New Provenance Everlasting Holdings Limited (2326) AI Stock Analysis

• Market Cap: HK$231.92M
• Dividend Yield: N/A
• Average Volume (3M): 8.47M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.73
• Revenue Growth: 28.43%
• EPS Growth: 21.74%
• Country: HK
• Employees: 135
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 21,084,072,000
• 10 Day Avg. Volume: 7,864,000
• 30 Day Avg. Volume: 8,467,000
• PEG Ratio: -0.10
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 0.45
• P/FCF Ratio: -59.53
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: HK$0.01 ▲(0.00% Upside)

The score is held back primarily by weak financial performance—losses, negative margins, and negative free cash flow—despite the benefit of a low-leverage balance sheet. Technical signals are largely flat/indecisive with extreme RSI, and valuation is pressured by a negative P/E with no dividend support.

Positive Factors

Revenue Growth

The company has shown significant revenue growth, indicating potential market expansion and improved sales performance, which could support future profitability.

Balance Sheet Health

A strong balance sheet with low leverage enhances financial flexibility, reducing refinancing and interest-rate risks, which is crucial for long-term stability.

Improved Financial Performance

The reduction in losses suggests operational improvements and cost management, potentially leading to a path toward profitability and better financial health.

Negative Factors

Negative Free Cash Flow

Persistent negative free cash flow indicates ongoing cash investment needs and working-capital pressure, which can constrain growth and strategic initiatives.

Profitability Challenges

Negative margins highlight weak pricing power and an elevated cost base, challenging the company's ability to achieve sustainable profitability.

Inventory Write-Downs

Inventory write-downs reflect potential inefficiencies in inventory management, impacting profitability and indicating possible demand forecasting issues.

New Provenance Everlasting Holdings Limited Business Overview & Revenue Model

Company Description

New Provenance Everlasting Holdings Limited, an investment holding company, sources and sells metal minerals and related industrial materials in the People's Republic of China. It is also involved in the production and sale of industrial products; provision of logistics services, including warehousing, transportation, and cargo handling, as well as management services. The company was formerly known as BEP International Holdings Limited and changed its name to New Provenance Everlasting Holdings Limited in October 2017. The company was founded in 1984 and is headquartered in Wan Chai, Hong Kong.

How the Company Makes Money

New Provenance Everlasting Holdings Limited generates revenue primarily through its financial services and trading operations. The company earns income from its investment activities, which include equity investments, bonds, and other financial instruments. Additionally, it engages in trading activities that involve the buying and selling of goods and services, contributing to its revenue streams. The company's strategic partnerships and investments in diverse industries also play a significant role in enhancing its earnings and expanding its market presence.

New Provenance Everlasting Holdings Limited Financial Statement Overview

Summary

Overall, New Provenance Everlasting Holdings Limited faces significant challenges in revenue generation and profitability, as evidenced by declining revenues and negative profit margins. The balance sheet remains strong with low leverage, but the company struggles to convert equity into profit. Cash flows are inconsistent, reflecting operational instability and potential liquidity concerns.

Income Statement

The company's income statement shows a declining revenue trend, with significant drops in total revenue from 2023 to 2024. Gross profit margins are narrow, and net profit margins have turned negative in recent years, indicating profitability challenges. EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet is relatively stable with a strong equity base, as evidenced by a high equity ratio. The debt-to-equity ratio is low, indicating conservative leverage. However, the return on equity is negative, reflecting the company's struggle to generate profits from its equity base.

Cash Flow

Cash flow analysis reveals weak cash generation, with negative free cash flow in the latest year. The operating cash flow to net income and free cash flow to net income ratios are volatile, indicating inconsistency in translating profits into cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	470.31M	470.31M	864.30M	1.89B	262.23M	601.95M
Gross Profit	-6.93M	-4.03M	12.03M	19.11M	10.91M	11.07M
EBITDA	-38.15M	-35.33M	-20.26M	12.34M	5.60M	3.63M
Net Income	-45.88M	-45.88M	-30.78M	1.84M	-5.45M	-18.30M
Balance Sheet
Total Assets	508.35M	508.35M	560.36M	1.81B	625.02M	977.77M
Cash, Cash Equivalents and Short-Term Investments	3.13M	3.13M	6.50M	7.53M	9.02M	7.52M
Total Debt	0.00	0.00	4.18M	6.49M	16.67M	21.84M
Total Liabilities	132.70M	132.70M	133.97M	1.32B	103.00M	472.43M
Stockholders Equity	385.07M	385.07M	435.63M	493.21M	531.08M	514.17M
Cash Flow
Free Cash Flow	-3.54M	-3.54M	-708.00K	8.16M	8.45M	-148.53M
Operating Cash Flow	6.91M	6.91M	1.27M	11.17M	12.55M	-147.31M
Investing Cash Flow	-10.41M	-10.41M	-1.96M	-3.01M	-4.09M	155.47M
Financing Cash Flow	0.00	0.00	0.00	-9.56M	-6.88M	-6.96M

New Provenance Everlasting Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2623	66 Neutral	HK$1.71B	20.49	14.56%	―	-70.82%	5182.22%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
1370	51 Neutral	HK$457.89M	-1.34	-41.19%	―	-6.51%	41.00%
8028	50 Neutral	HK$166.96M	-11.15	-25.89%	―	90.42%	48.07%
1380	46 Neutral	HK$420.90M	-2.61	―	―	-52.58%	27.72%
2326	44 Neutral	HK$231.92M	-6.11	-9.31%	―	28.43%	21.74%
6128	38 Underperform	HK$200.50M	-0.99	-23.14%	―	-27.07%	47.86%

New Provenance Everlasting Holdings Limited Corporate Events

New Provenance Everlasting Holdings Limited Reports Improved Interim Financial Results

New Provenance Everlasting Holdings Limited reported its interim results for the six months ended 30 September 2025, revealing a revenue increase to HK$371,705,000 from HK$291,858,000 in the previous year. Despite the revenue growth, the company experienced a loss of HK$9,430,000, though this was an improvement from the previous year’s loss of HK$17,403,000, indicating a potential positive trend in financial performance.

New Provenance Everlasting Holdings Issues Profit Warning Amid Inventory Write-Downs

New Provenance Everlasting Holdings Limited has issued a profit warning, indicating an expected unaudited loss of up to HK$11,000,000 for the six months ending September 30, 2025, compared to a loss of approximately HK$17,403,000 for the same period in 2024. This anticipated loss is primarily due to inventory write-downs, and the company advises shareholders and potential investors to exercise caution when dealing with its securities.

New Provenance Everlasting Holdings to Announce Interim Results

New Provenance Everlasting Holdings Limited has announced a board meeting scheduled for November 26, 2025. The meeting will focus on approving and publishing the interim results for the six months ending September 30, 2025, which could provide insights into the company’s financial health and operational performance.

New Provenance Everlasting Holdings to Forfeit Unclaimed Dividends

New Provenance Everlasting Holdings Limited has announced the forfeiture of unclaimed dividends from the years 2015 and 2016, which will revert to the company if not claimed by October 28, 2025. Shareholders are advised to contact the company’s Hong Kong branch share registrar to claim their dividends before the deadline.