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Chengdu Putian Telecommunications Cable Co., Ltd. Class H (HK:1202)
:1202

Chengdu Putian Telecommunications Cable Co., Ltd. Class H (1202) AI Stock Analysis

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HK:1202

Chengdu Putian Telecommunications Cable Co., Ltd. Class H

(1202)

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Neutral 54 (OpenAI - 5.2)
Rating:54Neutral
Price Target:
HK$0.93
▲(9.18% Upside)
The score is primarily constrained by weak profitability and a sharp revenue decline, with only moderate support from an unusually low-leverage balance sheet and improved free cash flow. Technical indicators are largely neutral with slightly negative momentum, and valuation is penalized due to a negative P/E and no dividend yield data.
Positive Factors
Low Leverage / Strong Capital Structure
Extremely low leverage and a high equity ratio provide durable financial resilience, lowering refinancing and default risk. This capital structure supports investment in production, bidding for long-term contracts, and survival through cyclical downturns without heavy interest burdens.
Improved Free Cash Flow
Conversion to positive free cash flow and a strong operating-cash-to-net-income ratio indicate improved cash generation. Sustained FCF enables reinvestment in capacity, working capital support, and financial flexibility for capex or strategic initiatives over the medium term.
Gross Margin Control
A roughly 20.6% gross margin shows the company retains pricing power or cost control on core cable manufacturing. If structural demand returns, this margin base supports recovery in operating profitability and provides headroom to absorb fixed-cost leverage.
Negative Factors
Sharp Revenue Decline
A material revenue drop signals weakened demand, lost contracts, or competitive displacement. Reduced scale strains fixed-cost absorption in manufacturing, undermines long-term margin recovery, and can constrain reinvestment and market share preservation over several quarters.
Very Weak Profitability Metrics
Extremely low net and operating margins and near-zero ROE mean the business generates little return on capital. This limits retained earnings for growth, weakens competitive reinvestment ability, and raises the bar for management to sustainably improve shareholder returns.
Severe EPS Contraction
A greater-than-100% EPS decline reflects an earnings collapse that may stem from one-offs or structural issues. Persisting earnings volatility reduces investor confidence, limits access to capital, and signals potential difficulty in restoring consistent profitability over the medium term.

Chengdu Putian Telecommunications Cable Co., Ltd. Class H (1202) vs. iShares MSCI Hong Kong ETF (EWH)

Chengdu Putian Telecommunications Cable Co., Ltd. Class H Business Overview & Revenue Model

Company DescriptionChengdu SIWI Science and Technology Company Limited, together with its subsidiaries, manufactures and sells telecommunications cables in the People's Republic of China. It operates through Copper Cable and Related Products; Optical Communication Products; and Wire Casings and Related Products segments. The company offers electric wires and cables, optical fibers and cables, wire and cable specific materials, and cable accessories; equipment and various kinds of information industrial products devices; equipment technology research and development; and product manufacturing, and sales and service. It also provides irradiation processing services. The company was formerly known as Chengdu PUTIAN Telecommunications Cable Company Limited and changed its name to Chengdu SIWI Science and Technology Company Limited in August 2022. The company was founded in 1958 and is headquartered in Chengdu, the People's Republic of China. Chengdu SIWI Science and Technology Company Limited is a subsidiary of China Potevio Company Limited.
How the Company Makes MoneyThe company generates revenue primarily through the sale of its telecommunications cables and related products. Key revenue streams include bulk sales to telecommunications service providers, contracts with government and private sector projects, and exports to international markets. Additionally, the company may engage in partnerships with technology firms and telecommunications operators, enhancing its market reach and driving sales. Factors contributing to its earnings include the growing demand for high-speed internet, the expansion of telecommunications infrastructure, and advancements in related technologies, allowing for sustained business growth.

Chengdu Putian Telecommunications Cable Co., Ltd. Class H Financial Statement Overview

Summary
Chengdu Putian Telecommunications Cable Co. shows a stable financial position with low leverage, but faces challenges in profitability and revenue growth. The income statement reveals a low net profit margin and significant revenue decrease, while the balance sheet indicates minimal financial risk but low asset utilization. Cash flows have improved, suggesting better cash management.
Income Statement
The income statement shows a mixed performance. Gross profit margin for 2024 was approximately 20.6%, which is a decent level indicating some control over cost of goods sold. However, the net profit margin is low at 0.38%, highlighting challenges in managing operating expenses and taxes. The company experienced a significant revenue decrease of 25.19% from 2023 to 2024, suggesting demand challenges or competitive pressures. EBIT and EBITDA margins are low, at 0.22% and 4.61% respectively, pointing to weak operational profitability.
Balance Sheet
The balance sheet is relatively strong with a low debt-to-equity ratio of 0.005, indicating minimal leverage and financial risk. The return on equity (ROE) is low at 0.15%, suggesting that shareholder funds are not being utilized efficiently to generate profits. The equity ratio is high at 77.5%, signifying a robust capital structure with significant equity financing. These factors suggest stability but also highlight the need for better asset utilization.
Cash Flow
The cash flow statement shows improvement with a positive free cash flow of 65.9 million in 2024 compared to negative figures in prior years. Operating cash flow to net income ratio is robust at 74.9, indicating strong cash generation relative to accounting profits. However, the free cash flow to net income ratio is 57.3, reflecting some inefficiencies in converting profits into cash.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue300.85M302.07M403.64M304.01M300.42M239.38M
Gross Profit62.14M62.13M80.32M63.42M27.80M4.84M
EBITDA12.81M13.94M9.04M7.66M-46.50M-46.83M
Net Income-693.73K1.15M2.77M-2.22M-52.27M-42.82M
Balance Sheet
Total Assets1.03B1.00B995.77M1.02B1.00B1.05B
Cash, Cash Equivalents and Short-Term Investments431.80M440.79M373.61M485.37M478.37M424.80M
Total Debt0.004.22M4.63M4.82M5.12M6.18M
Total Liabilities160.02M137.86M130.69M174.41M165.75M156.58M
Stockholders Equity779.32M778.34M776.65M755.85M754.88M805.27M
Cash Flow
Free Cash Flow-36.52M65.90M-133.25M-24.20M47.54M-8.97M
Operating Cash Flow-12.70M86.13M-120.21M-22.66M48.48M-5.77M
Investing Cash Flow-23.96M-18.36M15.03M29.85M15.99M20.51M
Financing Cash Flow-4.32M-512.44K-531.40K-502.97K-546.84K-4.57M

Chengdu Putian Telecommunications Cable Co., Ltd. Class H Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.85
Price Trends
50DMA
0.89
Positive
100DMA
0.93
Positive
200DMA
0.87
Positive
Market Momentum
MACD
<0.01
Negative
RSI
64.47
Neutral
STOCH
41.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1202, the sentiment is Positive. The current price of 0.85 is below the 20-day moving average (MA) of 0.89, below the 50-day MA of 0.89, and below the 200-day MA of 0.87, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 64.47 is Neutral, neither overbought nor oversold. The STOCH value of 41.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1202.

Chengdu Putian Telecommunications Cable Co., Ltd. Class H Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
HK$772.90M-13.24-3.08%5.24%-201.60%
65
Neutral
HK$178.89M2.897.40%-9.34%605.26%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
54
Neutral
HK$352.00M-510.53-0.09%-23.93%-109.41%
53
Neutral
HK$553.11M-4.02-24.22%-20.95%-13.14%
46
Neutral
HK$44.83M-1.36-14.69%-43.22%-34.69%
44
Neutral
HK$126.78M-0.93-29.56%-12.03%-40.38%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1202
Chengdu Putian Telecommunications Cable Co., Ltd. Class H
0.97
0.25
34.72%
HK:0248
HKC International Holdings Limited
0.04
<0.01
20.00%
HK:0947
Mobi Development Co., Ltd.
0.15
0.01
7.80%
HK:9963
Transtech Optelecom Science Holdings Limited
1.45
1.09
302.78%
HK:1085
Hengxin Technology Ltd.
1.68
0.40
31.25%
HK:1617
Nanfang Communication Holdings Ltd.
0.12
0.03
34.88%

Chengdu Putian Telecommunications Cable Co., Ltd. Class H Corporate Events

Chengdu SIWI Shareholders Back Loss Offset Plan and New Board Appointment
Dec 18, 2025

Chengdu SIWI Science and Technology Company Limited held its second extraordinary general meeting of 2025 in Chengdu on 18 December, with shareholders or their proxies representing 60% of the company’s issued share capital in attendance. All resolutions put forward were approved by poll with 100% of votes cast in favour, including a measure to use reserves to offset accumulated losses and the election of Li Qiangbin as a non-executive director for the eleventh board session. The capital restructuring step is intended to clean up the company’s balance sheet and may improve its financial flexibility and perceived stability, while the board appointment reinforces the company’s corporate governance structure as it continues to align with both PRC regulations and Hong Kong listing standards.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

Chengdu SIWI Announces Board Composition and Committee Structure
Nov 27, 2025

Chengdu SIWI Science and Technology Company Limited has announced the composition of its board of directors, which includes executive, non-executive, and independent non-executive directors. The company has also established four committees to oversee various aspects of its governance, including remuneration, nomination, audit, and strategic development, with specific directors assigned to each committee. This announcement highlights the company’s commitment to structured governance and strategic oversight, which may enhance its operational efficiency and strengthen its position in the industry.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

Chengdu SIWI to Offset Losses with Reserves, Aiming for Growth
Nov 27, 2025

Chengdu SIWI Science and Technology Company Limited plans to use its reserves to offset accumulated losses of RMB272 million, reducing them to zero. This financial maneuver aims to enhance investor returns and support the company’s high-quality development, pending shareholder approval at the upcoming general meeting.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

Chengdu SIWI Announces 2025 Extraordinary General Meeting
Nov 27, 2025

Chengdu SIWI Science and Technology Company Limited has announced its 2025 second extraordinary general meeting, which will address key resolutions including using reserves to offset company losses and the election of a new non-executive director, Mr. Li Qiangbin. This meeting is significant for the company’s governance and financial strategy, potentially impacting shareholder interests and the company’s market positioning.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

Chengdu Siwi Renews Sumitomo Framework Agreement for 2026
Nov 27, 2025

Chengdu Siwi Science and Technology Company Limited, through its subsidiary SEI Optical, has renewed its agreement with Sumitomo Electric Group for the supply of optical fibre preforms and related equipment, spare parts, and technical services. This renewal, effective from January 1, 2026, to December 31, 2026, ensures the continuation of business operations with Sumitomo Electric, a substantial shareholder and connected person under the Listing Rules. The agreement’s terms have been deemed fair and reasonable by the company’s directors and independent non-executive directors, aligning with normal commercial practices and market prices, thus exempting it from certain regulatory requirements.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

Chengdu SIWI Renews Supply Agreement with 29th Research Institute
Nov 27, 2025

Chengdu SIWI Science and Technology Company Limited, a sino-foreign joint stock company in China, has renewed its agreement with the 29th Research Institute for the supply of accessories, cables, and cable joints for high and low frequency components. The renewal of the 29th Research Institute Supply Framework Agreement, effective from January 1, 2026, to December 31, 2026, continues the company’s ongoing transactions with its indirect controlling shareholder. These transactions are considered continuing connected transactions under Hong Kong’s Listing Rules, subject to reporting and annual review but exempt from independent shareholders’ approval.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

Chengdu Putian Revises Annual Cap and Renews Supply Agreement
Nov 27, 2025

Chengdu Putian Telecommunications Cable Co., Ltd. has announced a revision of the annual cap for its continuing connected transactions under the 2025 Seekon Microwave Supply Framework Agreement. The company anticipates increased demand due to business development and expansion, prompting a revision of the existing annual cap to RMB5 million for the financial year ending December 31, 2025. Additionally, the company has entered into the 2026 Seekon Microwave Supply Framework Agreement to continue supplying accessories, optic products, and related services to Seekon Microwave from January 1, 2026, to December 31, 2026. These transactions are subject to reporting, annual review, and announcement requirements under the Listing Rules, but are exempt from independent shareholders’ approval.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

Chengdu Putian Renews Optical Fibre Supply Agreement with 8th Research Institute
Nov 27, 2025

Chengdu Putian Telecommunications Cable Co., Ltd. has announced the renewal of its supply framework agreement with the 8th Research Institute, a subsidiary of China Electronics Technology, for the year 2026. This agreement involves SEI Optical, a subsidiary of the company, supplying optical fibre products to the 8th Research Institute. The transactions are classified as continuing connected transactions under Hong Kong’s Listing Rules, requiring reporting and annual review but exempt from independent shareholders’ approval. The agreement is set for a fixed term from January 1, 2026, to December 31, 2026, with pricing based on prevailing market conditions.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

Chengdu Siwi Revises Annual Cap and Renews Supply Agreement
Nov 27, 2025

Chengdu Siwi Science and Technology Company Limited has announced a revision to its annual cap for continuing connected transactions under the 2025 23rd Research Institute Supply Framework Agreement. The company anticipates that its demand for accessories, cables, and cable joints will exceed previous projections, prompting an increase in the annual cap to RMB14 million for the year ending December 31, 2025. Additionally, the company has entered into a new agreement with the 23rd Research Institute for the supply of these components for the year 2026, ensuring continuity of supply and operations.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

Chengdu Putian Telecommunications Signs Supply Agreement with 51st Research Institute
Nov 27, 2025

Chengdu Putian Telecommunications Cable Co., Ltd. has entered into a Supply Framework Agreement with the 51st Research Institute, a subsidiary of China Electronics Technology, to supply optical cable assemblies and optical device sub-modules from November 2025 to December 2026. This agreement constitutes continuing connected transactions under Hong Kong’s Listing Rules, requiring reporting and annual review but exempting independent shareholders’ approval. The pricing will be based on prevailing market rates, ensuring competitiveness and alignment with market conditions.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

Chengdu Siwi Enters Sales Agreement with 23rd Research Institute
Nov 27, 2025

Chengdu Siwi Science and Technology Company Limited, a sino-foreign joint stock company in China, has entered into a Sales Framework Agreement with the 23rd Research Institute, a subsidiary of China Electronics Technology. This agreement involves the supply of components, optic products, and related services for one year starting January 2026. The transactions are considered continuing connected transactions under Hong Kong’s Listing Rules, requiring reporting and annual review but exempt from independent shareholder approval. The pricing will be based on market rates, ensuring terms are comparable to those offered to independent third parties.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

Chengdu Siwi Enters Framework Purchase Agreement with Siwi High Tech
Nov 27, 2025

Chengdu Siwi Science and Technology Company Limited has entered into a Siwi High Tech Framework Purchase Agreement with Siwi High Tech, a direct controlling shareholder, to purchase accessories, cables, and cable joints for high and low frequency components. This agreement, effective from January 1, 2026, to December 31, 2026, is categorized as a continuing connected transaction under Hong Kong’s Listing Rules. The transaction is subject to reporting and annual review but is exempt from independent shareholder approval due to the applicable percentage ratios. The pricing and payment terms will be negotiated on an arm’s length basis, ensuring they are no less favorable than market levels.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

Chengdu SIWI Announces Change of Hong Kong Business Address
Nov 27, 2025

Chengdu SIWI Science and Technology Company Limited, a sino-foreign joint stock company, announced a change in its principal place of business in Hong Kong. The new address will be effective from November 27, 2025, indicating a strategic move that may impact its operational logistics and stakeholder engagements.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

Chengdu Siwi Updates Director and Supervisor Emoluments in Annual Reports
Nov 27, 2025

Chengdu Siwi Science and Technology Company Limited has issued a supplemental announcement regarding the emoluments paid to its Directors, Independent Non-Executive Directors, and Supervisors for the years 2008 to 2013. The announcement provides additional information on the remuneration structure, including salaries, allowances, and performance-related incentives, while noting that the overall information in the annual reports remains unchanged. This update may impact stakeholders’ understanding of the company’s financial disclosures and governance practices.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

Chengdu SIWI Announces Board Reshuffle with New Director Appointment
Nov 27, 2025

Chengdu SIWI Science and Technology Company Limited announced changes in its board of directors, with Mr. Chan Wei resigning as a non-executive director and member of the Remuneration and Appraisal Committee, and Mr. Li Qiangbin being appointed to the same positions. This transition, effective from November 27, 2025, is part of the company’s ongoing governance adjustments, potentially impacting its strategic direction and stakeholder relations.

The most recent analyst rating on (HK:1202) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chengdu Putian Telecommunications Cable Co., Ltd. Class H stock, see the HK:1202 Stock Forecast page.

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.Date of analysis: Jan 07, 2026