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Triumph New Energy Company
(1108)
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Rating:42Neutral
Price Target:
HK$2.50
▼(-34.21% Downside)
Action:Reiterated
Date:06/19/26
The score is primarily constrained by weak financial performance—sharp margin deterioration, sizable losses, higher leverage, and ongoing cash burn. Technicals also lean bearish with price below key moving averages and negative MACD. Valuation provides limited support given the negative P/E and no dividend yield data.
Positive Factors
Stable asset base
A broadly stable asset base provides a durable foundation for operations and recovery. Stable assets can serve as collateral, support ongoing project execution, and reduce the need for forced disposals, preserving operational capacity and optionality over the next several months.
Negative Factors
Severe margin deterioration
Deeply negative gross and net margins indicate the company is losing money on core activities, likely from pricing pressure, adverse contract terms, or cost overruns. Sustained negative margins erode equity, impede reinvestment, and make durable profitability restoration more challenging over 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable asset base
A broadly stable asset base provides a durable foundation for operations and recovery. Stable assets can serve as collateral, support ongoing project execution, and reduce the need for forced disposals, preserving operational capacity and optionality over the next several months.
Read all positive factors
Triumph New Energy Company (1108) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.93B
Dividend YieldN/A
Average Volume (3M)2.08M
Price to Earnings (P/E)―
Beta (1Y)0.60
Revenue Growth-23.80%
EPS Growth-59.69%
CountryHK
Employees2,769
SectorEnergy
Sector Strength52
IndustryConstruction
Share Statistics
EPS (TTM)-1.76
Shares Outstanding250,000,000
10 Day Avg. Volume2,055,884
30 Day Avg. Volume2,083,928
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.69
Price to Sales (P/S)0.66
P/FCF Ratio-1.84
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)-0.43
Revenue Forecast (FY)HK$2.71B
Triumph New Energy Company Business Overview & Revenue Model
Company Description
Luoyang Glass Company Limited, along with its affiliated entities, is engaged in the manufacturing and worldwide distribution of float glass. Its operations are structured into two distinct segments: Information Display Glass and New Energy Glass....
How the Company Makes Money
null...
Triumph New Energy Company Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
34
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.02B | 3.24B | 4.59B | 6.60B | 5.03B | 3.61B |
| Gross Profit | -499.03M | -398.62M | -199.98M | 764.00M | 596.12M | 868.30M |
| EBITDA | -1.09B | -443.20M | -303.90M | 934.09M | 828.90M | 753.69M |
| Net Income | -1.14B | -914.34M | -609.93M | 394.72M | 409.04M | 255.76M |
Balance Sheet | ||||||
| Total Assets | 13.57B | 13.61B | 12.31B | 12.43B | 10.57B | 9.27B |
| Cash, Cash Equivalents and Short-Term Investments | 176.38M | 145.89M | 140.37M | 280.54M | 689.02M | 1.12B |
| Total Debt | 5.55B | 5.63B | 4.37B | 3.89B | 2.87B | 2.62B |
| Total Liabilities | 10.33B | 9.98B | 7.93B | 7.37B | 5.95B | 4.92B |
| Stockholders Equity | 2.75B | 3.10B | 4.02B | 4.63B | 4.23B | 3.84B |
Cash Flow | ||||||
| Free Cash Flow | -1.04B | -1.17B | -1.03B | -1.72B | -1.32B | -1.55B |
| Operating Cash Flow | -746.80M | -736.03M | -393.89M | 143.51M | -398.05M | 136.31M |
| Investing Cash Flow | -185.53M | -428.31M | -569.35M | -1.76B | -661.82M | -1.71B |
| Financing Cash Flow | 724.89M | 1.16B | 862.97M | 1.36B | 582.53M | 2.38B |
Triumph New Energy Company Technical Analysis
Negative
3.80
Price Trends
3.22
Negative
3.59
Negative
3.84
Negative
Market Momentum
-0.18
Positive
32.34
Neutral
1.34
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1108, the sentiment is Negative. The current price of 3.8 is above the 20-day moving average (MA) of 2.84, above the 50-day MA of 3.22, and below the 200-day MA of 3.84, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 32.34 is Neutral, neither overbought nor oversold. The STOCH value of 1.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1108.
Triumph New Energy Company Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | HK$707.85M | -125.53 | -3.78% | ― | -0.28% | -469.70% | |
53 Neutral | HK$11.21B | 7.69 | 5.15% | 4.22% | -10.04% | -25.52% | |
48 Neutral | HK$24.82B | 26.60 | 4.12% | 5.67% | -9.40% | 163.75% | |
42 Neutral | HK$3.93B | -4.02 | -24.93% | ― | -23.80% | -59.69% | |
41 Neutral | HK$224.41M | -0.74 | 80.94% | ― | -13.39% | 34.49% |
* Energy Sector Average
HK:1108
Triumph New Energy Company
2.40
-1.89
-44.06%
HK:2128
China Lesso Group Holdings
3.64
-0.36
-8.98%
HK:6865
Flat Glass Group Co
6.12
-2.52
-29.16%
HK:1315
Green Economy Development Limited
0.11
-0.02
-15.20%
HK:1592
Anchorstone Holdings Limited
0.19
-0.03
-13.18%
HK:1653
MOS House Group Limited
2.36
2.03
615.15%
Triumph New Energy Company Corporate Events
Triumph New Energy Wins Strong Shareholder Backing at 2025 AGM
Jun 18, 2026
Triumph New Energy Company Limited held its 2025 annual shareholders’ meeting on 18 June 2026 in Luoyang, Henan Province, with procedures confirmed as compliant with PRC company law and the firm’s articles of association. Attendance re...
Triumph New Energy Unveils Board Line-Up and New Governance Committees
Jun 18, 2026
Triumph New Energy Company Limited has announced the current composition of its nine-member board, comprising three executive directors, three non-executive directors and three independent non-executive directors. The disclosure clarifies leadersh...
Triumph New Energy Sets 2025 AGM to Approve Profit Plan, Auditor and Board Changes
May 20, 2026
Triumph New Energy Company Limited has convened its 2025 annual general meeting for 18 June 2026 in Luoyang, Henan Province, where shareholders will review the board’s working report and consider the 2025 profit distribution plan. The meetin...
Triumph New Energy’s First-Quarter Loss Deepens as Revenue Slides
Apr 29, 2026
Triumph New Energy Company Limited reported a sharp deterioration in its first-quarter 2026 results, with operating revenue falling 24.53% year on year to RMB 672.98 million and net loss attributable to shareholders widening to RMB 353.29 million....
Triumph New Energy Ends Entrusted Management Deals After Partners Miss Capital Commitments
Apr 29, 2026
Triumph New Energy Company Limited has decided to terminate its entrusted management agreements involving Shengshi New Energy, Shengshi New Materials, Shuyang Xinda and Jiangsu Guangnian, effective 30 April 2026. The move follows board approval at...
Triumph New Energy Sets Board Meeting to Review First-Quarter 2026 Results
Apr 1, 2026
Triumph New Energy Company Limited has announced that its board of directors will convene on 29 April 2026 in Luoyang, China, to review and consider approval of the unaudited consolidated results for the three months ended 31 March 2026. The sched...
Triumph New Energy Books RMB159.6 Million Credit Impairment for 2025
Mar 31, 2026
Triumph New Energy Company Limited has announced that its board approved provisions and write-offs for asset impairments for the financial year ended 31 December 2025, following a comprehensive review of receivables, inventories and fixed assets u...
Triumph New Energy Expands Asset Base on Heavy Long-Term Investment in 2025
Mar 31, 2026
Triumph New Energy Company Limited reported its audited consolidated financial results for the year ended 31 December 2025, showing total assets of RMB 13.61 billion, up from RMB 12.31 billion a year earlier. The group’s non-current assets g...
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.