Fu Shou Yuan International Group (1448) AI Stock Analysis

• Market Cap: HK$6.06B
• Dividend Yield: 19.7%
• Average Volume (3M): 10.42M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.68
• Revenue Growth: -28.00%
• EPS Growth: -129.57%
• Country: US
• Employees: 2,198
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Personal Products & Services
• EPS (TTM): -0.13
• Shares Outstanding: 2,319,863,500
• 10 Day Avg. Volume: 9,627,122
• 30 Day Avg. Volume: 10,424,527
• PEG Ratio: -0.41
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 3.96
• P/FCF Ratio: 12.61
• 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: 61 Neutral
• Price Target: HK$3.00 ▲(8.30% Upside)

Fu Shou Yuan International Group's overall stock score is primarily influenced by its strong financial performance, characterized by a robust balance sheet and efficient cash flow management. However, the technical analysis indicates bearish momentum, with the stock being oversold and trading below key moving averages. The high dividend yield provides some support to the valuation, despite a relatively high P/E ratio. The absence of recent earnings call data and corporate events limits additional insights.

Positive Factors

Robust balance sheet / low leverage

Low financial leverage and a high equity ratio provide durable financial flexibility. This balance sheet strength supports financing cemetery development, absorbing demand volatility, funding capex or M&A, and sustaining distributions without forcing distressed asset sales over the next several quarters.

Strong operating cash flow and free cash flow

Consistently strong operating cash generation and positive free cash flow underpin the company's ability to fund land purchases, facility build-outs and recurring capex internally. This cash conversion reduces refinancing reliance and supports stable operations and strategic expansion over months.

Sustained gross and net margins

Persistently healthy gross and net margins reflect effective cost control and pricing power in funeral and memorial services. Margin resilience cushions profitability against revenue variability and helps preserve cash flow and ROE while management addresses top-line weakness.

Negative Factors

Large recent revenue decline

A roughly 28% drop in reported revenue signals a material deterioration in demand or recognition timing. Sustained revenue contraction erodes scale economics, pressures unit profitability, and can delay cemetery project paybacks and near-term expansion plans unless top-line trends stabilize.

Severe EPS contraction

More than 100% EPS decline indicates sharp deterioration in reported earnings, raising concerns about recurring profitability drivers. Such a drop can strain dividend coverage, limit reinvestment capacity, and signal either one-off write-downs or structural margin pressures needing management remediation.

Decline in net income and EBIT margin

Falling EBIT and net income margins point to margin compression, possibly from mix shifts, rising costs, or weaker pricing. If persistent, margin erosion will reduce free cash flow and ROE, constraining capital allocation choices and slowing long-term growth execution until margins recover.

Fu Shou Yuan International Group Business Overview & Revenue Model

Company Description

Fu Shou Yuan International Group Limited, together with its subsidiaries, primarily provides burial and funeral services in the People's Republic of China. It operates through Burial Services, Funeral Services, and Other Services segments. The Burial Services segment sells burial plots; and offers cemetery maintenance services. The Funeral services segment engages in the planning of funeral arrangement; and interment, organizing, and hosting of the funeral. The Other Services segment produces and sells cremation machines and related maintenance services; and provides landscape and garden design, and construction services. It also offers flowers and related designing services; and sales and after-sales service for cremation devices. In addition, the company sells agricultural products. As of December 31, 2021, it operated 32 cemeteries and 30 funeral facilities. Fu Shou Yuan International Group Limited was founded in 1994 and is headquartered in Shanghai, the People's Republic of China.

How the Company Makes Money

Fu Shou Yuan generates revenue through multiple key streams, primarily from its funeral service offerings which include burial and cremation services. The company earns income from the sale of grave plots and memorial products, such as urns and tombstones. Additionally, it benefits from service fees associated with funeral planning and related consulting services. Significant partnerships with local governments and real estate developers further enhance its market position, allowing for expansion into new cemetery locations and the development of integrated funeral service facilities, thereby contributing to overall revenue growth.

Fu Shou Yuan International Group Financial Statement Overview

Summary

Fu Shou Yuan International Group demonstrates solid financial health with strong profitability and a stable balance sheet. While revenue and profit margins have faced recent pressures, the company's low leverage and robust cash flow generation provide a solid foundation for future growth. The company should focus on reversing the recent downward trend in revenue and profitability to enhance its financial standing further.

Income Statement

Fu Shou Yuan International Group has shown consistent revenue growth over the years, although there was a revenue decline in 2024. The gross profit margin and net profit margin have remained strong, indicating efficient cost management. However, the recent decline in net income and EBIT margin suggests challenges in maintaining profitability.

Balance Sheet

The company exhibits a robust balance sheet with a low debt-to-equity ratio, indicating low financial leverage. The equity ratio is high, showcasing a strong financial position with significant equity backing its assets. Return on Equity (ROE) is healthy but has seen some fluctuations.

Cash Flow

Operating cash flow has been strong, with a high operating cash flow to net income ratio, reflecting efficient cash generation from operations. The free cash flow to net income ratio is also strong, although free cash flow growth has varied. The company manages its capital expenditures effectively, maintaining positive free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.59B	2.08B	2.63B	2.17B	2.33B	1.89B
Gross Profit	947.97M	1.35B	1.82B	1.44B	1.54B	1.67B
EBITDA	442.93M	967.50M	1.51B	1.15B	1.21B	1.04B
Net Income	-187.08M	373.13M	791.24M	658.60M	720.03M	620.06M
Balance Sheet
Total Assets	7.24B	8.18B	8.67B	7.82B	7.41B	6.68B
Cash, Cash Equivalents and Short-Term Investments	2.11B	2.83B	3.24B	2.46B	2.33B	2.22B
Total Debt	134.80M	161.76M	281.81M	97.66M	88.60M	122.75M
Total Liabilities	2.37B	2.03B	2.09B	1.70B	1.73B	1.54B
Stockholders Equity	4.29B	5.56B	5.92B	5.48B	5.04B	4.57B
Cash Flow
Free Cash Flow	325.71M	652.93M	1.06B	767.87M	816.77M	715.93M
Operating Cash Flow	450.02M	731.63M	1.10B	852.93M	992.37M	822.35M
Investing Cash Flow	515.53M	130.84M	-362.13M	413.24M	-648.30M	-1.11B
Financing Cash Flow	-1.56B	-1.08B	-387.52M	-399.54M	-502.49M	-486.38M

Fu Shou Yuan International Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.77
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1448, the sentiment is Negative. The current price of 2.77 is above the 20-day moving average (MA) of 2.74, below the 50-day MA of 2.81, and below the 200-day MA of 3.05, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 29.75 is Positive, neither overbought nor oversold. The STOCH value of 14.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1448.

Fu Shou Yuan International Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0922	62 Neutral	HK$253.24M	9.12	2.99%	9.17%	-7.05%	-43.44%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1448	61 Neutral	HK$6.06B	-29.97	-3.58%	19.70%	-28.00%	-129.57%
6966	55 Neutral	HK$475.00M	-65.07	-3.06%	1.10%	-38.66%	-161.86%
8296	48 Neutral	HK$32.13M	-6.18	-3.96%	―	15.60%	62.35%

Fu Shou Yuan International Group Corporate Events

Fu Shou Yuan Reshapes Board and Appoints Chief Development Strategist

Fu Shou Yuan International Group Limited has announced significant board and management changes effective 27 January 2026, including the re-designation of independent non-executive director Ho Man as an executive director and his concurrent appointment as Chief Development Strategist. Ho, a veteran with nearly three decades of experience in private equity and finance and a strong track record in investment management, will step down from his roles on the audit and compliance committees but remain on the nomination committee, and will serve under a three-year service contract with performance-linked remuneration. In parallel, executive director Tan Leon Li-an has been re-designated as a non-executive director while retaining his positions as vice chairman of the board and member of the remuneration committee, reflecting a reshaping of the board’s executive and oversight structure that is likely aimed at strengthening Fu Shou Yuan’s strategic development capabilities while maintaining continuity in its leadership and governance framework.

The most recent analyst rating on (HK:1448) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Fu Shou Yuan International Group stock, see the HK:1448 Stock Forecast page.

Fu Shou Yuan Outlines Board and Committee Structure

Fu Shou Yuan International Group Limited has announced the current composition of its board of directors, listing three executive directors, four non-executive directors and five independent non-executive directors, with Chairman Mr. Bai Xiaojiang and Vice-Chairman Mr. Tan Leon Li-an among the key members. The company also detailed the structure and membership of its four board committees—Audit, Remuneration, Nomination and Compliance—clarifying which directors chair and serve on each, a move that enhances transparency of its governance framework and provides investors with clearer visibility into oversight responsibilities and board accountability.

The most recent analyst rating on (HK:1448) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Fu Shou Yuan International Group stock, see the HK:1448 Stock Forecast page.

Fu Shou Yuan International Group Announces Board Composition

Fu Shou Yuan International Group Limited has announced the composition of its Board of Directors, detailing the roles and functions of each member. This announcement underscores the company’s commitment to strong governance and strategic oversight, potentially impacting its operational effectiveness and stakeholder confidence.

The most recent analyst rating on (HK:1448) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Fu Shou Yuan International Group stock, see the HK:1448 Stock Forecast page.

Fu Shou Yuan Announces Leadership Restructuring with New Co-CEO System

Fu Shou Yuan International Group Limited has announced a change in its executive leadership, effective December 12, 2025. The company has removed Mr. Wang Jisheng from his position as CEO to better align its management with future development strategies, while Mr. Wang will continue as an executive Director and member of the nomination committee. To enhance operational efficiency, the company has introduced a Co-CEO system, appointing Mr. Jin Leiyi and Mr. Ma Jianting as Co-CEOs. This strategic move is expected to bolster the company’s management structure and support its growth objectives.

The most recent analyst rating on (HK:1448) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Fu Shou Yuan International Group stock, see the HK:1448 Stock Forecast page.

Fu Shou Yuan Announces Board Changes with New Appointments

Fu Shou Yuan International Group Limited announced the resignation of Mr. Luo Zhuoping as an independent non-executive director and chairman of the remuneration committee due to age reasons, effective December 11, 2025. Mr. Shi Xiaobei has been appointed as the new chairman of the remuneration committee, and Mr. Huang James Chih-Cheng has been appointed as an alternate director for Mr. Tan Leon Li-an, effective December 10, 2025. These changes in the board are expected to bring new perspectives and maintain the company’s governance standards.

The most recent analyst rating on (HK:1448) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Fu Shou Yuan International Group stock, see the HK:1448 Stock Forecast page.

Fu Shou Yuan Clarifies Typographical Error in Director Appointment Announcement

Fu Shou Yuan International Group Limited issued a clarification regarding a typographical error in the Chinese version of their announcement about the appointment of independent non-executive directors. The error has been corrected, and the English version remains accurate, ensuring stakeholders are informed of the correct details.

The most recent analyst rating on (HK:1448) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Fu Shou Yuan International Group stock, see the HK:1448 Stock Forecast page.

Fu Shou Yuan Appoints New Independent Non-Executive Directors

Fu Shou Yuan International Group Limited has announced the appointment of three new independent non-executive directors, Mr. Shi Xiaobei, Mr. Chen Gui, and Mr. Ng Michael Chiu Ho, effective from November 21, 2025. These appointments are part of changes in the composition of the company’s board committees, indicating a strategic move to strengthen its governance and oversight capabilities. The new directors bring extensive experience in investment, legal, and financial sectors, which could enhance the company’s strategic direction and operational effectiveness.

The most recent analyst rating on (HK:1448) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Fu Shou Yuan International Group stock, see the HK:1448 Stock Forecast page.

Fu Shou Yuan Announces Board Composition and Roles

Fu Shou Yuan International Group Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement provides clarity on the leadership structure, potentially impacting the company’s strategic decisions and governance, which could influence stakeholder confidence and the company’s market positioning.

The most recent analyst rating on (HK:1448) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on Fu Shou Yuan International Group stock, see the HK:1448 Stock Forecast page.