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China Ludao Technology Co. Ltd. (HK:2023)
:2023
Hong Kong Market
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China Ludao Technology Co. Ltd. (2023) AI Stock Analysis

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HK:2023

China Ludao Technology Co. Ltd.

(2023)

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Neutral 55 (OpenAI - 5.2)
Rating:55Neutral
Price Target:
HK$0.74
▼(-6.58% Downside)
Action:ReiteratedDate:04/27/26
The score is primarily held back by weakened financial quality—especially the move to negative operating and free cash flow in 2025—along with a weak technical trend below major moving averages. A low P/E provides a meaningful valuation offset, but does not fully compensate for cash-flow and margin pressure risks.
Positive Factors
Multi-year revenue growth
Consistent multi-year top-line growth demonstrates durable demand and successful market penetration. Sustained revenue expansion supports scale economics, provides headroom for reinvestment in products and distribution, and underpins medium-term recovery of margins if cost control follows.
Negative Factors
Deteriorating cash generation
A sharp swing to negative operating and free cash flow materially raises financing and liquidity risk if it persists. Negative cash generation constrains ability to self-fund growth, forces reliance on external financing, and can necessitate cuts to capex or working-capital cushions, weakening long-term stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Consistent multi-year top-line growth demonstrates durable demand and successful market penetration. Sustained revenue expansion supports scale economics, provides headroom for reinvestment in products and distribution, and underpins medium-term recovery of margins if cost control follows.
Read all positive factors

China Ludao Technology Co. Ltd. (2023) vs. iShares MSCI Hong Kong ETF (EWH)

China Ludao Technology Co. Ltd. Business Overview & Revenue Model

Company Description
China Ludao Technology Company Limited, an investment holding company, researches and develops, manufactures, and sells aerosol, chemical, and related products in Mainland China, the United States, Europe, Japan, Chile, and internationally. It off...

China Ludao Technology Co. Ltd. Financial Statement Overview

Summary
Strong multi-year revenue growth and positive net income are offset by material margin compression (gross margin down to 13.6% in 2025; EBIT margin 4.7%) and a sharp deterioration in cash generation (2025 operating cash flow -76.6M; free cash flow -134.4M). Leverage has improved but remains meaningful (debt-to-equity ~1.18x).
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
32
Negative
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.09B906.85M705.75M534.70M476.40M
Gross Profit147.69M141.84M133.11M83.38M128.59M
EBITDA66.92M67.64M76.03M29.39M53.20M
Net Income54.80M51.30M43.58M22.32M35.23M
Balance Sheet
Total Assets1.93B1.69B1.39B1.15B933.76M
Cash, Cash Equivalents and Short-Term Investments136.15M33.90M32.47M53.74M26.50M
Total Debt705.39M640.75M712.97M638.51M360.40M
Total Liabilities1.32B1.25B979.45M775.84M553.99M
Stockholders Equity597.86M447.03M409.18M372.64M377.76M
Cash Flow
Free Cash Flow-134.41M87.26M-80.23M-119.92M-124.46M
Operating Cash Flow-76.62M191.69M30.00M41.86M6.44M
Investing Cash Flow-57.55M-133.17M-139.95M-157.54M-110.16M
Financing Cash Flow139.05M-44.65M94.22M142.02M68.61M

China Ludao Technology Co. Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.79
Price Trends
50DMA
0.76
Negative
100DMA
0.76
Positive
200DMA
0.78
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
50.25
Neutral
STOCH
62.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2023, the sentiment is Positive. The current price of 0.79 is above the 20-day moving average (MA) of 0.76, above the 50-day MA of 0.76, and above the 200-day MA of 0.78, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.25 is Neutral, neither overbought nor oversold. The STOCH value of 62.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2023.

China Ludao Technology Co. Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
HK$518.45M11.456.48%8.33%-11.73%-69.83%
73
Outperform
HK$367.40M3.0320.13%-1.25%-36.93%
72
Outperform
HK$289.30M9.713.92%10.32%2.75%-21.60%
70
Outperform
HK$280.01M16.575.40%6.41%-34.28%-45.72%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
55
Neutral
HK$363.93M6.4510.20%23.29%9.11%
41
Neutral
HK$461.31M-10.12358.39%-45.11%-48.30%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2023
China Ludao Technology Co. Ltd.
0.76
-0.11
-12.64%
HK:1455
Fourace Industries Group Holdings Limited
0.21
0.07
43.92%
HK:1925
Kwung's Holdings Limited
1.29
0.05
4.03%
HK:1962
Evergreen Products Group Ltd.
0.46
<0.01
0.22%
HK:0464
China Overseas Nuoxin International Holdings Limited
0.60
0.28
87.50%
HK:8512
Hyfusin Group Holdings Ltd.
0.40
0.10
33.33%

China Ludao Technology Co. Ltd. Corporate Events

China Ludao Calls 2026 AGM and Seeks Fresh Share Issuance Mandate
Apr 23, 2026
China Ludao Technology Company Limited has called its annual general meeting for 28 May 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements for the year ended 31 December 2025 and related reports. The ag...
China Ludao Profit Rises on Revenue Growth and Asset Revaluation Gains
Mar 27, 2026
China Ludao Technology Company Limited reported audited consolidated results for the year ended 31 December 2025, showing revenue of RMB1,118.4 million, up from RMB906.8 million a year earlier, and gross profit of RMB151.6 million. Profit for the ...
China Ludao Schedules March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 17, 2026
China Ludao Technology Company Limited has scheduled a board meeting in Hong Kong on 27 March 2026 to review and approve the audited annual results for the year ended 31 December 2025. The board will also consider the publication of these results ...
China Ludao forecasts at least 15% revenue rise for 2025 on stronger product sales
Feb 11, 2026
China Ludao Technology said its group revenue for the year ended 31 December 2025 is expected to increase by at least 15% from the prior year&#8217;s approximately RMB907 million. Management attributed the anticipated growth mainly to stronger sal...
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.Date of analysis: Apr 27, 2026