Tian Chang Group Holdings Ltd. (HK:2182)
:2182
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Tian Chang Group Holdings Ltd.
(2182)
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Rating:52Neutral
Price Target:
HK$0.35
▼(-8.42% Downside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by weak operating/earnings performance (revenue contraction and recent losses) and a negative P/E. Offsetting factors are a strong, low-leverage balance sheet and improved positive cash generation in 2025, while technical indicators are broadly neutral with limited momentum.
Positive Factors
Conservative balance sheet
Extremely low leverage provides lasting financial flexibility: it supports working capital, funding for OEM tooling/capex, and resilience through cyclic demand swings. A strong equity base reduces refinancing risk and preserves strategic options over the next several quarters.
Negative Factors
Significant revenue decline
Sharp multi-year revenue decline reduces operating scale and bargaining power with suppliers and customers. Lower volumes weaken absorption of fixed costs and capex, making margin recovery harder and increasing the risk that cash generation will re-deteriorate if top-line trends don't stabilize.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage provides lasting financial flexibility: it supports working capital, funding for OEM tooling/capex, and resilience through cyclic demand swings. A strong equity base reduces refinancing risk and preserves strategic options over the next several quarters.
Read all positive factors
Tian Chang Group Holdings Ltd. (2182) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$204.60M
Dividend Yield4%
Average Volume (3M)13.73K
Price to Earnings (P/E)―
Beta (1Y)0.02
Revenue Growth-3.86%
EPS Growth-5.91%
CountryHK
Employees917
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)-0.02
Shares Outstanding620,000,000
10 Day Avg. Volume6,000
30 Day Avg. Volume13,733
Financial Highlights & Ratios
PEG Ratio-2.76
Price to Book (P/B)0.31
Price to Sales (P/S)0.45
P/FCF Ratio6.18
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
Tian Chang Group Holdings Ltd. Business Overview & Revenue Model
Company Description
Tian Chang Group Holdings Ltd., an investment holding company, provides e-cigarette products and integrated plastic solutions in Hong Kong, the People's Republic of China, the United States, the United Kingdom, the Netherlands, Japan, India, Germa...
How the Company Makes Money
The company makes money mainly by selling manufactured products to brand owners and distributors under OEM/ODM arrangements, earning revenue based on contracted unit sales volumes and agreed pricing for finished appliances (and, where applicable, ...
Tian Chang Group Holdings Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
64
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 518.78M | 539.61M | 697.51M | 1.14B | 1.12B |
| Gross Profit | 108.01M | 110.12M | 135.91M | 260.07M | 253.86M |
| EBITDA | 35.33M | 32.99M | 67.81M | 173.41M | 171.09M |
| Net Income | -14.46M | -13.66M | 23.46M | 105.94M | 96.26M |
Balance Sheet | |||||
| Total Assets | 873.50M | 924.31M | 974.38M | 1.20B | 1.35B |
| Cash, Cash Equivalents and Short-Term Investments | 132.24M | 129.99M | 132.59M | 135.52M | 114.67M |
| Total Debt | 6.47M | 41.87M | 65.76M | 132.53M | 246.26M |
| Total Liabilities | 119.70M | 179.37M | 191.62M | 422.89M | 592.25M |
| Stockholders Equity | 753.80M | 744.94M | 782.76M | 781.73M | 754.79M |
Cash Flow | |||||
| Free Cash Flow | 38.15M | 31.15M | 91.05M | 139.33M | 31.79M |
| Operating Cash Flow | 39.45M | 35.61M | 96.26M | 144.08M | 94.28M |
| Investing Cash Flow | -1.30M | 5.84M | -320.00K | -1.29M | -54.10M |
| Financing Cash Flow | -33.87M | -46.37M | -92.78M | -138.83M | -45.15M |
Tian Chang Group Holdings Ltd. Technical Analysis
Negative
0.38
Price Trends
0.35
Negative
0.35
Negative
0.36
Negative
Market Momentum
>-0.01
Negative
42.55
Neutral
13.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2182, the sentiment is Negative. The current price of 0.38 is above the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.35, and above the 200-day MA of 0.36, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.55 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2182.
Tian Chang Group Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$207.73M | 16.09 | 1.07% | ― | 10.77% | 150.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | HK$231.08M | -2.06 | -81.36% | ― | -92.58% | -44916.67% | |
52 Neutral | HK$204.60M | -16.30 | -1.93% | 4.00% | -3.86% | -5.91% | |
52 Neutral | HK$974.39M | 0.33 | -194.26% | ― | -64.04% | 1.66% | |
48 Neutral | HK$402.54M | -93.89 | -7.33% | ― | 2.45% | -391.67% | |
46 Neutral | HK$465.00M | -2.65 | -4.03% | ― | -10.92% | 53.30% |
* Industrials Sector Average
HK:2182
Tian Chang Group Holdings Ltd.
0.33
0.01
3.13%
HK:1282
Glory Sun Financial Group Limited
0.09
-0.02
-16.36%
HK:0118
Cosmos Machinery Enterprises Limited
0.25
0.06
31.05%
HK:2700
Green International Holdings Limited
0.62
0.16
34.78%
HK:1094
Cherish Sunshine International Limited
0.38
0.10
35.71%
HK:0474
Aceso Life Science Group Limited
0.11
0.09
440.00%
Tian Chang Group Holdings Ltd. Corporate Events
Tian Chang Clarifies Land Acquisition Focus on Integrated Plastic Solutions
Apr 2, 2026
Tian Chang Group Holdings has clarified the strategic purpose of its planned acquisition of a land parcel in the Xinmin Luotang Area of Huizhou, Guangdong, stating that the site will primarily support a new product line within its integrated plast...
Tian Chang Group Secures 50-Year Industrial Land Rights in Huizhou
Mar 31, 2026
Tian Chang Group Holdings Ltd. has announced that its Huizhou subsidiary has entered into a land use rights grant contract for an industrial land parcel in the Xinmin Luotang Area of Huizhou City, Guangdong Province. The site covers 53,731 square ...
Tian Chang Group Narrows Operational Loss but Swings to Positive Comprehensive Income in 2025
Mar 26, 2026
Tian Chang Group Holdings Ltd. reported revenue of HK$518.8 million for the year ended 31 December 2025, down slightly from HK$539.6 million a year earlier, with gross profit slipping to HK$108.0 million from HK$110.1 million. The group’s ne...
Tian Chang Group Wins RMB49.5 Million Huizhou Industrial Land Bid for New Factory
Mar 23, 2026
Tian Chang Group Holdings Ltd. said its Huizhou subsidiary has successfully bid, via public auction, for land use rights to a parcel in the Xinmin Luotang area of Huizhou City, Guangdong Province, for RMB49.5 million, to be funded by internal reso...
Tian Chang Group Sets March Board Meeting to Approve 2025 Results and Consider Dividend
Mar 11, 2026
Tian Chang Group Holdings Ltd. has scheduled a board meeting for 26 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider whether to recommend a final dividend, a decision t...
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.