Anxian Yuan China Holdings Limited (0922) AI Stock Analysis

• Market Cap: HK$253.24M
• Dividend Yield: 9.17%
• Average Volume (3M): 1.44M
• Price to Earnings (P/E): 9.1
• Beta (1Y): 0.18
• Revenue Growth: -7.05%
• EPS Growth: -43.44%
• Country: US
• Employees: 226
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Personal Products & Services
• EPS (TTM): >-0.01
• Shares Outstanding: 2,221,363,000
• 10 Day Avg. Volume: 1,315,276
• 30 Day Avg. Volume: 1,439,892
• PEG Ratio: -0.58
• Price to Book (P/B): 0.37
• Price to Sales (P/S): 1.46
• P/FCF Ratio: 5.10
• 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: 62 Neutral
• Price Target: HK$0.12 ▲(10.00% Upside)

The overall stock score of 62 reflects a mix of strong financial stability and favorable valuation, offset by weak technical indicators. The company's solid balance sheet and attractive dividend yield are significant positives. However, declining profitability and bearish technical signals pose challenges. The absence of earnings call data and notable corporate events limits further insights.

Positive Factors

High Gross Margins

Consistently >70% gross margins indicate durable pricing power and efficient cost structure in core waste and energy services. High gross margins provide long-term headroom to absorb SG&A and invest in facility upgrades, supporting sustainable profitability even if revenue growth is uneven.

Very Low Leverage

Very low and declining debt-to-equity preserves financial flexibility and lowers default risk, enabling the company to fund capex, facility maintenance or acquisitions with less refinancing pressure. This resilience supports operational continuity through industry cycles.

Positive Free Cash Flow Growth

Improving free cash flow growth enhances the firm's ability to self-fund investments, pay consistent dividends and reduce reliance on external capital. Over the medium term, rising FCF strengthens balance sheet health and funds strategic initiatives in waste management and energy-efficiency projects.

Negative Factors

Declining Revenue

Sustained revenue contraction weakens top-line scalability and market position in core waste and energy services. Continued declines constrain operating leverage, limit reinvestment capacity, and could pressure margins and long-term growth unless new contracts or market share gains reverse the trend.

Falling Net Profit Margin

A material drop in net margin signals rising costs, pricing pressure, or lower operating efficiency. Over months, reduced bottom-line conversion undermines retained earnings and dividend sustainability, and may force strategic shifts to restore profitability if cost or pricing drivers are structural.

Weaker Return on Equity

ROE halving over two years indicates declining effectiveness in generating shareholder returns from equity base. Persistently lower ROE can reduce investor confidence, limit ability to attract capital for growth, and reflect operational or margin pressures that harm long-term value creation.

Anxian Yuan China Holdings Limited Business Overview & Revenue Model

Company Description

Anxian Yuan China Holdings Limited, an investment holding company, engages in the cemetery business in the People's Republic of China. It provides funeral and burial services; sells tombs and niches; and operates the Bai Nian Ju building covering an area of approximately 30,000 square meters. The company was formerly known as China Boon Holdings Limited and changed its name to Anxian Yuan China Holdings Limited in July 2013. Anxian Yuan China Holdings Limited was incorporated in 1999 and is headquartered in Causeway Bay, Hong Kong.

How the Company Makes Money

Anxian Yuan generates revenue through multiple streams, primarily from the operation of its waste treatment facilities, which charge fees for waste disposal and management services. The company also earns income from the sale of energy-saving products, which cater to both industrial and commercial sectors. Additionally, Anxian Yuan benefits from government contracts and subsidies related to environmental initiatives, further bolstering its revenue. Strategic partnerships with local government bodies and private enterprises enhance its market reach and service capacity, contributing significantly to its earnings.

Anxian Yuan China Holdings Limited Financial Statement Overview

Summary

Anxian Yuan China Holdings Limited demonstrates strong gross profit margins and a solid balance sheet with low leverage. However, declining revenue growth and net profit margins, along with reduced return on equity, highlight challenges in maintaining profitability and growth. The cash flow position is stable, but efficiency in cash generation has shown some decline. Overall, the company is financially stable but faces challenges in sustaining growth and profitability.

Income Statement

The company has maintained a strong gross profit margin over the years, consistently above 70%, indicating efficient cost management. However, the net profit margin has shown a declining trend from 30.8% in 2023 to 21.6% in 2025, reflecting potential challenges in maintaining profitability. The revenue growth rate has been negative in the last two years, with a significant drop of 5.5% in 2025, which is a concern for future revenue generation.

Balance Sheet

The company has a very low debt-to-equity ratio, decreasing from 0.146 in 2021 to 0.048 in 2025, indicating strong financial stability and low leverage risk. However, the return on equity has decreased from 10.8% in 2023 to 5.4% in 2025, suggesting reduced efficiency in generating profits from shareholders' equity. The equity ratio remains strong, indicating a solid capital structure.

Cash Flow

The free cash flow growth rate has been positive in 2025 at 8.6%, showing improvement in cash generation. However, the operating cash flow to net income ratio has decreased from 1.17 in 2023 to 0.44 in 2025, indicating a potential decline in cash flow efficiency. The free cash flow to net income ratio remains strong, suggesting good cash conversion from profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	236.43M	236.43M	284.43M	340.53M	310.95M	298.74M
Gross Profit	171.61M	172.98M	207.73M	251.41M	220.18M	212.94M
EBITDA	92.48M	98.85M	109.34M	169.84M	135.67M	139.97M
Net Income	51.08M	51.08M	57.82M	104.92M	73.13M	80.30M
Balance Sheet
Total Assets	1.28B	1.28B	1.28B	1.33B	1.34B	1.34B
Cash, Cash Equivalents and Short-Term Investments	329.70M	329.70M	339.43M	340.53M	209.87M	255.94M
Total Debt	44.59M	44.59M	17.74M	45.27M	49.45M	131.43M
Total Liabilities	309.91M	309.91M	296.46M	325.89M	335.74M	405.37M
Stockholders Equity	937.65M	937.65M	942.97M	970.33M	965.29M	897.19M
Cash Flow
Free Cash Flow	15.31M	67.51M	84.81M	184.43M	66.84M	104.58M
Operating Cash Flow	72.45M	72.45M	91.64M	186.51M	69.14M	109.02M
Investing Cash Flow	-129.85M	-129.85M	57.77M	-60.79M	-2.63M	-7.41M
Financing Cash Flow	-12.69M	-12.69M	-79.74M	-33.65M	-131.30M	63.93M

Anxian Yuan China Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0922, the sentiment is Negative. The current price of 0.11 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.12, and below the 200-day MA of 0.14, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.13 is Neutral, neither overbought nor oversold. The STOCH value of 111.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0922.

Anxian Yuan China Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0922	62 Neutral	HK$253.24M	9.12	2.99%	9.17%	-7.05%	-43.44%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1448	61 Neutral	HK$6.06B	-29.97	-3.58%	19.70%	-28.00%	-129.57%
6966	55 Neutral	HK$475.00M	-65.07	-3.06%	1.10%	-38.66%	-161.86%
8296	48 Neutral	HK$32.13M	-6.18	-3.96%	―	15.60%	62.35%

Anxian Yuan China Holdings Limited Corporate Events

Anxian Yuan China Holdings Reports Interim Loss Amid Rising Expenses

Anxian Yuan China Holdings Limited announced its interim results for the six months ending September 30, 2025, reporting a decrease in revenue to HK$98,499,000 compared to HK$102,307,000 in the same period of 2024. The company experienced a loss of HK$10,121,000, a significant decline from a profit of HK$18,236,000 in the previous year, mainly due to increased selling and distribution expenses. This financial performance may impact the company’s market positioning and stakeholder confidence.

Anxian Yuan China Holdings to Review Interim Results and Dividend Proposal

Anxian Yuan China Holdings Limited has announced a board meeting scheduled for November 21, 2025, to review and approve the unaudited interim results for the six months ending September 30, 2025. The meeting will also consider the recommendation of an interim dividend, which could impact shareholders and the company’s financial strategy.

Anxian Yuan China Holdings Issues Profit Warning for 2025

Anxian Yuan China Holdings Limited has issued a profit warning indicating an expected loss for the period ending September 30, 2025, compared to a profit in the previous year. This anticipated loss is primarily due to additional revaluation of Value Added Tax and PRC Income Tax amounting to approximately HK$15.6 million, which were paid by its PRC subsidiaries for prior periods. Despite this, the company does not foresee a material adverse effect on its operations, although the interim results are still being finalized and may differ from current assessments.