Quali-Smart Holdings Ltd. (1348) AI Stock Analysis

• Market Cap: HK$191.65M
• Dividend Yield: N/A
• Average Volume (3M): 453.73K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.37
• Revenue Growth: -59.42%
• EPS Growth: 75.90%
• Country: HK
• Employees: 47
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): >-0.01
• Shares Outstanding: 1,474,232,000
• 10 Day Avg. Volume: 271,400
• 30 Day Avg. Volume: 453,733
• PEG Ratio: 0.07
• Price to Book (P/B): 2.47
• Price to Sales (P/S): 1.31
• P/FCF Ratio: 7.91
• 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: 49 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score is primarily impacted by the company's weak financial performance, characterized by declining revenues and negative profit margins. Technical analysis provides some positive signals with the stock trading above key moving averages, but valuation concerns due to a negative P/E ratio and lack of dividend yield weigh heavily on the score.

Quali-Smart Holdings Ltd. Business Overview & Revenue Model

Company Description

Quali-Smart Holdings Ltd. (1348) is a diversified investment holding company based in Hong Kong, focusing primarily on the provision of technology-driven solutions and services across various sectors. The company operates in several industries, including information technology, e-commerce, and smart city initiatives. Quali-Smart is known for its innovative products and services that leverage the latest advancements in technology to enhance operational efficiency and customer experiences.

How the Company Makes Money

Quali-Smart Holdings Ltd. generates revenue through multiple streams, primarily by offering technology solutions and services tailored to meet the needs of various industries. The company earns income from software development, IT consulting, and the sale of proprietary technology products. Additionally, Quali-Smart engages in strategic partnerships with other firms to enhance its service offerings and expand its market reach, allowing for collaborative projects that further boost its revenue. The company may also benefit from government contracts and initiatives related to smart city developments, providing another significant avenue for earnings.

Quali-Smart Holdings Ltd. Financial Statement Overview

Summary

Quali-Smart Holdings Ltd. faces significant financial challenges, with declining revenues and negative profit margins. The high debt-to-equity ratio indicates potential financial risk, although the company has managed to improve its free cash flow. Overall, the financial health of the company is concerning, with a need for strategic improvements to enhance profitability and reduce leverage.

Income Statement

Quali-Smart Holdings Ltd. has experienced a significant decline in revenue, with a negative revenue growth rate of -33.65% in the latest year. The company also shows negative profit margins, with a net profit margin of -24.85% and an EBIT margin of -17.75%, indicating ongoing operational challenges. Despite a gross profit margin of 32.64%, the overall profitability remains weak due to high operating expenses.

Balance Sheet

The company's balance sheet reveals a high debt-to-equity ratio of 1.14, suggesting a significant reliance on debt financing, which could pose financial risks. The return on equity is negative at -46.74%, reflecting poor profitability. However, the equity ratio is relatively stable, indicating that a reasonable portion of the company's assets is financed by equity.

Cash Flow

Cash flow analysis shows a positive free cash flow growth rate of 18.44%, which is a positive sign. The operating cash flow to net income ratio is 0.14, indicating that operating cash flow is not sufficient to cover net losses. The free cash flow to net income ratio is nearly 1, suggesting that the company is managing to convert its net income into free cash flow effectively.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	108.42M	71.93M	177.26M	341.80M	448.65M	485.79M
Gross Profit	23.16M	23.48M	28.00M	44.93M	54.44M	71.59M
EBITDA	-23.93M	-5.55M	-59.61M	-50.01M	-75.13M	-7.62M
Net Income	-74.08M	-17.87M	-73.94M	-72.32M	-94.37M	-35.63M
Balance Sheet
Total Assets	202.58M	164.65M	176.55M	243.88M	381.51M	438.84M
Cash, Cash Equivalents and Short-Term Investments	70.60M	84.03M	78.02M	61.95M	60.48M	98.55M
Total Debt	44.74M	43.55M	38.86M	45.26M	74.70M	58.48M
Total Liabilities	156.56M	126.36M	120.38M	117.41M	182.80M	145.76M
Stockholders Equity	45.88M	38.24M	56.11M	126.39M	198.71M	293.08M
Cash Flow
Free Cash Flow	10.07M	11.93M	23.47M	29.42M	-48.28M	12.08M
Operating Cash Flow	9.81M	11.95M	23.68M	35.10M	-42.12M	13.41M
Investing Cash Flow	-34.11M	-36.00M	-19.86M	13.39M	13.20M	-16.02M
Financing Cash Flow	-6.48M	-7.92M	-8.23M	-47.02M	10.21M	-40.55M

Quali-Smart Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.14
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1348, the sentiment is Neutral. The current price of 0.14 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.14, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.95 is Neutral, neither overbought nor oversold. The STOCH value of 58.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1348.

Quali-Smart Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
8545	50 Neutral	HK$45.31M	-21.11	-1.08%	―	-34.70%	-550.00%
1348	49 Neutral	HK$191.65M	―	-37.89%	―	-59.42%	75.90%
1005	49 Neutral	HK$393.23M	-1.73	-37.46%	4.30%	-13.08%	-21.27%
3830	46 Neutral	HK$57.00M	―	-31.72%	―	-8.50%	4.11%
0765	44 Neutral	HK$176.54M	-9.21	-36.17%	―	-13.96%	64.58%
6918	40 Underperform	HK$134.16M	―	-19.89%	―	84.26%	44.41%

Quali-Smart Holdings Ltd. Corporate Events

Quali-Smart Holdings Secures Unanimous Approval at AGM

Quali-Smart Holdings Limited, a company incorporated in the Cayman Islands, announced the successful passing of all resolutions at its Annual General Meeting (AGM) held on September 29, 2025. The resolutions included the re-election of directors, approval of financial statements, and amendments to the company’s articles of association. The unanimous support from shareholders, with all votes cast in favor, underscores strong stakeholder confidence and positions the company for continued strategic governance and operational advancements.

Quali-Smart Holdings Announces Annual General Meeting and Key Resolutions

Quali-Smart Holdings Limited has announced the details of its upcoming annual general meeting, scheduled for September 29, 2025, in Hong Kong. The meeting will address several key resolutions, including the adoption of audited financial statements, re-election of directors, and authorization of directors’ remuneration. Additionally, the company seeks approval to allot and issue shares, with specific conditions outlined for the exercise of these powers.

Quali-Smart Holdings Proposes Modernization of Articles of Association

Quali-Smart Holdings Limited, a company incorporated in the Cayman Islands, has proposed amendments to its Articles of Association to align with the updated Listing Rules and applicable Cayman Islands laws. The key changes include enabling electronic communication for notices and documents, allowing electronic and hybrid general meetings, facilitating electronic payments, and managing treasury shares more flexibly. These amendments aim to modernize the company’s operations and improve shareholder engagement, pending approval at the upcoming annual general meeting.

Quali-Smart Holdings Completes Major Subsidiary Disposal

Quali-Smart Holdings Limited, a company incorporated in the Cayman Islands, has announced the completion of a major transaction involving the disposal of its entire equity interest in a subsidiary. This transaction was finalized on August 31, 2025, as per the terms of the Sale and Purchase Agreement, marking a significant step in the company’s strategic realignment.

Quali-Smart Holdings’ EGM Resolutions Unanimously Approved

Quali-Smart Holdings Limited announced that all resolutions proposed at their Extraordinary General Meeting (EGM) held on August 8, 2025, were unanimously approved by shareholders. The resolutions included the approval, ratification, and confirmation of an agreement and the authorization for any director to execute necessary documents related to the agreement. The voting process was managed by Tricor Investor Services Limited, and all directors were present at the meeting. The successful passing of these resolutions signifies a positive step for the company’s strategic initiatives and operational plans.