Jingrui Holdings Ltd. (1862) AI Stock Analysis

• Market Cap: HK$24.62M
• Dividend Yield: N/A
• Average Volume (3M): 8.21M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.55
• Revenue Growth: -43.92%
• EPS Growth: -90.83%
• Country: HK
• Employees: 2,661
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): -1.40
• Shares Outstanding: 1,538,813,200
• 10 Day Avg. Volume: 9,459,300
• 30 Day Avg. Volume: 8,212,400
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.01
• Price to Sales (P/S): 0.00661
• P/FCF Ratio: 1.00
• 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: Moderate Sell
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: HK$0.02 ▲(60.00% Upside)

Jingrui Holdings Ltd. faces significant financial difficulties, with negative equity and cash flow issues being the most critical concerns. While technical indicators show some positive signs, the company's valuation metrics are concerning, reflecting its unprofitability. The lack of earnings call and corporate events data limits additional insights.

Positive Factors

Strategic Partnerships

Strategic partnerships can facilitate land acquisition and development projects, providing a competitive edge and supporting long-term growth.

Market Focus

Focusing on major urban areas positions the company to capitalize on high demand for residential and commercial real estate, supporting revenue potential.

Product Diversity

Diverse property offerings allow Jingrui to cater to various market segments, enhancing revenue stability and reducing reliance on a single product type.

Negative Factors

Negative Equity

Negative equity indicates severe financial distress, limiting the company's ability to raise capital and posing a risk to long-term viability.

Cash Flow Issues

Lack of positive cash flow from operations suggests operational inefficiencies, hindering the company's ability to invest in growth and meet obligations.

Declining Revenue

Declining revenue reflects challenges in maintaining market position and competitiveness, potentially impacting long-term growth prospects.

Jingrui Holdings Ltd. Business Overview & Revenue Model

Company Description

Jingrui Holdings Limited, an investment holding company, engages in property development business in the People's Republic of China. It operates through Property Development Platform, Capital Platform, and All Other Platforms segments. The company develops residential and commercial properties. It also invests in office buildings and apartments; and provides management and security services to residential and commercial properties. In addition, the company is involved in building decoration engineering, urban infrastructure development, customized decoration, property land investment, hardware and building materials, and information technology businesses. Jingrui Holdings Limited was founded in 1993 and is headquartered in Shanghai, the People's Republic of China.

How the Company Makes Money

Jingrui Holdings generates revenue primarily through the sale of residential properties, including apartments and villas, as well as commercial real estate. The company earns income from pre-sales of properties, where customers pay upfront for units that are under construction. Additionally, Jingrui engages in property leasing, which contributes a steady stream of rental income. The company may also benefit from strategic partnerships with local governments and other businesses, facilitating land acquisition and development projects. Economic factors such as housing demand, regulatory policies, and market conditions also play a significant role in influencing its revenue streams.

Jingrui Holdings Ltd. Financial Statement Overview

Summary

Jingrui Holdings Ltd. is facing severe financial challenges. The income statement shows declining revenues and negative profitability margins. The balance sheet reveals negative equity, indicating financial distress and potential insolvency. The cash flow statement highlights a lack of positive cash flows, suggesting critical operational inefficiencies.

Income Statement

The company has shown a worrying trend in its income statement, with total revenue decreasing from 2022 to 2024. Gross profit margin has turned negative in 2024, indicating cost issues. Net profit margin is substantially negative, and both EBIT and EBITDA margins have deteriorated significantly. Revenue growth has been negative, showing a decline in business operations.

Balance Sheet

The balance sheet reveals a negative stockholders' equity in 2024, indicating severe financial distress. The debt-to-equity ratio is not meaningful due to negative equity, and total liabilities are significantly high compared to assets. The equity ratio has turned negative, highlighting the company's leveraged position and potential insolvency risk.

Cash Flow

The cash flow statement is concerning, with no operating or free cash flow reported in 2024, indicating cash management issues. The company has failed to generate positive cash flow from operations consistently, and there has been a lack of free cash flow growth, reflecting operational inefficiencies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.03B	5.91B	7.29B	7.91B	13.55B	12.78B
Gross Profit	-462.90M	-252.51M	493.05M	153.23M	2.49B	2.56B
EBITDA	-2.03B	-1.27B	-175.41M	-1.35B	1.16B	1.52B
Net Income	-3.53B	-3.00B	-1.72B	-4.27B	127.54M	958.09M
Balance Sheet
Total Assets	28.38B	30.62B	39.51B	47.11B	63.25B	68.32B
Cash, Cash Equivalents and Short-Term Investments	514.75M	734.32M	961.49M	1.46B	3.20B	12.07B
Total Debt	16.55B	16.67B	16.90B	19.65B	23.24B	24.16B
Total Liabilities	29.80B	29.93B	35.30B	40.71B	52.01B	57.02B
Stockholders Equity	-4.87B	-2.87B	152.61M	1.79B	6.04B	6.17B
Cash Flow
Free Cash Flow	26.66M	38.97M	1.34B	345.41M	-4.85B	-1.58B
Operating Cash Flow	31.02M	46.09M	1.34B	358.52M	-4.84B	-1.52B
Investing Cash Flow	8.37M	125.91M	270.83M	729.64M	43.12M	-661.42M
Financing Cash Flow	-104.94M	-288.76M	-1.97B	-2.63B	-3.88B	2.42B

Jingrui Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1862, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.91 is Neutral, neither overbought nor oversold. The STOCH value of 13.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1862.

Jingrui Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
9968	51 Neutral	HK$110.33M	-0.12	―	―	-63.99%	-34.79%
1862	47 Neutral	HK$24.62M	>-0.01	―	―	-43.92%	-90.83%
1064	45 Neutral	HK$54.57M	-2.07	-7.55%	―	5.42%	94.64%
2608	39 Underperform	HK$25.51M	>-0.01	―	―	-31.35%	-41.47%

Jingrui Holdings Ltd. Corporate Events

Jingrui Holdings Reports November 2025 Sales Figures

Jingrui Holdings Ltd. announced its unaudited operating statistics for November 2025, reporting aggregated contracted sales of approximately RMB49 million and a contracted gross floor area of 3,072 square meters. For the eleven months ending November 2025, the company achieved aggregated contracted sales of approximately RMB876 million. These figures are based on preliminary internal data and may differ from future audited financial statements. Investors are advised to exercise caution when interpreting these statistics.

Jingrui Holdings Reports October 2025 Sales Performance

Jingrui Holdings Ltd. announced its unaudited operating statistics for October 2025, reporting aggregated contracted sales of approximately RMB87 million and a contracted gross floor area of about 5,135 square meters. For the first ten months of 2025, the company achieved aggregated contracted sales of approximately RMB827 million. These figures, based on preliminary internal data, highlight the company’s ongoing performance in the real estate market, although investors are cautioned about potential discrepancies with future audited reports.

Jingrui Holdings Updates on Winding-Up Petition Proceedings

Jingrui Holdings Ltd. has announced an update regarding a winding-up petition against the company. The petition hearing took place on October 16, 2025, with the judgment reserved and the delivery date yet to be determined. The company plans to keep its shareholders and potential investors informed about significant developments related to the petition in accordance with the Hong Kong Stock Exchange’s Listing Rules.

Jingrui Holdings Reports September 2025 Sales Figures

Jingrui Holdings Limited, a company incorporated in the Cayman Islands, announced its unaudited operating statistics for September 2025. The company reported aggregated contracted sales of approximately RMB117 million with a gross floor area of 7,910 square meters and an average selling price of RMB14,791 per square meter for the month. For the first nine months of 2025, the company achieved aggregated contracted sales of RMB740 million over a gross floor area of 49,415 square meters, with an average selling price of RMB14,975 per square meter. These figures are preliminary and may differ from future audited financial statements, and investors are advised to exercise caution.

Jingrui Holdings Updates on Action Plans and Clarifies Loan Maturity Dates

Jingrui Holdings Limited has provided a quarterly update on its action plans to address the Disclaimer of Opinion regarding its going concern status. The company has implemented cost-cutting measures, reducing its workforce from 357 to 337 employees between June and September 2025. Additionally, a clarification was made regarding a typographical error in a previous announcement, correcting the maturity date of most additional loans obtained by the company to 2026 instead of 2029. The company continues to work on resolving uncertainties and will provide further updates as necessary.