Dalipal Holdings Limited (1921) AI Stock Analysis

• Market Cap: HK$9.26B
• Dividend Yield: 0.65%
• Average Volume (3M): 1.07M
• Price to Earnings (P/E): 1816.3
• Beta (1Y): 0.29
• Revenue Growth: 4.15%
• EPS Growth: -432.65%
• Country: HK
• Employees: 1,795
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): -0.01
• Shares Outstanding: 1,505,868,000
• 10 Day Avg. Volume: 926,000
• 30 Day Avg. Volume: 1,072,666
• PEG Ratio: 1.02
• Price to Book (P/B): 9.43
• Price to Sales (P/S): 3.77
• P/FCF Ratio: -39.01
• 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: HK$6.00
• Price Target Upside: -2.44% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 48 Neutral
• Price Target: HK$6.00 ▼(-2.44% Downside)

Dalipal Holdings Limited's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and profitability, and cash flow issues. Technical analysis provides some support with moderate strength, but poor valuation due to negative earnings significantly drags down the score.

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 headquartered in Cangzhou, the People's Republic of China.

How the Company Makes Money

Dalipal Holdings Limited generates revenue through the sale of its seamless steel pipes, which are essential for oil and gas extraction, transportation, and infrastructure projects. The company's key revenue streams include contracts and partnerships with major oil and gas corporations, which rely on Dalipal's products for their durability and reliability in demanding environments. Additionally, Dalipal may engage in long-term supply agreements and leverage its extensive distribution network to ensure steady demand for its products. The company's earnings are significantly influenced by the global demand for energy and the cyclical nature of the oil and gas industry.

Dalipal Holdings Limited Financial Statement Overview

Summary

Dalipal Holdings Limited is facing challenges with declining revenues and profitability. The company's leverage is a concern, and cash flow issues need urgent attention. Stability in equity is a positive aspect, but the negative trends in income and cash flow highlight the need for strategic improvements.

Income Statement

Dalipal Holdings Limited shows a declining revenue trend, with a significant drop in total revenue from 2022 to 2024. The company reported negative net income in 2024, indicating a net loss. Gross profit margin has decreased over the years, and the EBIT and EBITDA margins have also diminished, reflecting declining profitability.

Balance Sheet

The debt-to-equity ratio indicates a moderately leveraged position, with total debt remaining high relative to stockholders' equity. Return on equity has been negative in 2024 due to net losses, which is concerning. The equity ratio is steady, but the overall financial health shows some strain due to ongoing liabilities and declining equity.

Cash Flow

Operating cash flow has significantly deteriorated, with a complete absence of operating cash flow in 2024. The free cash flow has been negative in recent years, showing potential liquidity issues. The company needs to address cash flow generation to stabilize its financial position.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.29B	3.85B	4.23B	3.76B	2.26B
Gross Profit	263.36M	528.18M	610.93M	417.51M	104.40M
EBITDA	133.26M	368.23M	396.66M	322.36M	65.85M
Net Income	-77.07M	134.52M	151.58M	82.94M	-117.90M
Balance Sheet
Total Assets	4.51B	4.13B	4.19B	4.75B	3.69B
Cash, Cash Equivalents and Short-Term Investments	412.14M	432.59M	464.89M	551.61M	416.17M
Total Debt	2.22B	1.78B	1.95B	2.47B	1.92B
Total Liabilities	3.19B	2.67B	2.78B	3.40B	2.43B
Stockholders Equity	1.32B	1.46B	1.40B	1.35B	1.26B
Cash Flow
Free Cash Flow	-318.04M	308.24M	681.20M	-370.97M	270.18M
Operating Cash Flow	10.92M	434.97M	764.14M	-286.31M	376.30M
Investing Cash Flow	-292.54M	-147.98M	-79.10M	-26.33M	-100.94M
Financing Cash Flow	271.89M	-318.36M	-739.51M	431.50M	-533.62M

Dalipal Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 6.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1921, the sentiment is Neutral. The current price of 6.15 is above the 20-day moving average (MA) of 6.05, above the 50-day MA of 5.80, and below the 200-day MA of 7.51, indicating a neutral trend. The MACD of 0.10 indicates Negative momentum. The RSI at 53.58 is Neutral, neither overbought nor oversold. The STOCH value of 35.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1921.

Dalipal Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3337	74 Outperform	3.94B	11.67	6.94%	2.04%	10.16%	49.48%
2883	68 Neutral	55.81B	8.37	7.16%	3.77%	2.58%	7.10%
3303	60 Neutral	1.13B	16.46	8.51%	2.83%	-59.96%	-83.53%
1623	59 Neutral	356.25M	-0.97	―	―	-2.11%	-779.00%
0568	52 Neutral	4.63B	-15.02	-8.88%	―	38.46%	14.55%
1921	48 Neutral	HK$9.26B	1,816.33	-1.68%	0.65%	4.15%	-432.65%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Dalipal Holdings Limited Corporate Events

Dalipal Holdings Limited Reports Improved Interim Financial Results

Dalipal Holdings Limited announced its interim financial results for the six months ending June 30, 2025, showing a 10% increase in revenue to RMB 1,693.6 million compared to the previous year. The company reported a significant improvement in its financial performance, with a gross profit increase of 22.7% and a reduction in net loss by 78.5%, reflecting enhanced operational efficiency and cost management. Despite the loss before taxation, the results indicate a positive trend in the company’s financial health, which could strengthen its position in the industry and provide reassurance to stakeholders.

The most recent analyst rating on (HK:1921) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Dalipal Holdings Limited stock, see the HK:1921 Stock Forecast page.

Dalipal Holdings Schedules Board Meeting for Financial Review

Dalipal Holdings Limited has announced that its board of directors will hold a meeting on August 29, 2025, to review and approve the unaudited financial results for the period ending June 30, 2025. The meeting will also consider the recommendation of an interim dividend, which could impact the company’s financial strategy and shareholder returns.

Dalipal Holdings Reports Significant Financial Turnaround in 2025

Dalipal Holdings Limited has announced a significant improvement in its financial performance for the first half of 2025, with its subsidiary, Dalipal Pipe, reporting an unaudited net profit exceeding RMB5 million. This turnaround is attributed to the company’s strategic shift towards optimizing its product structure and increasing the proportion of high value-added products, leading to enhanced selling prices and gross profit margins. The profit from Dalipal Pipe has helped to substantially reduce the Group’s consolidated net loss by over 70% year-on-year, despite preliminary expenditures for projects such as the one in Saudi Arabia.

Dalipal Holdings Reports Significant Loss Reduction Amid Strategic Adjustments

Dalipal Holdings Limited announced a significant narrowing of its net loss by over 70% for the first half of 2025 compared to the previous year. This improvement is attributed to the company’s strategic adjustments in product structure and the successful turnaround of its subsidiary, Dalipal Pipe Company, from loss to profit. Despite challenges such as intense industry competition and preliminary investments in a new project in Saudi Arabia, the company remains optimistic about its future profitability and competitiveness, bolstered by new production capabilities and market adjustments.