Hengtai Securities Co., Ltd. Class H (1476) AI Stock Analysis

• Market Cap: HK$4.82B
• Dividend Yield: N/A
• Average Volume (3M): 188.27K
• Price to Earnings (P/E): 12.3
• Beta (1Y): 0.94
• Revenue Growth: 58.09%
• EPS Growth: N/A
• Country: HK
• Employees: 2,491
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 0.10
• Shares Outstanding: 450,846,000
• 10 Day Avg. Volume: 74,700
• 30 Day Avg. Volume: 188,266
• PEG Ratio: 0.12
• Price to Book (P/B): 0.60
• Price to Sales (P/S): 2.12
• P/FCF Ratio: -4.14
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: HK$2.00 ▲(4.71% Upside)

Hengtai Securities Co., Ltd. receives a moderate score of 64. The company's financial performance shows potential with revenue growth and improved profitability, but cash flow volatility is a concern. Technical analysis indicates a positive trend, while valuation suggests the stock is reasonably priced. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Revenue Growth

The company's significant revenue growth indicates strong market demand and effective business strategies, enhancing its competitive position.

Improved Equity Returns

Improved return on equity suggests better utilization of resources, indicating efficient management and potential for higher shareholder value.

Stable Financial Base

A stable financial base provides resilience against market volatility and supports long-term strategic investments and growth initiatives.

Negative Factors

Cash Flow Volatility

Volatile cash flows can hinder the company's ability to invest in growth opportunities and meet financial obligations, impacting long-term stability.

Low Net Profit Margin

A low net profit margin limits profitability and can constrain reinvestment in business operations, affecting future growth potential.

Declining Equity Ratio

A declining equity ratio may indicate increased financial risk, reducing the company's ability to withstand economic downturns and financial stress.

Hengtai Securities Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Hengtai Securities Co., Ltd. Class H (1476) is a comprehensive financial services firm based in China, primarily engaged in providing a wide range of financial services including brokerage, investment banking, asset management, and wealth management. The company serves individual and institutional clients, catering to their diverse financial needs across the capital markets. Hengtai Securities aims to leverage technology and innovation to enhance its service offerings and customer experience in the competitive financial landscape.

How the Company Makes Money

Hengtai Securities generates revenue through multiple key streams. The primary source of income comes from brokerage fees charged on securities trading for retail and institutional clients. Additionally, the company earns fees from investment banking activities, which include underwriting services for public offerings and advisory services for mergers and acquisitions. Asset management services also contribute to revenue, with management fees collected from managing client portfolios and investment funds. Hengtai Securities may engage in proprietary trading, generating profits from its own investments in various financial instruments. Significant partnerships with other financial institutions and technology providers can enhance its service capabilities and broaden its client base, thereby positively impacting its earnings.

Hengtai Securities Co., Ltd. Class H Financial Statement Overview

Summary

Hengtai Securities Co., Ltd. shows mixed financial performance. Revenue growth and improved profitability metrics are positive, but cash flow volatility and past net losses present challenges. A stable balance sheet and improving equity returns provide a strong foundation, but effective cash flow management is crucial.

Income Statement

The company shows a fluctuating revenue trajectory with a notable revenue increase of 37% in 2024. However, the net profit margin remains low due to high expenses relative to revenue, and there was a significant net loss in 2022. Recent improvements in EBIT and gross profit margins are promising, but the absence of EBITDA data for 2024 limits a comprehensive assessment.

Balance Sheet

The company maintains a moderate debt-to-equity ratio indicating a balanced leverage, but the equity ratio has declined over time. The return on equity has improved in 2024, suggesting better utilization of equity. The consistent stockholders' equity indicates a stable financial base despite fluctuations in debt levels.

Cash Flow

The cash flow statement shows significant volatility, with negative operating and free cash flows in 2024, highlighting cash management issues. The company had positive free cash flow and operating cash flow in earlier years, but recent declines raise concerns about cash sustainability. The operating cash flow to net income ratio is unfavorable, indicating inefficiencies in converting income to cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.16B	2.35B	1.97B	2.23B	3.21B	3.14B
Gross Profit	2.16B	2.17B	1.81B	2.23B	3.21B	932.21M
EBITDA	0.00	748.63M	671.73M	-1.32B	1.17B	1.24B
Net Income	301.94M	176.28M	64.14M	-1.29B	279.25M	474.09M
Balance Sheet
Total Assets	43.19B	39.98B	31.20B	31.02B	37.24B	33.60B
Cash, Cash Equivalents and Short-Term Investments	14.16B	14.21B	12.20B	11.31B	15.11B	14.24B
Total Debt	8.85B	10.03B	8.09B	8.28B	10.87B	9.82B
Total Liabilities	34.26B	31.27B	23.01B	22.84B	27.52B	24.16B
Stockholders Equity	8.54B	8.30B	8.05B	8.00B	9.32B	9.03B
Cash Flow
Free Cash Flow	-690.89M	-1.20B	-280.82M	2.00B	623.66M	1.10B
Operating Cash Flow	-605.86M	-1.12B	-201.80M	2.10B	779.93M	1.22B
Investing Cash Flow	399.82M	-315.01M	577.38M	-973.33M	-466.14M	-2.08B
Financing Cash Flow	183.04M	1.65B	-371.82M	-1.61B	-344.16M	617.22M

Hengtai Securities Co., Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.91
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1476, the sentiment is Negative. The current price of 1.91 is above the 20-day moving average (MA) of 1.89, below the 50-day MA of 1.93, and above the 200-day MA of 1.87, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 44.55 is Neutral, neither overbought nor oversold. The STOCH value of 61.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1476.

Hengtai Securities Co., Ltd. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6806	70 Outperform	HK$137.36B	7.55	8.79%	2.90%	61.94%	127.55%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
1456	67 Neutral	HK$64.17B	15.64	4.95%	1.11%	365.12%	170.00%
1476	64 Neutral	HK$4.82B	12.31	4.33%	―	58.09%	―
6178	61 Neutral	HK$82.11B	13.31	5.22%	2.58%	30.38%	2.63%
1375	60 Neutral	HK$19.22B	20.47	3.28%	1.22%	-36.99%	181.79%
1788	49 Neutral	HK$25.49B	36.36	4.78%	2.61%	32.03%	154.14%

Hengtai Securities Co., Ltd. Class H Corporate Events

Hengtai Securities Announces Major Governance Changes at EGM

Hengtai Securities Co., Ltd. held its fourth extraordinary general meeting (EGM) on November 25, 2025, where several significant changes were approved. The meeting resulted in the abolishment of the supervisory committee, amendments to the articles of association, changes in board membership, and the appointment of a new vice president and chief financial officer. These changes reflect a strategic shift in the company’s governance and operational structure, potentially impacting its market positioning and stakeholder engagement.

Hengtai Securities Announces Board Composition and Committee Roles

Hengtai Securities Co., Ltd., operating under the name Financial Street Securities Co., Limited in Hong Kong, has announced the composition of its board of directors and their respective roles within the company. The board consists of executive, non-executive, and independent non-executive directors, with Mr. Zhu Yanhui serving as the Chairman. The announcement also details the membership of four key board committees: Strategy and Investment, Risk Control and Supervisory, Audit, and Remuneration and Nomination, highlighting the leadership roles within each committee. This update provides stakeholders with clarity on the governance structure and leadership responsibilities within the company, which is crucial for maintaining transparency and effective oversight in its operations.

Financial Street Securities Enhances Governance with New Audit Committee

Financial Street Securities Co., Limited, a joint stock company incorporated in China, has established an audit committee to enhance its internal control capabilities and corporate governance structure. The audit committee, composed of non-executive directors, is tasked with reviewing internal controls, coordinating audits, and ensuring effective supervision by the board over management operations. This move is expected to strengthen the company’s governance and oversight, aligning with regulatory standards and potentially improving stakeholder confidence.

Hengtai Securities Announces Board Elections at Upcoming EGM

Hengtai Securities Co., Ltd. Class H, operating as Hengtou Securities, is holding its 2025 fourth extraordinary general meeting (EGM) in Beijing, China. The meeting will address the election of new board members, including Mr. Yin Guohong as an executive director, Mr. Xie Xin as a non-executive director, and Mr. Qi Liang as an independent non-executive director. This meeting is crucial for the company’s governance as it seeks to solidify its leadership structure moving forward.

Hengtai Securities Announces Board Restructuring

Hengtai Securities Co., Ltd. announced the resignation of two non-executive directors, Mr. Li Ye and Ms. Yang Qin, due to work arrangements. The company also proposed the election of Mr. Yin Guohong as an Executive Director, Mr. Xie Xin as a Non-executive Director, and Mr. Qi Liang as an Independent Non-executive Director for the fifth session of the Board. These changes are expected to influence the company’s strategic direction and governance structure.

Financial Street Securities Announces CFO Retirement

Financial Street Securities Co., Limited announced the retirement and resignation of its Chief Financial Officer, Mr. Sun Hang, effective 31 October 2025, due to reaching the statutory retirement age. Mr. Yin Guohong, the company’s president, will temporarily assume the CFO role until a new appointment is made. The board expressed gratitude for Mr. Sun’s contributions, and there are no disagreements or issues noted regarding his departure.

Hengtai Securities Proposes Governance Restructuring

Hengtai Securities Co., Ltd. Class H has announced a series of proposed amendments to its corporate governance structure, including the abolishment of the Supervisory Committee. The responsibilities of the Supervisory Committee will be transferred to the Audit Committee under the Board, aligning with the new Company Law of the People’s Republic of China effective from July 2024. These changes are aimed at enhancing corporate governance and are accompanied by amendments to the Articles of Association and various procedural rules, impacting the company’s operational framework and stakeholder engagement.

Hengtai Securities Announces 2025 Extraordinary General Meeting

Hengtai Securities Co., Ltd., operating in the financial services industry, has announced the convening of its 2025 fourth extraordinary general meeting (EGM) to discuss and vote on several key resolutions. These include the abolishment of the Supervisory Committee, amendments to the Articles of Association, and updates to various management systems and policies. The meeting, scheduled for November 25, 2025, in Beijing, reflects the company’s ongoing efforts to streamline its governance structure and enhance operational transparency, potentially impacting its corporate governance and stakeholder engagement strategies.

Financial Street Securities Co., Limited Announces Name Change

Financial Street Securities Co., Limited has officially changed its company name from Hengtai Securities Co., Ltd. to Financial Street Securities Co., Limited, effective from October 28, 2025. This change includes a new stock short name for trading on the Hong Kong Stock Exchange, while the stock code remains unchanged. The name change does not affect shareholder rights, and existing share certificates will remain valid.

Hengtai Securities Rebrands as Financial Street Securities

Financial Street Securities Co., Limited, formerly Hengtai Securities Co., Ltd., has officially changed its company name following shareholder approval and completion of registration procedures. This change, effective from September 9, 2025, also includes amendments to the Articles of Association and reflects the company’s strategic rebranding efforts to enhance its market presence.