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China Outfitters Holdings
(1146)
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Rating:50Neutral
Price Target:
HK$0.05
▲(73.33% Upside)
Action:Reiterated
Date:05/29/26
The score is held back primarily by weak financial performance (shrinking revenue, ongoing losses, and sustained negative operating/free cash flow), despite a low-debt balance sheet. Technical indicators are notably better, showing an uptrend and positive momentum, which partially offsets the fundamental risks. Valuation remains challenged due to losses and a negative P/E.
Positive Factors
Low leverage / conservative capital structure
Very low debt levels materially reduce refinancing and interest-rate risk, giving management durable financial flexibility. Over 2–6 months this conservatism supports options to fund restructuring, absorb losses, or raise needed cash without acute solvency pressure, preserving operational continuity.
Negative Factors
Shrinking revenue base
A steep, multi-year revenue decline signals loss of market share, weaker demand, or distribution pullback. Such contraction erodes scale advantages and makes fixed-cost absorption harder, raising the structural bar for margin recovery and requiring sustained revenue restoration to rebuild profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative capital structure
Very low debt levels materially reduce refinancing and interest-rate risk, giving management durable financial flexibility. Over 2–6 months this conservatism supports options to fund restructuring, absorb losses, or raise needed cash without acute solvency pressure, preserving operational continuity.
Read all positive factors
China Outfitters Holdings (1146) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$200.26M
Dividend YieldN/A
Average Volume (3M)164.07K
Price to Earnings (P/E)―
Beta (1Y)0.28
Revenue Growth-10.61%
EPS Growth17.18%
CountryHK
Employees194
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.03
Shares Outstanding3,445,450,000
10 Day Avg. Volume139,400
30 Day Avg. Volume164,066
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.10
Price to Sales (P/S)0.67
P/FCF Ratio-5.24
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
China Outfitters Holdings Business Overview & Revenue Model
Company Description
Huicheng International Holdings Ltd. specializes in the full scope of men's clothing, encompassing its design, production, promotion, and retail. The company's activities are divided into two primary divisions: Property Development, and Apparel Pr...
How the Company Makes Money
null...
China Outfitters Holdings Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 139.44M | 156.08M | 207.66M | 206.52M | 323.51M |
| Gross Profit | 68.22M | 81.12M | 101.31M | 81.36M | 194.61M |
| EBITDA | -79.73M | -77.18M | -76.87M | -153.25M | -45.61M |
| Net Income | -93.44M | -109.41M | -142.52M | -252.18M | -151.81M |
Balance Sheet | |||||
| Total Assets | 1.10B | 1.16B | 1.32B | 1.47B | 1.75B |
| Cash, Cash Equivalents and Short-Term Investments | 331.23M | 333.49M | 475.18M | 496.79M | 556.83M |
| Total Debt | 22.24M | 9.33M | 10.82M | 11.73M | 27.66M |
| Total Liabilities | 212.82M | 190.02M | 193.61M | 200.35M | 258.13M |
| Stockholders Equity | 891.52M | 971.06M | 1.13B | 1.26B | 1.49B |
Cash Flow | |||||
| Free Cash Flow | -17.73M | -24.30M | -12.62M | -47.38M | -104.45M |
| Operating Cash Flow | -15.05M | -24.30M | -8.59M | -31.52M | -72.61M |
| Investing Cash Flow | -191.90K | -31.20M | -17.80M | 191.47M | -24.68M |
| Financing Cash Flow | 2.65M | -66.60M | -9.55M | -23.42M | -47.60M |
China Outfitters Holdings Technical Analysis
Positive
0.03
Price Trends
0.05
Positive
0.04
Positive
0.04
Positive
Market Momentum
<0.01
Negative
57.97
Neutral
69.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1146, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.97 is Neutral, neither overbought nor oversold. The STOCH value of 69.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1146.
China Outfitters Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$690.93M | 4.95 | 5.84% | 6.04% | -1.81% | -2.23% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | HK$192.28M | -1.98 | -8.69% | 2.08% | 2.86% | -63.19% | |
50 Neutral | HK$200.26M | -1.94 | -11.82% | ― | -10.61% | 17.18% | |
49 Neutral | HK$260.73M | -1.41 | -14.46% | ― | -13.96% | -167.54% | |
49 Neutral | HK$875.86M | 24.76 | 2.27% | 1.28% | -8.69% | 11.46% | |
44 Neutral | HK$148.03M | -1.00 | -7.74% | ― | -32.95% | -128.22% |
* Consumer Cyclical Sector Average
HK:1146
China Outfitters Holdings
0.06
<0.01
1.67%
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China Outfitters Holdings Corporate Events
China Outfitters Sends Circular on Connected Share Subscription and Whitewash Waiver
Jul 13, 2026
China Outfitters Holdings has issued a circular to shareholders detailing a proposed connected share subscription under a specific mandate and an associated whitewash waiver application. The documents include independent board and financial advise...
Huicheng International Calls EGM on Share Subscription and Whitewash Waiver
Jul 10, 2026
Huicheng International Holdings Limited has convened an extraordinary general meeting in Hong Kong for 3 August 2026, where shareholders will vote on a share subscription agreement with Ms. Zhang Kailun. The deal involves a specific mandate for th...
Huicheng International Further Delays Key Share Subscription Circular
Jul 7, 2026
Huicheng International Holdings Limited has announced a further delay in sending out a shareholder circular related to a connected share subscription transaction under a specific mandate and an associated application for a whitewash waiver. The co...
China Outfitters Plans Connected Share Subscription and Seeks Whitewash Waiver
May 26, 2026
China Outfitters Holdings has agreed to issue 100,000,000 new shares at HK$0.10 each to a connected subscriber, raising HK$10 million in cash and diluting existing shareholders by about 2.8% on an enlarged basis. The shares will be issued under a ...
Huicheng International Wins Strong Shareholder Backing for Mandates and Special Dividend
May 26, 2026
Huicheng International Holdings shareholders overwhelmingly approved all resolutions at the 26 May 2026 annual general meeting, including adoption of the 2025 audited accounts, re-election of executive and independent non-executive directors, and ...
Huicheng International Changes AGM Venue While Keeping Schedule Intact
May 8, 2026
Huicheng International Holdings Limited has announced a change in the venue for its annual general meeting scheduled for 2:00 p.m. on 26 May 2026 in Hong Kong, citing administrative reasons for the move to Room 3302, 33/F, West Tower, Shun Tak Cen...
Huicheng International Declares Special Final Dividend for 2025
Apr 30, 2026
Huicheng International Holdings has declared a special final dividend of HKD 0.01 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars to shareholders on record as of 12 June 2026. The payout, which was approved by...
Huicheng International Sets 2026 AGM to Approve Accounts, Board Changes and Share Issue Mandate
Apr 30, 2026
Huicheng International Holdings Limited has convened its annual general meeting for 26 May 2026 in Hong Kong, where shareholders will review and adopt the audited consolidated financial statements and the reports of directors and auditors for the ...
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.