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China Tonghai International Financial Limited (HK:0952)
:0952
Hong Kong Market
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China Tonghai International Financial Limited (0952) AI Stock Analysis

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HK:0952

China Tonghai International Financial Limited

(0952)

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Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
HK$0.09
▼(-37.14% 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
The firm's service mix spans brokerage, trading, corporate finance and wealth management, creating multiple fee and commission streams. That diversification reduces reliance on any single market segment, supporting revenue resilience and client cross‑sell opportunities across cycles.
Negative Factors
Sharp Revenue Decline
A circa 53% year‑over‑year revenue drop is a structural impairment of scale that hurts fee income and pricing leverage. Lower scale raises per-unit costs, magnifies fixed-cost strain, and can reduce market position and client coverage, making sustainable recovery harder without market or strategic shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Financial Services
The firm's service mix spans brokerage, trading, corporate finance and wealth management, creating multiple fee and commission streams. That diversification reduces reliance on any single market segment, supporting revenue resilience and client cross‑sell opportunities across cycles.
Read all positive factors

China Tonghai International Financial Limited (0952) vs. iShares MSCI Hong Kong ETF (EWH)

China Tonghai International Financial Limited Business Overview & Revenue Model

Company Description
Quam Plus International Financial Limited, an investment holding company, provides various financial services in Hong Kong. It operates through Corporate Finance, Brokerage, Interest Income, Asset Management, Investments, and Others segments. The ...
How the Company Makes Money
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China Tonghai International Financial Limited Financial Statement Overview

Summary
Financial quality weakened materially: 2025 revenue fell ~53% YoY and the company posted a large operating loss and deeper net loss (net margin about -131%). Cash generation also deteriorated with operating cash flow and free cash flow turning negative in 2025. The balance sheet is a relative positive with moderate leverage (debt-to-equity ~0.28), but sustained losses raise the risk of further equity erosion.
Income Statement
24
Negative
Balance Sheet
58
Neutral
Cash Flow
34
Negative
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue181.05M376.21M384.77M-255.78M-1.78B
Gross Profit59.29M206.01M98.30M-1.14B529.81M
EBITDA-179.77M4.51M199.10M-1.42B-1.50B
Net Income-236.69M-73.37M119.54M-1.58B-2.26B
Balance Sheet
Total Assets3.73B4.19B4.06B4.68B6.84B
Cash, Cash Equivalents and Short-Term Investments242.67M889.95M824.32M963.29M1.70B
Total Debt478.09M718.00M735.52M954.32M1.55B
Total Liabilities2.04B2.20B2.00B2.67B3.24B
Stockholders Equity1.69B1.99B2.06B2.01B3.60B
Cash Flow
Free Cash Flow-16.23M208.22M168.92M475.17M651.99M
Operating Cash Flow-14.66M209.82M185.23M476.43M657.55M
Investing Cash Flow265.74M50.98M-16.31M-1.26M35.92M
Financing Cash Flow-296.84M-224.94M-235.71M-683.13M-501.97M

China Tonghai International Financial Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.14
Price Trends
50DMA
0.12
Negative
100DMA
0.13
Negative
200DMA
0.13
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
15.08
Positive
STOCH
49.02
Neutral
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 0.10, above the 50-day MA of 0.12, and above the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 15.08 is Positive, neither overbought nor oversold. The STOCH value of 49.02 is Neutral, 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

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
64
Neutral
HK$417.93M3.214.26%-22.54%60.00%
60
Neutral
HK$577.88M10.092.76%5.45%9.66%3.98%
44
Neutral
HK$335.73M-4.57-8.85%-74.17%63.64%
43
Neutral
HK$559.27M-1.98-14.53%-57.15%-223.53%
40
Underperform
HK$523.08M-4.65-22.40%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0952
China Tonghai International Financial Limited
0.09
-0.07
-43.83%
HK:0717
Emperor Capital Group Limited
0.06
-0.02
-25.30%
HK:3903
Hanhua Financial Holding Co., Ltd. Class H
0.17
0.00
0.00%
HK:1290
China Huirong Financial Holdings Ltd.
0.53
-0.16
-23.19%
HK:0612
China Investment Fund Company Limited
0.34
0.00
0.00%
HK:0721
China Financial International Investments Limited
0.15
-0.13
-46.32%

China Tonghai International Financial Limited Corporate Events

Quam Plus shareholders approve all AGM resolutions with near-unanimous support
Jun 12, 2026
Quam Plus International Financial Limited reported that all resolutions at its annual general meeting held on 12 June 2026 were approved by shareholders through a poll, with near-unanimous support across the board. The meeting endorsed the 2025 au...
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...
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: May 16, 2026