Da Ming International Holdings Limited (1090) AI Stock Analysis

• Market Cap: HK$854.55M
• Dividend Yield: N/A
• Average Volume (3M): 220.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.26
• Revenue Growth: -9.84%
• EPS Growth: -90.32%
• Country: HK
• Employees: 6,738
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Steel
• EPS (TTM): -0.36
• Shares Outstanding: 1,274,528,000
• 10 Day Avg. Volume: 37,400
• 30 Day Avg. Volume: 220,133
• PEG Ratio: 0.10
• Price to Book (P/B): 0.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.25
• 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: HK$0.46
• Price Target Upside: -32.22% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 40 Underperform
• Price Target: HK$0.50 ▼(-26.47%Downside)

The overall score reflects significant financial performance issues, including negative profitability and high leverage. Technical analysis provides a neutral outlook with no clear momentum. Valuation is poor due to a negative P/E ratio and lack of dividend yield. These factors combine to create a challenging investment profile.

Da Ming International Holdings Limited Business Overview & Revenue Model

Company Description

Da Ming International Holdings Limited (1090) is a leading player in the stainless steel processing and distribution sector. The company is primarily engaged in the processing, distribution, and sale of stainless steel and carbon steel products. With a comprehensive product portfolio, Da Ming International caters to various industries, including construction, automotive, and machinery manufacturing, providing high-quality steel solutions tailored to meet diverse customer needs.

How the Company Makes Money

Da Ming International Holdings Limited generates revenue through its steel processing and distribution operations. The company procures raw steel materials, which are then processed into a wide range of stainless and carbon steel products. These products are sold to a diverse customer base across multiple industries. Key revenue streams include the sale of processed steel products, customized steel solutions, and value-added services such as cutting, slitting, and surface treatment. Strategic partnerships with major steel manufacturers and a robust distribution network further enhance its revenue generation capabilities, ensuring a steady supply of raw materials and expanding market reach.

Da Ming International Holdings Limited Financial Statement Overview

Summary

Da Ming International Holdings Limited faces significant financial challenges, including declining revenue, negative profitability, and high leverage. While there are signs of improvement in cash flow, the overall financial health remains weak, requiring strategic actions to stabilize and improve operations.

Income Statement

The income statement shows a concerning trend with declining revenues and negative net income in recent years. The revenue decreased by 8.13% from the previous year. Margins are under pressure, with the gross profit margin at approximately 1.48% and the net profit margin at -0.89% for the latest year. The company experienced a negative EBIT margin of -0.42% and a negative EBITDA margin of 0.49%, indicating operational challenges.

Balance Sheet

The balance sheet reveals high leverage with a debt-to-equity ratio of 2.89, which is concerning and indicates potential liquidity risks. The equity ratio stands at 19.49%, reflecting a relatively low equity buffer. Return on equity is negative at -16.40%, further highlighting profitability issues. Despite these challenges, the company maintains a stable asset base.

Cash Flow

Cash flow analysis indicates some improvement in free cash flow, which turned positive in the latest year. However, the operating cash flow to net income ratio is relatively low, indicating inefficiencies in converting sales to cash. The free cash flow to net income ratio is 0.22, showing a slight improvement but remains low, suggesting limited cash generation relative to net income.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	46.45B	50.56B	50.12B	46.35B	35.13B
Gross Profit	685.69M	921.53M	908.63M	1.83B	1.43B
EBITDA	226.89M	503.89M	503.36M	1.42B	1.03B
Net Income	-414.58M	-219.07M	-158.83M	495.04M	347.98M
Balance Sheet
Total Assets	12.97B	13.19B	12.78B	11.96B	10.77B
Cash, Cash Equivalents and Short-Term Investments	203.65M	324.35M	406.86M	183.28M	103.19M
Total Debt	7.32B	7.37B	6.95B	5.88B	5.36B
Total Liabilities	10.11B	9.91B	9.27B	8.21B	7.45B
Stockholders Equity	2.53B	2.94B	3.17B	3.41B	2.96B
Cash Flow
Free Cash Flow	-4.65M	-599.27M	-386.56M	-252.30M	-237.74M
Operating Cash Flow	439.46M	67.28M	272.28M	436.24M	340.97M
Investing Cash Flow	-432.33M	-654.46M	-649.17M	-644.81M	-567.27M
Financing Cash Flow	-118.77M	444.39M	635.90M	248.89M	171.69M

Da Ming International Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1090, the sentiment is Positive. The current price of 0.68 is above the 20-day moving average (MA) of 0.64, above the 50-day MA of 0.63, and below the 200-day MA of 0.68, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 68.14 is Neutral, neither overbought nor oversold. The STOCH value of 90.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1090.

Da Ming International Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1118	74 Outperform	HK$557.15M	3.52	11.93%	8.25%	-16.88%	13.77%
1553	73 Outperform	HK$576.95M	3.74	13.06%	9.23%	15.29%	-9.10%
6890	72 Outperform	HK$281.91M	2.80	11.21%	―	-0.82%	19.45%
Sector *	58 Neutral	HK$16.77B	4.60	-5.52%	5.25%	-3.57%	-61.41%
0103	58 Neutral	€1.47B	35.48	1.79%	1.82%	-3.91%	-46.06%
1231	53 Neutral	€920.00M	131.58	-0.96%	―	-41.26%	-110.87%
1090	40 Underperform	HK$854.55M	―	-15.03%	―	-9.84%	-90.32%

Da Ming International Holdings Limited Corporate Events

Da Ming International Successfully Passes All AGM Resolutions

Da Ming International Holdings Limited announced the successful passing of all resolutions at its Annual General Meeting held on June 10, 2025. The resolutions included the adoption of financial statements, re-election of directors, authorization of director remuneration, re-appointment of auditors, and granting of mandates to directors regarding shares. This outcome reflects strong shareholder support and may positively impact the company’s governance and operational strategies.

Da Ming International Enhances Employee Incentives with Share Award Scheme

Da Ming International Holdings Limited has issued a supplemental announcement to its 2024 annual report, detailing its Share Award Scheme. The scheme outlines a vesting schedule for awarded shares to selected employees over a five-year period, contingent on continued employment and performance metrics. This initiative aims to incentivize and retain key employees, potentially impacting the company’s operational efficiency and market competitiveness.

Da Ming International Announces Annual General Meeting and Share Buyback Plans

Da Ming International Holdings Limited has announced its upcoming Annual General Meeting scheduled for June 10, 2025, in Wuxi, Jiangsu, China. The meeting will address several key business items, including the adoption of financial statements, re-election of directors, and re-appointment of auditors. Additionally, shareholders will consider resolutions regarding the company’s authority to buy back shares, which could impact the company’s market positioning and shareholder value.