Ta Yang Group Holdings Limited (1991) AI Stock Analysis

• Market Cap: HK$130.73M
• Dividend Yield: N/A
• Average Volume (3M): 481.20K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.10
• Revenue Growth: -38.26%
• EPS Growth: 35.05%
• Country: HK
• Employees: 715
• Sector: Communication Services
• Sector Strength: 97
• Industry: Auto - Parts
• EPS (TTM): -0.08
• Shares Outstanding: 172,006,700
• 10 Day Avg. Volume: 365,950
• 30 Day Avg. Volume: 481,198
• PEG Ratio: 0.74
• Price to Book (P/B): 41.70
• Price to Sales (P/S): 1.35
• P/FCF Ratio: -34.76
• 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: 37 Underperform
• Price Target: HK$0.68 ▼(-10.13% Downside)

The overall stock score is heavily influenced by the company's poor financial performance, characterized by declining revenues, persistent losses, and high leverage. Technical analysis further supports a bearish outlook with oversold conditions and negative momentum indicators. Valuation metrics are unattractive due to a negative P/E ratio and lack of dividend yield, reinforcing the negative sentiment.

Positive Factors

Diversified Revenue Streams

Diversified revenue streams through manufacturing, trading, and logistics services provide resilience against sector-specific downturns.

Market Reach

International market presence enhances revenue potential and reduces dependency on any single market, supporting long-term growth.

Partnerships with Established Brands

Partnerships with established brands secure steady orders and enhance market presence, contributing to stable earnings.

Negative Factors

Declining Revenues

Declining revenues indicate weakening market demand or competitive pressures, impacting long-term financial health.

High Leverage

High leverage increases financial risk and limits flexibility, potentially affecting the company's ability to invest in growth opportunities.

Negative Cash Flow

Negative cash flow indicates poor cash management and challenges in sustaining operations without external financing.

Ta Yang Group Holdings Limited Business Overview & Revenue Model

Company Description

Ta Yang Group Holdings Limited, an investment holding company, designs, manufactures, and sells silicone rubber input devices in Hong Kong, the People's Republic of China, rest of Asian countries, the United States, Europe, and internationally. It operates through Silicone Rubber and Related Products, and Healthcare and Hotel Services segments. The company's silicone rubber input devices primarily used in consumer electronic devices, keypads for computers and notebooks, mobile phone peripheral products, and automotive peripheral products. In addition, it provides healthcare and hotel services, as well as retail and management services; and trades in silicone rubber. The company was founded in 1991 and is based in Central, Hong Kong. Ta Yang Group Holdings Limited operates as a subsidiary of Lyton Maison Limited.

How the Company Makes Money

Ta Yang Group Holdings Limited generates its revenue through multiple channels, including the sale of manufactured goods, trading activities, and supply chain management services. The company earns money by producing and distributing electrical appliances and electronic components, which are sold to both domestic and international markets. Key revenue streams include direct sales to retailers, partnerships with distributors, and contracts with manufacturers for supply chain logistics. Significant partnerships with established brands and retailers help to secure steady orders and enhance market presence, contributing to the overall earnings of the company.

Ta Yang Group Holdings Limited Financial Statement Overview

Summary

Ta Yang Group Holdings Limited faces significant financial challenges, with declining revenues, persistent losses, high leverage, and poor cash flow generation. These factors collectively indicate a struggling financial state that poses risks to long-term sustainability.

Income Statement

The income statement reveals a challenging financial situation, with declining revenues and negative profitability metrics. Gross profit margin was 12.02% for the latest period, showing a decrease from the prior year. Net profit margin remains negative at -6.56%, indicating ongoing losses. Revenue has decreased over the last two years, with a significant decline from 2022 to 2023. EBIT and EBITDA margins are also negative, reflecting operating inefficiencies.

Balance Sheet

The balance sheet shows a weak equity position and high leverage. The debt-to-equity ratio is significantly high, indicating potential solvency risks. Return on equity is negative due to continued losses. The equity ratio stands at 5.09%, showing a low proportion of assets funded by equity, which raises concerns about financial stability.

Cash Flow

Cash flow analysis highlights severe cash management challenges, with negative operating cash flow and free cash flow in recent periods. The company is struggling to generate cash from operations, reflected in a zero or negative free cash flow. The absence of positive cash flow to net income ratios indicates an inability to convert profits into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	746.63M	970.06M	1.21B	343.54M	362.53M	354.19M
Gross Profit	141.26M	116.59M	93.02M	83.48M	76.28M	77.67M
EBITDA	22.57M	-26.61M	-24.42M	-36.19M	-37.44M	-47.68M
Net Income	-56.91M	-63.63M	-88.03M	-98.06M	-84.90M	-95.83M
Balance Sheet
Total Assets	713.13M	616.02M	699.19M	641.52M	788.45M	786.34M
Cash, Cash Equivalents and Short-Term Investments	7.30M	11.92M	28.02M	24.00M	59.60M	31.80M
Total Debt	240.25M	240.16M	266.07M	261.26M	78.80M	251.59M
Total Liabilities	678.52M	585.62M	631.61M	505.14M	546.51M	508.14M
Stockholders Equity	21.02M	31.35M	74.43M	137.46M	242.46M	275.06M
Cash Flow
Free Cash Flow	6.42M	-37.61M	-6.23M	-57.47M	-85.92M	-4.82M
Operating Cash Flow	18.78M	-25.24M	-1.09M	-52.12M	-75.49M	16.83M
Investing Cash Flow	-27.46M	-8.80M	31.47M	37.48M	130.46M	-2.91M
Financing Cash Flow	-4.43M	3.41M	-29.53M	-29.79M	-19.77M	-81.23M

Ta Yang Group Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.76
• 50DMA: Negative
• 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:1991, the sentiment is Negative. The current price of 0.76 is below the 20-day moving average (MA) of 0.82, below the 50-day MA of 1.08, and below the 200-day MA of 0.98, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 34.47 is Neutral, neither overbought nor oversold. The STOCH value of 20.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1991.

Ta Yang Group Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
1930	58 Neutral	HK$257.40M	13.62	4.80%	1.84%	3.40%	20.78%
6163	51 Neutral	HK$77.38M	-5.20	-11.68%	―	35.28%	25.28%
1241	48 Neutral	HK$120.25M	-6.74	-5.93%	―	-73.61%	-2.33%
6830	47 Neutral	HK$433.45M	8.28	3.56%	1.25%	14.93%	19.84%
6162	41 Neutral	HK$432.00M	-1,030.00	-0.12%	―	23.71%	-112.50%
1991	37 Underperform	HK$130.73M	-1.83	-169.48%	―	-38.26%	35.05%

Ta Yang Group Holdings Limited Corporate Events

Ta Yang Group Holdings Limited Announces Subsidiary Disposal

Ta Yang Group Holdings Limited has announced the disposal of its subsidiary, with WTS 2020 Limited selling 60% of the issued share capital of the Target Company to New Vision International Ltd for £313,415. This transaction means the Target Company will no longer be part of Ta Yang Group’s consolidated financial statements. The disposal was classified as a discloseable transaction under the Listing Rules, requiring reporting and announcement but not shareholder approval. The company acknowledged an error in the timely disclosure of this transaction due to a miscalculation, which was later corrected after queries from the Stock Exchange.

Ta Yang Group Explores Strategic Investment in Real World Assets Platform

Ta Yang Group Holdings Limited has entered into a non-legally binding memorandum of understanding with Coinvex Limited for a potential strategic investment in a service platform focused on real world assets (RWA). This move is part of the company’s strategy to explore digital business opportunities and promote business diversification, aiming to enhance its competitiveness in the digital asset ecosystem and create long-term value for shareholders. The potential investment aligns with the company’s Web4.0 digital finance strategy, although it is not yet legally binding, and the investment may or may not proceed.

Ta Yang Group Enters Strategic Cooperation for Digital Expansion

Ta Yang Group Holdings Limited has entered into a non-legally binding strategic cooperation memorandum of understanding with Ark Holdings (Shenzhen) Group Co., Ltd. to establish a joint venture in Hong Kong. This collaboration aims to develop digital business, focusing on enterprise RWA digital transformation and AI-enabled enterprise overseas expansion. The partnership is expected to expand new business models integrating digital technology with the real economy and enhance the company’s competitiveness by leveraging the partner’s technology and resources.

Ta Yang Group Holdings Limited Provides Update on Share Option Scheme

Ta Yang Group Holdings Limited, a company incorporated in the Cayman Islands, announced supplementary information regarding its share option scheme for the year ended 31 December 2024. As of both 1 January and 31 December 2024, the company had 87,117,800 share options available for grant, representing approximately 6.63% of the total issued shares. No share options were granted during this period, and the announcement does not affect other information in the annual report.

Ta Yang Group Completes Share Subscription, Alters Shareholding Structure

Ta Yang Group Holdings Limited, a company incorporated in the Cayman Islands, has announced the completion of the remaining part of its share subscriptions under a general mandate. The completion of the subscription agreement with Subscriber IV has resulted in changes to the company’s shareholding structure, with a slight dilution of existing shareholders’ percentages. This development may impact the company’s market positioning and stakeholder interests by potentially increasing its capital base and altering control dynamics.

Ta Yang Group Holdings Contemplates Rights Issue for Strategic Growth

Ta Yang Group Holdings Limited has announced a potential rights issue to support its strategic transformation and RWA ecosystem deployment. The funds raised will be used for AI digital human R&D, asset portfolio construction, cryptocurrency purchases, and working capital replenishment, highlighting the company’s commitment to future business development.

Ta Yang Group Completes Share Subscription with Subscriber III

Ta Yang Group Holdings Limited has completed part of its share subscription under a general mandate, specifically the agreement with Subscriber III. This completion, effective as of September 15, 2025, alters the company’s shareholding structure, with Subscriber III now holding a 2.16% stake. The changes in shareholding reflect strategic financial maneuvers that could impact the company’s market positioning and stakeholder interests.