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

• Market Cap: €308.00M
• Dividend Yield: N/A
• Average Volume (3M): 144.13K
• Price to Earnings (P/E): 248.4
• Beta (1Y): 0.16
• Revenue Growth: -26.82%
• EPS Growth: -56.94%
• Country: HK
• Employees: 436
• Sector: Technology
• Sector Strength: 79
• Industry: Communication Equipment
• EPS (TTM): >-0.01
• Shares Outstanding: 160,000,000
• 10 Day Avg. Volume: 110,600
• 30 Day Avg. Volume: 144,133
• PEG Ratio: 1.56
• Price to Book (P/B): 0.44
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -13.72
• 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

• Rating: 59 Neutral
• Price Target: HK$1.00 ▲(29.87%Upside)

The overall stock score reflects a blend of stable financials with low leverage but weak profitability and high valuation concerns. Technical indicators show neutral to mild bullish sentiment, but the high P/E ratio and lack of dividend yield weigh down the score.

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

Company Description

Chengdu 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 Money

The company generates revenue through the production and sale of telecommunications cables. Key revenue streams include the domestic and international sale of fiber optic and copper cables used in various telecommunications infrastructure projects. Chengdu Putian Telecommunications Cable Co., Ltd. partners with telecom operators, internet service providers, and other companies requiring advanced cabling solutions, contributing significantly to its earnings. The company also benefits from collaborations with industry players to enhance its product offerings and expand its market reach.

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

Summary

Chengdu Putian Telecommunications Cable Co. has a stable financial position with low leverage and improved cash flows. However, profitability and revenue growth are challenged, with low net profit margin and significant revenue decrease.

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.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
302.07M	403.64M	304.01M	300.42M	239.38M
	Gross Profit
62.13M	80.32M	63.42M	27.80M	4.84M
	EBIT
671.35K	-2.16M	-16.13M	-69.15M	-53.20M
	EBITDA
13.94M	9.04M	7.66M	-46.50M	―
	Net Income Common Stockholders
1.15M	2.77M	-2.22M	-52.27M	-42.82M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
440.79M	373.61M	485.37M	478.37M	424.80M
	Total Assets
1.00B	995.77M	1.02B	1.00B	1.05B
	Total Debt
4.22M	4.63M	4.82M	5.12M	6.18M
	Net Debt
-436.80M	-368.97M	-480.55M	-473.24M	-418.62M
	Total Liabilities
137.86M	130.69M	174.41M	165.75M	156.58M
	Stockholders Equity
778.34M	776.65M	755.85M	754.88M	805.27M
Cash Flow		Free Cash Flow
65.90M	-133.25M	-24.20M	47.54M	-8.97M
	Operating Cash Flow
86.13M	-120.21M	-22.66M	48.48M	-5.77M
	Investing Cash Flow
-18.36M	15.03M	29.85M	15.99M	20.51M
	Financing Cash Flow
-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 Price: 0.77
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 0.77 is above the 20-day moving average (MA) of 0.74, above the 50-day MA of 0.73, and above the 200-day MA of 0.73, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 55.74 is Neutral, neither overbought nor oversold. The STOCH value of 70.83 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$11.80B	10.10	-7.47%	2.99%	7.37%	-8.16%
1202	59 Neutral	€308.00M	248.39	0.15%	―	-26.82%	-56.94%
COBJF		$656.87M	―	-18.09%	1.29%	―	―
VI6		€1.93B	16.01	19.23%	1.71%	―	―
2116	68 Neutral	HK$216.00M	14.24	6.12%	2.22%	-4.13%	-35.11%
1410	64 Neutral	HK$207.87M	5.97	24.28%	―	22.84%	―

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

Chengdu SIWI Delays Auditor Appointment for 2024

Chengdu SIWI Science and Technology Company Limited has announced a delay in the appointment of auditors for the financial year ending December 31, 2024. The company is extending the selection process to ensure the appointment of qualified auditors, which will now be addressed in a separate general meeting following the annual general meeting scheduled for June 20, 2025. This delay highlights the company’s commitment to good corporate governance and may impact the timeline for finalizing its financial oversight for the upcoming year.

Chengdu SIWI Science and Technology Announces 2024 AGM Details

Chengdu SIWI Science and Technology Company Limited has announced its 2024 Annual General Meeting (AGM) to be held on June 20, 2025, in Chengdu, China. The meeting will address the approval of the board’s report, the audited financial report for 2024, and a profit distribution plan that proposes no dividend for the year. Shareholders are reminded of the procedures for attending and voting at the AGM, including the closure of the H Shares register from June 13 to June 20, 2025.

Chengdu SIWI Enhances Market Position with New Production Framework Agreement

Chengdu SIWI Science and Technology Company Limited announced a supplemental agreement regarding its Production Framework Agreement for high and low frequency cable assemblies with Rongwei Electronic Technology. The pricing for these assemblies will be based on prevailing market prices, ensuring competitiveness and alignment with industry standards. The company has set an annual cap of RMB5,000,000 for transactions in 2025 and 2026, based on expected demand and stable market conditions. This agreement is expected to enhance the company’s market positioning by ensuring favorable terms compared to independent third-party customers.

Chengdu SIWI Enters Production Agreement with Rongwei Electronic Technology

Chengdu SIWI Science and Technology Company Limited has entered into a Production Framework Agreement with Rongwei Electronic Technology for the supply of high and low frequency cable assemblies. This agreement, effective from March 28, 2025, to December 31, 2026, involves continuing connected transactions under the Hong Kong Listing Rules. The transactions are subject to reporting and annual review requirements but are exempt from independent shareholders’ approval. The agreement aims to ensure market-competitive pricing and terms, with a proposed annual cap of RMB 5,000,000 for each year of the agreement.

Chengdu SIWI Reports Stable Financial Growth in 2024 Annual Results

Chengdu SIWI Science and Technology Company Limited announced its audited consolidated financial results for the year ending December 31, 2024. The company reported a total asset increase to 1,004,717,519.26 Renminbi from the previous year’s 995,768,004.39 Renminbi, indicating a stable financial position. The results reflect a slight growth in both current and non-current assets, suggesting a steady operational performance and potential positive implications for stakeholders.