Prinx Chengshan Holdings Limited (HK:1809)
:1809
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Prinx Chengshan Holdings Limited
(1809)
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Rating:74Outperform
Price Target:
HK$7.50
▼(-5.54% Downside)
Action:Reiterated
Date:04/09/26
The score is driven primarily by solid fundamentals (multi-year growth and stronger balance sheet into 2024, despite 2025 margin/earnings softening and higher debt) and a very attractive valuation (very low P/E and high dividend yield). Technical indicators are mixed with only modest momentum support, which tempers the overall score.
Positive Factors
Consistent multi-year revenue growth
Sustained revenue expansion across 2020–2025 indicates durable end-market demand and successful distribution in both replacement and OEM channels. This supports better capacity utilization, scale economics and the ability to invest in product lines, helping revenue resilience over the next 2–6 months and beyond.
Negative Factors
2025 earnings and margin step-down
A material decline in margins and earnings in 2025 signals structural pressure on profitability, possibly from cost inflation or mix shifts. If margins remain compressed, the company faces weaker internal funding for capex and dividends and a longer path to rebuild returns to prior levels.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent multi-year revenue growth
Sustained revenue expansion across 2020–2025 indicates durable end-market demand and successful distribution in both replacement and OEM channels. This supports better capacity utilization, scale economics and the ability to invest in product lines, helping revenue resilience over the next 2–6 months and beyond.
Read all positive factors
Prinx Chengshan Holdings Limited (1809) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.41B
Dividend Yield8.39%
Average Volume (3M)108.93K
Price to Earnings (P/E)3.5
Beta (1Y)0.44
Revenue Growth7.65%
EPS Growth-16.88%
CountryHK
Employees6,818
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)1.71
Shares Outstanding638,645,000
10 Day Avg. Volume91,700
30 Day Avg. Volume108,933
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)0.62
Price to Sales (P/S)0.38
P/FCF Ratio7.90
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)2.58
Revenue Forecast (FY)HK$12.69B
Prinx Chengshan Holdings Limited Business Overview & Revenue Model
Company Description
Prinx Chengshan Holdings Limited functions as an investment holding company, with its group of subsidiaries primarily engaged in the design, production, commerce, and supply of tires. Its extensive market reach spans the People's Republic of China...
How the Company Makes Money
The company primarily makes money by manufacturing and selling tires. Its main revenue stream is sales of tire products across key categories: (1) truck and bus radial (TBR) tires, which are sold to commercial fleet customers and the replacement m...
Prinx Chengshan Holdings Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
68
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.81B | 10.97B | 9.95B | 8.15B | 7.54B |
| Gross Profit | 2.14B | 2.33B | 2.12B | 1.17B | 1.04B |
| EBITDA | 1.68B | 1.87B | 1.71B | 833.18M | 574.07M |
| Net Income | 1.09B | 1.31B | 1.03B | 393.78M | 276.30M |
Balance Sheet | |||||
| Total Assets | 11.79B | 11.02B | 10.60B | 9.99B | 9.10B |
| Cash, Cash Equivalents and Short-Term Investments | 1.25B | 704.57M | 726.28M | 1.24B | 835.97M |
| Total Debt | 1.74B | 809.26M | 2.14B | 3.12B | 2.79B |
| Total Liabilities | 4.53B | 4.48B | 5.17B | 5.53B | 5.18B |
| Stockholders Equity | 7.19B | 6.54B | 5.43B | 4.45B | 3.92B |
Cash Flow | |||||
| Free Cash Flow | 564.12M | 667.78M | 558.58M | 208.12M | -1.02B |
| Operating Cash Flow | 1.12B | 1.25B | 996.80M | 805.42M | 382.13M |
| Investing Cash Flow | -553.08M | -515.28M | -306.31M | -681.67M | -1.34B |
| Financing Cash Flow | -163.12M | -733.82M | -1.13B | 89.88M | 1.14B |
Prinx Chengshan Holdings Limited Technical Analysis
Negative
7.94
Price Trends
7.72
Negative
7.82
Negative
7.64
Negative
Market Momentum
-0.26
Positive
34.47
Neutral
36.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1809, the sentiment is Negative. The current price of 7.94 is above the 20-day moving average (MA) of 7.36, above the 50-day MA of 7.72, and above the 200-day MA of 7.64, indicating a bearish trend. The MACD of -0.26 indicates Positive momentum. The RSI at 34.47 is Neutral, neither overbought nor oversold. The STOCH value of 36.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1809.
Prinx Chengshan Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$4.41B | 3.52 | 15.61% | 8.39% | 7.65% | -16.88% | |
73 Outperform | HK$146.57B | 14.28 | 24.34% | 4.35% | 16.74% | 24.19% | |
65 Neutral | HK$33.45B | 10.45 | 12.26% | 1.39% | 11.26% | 15.82% | |
62 Neutral | HK$10.49B | 12.79 | 4.88% | 1.02% | 7.11% | 65.26% | |
62 Neutral | HK$9.15B | 20.71 | 8.42% | ― | 11.61% | -12.63% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$11.41B | 74.17 | 8.45% | 1.37% | 24.97% | 0.39% |
* Consumer Cyclical Sector Average
HK:1809
Prinx Chengshan Holdings Limited
6.96
-0.67
-8.78%
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50.50
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3.96
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TUHU Car Inc. Class A
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-38.52%
Prinx Chengshan Holdings Limited Corporate Events
Prinx Chengshan Shareholders Approve All AGM Resolutions and HK$0.50 Dividend
Jun 22, 2026
Prinx Chengshan Holdings reported that all resolutions at its 22 June 2026 annual general meeting were passed by poll with overwhelming shareholder support. Investors approved the 2025 audited financial statements, reappointed PricewaterhouseCoope...
Prinx Chengshan boosts Malaysia tire capacity with RMB 86.96 million equipment deal
Apr 30, 2026
Prinx Chengshan Holdings’ subsidiary Prinx Malaysia has signed two purchase contracts with an equipment vendor to buy all-steel and semi-steel tire hydraulic curing presses for a combined consideration of RMB 86.96 million, payable in instal...
Prinx Chengshan Sets 2026 AGM to Approve Dividend, Board Mandates and Share Issue Authority
Apr 28, 2026
Prinx Chengshan Holdings Limited has called its annual general meeting for June 22, 2026, in Rongcheng City, Shandong Province, to present its 2025 audited financial statements and seek shareholder approval for a final dividend of HK$0.50 per shar...
Prinx Chengshan Strengthens Governance With Overhaul of Audit and Risk Committee
Mar 30, 2026
Prinx Chengshan Holdings has updated its governance structure by formalizing and amending the terms of reference for its Audit and Risk Management Committee, effective 30 March 2026. The committee, renamed from the Audit Committee, will comprise o...
Prinx Chengshan Elevates ESG Role in Board-Level Strategy Committee
Mar 30, 2026
Prinx Chengshan Holdings has updated the governance framework for its board-level committee overseeing corporate development by renaming the Development Strategy and Risk Management Committee as the Development Strategy and ESG Committee, effectiv...
Prinx Chengshan Publishes Audited 2025 Annual Results and Report Timetable
Mar 30, 2026
Prinx Chengshan Holdings Limited has released its audited annual results for the year ended 31 December 2025, along with the full 2025 annual report. The report, which complies with Hong Kong listing requirements, will be accessible on the company...
Prinx Chengshan Declares HK$0.50 Final Dividend and Outlines Tax Treatment for Non-Resident Shareholders
Mar 30, 2026
Prinx Chengshan Holdings Limited has declared a final ordinary cash dividend of HKD 0.5 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars on 7 August 2026 to shareholders on record as of 30 July 2026. The timeta...
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.
Disclaimer
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.