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Qingling Motors Co
(1122)
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Rating:42Neutral
Price Target:
HK$0.70
▼(-36.18% Downside)
Action:Reiterated
Date:06/25/26
The score is held down primarily by weak financial performance (ongoing losses and negative 2025 cash flow) and a bearish technical picture (price below key moving averages with negative MACD). A strong, low-debt balance sheet and improving gross margin help, but do not outweigh the lack of profitability and the negative earnings-based valuation signal (negative P/E).
Positive Factors
Balance sheet strength
Extremely low leverage and a large equity base provide durable financial flexibility. This allows the company to absorb commercial-vehicle cyclicality, fund necessary capex or restructuring, and pursue strategic options without immediate refinancing pressure while working to restore profitability.
Negative Factors
Persistent operating and net losses
Operating and net losses across recent years constrain retained earnings and internal funding capacity. Continued unprofitable operations erode shareholder value and limit the company’s ability to self-fund investments, making sustained recovery reliant on structural margin improvement or outside capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Extremely low leverage and a large equity base provide durable financial flexibility. This allows the company to absorb commercial-vehicle cyclicality, fund necessary capex or restructuring, and pursue strategic options without immediate refinancing pressure while working to restore profitability.
Read all positive factors
Qingling Motors Co (1122) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.69B
Dividend YieldN/A
Average Volume (3M)666.32K
Price to Earnings (P/E)―
Beta (1Y)0.73
Revenue Growth5.97%
EPS Growth53.11%
CountryHK
Employees2,996
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
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)0.47
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, accessories, and ...
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 | 4.37B | 4.12B | 3.60B | 3.25B | 4.83B |
| Gross Profit | 392.77M | 270.85M | 223.35M | 115.16M | 554.34M |
| EBITDA | -134.91M | -242.66M | 67.01M | -335.20M | -111.66M |
| Net Income | -26.32M | -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
0.81
Negative
0.92
Negative
0.91
Negative
Market Momentum
-0.04
Negative
26.97
Positive
25.69
Neutral
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 0.70, above the 50-day MA of 0.81, and above the 200-day MA of 0.91, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 26.97 is Positive, neither overbought nor oversold. The STOCH value of 25.69 is Neutral, 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$12.24B | 8.22 | 11.67% | 4.26% | 9.84% | 27.75% | |
75 Outperform | HK$13.37B | 15.87 | 10.76% | 4.49% | -4.80% | 2.58% | |
66 Neutral | HK$108.56B | 12.66 | 15.91% | 4.77% | 15.34% | 20.27% | |
63 Neutral | HK$24.54B | 12.02 | 13.81% | 3.41% | 11.08% | 59.37% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | HK$70.61B | 14.38 | 7.49% | 7.28% | 14.66% | 30.39% | |
42 Neutral | HK$1.69B | -52.26 | -1.07% | ― | 5.97% | 53.11% |
* Consumer Cyclical Sector Average
HK:1122
Qingling Motors Co
0.64
-0.18
-21.95%
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Qingling Motors Co Corporate Events
Qingling Motors Expands NEV Leasing With New Repurchase Deal
Jun 17, 2026
Qingling Motors has entered into a new repurchase agreement with a financial leasing company and a dealer, extending its use of repurchase guarantees to support finance lease sales of its new energy vehicles. The transaction, when aggregated with ...
Qingling Motors Expands Finance Lease Model with New Repurchase Deal
May 19, 2026
Qingling Motors Co. has entered into a new repurchase agreement with a financial leasing company and a dealer as part of its strategy to support sales of new energy vehicles through finance leasing. Under this model, leasing firms finance purchase...
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...
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.