Trigiant Group Ltd. (1300) AI Stock Analysis

• Market Cap: HK$555.37M
• Dividend Yield: N/A
• Average Volume (3M): 467.87K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: -1.80%
• EPS Growth: 61.90%
• Country: HK
• Employees: 684
• Sector: Technology
• Sector Strength: 79
• Industry: Communication Equipment
• EPS (TTM): >-0.01
• Shares Outstanding: 1,791,500,000
• 10 Day Avg. Volume: 1,077,600
• 30 Day Avg. Volume: 467,866
• PEG Ratio: 0.09
• Price to Book (P/B): 0.17
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 3.78
• 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: 46 Neutral
• Price Target: ―

Trigiant Group Ltd.'s financial challenges, particularly in revenue and cash flow, significantly impact the stock's score. Technical indicators show neutral momentum, while the valuation is concerning due to a negative P/E ratio. The absence of dividend yield further detracts from the stock's appeal.

Trigiant Group Ltd. Business Overview & Revenue Model

Company Description

Trigiant Group Limited, an investment holding company, manufactures and sells feeder cables, optical fiber cables and related products, flame-retardant flexible cables, electronic components, and others for mobile communications and telecommunication equipment in the People's Republic of China. The company's Feeder Cable Series segment offers cables used in transmitting and receiving radio signals, as well as components for telecommunications transmission equipment; and leaky cables primarily used for wireless mobile communications, remote control, and alarm systems for transmitting radio frequency signals, as well as sending and receiving antenna data for areas of weak signal coverage, such as subways, tunnels, underground passages, and interiors of buildings. Its Optical Fibre Cable Series and Related Products segment provides cables for use in long haul telecommunication transmission in fixed and wireless telecommunications networks. The company's Flame-Retardant Flexible Cable Series segment offers cables that are used as internal connection cables for power systems, mobile cable transmission and distribution systems, and communications switch systems requiring uninterrupted power. Its New-Type Electronic Components segment provides sensing products, optical splitters, jumpers for connection of wireless antennas with feeder cables and various communications equipment, connectors for connection of radio frequency circuits to radio equipment and electronic devices, and antenna lightning arresters installed between a high frequency device and a feeder cable. The company's Others segment provides couplers, combiners, feeder wall plates, adjustable stands, waterproof clay, insulating tape, cable ties, and feeder hoisting grips. It exports its products to Brazil, India, Russia, the Middle East, South East Asia, etc. The company was founded in 2007 and is headquartered in Yixing, the People's Republic of China.

How the Company Makes Money

Trigiant Group Ltd. generates revenue through the manufacturing and sale of its extensive range of telecommunication products. The company's key revenue streams include sales of feeder cables, optical fiber cables, and related components essential for telecommunication infrastructure. Trigiant benefits significantly from its strategic partnerships with major telecommunication operators and equipment manufacturers, which ensures steady demand for its products. Additionally, its strong presence in both domestic and international markets allows it to capitalize on the growing need for advanced communication technologies, thereby contributing to its earnings.

Trigiant Group Ltd. Financial Statement Overview

Summary

Trigiant Group Ltd. is struggling financially, with declining revenues and consistent negative net income impacting profitability. The balance sheet is stable but shows increased leverage. Cash flow issues are prominent with zero operating cash flow in 2024, indicating sustainability concerns.

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
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.51B	2.51B	2.63B	2.86B	2.87B
	Gross Profit
293.61M	316.52M	352.29M	423.92M	511.37M
	EBIT
22.16M	0.00	234.93M	269.91M	197.74M
	EBITDA
42.35M	51.89M	258.07M	308.86M	-30.47M
	Net Income Common Stockholders
-7.91M	-22.55M	-56.36M	207.47M	-139.36M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
464.42M	549.36M	536.72M	459.27M	736.99M
	Total Assets
5.21B	5.40B	5.39B	5.61B	5.36B
	Total Debt
1.48B	1.69B	1.69B	1.27B	1.43B
	Net Debt
1.02B	1.15B	1.15B	807.33M	738.62M
	Total Liabilities
1.70B	1.88B	1.85B	2.01B	1.97B
	Stockholders Equity
3.51B	3.52B	3.54B	3.60B	3.39B
Cash Flow		Free Cash Flow
461.54M	666.57M	163.02M	43.22M	79.08M
	Operating Cash Flow
469.99M	668.32M	190.68M	47.77M	82.51M
	Investing Cash Flow
104.93M	16.73M	3.80M	-58.60M	183.54M
	Financing Cash Flow
-659.86M	-672.41M	-117.03M	-216.89M	60.81M

Trigiant Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.31
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1300, the sentiment is Negative. The current price of 0.31 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.30, and below the 200-day MA of 0.31, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 48.75 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1300.

Trigiant Group Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1085	64 Neutral	HK$563.38M	11.33	2.42%	―	9.68%	-47.81%
Sector *	62 Neutral	$11.80B	10.10	-7.47%	2.99%	7.37%	-8.16%
1720	60 Neutral	HK$114.40M	5.71	3.16%	―	6.07%	136.36%
1617	59 Neutral	HK$195.15M	4.51	5.02%	―	1.01%	660.00%
1300	46 Neutral	HK$555.37M	―	-0.23%	―	-1.80%	61.90%
CUEH		€33.96M	180.00	0.15%	―	―	―
0947	40 Underperform	HK$92.87M	―	-27.13%	―	-21.31%	-105.30%

Trigiant Group Ltd. Corporate Events

Trigiant Group Limited Announces 2025 Annual General Meeting

Trigiant Group Limited, incorporated in the Cayman Islands, has announced its upcoming Annual General Meeting to be held on May 15, 2025, in Hong Kong. The meeting will address several key business matters, including the adoption of the audited financial statements for the year ending December 31, 2024, re-election of independent non-executive directors, and re-appointment of Deloitte Touche Tohmatsu as the company’s auditor. Additionally, resolutions will be considered to authorize the board to allot and issue additional shares, subject to certain conditions. These measures are aimed at strengthening the company’s governance and operational framework.

Trigiant Group Secures Key 5G Infrastructure Contract with China Mobile

Trigiant Group Limited has announced that its subsidiary, Jiangsu Trigiant Technology Co., Ltd., has been successful in its bid for a centralized procurement project by China Mobile for feeder cable connectors and cluster jumpers for the years 2025 to 2026. This success positions Trigiant as a key supplier in the 5G infrastructure expansion, securing 12.28% and 10.53% of the tenders for feeder cable connectors and cluster jumpers, respectively. This development underscores the company’s strategic role in supporting China Mobile’s 5G deployment, which is significant for its market positioning and future growth prospects.

Trigiant Group Ltd. Reports Reduced Losses Amidst Revenue Growth in 2024

Trigiant Group Ltd. reported its annual results for the year ended December 31, 2024, showing a slight increase in revenue to approximately RMB2,509.2 million despite a slowdown in telecommunication equipment procurement. The company managed to significantly reduce its annual loss to approximately RMB7.9 million, benefiting from decreased impairment losses on trade receivables. However, the gross profit margin decreased to 11.7%, and the board decided not to recommend a final dividend for the year.

Trigiant Group Ltd. Proposes Amendments to Facilitate Virtual Meetings

Trigiant Group Ltd. has announced proposed amendments to its Articles of Association to comply with the Hong Kong Stock Exchange’s Listing Rules. These changes aim to enable virtual attendance and electronic voting at general meetings, pending shareholder approval at the upcoming annual general meeting.

Trigiant Group Ltd. Projects Reduced Financial Loss for 2024

Trigiant Group Ltd. announced an expected financial loss of not more than RMB8.0 million for the year 2024, a significant improvement from the RMB22.5 million loss recorded in 2023. Despite a slight increase in turnover to approximately RMB2.51 billion, the company anticipates a decrease in gross profit due to market competition. However, the impairment losses under the expected credit loss model are estimated to decrease significantly by approximately RMB40 million, indicating improved financial management.

Trigiant Group Schedules Board Meeting for Financial Results and Dividend Discussion

Trigiant Group Limited, a company incorporated in the Cayman Islands, has announced that its board of directors will convene on March 27, 2025. The meeting will focus on approving the audited consolidated results for the year ending December 31, 2024, and discussing the recommendation of a final dividend, among other matters.