Trigiant Group Ltd. (1300) AI Stock Analysis

• Market Cap: HK$884.00M
• Dividend Yield: N/A
• Average Volume (3M): 479.87K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.42
• Revenue Growth: 6.88%
• EPS Growth: -49.48%
• Country: HK
• Employees: 684
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): 0.01
• Shares Outstanding: 1,768,000,000
• 10 Day Avg. Volume: 681,600
• 30 Day Avg. Volume: 479,866
• PEG Ratio: 0.98
• Price to Book (P/B): 0.14
• Price to Sales (P/S): 0.20
• P/FCF Ratio: 1.09
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: HK$0.50 ▲(56.88% Upside)

The score is held down primarily by weak financial performance (declining revenue, ongoing losses, margin deterioration, and zero operating cash flow in 2024). Technicals provide a partial offset due to strong recent price momentum, but overbought indicators raise near-term risk. Valuation is also pressured by the negative P/E and lack of dividend yield data.

Positive Factors

Specialized Telecom Services

Specialization in RF and network optimization creates a durable competitive edge: deep technical know-how and tailored engineering services increase switching costs and support both project and recurring service revenue. This expertise helps win multi-year operator contracts and sustain demand through upgrade cycles.

Stable Equity Base

A relatively stable shareholders' equity and strong equity-to-liability ratio provide financial resilience over the medium term. This stability helps absorb telecom capex cyclicality, maintain operations during downturns, and retain access to financing without immediate solvency pressure.

Exposure to Structural Demand

The business is directly tied to carriers' network expansion and technology transitions, a structural long-term source of demand. Ongoing upgrades and densification of mobile networks sustain the addressable market for optimization products and engineering services across multi-year rollouts.

Negative Factors

Declining Revenue & Losses

Multi-year revenue decline paired with consistent net losses signals persistent profitability challenges. Over months this erodes scale economics, constrains reinvestment in products and talent, and weakens negotiating power with operators, making recovery dependent on strategic shifts.

Margin Compression

Sustained compression in gross and operating margins reduces internal funding for R&D, sales, and capital needs. Lower margins over the medium term point to pricing pressure or rising costs, weakening the firm's ability to compete and absorb future cost or pricing shocks without structural improvements.

Weak Cash Generation

Zero operating cash flow in 2024 and inconsistent free cash flow indicate fragile cash conversion. Over a 2-6 month horizon this limits the company's ability to fund projects, support working capital, or invest in product development without external financing, increasing liquidity and leverage risk.

Trigiant Group Ltd. Business Overview & Revenue Model

Company Description

Trigiant Group Ltd. is a leading provider of advanced telecommunications solutions, primarily engaged in the development, manufacturing, and distribution of high-quality communication equipment. The company operates in the telecommunications sector, offering a range of products that include network infrastructure components, electronic devices, and specialized services tailored for various industries. With a commitment to innovation and quality, Trigiant Group serves both domestic and international markets, catering to the needs of telecommunications operators and enterprises.

How the Company Makes Money

Trigiant Group Ltd. generates revenue through multiple channels, primarily by selling its telecommunications equipment and solutions to a diverse client base, including telecom operators and enterprise customers. The company's revenue model is built on direct sales, where it markets its products through both its own sales teams and third-party distributors. Additionally, Trigiant may engage in service contracts that provide ongoing support and maintenance for its products, creating a recurring revenue stream. Strategic partnerships with technology providers and telecommunications companies also enhance its market reach and may lead to collaborative projects that contribute to its earnings. The company’s focus on innovation ensures it remains competitive, continually introducing new products that meet the evolving demands of the telecommunications industry.

Trigiant Group Ltd. Financial Statement Overview

Summary

Trigiant Group Ltd. is facing financial challenges, particularly in revenue and profitability, with consistent negative net income. The balance sheet shows stability in equity but is affected by increasing leverage. Cash flow issues are evident with zero operating cash flow in 2024, highlighting sustainability concerns. Overall, the company needs to address profitability and cash generation to improve financial health.

Income Statement

Trigiant Group Ltd. shows a declining revenue trend over the past few years, with a notable drop from 2019 to 2024. The company has consistent negative net income in recent years, indicating profitability challenges. Gross profit margin has decreased from 19.1% in 2019 to 11.7% in 2024, impacting overall profitability. The EBIT margin has also diminished, suggesting operating inefficiencies.

Balance Sheet

The company's debt-to-equity ratio has increased slightly, indicating higher leverage but still manageable. Stockholders' equity remains relatively stable, although total assets have slightly decreased over the years. The equity ratio indicates a strong equity base compared to liabilities, reflecting financial stability but with potential risk due to increasing debt.

Cash Flow

Free cash flow has been inconsistent, with a significant drop in 2024 due to zero operating cash flow, raising concerns about cash generation. The operational cash flow to net income ratio is unavailable for 2024, but prior years show variability, reflecting cash flow volatility. Continuous negative income impacts free cash flow conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.59B	2.51B	2.51B	2.63B	2.86B	2.87B
Gross Profit	291.10M	293.61M	316.52M	352.29M	423.92M	511.37M
EBITDA	31.00M	42.35M	51.89M	35.78M	312.73M	-30.47M
Net Income	-23.84M	-7.91M	-22.55M	-56.36M	207.47M	-139.36M
Balance Sheet
Total Assets	5.26B	5.21B	5.40B	5.39B	5.61B	5.36B
Cash, Cash Equivalents and Short-Term Investments	554.70M	464.42M	549.36M	536.72M	459.27M	736.99M
Total Debt	1.49B	1.48B	1.69B	1.69B	1.27B	1.43B
Total Liabilities	1.73B	1.70B	1.88B	1.85B	2.01B	1.97B
Stockholders Equity	3.53B	3.51B	3.52B	3.54B	3.60B	3.39B
Cash Flow
Free Cash Flow	367.07M	461.54M	666.57M	163.02M	43.22M	79.08M
Operating Cash Flow	377.19M	469.99M	668.32M	190.68M	47.77M	82.51M
Investing Cash Flow	90.30M	104.93M	16.73M	3.80M	-58.60M	183.54M
Financing Cash Flow	-502.11M	-659.86M	-672.41M	-117.03M	-216.89M	60.81M

Trigiant Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1300, the sentiment is Positive. The current price of 0.32 is below the 20-day moving average (MA) of 0.36, below the 50-day MA of 0.33, and above the 200-day MA of 0.32, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 81.82 is Negative, neither overbought nor oversold. The STOCH value of 79.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1300.

Trigiant Group Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1617	65 Neutral	HK$187.02M	2.86	7.40%	―	-9.34%	605.26%
1720	63 Neutral	HK$128.70M	5.63	3.56%	―	8.78%	160.00%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
1085	58 Neutral	HK$721.68M	-12.21	-3.08%	―	5.24%	-201.60%
1202	54 Neutral	HK$352.00M	-463.16	-0.09%	―	-23.93%	-109.41%
1300	47 Neutral	HK$884.00M	-34.48	-0.68%	―	6.88%	-49.48%
0947	44 Neutral	HK$125.98M	-0.96	-29.56%	―	-12.03%	-40.38%

Trigiant Group Ltd. Corporate Events

Trigiant Group Secures Major Contract in China Mobile’s Procurement Project

Trigiant Group Ltd. announced that its subsidiary, Jiangsu Trigiant Technology Co., Ltd., has been declared a successful bidder in China Mobile’s Centralised Procurement Project for power cable products for the years 2025 to 2026. The company secured a contract worth approximately RMB1.8 billion, ranking third and obtaining 19.44% of the tender. This procurement is crucial for advancing 5G infrastructure deployment, highlighting Trigiant’s strategic positioning in the telecommunications sector and its ongoing relationship with China Mobile, a key client.

The most recent analyst rating on (HK:1300) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Trigiant Group Ltd. stock, see the HK:1300 Stock Forecast page.