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

• Market Cap: HK$5.00B
• Dividend Yield: N/A
• Average Volume (3M): 188.27K
• Price to Earnings (P/E): 12.8
• Beta (1Y): 0.90
• 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

• Rating: 64 Neutral
• Price Target: HK$2.00 ▼(-1.48% Downside)

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.

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

Mixed financial performance with strong revenue growth and improved profitability metrics, but significant cash flow volatility and past net losses present challenges. A stable balance sheet and improving equity returns provide a solid foundation, yet 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: Positive
• Last Price: 2.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1476, the sentiment is Positive. The current price of 2.03 is above the 20-day moving average (MA) of 1.98, above the 50-day MA of 1.99, and above the 200-day MA of 1.86, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.60 is Neutral, neither overbought nor oversold. The STOCH value of 93.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	―	HK$138.93B	10.30	7.20%	2.05%	40.99%	145.67%
Sector *	―	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
1456	―	HK$68.08B	17.71	4.10%	0.99%	255.77%	480.60%
1476	―	HK$5.00B	12.77	4.33%	―	58.09%	―
6178	―	HK$88.77B	15.73	5.22%	2.26%	30.38%	2.63%
1375	―	HK$19.82B	36.26	2.14%	1.04%	-28.81%	23.21%
1788	―	HK$37.38B	53.32	4.78%	1.78%	32.03%	154.14%

Hengtai Securities Co., Ltd. Class H Corporate Events

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.

The most recent analyst rating on (HK:1476) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Hengtai Securities Co., Ltd. Class H stock, see the HK:1476 Stock Forecast page.

Hengtai Securities Releases Interim Results for First Half of 2025

Hengtai Securities has announced its unaudited interim results for the six months ending June 30, 2025. The interim results, reviewed by the company’s audit committee, will be published on the HKEXnews and the company’s websites by the end of September 2025. This announcement aligns with the listing rules of the Hong Kong Stock Exchange, ensuring transparency and compliance with regulatory requirements.

The most recent analyst rating on (HK:1476) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Hengtai Securities Co., Ltd. Class H stock, see the HK:1476 Stock Forecast page.

Hengtai Securities Schedules Board Meeting to Review Interim Results

Hengtai Securities Co., Ltd. has announced a board meeting scheduled for August 22, 2025, to discuss and approve the interim results for the first half of 2025 and consider the recommendation of an interim dividend. This meeting could have significant implications for the company’s financial performance and shareholder returns.

Hengtai Securities Approves Bond Issuance to Enhance Market Position

Hengtai Securities Co., Ltd. held its third extraordinary general meeting (EGM) on July 25, 2025, where shareholders voted on key resolutions. The resolutions, which were passed unanimously, included the issuance of science and technology innovation corporate bonds and short-term corporate bonds in the PRC. This move is expected to bolster the company’s financial capabilities and strengthen its position in the securities market, particularly in the science and technology sector.