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Tokyo Chuo Auction Holdings Ltd.
(1939)
Tokyo Chuo Auction Holdings Ltd. (1939) vs. iShares MSCI Hong Kong ETF (EWH)
Tokyo Chuo Auction Holdings Ltd. Business Overview & Revenue Model
Tokyo Chuo Auction Holdings Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.05M | 62.05M | 57.85M | 72.76M | 79.60M | 80.75M |
| Gross Profit | 44.93M | 48.48M | 46.78M | 53.32M | 68.97M | 70.02M |
| EBITDA | -12.60M | -11.68M | -18.60M | -541.00K | 22.26M | 23.52M |
| Net Income | -19.46M | -19.46M | -26.89M | -8.29M | 8.43M | 8.36M |
Balance Sheet | ||||||
| Total Assets | 394.96M | 394.96M | 396.64M | 466.00M | 581.08M | 594.65M |
| Cash, Cash Equivalents and Short-Term Investments | 76.46M | 76.46M | 69.05M | 67.28M | 108.70M | 153.63M |
| Total Debt | 43.80M | 43.80M | 52.25M | 53.44M | 68.99M | 85.47M |
| Total Liabilities | 170.38M | 170.38M | 157.69M | 202.91M | 297.06M | 308.19M |
| Stockholders Equity | 221.30M | 221.30M | 235.64M | 259.32M | 279.94M | 282.24M |
Cash Flow | ||||||
| Free Cash Flow | 36.48M | 37.05M | -10.93M | -17.25M | -24.19M | 51.60M |
| Operating Cash Flow | 36.59M | 37.16M | -6.16M | -16.52M | -23.29M | 60.79M |
| Investing Cash Flow | 19.00K | 590.00K | -4.55M | -549.00K | 1.69M | -7.36M |
| Financing Cash Flow | -8.42M | -9.56M | -6.88M | -18.65M | -18.74M | 20.01M |
Tokyo Chuo Auction Holdings Ltd. Technical Analysis
Tokyo Chuo Auction Holdings Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$500.58M | 7.97 | 17.60% | 2.76% | 17.38% | 15.93% | |
64 Neutral | HK$510.80M | 33.52 | 1.04% | ― | -36.58% | -84.25% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | HK$167.36M | -237.50 | -0.06% | ― | -14.12% | -104.76% | |
45 Neutral | HK$399.27M | -20.67 | -7.74% | ― | 85.29% | 39.63% | |
44 Neutral | HK$211.68M | -17.52 | -3.11% | ― | 50.72% | -434.09% | |
39 Underperform | HK$448.57M | -13.07 | -3.08% | ― | -33.28% | 91.18% |
Tokyo Chuo Auction Holdings Ltd. Corporate Events
Shangshan Gold International Holdings Limited, incorporated in Hong Kong and listed on the Stock Exchange of Hong Kong, announced a series of senior management and board changes that will take effect on 31 December 2025, reshaping its governance structure and key regulatory roles. Executive director and authorised representative Qian Yuanyuan and independent non-executive director Professor Hu Zuohao will resign for personal reasons, while Dr. Li Jing, an economist with more than a decade of human resources and administration experience, will join as an independent non-executive director on a one-year renewable term with an annual director’s fee of HK$180,000. The changes also entail adjustments to the company secretary, authorised representative, and board committee compositions, signaling a broader refresh of the company’s oversight framework and corporate governance arrangements.
The most recent analyst rating on (HK:1939) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.
Shangshan Gold International Holdings Limited, incorporated in Hong Kong and listed on the Stock Exchange of Hong Kong, operates under a board structure that separates executive, non-executive and independent non-executive oversight, reflecting standard corporate governance practices for listed companies in the region. The company has announced the current composition of its board of directors and the allocation of roles across four key board committees—audit, remuneration, nomination and corporate governance—clarifying which directors serve as chairpersons or members. This disclosure enhances transparency around governance responsibilities and oversight, signaling to investors and other stakeholders how financial reporting, executive pay, board appointments and governance policies are being supervised at the board level.
The most recent analyst rating on (HK:1939) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.
Shangshan Gold International Holdings Ltd. has announced a decrease in shareholding by its controlling shareholder due to an on-market forced sale by a financier. This development may affect the company’s stock market performance, and stakeholders are advised to exercise caution in dealing with the company’s securities.
The most recent analyst rating on (HK:1939) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.
Shangshan Gold International Holdings Ltd. announced that its controlling shareholder, Mr. Huang Shikun, has reduced his shareholding by disposing of 41,408,000 ordinary shares, which constitutes approximately 8.09% of the company’s total issued share capital. Despite this reduction, Mr. Huang remains the controlling shareholder, and the company does not anticipate any negative impact on its business operations due to this transaction.
The most recent analyst rating on (HK:1939) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.
Shangshan Gold International Holdings Limited has announced a change in its registered office address and contact details in Hong Kong, effective from December 4, 2025. This relocation might impact the company’s operational logistics and communication strategies, potentially affecting stakeholders who rely on these contact points for business interactions.
The most recent analyst rating on (HK:1939) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.
Shangshan Gold International Holdings Limited reported a significant increase in revenue for the six months ended September 30, 2025, with unaudited consolidated revenue reaching approximately HK$76.5 million, a 139.8% increase from the same period in 2024. The company also turned a profit of approximately HK$427,000 compared to a loss in the previous year, though no interim dividend was declared. This financial improvement suggests a positive shift in the company’s operational performance and could enhance its positioning within the auction industry.
The most recent analyst rating on (HK:1939) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.
Shangshan Gold International Holdings Limited has announced a positive profit alert, indicating a significant turnaround in its financial performance for the six months ended 30 September 2025. The company expects to report a consolidated net profit of approximately HK$0.4 million, compared to a net loss of HK$1.1 million in the same period of 2024. This improvement is attributed to a 139.8% increase in revenue, driven by substantial growth in its art auction and related business, artwork sales, and a new contribution from its gold-related business.
The most recent analyst rating on (HK:1939) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.
Shangshan Gold International Holdings Limited has announced that its board of directors will meet on November 27, 2025, to approve the unaudited interim results for the six months ending September 30, 2025, and to consider the payment of an interim dividend. This meeting is significant as it will provide insights into the company’s financial performance and potential shareholder returns, impacting its market positioning and stakeholder interests.
The most recent analyst rating on (HK:1939) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.
Shangshan Gold International Holdings Limited has completed the placing of 11,880,000 new shares, representing approximately 2.32% of its enlarged issued share capital, at a price of HK$7.71 per share. The net proceeds of approximately HK$90 million will be used for global channel layout and brand system construction, including the development of flagship stores and branding efforts, as well as technology upgrades and the relocation of the global headquarters. This strategic move aims to enhance the company’s market presence and operational capabilities.
The most recent analyst rating on (HK:1939) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.
Shangshan Gold International Holdings Limited has announced a supplemental agreement to its previous placing agreement, which involves the issuance of new shares under a general mandate. The company has extended the long stop date to fulfill conditions precedent to November 10, 2025, reduced the number of placing shares from 37,825,421 to 11,880,000, and adjusted the placing price to HK$7.71 per share. These changes reflect the company’s response to prevailing market conditions and aim to optimize the share placement process, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (HK:1939) stock is a Hold with a HK$10.50 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.