Dalipal Holdings Limited (HK:1921)
:1921
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Dalipal Holdings Limited
(1921)
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Rating:43Neutral
Price Target:
HK$6.00
▼(-19.25% Downside)
Action:ReiteratedDate:01/15/26
Overall score is constrained primarily by weak financial performance, including revenue decline, net losses, and severe cash flow deterioration (no operating cash flow in 2024). Technicals add modest additional pressure as the stock trades below key moving averages with low RSI, while valuation is also unfavorable due to loss-driven negative P/E and no dividend yield data.
Positive Factors
Diversified business model
Operating across manufacturing, real estate and trading gives durable revenue diversification, reducing reliance on any single cyclical market. This structural mix supports resilience over 2-6 months by allowing capital and management focus to shift toward stronger segments as conditions change.
Negative Factors
Operating cash flow collapse in 2024
No operating cash flow in 2024 is a critical structural weakness: it undermines the company’s ability to fund working capital, capex and debt service internally. Over months this forces reliance on external financing, increasing liquidity risk and reducing strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Operating across manufacturing, real estate and trading gives durable revenue diversification, reducing reliance on any single cyclical market. This structural mix supports resilience over 2-6 months by allowing capital and management focus to shift toward stronger segments as conditions change.
Read all positive factors
Dalipal Holdings Limited (1921) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$9.63B
Dividend YieldN/A
Average Volume (3M)1.46M
Price to Earnings (P/E)87.0
Beta (1Y)0.26
Revenue Growth4.66%
EPS Growth-432.65%
CountryHK
Employees1,795
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,506,868,000
10 Day Avg. Volume1,104,440
30 Day Avg. Volume1,460,213
Financial Highlights & Ratios
PEG Ratio1.02
Price to Book (P/B)9.43
Price to Sales (P/S)3.77
P/FCF Ratio-39.01
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)0.24
Revenue Forecast (FY)HK$5.67B
Dalipal Holdings Limited Business Overview & Revenue Model
Company Description
Dalipal Holdings Limited, an investment holding company, develops, manufactures, and sells oil country tubular goods, other oil pipes, and pipe billets in the People's Republic of China and internationally. The company was founded in 1998 and is h...
How the Company Makes Money
Dalipal Holdings Limited generates revenue through multiple key streams. The company earns a significant portion of its income from the manufacturing and sale of electronic components, which are supplied to various industries, including consumer e...
Dalipal Holdings Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.60B | 3.29B | 3.85B | 4.23B | 3.76B | 2.26B |
| Gross Profit | 215.27M | 263.36M | 528.18M | 610.93M | 417.51M | 104.40M |
| EBITDA | 136.11M | 133.26M | 368.23M | 396.66M | 322.36M | 65.85M |
| Net Income | -14.87M | -77.07M | 134.52M | 151.58M | 82.94M | -116.42M |
Balance Sheet | ||||||
| Total Assets | 4.74B | 4.51B | 4.13B | 4.19B | 4.75B | 3.69B |
| Cash, Cash Equivalents and Short-Term Investments | 355.49M | 412.14M | 432.59M | 464.89M | 551.61M | 416.17M |
| Total Debt | 2.53B | 2.22B | 1.78B | 1.95B | 2.47B | 1.92B |
| Total Liabilities | 3.44B | 3.19B | 2.67B | 2.78B | 3.40B | 2.43B |
| Stockholders Equity | 1.30B | 1.32B | 1.46B | 1.40B | 1.35B | 1.26B |
Cash Flow | ||||||
| Free Cash Flow | -56.35M | -318.04M | 308.24M | 681.20M | -370.97M | 270.18M |
| Operating Cash Flow | 32.99M | 10.92M | 434.97M | 764.14M | -286.31M | 376.30M |
| Investing Cash Flow | -73.61M | -292.54M | -147.98M | -79.10M | -26.33M | -100.94M |
| Financing Cash Flow | 50.62M | 271.89M | -318.36M | -739.51M | 431.50M | -533.62M |
Dalipal Holdings Limited Technical Analysis
Negative
7.43
Price Trends
6.23
Positive
6.54
Negative
6.25
Positive
Market Momentum
0.13
Negative
49.29
Neutral
58.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1921, the sentiment is Negative. The current price of 7.43 is above the 20-day moving average (MA) of 6.30, above the 50-day MA of 6.23, and above the 200-day MA of 6.25, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 49.29 is Neutral, neither overbought nor oversold. The STOCH value of 58.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1921.
Dalipal Holdings Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$3.15B | 5.39 | 8.78% | 3.59% | 10.16% | 49.48% | |
66 Neutral | HK$1.13B | 21.20 | 2.87% | 2.83% | -59.96% | -83.53% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | HK$70.32B | 7.80 | 8.45% | 3.59% | 2.58% | 7.10% | |
48 Neutral | HK$8.14B | 452.34 | 1.03% | ― | 17.21% | 59.09% | |
48 Neutral | HK$395.27M | 102.39 | -11.00% | ― | -2.11% | -779.00% | |
43 Neutral | HK$9.63B | 86.96 | -1.14% | ― | 4.66% | -432.65% |
* Energy Sector Average
HK:1921
Dalipal Holdings Limited
6.39
-1.89
-22.83%
HK:3337
Anton Oilfield Services Group
1.05
0.11
12.30%
HK:2883
China Oilfield Services
9.42
4.05
75.39%
HK:3303
Jutal Offshore Oil Services
0.46
-0.11
-18.75%
HK:0568
Shandong Molong Petroleum Machinery
8.88
7.63
610.40%
HK:1623
Hilong Holding Ltd.
0.23
0.12
106.19%
Dalipal Holdings Limited Corporate Events
Dalipal Sells 40% of Saudi Subsidiary and Commits Up to USD144 Million to Dammam Expansion
Jan 12, 2026
Dalipal Holdings Limited has agreed to sell a 40% stake in its Saudi Arabian subsidiary, Dalipal International, to independent third party Zumar for SAR3.0 million, reducing its holding in the unit to 60% as it advances a major project in Dammam. ...
Dalipal Requests Trading Halt Ahead of Inside-Information Transaction Announcement
Jan 12, 2026
Dalipal Holdings Limited has requested a halt in trading of its shares on the Hong Kong Stock Exchange, effective from 9:00 a.m. on 12 January 2026, pending the publication of an announcement regarding a discloseable transaction that qualifies as ...
Dalipal Nears Qualified Supplier Status with Aramco, Bolstering Middle East Strategy
Jan 6, 2026
Dalipal Holdings Limited announced that its products have successfully completed a trial order for Saudi Arabian Oil Company (Aramco), meeting all test indicators and moving into the final internal procedures for supplier qualification, after whic...
Dalipal Wins Key Saudi Licenses for Energy Equipment Project Under Vision 2030
Jan 2, 2026
Dalipal Holdings Limited has secured an Initial Industrial License from Saudi Arabia’s Ministry of Industry and Mineral Resources for its wholly owned subsidiary Dalipal International for Industry, a key regulatory milestone that grants admi...
Dalipal Holdings Updates CEO Compensation Details
Dec 1, 2025
Dalipal Holdings Limited has issued a supplemental announcement regarding the emoluments of its former CEO, Mr. Bai Gongli, for the years 2019 to 2022. This update provides detailed information on his compensation, including salaries, benefits, an...
Dalipal Holdings Commissions New Intelligent Production Line
Nov 10, 2025
Dalipal Holdings Limited has commissioned a new ‘Intelligent Production Line for High-End Energy Equipment Piping’ at its production base in Cangzhou, Hebei Province, China. This development is expected to enhance production efficiency...
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.