VCREDIT Holdings Limited (HK:2003)
:2003
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VCREDIT Holdings Limited
(2003)
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Rating:58Neutral
Price Target:
HK$2.50
â–¼(-1.57% Downside)
Action:ReiteratedDate:12/30/25
The score is driven primarily by improving but still inconsistent financial performance (stronger 2024 growth, materially lower leverage, but volatile cash flow), offset by weak technical momentum and downtrend signals. Valuation is a major positive due to the very low P/E and high dividend yield.
Positive Factors
Revenue re-acceleration
The 16.8% revenue re-acceleration in 2024 indicates recovering demand and better product/credit distribution execution. Sustained top-line recovery supports medium-term scale benefits, helps absorb fixed costs and underpins margin sustainability if growth persists across cycles.
Negative Factors
Volatile cash generation
Large swings in operating and free cash flow across years show cash conversion is inconsistent. This volatility impairs predictability of funding for lending, investment and dividends, making the business more vulnerable to funding shocks and cyclical downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue re-acceleration
The 16.8% revenue re-acceleration in 2024 indicates recovering demand and better product/credit distribution execution. Sustained top-line recovery supports medium-term scale benefits, helps absorb fixed costs and underpins margin sustainability if growth persists across cycles.
Read all positive factors
VCREDIT Holdings Limited (2003) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$680.54M
Dividend Yield9.77%
Average Volume (3M)112.03K
Price to Earnings (P/E)―
Beta (1Y)0.18
Revenue Growth16.56%
EPS Growth110.71%
CountryHK
Employees870
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-1.74
Shares Outstanding489,459,780
10 Day Avg. Volume67,879
30 Day Avg. Volume112,026
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)0.20
Price to Sales (P/S)0.33
P/FCF Ratio0.63
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
VCREDIT Holdings Limited generates revenue primarily through the interest and fees charged on its consumer finance products. The company offers credit card balance transfer services, where it earns interest from the outstanding balances transferre...
VCREDIT Holdings Limited Financial Statement Overview
Summary
Income Statement
57
Neutral
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.45B | 2.73B | 2.84B | 1.77B | 2.98B | -96.09M |
| Gross Profit | 3.45B | 2.73B | 1.47B | 1.24B | 1.97B | -96.09M |
| EBITDA | 0.00 | 0.00 | 0.00 | 748.90M | 1.56B | 0.00 |
| Net Income | 573.81M | 478.17M | 453.91M | 532.47M | 1.18B | -869.56M |
Balance Sheet | ||||||
| Total Assets | 14.51B | 11.71B | 11.93B | 10.10B | 11.28B | 8.34B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 1.69B | 1.64B | 2.13B | 2.45B | 2.00B |
| Total Debt | 4.46B | 2.27B | 5.62B | 4.54B | 7.01B | 4.77B |
| Total Liabilities | 9.75B | 7.10B | 7.77B | 6.28B | 7.88B | 6.05B |
| Stockholders Equity | 4.75B | 4.61B | 4.17B | 3.82B | 3.39B | 2.28B |
Cash Flow | ||||||
| Free Cash Flow | -1.05B | 1.42B | -1.37B | 3.01B | -1.04B | 5.24B |
| Operating Cash Flow | -1.01B | 1.46B | -1.34B | 3.04B | -1.02B | 5.27B |
| Investing Cash Flow | 9.56M | 45.83M | 70.36M | -176.11M | -122.74M | -27.36M |
| Financing Cash Flow | 1.23B | -714.17M | 580.52M | -3.18B | 1.55B | -5.91B |
VCREDIT Holdings Limited Technical Analysis
Negative
2.54
Price Trends
1.88
Negative
2.25
Negative
2.80
Negative
Market Momentum
-0.12
Positive
23.86
Positive
21.58
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 2.54 is above the 20-day moving average (MA) of 1.60, above the 50-day MA of 1.88, and below the 200-day MA of 2.80, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 23.86 is Positive, neither overbought nor oversold. The STOCH value of 21.58 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$680.00M | 6.27 | 6.16% | 5.46% | -24.04% | 60.24% | |
72 Outperform | HK$3.40B | 7.07 | 11.00% | 6.92% | 4.78% | 24.02% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$389.40M | 5.31 | 3.00% | 4.88% | -12.94% | -15.93% | |
65 Neutral | HK$1.39B | 4.31 | 8.51% | 7.43% | 1.11% | 3.98% | |
58 Neutral | HK$680.54M | -0.36 | -12.57% | 9.77% | 16.56% | 110.71% | |
45 Neutral | HK$1.75B | 290.58 | 0.95% | 0.27% | -7.88% | -28.43% |
* Financial Sector Average
HK:2003
VCREDIT Holdings Limited
1.40
-2.30
-62.16%
HK:0900
AEON Credit Service (Asia) Co., Ltd.
8.12
2.53
45.26%
HK:1577
Quanzhou Huixin Micro-credit Co., Ltd. Class H
1.00
0.19
23.46%
HK:1601
Zhongguancun Science-Tech Leasing Co. Ltd. Class H
0.86
0.12
16.22%
HK:3848
Wealthy Way Group Ltd.
11.22
-0.15
-1.32%
HK:6866
Zuoli Kechuang Micro-finance Co. Ltd. Class H
0.33
0.06
22.22%
VCREDIT Holdings Limited Corporate Events
VCREDIT Holdings Updates on Share Option and Award Schemes
Nov 26, 2025
VCREDIT Holdings Limited announced supplemental information to its 2024 Annual Report, detailing the status of its Post-IPO Share Option Scheme and Share Award Schemes. No new share options were granted under the Post-IPO Share Option Scheme, with...
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.