Tian Chang Group Holdings Ltd. (2182) AI Stock Analysis

• Market Cap: HK$192.20M
• Dividend Yield: 3.75%
• Average Volume (3M): 13.73K
• Price to Earnings (P/E): ―
• Beta (1Y): >-0.01
• Revenue Growth: 7.98%
• EPS Growth: -236.14%
• Country: HK
• Employees: 917
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): -0.02
• Shares Outstanding: 620,000,000
• 10 Day Avg. Volume: 6,000
• 30 Day Avg. Volume: 13,733
• PEG Ratio: 0.09
• Price to Book (P/B): 0.26
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 6.27
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: HK$0.50 ▲(25.00% Upside)

The overall stock score reflects significant financial challenges, with declining revenues and negative earnings impacting the financial performance score. Technical analysis indicates bearish trends, and valuation concerns arise from a negative P/E ratio despite a high dividend yield. These factors collectively suggest caution for potential investors.

Positive Factors

Strong Equity Base

A strong equity base provides financial stability, allowing the company to withstand market fluctuations and invest in long-term growth opportunities.

Debt Reduction

Reducing debt enhances financial flexibility and reduces interest burden, allowing for more resources to be allocated towards strategic initiatives and growth.

Revenue Growth

Positive revenue growth indicates resilience and the ability to capture market opportunities, supporting long-term business sustainability.

Negative Factors

Negative Cash Flow

Negative cash flow from operations raises concerns about liquidity and the ability to fund operations and growth without external financing.

Declining Profitability

Declining profitability challenges the company's ability to sustain operations and invest in future growth, impacting long-term viability.

Reduced Capital Expenditures

Reduced capital expenditures may conserve cash short-term but could limit future growth and competitiveness if not reversed.

Tian Chang Group Holdings Ltd. Business Overview & Revenue Model

Company Description

Tian Chang Group Holdings Ltd. (2182) is a Hong Kong-based investment holding company that primarily operates in the construction and engineering sectors. The company focuses on providing a range of services including general building construction, renovation, and property development. Through its various subsidiaries, Tian Chang is involved in both public and private sector projects, contributing to infrastructure development and urbanization in China and Hong Kong.

How the Company Makes Money

Tian Chang Group Holdings Ltd. generates revenue primarily through its construction and engineering contracts. The company earns money by bidding on and securing contracts for construction projects, which include residential, commercial, and public infrastructure works. Key revenue streams include project management fees, construction services, and consultancy services associated with building projects. Additionally, the company may benefit from partnerships with government entities and private developers, enabling it to access a steady flow of contracts. The firm's ability to maintain competitive pricing and deliver projects on time also plays a crucial role in ensuring repeat business and building a solid reputation within the industry.

Tian Chang Group Holdings Ltd. Financial Statement Overview

Summary

The company is facing significant financial challenges, with declining revenues and negative earnings. Despite a strong equity base and reduced debt, the absence of positive cash flow from operations in 2024 raises concerns about liquidity and future growth potential.

Income Statement

The company has experienced a significant decline in revenue and profitability over recent years, with a notable decrease in total revenue from 2022 to 2024 and negative EBIT and net income in 2024. Gross profit margin has also declined considerably. These factors indicate challenges in maintaining revenue growth and profitability.

Balance Sheet

The balance sheet shows a strong equity base with a high equity ratio, indicating financial stability. The company has managed to reduce total debt significantly over the years, which has strengthened its financial position. However, the declining stockholders' equity and asset base could pose risks if the trend continues.

Cash Flow

The cash flow from operations has been volatile, with a substantial drop to zero in 2024. Despite positive free cash flow in 2023, the lack of operating cash flow in 2024 suggests potential liquidity issues. The significant reduction in capital expenditures may help conserve cash but also signals limited investment in growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	566.14M	539.61M	697.51M	1.14B	1.12B	787.39M
Gross Profit	117.60M	110.12M	135.91M	260.07M	253.86M	193.70M
EBITDA	34.44M	32.99M	67.81M	173.41M	171.09M	143.46M
Net Income	-17.31M	-13.66M	23.46M	105.94M	96.26M	73.71M
Balance Sheet
Total Assets	882.82M	924.31M	974.38M	1.20B	1.35B	1.16B
Cash, Cash Equivalents and Short-Term Investments	118.69M	129.99M	132.59M	135.52M	114.67M	116.97M
Total Debt	30.44M	41.87M	65.76M	132.53M	246.26M	257.42M
Total Liabilities	141.14M	179.37M	191.62M	422.89M	592.25M	525.06M
Stockholders Equity	741.68M	744.94M	782.76M	781.73M	754.79M	638.23M
Cash Flow
Free Cash Flow	11.47M	31.15M	91.05M	139.33M	31.79M	-14.92M
Operating Cash Flow	15.85M	35.61M	96.26M	144.08M	94.28M	84.28M
Investing Cash Flow	-4.38M	5.84M	-320.00K	-1.29M	-54.10M	-86.52M
Financing Cash Flow	-43.91M	-46.37M	-92.78M	-138.83M	-45.15M	35.51M

Tian Chang Group Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2182, the sentiment is Positive. The current price of 0.4 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.36, and above the 200-day MA of 0.35, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 58.73 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2182.

Tian Chang Group Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
0118	54 Neutral	HK$205.14M	22.04	0.53%	―	-9.32%	―
2700	50 Neutral	HK$395.94M	-134.88	-7.37%	―	11.32%	62.61%
0474	50 Neutral	HK$708.65M	-0.77	-63.64%	―	-64.04%	1.66%
2182	48 Neutral	HK$192.20M	-11.11	-2.30%	3.75%	7.98%	-236.14%
1282	47 Neutral	€420.76M	-2.16	-4.03%	―	55.27%	68.84%
1094	41 Neutral	HK$213.30M	-1.72	-58.89%	―	-92.58%	-44916.67%

Tian Chang Group Holdings Ltd. Corporate Events

Tian Chang Group Reports Increased Revenue but Larger Loss in H1 2025

Tian Chang Group Holdings Ltd. has reported its interim financial results for the six months ending June 30, 2025. The company experienced a revenue increase to HK$254,213,000 compared to the same period in 2024. However, despite the revenue growth, the company recorded a loss of HK$11,587,000 attributable to equity holders, which is a larger loss than the previous year. The total comprehensive loss for the period was HK$3,264,000, showing some improvement due to favorable exchange differences.