China Tonghai International Financial Limited (HK:0952)
:0952
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China Tonghai International Financial Limited
(0952)
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Rating:43Neutral
Price Target:
HK$0.11
▼(-22.86% Downside)
Action:Reiterated
Date:05/16/26
The score is held down primarily by deteriorating financial performance in 2025 (sharp revenue decline, deep losses, and negative operating/free cash flow). Technicals also remain bearish with the price below key moving averages and negative MACD, while valuation is difficult to assess due to a negative P/E and no dividend yield data.
Positive Factors
Diversified financial services model
The company offers brokerage, corporate finance, capital markets advisory and wealth management, giving multiple fee and commission streams. This diversification cushions revenue volatility across market cycles and supports durable client relationships and advisory mandates over the next several months.
Negative Factors
Sharp 2025 revenue decline and deep losses
A roughly 53% revenue drop and very negative net margin indicate materially weakened core business performance. Such a step-change in top-line and profitability undermines operating leverage and cash runway; without structural recovery, it will constrain investment and risk further equity erosion over coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified financial services model
The company offers brokerage, corporate finance, capital markets advisory and wealth management, giving multiple fee and commission streams. This diversification cushions revenue volatility across market cycles and supports durable client relationships and advisory mandates over the next several months.
Read all positive factors
China Tonghai International Financial Limited (0952) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$645.32M
Dividend YieldN/A
Average Volume (3M)1.55M
Price to Earnings (P/E)―
Beta (1Y)0.12
Revenue Growth-57.15%
EPS Growth-223.53%
CountryHK
Employees200
SectorFinancial
Sector Strength70
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)-0.04
Shares Outstanding6,197,049,300
10 Day Avg. Volume1,159,118
30 Day Avg. Volume1,549,101
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.55
Price to Sales (P/S)5.09
P/FCF Ratio-56.80
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
China Tonghai International Financial Limited Business Overview & Revenue Model
Company Description
China Tonghai International Financial Limited, an investment holding company, provides various financial services in Hong Kong. It operates through Brokerage, Interest Income, Corporate Finance, Asset Management, Investments, and Others segments. ...
How the Company Makes Money
null...
China Tonghai International Financial Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 181.05M | 376.21M | 384.77M | -255.78M | -1.78B |
| Gross Profit | 59.29M | 206.01M | 98.30M | -1.14B | 529.81M |
| EBITDA | -179.77M | 4.51M | 199.10M | -1.42B | -1.50B |
| Net Income | -236.69M | -73.37M | 119.54M | -1.58B | -2.26B |
Balance Sheet | |||||
| Total Assets | 3.73B | 4.19B | 4.06B | 4.68B | 6.84B |
| Cash, Cash Equivalents and Short-Term Investments | 242.67M | 889.95M | 824.32M | 963.29M | 1.70B |
| Total Debt | 478.09M | 718.00M | 735.52M | 954.32M | 1.55B |
| Total Liabilities | 2.04B | 2.20B | 2.00B | 2.67B | 3.24B |
| Stockholders Equity | 1.69B | 1.99B | 2.06B | 2.01B | 3.60B |
Cash Flow | |||||
| Free Cash Flow | -16.23M | 208.22M | 168.92M | 475.17M | 651.99M |
| Operating Cash Flow | -14.66M | 209.82M | 185.23M | 476.43M | 657.55M |
| Investing Cash Flow | 265.74M | 50.98M | -16.31M | -1.26M | 35.92M |
| Financing Cash Flow | -296.84M | -224.94M | -235.71M | -683.13M | -501.97M |
China Tonghai International Financial Limited Technical Analysis
Negative
0.14
Price Trends
0.13
Negative
0.13
Negative
0.14
Negative
Market Momentum
>-0.01
Positive
27.47
Positive
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0952, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.13, and above the 200-day MA of 0.14, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 27.47 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0952.
China Tonghai International Financial Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$436.02M | 5.50 | 1.47% | ― | 21.23% | 678.88% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | HK$451.64M | 3.69 | 4.26% | ― | -22.54% | 60.00% | |
58 Neutral | HK$1.74B | 37.69 | 1.63% | 2.14% | -20.02% | 10.62% | |
43 Neutral | HK$645.32M | -2.31 | -14.53% | ― | -57.15% | -223.53% | |
41 Neutral | HK$853.54M | -1.41 | 21.05% | ― | -56.73% | -79.40% |
* Financial Sector Average
HK:0952
China Tonghai International Financial Limited
0.11
-0.08
-41.67%
HK:0111
Cinda International Holdings Limited
0.69
0.40
139.58%
HK:0993
Huarong International Financial Holdings Limited
0.10
-0.06
-37.97%
HK:0335
Upbest Group Limited
0.65
-0.08
-10.96%
HK:0717
Emperor Capital Group Limited
0.07
-0.03
-26.04%
China Tonghai International Financial Limited Corporate Events
Quam Plus Calls 2026 AGM to Approve Directors, Auditor and Share Issuance Mandate
Apr 23, 2026
Quam Plus International Financial Limited has called its annual general meeting for 12 June 2026 in Hong Kong to present the audited financial statements for the year ended 31 December 2025 and the reports of its directors and auditor. Shareholder...
Quam Plus International Financial Posts Deepened 2025 Loss on Investment and Credit Hits
Mar 24, 2026
Quam Plus International Financial Limited reported audited consolidated results for the year ended 31 December 2025, showing total revenue of HK$206.3 million, down sharply from HK$413.6 million a year earlier. The decline was driven by a swing fr...
Quam Plus to Adopt New Bye-Laws Aligning with Hong Kong’s Evolving Market Rules
Mar 24, 2026
Quam Plus International Financial Limited plans to overhaul its constitutional documents by replacing its existing bye-laws with a new set designed to reflect recent regulatory changes in Hong Kong’s securities market. The revisions are inte...
Quam Plus Schedules March Board Meeting to Approve 2025 Results and Consider Dividend
Mar 12, 2026
Quam Plus International Financial Limited has scheduled a board meeting for 24 March 2026 to review and approve the group’s audited annual results for the year ended 31 December 2025. The board will also consider whether to recommend a final...
Quam Plus Warns of Sharply Wider 2025 Loss on Non‑Cash Charges
Mar 9, 2026
Quam Plus International Financial expects to post a consolidated loss before tax of up to HKD235 million for the year ended 31 December 2025, widening sharply from a HKD66 million loss a year earlier. The deeper loss is mainly driven by non-cash f...
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.