Fulu Holdings Limited (HK:2101)
:2101
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Fulu Holdings Limited
(2101)
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Rating:58Neutral
Price Target:
HK$1.00
▼(-23.08% Downside)
Action:Reiterated
Date:05/12/26
The score is driven primarily by solid financial stability (very low leverage) but tempered by choppy earnings/cash-flow quality and a clear negative technical trend (price below major moving averages and negative MACD). Valuation is neutral-to-moderate based on the P/E, with no dividend yield data to add support.
Positive Factors
Low leverage / strong balance sheet
Extremely low leverage and sizable equity provide durable financial flexibility: supports working capital for sourcing digital entitlements, cushions cyclical downturns, and enables strategic investments or partnerships without relying heavily on external debt financing over the next 2–6 months.
Negative Factors
Volatile revenue trends
Large year-to-year revenue swings signal instability in transaction volumes or partner demand. That volatility undermines predictable commission income, complicates budgeting and vendor contracting, and raises execution risk for strategic investments over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Extremely low leverage and sizable equity provide durable financial flexibility: supports working capital for sourcing digital entitlements, cushions cyclical downturns, and enables strategic investments or partnerships without relying heavily on external debt financing over the next 2–6 months.
Read all positive factors
Fulu Holdings Limited (2101) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$416.81M
Dividend YieldN/A
Average Volume (3M)158.57K
Price to Earnings (P/E)17.2
Beta (1Y)0.23
Revenue Growth-7.94%
EPS Growth33.02%
CountryHK
Employees976
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.04
Shares Outstanding408,640,900
10 Day Avg. Volume18,900
30 Day Avg. Volume158,566
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)0.39
Price to Sales (P/S)1.42
P/FCF Ratio3.42
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
Fulu Holdings Limited Business Overview & Revenue Model
Company Description
Fulu Holdings Limited, an investment holding company, operates a third-party digital goods and services platform in the People's Republic of China. It operates through four segments: Leisure and Entertainment, Games, Telecommunications, and Lifest...
How the Company Makes Money
Fulu Holdings Limited primarily makes money by facilitating the sale and distribution of digital goods (e.g., gift cards, prepaid credits/top-ups, and subscription-type virtual products) to consumers and enterprise customers through its platform a...
Fulu Holdings Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
84
Very Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 321.18M | 330.96M | 359.79M | 560.41M | 479.86M | 399.28M |
| Gross Profit | 222.99M | 258.79M | 254.22M | 416.18M | 359.24M | 295.24M |
| EBITDA | 9.55M | 39.53M | 19.05M | 66.94M | 47.14M | 34.41M |
| Net Income | 13.98M | 27.30M | 20.16M | 91.61M | 97.88M | 68.22M |
Balance Sheet | ||||||
| Total Assets | 1.77B | 1.60B | 1.76B | 1.76B | 1.58B | 1.38B |
| Cash, Cash Equivalents and Short-Term Investments | 481.30M | 375.79M | 402.28M | 159.90M | 176.45M | 226.45M |
| Total Debt | 104.96M | 17.04M | 176.55M | 151.46M | 54.21M | 18.70M |
| Total Liabilities | 460.74M | 398.97M | 482.52M | 505.28M | 365.10M | 213.38M |
| Stockholders Equity | 1.32B | 1.22B | 1.30B | 1.27B | 1.22B | 1.16B |
Cash Flow | ||||||
| Free Cash Flow | 263.00M | 137.47M | 203.92M | -65.11M | 6.42M | -136.88M |
| Operating Cash Flow | 264.61M | 139.79M | 205.00M | -49.90M | 22.48M | -123.86M |
| Investing Cash Flow | -125.68M | 41.79M | -80.79M | 1.52M | -22.41M | -19.59M |
| Financing Cash Flow | -69.13M | -263.56M | 38.49M | 45.66M | -59.87M | -101.32M |
Fulu Holdings Limited Technical Analysis
Negative
1.30
Price Trends
1.16
Negative
1.19
Negative
1.24
Negative
Market Momentum
-0.02
Negative
38.37
Neutral
8.59
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2101, the sentiment is Negative. The current price of 1.3 is above the 20-day moving average (MA) of 1.11, above the 50-day MA of 1.16, and above the 200-day MA of 1.24, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 38.37 is Neutral, neither overbought nor oversold. The STOCH value of 8.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2101.
Fulu Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | HK$416.81M | 17.23 | 1.68% | ― | -7.94% | 33.02% | |
50 Neutral | HK$455.57M | 2,693.21 | -8.05% | ― | 85.29% | 39.63% | |
49 Neutral | HK$238.21M | 18.51 | 0.77% | 7.94% | 1.69% | -81.96% | |
45 Neutral | HK$1.27B | -9.67 | -84.63% | ― | -34.70% | -85.98% | |
41 Neutral | HK$354.58M | -0.24 | 104.65% | ― | -8.14% | -5.61% | |
40 Underperform | HK$941.44M | -0.11 | ― | ― | 13.45% | 48.65% |
* Consumer Cyclical Sector Average
HK:2101
Fulu Holdings Limited
1.02
-0.26
-20.31%
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Fulu Holdings Limited Corporate Events
Fulu Holdings Sets 2026 AGM to Approve Results, Board Changes and Share Issue Mandate
Apr 29, 2026
Fulu Holdings Limited has called its annual general meeting for 4 June 2026 in Wuhan, where shareholders will vote on adopting the audited consolidated financial statements for the year ended 31 December 2025 and receive reports from the board and...
Fulu Holdings Boosts Profit as Lifestyle Digital Services Become Core Growth Engine
Mar 27, 2026
Fulu Holdings Limited reported that its lifestyle-focused digital services have become its main revenue driver, with the lifestyle segment’s GMV jumping 50.4% to RMB4.98 billion and revenue rising 55% to represent 41.2% of total sales, suppo...
Fulu Holdings Sets March 27 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 17, 2026
Fulu Holdings Limited has scheduled a board meeting for March 27, 2026, to review and approve the annual results of the company, its subsidiaries and consolidated affiliated entities for the financial year ended December 31, 2025. At the same meet...
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.