Triumph New Energy Company Limited (HK:1108)
:1108
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Triumph New Energy Company
(1108)
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Rating:43Neutral
Price Target:
HK$3.50
▼(-7.89% Downside)
Action:ReiteratedDate:04/02/26
The score is held down primarily by deteriorating financial performance (losses, negative gross margins, rising leverage, and recurring negative cash flow), with technicals also weak as price trades below key moving averages and momentum indicators remain negative. Valuation provides limited support due to a negative P/E tied to losses and no stated dividend yield.
Positive Factors
Sizable equity base
Despite recent losses, a sizable equity base relative to assets provides a structural cushion for creditors and operations. This buffer slows balance-sheet deterioration, gives management time to execute turnarounds, and reduces immediate liquidation risk over the next several months.
Negative Factors
Negative gross margins and recent losses
Two consecutive years of negative gross margins and material losses point to structural issues in pricing, project execution, or cost base. This undermines core profitability, compresses returns, and requires durable remediation to restore sustainable margins and investor confidence.
Read all positive and negative factors
Positive Factors
Negative Factors
Sizable equity base
Despite recent losses, a sizable equity base relative to assets provides a structural cushion for creditors and operations. This buffer slows balance-sheet deterioration, gives management time to execute turnarounds, and reduces immediate liquidation risk over the next several months.
Read all positive factors
Triumph New Energy Company (1108) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.06B
Dividend YieldN/A
Average Volume (3M)2.08M
Price to Earnings (P/E)―
Beta (1Y)0.51
Revenue Growth-35.74%
EPS Growth-1755.61%
CountryHK
Employees2,769
SectorEnergy
Sector Strength52
IndustryConstruction
Share Statistics
EPS (TTM)-0.54
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)0.1
Revenue Forecast (FY)HK$6.64B
Triumph New Energy Company Business Overview & Revenue Model
Company Description
Luoyang Glass Company Limited, together with its subsidiaries, engages in the manufacture and sale of float glass in China and internationally. The company operates through two segments, Information Display Glass and New Energy Glass. The Informat...
How the Company Makes Money
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Triumph New Energy Company Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
40
Negative
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.24B | 4.59B | 6.60B | 5.03B | 3.61B |
| Gross Profit | -398.62M | -199.98M | 764.00M | 596.12M | 868.30M |
| EBITDA | -443.20M | -303.90M | 934.09M | 828.90M | 753.69M |
| Net Income | -914.34M | -609.93M | 394.72M | 409.04M | 255.76M |
Balance Sheet | |||||
| Total Assets | 13.61B | 12.31B | 12.43B | 10.57B | 9.27B |
| Cash, Cash Equivalents and Short-Term Investments | 145.89M | 140.37M | 280.54M | 689.02M | 1.12B |
| Total Debt | 5.63B | 4.37B | 3.89B | 2.87B | 2.62B |
| Total Liabilities | 9.98B | 7.93B | 7.37B | 5.95B | 4.92B |
| Stockholders Equity | 3.10B | 4.02B | 4.63B | 4.23B | 3.84B |
Cash Flow | |||||
| Free Cash Flow | -1.17B | -1.03B | -1.72B | -1.32B | -1.55B |
| Operating Cash Flow | -736.03M | -393.89M | 143.51M | -398.05M | 136.31M |
| Investing Cash Flow | -428.31M | -569.35M | -1.76B | -661.82M | -1.71B |
| Financing Cash Flow | 1.16B | 862.97M | 1.36B | 582.53M | 2.38B |
Triumph New Energy Company Technical Analysis
Negative
3.80
Price Trends
3.98
Negative
3.94
Negative
4.24
Negative
Market Momentum
-0.08
Positive
36.57
Neutral
9.43
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 below the 20-day moving average (MA) of 3.96, below the 50-day MA of 3.98, and below the 200-day MA of 4.24, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 36.57 is Neutral, neither overbought nor oversold. The STOCH value of 9.43 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$15.03B | 2.81 | 7.00% | 4.22% | -11.15% | -12.35% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | HK$907.20M | 18.00 | -3.78% | ― | -0.28% | -469.70% | |
52 Neutral | HK$33.14B | 20.70 | 4.47% | 5.67% | -18.50% | -83.76% | |
43 Neutral | HK$5.06B | -2.35 | -24.93% | ― | -35.74% | -1755.61% | |
38 Underperform | HK$46.33M | -0.49 | 148.20% | ― | 1.43% | -83.97% |
* Energy Sector Average
HK:1108
Triumph New Energy Company
3.67
0.32
9.55%
HK:2128
China Lesso Group Holdings
4.88
0.88
22.00%
HK:6865
Flat Glass Group Co
8.98
0.15
1.70%
HK:1315
Green Economy Development Limited
0.11
<0.01
10.31%
HK:1592
Anchorstone Holdings Limited
0.16
-0.17
-51.37%
HK:1653
MOS House Group Limited
3.14
2.78
772.22%
Triumph New Energy Company Corporate Events
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...
Triumph New Energy to Join CNBM Group’s Collective 2025 Results Briefing
Mar 24, 2026
Triumph New Energy Company Limited, a PRC-based joint stock company formerly known as Luoyang Glass Company Limited, operates in the building materials and new energy glass sector and is ultimately controlled by China National Building Materials G...
Triumph New Energy Sets Out Board Line-up and Governance Committees
Mar 17, 2026
Triumph New Energy Company Limited has announced the current composition of its board of directors, which comprises three executive directors, two non-executive directors and three independent non-executive directors, led by chairman Xie Jun. The ...
Triumph New Energy reshapes top leadership with president change and new board nominee
Mar 17, 2026
Triumph New Energy Company Limited has announced a series of senior management and board changes effective 17 March 2026, including the resignation of executive director and president Zhang Rong from all his positions, including as authorised repr...
Triumph New Energy Sets Board Meeting to Approve 2025 Annual Results
Mar 3, 2026
Triumph New Energy Company Limited has announced that its board of directors will convene on 30 March 2026 in Luoyang, China to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider the f...
Triumph New Energy Shareholders Approve 2026 Subsidiary Guarantee Mandate
Mar 3, 2026
Triumph New Energy Company Limited held its first extraordinary general meeting of 2026 in Luoyang, Henan, with shareholders representing 39.27% of the company’s voting share capital in attendance. The meeting procedures complied with PRC co...
Triumph New Energy Plans Up to RMB1.83 Billion in 2026 Guarantees for Subsidiaries
Feb 3, 2026
Triumph New Energy Company Limited has announced its plan to provide guarantees of up to RMB1.83 billion in 2026 for credit applications and daily operational needs of its consolidated subsidiaries, with a cap of RMB1.05 billion for subsidiaries w...
Triumph New Energy Calls March 2026 EGM to Approve Subsidiary Guarantees
Feb 3, 2026
Triumph New Energy Company Limited has convened its first extraordinary shareholders’ meeting of 2026 for 3 March in Luoyang, where investors will vote on approving the expected amount of guarantees the company plans to provide to its subsid...
Triumph New Energy Forecasts Wider 2025 Loss Amid Photovoltaic Glass Market Pressures
Jan 30, 2026
Triumph New Energy Company Limited has issued an estimate that its net loss attributable to shareholders for 2025 will widen by about RMB90.07 million to RMB290.07 million, while its net loss after deducting non-recurring items is expected to incr...
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.