Dalipal Holdings Limited (1921) AI Stock Analysis

• Market Cap: HK$8.27B
• Dividend Yield: 0.73%
• Average Volume (3M): 6.90M
• Price to Earnings (P/E): 1816.3
• Beta (1Y): 0.32
• Revenue Growth: -16.30%
• EPS Growth: -156.80%
• Country: HK
• Employees: 1,795
• Sector: Energy
• Sector Strength: 45
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): >-0.01
• Shares Outstanding: 1,505,868,000
• 10 Day Avg. Volume: 3,005,062
• 30 Day Avg. Volume: 6,902,020
• PEG Ratio: 0.02
• Price to Book (P/B): 5.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -38.70
• 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

• Rating: 41 Neutral
• Price Target: HK$5.50 ▲(0.18%Upside)

Dalipal Holdings Limited is struggling with financial and technical challenges. The declining revenues and profitability, combined with negative cash flows, are significant concerns. The bearish market momentum further impacts the stock negatively. The negative P/E ratio and modest dividend yield indicate a challenging valuation environment.

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: Negative
• Last Price: 5.49
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

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 5.49 is below the 20-day moving average (MA) of 5.54, below the 50-day MA of 6.30, and below the 200-day MA of 7.39, indicating a bearish trend. The MACD of -0.22 indicates Negative momentum. The RSI at 39.09 is Neutral, neither overbought nor oversold. The STOCH value of 9.80 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	52 Neutral	C$2.96B	-1.55	-3.48%	6.54%	3.13%	-49.39%
1921	41 Neutral	HK$8.27B	1,816.33	-5.55%	0.73%	-16.30%	-156.80%
ATONF	―	$535.12M	19.77	7.26%	10.11%	―	―
CHOLF	―	$7.52B	8.16	7.81%	5.44%	―	―
JUTOF	―	$179.22M	6.24	8.83%	―	―	―
SHANF	―	$554.14M	―	-45.09%	―	―	―
8HL	―	€30.92M	0.99	0.86%	―	―	―

Dalipal Holdings Limited Corporate Events

Dalipal Holdings Boosts Efficiency with New Intelligent Tubing Lines

Dalipal Holdings Limited has announced the successful trial run of its new intelligent tubing production lines in Cangzhou, Hebei Province. These new lines are integrated with advanced systems like IoT and real-time information monitoring, significantly enhancing production efficiency and reducing costs. This development marks a strategic shift towards high-end, customized tubing products, aiming to boost the company’s market competitiveness and profitability. The new technology will also be implemented at the planned Dammam production base in Saudi Arabia, expected to positively impact medium to long-term profitability.

Dalipal Holdings Updates Share Award Plans in Annual Report

Dalipal Holdings Limited announced a supplemental update to its annual report, revealing that under its Share Award Plans, 3,539,589 shares were vested to the top five highest-paid employees and other employees in 2024. This move reflects the company’s commitment to rewarding its workforce, potentially enhancing employee retention and satisfaction, which could positively impact its operational efficiency and market position.

Dalipal Holdings Secures Shareholder Approval for Key Resolutions

Dalipal Holdings Limited successfully passed all ordinary resolutions during its Annual General Meeting held on May 23, 2025. The resolutions included the adoption of the company’s audited financial statements, re-election of directors, re-appointment of KPMG as auditors, and granting mandates for share issuance and repurchase. This outcome reflects strong shareholder support and positions the company for continued strategic governance and operational activities.

Dalipal Holdings Limited Announces Board Composition and Roles

Dalipal Holdings Limited has announced the composition of its board of directors and their respective roles within the company. The board consists of executive, non-executive, and independent non-executive directors, with various members serving on committees such as the Audit and Risk Management Committee, Remuneration Committee, Nomination Committee, and ESG Committee. This announcement provides clarity on the governance structure of Dalipal Holdings Limited, which is crucial for stakeholders to understand the leadership and decision-making framework within the company.

Dalipal Holdings Announces 2025 Annual General Meeting

Dalipal Holdings Limited has announced its upcoming Annual General Meeting, scheduled for May 23, 2025, in Hong Kong. Key agenda items include the adoption of financial statements, re-election of directors, re-appointment of KPMG as auditors, and granting a mandate to issue new shares. This meeting is crucial for the company’s governance and strategic direction, impacting shareholder interests and market operations.