China Shenghai Group Limited (1676) AI Stock Analysis

• Market Cap: HK$81.97M
• Dividend Yield: N/A
• Average Volume (3M): 3.33M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.91
• Revenue Growth: -11.36%
• EPS Growth: 24.75%
• Country: HK
• Employees: 365
• Sector: Industrials
• Sector Strength: 89
• Industry: Packaged Foods
• EPS (TTM): N/A
• Shares Outstanding: 188,444,850
• 10 Day Avg. Volume: 6,288,320
• 30 Day Avg. Volume: 3,327,533
• PEG Ratio: -0.03
• Price to Book (P/B): 0.32
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.24
• 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: 43 Neutral
• Price Target: ―

China Shenghai Group Limited faces significant financial challenges, with ongoing losses and cash flow difficulties being the primary concerns. The technical analysis further reflects a bearish trend, while the negative P/E ratio underscores valuation issues. While the balance sheet shows low leverage, the overall financial stability remains weak, leading to a low overall stock score.

China Shenghai Group Limited Business Overview & Revenue Model

Company Description

China Shenghai Group Limited (1676) is a company operating primarily in the sectors of seafood processing and trading. It specializes in the processing and sale of various seafood products, including but not limited to frozen and canned seafood. The company aims to deliver high-quality seafood products to both domestic and international markets, leveraging its expertise in seafood processing and its robust distribution networks.

How the Company Makes Money

China Shenghai Group Limited generates revenue through the processing and sale of seafood products. Its primary revenue streams include the sale of frozen and canned seafood to wholesalers, retailers, and foodservice companies. The company benefits from its scale of operations and established supply chains, which enable it to source raw seafood materials efficiently. Additionally, the company may engage in partnerships with international distributors to expand its market reach. Key factors contributing to its earnings include the quality and variety of its seafood products, its competitive pricing strategies, and its ability to maintain strong relationships with suppliers and clients.

China Shenghai Group Limited Financial Statement Overview

Summary

China Shenghai Group Limited is experiencing financial pressure with ongoing losses and cash flow challenges. Despite stable revenue, profitability is lacking, and the balance sheet shows some signs of weakening equity. These factors suggest the company needs to address operational efficiencies and cost management to improve financial stability.

Income Statement

China Shenghai Group Limited has shown stability in revenue with minor growth from 2023 to 2024. However, the company is experiencing significant losses as indicated by negative EBIT and net income. The gross profit margin is low at 3.36%, and the net profit margin is negative, highlighting challenges in profitability.

Balance Sheet

The balance sheet reflects a relatively stable financial position with a debt-to-equity ratio of 0.26, indicating low leverage. However, stockholders' equity has decreased over the years, and the equity ratio is at 67.77%, which is reasonable but declining. This suggests a weakening financial structure.

Cash Flow

The company has faced consistent negative free cash flow, indicating challenges in generating cash from operations. The operating cash flow to net income ratio is not calculable due to zero operating cash flow, and the free cash flow growth rate is negative, reflecting operational cash constraints.

Breakdown	Jun 2024	Jun 2023	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	354.86M	353.47M	86.51M	162.72M	472.89M
Gross Profit	11.93M	10.61M	6.63M	28.61M	103.77M
EBITDA	-73.16M	-82.04M	-70.39M	-15.89M	55.19M
Net Income	-79.93M	-100.34M	-97.45M	-32.26M	30.84M
Balance Sheet
Total Assets	263.57M	286.31M	405.98M	499.79M	508.84M
Cash, Cash Equivalents and Short-Term Investments	75.27M	66.48M	176.40M	213.48M	242.58M
Total Debt	45.58M	27.82M	23.82M	17.68M	3.23M
Total Liabilities	85.19M	66.87M	46.99M	53.38M	31.01M
Stockholders Equity	178.58M	219.65M	359.20M	446.42M	477.83M
Cash Flow
Free Cash Flow	0.00	-82.53M	-56.44M	-39.85M	630.00K
Operating Cash Flow	0.00	-82.22M	-53.47M	-32.65M	5.63M
Investing Cash Flow	0.00	684.00K	2.69M	-6.34M	4.18M
Financing Cash Flow	0.00	8.24M	13.84M	9.52M	-1.48M

China Shenghai Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.46
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1676, the sentiment is Positive. The current price of 0.46 is above the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.41, and above the 200-day MA of 0.40, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 71.80 is Negative, neither overbought nor oversold. The STOCH value of 58.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1676.

China Shenghai Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1001	81 Outperform	HK$257.66M	2.88	9.24%	17.78%	-19.85%	-8.43%
0842	80 Outperform	HK$3.52B	5.50	12.91%	5.69%	17.69%	3.08%
2878	68 Neutral	HK$1.12B	14.56	7.58%	―	-26.17%	-48.28%
Sector *	58 Neutral	HK$14.16B	4.53	-3.01%	6.82%	3.67%	-54.16%
1466	51 Neutral	HK$517.50M	―	-14.00%	―	60.41%	-185.00%
0419	44 Neutral	HK$489.07M	―	-83.09%	―	-24.22%	-66.67%
1676	43 Neutral	HK$81.97M	―	-44.56%	―	-11.36%	24.75%

China Shenghai Group Limited Corporate Events

China Shenghai Group Reports Increased Losses in Interim Results

China Shenghai Group Limited reported its unaudited consolidated financial results for the six months ending December 31, 2024. The company experienced a total comprehensive loss of RMB 40,960,000, a slight increase from the previous year’s loss of RMB 40,312,000. Despite a gross profit of RMB 10,348,000, the company faced challenges with increased administrative expenses and a decrease in revenue compared to the same period last year. These results highlight ongoing financial difficulties and may impact the company’s market positioning and stakeholder confidence.

China Shenghai Group Board Restructuring: New Independent Non-Executive Director Appointed

China Shenghai Group Limited has announced changes in its board composition, with the resignation of Mr. He Jian as an Independent Non-Executive Director and the appointment of Ms. Gui Chenghui to the same position. Ms. Gui will also assume roles as chairlady of the Nomination Committee and a member of the Audit and Remuneration Committees. The board expressed gratitude to Mr. He for his contributions and welcomed Ms. Gui, who brings substantial experience in management and business development.

Gaodi Holdings Limited Announces New Board Composition

Gaodi Holdings Limited, listed on the stock exchange under the code 1676, has announced a new composition of its board of directors effective from February 24, 2025. The board comprises both executive directors led by the Chairlady and CEO Ms. Wang Wana, and independent non-executive directors. The announcement also details the membership of the three established board committees, highlighting key roles and responsibilities among directors, which may influence the company’s governance and strategic oversight.

Gaodi Holdings to Review Interim Results and Dividend

Gaodi Holdings Limited has announced that its board of directors will meet on February 28, 2025, to discuss and approve the unaudited interim results for the six months ending December 31, 2024. The meeting will also consider recommending an interim dividend. This announcement signals the company’s ongoing commitment to transparency and could influence investor confidence depending on the results and dividend decisions made.