.12, and below the 200-day MA of 0.13, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.67 is Neutral, neither overbought nor oversold. The STOCH value of 78.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
2388	78 Outperform	$365.82B	9.57	11.58%	13.14%	8.61%	16.84%
Sector *	64 Neutral	$12.86B	9.79	7.84%	78.10%	12.05%	-7.99%
3669	55 Neutral	$4.13B	19.30	1.44%	6.80%	-14.25%	-65.33%
0207	46 Neutral	HK$3.30B	―	-0.98%	6.21%	48.92%	-176.75%
0674	39 Underperform	HK$401.13M	―	-31.92%	―	-53.91%	-499.35%