Tsaker New Energy Tech Co., Limited (1986) AI Stock Analysis

• Market Cap: HK$915.80M
• Dividend Yield: 5.55%
• Average Volume (3M): 214.43K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.44
• Revenue Growth: 0.37%
• EPS Growth: -331.54%
• Country: HK
• Employees: 2,134
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 0.01
• Shares Outstanding: 968,722,500
• 10 Day Avg. Volume: 314,327
• 30 Day Avg. Volume: 214,434
• PEG Ratio: 0.21
• Price to Book (P/B): 0.45
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 12.25
• 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$1.21
• Price Target Upside: 51.25% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: HK$1.00 ▲(25.00% Upside)

The score is driven mainly by weakened profitability and margin pressure despite a generally stable balance sheet and decent operating cash generation. Technicals are supportive with an uptrend, but overbought signals temper upside confidence. Valuation is mixed: an appealing dividend yield is offset by a negative P/E tied to losses.

Positive Factors

Diversified clean-energy product mix

A broad product set across solar, storage and EV charging positions the firm to capture multiple secular growth vectors in electrification and decarbonization. Diversification reduces single-market dependence and supports more stable revenue streams as infrastructure adoption expands.

Solid recent revenue growth

Reported ~37% revenue growth indicates strong top-line momentum and successful market penetration. If sustained, revenue expansion supports scaling efficiencies, capacity utilization and product adoption, which underpin durable margin recovery and longer-term profitability improvements.

Relatively stable balance sheet and cash generation

A healthy equity ratio and stable asset base provide financial resilience through cycles and support investment in R&D and capex. Coupled with solid operating cash generation versus earnings, this enables funding growth initiatives without immediate reliance on dilutive financing.

Negative Factors

Sharply weaker profitability and margin pressure

Sustained margin compression and a recent negative net margin signal structural profitability issues likely from pricing, cost or product mix pressures. Without margin restoration, earnings quality and return on invested capital will remain impaired over the medium term.

Rising leverage

An increase in leverage reduces financial flexibility and raises refinancing and interest-rate risks. Higher debt can constrain capital allocation, limit the ability to pursue strategic investments, and amplify earnings volatility if profitability remains weak.

Inconsistent free cash flow due to capex

Volatile free cash flow driven by capital expenditures limits sustained cash returns and increases funding needs. If capex stays elevated to support growth, the company must either maintain strong operational cash conversion or raise external funds, pressuring long-term cash resilience.

Tsaker New Energy Tech Co., Limited Business Overview & Revenue Model

Company Description

Tsaker New Energy Tech Co., Limited, an investment holding company, manufactures and sells fine chemicals. It operates through four segments: Dye and Agricultural Chemical Intermediates, Pigment Intermediates, Environmental Technology Consultancy Service, and Battery Materials. The Dye and Agricultural Chemical Intermediates segment produces dye intermediate products for use in the production of dye related products, as well as products for use in the production of agricultural chemicals. The Pigment Intermediates segment produces pigment intermediate products. The Environmental Technology Consultancy Service segment engages in the environmental protection activities. The Battery Materials segment manufactures and sells battery materials. The company operates in Mainland China, Indonesia, India, the United States, Germany, Brazil, Spain, Taiwan, Turkey, Japan, Italy, Korea, and internationally. The company was formerly known as Tsaker Chemical Group Limited and changed its name to Tsaker New Energy Tech Co., Limited July 2022. Tsaker New Energy Tech Co., Limited was founded in 1997 and is headquartered in Beijing, the People's Republic of China.

How the Company Makes Money

Tsaker New Energy Tech Co., Limited generates revenue through multiple key streams, primarily from the sale of solar panels, energy storage systems, and related technologies. The company also earns income from the installation and maintenance of its products, offering comprehensive service packages to clients. Significant partnerships with government agencies and private enterprises contribute to its earnings by securing large-scale contracts for renewable energy projects. Additionally, Tsaker benefits from ongoing research and development initiatives, which enhance its product offerings and create opportunities for new revenue through innovative solutions in the expanding green energy market.

Tsaker New Energy Tech Co., Limited Financial Statement Overview

Summary

Financial performance is mixed: profitability has deteriorated with sharply lower gross/EBIT/EBITDA margins and a negative net margin recently (income statement weakness), while the balance sheet remains relatively stable with a healthy equity ratio despite slightly higher leverage. Cash generation is solid versus earnings, but free cash flow has been inconsistent due to capital spending.

Income Statement

The company has experienced fluctuating revenue growth with a recent decline in profitability. The gross profit margin has decreased significantly from previous years, and the net profit margin turned negative in the latest year, indicating challenges in maintaining profitability. EBIT and EBITDA margins have also dropped, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows a stable equity base, but the debt-to-equity ratio has increased slightly, indicating a rise in leverage. The equity ratio remains healthy, suggesting a strong asset base relative to liabilities. However, the return on equity has decreased, reflecting reduced profitability.

Cash Flow

Operating cash flow has improved, but free cash flow growth has been inconsistent. The operating cash flow to net income ratio is strong, indicating good cash generation relative to earnings, but the free cash flow to net income ratio is less favorable due to capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.09B	2.16B	2.07B	2.12B	1.78B	1.28B
Gross Profit	186.58M	215.16M	318.64M	568.45M	540.30M	445.33M
EBITDA	181.49M	195.82M	247.14M	485.66M	438.15M	318.25M
Net Income	-27.42M	-21.10M	29.06M	242.03M	226.24M	144.88M
Balance Sheet
Total Assets	3.24B	3.51B	3.45B	3.20B	2.57B	2.34B
Cash, Cash Equivalents and Short-Term Investments	316.84M	267.69M	300.32M	193.69M	208.69M	102.95M
Total Debt	252.72M	208.59M	317.84M	300.58M	316.36M	353.89M
Total Liabilities	1.28B	1.55B	1.40B	1.10B	677.05M	663.80M
Stockholders Equity	1.75B	1.76B	1.90B	2.04B	1.88B	1.68B
Cash Flow
Free Cash Flow	148.17M	64.26M	-26.87M	92.12M	171.36M	198.41M
Operating Cash Flow	208.61M	173.91M	46.18M	371.50M	235.44M	219.24M
Investing Cash Flow	-39.66M	-31.60M	-133.97M	-285.24M	-77.77M	-39.36M
Financing Cash Flow	-46.22M	-162.53M	185.66M	-79.42M	-79.43M	-185.47M

Tsaker New Energy Tech Co., Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.80
• 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:1986, the sentiment is Positive. The current price of 0.8 is below the 20-day moving average (MA) of 0.84, below the 50-day MA of 0.82, and above the 200-day MA of 0.77, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 67.03 is Neutral, neither overbought nor oversold. The STOCH value of 76.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1986.

Tsaker New Energy Tech Co., Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0640	77 Outperform	HK$883.80M	6.43	20.67%	8.71%	25.95%	44.12%
0408	69 Neutral	HK$1.09B	8.39	3.36%	7.85%	-5.37%	25.20%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
1950	60 Neutral	HK$100.80M	3.99	3.61%	―	-12.19%	108.93%
1986	56 Neutral	HK$915.80M	-31.56	-1.52%	5.55%	0.37%	-331.54%
0301	56 Neutral	HK$606.89M	-17.46	-14.53%	―	0.35%	-153.95%
0701	49 Neutral	HK$361.70M	-3.60	-8.05%	―	-24.13%	-27.54%

Tsaker New Energy Tech Co., Limited Corporate Events

Tsaker New Energy Tech Reports Positive Nine-Month Financials for Subsidiary

Tsaker New Energy Tech Co., Limited announced the review report of its subsidiary, Hebei Tsaker New Materials Technology Company Limited, for the nine months ended September 30, 2025. The report highlights an increase in total assets and net assets attributable to shareholders compared to the previous year. Despite a slight decline in quarterly revenue, the net profit for the nine months showed significant growth, indicating a positive financial trajectory for the subsidiary. Stakeholders are advised to exercise caution and not rely solely on this information for investment decisions.

The most recent analyst rating on (HK:1986) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Tsaker New Energy Tech Co., Limited stock, see the HK:1986 Stock Forecast page.