Tibet Water Resources (1115) AI Stock Analysis

• Market Cap: HK$3.09B
• Dividend Yield: N/A
• Average Volume (3M): 22.84M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.28
• Revenue Growth: -9.19%
• EPS Growth: -67.34%
• Country: HK
• Employees: 342
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): <0.01
• Shares Outstanding: 5,588,279,000
• 10 Day Avg. Volume: 60,440,900
• 30 Day Avg. Volume: 22,843,622
• PEG Ratio: -0.06
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 6.47
• P/FCF Ratio: 4.72
• 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: 44 Neutral
• Price Target: HK$0.56 ▼(-4.92% Downside)

The overall stock score is primarily impacted by the company's weak financial performance and bearish technical indicators. The negative P/E ratio and lack of dividend yield further contribute to the low valuation score. Without positive earnings call insights or corporate events to offset these factors, the stock remains unattractive.

Positive Factors

Diversified revenue streams

Multiple product lines and service offerings—bottled water, purification systems and consulting—plus government partnerships provide durable revenue diversification. This reduces reliance on a single channel, supports cross-selling and creates steadier cash inflows across economic cycles.

Healthy asset backing / equity ratio

A relatively stable equity position and healthy equity ratio imply strong asset backing and moderate leverage. This balance sheet strength supports long-term investment in infrastructure, cushions operational volatility, and preserves borrowing capacity for strategic projects or capex.

Unique regional resource advantage

Control of distinct Tibetan water resources and a sustainability focus create a structural competitive edge for premium water products and municipal contracts. Geographic uniqueness and ecological credentials can sustain pricing power, long-term brand differentiation, and regulatory goodwill.

Negative Factors

Declining revenue trend

Negative revenue growth near -9% signals a persistent top-line contraction that can erode economies of scale and margin. Over several quarters this trend hampers reinvestment capacity, weakens negotiating leverage with distributors, and suggests structural demand or competitive issues.

Persistent unprofitability and margin erosion

Sustained margin deterioration and recurring operating losses undermine the company's ability to self-fund growth or maintenance. Long-term unprofitability erodes equity, increases reliance on external capital, and raises the risk that cost or pricing pressures could trigger restructuring or asset sales.

Weak cash conversion and negative FCF

Volatile or negative free cash flow and weak operating cash generation limit liquidity for capex, debt service and strategic initiatives. Persistent cash conversion issues increase refinancing risk, reduce financial flexibility and constrain the company’s ability to respond to regulatory or infrastructure demands.

Tibet Water Resources Business Overview & Revenue Model

Company Description

5100 Xizang Glacier Co., Ltd. is an investment holding company, which engages in the production and sale of bottled mineral water and beer products. It operates through the Water and Beer business segments. The Water segment manufacture and sell a range of water products through wholesales in the PRC, sell bottle preforms and caps to a related party, and gives lending services to third parties in Hong Kong with relevant license. The Beer segment involves in the production of a range of beer products mainly in Tibet of the PRC through wholesales. The company was founded in 2006 and is headquartered in Hong Kong.

How the Company Makes Money

Tibet Water Resources generates revenue primarily through the sale of bottled water and water purification systems. The company has established key revenue streams from its retail and wholesale distribution channels, targeting both local and national markets. Additionally, Tibet Water Resources offers consulting services for businesses and municipalities in water management, further diversifying its income sources. Significant partnerships with local governments and environmental organizations also support the company’s earnings by enhancing its market presence and credibility, while contributing to community development and ecological initiatives.

Tibet Water Resources Financial Statement Overview

Summary

Tibet Water Resources faces significant financial challenges characterized by shrinking revenues and profitability. Despite maintaining a reasonable balance sheet structure, cash flow issues and operational inefficiencies pose long-term risks. Strategic improvements are needed to enhance revenue generation and cost management to stabilize financial performance.

Income Statement

The income statement shows a concerning trend with declining revenues and increasing net losses over the years. The gross profit margin has been decreasing, and the company has been unable to generate positive EBIT or EBITDA margins in recent years. Revenue growth is negative, indicating a shrinking market share or operational challenges.

Balance Sheet

The balance sheet reveals a relatively stable equity position, despite declining profitability. The debt-to-equity ratio is moderate, showing a balanced approach to leveraging debt, but there is concern over decreasing stockholders' equity. The company's equity ratio is healthy, indicating strong asset backing.

Cash Flow

The cash flow statement shows variability in free cash flow, with negative trends in recent periods. Operating cash flow is minimal or negative, indicating operational inefficiencies. The company struggles to convert net income into cash, affecting its financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	255.51M	225.81M	314.43M	311.95M	456.13M	492.88M
Gross Profit	105.76M	61.49M	77.61M	90.21M	190.34M	215.04M
EBITDA	-36.19M	-48.84M	-254.27M	-25.00M	108.75M	149.52M
Net Income	-546.79M	-573.95M	-352.87M	-102.47M	46.95M	16.97M
Balance Sheet
Total Assets	3.47B	3.51B	3.99B	4.14B	4.15B	4.15B
Cash, Cash Equivalents and Short-Term Investments	1.19B	1.29B	1.02B	89.91M	278.16M	266.03M
Total Debt	671.56M	611.01M	758.83M	766.34M	765.86M	911.97M
Total Liabilities	1.00B	1.13B	1.13B	1.28B	1.32B	1.43B
Stockholders Equity	2.47B	2.38B	2.86B	2.86B	2.83B	2.72B
Cash Flow
Free Cash Flow	220.44M	309.52M	-306.44M	81.06M	76.09M	80.57M
Operating Cash Flow	221.27M	316.49M	-292.35M	86.56M	82.16M	86.68M
Investing Cash Flow	-202.49M	-184.65M	-56.34M	-208.57M	11.02M	-440.04M
Financing Cash Flow	76.50M	-32.90M	312.20M	127.21M	-104.13M	-97.42M

Tibet Water Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.59
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1115, the sentiment is Negative. The current price of 0.59 is above the 20-day moving average (MA) of 0.58, above the 50-day MA of 0.57, and above the 200-day MA of 0.45, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.16 is Neutral, neither overbought nor oversold. The STOCH value of 43.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1115.

Tibet Water Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2218	74 Outperform	HK$12.85B	13.39	12.70%	1.98%	38.54%	49.91%
0506	74 Outperform	HK$11.89B	12.63	13.57%	3.62%	10.05%	9.01%
9633	63 Neutral	HK$574.13B	39.41	46.45%	1.73%	4.14%	7.35%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
6868	61 Neutral	HK$2.91B	22.88	6.81%	3.70%	-16.51%	-35.38%
1446	49 Neutral	HK$278.78M	-15.94	-6.43%	―	-6.79%	49.40%
1115	44 Neutral	HK$3.09B	-3.82	-20.18%	―	-9.19%	-67.34%

Tibet Water Resources Corporate Events

5100 Xizang Glacier Company Limited Announces Rebranding and Name Change

5100 Xizang Glacier Company Limited has officially changed its name from Tibet Water Resources Ltd. and adopted a new company logo. The stock short name for trading on the Hong Kong Stock Exchange will change to ‘5100 XIZANG’ on December 11, 2025, while the stock code remains ‘1115’. This rebranding does not impact shareholder rights or the company’s operations, and existing share certificates remain valid.

The most recent analyst rating on (HK:1115) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tibet Water Resources stock, see the HK:1115 Stock Forecast page.

Tibet Water Resources Ltd. Approves Name Change at EGM

Tibet Water Resources Ltd. announced the successful passing of a special resolution to change its English and dual foreign name in Chinese during an Extraordinary General Meeting held on October 28, 2025. The resolution was unanimously approved with 100% of the votes cast in favor, demonstrating strong shareholder support. The change in company name signifies a strategic move that could impact the company’s branding and market positioning.

The most recent analyst rating on (HK:1115) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tibet Water Resources stock, see the HK:1115 Stock Forecast page.

Tibet Water Resources Ltd. Announces Board Composition and Committee Roles

Tibet Water Resources Ltd. announced the composition of its board of directors, which includes executive, non-executive, and independent non-executive directors. The announcement also detailed the membership of the company’s four board committees, highlighting the roles and responsibilities of each director, which may impact the company’s governance and strategic direction.

The most recent analyst rating on (HK:1115) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tibet Water Resources stock, see the HK:1115 Stock Forecast page.

Tibet Water Resources Appoints New Independent Director

Tibet Water Resources Ltd. has appointed Ms. ZHENG Jue as an independent non-executive director effective from October 15, 2025. Ms. ZHENG brings over 30 years of experience in operations management within the food and beverage sector, notably with General Mills Trading in China. Her appointment is part of the company’s compliance with requirements for independent non-executive directors, and she will serve a three-year term. This strategic move is expected to enhance the board’s expertise and governance, potentially impacting the company’s operational strategies and stakeholder confidence positively.

The most recent analyst rating on (HK:1115) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tibet Water Resources stock, see the HK:1115 Stock Forecast page.