Miji International Holdings Limited (1715) AI Stock Analysis

• Market Cap: HK$165.95M
• Dividend Yield: N/A
• Average Volume (3M): 1.92M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.30
• Revenue Growth: -32.54%
• EPS Growth: 71.35%
• Country: HK
• Employees: 69
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): -0.09
• Shares Outstanding: 360,759,900
• 10 Day Avg. Volume: 483,600
• 30 Day Avg. Volume: 1,921,533
• PEG Ratio: 0.01
• Price to Book (P/B): 0.53
• Price to Sales (P/S): 0.24
• P/FCF Ratio: -0.62
• 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: 44 Neutral
• Price Target: HK$0.45 ▼(-8.98% Downside)

The overall stock score of 44 reflects significant financial challenges, including declining revenues and persistent losses. While technical indicators show some potential for upward momentum, the negative P/E ratio and lack of dividend yield highlight valuation concerns. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Diversified multi-channel revenue model

Multiple sales channels and geographic distribution reduce dependence on any single market or channel, providing more resilient revenue streams. This structural diversification supports steadier demand, aids scale and distribution leverage, and helps sustain recovery efforts over the medium term.

Product innovation and supply‑chain strength

A focus on design and supply‑chain capabilities creates a durable competitive edge: faster product cycles, better cost control, and differentiated offerings. These capabilities help maintain pricing competitiveness, customer loyalty, and margin protection across market cycles if execution remains consistent.

Improving EPS growth metric

A strong reported EPS growth rate suggests operational improvements or reduced losses year‑over‑year. If sustained, this trajectory indicates progress toward profitability and can underpin longer‑term investment plans, though conversion to cash and revenue stability are necessary for a durable turnaround.

Negative Factors

Steep revenue decline

A roughly 32% revenue contraction erodes fixed‑cost absorption and scale economics, reducing margin resilience and funding for R&D or marketing. Persistent top‑line weakness increases the difficulty of returning to sustained profitability and risks further market share loss without structural fixes.

Negative operating and free cash flow

Ongoing negative operating and free cash flows constrain internal funding for operations and capital expenditures, forcing reliance on external financing. This structural cash shortfall limits strategic flexibility, slows product investment, and raises default or refinancing risk during prolonged weakness.

Rising leverage and weakening equity

A shrinking equity base alongside higher debt increases leverage and interest burden, reducing financial flexibility. Elevated leverage heightens vulnerability to revenue shocks, may trigger covenant pressure, and constrains the company’s ability to invest or restructure without dilutive or costly financing.

Miji International Holdings Limited Business Overview & Revenue Model

Company Description

AI Health Technology Limited, an investment holding company, engages in the research and development, manufacturing, and trading of kitchen appliances primarily in the People's Republic of China. It provides radiant and induction hobs and stoves, and pots and pans; and other small kitchen appliances and cabinets, such as hoods, kettles, bakery ovens, kitchen cabinets. The company also sells healthcare products; and components of cooking appliances. In addition, it is involved in the events planning and organizing; research and development activities; and distribution of cabinets, electrical appliances, and equipment for kitchen use. It offers its products through distributors, consignment sales, television platforms, and corporate clients, as well as online platforms. The company was formerly known as Volcano Spring International Holdings Limited and changed its name to AI Health Technology Limited in July 2025. AI Health Technology Limited was incorporated in 2017 and is based in Shanghai, China.

How the Company Makes Money

Miji International Holdings Limited generates revenue primarily through the sale of its consumer products, which are distributed both domestically and internationally. The company operates a multi-channel revenue model, which includes direct sales through retail partnerships, online platforms, and export sales to overseas markets. Key revenue streams include the sale of homeware products, electronics, and personal care items. Additionally, Miji International benefits from strategic partnerships with retailers and distributors, enhancing its market reach and enabling bulk sales. The company's focus on product innovation and quality helps to attract a loyal customer base, further contributing to its revenue growth.

Miji International Holdings Limited Financial Statement Overview

Summary

Miji International Holdings Limited is facing significant financial challenges, with declining revenues, persistent losses, and increasing leverage. The company's financial health is under pressure, with negative cash flows and deteriorating balance sheet metrics. These factors suggest a need for strategic restructuring to improve financial stability and performance.

Income Statement

The company has been experiencing declining revenue over the past few years, with a significant decrease from 2019 to 2024. Gross profit margins have also deteriorated, indicating challenges in maintaining profitability. The company has consistently reported negative EBIT and net income, reflecting ongoing operational losses and financial difficulties.

Balance Sheet

The balance sheet shows a concerning trend with decreasing stockholders' equity and increasing debt levels. The debt-to-equity ratio has worsened, indicating higher financial leverage and potential risk. The equity ratio has also declined, suggesting reduced financial stability. These factors highlight the company's increasing reliance on debt financing.

Cash Flow

The cash flow statement reveals negative operating cash flows in recent years, signaling cash flow challenges. The free cash flow has been negative, indicating insufficient cash generation to cover capital expenditures. The operating cash flow to net income ratio is unfavorable, reflecting inefficiencies in converting income into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	59.88M	91.89M	84.37M	88.19M	143.87M	189.38M
Gross Profit	2.59M	6.49M	21.22M	38.49M	65.27M	94.99M
EBITDA	-17.33M	-28.31M	-36.05M	-30.94M	-35.40M	-21.93M
Net Income	-24.20M	-35.85M	-49.32M	-43.21M	-44.35M	-21.13M
Balance Sheet
Total Assets	173.84M	137.47M	165.74M	193.80M	190.72M	246.34M
Cash, Cash Equivalents and Short-Term Investments	45.94M	2.30M	33.95M	11.36M	32.35M	48.18M
Total Debt	50.86M	60.74M	71.40M	79.92M	32.92M	36.65M
Total Liabilities	85.91M	95.08M	107.53M	113.90M	66.58M	73.39M
Stockholders Equity	86.62M	42.06M	58.21M	80.36M	124.27M	168.75M
Cash Flow
Free Cash Flow	-3.68M	-35.37M	13.80M	-76.70M	-13.24M	-23.02M
Operating Cash Flow	-3.61M	-35.21M	14.42M	-75.93M	-11.02M	-19.19M
Investing Cash Flow	-18.00K	-101.00K	-2.00K	15.03M	6.67M	-8.57M
Financing Cash Flow	3.07M	3.63M	8.13M	39.30M	-10.74M	-9.10M

Miji International Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.49
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1715, the sentiment is Negative. The current price of 0.49 is above the 20-day moving average (MA) of 0.48, below the 50-day MA of 0.50, and above the 200-day MA of 0.38, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 30.96 is Neutral, neither overbought nor oversold. The STOCH value of 38.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1715.

Miji International Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2381	69 Neutral	HK$398.00M	15.19	18.10%	6.94%	10.65%	25.96%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0396	52 Neutral	HK$91.31M	5.41	20.69%	8.93%	-13.44%	―
6822	51 Neutral	HK$287.00M	-12.73	-4.25%	9.76%	8.85%	-18.82%
1715	44 Neutral	HK$165.95M	-2.42	-39.50%	―	-32.54%	71.35%
0684	44 Neutral	HK$189.84M	-2.23	-11.32%	31.48%	4.60%	-9.42%
2127	41 Neutral	HK$76.58M	-0.04	―	―	-72.73%	-764.81%

Miji International Holdings Limited Corporate Events

AI Health Technology Reshuffles Board as Independent Director Resigns

AI Health Technology Limited has announced board changes effective 12 January 2026, including the resignation of independent non-executive director Li Wei, who is stepping down from the board and the audit committee to focus on other business commitments. The company has moved to maintain independent oversight by re-designating existing non-executive director Zhang Yuanjie as an independent non-executive director, citing her lack of involvement in daily operations, absence of financial interests in the group, and compliance with Hong Kong listing independence criteria. Zhang, a seasoned corporate consultant with over 20 years of experience in investment, M&A and restructuring across the Asia-Pacific region, has signed a new one-year service contract with annual remuneration of HK$120,000 and will be subject to shareholder re-election, signaling the company’s effort to preserve governance continuity and independent judgment on the board following Li’s departure.

The most recent analyst rating on (HK:1715) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Miji International Holdings Limited stock, see the HK:1715 Stock Forecast page.

AI Health Technology Announces Capital Restructuring

AI Health Technology Limited has announced the effective date of its capital reduction and share sub-division, which took effect on December 1, 2025. This strategic move is expected to optimize the company’s capital structure and potentially enhance shareholder value. Shareholders are invited to exchange their existing share certificates for new ones at no cost during the specified period, although the old certificates will remain valid as proof of ownership.

The most recent analyst rating on (HK:1715) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Miji International Holdings Limited stock, see the HK:1715 Stock Forecast page.