Tian Tu Capital Co., Ltd. Class H (1973) AI Stock Analysis

• Market Cap: HK$514.58M
• Dividend Yield: N/A
• Average Volume (3M): 394.64K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.61
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 77
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.12
• Shares Outstanding: 173,258,000
• 10 Day Avg. Volume: 2,000
• 30 Day Avg. Volume: 394,640
• PEG Ratio: 0.15
• Price to Book (P/B): 0.37
• Price to Sales (P/S): -3.55
• P/FCF Ratio: 4.57
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: HK$2.50 ▼(-15.82% Downside)

Tian Tu Capital Co., Ltd. has a low overall stock score due to significant financial challenges, including negative revenue trends and poor profitability. Technical analysis indicates bearish momentum, with the stock trading below key moving averages. The negative P/E ratio further highlights valuation concerns. These factors collectively suggest a high-risk investment with limited upside potential.

Positive Factors

Diversified Revenue Streams

The company's diversified revenue model reduces dependency on a single income source, enhancing stability and resilience against sector-specific downturns.

Strategic Partnerships

Partnerships expand Tian Tu Capital's investment reach and expertise, potentially leading to better investment opportunities and returns.

Asset Management Focus

A focus on diverse sectors allows the company to capitalize on growth opportunities in various industries, mitigating sector-specific risks.

Negative Factors

Negative Revenue Trends

Continued negative revenue trends indicate challenges in market competitiveness and demand, potentially impacting long-term growth.

Poor Profitability

Sustained negative profitability suggests inefficiencies in operations and cost management, which could hinder future investment and expansion.

Cash Flow Volatility

Volatile cash flow can strain financial resources, affecting the company's ability to invest in growth and manage liabilities effectively.

Tian Tu Capital Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Tian Tu Capital Co., Ltd. is a private equity and venture capital firm specializing in investments in small and medium sized companies in early-stage, mature, and Pre-IPO stages. It primarily invests in the field of consumer products sector covering consumer upgrade, innovative consumption, recreational, cultural and sports consumption, new retail, consumer finance and consumer technology. The firm primarily invests in China. It invests a minimum of RMB 50 million ($8.1 million) per portfolio company. The firm prefers to be a lead investor. Tian Tu Capital Co., Ltd. was founded in 2002 and is based in Shenzhen, China with additional offices in Beijing, China; Shanghai, China; and Hong Kong. It operates as a subsidiary of Shenzhen Tiantu Investment Management Co., Ltd.

How the Company Makes Money

Tian Tu Capital generates revenue through multiple streams, primarily from management fees charged on the assets under management (AUM) in its investment funds. Additionally, the company earns performance fees based on the returns generated for its investors. The firm also engages in direct investments, acquiring stakes in promising companies across its focus sectors, which can yield significant capital gains. Strategic partnerships with other financial institutions and venture firms enhance its investment capabilities, while advisory services provided to external clients contribute further to its income. Overall, the combination of management fees, performance incentives, direct investment gains, and advisory services forms the core of Tian Tu Capital's revenue model.

Tian Tu Capital Co., Ltd. Class H Financial Statement Overview

Summary

Tian Tu Capital Co., Ltd. faces significant financial challenges, particularly in revenue generation and profitability. The income statement reveals negative revenue trends and poor operational efficiency. The balance sheet shows moderate leverage but declining equity ratios and negative returns on equity. Cash flow volatility further complicates the financial outlook.

Income Statement

The company's income statement reveals significant challenges, with a negative revenue trend over recent years, culminating in negative revenue for 2023 and 2024. Gross profit and net income have also been negative, indicating operational difficulties. The EBIT and EBITDA margins are negative, reflecting poor operational efficiency and profitability. The revenue growth rate is negative, highlighting a declining business trajectory.

Balance Sheet

The balance sheet shows a moderate position with a debt-to-equity ratio that suggests manageable leverage. However, the equity ratio has been declining, indicating potential risk in asset financing. The return on equity has been negative in recent years, reflecting poor shareholder returns. Despite these challenges, the company maintains a reasonable level of cash and short-term investments.

Cash Flow

Cash flow analysis indicates volatility, with operating cash flow recovering in 2024 but previously negative. Free cash flow has improved recently but remains inconsistent. The operating cash flow to net income ratio shows some improvement, but the free cash flow to net income ratio remains weak, indicating challenges in converting profits into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	198.78M	-662.24M	-769.09M	1.17B	2.03B	1.13B
Gross Profit	135.95M	-725.07M	-17.93M	136.64M	426.59M	1.08B
EBITDA	68.11M	-802.56M	-876.93M	303.65M	907.58M	1.24B
Net Income	-74.97M	-891.49M	-872.96M	559.28M	719.82M	1.06B
Balance Sheet
Total Assets	13.54B	14.19B	16.72B	17.55B	17.34B	15.76B
Cash, Cash Equivalents and Short-Term Investments	1.47B	1.54B	1.73B	1.14B	2.80B	2.20B
Total Debt	837.33M	1.02B	1.10B	1.11B	2.11B	2.14B
Total Liabilities	7.02B	7.73B	9.40B	10.23B	10.73B	9.70B
Stockholders Equity	6.50B	6.44B	7.30B	7.30B	6.53B	5.76B
Cash Flow
Free Cash Flow	632.85M	513.74M	-259.06M	-225.68M	-917.35M	727.98M
Operating Cash Flow	633.40M	514.58M	-256.73M	-214.72M	-791.00M	931.67M
Investing Cash Flow	86.47M	-110.29M	-134.52M	203.46M	-311.00M	-135.24M
Financing Cash Flow	-523.34M	-319.18M	913.68M	-395.27M	1.31B	-764.69M

Tian Tu Capital Co., Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.97
• 50DMA: Positive
• 100DMA: Negative
• 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:1973, the sentiment is Positive. The current price of 2.97 is above the 20-day moving average (MA) of 2.84, above the 50-day MA of 2.92, and below the 200-day MA of 3.16, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.63 is Neutral, neither overbought nor oversold. The STOCH value of 63.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1973.

Tian Tu Capital Co., Ltd. Class H 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%
0612	42 Neutral	HK$523.08M	-4.65	-20.26%	―	-166.78%	85.53%
1973	41 Neutral	HK$514.58M	-25.34	-1.16%	―	―	―
0033	41 Neutral	HK$223.30M	-14.13	―	―	9.10%	66.31%
1835	40 Underperform	HK$153.34M	-21.51	-2.82%	―	78.92%	75.20%
1226	39 Underperform	HK$317.70M	2.13	65.83%	―	35.11%	―

Tian Tu Capital Co., Ltd. Class H Corporate Events

Tian Tu Capital Announces Major Disposal of Yoplait China Stake

Tian Tu Capital Co., Ltd. has announced a major transaction involving the disposal of its 45.22% minority interest in Yoplait China. The sale, valued at RMB813,913,043, is part of a Share Purchase Agreement with other sellers and a purchaser. This disposal constitutes a major transaction under Hong Kong’s Listing Rules, requiring shareholder approval. Upon completion, Tian Tu Capital will no longer hold any equity interest in Yoplait China, impacting its financial statements by removing this associate interest.

Tian Tu Capital Secures Approval for RMB300 Million Innovation Notes

Tian Tu Capital Co., Ltd. announced it has received approval from the National Association of Financial Market Institutional Investors to issue science and technology innovation notes with a total principal amount of up to RMB300 million. This strategic move allows the company to issue these notes in tranches over the next two years, potentially enhancing its financial flexibility and market positioning.

Tian Tu Capital Issues RMB200 Million Corporate Bonds with Strategic Guarantees

Tian Tu Capital Co., Ltd. announced the issuance of its 2025 non-publicly issued corporate bonds amounting to RMB200 million, with a coupon rate of 2.58% per annum and a term of three years. The bonds are guaranteed by China Securities Credit Financing Guarantee Co., Ltd., with additional security provided by pledges of certain equity securities of unlisted companies held by the Group. A share charge agreement was entered into by Mr. Wang Yonghua, a connected person of the company, to support the guarantee obligations, constituting a connected transaction under the Listing Rules. This transaction is exempt from certain reporting requirements due to its commercial terms.

Tian Tu Capital Completes RMB200 Million Bond Issuance

Tian Tu Capital Co., Ltd. has successfully completed the issuance of its 2025 non-publicly issued corporate bonds to professional investors, raising RMB200 million. This strategic move, with a coupon rate of 2.58% per annum and a three-year term, highlights the company’s ability to attract institutional investors and may strengthen its financial position in the market.

Tian Tu Capital Receives SSE Approval for Bond Issuance

Tian Tu Capital Co., Ltd. announced that it has received a no-objection letter from the Shanghai Stock Exchange for the listing and transfer of its non-publicly issued corporate bonds to professional investors, with a total principal amount not exceeding RMB200 million. The issuance of these bonds, underwritten by Zheshang Securities Co., Ltd., will be subject to market conditions and the company’s discretion, with the no-objection letter valid for 12 months. The company plans to proceed with the issuance in compliance with relevant laws and regulations, while advising securities holders and potential investors to exercise caution.

Tian Tu Capital Approves Change in Use of Global Offering Proceeds

Tian Tu Capital Co., Ltd. announced the results of its 2025 second extraordinary general meeting held on September 17, 2025. The meeting, chaired by Chairman Wang Yonghua, successfully passed an ordinary resolution to change the use of net proceeds from the global offering. The resolution received overwhelming support, with 97.90% of votes in favor. The meeting was conducted in compliance with PRC Company Law, and the voting process was overseen by Tricor Investor Services Limited. This decision reflects the company’s strategic direction and could potentially impact its financial management and stakeholder interests.