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Hi Sun Technology (China) Limited
(0818)
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Rating:49Neutral
Price Target:
HK$0.44
▼(-11.40% Downside)
Action:Reiterated
Date:04/28/26
The score is held back primarily by deteriorating operating performance (multi-year revenue decline and a 2025 loss) despite a very strong balance sheet and a notable 2025 cash-flow rebound. Technical indicators also point to bearish momentum, and a negative P/E reflects weak earnings-based valuation support.
Positive Factors
Balance Sheet Strength
The company’s very low leverage and sizable equity provide durable financial flexibility. Over the next 2–6 months this conservative capital structure supports operations, funds selective investments or restructurings, and reduces refinancing risk during cyclical weakness.
Negative Factors
Multi-year Revenue Decline
A sustained top-line contraction erodes scale economics and market presence. Continued revenue shrinkage over multiple years weakens bargaining power, limits reinvestment capacity, and increases the challenge of restoring growth within a 2–6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
The company’s very low leverage and sizable equity provide durable financial flexibility. Over the next 2–6 months this conservative capital structure supports operations, funds selective investments or restructurings, and reduces refinancing risk during cyclical weakness.
Read all positive factors
Hi Sun Technology (China) Limited (0818) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.21B
Dividend YieldN/A
Average Volume (3M)4.59M
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue Growth-9.54%
EPS Growth-178.87%
CountryHK
Employees2,494
SectorTechnology
Sector Strength88
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-0.04
Shares Outstanding2,776,833,700
10 Day Avg. Volume9,976,500
30 Day Avg. Volume4,586,800
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.10
Price to Sales (P/S)0.34
P/FCF Ratio0.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Hi Sun Technology (China) Limited Business Overview & Revenue Model
Company Description
Hi Sun Technology (China) Ltd. is an investment holding company, which engages in the provision of financial solutions. It operates through the following segments: Payment and Digital Services, Fintech Services, Platform Operation Services, and Fi...
How the Company Makes Money
Hi Sun Technology (China) Limited generates revenue mainly by selling technology products and delivering technology services to customers. Key revenue streams generally include: (1) fees from providing IT solutions (e.g., software development/cust...
Hi Sun Technology (China) Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
82
Very Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.12B | 2.34B | 2.71B | 3.43B | 4.18B |
| Gross Profit | 828.10M | 862.03M | 947.89M | 1.24B | 1.17B |
| EBITDA | -314.96M | -83.38M | 610.77M | 490.18M | 3.66B |
| Net Income | -121.55M | 157.60M | 463.43M | 510.08M | 3.52B |
Balance Sheet | |||||
| Total Assets | 14.43B | 11.86B | 13.03B | 11.46B | 10.82B |
| Cash, Cash Equivalents and Short-Term Investments | 7.38B | 3.45B | 7.25B | 4.60B | 4.03B |
| Total Debt | 111.68M | 118.00M | 86.17M | 350.63M | 34.02M |
| Total Liabilities | 6.42B | 4.14B | 5.25B | 3.90B | 3.33B |
| Stockholders Equity | 7.39B | 7.13B | 7.19B | 6.62B | 6.42B |
Cash Flow | |||||
| Free Cash Flow | 1.24B | -517.60M | 1.17B | 545.39M | -738.57M |
| Operating Cash Flow | 1.26B | -482.84M | 1.21B | 609.01M | -569.10M |
| Investing Cash Flow | -194.71M | 73.38M | -38.57M | 118.34M | 131.60M |
| Financing Cash Flow | 311.37M | 314.00K | -1.16B | 233.54M | 100.36M |
Hi Sun Technology (China) Limited Technical Analysis
Positive
0.50
Price Trends
0.42
Positive
0.44
Negative
0.48
Negative
Market Momentum
>-0.01
Positive
53.88
Neutral
30.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0818, the sentiment is Positive. The current price of 0.5 is above the 20-day moving average (MA) of 0.42, above the 50-day MA of 0.42, and above the 200-day MA of 0.48, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 53.88 is Neutral, neither overbought nor oversold. The STOCH value of 30.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0818.
Hi Sun Technology (China) Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | HK$4.59B | 2.34 | 67.29% | ― | 135.34% | ― | |
55 Neutral | HK$2.25B | 18.31 | 3.13% | ― | 7.28% | 6.77% | |
54 Neutral | HK$3.95B | -7.06 | -6.21% | ― | -4.47% | 43.95% | |
50 Neutral | HK$2.17B | 28.72 | 7.02% | ― | -0.39% | -74.19% | |
49 Neutral | HK$1.21B | -9.71 | -1.65% | ― | -9.54% | -178.87% | |
43 Neutral | HK$2.20B | -6.97 | -18.74% | ― | 23.91% | 55.97% |
* Technology Sector Average
HK:0818
Hi Sun Technology (China) Limited
0.44
-0.03
-5.43%
HK:6608
Bairong, Inc. Class B
4.65
-4.70
-50.27%
HK:9923
Yeahka Limited
4.87
-7.55
-60.79%
HK:9959
Linklogis Inc. Class B
1.85
0.02
0.98%
HK:2121
AInnovation Technology Group
3.91
-2.14
-35.37%
HK:2598
Lianlian DigiTech Co., Ltd. Class H
4.07
-6.43
-61.24%
Hi Sun Technology (China) Limited Corporate Events
Hi Sun Technology Issues RMB169 Million in Phase 3 Asset-Backed Securities
Apr 22, 2026
Hi Sun Technology (China) Limited has launched Phase 3 of its Suixin Cloud Chain-E Credit Supply Chain Financial Asset-backed Special Scheme in mainland China, issuing RMB169 million of asset-backed securities backed by factoring loan receivables....
Hi Sun Technology Calls 2026 AGM and Seeks Fresh Share Issuance Mandate
Apr 15, 2026
Hi Sun Technology (China) Limited has called its annual general meeting for 20 May 2026 in Hong Kong to adopt the audited consolidated financial statements for the year ended 31 December 2025 and receive the reports of its directors and auditor. S...
Hi Sun Technology Swings to 2025 Loss Despite Stronger Balance Sheet
Mar 19, 2026
Hi Sun Technology (China) Limited reported a 9% decline in revenue to HK$2.12 billion for 2025, with gross profit down 10% and segmental EBITDA falling 22%, reflecting pressure on its core payment and technology operations. The group swung to an o...
Hi Sun Technology Taps ABS Market to Fund Fintech Growth
Mar 12, 2026
Hi Sun Technology’s subsidiary Ronghui Zhida Factoring has launched the Ronghui Zhida-Xingyue No. 2 Credit Supply Chain Financial Asset-backed Special Scheme in China, with regulatory clearance for up to RMB1 billion of non-revolving securit...
Hi Sun Technology Schedules March 2026 Board Meeting on 2025 Results and Dividend
Mar 9, 2026
Hi Sun Technology (China) Limited has scheduled a board meeting for 19 March 2026 to review and approve the consolidated final results for the year ended 31 December 2025. The board will also consider declaring a final dividend or other distributi...
Hi Sun Technology flags further impairment on Megahunt investment for 2025
Feb 11, 2026
Hi Sun Technology (China) Limited has alerted shareholders that it expects to book a non-cash impairment loss of about HK$100 million in 2025 on its investment in associated company Megahunt Technologies Inc., following a revised forecast reflecti...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.