Pan Asia Data Holdings, Inc. (1561) AI Stock Analysis

• Market Cap: HK$60.73M
• Dividend Yield: N/A
• Average Volume (3M): 493.21K
• Price to Earnings (P/E): 0.9
• Beta (1Y): -0.82
• Revenue Growth: -41.93%
• EPS Growth: 76.10%
• Country: HK
• Employees: 172
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): >-0.01
• Shares Outstanding: 1,065,454,100
• 10 Day Avg. Volume: 475,200
• 30 Day Avg. Volume: 493,214
• PEG Ratio: >-0.01
• Price to Book (P/B): -2.57
• Price to Sales (P/S): 0.83
• P/FCF Ratio: -0.87
• 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: 39 Underperform
• Price Target: HK$0.06 ▼(-21.43% Downside)
• Action: Downgraded Date: 11/25/25
• Date: Action: Downgraded 11/25/25

The overall stock score of 39 reflects significant financial distress, with severe declines in revenue and profitability, negative equity, and cash flow challenges. Technical analysis indicates bearish momentum, and valuation metrics are poor with a negative P/E ratio. The absence of earnings call data and corporate events further limits positive outlook.

Positive Factors

Recurring revenue model

Subscription, licensing and long-term enterprise contracts create predictable, recurring revenue that supports cash visibility and customer retention. That structural revenue mix can stabilize operations and provide a base for rebuilding margins and investing in growth over several months.

Strategic partnerships & R&D

Partnerships extend distribution, lower go-to-market costs and enable technology co-development, while R&D investment preserves product competitiveness. Together these durable capabilities can accelerate product improvements and market access as the company restructures commercially.

Core gross-margin resilience

Even after a significant revenue contraction, a 59.6% gross margin indicates inherently profitable unit economics for core services. If revenue stabilizes, fixed-cost absorption and efficiency measures could restore operating leverage faster than for low-margin businesses.

Negative Factors

Severe revenue and profit collapse

A 70% revenue collapse and deeply negative net margin reflect structural demand or execution failures that erode scale and pricing power. Such declines impair the company's ability to cover fixed costs, maintain client relationships and execute turnaround plans without significant strategic change or external support.

Negative equity & high leverage

Negative equity indicates liabilities exceed assets, constraining access to capital markets and raising risk of covenant breaches or creditor actions. This capital-structure weakness reduces strategic optionality and makes financing growth or restructuring materially harder in the medium term.

No operating cash flow

Absence of operating cash flow undermines the company's ability to fund payroll, suppliers, and debt service from operations, forcing reliance on external financing or asset sales. That liquidity fragility elevates insolvency risk and limits capacity for sustained investment or recovery.

Pan Asia Data Holdings, Inc. Business Overview & Revenue Model

Company Description

Pan Asia Data Holdings Inc., an investment holding company, manufactures and trades in liquid and powder coatings in the People's Republic of China and internationally. It also offers third-party payment, employee benefit, information technology, and payment related software maintenance services; and engages in the big data business. The company was formerly known as Manfield Chemical Holdings Limited and changed its name to Pan Asia Data Holdings Inc. in December 2019. The company was founded in 1986 and is headquartered in Central, Hong Kong.

How the Company Makes Money

Pan Asia Data Holdings generates revenue through a diversified model that includes subscription fees for its cloud services, licensing fees for its software products, and consulting fees for its data analytics and cybersecurity services. The company has established strategic partnerships with technology firms to enhance its service offerings and reach new markets, which contributes to its earnings. Additionally, recurring revenue from long-term contracts with enterprise clients provides a stable financial foundation, while ongoing investments in research and development allow the company to stay competitive and expand its product portfolio.

Pan Asia Data Holdings, Inc. Financial Statement Overview

Summary

Pan Asia Data Holdings, Inc. is experiencing significant financial difficulties. The income statement reflects substantial revenue and profit declines, with a 70% drop in revenue and a negative net profit margin of -168.1% in 2024. The balance sheet shows negative equity and high leverage, while cash flow challenges are acute with no operating cash flow. The company needs urgent strategic restructuring to address its financial instability.

Income Statement

The income statement shows a sharp decline in revenue and profitability. Over the past year, revenue decreased significantly by 70% from 2023 to 2024. The company has been operating at a loss, with a negative net profit margin of -168.1% in 2024, indicating severe financial distress. Gross profit margin also deteriorated, dropping from 71.4% in 2023 to 59.6% in 2024. EBIT and EBITDA margins are both negative, reflecting operational inefficiencies and a need for cost control.

Balance Sheet

The balance sheet is concerning with a negative stockholders' equity of -$54.3M in 2024, indicating that liabilities exceed assets. The debt-to-equity ratio is not calculable due to negative equity, highlighting financial instability. The equity ratio is negative at -9.9%, showing a lack of equity financing. Although total debt increased, cash reserves have significantly dwindled, posing liquidity risks.

Cash Flow

Cash flow analysis reveals severe cash management issues. There is no operating cash flow in 2024, and free cash flow is also zero, indicating the inability to generate cash from operations. Previous years show negative free cash flow, and the operating cash flow to net income ratio is not calculable due to non-existent cash flow, emphasizing the company's cash flow crisis.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	98.89M	168.83M	563.54M	441.91M	608.16M	622.07M
Gross Profit	53.66M	100.63M	402.39M	349.54M	190.49M	136.76M
EBITDA	-10.39M	-118.18M	-108.70M	-57.80M	-723.55M	-1.25B
Net Income	-30.38M	-283.75M	-59.90M	-85.33M	-238.68M	-627.68M
Balance Sheet
Total Assets	212.35M	549.21M	1.63B	1.67B	1.79B	2.10B
Cash, Cash Equivalents and Short-Term Investments	139.01M	43.35M	144.25M	246.36M	255.68M	577.93M
Total Debt	76.21M	149.20M	68.85M	640.25M	752.95M	695.75M
Total Liabilities	227.70M	585.44M	1.17B	1.16B	1.23B	1.26B
Stockholders Equity	-45.27M	-54.34M	229.72M	202.99M	211.99M	235.00M
Cash Flow
Free Cash Flow	-84.96M	-161.13M	72.20M	-70.19M	-206.10M	-230.22M
Operating Cash Flow	-83.73M	-159.90M	94.28M	-50.75M	-154.00M	-179.17M
Investing Cash Flow	-2.81M	14.10M	-173.27M	-12.79M	-23.33M	30.52M
Financing Cash Flow	70.83M	62.37M	-8.81M	-10.73M	18.95M	-123.41M

Pan Asia Data Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 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:1561, the sentiment is Negative. The current price of 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.25 is Neutral, neither overbought nor oversold. The STOCH value of 30.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1561.

Pan Asia Data Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2116	64 Neutral	HK$379.20M	5.18	7.30%	2.00%	29.04%	-1.55%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
1000	55 Neutral	HK$140.09M	-1.37	-2.05%	―	-13.57%	34.43%
1047	54 Neutral	HK$118.14M	15.57	0.07%	―	5.65%	―
1932	50 Neutral	HK$255.00M	-1.48	-15.93%	―	-25.21%	12.04%
0377	48 Neutral	HK$58.47M	-0.06	―	―	-15.10%	31.07%
1561	39 Underperform	HK$60.73M	0.88	―	―	-41.93%	76.10%

Pan Asia Data Holdings, Inc. Corporate Events

Pan Asia Data Disputes HK$6.18 Million Claim in Winding-Up Petition

Pan Asia Data Holdings Inc. has disclosed further details on a winding-up petition filed against it, revealing that the petitioner is claiming an alleged outstanding sum of HK$6.18 million arising from a series of working capital loan agreements entered into in 2021, out of a total of HK$40 million advanced. The company disputes liability for the alleged principal and accrued interest and stresses that the petitioner is an independent third party with no other material relationship beyond the lender-borrower arrangement. Pan Asia Data has not sought a court validation order for share transfers, noting no legal requirement or shareholder request to do so at this stage, but the board will continue to monitor the case, seek legal advice, and consider contesting the petition or entering discussions with the petitioner to protect the interests of the company and its shareholders.

The most recent analyst rating on (HK:1561) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on Pan Asia Data Holdings, Inc. stock, see the HK:1561 Stock Forecast page.

Pan Asia Data Faces Winding-Up Petition Over HK$6.18 Million Debt

Pan Asia Data Holdings Inc. has disclosed that a winding-up petition has been filed against the company in the High Court of Hong Kong in relation to an alleged unpaid financial obligation of approximately HK$6.18 million. Under Hong Kong’s Companies (Winding Up and Miscellaneous Provisions) Ordinance, if the company is ultimately wound up, any disposition of property directly held by the company and any transfer of its shares made after 19 January 2026 could be rendered void unless validated by the court, prompting the board to warn shareholders and investors that share transfers may be affected and that HKSCC may suspend certain CCASS services involving the company’s shares; Pan Asia Data says it is seeking legal advice and will take necessary actions to defend the litigation, signalling heightened legal and trading risk for stakeholders until the petition is resolved.

The most recent analyst rating on (HK:1561) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on Pan Asia Data Holdings, Inc. stock, see the HK:1561 Stock Forecast page.

Pan Asia Data Clarifies Entry and Full Exit from High-Performing PRC Bond Fund

Pan Asia Data Holdings Inc. has provided supplementary details on its previously disclosed major transactions involving subscriptions for, and subsequent redemptions from, a PRC bond-focused investment fund. Established in 2019 and registered with the Asset Management Association of China, the fund has delivered strong historical performance, with high cumulative returns, low maximum drawdown and solid annualised gains over recent years, investing primarily in local government financing vehicle bonds and sovereign or quasi-sovereign rate bonds. Pan Asia built its stake from zero to 20% through two subscriptions in April and May 2025, then reduced its holding to roughly 19% in July before fully exiting the fund in August 2025, while clarifying that investment decisions were made under a defined governance structure in which a portfolio manager proposes strategies and an investment committee of the fund manager, Foresee Assets Management Co., Ltd., makes final decisions. The clarification sheds light on the underlying asset mix, risk-management framework and governance of the transactions, offering investors greater transparency into how the company’s capital was deployed and subsequently withdrawn from the Chinese bond market.

The most recent analyst rating on (HK:1561) stock is a Sell with a HK$0.06 price target. To see the full list of analyst forecasts on Pan Asia Data Holdings, Inc. stock, see the HK:1561 Stock Forecast page.