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VCREDIT Holdings Limited
(2003)
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Rating:49Neutral
Price Target:
HK$0.95
▲(6.18% Upside)
Action:Reiterated
Date:07/29/26
The score is held down primarily by weak financial performance quality (2025 net loss and volatile profitability) and a clearly bearish technical trend (price below all major moving averages). Strong recent cash flow and a very high dividend yield provide some support but do not fully offset the earnings deterioration and negative price trend.
Positive Factors
Cash generation
Sizable positive operating and free cash flow in 2025 indicates the business can generate internal funding for operations, repay or restructure liabilities, and support distributions. Durable cash generation provides flexibility across cycles and underpins capital allocation decisions over months.
Negative Factors
Profitability deterioration
The swing to a material net loss undermines earnings durability and indicates structural pressures on margins or elevated credit/provisioning. Persistent negative profitability erodes reinvestment capacity and may force tougher capital or business decisions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sizable positive operating and free cash flow in 2025 indicates the business can generate internal funding for operations, repay or restructure liabilities, and support distributions. Durable cash generation provides flexibility across cycles and underpins capital allocation decisions over months.
Read all positive factors
VCREDIT Holdings Limited (2003) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$432.63M
Dividend Yield28.09%
Average Volume (3M)112.03K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth9.41%
EPS Growth-219.96%
CountryHK
Employees796
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-1.15
Shares Outstanding489,459,780
10 Day Avg. Volume67,879
30 Day Avg. Volume112,026
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.28
Price to Sales (P/S)0.57
P/FCF Ratio0.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
VCREDIT Holdings Limited Business Overview & Revenue Model
Company Description
VCREDIT Holdings Limited functions as an investment holding company, specializing in providing consumer financial services to prime and near-prime borrowers throughout China. Its product portfolio encompasses credit card balance transfers and vari...
VCREDIT Holdings Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.92B | 2.73B | 2.84B | 1.77B | 2.98B |
| Gross Profit | 2.64B | 2.73B | 1.47B | 1.24B | 1.97B |
| EBITDA | -313.60M | 0.00 | 0.00 | 748.90M | 1.56B |
| Net Income | -559.81M | 478.17M | 453.91M | 532.47M | 1.18B |
Balance Sheet | |||||
| Total Assets | 9.33B | 11.71B | 11.93B | 10.10B | 11.28B |
| Cash, Cash Equivalents and Short-Term Investments | 2.09B | 1.69B | 1.64B | 2.13B | 2.45B |
| Total Debt | 3.06B | 2.27B | 5.62B | 4.54B | 7.01B |
| Total Liabilities | 5.38B | 7.10B | 7.77B | 6.28B | 7.88B |
| Stockholders Equity | 3.95B | 4.61B | 4.17B | 3.82B | 3.39B |
Cash Flow | |||||
| Free Cash Flow | 2.54B | 1.42B | -1.37B | 3.01B | -1.04B |
| Operating Cash Flow | 2.57B | 1.46B | -1.34B | 3.04B | -1.02B |
| Investing Cash Flow | -184.09M | 45.83M | 70.36M | -176.11M | -122.74M |
| Financing Cash Flow | -2.69B | -714.17M | 580.52M | -3.18B | 1.55B |
VCREDIT Holdings Limited Technical Analysis
Negative
0.89
Price Trends
0.92
Negative
1.10
Negative
1.77
Negative
Market Momentum
>-0.01
Negative
43.98
Neutral
40.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2003, the sentiment is Negative. The current price of 0.89 is below the 20-day moving average (MA) of 0.90, below the 50-day MA of 0.92, and below the 200-day MA of 1.77, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.98 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2003.
VCREDIT Holdings Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | HK$602.00M | 11.49 | 5.52% | 5.43% | -8.15% | 14.16% | |
78 Outperform | HK$700.40M | 7.76 | 6.16% | 5.46% | 32.46% | 9.09% | |
68 Neutral | HK$359.90M | 5.24 | 2.91% | 4.88% | -7.97% | 53.91% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | HK$3.84B | 7.67 | 11.07% | 6.60% | 3.01% | 16.01% | |
49 Neutral | HK$432.63M | -0.66 | -12.87% | 28.09% | 9.41% | -219.96% | |
43 Neutral | HK$529.74M | -2.70 | -21.38% | ― | 0.02% | -107.29% |
* Financial Sector Average
HK:2003
VCREDIT Holdings Limited
0.89
-2.24
-71.57%
HK:2051
51 Credit Card Inc.
0.32
-0.15
-32.63%
HK:0900
AEON Credit Service (Asia) Co., Ltd.
9.05
2.23
32.70%
HK:1577
Quanzhou Huixin Micro-credit Co., Ltd. Class H
1.03
0.09
10.04%
HK:1669
Global International Credit Group Ltd.
1.50
0.84
125.56%
HK:6866
Zuoli Kechuang Micro-finance Co. Ltd. Class H
0.31
-0.02
-4.69%
VCREDIT Holdings Limited Corporate Events
VCREDIT Drops Planned Acquisition of Portuguese Bank BPG After Regulatory Setback
Aug 7, 2026
VCREDIT Holdings Limited has terminated its planned acquisition of up to 100% of Banco Português de Gestão, S.A. after a required regulatory condition was not satisfied by the agreed deadline. The decision releases both VCREDIT and the s...
VCREDIT Warns of Sharp Profit Drop Amid Tighter China Fintech Rules
Aug 5, 2026
VCREDIT Holdings Limited, a Hong Kong-listed fintech lender serving the Chinese consumer credit market, operates online loan facilitation services in cooperation with commercial banks. Its revenue and earnings are closely tied to loan origination ...
VCREDIT Shareholders Unanimously Approve AGM Resolutions and Capital Mandates
Jun 12, 2026
Shareholders of VCREDIT Holdings Limited overwhelmingly approved all ordinary resolutions at the company’s annual general meeting held on 12 June 2026 in Hong Kong, including the adoption of the 2025 audited financial statements and the re-e...
VCREDIT Tightens Governance With Updated Nomination Committee Mandate
Jun 12, 2026
VCREDIT Holdings Limited has updated the terms of reference for its nomination committee, originally established in 2018, to clarify its mandate in identifying and recommending board candidates, overseeing board performance evaluations and setting...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.