Zero2IPO Holdings, Inc. (1945) AI Stock Analysis

• Market Cap: HK$507.69M
• Dividend Yield: N/A
• Average Volume (3M): 102.24K
• Price to Earnings (P/E): 109.0
• Beta (1Y): 0.93
• Revenue Growth: -21.71%
• EPS Growth: -75.78%
• Country: HK
• Employees: 274
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Conglomerates
• EPS (TTM): -0.05
• Shares Outstanding: 305,070,800
• 10 Day Avg. Volume: 166,120
• 30 Day Avg. Volume: 102,240
• PEG Ratio: -1.39
• Price to Book (P/B): 0.70
• Price to Sales (P/S): 2.11
• P/FCF Ratio: 82.48
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: HK$2.00 ▲(29.03% Upside)

The score is held back primarily by weakening profitability and cash flow concerns (including negative free cash flow), despite a comparatively solid balance sheet. Technicals are supportive but look overbought, while the very high P/E with no dividend yield provided further pressures the overall rating.

Positive Factors

Strong Equity and Low Leverage

A strong equity ratio and low leverage indicate financial stability and lower risk, providing a solid foundation for long-term growth and resilience against economic fluctuations.

Extensive Database and Analytics Platform

The company's robust database and analytics platform offer a competitive advantage by providing valuable insights, enhancing client engagement, and attracting new business opportunities.

Strategic Partnerships

Strategic partnerships expand market reach and collaborative opportunities, strengthening the company's position in the financial services industry and supporting sustainable revenue growth.

Negative Factors

Declining Revenues

Declining revenues indicate challenges in maintaining market share or product demand, which can impact long-term profitability and growth prospects if not addressed.

Negative Free Cash Flow

Negative free cash flow suggests potential liquidity constraints, limiting the company's ability to invest in growth opportunities and meet financial obligations, impacting long-term stability.

Profitability Pressures

Decreased profitability margins highlight operational inefficiencies or cost pressures, which could erode competitive positioning and shareholder value if not managed effectively.

Zero2IPO Holdings, Inc. Business Overview & Revenue Model

Company Description

Zero2IPO Holdings Inc., an investment holding company, provides integrated equity investment services in the People's Republic of China. It operates an integrated service platform that offers data, marketing, investment banking, and training services to participants in the equity investment industry. The company provides PEdata Database, which offers data to limited partners, VC/PE firms, strategic investors, government agencies, law firms, accounting firms, investment banks, research institutions, etc.; and research reports. It also offers omni-channel marketing services through its online information platforms, such as PEdaily; and offline industry events, which track industry trends and facilitate intra- and inter-industry networking. In addition, the company connects entrepreneurs and growth enterprises with investors through Deal-Market, an online investor-entrepreneur matching platform; and offers advisory services for private placements, and mergers and acquisitions, as well as securities sponsorship and underwriting, trading, investment consulting, and asset management services. Further, it provides Zero2IPO Securities mobile application, a secondary market trading platform; various equity investment-related online and offline training courses through SandHill University, SandHill College, and Investment College; and customized training services for institutional customers, especially government agencies, and large enterprises. The company provides its services through online and offline channels for participants in the equity investment industry, including investors, entrepreneurs, growth enterprises, and government agencies. Zero2IPO Holdings Inc. was founded in 2001 and is headquartered in Beijing, the People's Republic of China.

How the Company Makes Money

Zero2IPO Holdings generates revenue primarily through its investment management services, earning management fees and performance-based fees from its venture capital and private equity funds. Additionally, the company monetizes its market research and analytics offerings by providing subscription-based access to its extensive data on startups and investment trends. Significant partnerships with financial institutions and strategic alliances with industry stakeholders further enhance its revenue streams, allowing for collaborative investment opportunities and market insights that attract more clients.

Zero2IPO Holdings, Inc. Financial Statement Overview

Summary

Financials are mixed: the balance sheet is relatively strong (healthy equity ratio and low debt-to-equity), but income trends show weakening profitability (notably negative EBITDA in 2024) and cash flow is a key risk with negative free cash flow and weak cash conversion.

Income Statement

Revenue has shown fluctuations over the years, with a decline in 2024 compared to 2023. Gross Profit Margin remained consistent, although the EBIT and EBITDA margins have experienced a significant decline, especially in 2024 where EBITDA became negative. Net Profit Margin decreased in 2024, reflecting profitability pressures.

Balance Sheet

The company maintains a healthy Equity Ratio, indicating strong asset backing. The Debt-to-Equity Ratio is low, suggesting conservative leverage. Return on Equity has been volatile but remains positive, indicating the capability to generate returns for shareholders despite some profitability challenges.

Cash Flow

Negative Free Cash Flow in 2024 compared to positive prior years signals potential liquidity issues. Operating Cash Flow has been inconsistent, with significant declines in recent periods. The Free Cash Flow to Net Income ratio is concerning, indicating cash flow conversion issues impacting financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	176.08M	192.48M	238.46M	220.63M	207.89M	178.47M
Gross Profit	56.17M	66.98M	95.20M	96.99M	99.12M	103.58M
EBITDA	-1.64M	-4.22M	43.57M	42.09M	31.61M	52.15M
Net Income	4.22M	12.14M	16.13M	20.35M	11.47M	31.45M
Balance Sheet
Total Assets	732.23M	761.61M	739.45M	762.31M	645.80M	557.86M
Cash, Cash Equivalents and Short-Term Investments	528.93M	544.15M	576.20M	561.49M	550.42M	487.94M
Total Debt	59.93M	64.08M	44.13M	46.53M	14.06M	18.30M
Total Liabilities	171.80M	182.62M	171.70M	213.45M	135.09M	126.82M
Stockholders Equity	560.45M	579.56M	568.11M	549.13M	510.71M	431.03M
Cash Flow
Free Cash Flow	1.35M	4.92M	16.73M	7.87M	33.70M	78.02M
Operating Cash Flow	-22.60M	6.28M	20.89M	8.73M	36.18M	78.34M
Investing Cash Flow	-5.44M	-15.63M	-47.31M	-295.97M	-39.19M	-6.66M
Financing Cash Flow	-28.75M	-29.06M	-18.00M	-30.26M	36.37M	310.85M

Zero2IPO Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1945, the sentiment is Positive. The current price of 1.55 is below the 20-day moving average (MA) of 1.58, above the 50-day MA of 1.50, and above the 200-day MA of 1.36, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 60.72 is Neutral, neither overbought nor oversold. The STOCH value of 60.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1945.

Zero2IPO Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
6058	64 Neutral	HK$1.98B	26.05	2.32%	2.11%	20.05%	16.56%
1945	57 Neutral	HK$507.69M	109.03	0.78%	―	-21.71%	-75.78%
0279	50 Neutral	HK$827.14M	-15.78	-499.08%	―	191.15%	-1.98%
3329	46 Neutral	HK$1.05B	-0.91	-99.49%	―	22.37%	20.18%
0397	46 Neutral	HK$104.97M	-0.69	-14.21%	―	-2.07%	-114.10%
3623	44 Neutral	HK$599.13M	-15.94	-9.25%	―	-66.98%	-115.16%

Zero2IPO Holdings, Inc. Corporate Events

Zero2IPO Holdings Completes Major De-SPAC Transaction

Zero2IPO Holdings Inc., a company incorporated in the Cayman Islands, has announced the completion of a significant De-SPAC transaction. The transaction, which closed on December 10, 2025, results in Zero2IPO Holdings Inc. acquiring an indirect interest in 3,750,000 Successor Company Shares and 6,000,000 Successor Company Promoter Warrants. This development marks a strategic move for the company, potentially enhancing its market position and offering new opportunities for growth.

The most recent analyst rating on (HK:1945) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Zero2IPO Holdings, Inc. stock, see the HK:1945 Stock Forecast page.

Zero2IPO Holdings Forms Strategic Partnership for Tech Investments in Hunan

Zero2IPO Holdings, Inc. has announced the formation of a new partnership with Zero2IPO Chuangying, Zero2IPO Ventures, Hunan Caixin, and Hunan Equity Exchange. This partnership aims to invest in technology-driven projects, particularly those led by university students, within Hunan Province’s key industrial sectors. Zero2IPO Chuangying will manage the partnership, with a focus on early-stage investments. The formation of this partnership is classified as a connected transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from independent shareholder approval. This strategic move could enhance Zero2IPO’s positioning in the investment industry by fostering innovation and supporting emerging technologies.

The most recent analyst rating on (HK:1945) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Zero2IPO Holdings, Inc. stock, see the HK:1945 Stock Forecast page.