China Tonghai International Financial Limited (0952) AI Stock Analysis

• Market Cap: HK$1.09B
• Dividend Yield: N/A
• Average Volume (3M): 1.09M
• Price to Earnings (P/E): 59.4
• Beta (1Y): 0.16
• Revenue Growth: 14.16%
• EPS Growth: -161.03%
• Country: HK
• Employees: 200
• Sector: Financial
• Sector Strength: 77
• Industry: Financial - Capital Markets
• EPS (TTM): -0.01
• Shares Outstanding: 6,197,049,300
• 10 Day Avg. Volume: 1,878,000
• 30 Day Avg. Volume: 1,090,158
• PEG Ratio: 0.02
• Price to Book (P/B): 0.57
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.42
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• Price Target: HK$0.00 ▼(-100.00%Downside)

China Tonghai International Financial Limited is facing significant financial performance and valuation issues, with negative net income and a lack of dividend yield. The technical indicators suggest bearish momentum, but potential oversold conditions may offer future trading opportunities. The company's financial challenges are the most significant factor impacting the score.

China Tonghai International Financial Limited Business Overview & Revenue Model

Company Description

China Tonghai International Financial Limited (0952) is a Hong Kong-based financial services company. It operates in the financial sector, providing a range of services including securities trading, asset management, and wealth management. The company caters to both individual and institutional clients, offering a comprehensive suite of financial products and services to meet diverse investment needs.

How the Company Makes Money

China Tonghai International Financial Limited generates revenue primarily through its securities trading and brokerage services, earning commissions and fees from facilitating trades for clients. Additionally, the asset management segment contributes to the company's income by charging management and performance fees on the assets managed on behalf of clients. Wealth management services further enhance revenue through advisory fees and the sale of investment products. Strategic partnerships and collaborations with other financial institutions may also play a role in expanding their service offerings and customer base, thereby increasing revenue opportunities.

China Tonghai International Financial Limited Financial Statement Overview

Summary

China Tonghai International Financial Limited shows mixed financial health with fluctuating revenues and profitability challenges, as evidenced by negative net income. The balance sheet is relatively stable with moderate leverage, but declining asset and equity levels may pose future risks. Cash flow issues are notable, with operational cash flows drying up in the latest period. Overall, while there are some strengths in the balance sheet, the company's financial performance is hindered by profitability and cash flow weaknesses.

Income Statement

The income statement reveals fluctuating revenue with a significant drop in the latest year, alongside a negative net income. Gross profit margins have improved from the previous year, but the overall net profit margin remains negative, indicating profitability challenges. The revenue has seen considerable volatility, impacting the company's financial stability.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, indicating manageable leverage levels. There is a significant equity base providing stability, although there is a decline in total assets and equity over the years. The equity ratio remains strong, suggesting a solid financial foundation despite the declining trend.

Cash Flow

Cash flow analysis highlights a concerning lack of free cash flow growth and a zero operating cash flow in the latest year, suggesting operational challenges. The free cash flow to net income ratio is not meaningful due to negative net income, further emphasizing cash flow issues. Overall, cash flow management appears weak.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	376.21M	384.77M	-177.82M	857.82M	1.10B
Gross Profit	206.01M	98.30M	-428.69M	529.81M	683.65M
EBITDA	4.51M	199.10M	-1.42B	-1.50B	643.81M
Net Income	-73.37M	119.54M	-1.58B	-2.26B	103.25M
Balance Sheet
Total Assets	4.19B	4.06B	4.68B	6.84B	9.94B
Cash, Cash Equivalents and Short-Term Investments	889.95M	824.32M	963.29M	1.70B	2.29B
Total Debt	718.00M	735.52M	954.32M	1.55B	1.95B
Total Liabilities	2.20B	2.00B	2.67B	3.24B	4.05B
Stockholders Equity	1.99B	2.06B	2.01B	3.60B	5.89B
Cash Flow
Free Cash Flow	208.22M	168.92M	475.17M	651.99M	351.76M
Operating Cash Flow	209.82M	185.23M	476.43M	657.55M	362.16M
Investing Cash Flow	50.98M	-16.31M	-1.26M	35.92M	-10.40M
Financing Cash Flow	-224.94M	-235.71M	-683.13M	-501.97M	-319.47M

China Tonghai International Financial Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.18
• 50DMA: Negative
• 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:0952, the sentiment is Neutral. The current price of 0.18 is above the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.19, and below the 200-day MA of 0.20, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.41 is Neutral, neither overbought nor oversold. The STOCH value of 36.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0952.

China Tonghai International Financial Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0717	75 Outperform	€721.27M	8.92	2.36%	―	-4.56%	―
0335	63 Neutral	HK$1.88B	27.03	2.46%	2.86%	-15.77%	-47.32%
Sector *	58 Neutral	HK$91.33B	5.24	-3.21%	5.29%	7.36%	-55.21%
0111	56 Neutral	€365.49M	35.40	1.08%	―	31.33%	―
0993	50 Neutral	HK$2.44B	―		―	-74.76%	33.57%
0952	45 Neutral	HK$1.09B	59.38	-3.62%	―	14.16%	-161.03%
0812	31 Underperform	€109.85M	―		―	-79.70%	29.55%

China Tonghai International Financial Limited Corporate Events

Quam Plus Updates Nomination Committee Terms for Enhanced Governance

China Tonghai International Financial Limited, operating under the name Quam Plus International Financial Limited, has revised the terms of reference for its Nomination Committee as part of its corporate governance practices. The update, approved by the board of directors, ensures compliance with the Corporate Governance Code under the Hong Kong Stock Exchange Listing Rules. The revision emphasizes the committee’s composition, meeting protocols, and authority, aiming to enhance transparency and accountability in the nomination process.

China Tonghai International Financial Limited AGM Resolutions Unanimously Approved

China Tonghai International Financial Limited, operating under the name Quam Plus International Financial Limited, held its Annual General Meeting on 13 June 2025, where all proposed ordinary resolutions were unanimously passed by shareholders. The resolutions included the adoption of financial statements, re-election of directors, and authorization for the board to appoint additional directors and fix their remuneration. Additionally, mandates for issuing and repurchasing shares were approved, reflecting strong shareholder support and potentially enhancing the company’s operational flexibility.

China Tonghai Announces Property Disposal Transaction

China Tonghai International Financial Limited has announced a property disposal transaction involving an indirect wholly-owned subsidiary of the company. The property is being sold for approximately US$29,034,000, and the transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange’s listing rules. The sale is expected to impact the company’s financials and market positioning, as it involves a significant asset disposal.

China Tonghai International Financial Limited Announces Annual General Meeting Agenda

China Tonghai International Financial Limited has announced its upcoming annual general meeting, scheduled for June 13, 2025, in Hong Kong. The meeting will address several key agenda items, including the adoption of the audited financial statements for 2024, the re-election of directors, and the re-appointment of the company’s auditor. Additionally, the meeting will consider a resolution to authorize the directors to issue additional shares and securities, which could impact the company’s capital structure and shareholder value.