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Shunten International (Holdings) Ltd. (HK:0932)
:0932
Hong Kong Market

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

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HK:0932

Shunten International (Holdings) Ltd.

(0932)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
HK$0.03
▼(-25.00% Downside)
Action:ReiteratedDate:03/24/26
The score is driven down primarily by volatile profitability and a return to losses in 2025, with technicals also weak as the price sits below key moving averages and MACD is negative. Improved leverage and currently positive/free cash flow provide some support, but negative earnings (and a negative P/E) keep overall risk elevated.
Positive Factors
Free cash flow generation
The company produced positive operating and free cash flow in 2024–2025 and materially improved FCF in 2025 even while reporting a net loss. Durable cash generation reduces reliance on external equity, supports debt amortization or reinvestment, and gives management runway to address operating volatility over the next several quarters.
Negative Factors
Volatile profitability
The company's profitability has swung between profit and loss across recent years, culminating in a meaningful loss in 2025. Such recurring volatility undermines long-term return predictability, impairs retained earnings, and makes sustained investment planning and consistent ROE recovery difficult without structural cost or revenue fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
The company produced positive operating and free cash flow in 2024–2025 and materially improved FCF in 2025 even while reporting a net loss. Durable cash generation reduces reliance on external equity, supports debt amortization or reinvestment, and gives management runway to address operating volatility over the next several quarters.
Read all positive factors

Shunten International (Holdings) Ltd. (0932) vs. iShares MSCI Hong Kong ETF (EWH)

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

Company Description
Shunten International (Holdings) Limited, an investment holding company, engages in marketing, sale, and distribution of health and beauty supplements and products in Hong Kong, Taiwan, and internationally. The company provides its products under ...
How the Company Makes Money
Shunten International (Holdings) Ltd. generates revenue by selling consumer products through its e-commerce platforms and brick-and-mortar stores. Its key revenue streams include the direct sale of health, beauty, and lifestyle products and profit...

Shunten International (Holdings) Ltd. Financial Statement Overview

Summary
Fundamentals are weak overall: income statement performance is volatile with a swing to a meaningful loss in 2025 and repeated loss years, partly offset by strong gross margins. Balance sheet leverage has improved to below 1.0 debt-to-equity recently, but equity declined and ROE turned negative again in 2025. Cash flow is the main support, with positive and improving free cash flow in 2025 despite the net loss, though historical durability has been uneven.
Income Statement
38
Negative
Balance Sheet
45
Neutral
Cash Flow
60
Neutral
BreakdownTTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2021
Income Statement
Total Revenue204.15M205.05M235.59M216.13M155.64M223.15M
Gross Profit153.34M157.95M184.21M166.31M107.31M161.45M
EBITDA-28.13M-14.67M21.47M55.24M-18.47M-76.59M
Net Income-44.55M-36.24M571.00K41.04M-43.89M-127.38M
Balance Sheet
Total Assets280.62M288.90M344.33M339.45M246.77M208.33M
Cash, Cash Equivalents and Short-Term Investments10.97M5.53M12.70M13.11M35.28M36.65M
Total Debt121.83M128.92M122.18M86.50M121.54M154.91M
Total Liabilities157.80M153.56M172.73M196.04M144.12M189.29M
Stockholders Equity124.09M136.62M172.89M146.01M105.16M21.05M
Cash Flow
Free Cash Flow13.39M23.66M33.77M2.94M10.46M31.05M
Operating Cash Flow13.87M24.02M38.78M4.84M10.46M31.18M
Investing Cash Flow-472.00K-342.00K-4.95M-15.27M30.29M4.21M
Financing Cash Flow-21.16M-30.84M-34.10M7.45M-61.66M-55.73M

Shunten International (Holdings) Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.04
Price Trends
50DMA
0.03
Negative
100DMA
0.04
Negative
200DMA
0.04
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
44.02
Neutral
STOCH
42.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0932, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.02 is Neutral, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0932.

Shunten International (Holdings) Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
60
Neutral
HK$109.08M4.848.84%37.73%150.54%
51
Neutral
HK$72.80M-35.13-2.28%-0.97%-140.00%
44
Neutral
HK$96.34M-2.04-34.17%-3.05%-204.26%
44
Neutral
HK$59.46M-1.04-114.40%22.31%2.36%
43
Neutral
HK$97.65M1.70-21.93%75.21%18.42%
42
Neutral
HK$40.32M-0.44-18.01%56.39%-86.79%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0932
Shunten International (Holdings) Ltd.
0.03
<0.01
29.17%
HK:1676
China Shenghai Group Limited
0.23
-0.19
-46.19%
HK:1695
S&P International Holding Limited
0.10
0.03
32.89%
HK:2147
Zhengwei Group Holdings Company Limited
0.60
-0.10
-14.29%
HK:8362
Winning Tower Group Holdings Limited
0.05
>-0.01
-13.33%
HK:0841
Asia Cassava Resources Holdings Limited
0.17
0.08
87.64%

Shunten International (Holdings) Ltd. Corporate Events

Shunten International Adds Experienced Finance Executive Chow Wah Hung to Board
Apr 9, 2026
Shunten International (Holdings) Ltd. has appointed 36-year-old finance professional Chow Wah Hung as an executive director effective 9 April 2026, strengthening its board with expertise spanning asset management, private equity, venture capital a...
Shunten International Updates Board and Committee Roles to Strengthen Governance
Apr 9, 2026
Shunten International (Holdings) Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 932, has a board comprising executive, non-executive and independent non-executive directors. This governance structure is design...
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.Date of analysis: Mar 24, 2026