Shunten International (Holdings) Ltd. (0932) AI Stock Analysis

• Market Cap: HK$152.29M
• Dividend Yield: N/A
• Average Volume (3M): 25.25M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.09
• Revenue Growth: -12.96%
• EPS Growth: -5950.00%
• Country: HK
• Employees: 245
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): -0.01
• Shares Outstanding: 3,107,893,600
• 10 Day Avg. Volume: 31,635,200
• 30 Day Avg. Volume: 25,251,200
• PEG Ratio: <0.01
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 3.15
• 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: 54 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score is primarily influenced by the company's financial performance challenges, including declining revenue and negative profitability, despite strong cash flow generation. Technical analysis shows bullish momentum, but high RSI suggests caution. Valuation is weak due to negative earnings and lack of dividend yield.

Shunten International (Holdings) Ltd. Business Overview & Revenue Model

Company Description

Shunten International (Holdings) Ltd. is a Hong Kong-based investment holding company primarily engaged in the trading and manufacturing of a variety of consumer products. The company operates in sectors such as electronics, consumer goods, and manufacturing services, providing a diverse range of products that cater to both domestic and international markets. With a focus on quality and sustainability, Shunten International aims to deliver innovative solutions to its clients while fostering strong relationships with suppliers and customers alike.

How the Company Makes Money

Shunten International generates revenue through multiple streams, primarily by engaging in the trading and manufacturing of consumer products. The company profits from direct sales of its products to retailers and wholesalers, leveraging its established supply chain and distribution networks. Additionally, Shunten International may earn income through partnerships with manufacturers and suppliers, allowing it to offer a wider range of products without incurring significant production costs. The company's revenue model may also include service agreements and contracts for custom manufacturing solutions, further diversifying its income sources.

Shunten International (Holdings) Ltd. Financial Statement Overview

Summary

The company faces challenges with declining revenue and negative profitability, as indicated by a negative net profit margin and declining EBIT and EBITDA margins. However, cash flow generation is a positive aspect, with strong free cash flow growth. The balance sheet shows manageable leverage but poor returns on equity.

Income Statement

The income statement shows a declining trend in revenue with a negative growth rate of -2.62% in the latest year. Gross profit margin remains strong at 77%, but the company struggles with profitability, evidenced by a negative net profit margin of -17.68% and declining EBIT and EBITDA margins. The company needs to address its cost structure and improve revenue growth to enhance profitability.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.94, indicating manageable leverage. However, the return on equity is negative at -26.53%, suggesting inefficiencies in generating returns for shareholders. The equity ratio is not explicitly calculated, but the company needs to focus on improving asset utilization and profitability to enhance shareholder value.

Cash Flow

Cash flow analysis shows a positive free cash flow growth rate of 30.24%, indicating improved cash generation. The operating cash flow to net income ratio is 0.17, suggesting some challenges in converting income into cash. However, the free cash flow to net income ratio is strong at 0.99, reflecting effective cash management despite profitability issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	205.05M	205.05M	235.59M	216.13M	155.64M	223.15M
Gross Profit	157.95M	157.95M	184.21M	166.31M	107.31M	161.45M
EBITDA	-14.67M	-14.67M	21.47M	55.24M	-18.47M	-76.59M
Net Income	-36.24M	-36.24M	571.00K	41.04M	-43.89M	-127.38M
Balance Sheet
Total Assets	288.90M	288.90M	344.33M	339.45M	246.77M	208.33M
Cash, Cash Equivalents and Short-Term Investments	5.53M	5.53M	12.70M	13.11M	35.28M	36.65M
Total Debt	128.92M	128.92M	122.18M	86.50M	121.54M	154.91M
Total Liabilities	153.56M	153.56M	172.73M	196.04M	144.12M	189.29M
Stockholders Equity	136.62M	136.62M	172.89M	146.01M	105.16M	21.05M
Cash Flow
Free Cash Flow	23.66M	23.66M	33.77M	2.94M	10.46M	31.05M
Operating Cash Flow	24.02M	24.02M	38.78M	4.84M	10.46M	31.18M
Investing Cash Flow	-342.00K	-342.00K	-4.95M	-15.27M	30.29M	4.21M
Financing Cash Flow	-30.84M	-30.84M	-34.10M	7.45M	-61.66M	-55.73M

Shunten International (Holdings) Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 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:0932, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.08 is Neutral, neither overbought nor oversold. The STOCH value of 72.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0932.

Shunten International (Holdings) Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1695	63 Neutral	HK$104.76M	4.16	11.24%	―	37.73%	150.54%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
8362	56 Neutral	HK$77.00M	―	-1.83%	―	-0.97%	-140.00%
0932	54 Neutral	HK$152.29M	―	-23.42%	―	-12.96%	-5950.00%
2147	51 Neutral	HK$48.16M	-0.36	-28.48%	―	56.39%	-86.79%
0841	45 Neutral	HK$76.01M	-0.58	-23.44%	―	-18.03%	-17.44%
1676	43 Neutral	HK$129.36M	-0.93	-70.35%	―	22.31%	2.36%

Shunten International (Holdings) Ltd. Corporate Events

Shunten International Concludes Unconditional Cash Offer

Shunten International (Holdings) Limited, incorporated in the Cayman Islands, has announced the closure of a mandatory unconditional cash offer by Leading Virtue Holdings Limited to acquire all issued shares not already owned by the offeror. The offer, which closed on November 4, 2025, received valid acceptances for 53,888,000 shares, representing approximately 1.73% of the company’s entire issued share capital. The total cash consideration for the accepted shares amounts to HK$1,293,312, with payments to be dispatched to shareholders no later than November 13, 2025.

Leading Virtue Holdings Gains Control of Shunten International

Leading Virtue Holdings Limited has made a mandatory conditional cash offer to acquire all issued shares of Shunten International (Holdings) Ltd. not already owned by it or its concert parties. As of October 20, 2025, the offer has become unconditional, with Leading Virtue Holdings and its concert parties now holding over 50% of the voting rights, potentially impacting the company’s control and strategic direction.

Shunten International Announces Dispatch of Composite Document for Share Acquisition Offer

Shunten International (Holdings) Limited, in conjunction with Leading Virtue Holdings Limited, has announced the dispatch of a Composite Document related to a mandatory conditional cash offer. This offer, facilitated by Prime Securities Limited on behalf of Leading Virtue Holdings Limited, aims to acquire all issued shares of Shunten International, excluding those already owned by the offeror and its affiliates. The dispatch of this document marks a significant step in the acquisition process, providing shareholders with detailed information on the offer, including the expected timetable and acceptance procedures.

Shunten International Delays Dispatch of Composite Document for Cash Offer

Shunten International (Holdings) Limited, in collaboration with Leading Virtue Holdings Limited, announced a delay in the dispatch of a composite document related to a mandatory conditional cash offer. The delay, extending the deadline to October 14, 2025, is due to additional time needed to finalize the document’s content, including financial and valuation reports. This delay may impact the timeline of the offer, and stakeholders are advised to exercise caution as the offer’s conditions are yet to be satisfied.

Leading Virtue Holdings Initiates Major Acquisition of Shunten International Shares

Leading Virtue Holdings Limited, along with Cheung Siu Fai, has entered into a Sale and Purchase Agreement to acquire a significant portion of Shunten International’s shares. This acquisition, totaling approximately 24.65% of the company’s total issued share capital, triggers a mandatory conditional cash offer by Prime Securities Limited on behalf of Leading Virtue Holdings to acquire the remaining issued shares, excluding those already owned or agreed to be acquired by the Offeror.

Shunten International Announces Unanimous Approval of AGM Resolutions

Shunten International (Holdings) Ltd. announced that all resolutions proposed at its annual general meeting on 3 September 2025 were unanimously approved by shareholders. This includes the re-election of directors, re-appointment of auditors, and granting of mandates to the board for share issuance and repurchase, indicating strong shareholder support and stability in the company’s governance and strategic direction.