China Partytime Culture Holdings Ltd. (1532) AI Stock Analysis

• Market Cap: HK$186.15M
• Dividend Yield: N/A
• Average Volume (3M): 85.90K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.18
• Revenue Growth: -33.87%
• EPS Growth: -144.63%
• Country: HK
• Employees: 564
• Sector: Consumer Cyclical
• Sector Strength: 59
• Industry: Apparel - Manufacturers
• EPS (TTM): -0.04
• Shares Outstanding: 1,807,263,100
• 10 Day Avg. Volume: 87,900
• 30 Day Avg. Volume: 85,900
• PEG Ratio: 0.02
• Price to Book (P/B): 0.52
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.81
• 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: 45 Neutral
• Price Target: HK$0.00 ▼(-100.00%Downside)

The overall stock score reflects significant financial challenges and weak technical indicators. The company's declining revenues and negative profitability are key concerns, compounded by valuation issues. Technical and valuation concerns further dampen the stock's attractiveness.

China Partytime Culture Holdings Ltd. Business Overview & Revenue Model

Company Description

China Partytime Culture Holdings Limited, an investment holding company, designs, develops, produces, markets, and sells cosplay products and lingerie in the People's Republic of China. The company operates through Wigs, Clothing and Others, and Leasing of Factory Premises segments. It offers roleplaying products, which include party costumes and roleplaying clothes, and wigs inspired by animation characters comprising popular animation, comics, cartoons, traditional fairy tales, films and game characters, and Halloween and Christmas holiday themes; and underwear, as well as leases factory premises. The company markets its products under the Party Time, Secret Temptation, and Styler brand names. It also exports its products to approximately 10 countries and regions, including the United States, Germany, the United Kingdom, Japan, and Australia. The company was formerly known as China Animation Culture Group Holding Co., Ltd. and changed its name to China Partytime Culture Holdings Limited in April 2015. China Partytime Culture Holdings Limited was founded in 2004 and is headquartered in Yichun, the People's Republic of China.

How the Company Makes Money

China Partytime Culture Holdings Ltd. generates revenue primarily through the sale of its entertainment equipment and systems. The company's key revenue streams include direct sales of karaoke machines and game consoles to consumers and business clients, as well as through distribution partnerships and retail channels. Additionally, the company may engage in strategic partnerships with entertainment venues, such as karaoke bars and gaming centers, to supply and maintain their equipment. This combination of direct sales and B2B partnerships allows China Partytime Culture Holdings Ltd. to capitalize on the growing demand for high-quality entertainment experiences.

China Partytime Culture Holdings Ltd. Financial Statement Overview

Summary

The company's financial performance is weak, marked by declining revenues, negative profitability, and cash flow instability. While the balance sheet shows low leverage and some financial stability, the overall financial health is concerning due to ongoing losses and cash management issues.

Income Statement

The company has experienced declining revenues from 2019 to 2024, with a significant drop in revenue from 2023 to 2024. The gross profit margin has decreased over time, reflecting increased cost pressures. Net income has been consistently negative, indicating ongoing challenges in achieving profitability. The negative EBIT and EBITDA margins signal operational inefficiencies. Overall, the income statement reflects financial instability and profitability challenges.

Balance Sheet

The company maintains a relatively strong equity position with a high equity ratio, indicative of financial stability. However, the declining stockholders' equity over the years raises concerns. The debt-to-equity ratio is low, suggesting manageable leverage. Despite a consistent reduction in total assets over time, the company appears to have a stable balance sheet with manageable debt levels but faces challenges in asset management and equity preservation.

Cash Flow

Cash flow from operations has been volatile, with periods of negative free cash flow reflecting cash management challenges. The company’s inability to generate consistent positive operating cash flow raises concerns about its ability to fund operations and investments internally. The free cash flow to net income ratio is concerning due to negative free cash flow, highlighting cash inefficiencies. Overall, the cash flow statement points to liquidity and cash generation issues.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	240.33M	355.68M	301.11M	242.21M	255.25M
Gross Profit	46.59M	87.04M	75.06M	65.99M	64.28M
EBITDA	-18.25M	11.32M	24.54M	25.21M	-38.28M
Net Income	-66.88M	-23.93M	-14.61M	-17.42M	-68.44M
Balance Sheet
Total Assets	417.11M	452.48M	498.03M	487.15M	460.11M
Cash, Cash Equivalents and Short-Term Investments	67.17M	49.88M	47.55M	106.80M	51.90M
Total Debt	25.99M	8.18M	78.09M	101.23M	89.13M
Total Liabilities	53.42M	41.40M	99.03M	122.61M	108.58M
Stockholders Equity	344.23M	383.10M	376.38M	361.18M	351.53M
Cash Flow
Free Cash Flow	-16.52M	34.73M	-34.84M	9.80M	-22.30M
Operating Cash Flow	24.46M	53.84M	5.24M	21.79M	-18.88M
Investing Cash Flow	-37.37M	-11.02M	-33.91M	-60.00K	6.97M
Financing Cash Flow	27.97M	-41.11M	-25.26M	28.99M	-18.11M

China Partytime Culture Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1532, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.12, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.01 is Neutral, neither overbought nor oversold. The STOCH value of -15.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1532.

China Partytime Culture Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$16.70B	11.33	-6.96%	2.94%	1.73%	-24.85%
1906	54 Neutral	HK$522.25M	―	-5.04%	―	46.93%	63.40%
0643	46 Neutral	HK$247.46M	―	-20.75%	―	34.81%	-272.28%
0294	46 Neutral	HK$196.41M	―	-6.04%	2.10%	-20.02%	-24.55%
1532	45 Neutral	HK$186.15M	―	-18.41%	―	-33.87%	-144.63%
1388	44 Neutral	HK$177.41M	―	-19.24%	―	-10.08%	-417.56%
3398	38 Underperform	HK$220.48M	―	-27.12%	―	-3.47%	-33.16%

China Partytime Culture Holdings Ltd. Corporate Events

China Partytime Extends Warrant Issuance Deadline

China Partytime Culture Holdings Limited has announced an extension of the Long Stop Date for the issuance of Warrants under a Specific Mandate. Initially set for June 30, 2025, the deadline has been extended to September 30, 2025, to allow more time for the fulfillment of certain conditions. This extension ensures that the Warrant Subscription Agreement remains in effect, maintaining the company’s strategic financial plans without altering other terms of the agreement.

China Partytime Culture Holdings Ltd. Announces Unanimous Approval of AGM Resolutions

China Partytime Culture Holdings Limited, a company incorporated in the Cayman Islands, held its 2025 Annual General Meeting (AGM) on May 30, 2025. During the AGM, all proposed resolutions were unanimously approved by shareholders, including the re-election of directors and the reappointment of auditors. The meeting was chaired by Executive Director Mr. Teng Hao, with several directors attending in person and others via electronic means. The approval of resolutions reflects strong shareholder support and may positively impact the company’s governance and operational strategies.

China Partytime Culture Holdings Ltd. Announces 2025 AGM and Key Resolutions

China Partytime Culture Holdings Ltd. has announced its 2025 Annual General Meeting (AGM) to be held on May 30, 2025, in Yiwu City, Zhejiang Province, China. The AGM will address several ordinary resolutions, including the approval of the company’s audited financial statements for 2024, the re-election and re-appointment of directors, and the authorization for the board to fix remuneration for directors and auditors. Additionally, the meeting will consider resolutions regarding the issuance and allotment of shares, which could impact the company’s capital structure and shareholder value.

China Partytime Culture Holdings Proposes Amendments to Governance Documents

China Partytime Culture Holdings Limited, a company incorporated in the Cayman Islands, has announced proposed amendments to its Memorandum and Articles of Association. These changes aim to align with the latest regulatory requirements, enhance flexibility in conducting meetings, and allow for the holding of repurchased shares as treasury shares. The proposed amendments are subject to shareholder approval at the upcoming annual general meeting in May 2025.