VCREDIT Holdings Limited (HK:2003)
:2003
Want to see HK:2003 full AI Analyst Report?
Top Page
VCREDIT Holdings Limited
(2003)
Select Model
Select Model
Rating:47Neutral
Price Target:
HK$1.00
â–¼(-60.63% Downside)
Action:Reiterated
Date:05/01/26
The score is held back primarily by weak financial performance quality (2025 loss and multi-year volatility) and bearish technicals (below all major moving averages with negative MACD). Valuation is partially supported by the very high dividend yield, but the negative P/E and recent losses temper that support.
Positive Factors
Revenue Growth Momentum
A 30.2% revenue rebound in 2025 indicates sustained demand recovery and the company's ability to re-expand top-line scale after prior softness. Durable revenue momentum supports operating leverage, underwriting capacity, and long-term recovery of core credit-service volumes if maintained.
Negative Factors
Profitability Collapse
A swing from a healthy net margin to a sizeable net loss in one year signals structural pressures on profitability or cyclical stress in underwriting economics. Persistent negative margins can erode retained capital, constrain reinvestment, and threaten the sustainability of services and dividend policies over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Momentum
A 30.2% revenue rebound in 2025 indicates sustained demand recovery and the company's ability to re-expand top-line scale after prior softness. Durable revenue momentum supports operating leverage, underwriting capacity, and long-term recovery of core credit-service volumes if maintained.
Read all positive factors
VCREDIT Holdings Limited (2003) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$573.60M
Dividend Yield9.77%
Average Volume (3M)112.03K
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue Growth9.41%
EPS Growth-219.96%
CountryHK
Employees870
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, an investment holding company, provides consumer finance services to prime and near-prime borrowers in China. The company offers credit cards balance transfer and consumption credit products. It also provides loan facilit...
How the Company Makes Money
null...
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 | 1.92B | 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
2.54
Price Trends
1.39
Negative
1.84
Negative
2.47
Negative
Market Momentum
-0.08
Negative
38.13
Neutral
6.12
Positive
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 2.54 is above the 20-day moving average (MA) of 1.17, above the 50-day MA of 1.39, and above the 200-day MA of 2.47, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 38.13 is Neutral, neither overbought nor oversold. The STOCH value of 6.12 is Positive, 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$700.40M | 2.73 | 6.16% | 5.46% | 32.46% | 9.09% | |
72 Outperform | HK$3.64B | 7.07 | 10.64% | 6.92% | 2.65% | 16.91% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$395.30M | 6.16 | 2.91% | 4.88% | -7.97% | 53.91% | |
65 Neutral | HK$1.37B | 2.49 | 8.51% | 7.43% | -2.69% | -8.21% | |
60 Neutral | HK$1.75B | -97.40 | 0.95% | 0.27% | -18.37% | -2.84% | |
47 Neutral | HK$573.60M | -1.95 | -12.57% | 9.77% | 9.41% | -219.96% |
* Financial Sector Average
HK:2003
VCREDIT Holdings Limited
1.18
-2.86
-70.79%
HK:0900
AEON Credit Service (Asia) Co., Ltd.
8.70
2.69
44.76%
HK:1577
Quanzhou Huixin Micro-credit Co., Ltd. Class H
1.03
0.07
7.29%
HK:1601
Zhongguancun Science-Tech Leasing Co. Ltd. Class H
0.85
0.09
11.84%
HK:3848
Wealthy Way Group Ltd.
11.22
-0.41
-3.53%
HK:6866
Zuoli Kechuang Micro-finance Co. Ltd. Class H
0.34
0.07
24.07%
VCREDIT Holdings Limited Corporate Events
VCREDIT Sets June 2026 AGM, Seeks Share Buyback Mandate Renewal
Apr 24, 2026
VCREDIT Holdings Limited has called an annual general meeting to be held electronically on 12 June 2026, where shareholders will review the audited financial statements and directors’ and auditor’s reports for the year ended 31 Decembe...
VCREDIT Grants 105,000 Share Awards to Key Staff Under Incentive Scheme
Apr 15, 2026
VCREDIT Holdings has granted 105,000 share awards, representing about 0.02% of its issued share capital, to two non-director employees under its Share Award Scheme No. 1. The awards, acquired on-market by a trustee at prevailing prices and granted...
VCREDIT Swings to Loss in 2025 as Regulatory and Economic Headwinds Bite
Mar 31, 2026
VCREDIT Holdings reported 2025 total income of RMB3.87 billion, down 1.5% year on year, as higher interest income was offset by lower loan facilitation and other income. The Group swung to a net loss of RMB559.8 million from a profit of RMB478.2 m...
VCREDIT Schedules Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 19, 2026
VCREDIT Holdings Limited has scheduled a board meeting for 31 March 2026 in Hong Kong to review and approve the financial statements and annual results for the year ended 31 December 2025. The board will also consider the declaration of a final di...
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.