China Smarter Energy Group Holdings Limited (1004) AI Stock Analysis

• Market Cap: HK$168.74M
• Dividend Yield: N/A
• Average Volume (3M): 17.35M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.43
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 20
• Sector: Energy
• Sector Strength: 52
• Industry: Financial - Capital Markets
• EPS (TTM): N/A
• Shares Outstanding: 9,374,352,000
• 10 Day Avg. Volume: 1,668,000
• 30 Day Avg. Volume: 17,345,666
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.13
• Price to Sales (P/S): 1.89
• P/FCF Ratio: 12.65
• 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: 43 Neutral
• Price Target: HK$0.02 ▲(5.00% Upside)

The score is driven primarily by very weak financial performance, including declining revenue, persistent losses, and negative equity indicating elevated solvency risk. Technical indicators are also generally weak (below key moving averages and negative MACD), while valuation could not be meaningfully assessed due to missing P/E and dividend yield.

Positive Factors

Contracted revenue from long-term PPAs

Long-term power purchase agreements with state-owned utilities create predictable, contract-backed cash flows and reduce merchant-price exposure. This structural revenue stability supports project-level financing and operational continuity over the coming months, helpful amid wider financial stress.

Diversified clean-energy revenue streams

Multiple revenue lines—generation, product sales, consultancy and partnerships—provide structural diversification of demand and earnings sources. This mix can smooth volatility, enable cross-selling, and support recovery efforts even if one channel underperforms over a 2–6 month horizon.

Improving free cash flow metrics

Reported improvement in free cash flow growth and a relatively high free-cash-flow-to-net-income ratio indicate better cash conversion despite accounting losses. Sustained cash generation ability increases optionality for near-term operations, debt servicing and selective project investments.

Negative Factors

Negative equity indicating insolvency risk

Negative shareholders’ equity signals balance-sheet insolvency and materially raises refinancing and covenant risks. Over months this constrains access to capital, can trigger restructuring or creditor actions, and limits the company's ability to fund operations or new projects.

Severe revenue contraction

A ~58% revenue decline reflects meaningful loss of scale and client activity, undermining fixed-cost absorption and growth prospects. Persisting revenue erosion reduces reinvestment capacity, damages competitive position, and increases reliance on non-operating measures to sustain the business.

Deep, persistent unprofitability and negative margins

Consistently negative EBIT and deeply negative net margins indicate ongoing operational losses and cash burn. Without structural margin improvement, the company faces continued erosion of cash reserves and limited ability to fund growth, making long-term recovery and competitiveness uncertain.

China Smarter Energy Group Holdings Limited Business Overview & Revenue Model

Company Description

China Smarter Energy Group Holdings Limited is a prominent player in the renewable energy sector, primarily focusing on the development and operation of clean energy projects in China. The company engages in the production of energy-efficient products and solutions, including solar power generation systems and energy management services. With a commitment to advancing sustainability, China Smarter Energy aims to provide innovative energy solutions that contribute to a greener economy.

How the Company Makes Money

China Smarter Energy Group generates revenue through multiple streams primarily centered around its clean energy projects. The company earns income from the sale of electricity generated by its solar energy plants, which is typically sold to state-owned power utilities under long-term power purchase agreements. Additionally, it may generate revenue from the sale of energy-efficient products and solutions, as well as by providing consultancy services related to energy management. Strategic partnerships with local governments and other energy firms also enhance its market position, allowing for collaborative projects that can lead to additional revenue opportunities. Factors such as government incentives for renewable energy development and increasing demand for clean energy solutions further contribute to its earnings.

China Smarter Energy Group Holdings Limited Financial Statement Overview

Summary

Very weak fundamentals: sharp revenue decline (-58.37%), deeply negative profitability with negative EBIT/EBITDA, and high balance-sheet risk with negative stockholders’ equity (insolvency signal). Cash flow shows some resilience via improved free cash flow metrics, but operating cash generation remains weak versus losses.

Income Statement

The company has experienced a significant decline in revenue over the years, with a negative revenue growth rate of -58.37% in the latest year. Gross profit margin has been relatively stable but low, and net profit margin is deeply negative, indicating ongoing losses. EBIT and EBITDA margins are also concerning, with EBIT being negative, reflecting operational challenges.

Balance Sheet

The balance sheet shows a high level of financial risk with negative stockholders' equity and a negative debt-to-equity ratio, indicating insolvency. Return on equity is positive but misleading due to negative equity. The equity ratio is negative, highlighting financial instability and potential solvency issues.

Cash Flow

Cash flow analysis reveals some improvement in free cash flow growth, but the operating cash flow to net income ratio is very low, indicating weak cash generation relative to reported losses. The free cash flow to net income ratio is relatively high, suggesting better cash management despite losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	38.24M	74.25M	178.37M	195.91M	203.28M	560.45M
Gross Profit	18.63M	33.84M	69.14M	83.28M	84.30M	110.98M
EBITDA	22.38M	41.63M	103.88M	132.69M	-98.15M	-320.62M
Net Income	-98.92M	-536.13M	-299.02M	-94.74M	-419.50M	-777.35M
Balance Sheet
Total Assets	513.79M	502.07M	1.92B	2.15B	2.28B	3.69B
Cash, Cash Equivalents and Short-Term Investments	18.99M	26.36M	49.75M	158.95M	84.12M	36.83M
Total Debt	714.16M	711.59M	1.25B	1.36B	1.48B	2.14B
Total Liabilities	1.67B	1.56B	2.46B	2.40B	2.43B	3.04B
Stockholders Equity	-1.15B	-1.06B	-542.36M	-241.68M	-162.02M	652.75M
Cash Flow
Free Cash Flow	1.04M	11.11M	4.65M	89.19M	159.93M	-165.00K
Operating Cash Flow	1.04M	12.20M	4.79M	106.53M	159.93M	195.00K
Investing Cash Flow	48.00K	-5.74M	-24.86M	-17.09M	367.73M	55.00K
Financing Cash Flow	-8.77M	-22.31M	-93.14M	-3.19M	-487.98M	-13.88M

China Smarter Energy Group Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 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:1004, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.03, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.82 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1004.

China Smarter Energy Group Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
0335	63 Neutral	HK$1.80B	26.80	2.39%	2.14%	-20.02%	10.62%
0952	45 Neutral	HK$860.42M	-10.15	-4.03%	―	173.24%	-515.63%
1004	43 Neutral	HK$168.74M	―	―	―	―	―

China Smarter Energy Group Holdings Limited Corporate Events

China Smarter Energy Calls Special Meeting to Approve 20-for-1 Share Consolidation

China Smarter Energy Group Holdings Limited has called a special general meeting of shareholders to vote on a proposed share consolidation aimed at restructuring its share capital. The Hong Kong-listed company, incorporated in Bermuda, will seek investor approval to consolidate every 20 existing shares into one new share, subject to regulatory clearance from the Hong Kong Stock Exchange and compliance with Bermuda and Hong Kong laws.

If approved, the consolidation will reduce the number of authorised shares from 120 billion to 6 billion while maintaining the total authorised share capital at HK$300 million, potentially improving the trading profile of the stock by increasing the nominal value per share. Fractional entitlements arising from the consolidation will not be issued to shareholders but will instead be aggregated and, where possible, sold for the benefit of the company, with directors empowered to implement all necessary steps to complete the restructuring.

The most recent analyst rating on (HK:1004) stock is a Hold with a HK$0.02 price target. To see the full list of analyst forecasts on China Smarter Energy Group Holdings Limited stock, see the HK:1004 Stock Forecast page.

China Smarter Energy Proposes 20-for-1 Share Consolidation and Board Lot Change

China Smarter Energy Group Holdings Limited has proposed a 20‑to‑1 share consolidation, reducing its issued share capital from approximately 9.37 billion shares to about 468.7 million shares, with each consolidated share having a par value of HK$0.05. The company will also increase the trading board lot from 2,000 existing shares to 10,000 consolidated shares, subject to shareholder approval at a special general meeting, though the move will not affect the group’s underlying assets, operations or shareholders’ proportional interests aside from the treatment of fractional entitlements, and investors are cautioned that the consolidation may or may not proceed.

The most recent analyst rating on (HK:1004) stock is a Hold with a HK$0.03 price target. To see the full list of analyst forecasts on China Smarter Energy Group Holdings Limited stock, see the HK:1004 Stock Forecast page.

China Smarter Energy Resumes Trading After Meeting Resumption Guidance

China Smarter Energy Group Holdings Limited announced the fulfillment of resumption guidance and the resumption of trading on the Hong Kong Stock Exchange. The company faced trading suspension due to delays in publishing financial results and insolvency proceedings in its subsidiaries. By addressing audit modifications and publishing outstanding financial statements, the company has complied with the Stock Exchange’s requirements, allowing it to resume trading. This development is significant for stakeholders as it marks a return to normal operations and potential stabilization of the company’s market position.

China Smarter Energy Group AGM: Key Resolutions Passed, Share Mandates Rejected

At the annual general meeting held on November 7, 2025, China Smarter Energy Group Holdings Limited’s shareholders passed resolutions 1 to 7, which included re-appointments and financial statement approvals, but rejected resolutions 8 to 10 related to share purchase and issuance mandates. This outcome indicates a cautious approach by shareholders towards expanding the company’s share capital and reflects a potential shift in strategic focus.