Qingling Motors Co Ltd Class H (HK:1122)
:1122
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Qingling Motors Co
(1122)
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Rating:51Neutral
Price Target:
HK$0.95
▼(-14.09% Downside)
Action:Reiterated
Date:05/04/26
The score is mainly held back by ongoing losses and weak/volatile cash flow despite a very strong, low-debt balance sheet. Technical indicators are mixed and do not meaningfully offset the fundamental profitability/cash-flow risk. Valuation is also less supportive given the negative P/E and no dividend yield provided.
Positive Factors
Balance Sheet Strength
Extremely low leverage and a large equity base give the company durable financial flexibility. Over a 2–6 month horizon this supports continued operations during cyclical downturns, funds capital spending or product investments without needing immediate external financing, and lowers solvency risk.
Negative Factors
Persistent Operating and Net Losses
Ongoing operating and net losses over multiple years indicate the core business is not yet generating sustainable profits. Persisting losses can erode equity, constrain reinvestment, and require continued external funding or asset disposals to sustain operations if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Extremely low leverage and a large equity base give the company durable financial flexibility. Over a 2–6 month horizon this supports continued operations during cyclical downturns, funds capital spending or product investments without needing immediate external financing, and lowers solvency risk.
Read all positive factors
Qingling Motors Co (1122) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.33B
Dividend YieldN/A
Average Volume (3M)666.32K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth5.97%
EPS Growth53.11%
CountryHK
Employees2,863
SectorConsumer Cyclical
Sector Strength84
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,238,651,900
10 Day Avg. Volume602,556
30 Day Avg. Volume666,318
Financial Highlights & Ratios
PEG Ratio1.49
Price to Book (P/B)0.28
Price to Sales (P/S)0.48
P/FCF Ratio-3.28
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)N/A
Revenue Forecast (FY)N/A
Qingling Motors Co Business Overview & Revenue Model
Company Description
Qingling Motors Co., Ltd., together with its subsidiaries, produces and sells Isuzu trucks in the People's Republic of China. The company offers light, medium, and heavy-duty trucks; pick-up trucks; and chassis, automobile parts, engines, accessor...
How the Company Makes Money
Qingling Motors makes money primarily by selling commercial vehicles (e.g., trucks and truck variants) to end customers and fleet operators, with revenue recognized from the delivery of these vehicles. A second recurring source of revenue comes fr...
Qingling Motors Co Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
84
Very Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.25B | 4.12B | 3.60B | 3.25B | 4.83B |
| Gross Profit | 382.61M | 270.85M | 223.35M | 115.16M | 554.34M |
| EBITDA | -171.53M | -242.66M | 67.01M | -335.20M | -111.66M |
| Net Income | -25.63M | -55.10M | -54.27M | -14.57M | 322.08M |
Balance Sheet | |||||
| Total Assets | 10.55B | 10.18B | 9.98B | 10.35B | 10.91B |
| Cash, Cash Equivalents and Short-Term Investments | 4.37B | 2.96B | 2.51B | 3.89B | 2.27B |
| Total Debt | 13.32M | 19.77M | 35.86M | 42.17M | 24.74M |
| Total Liabilities | 3.04B | 2.66B | 2.25B | 2.56B | 2.84B |
| Stockholders Equity | 7.32B | 7.34B | 7.40B | 7.45B | 7.74B |
Cash Flow | |||||
| Free Cash Flow | -626.13M | -47.50M | -519.25M | 134.84M | -126.37M |
| Operating Cash Flow | -502.81M | 114.83M | -344.89M | 300.66M | 12.23M |
| Investing Cash Flow | 1.04B | -260.07M | 424.90M | -693.68M | 894.41M |
| Financing Cash Flow | -26.68M | -186.71M | -21.32M | -299.69M | -273.71M |
Qingling Motors Co Technical Analysis
Negative
1.10
Price Trends
1.01
Negative
1.04
Negative
0.91
Positive
Market Momentum
-0.02
Positive
33.39
Neutral
15.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1122, the sentiment is Negative. The current price of 1.1 is above the 20-day moving average (MA) of 1.05, above the 50-day MA of 1.01, and above the 200-day MA of 0.91, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 33.39 is Neutral, neither overbought nor oversold. The STOCH value of 15.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1122.
Qingling Motors Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$13.87B | 8.98 | 11.57% | 4.26% | 9.84% | 27.75% | |
75 Outperform | HK$14.67B | 3.69 | 10.76% | 4.49% | -4.80% | 2.58% | |
66 Neutral | HK$102.93B | 4.80 | 14.20% | 4.77% | 15.34% | 20.27% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | HK$36.32B | 13.19 | 13.75% | 3.41% | 11.08% | 59.37% | |
57 Neutral | HK$73.50B | 19.02 | 7.49% | 7.28% | 14.66% | 30.39% | |
51 Neutral | HK$2.33B | -80.02 | -1.07% | ― | 5.97% | 53.11% |
* Consumer Cyclical Sector Average
HK:1122
Qingling Motors Co
0.93
0.35
60.34%
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Qingling Motors Co Corporate Events
Qingling Motors Leases R&D Centre Space from Controlling Shareholder as Connected Deal
May 15, 2026
Qingling Motors has entered into a three-year lease with its controlling shareholder Qingling Group for office and RD space at the Qingling Intelligent Connected New Energy Commercial Vehicle RD Centre, covering about 7,958 square meters from 1 Ja...
Qingling Motors Shareholders Approve Multi-Year Supply and Sales Agreements
May 15, 2026
Independent shareholders of Qingling Motors Co. have approved a series of new supply and sales agreements at an extraordinary general meeting held on 15 May 2026. The resolutions cover new arrangements for chassis, parts, molds, hydrogen-powered m...
Qingling Motors Expands New Energy Vehicle Leasing With Discloseable Repurchase Deal
Apr 30, 2026
Qingling Motors Co has entered into a new repurchase agreement with a financial leasing company and a dealer dated 30 April 2026, as part of its broader strategy to support sales of its new energy vehicles through finance lease arrangements. Under...
Qingling Motors Sets June 2026 AGM to Approve 2025 Results and Auditor Reappointments
Apr 29, 2026
Qingling Motors has called its annual general meeting for 30 June 2026 in Chongqing, where shareholders will review the board’s report for 2025 and vote on the company’s audited financial statements and independent auditor’s repo...
Qingling Motors Shareholders Approve Wide-Ranging Governance Overhaul at EGM
Apr 22, 2026
Qingling Motors Co. has announced that all 19 resolutions proposed at its extraordinary general meeting on 22 April 2026 were approved by shareholders through a poll, covering director changes, amendments to its Articles of Association and related...
Qingling Motors Sets Out Board and Committee Structure to Bolster Governance
Apr 22, 2026
Qingling Motors Co. Ltd has announced the current composition of its board of directors, detailing executive, employee and independent non-executive directors, including Chairman Liu Zhongwei and Vice Chairman Kani Takuji. The company also disclos...
Qingling Motors Calls 2026 EGM to Approve New Intra-Group Supply Deals
Apr 16, 2026
Qingling Motors Co. has called an extraordinary general meeting for 15 May 2026 in Chongqing to seek shareholder approval for a new chassis supply agreement with its controlling shareholder Qingling Motors (Group) and its wholly owned subsidiary Q...
Qingling Motors Narrows 2025 Loss as Revenue and Gross Profit Improve
Mar 31, 2026
Qingling Motors reported audited consolidated results for 2025 showing revenue of RMB 4.37 billion, up from RMB 4.12 billion a year earlier, with gross profit improving to RMB 392.8 million. Despite better operating performance and positive contri...
Qingling Motors Announces Major Board Reshuffle and Leadership Changes
Mar 29, 2026
Qingling Motors Co. Ltd. announced the resignation of eight directors, including its chairman, vice chairman, several executive directors, and two independent non-executive directors, mainly due to work redeployment and retirement. The departures ...
Qingling Motors Calls EGM for Major Board and Governance Overhaul
Mar 29, 2026
Qingling Motors has called an extraordinary general meeting for 22 April 2026 in Chongqing to vote on a sweeping overhaul of its board of directors. Shareholders will consider accepting the resignation of six executive directors and two independen...
Qingling Motors Sets March 31 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 19, 2026
Qingling Motors Co. Ltd. has scheduled a board meeting for 31 March 2026 to review and approve the consolidated final results of the company and its subsidiaries for the financial year ended 31 December 2025. At the same meeting, the board will al...
Qingling Motors Expands Lease-Back Model for New Energy Vehicles with New Repurchase Deals
Mar 16, 2026
Qingling Motors Co. has entered into eight new repurchase agreements with a financial leasing company and multiple dealers to support its evolving finance lease model for new energy vehicles. Under this structure, a leasing provider finances custo...
Qingling Motors Delays Circular on Connected Transactions to April 2026
Mar 12, 2026
Qingling Motors Co. Ltd has announced a delay in sending a shareholder circular related to its continuing connected transactions, which was originally expected to be dispatched by 13 March 2026. The circular will now be sent on or before 17 April ...
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.