China Partytime Culture Holdings Ltd. (HK:1532)
:1532
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China Partytime Culture Holdings Ltd.
(1532)
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Rating:50Neutral
Price Target:
HK$0.14
▲(42.00% Upside)
Action:Reiterated
Date:05/06/26
The score is held down primarily by weak financial performance—declining revenue, persistent and widening losses, and 2025 cash burn. Technicals provide the main support with price above key moving averages and constructive momentum, but valuation remains challenged due to negative earnings and no dividend support.
Positive Factors
Conservative balance sheet
A very low and improving debt-to-equity (~0.04 in 2025) provides durable financial flexibility. This reduces solvency risk while the company repairs operations, supports short-term liquidity needs, and preserves optionality for restructuring or selective reinvestment without immediate refinancing pressure.
Negative Factors
Sustained revenue decline
Multi-year top-line contraction erodes scale and weakens leverage over fixed-cost venue footprints. Continued revenue declines increase per-unit cost burdens, constrain marketing and upkeep, and make it harder to return to break-even without meaningful demand recovery or strategic repositioning.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A very low and improving debt-to-equity (~0.04 in 2025) provides durable financial flexibility. This reduces solvency risk while the company repairs operations, supports short-term liquidity needs, and preserves optionality for restructuring or selective reinvestment without immediate refinancing pressure.
Read all positive factors
China Partytime Culture Holdings Ltd. (1532) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$243.98M
Dividend YieldN/A
Average Volume (3M)47.50K
Price to Earnings (P/E)―
Beta (1Y)0.09
Revenue Growth-19.60%
EPS Growth-33.03%
CountryHK
Employees564
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.04
Shares Outstanding1,807,263,100
10 Day Avg. Volume57,300
30 Day Avg. Volume47,500
Financial Highlights & Ratios
PEG Ratio-0.99
Price to Book (P/B)0.69
Price to Sales (P/S)0.92
P/FCF Ratio-2.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 L...
How the Company Makes Money
The company primarily makes money by operating party-style entertainment venues and charging customers for the use of its facilities and related in-venue services. Key revenue streams (such as room/venue usage fees, food and beverage sales, or oth...
China Partytime Culture Holdings Ltd. Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
66
Positive
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 193.63M | 240.33M | 355.68M | 301.11M | 242.21M |
| Gross Profit | 32.18M | 46.59M | 87.04M | 75.06M | 65.99M |
| EBITDA | -30.15M | -18.25M | 11.32M | 24.54M | 25.21M |
| Net Income | -79.78M | -66.88M | -23.93M | -15.14M | -17.72M |
Balance Sheet | |||||
| Total Assets | 280.24M | 417.11M | 452.48M | 498.03M | 487.15M |
| Cash, Cash Equivalents and Short-Term Investments | 68.34M | 67.17M | 49.88M | 50.75M | 106.80M |
| Total Debt | 10.09M | 25.99M | 8.18M | 78.09M | 101.23M |
| Total Liabilities | 21.73M | 53.42M | 41.40M | 99.03M | 122.61M |
| Stockholders Equity | 258.51M | 344.23M | 383.10M | 376.38M | 361.18M |
Cash Flow | |||||
| Free Cash Flow | -76.77M | -16.52M | 34.73M | -34.84M | 9.80M |
| Operating Cash Flow | -38.21M | 24.46M | 53.84M | 5.24M | 21.79M |
| Investing Cash Flow | 51.23M | -37.37M | -11.02M | -33.91M | -60.00K |
| Financing Cash Flow | -8.60M | 27.97M | -41.11M | -25.26M | 28.99M |
China Partytime Culture Holdings Ltd. Technical Analysis
Positive
0.10
Price Trends
0.11
Positive
0.10
Positive
0.11
Positive
Market Momentum
<0.01
Negative
58.74
Neutral
37.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1532, the sentiment is Positive. The current price of 0.1 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.11, and below the 200-day MA of 0.11, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.74 is Neutral, neither overbought nor oversold. The STOCH value of 37.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1532.
China Partytime Culture Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$2.20B | 4.54 | 8.52% | 4.00% | 3.40% | 151.24% | |
64 Neutral | HK$439.50M | 6.47 | -14.53% | ― | -5.61% | ― | |
63 Neutral | HK$2.19B | 1.51 | 15.14% | 12.14% | -0.95% | 2.58% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | HK$243.98M | -1.19 | -28.19% | ― | -19.60% | -33.03% | |
49 Neutral | HK$869.17M | 28.83 | 2.26% | 1.28% | -8.69% | 11.46% | |
46 Neutral | HK$728.21M | -10.94 | -17.17% | ― | -13.06% | -197.89% |
* Consumer Cyclical Sector Average
HK:1532
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China Partytime Culture Holdings Ltd. Corporate Events
China Partytime Culture Posts Wider 2025 Loss on Rising Impairments
Mar 31, 2026
China Partytime Culture Holdings reported revenue of RMB193.6 million from continuing operations for 2025, down from RMB206.4 million a year earlier, with gross profit slipping to RMB32.2 million. The group’s results are presented in Renminb...
China Partytime Culture Sets March Board Meeting to Approve 2025 Results
Mar 11, 2026
China Partytime Culture Holdings will convene a board meeting on 31 March 2026 to review and approve the annual results for the year ended 31 December 2025. The board will also consider whether to recommend a final dividend, a decision that could ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.